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The China biofertilizers market size is projected to grow at a CAGR of 12.90% during the forecast period.
Biofertilizers comprise free-living bacteria, which help in promoting plant growth and improving productivity via strengthening its roots. These agricultural biologicals have emerged as a feasible and sustainable biotechnological alternative to enhance crop yield, improve and restore soil fertility, and lower the environmental impact of chemical fertilization. Moreover, the rising awareness about the use of biofertilizers among farmers and consumers, along with the support from Chinese governmental agencies, further fuels the market share. According to the “Federal Ministry of Food and Agriculture,” 2020, approximately 6,528 biofertilizers were produced using 170 functional strains in China by the year 2018.
Growing Trend of Sustainable Farming to Drive Product Usage
In recent years, the production of biofertilizers has increased, fertilizer production quality has been improved, and especially the impact on the protection of the environment is increasingly recognized. At the same time, the rising demand for safe and clean-label products and the growing realization of the adverse effects of the excess use of chemical fertilizers on human health and the environment have influenced fertilizer manufacturing companies to focus more on developing biofertilizers. Thus, by adopting sustainable practices, the farmers will minimize their dependency on chemical-based agricultural biologicals, thereby maintaining agricultural production at a sustainable level.
According to the “China Beijing Organic and Beyond Corporation” (OABC), 2020, one of the organic food companies in Brazil, China has been recognized as the world’s third-largest producer of organic agricultural products and the fourth-largest consumer of organic food products. Thus, applying microbial inoculants is a promising technology for future sustainable farming practices because of rapidly minimizing the use of phosphorus stocks and the need to use the available nitrogen more efficiently.
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Rising Awareness of Biofertilizers via Governmental Initiatives to Promote Industry Expansion
The overuse of synthetic fertilizers and the poor utilization efficiency in agricultural production led to increased adverse effects regarding food safety, land ecosystem, and environmental pollution. Thereby, acknowledging the urgency, the Chinese government has launched several action plans to curb the excess usage of synthetic chemicals across the product field. For instance, the Ministry of Agriculture in China introduced the “Zero Growth Policy of Pesticides and Fertilizers by 2020” in 2015 to eliminate the use of synthetic chemicals and later promote the use of bio-based and organic fertilizers. Along with this, a plan dubbed the “National 13th Five Year Plan for the Development of Emerging Industries” was introduced by China’s State Council in 2019, describing biofertilizers' efficiency and how it stimulates the plant growth. Such plans/schemes will help the country to establish an eco-friendly, secure, green, and low-carbon environment, are the factors driving the growth in the use of agricultural biologicals and thus adds up to the China biofertilizers market growth.
Low Investments by Local Fertilizer Producers to Restrain Industry Growth
One of the present-day challenges in the agricultural field is eco-friendly practices. Though the advantages of the Green revolution have been known worldwide, its role and adoption are still growing at a slower pace. The biofertilizer technology is a cost-effective and eco-friendly method, yet several restraints, such as poor investment in producing new agricultural biologicals and inadequate focus on using new technologies across the China market, further limit its application and implementation. Moreover, the lack of specific regulations regarding the registration and use of biofertilizers may restrict the market growth.
As per data provided by the Food and Agriculture Organization, the utilization of agricultural land under organic farming in China has increased by 9.90% in the year 2020 compared to 2019.
In terms of the competitive landscape, the market has the presence of established and emerging biofertilizer companies in the country. China is the prominent market in the Asia Pacific region and encompasses major companies such as Genliduo Bio-Tech Corporation Ltd., Shanxi Haozhida Biotechnology Co., Ltd., Binzhou Jingyang Biology Fertilizer Industry Co., Ltd., and many others. Moreover, the companies are extensively focused on enhancing their clientele base via joint ventures or by partnering with other key business stakeholders. This is expected to help in expanding the fertilizer market and profits.
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The research report includes quantitative and qualitative insights into the market. It also offers a detailed analysis of the market size and growth rate for all possible market segments. Various key insights presented in the report are an overview of related markets, competitive landscape, recent industry developments such as mergers & acquisitions, the regulatory scenario in critical countries, and key industry trends.
CAGR of 12.90% from 2023 to 2030
Value (USD Million)
By Crop Type
The market is projected to grow at a CAGR of 12.90% during the forecast period (2023-2030).
The soil treatment segment is expected to be the leading appliction method in China market.
Rising awareness of biofertilizers via Governmental initiatives is expected to drive market growth.
Genliduo Bio-Tech Corporation Ltd., Shanxi Haozhida Biotechnology Co., Ltd., and UPL Limited are some of the top players in the China market.
Low investments by local fertilizer producers in the country may impede the market growth.
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