my country’s water-soluble fertilizer industry chain has been formed and market concentration is low

Water-soluble fertilizer, abbreviated as WSF, refers to a liquid or solid compound fertilizer that is completely soluble in water. It contains various nutrients such as potassium, nitrogen, and phosphorus, as well as trace elements such as alginic acid, humic acid, and amino acids. Water-soluble fertilizers have the advantages of environmental protection, no pollution, good compatibility, and high utilization rate of nutrients. After years of development, the types of water-soluble fertilizer products have become increasingly rich, which can be roughly divided into water-soluble fertilizers containing trace elements, water-soluble fertilizers containing humic nitric acid, water-soluble fertilizers containing amino acids, water-soluble fertilizers containing large elements, and water-soluble fertilizers containing medium elements. , organic water-soluble fertilizers, etc.

At this stage, my country’s water-soluble fertilizers have formed a complete industrial chain. The upstream of the industrial chain is the raw material industry, which provides humic acid, humic nitric acid, trace elements, amino acids and other raw materials; the midstream is mainly the water-soluble fertilizer production industry, responsible for the production and manufacturing of various types of water-soluble fertilizers; the downstream is mainly oriented to application fields, with many Applications include flower gardening, landscape gardening, municipal greening, agriculture and other fields.

According to the “2023-2027 Water-Soluble Fertilizer Industry In-depth Market Research and Investment Strategy Suggestions Report” released by the Industrial Research Center, the recent In the past few years, my country’s economy and society have developed rapidly, and the agricultural planting structure has gradually evolved and changed, gradually developing in the direction of scale and intensification. Water-saving planting facilities such as drip irrigation and sprinkler irrigation have gradually become popular, and the application area of ​​water-soluble fertilizers has gradually expanded. Coupled with the continuous advancement of my country’s water-soluble fertilizer production technology, production costs are gradually declining, and market demand is gradually increasing. Against this background, the scale of my country’s water-soluble fertilizer market has shown a trend of increasing year by year. In 2022, my country’s water-soluble fertilizer market size will exceed 70 billion yuan.

Judging from the types of water-soluble fertilizer products in my country, water-soluble fertilizers containing amino acids and water-soluble fertilizers containing trace elements have a larger market share, with both types of products accounting for 25.1% of the market, followed by water-soluble fertilizers containing putrefactive nitric acid, with a market share of The market share of water-soluble fertilizers containing large amounts of elements and organic water-soluble fertilizers is relatively small, accounting for 5.1% and 3.2% respectively.

Industry analysts said that my country’s water-soluble fertilizer market concentration is low and the number of companies is large. The main foreign water-soluble fertilizer companies include Fuwasi, Compo, ICL, Yara International, etc. The domestic large-scale water-soluble fertilizer companies mainly include Anstar, Hutai Chemical, Jinzhu Fertilizer, Montreal, Xinlianxin, Luxi Chemical, Jinzhengda, etc. At present, my country’s water-soluble fertilizer companies are gradually emerging, production technology continues to advance, product quality is gradually improving, and market share is gradually increasing. In addition, there are still a large number of small companies in my country’s water-soluble fertilizer market. Due to their relatively backward production technology, their market competitiveness is weak. As my country’s larger water-soluble fertilizer companies gradually expand, the living space of small companies is gradually squeezed, and they may be annexed or disappeared in the future, and market concentration is expected to gradually increase.