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How big is the market size of organic fertilizer equipment

2024/10/28

The size of the organic fertilizer equipment market can be reflected by the following data:

1. Production and demand: According to statistics, in 2023, China's organic fertilizer production (converted into nitrogen, phosphorus and potassium) is 18.28 million tons, and the demand (converted into nitrogen, phosphorus and potassium) is 17.92 million tons.

2. Market size: China's organic fertilizer market will reach 141.39 billion yuan in 2023.

3. Industry development trend: The organic fertilizer industry is in a period of accelerated development in China. With the country's emphasis on the healthy and orderly development of the organic fertilizer industry, it is expected that the market size will continue to grow. It is expected that by 2027, the market size of China's organic fertilizer industry will reach 109.2 billion yuan, and the five-year compound growth rate will be maintained at about 7%.

4. Policy support: Organic fertilizer, as an important link in green agriculture and modern agricultural production, has been included in the central document No. 1, and the state has issued a series of policies favorable to the promotion of organic fertilizer, which will further promote the expansion of the market scale.

5. Number of enterprises and production capacity: There are more than 3,500 organic fertilizer production enterprises in China, with a designed production capacity of 34.82 million tons.

6. Market prospect forecast: According to the Report on In-depth Research and Investment Prospects of China's organic fertilizer Equipment Market in 2021-2027, the market prospect of the organic fertilizer production line industry is promising, and the market size is expected to continue to grow.

In summary, the market size of organic fertilizer equipment is large, and with the increase of policy support and market demand, the market size is expected to further expand.