China's Chemical Fertilizer Market Shows Promising Growth Potential for Future
The chemical fertilizer market in China is being studied to see how it's changing. In 2001, the market had a capability of 4.52×1010 RMB Yuan, which is about a quarter of the total fertilizer quantity. The market is growing at a rate of about 2.59% due to changes in farming practices and technology. Products with high market share have good potential. The future of the chemical fertilizer industry in China looks promising, especially for phosphate and potash fertilizers if technology and fertilizer use improve.