FOR IMMEDIATE RELEASEPressnews.biz (Press Release) Jan 29, 2014 -- The chemical fertilizer industry of China has grown at a CAGR of 2.0% during 2006-2012 with nitrogen fertilizers being the chief contributing segment. The country has been the largest contributing market in the Asia fertilizer industry. Application of chemical fertilizers plays an important role as China is the most populous country of the world. Thus ensuing food supply is one of the most important objective of the government as the application of fertilizer has helped the developing country such as China to help increase the yield per area of grain crop by around 55.0% to 57.0% while the overall production increased by amplified by almost 30.0%. Over the years 2006-2012, many small firms have emerged in the fertilize industry of China particularly nitrogen and phosphate fertilizers. At present the fertilizer industry of China is characterized by a large number of small firms contributing smaller share in the overall fertilizer market of the country. Thus most of the firms have continued in order to maintain competitive edge in the industry have started focusing on consolidation to achieve various goals such as elaborating the potential capacity, cost reduction, change of production structure and others through collective advantages and modernization. This would help the small players to save themselves from being the first target of elimination during shakeout periods.
|Issued By||:||Anku Gupta|
|Phone||:||01147017199, +91 9015378249|
|Business Address||:||109-110, NDM II, Netaji Subhash Place, Pitampura, New Delhi - 110034, India
|Tags||:||China Fertilizer Industry Research Report, China Fertilizer Industry Size Report|
|Last Updated||:||Jan 29, 2014|
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