In 2023, the compound fertilizer's effective component volume in China stood at approximately 2.34 ten million metric tons. Forecasted data from 2024 onward shows a steady increase, with the volume reaching 2.49 ten million metric tons by 2028. Year-on-year growth rates from 2024 to 2028 indicate consistent, albeit modest, increases ranging from approximately 1.18% to 1.25%. The compound annual growth rate (CAGR) over this period is around 1.25%.

Future trends to watch for include:

Technological advancements in fertilizer production driving efficiency improvements.
Changes in agricultural policies and their impact on fertilizer demand.
Environmental considerations leading to potential shifts towards more sustainable fertilizer options.