As people pay more and more attention to environmental protection and health, the market demand for organic fertilizer is growing rapidly. According to the analysis of the market operation and investment prospect trend report of China's organic fertilizer equipment industry from 2023 to 2029, the total output value of China's organic fertilizer industry continued to grow in 2019, reaching 82.28 billion yuan, with a year-on-year growth of 11.2%, among which the output value of organic fertilizer was 73.91 billion yuan, with a year-on-year growth of 11.2%. The output value of the organic fertilizer industry reached 8.37 billion yuan, up 11.7 percent year on year. In 2020, due to the impact of COVID-19, the market size of China's organic fertilizer industry declined, but by the end of 2020, with the remission of the epidemic, the market size of China's organic fertilizer industry rebounded.
Total output value was 84.12 billion yuan, up 2.2 percent year on year. In 2021, with the continued remission of the epidemic, the market demand of China's organic fertilizer industry will continue to grow. The total output value of China's organic fertilizer industry is expected to reach 90.42 billion yuan in 2021, up 7.9 percent year on year. In 2022, the market demand of China's organic fertilizer industry will continue to grow. The total output value of China's organic fertilizer industry is expected to reach 97.85 billion yuan in 2022, up 7.5% year-on-year. In the long term, the market size of our organic fertilizer industry will continue to expand, because with the improvement of environmental protection awareness, the consumption demand of organic fertilizer will continue to grow. At the same time, it drives the rapid development of organic fertilizer equipment industry and promotes the progress of organic fertilizer production line.
The government's support for the organic fertilizer industry will continue to increase, providing more policy support for the development of the industry. In short, the market scale of Chinese organic fertilizer industry will continue to expand, and the development prospect of organic fertilizer industry will be more and more clear in the next few years