The market prospect of fertilizer mixing equipment is relatively broad. The following is an analysis from multiple aspects:

Market demand growth: With the acceleration of agricultural modernization, the proportion of compound fertilizer application continues to increase, and the demand for high-performance fertilizer mixing equipment is also increasing. In 2024, the sales of blending machines nationwide reached about 38000 units, a year-on-year increase of 8.6% compared to 35000 units in 2023. It is expected that by 2025, as the construction of high standard farmland accelerates and the coverage of soil testing and formula fertilization technology is expected to increase to over 85%, the demand for blending machines in the market is expected to be further released, and the annual sales volume will exceed 42000 units, a year-on-year increase of about 10.5%.

Strong policy support: A series of policies have been introduced to support the development of fertilizer blending equipment. For example, the Ministry of Agriculture and Rural Affairs continues to promote the reduction and efficiency improvement of chemical fertilizers, encouraging the use of blended fertilizers instead of traditional single element fertilizers. In 2024, the central government will allocate 25 billion yuan in subsidies for the purchase and application of agricultural machinery, and the proportion of funds used to support intelligent fertilization equipment will increase from 6.8% in 2022 to 9.3% in 2024. Many local governments have also introduced local subsidy policies. For example, in Shandong Province, users who purchase equipment that meets the national standard GB/T27617-2023 "Blended Fertilizer (BB Fertilizer)" will receive a local financial subsidy of no more than 15% of the equipment price on top of the central subsidy.

Technological innovation driving: Fertilizer blending equipment is developing towards intelligence and automation. High end intelligent blending machines equipped with IoT monitoring modules and automatic formula adjustment functions are experiencing rapid sales growth, with sales exceeding 4300 units in 2024, a year-on-year increase of 21.4%. At the same time, the State Administration for Market Regulation has approved the release of a new version of the "Blended Fertilizer (BB Fertilizer)" standard, which has raised the requirements for product uniformity and fertilization equipment accuracy. This will force production enterprises to improve equipment manufacturing accuracy and promote the overall technological level of the industry to leap forward.

Environmental demand driven: Environmental and sustainable agricultural practices have driven more efficient and low waste fertilizer production methods. Fertilizer blending equipment can accurately mix fertilizers according to soil conditions and crop needs, reducing fertilizer waste and environmental pollution, and meeting environmental protection requirements. Therefore, market demand is expected to further increase.

Export market expansion: In 2024, the export value of Chinas compound fertilizer mixing equipment reached 360 million US dollars, mainly sold to Southeast Asia, South Asia, and Africa, with a year-on-year increase of 13.8%. It is expected that the export scale will continue to expand in 2025. Fertilizer blending equipment, as an important equipment for the production of compound fertilizers, is also expected to expand its international market with the growth of exports of compound fertilizer blending equipment.