The current international seaweed fertilizer market exhibits the following characteristics:

1. Market Size and Growth Trends

The global seaweed fertilizer market is experiencing rapid expansion, reaching $2.715 billion in 2024 and projected to reach $3.976 billion by 2031, with a compound annual growth rate (CAGR) of 5.6%. This growth is primarily driven by demand for sustainable agriculture.

2. Supply Structure

China accounts for over 40% of global production capacity, with industrial clusters forming in Shandong and Fujian. In 2023, China's seaweed fertilizer exports reached 42,000 tons, a year-on-year increase of 38.6%, of which 67.3% went to Southeast Asian markets.

3. Product Advantages

Seaweed fertilizer's advantages lie in its environmental friendliness, high efficiency, increased yield and quality, and enhanced crop resistance. It can improve soil quality, promote plant growth, and increase crop yield and quality, making it suitable for a variety of crop cultivation scenarios. It is a cost-effective alternative to chemical fertilizers and offers enhanced product efficacy.

4. Policy and Technology Drivers

Thanks to policy advantages, 39 countries worldwide have included seaweed fertilizers in their green subsidy catalogs. Continuous technological innovation has led to a 3.2-fold increase in demand for stress-resistant compound products. High-temperature-resistant seaweed fertilizers have increased crop resistance to lodging by 34%, and low-temperature extraction technology has reduced production costs by 18%.

5. Challenges and Risks

Raw Material Supply: El Niño has caused a 19% decrease in giant kelp production in Chile. Leading companies are accelerating the development of aquaculture bases on the west coast of Africa to ensure a stable supply chain.

Substitution Pressure: The North American market faces competition from biostimulant products, while extended environmental approval cycles in Europe may impact market expansion.

6. Future Development Trends

The future development trends of seaweed fertilizers are primarily reflected in continued market growth, technological innovation driving product upgrades, environmental regulations driving optimized production methods, and diversified market demand. These trends include product functionality diversification, greener production processes, improved technology, and improved industry standards.