USD 196.4 billion
Fertilizer Market Size, Share, and Growth Analysis
Fertilizer Market By Agriculture (Horticulture, Gardening), By Type (Organic, Inorganic), By Form (Dry, Liquid), By Crop Type (Cereals & Grains, Oilseeds & Pulses), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15A2142 |
Region:
Global |
Published Date: January, 2025
Pages:
242
|Tables:
59
|Figures:
75
Format -
Fertilizer Market Insights
Fertilizer Market size was valued at USD 196.4 billion in 2023 and is poised to grow from USD 200.92 billion in 2024 to USD 241.0 billion by 2032, growing at a CAGR of 2.3% during the forecast period (2025-2032).
Natural and synthetic fertilisers are applied to plant tissues or soil to give one or more nutrients required by plants for growth. Over the projected period, it is anticipated that increased agricultural output and growing demand for improved soil nutrients will further raise fertilizer demand.
Farmers should be encouraged to utilise fertilisers more effectively and safely as organic fertilisers become increasingly widespread. There are several problems that the agricultural sector in the world must deal with. By 2050, the world's population will have topped nine billion, according to the UN. This will put a great deal of strain on the agricultural industry, which is already experiencing a loss in output as a consequence of a lack of labourers and the shrinkage of agricultural fields as a result of rising urbanisation. By 2050, the Food and Agriculture Organization projects that more than 70% of people on the planet would reside in urban areas. Due to a global lack of arable land, farmers are being pushed to employ fertilisers to increase their agricultural output.
US Fertilizer Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Dry
Fastest Growth
Dry
Growth Rate
2.3% CAGR
Global Fertilizer Market ($ Bn)
Country Share for North America Region (%)
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Fertilizer Market Segments Analysis
Global Fertilizer Market is segmented by Agriculture, Type, Form, Crop Type, and region. Based on Agriculture, the market is segmented into Horticulture, Gardening and Others. Based on Type, the market is segmented into Organic and Inorganic. Based on Form, the market is segmented into Dry and Liquid. Based on Crop Type, the market is segmented into Cereals & Grains (Corn, Wheat, Rice, Other Cereals & Grains), Oilseeds & Pulses (Soybean, Sunflower, Other Oilseeds & Pulses), Fruits & Vegetables (Pome Fruits, Citrus Fruits, Leafy Vegetables, Berries, Roots & Tuber Vegetables, Other Fruits & Vegetables), Other Crops. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Fertilizer Market Analysis by Form
Based on form, the dry fertilisers industry is anticipated to reach a value of over USD 200 billion By 2030. Dry or granular fertilisers are simpler to store and don't need special storage conditions. In most cases, they are stored at room temperature. Dry fertilisers do not settle out or salt out in a chilly environment. Dry fertilisers are more efficient for pre-plant treatments that are extensive. Due to their slow-release mechanisms, dry fertilisers with polymer-coated urea are used. Additionally, buying dry fertilisers in bulk results in cost savings. Over the course of the projection period, rising agricultural production is anticipated to significantly enhance market concentration for dry fertilisers.
Fertilizer Market Analysis by Product
Based on product, the demand for organic fertilisers will reach 11.5 million tonnes By 2030. Organic fertilisers are typically less concentrated and safer to use than inorganic fertilisers. Organic fertilisers are environment-friendly and non-toxic. For a variety of plants and crops, they are regarded as the best fertilisers. Their regular application enhances soil fertility without endangering the biological equilibrium of the soil. Many farmers have switched to organic farming thanks to rising environmental consciousness and the drawbacks of using synthetic or inorganic fertilisers. The market for fertilisers is also probably going to gain from rising consumer demand for organic agricultural products.
Global Fertilizer Market By Form
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Fertilizer Market Regional Insights
Asia Pacific will see a 2.5% CAGR and will continue to lead the fertiliser market share over the anticipated period. In China, India, Pakistan, Vietnam, and Bangladesh, population growth is predicted to be followed by rising need for improved food production during the next few years. A number of the region's nations export agricultural goods in significant quantities around the globe. For instance, rice exports from Vietnam and Thailand each year are at an all-time high. In contrast, India is anticipated to export rice worth more than USD 4 billion in 2020. Demand for regional goods will also rise as a result of an increase in foreign direct investment and government subsidies in the fertiliser industry.
Global Fertilizer Market By Region
- Largest
- Fastest
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Fertilizer Market Dynamics
Fertilizer Market Drivers
Higher Quality to Boost Opportunities for Players
- To increase agricultural productivity, organic fertilisers are made from naturally occurring plant waste, microorganisms, animal compost, excretions, and herbal extracts. These fertilisers prolong soil structure, enhance soil retention of nutrients and water, and have a long shelf life. There are no artificial components in the organic fertilisers. As a result of the surge in demand for organic fertilisers throughout the course of the anticipated period, the worldwide fertiliser market will grow and flourish.
Fertilizer Market Restraints
Stringent Regulations to Hinder Market Growth
- The global market's expansion is both sped up and slowed down by the regulatory and other laws and norms that the fertiliser industry is subject to, much like other industries. Market participants will face harsh punishment if these laws and regulations are not obeyed. Therefore, the growth of the global fertiliser industry is being constrained by strict governmental regulations.
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Fertilizer Market Competitive Landscape
Global Fertilizer Industry is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
Top Players in Fertilizer Market
- Nutrien Ltd. (Canada)
- Yara International (Norway)
- Mosaic Company (US)
- CF Industries Holdings (US)
- OCI Nitrogen (Netherlands)
- EuroChem Group (Switzerland)
- PhosAgro (Russia)
- Uralchem (Russia)
- ICL Group (Israel)
- CFCL (Coromandel International Limited) (India)
- National Fertilizers Limited (NFL) (India)
- Rashtriya Chemicals & Fertilizers Ltd (RCF) (India)
- Saudi Basic Industries Corporation (SABIC) (Saudi Arabia)
- Qatar Fertiliser Company (QAFCO) (Qatar)
- Abu Dhabi National Oil Company (ADNOC) (UAE)
- OCP Group (Morocco)
- Mosaic Fertilizantes (Brazil)
- K+S Aktiengesellschaft (Germany)
- SQM (Sociedad Química y Minera de Chile) (Chile)
Recent Developments in Fertilizer Industry
- In August 2020 Yara East Africa launched Yara Microp, a micronutrient fertilizer, to boost maize yields in Western Kenya. Yara Microp is a phosphorous, nitrogen, Sulphur, and zinc-based combination that helps maize crops develop quicker and yield more.
Fertilizer Key Market Trends
- The highly effective fertilisers aid in the efficient and effective growth of plants and crops. The usage of enhanced efficiency fertilisers in the agriculture industry is rising significantly, especially for industrial crops, as a result of the development of new natural chemicals and low-cost polymer coating technologies. Accordingly, profitable prospects for the expansion of the worldwide fertiliser industry are being created by the rising demand for high-efficiency fertilisers.
Fertilizer Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global fertilizer market analysis, It is projected that the population growth, particularly in developing nations like India, will raise the demand for fertilisers. Fertilizers help crops flourish because they play a significant part in increasing agricultural output by boosting soil fertility. The soluble liquid fertilisers in water. This makes liquid fertilizer storage problematic. The implementation of a smart storage system is likewise expensive and capital intensive. The largest obstacle to the expansion of the global fertiliser business is hence the high cost of handling and management.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 196.4 billion |
| Market size value in 2032 | USD 241.0 billion |
| Growth Rate | 2.3% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Fertilizer Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Fertilizer Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Fertilizer Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Fertilizer Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Fertilizer Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Fertilizer Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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