Top Urea Companies

Global Urea Market size was valued at USD 80.2 Billion in 2024 and is poised to grow from USD 82.76 Billion in 2025 to USD 106.48 Billion by 2033, growing at a CAGR of 3.2% during the forecast period (2026–2033).

Key vendors in the Urea Market include Yara International ASA, Nutrien Ltd., CF Industries Holdings, Inc., Qatar Fertiliser Company (QAFCO), OCI N.V., SABIC Agri-Nutrients Company, EuroChem Group, Koch Fertilizer, LLC, Coromandel International Limited, and Indian Farmers Fertiliser Cooperative Limited (IFFCO). These companies are focusing on expanding production capacity, improving energy efficiency, and investing in sustainable ammonia and urea production technologies to meet the growing global demand for fertilizers.

The key driver of the Urea Market is the increasing global demand for agricultural productivity to support a growing population. Rising food consumption, expanding cultivation of high-yield crops, and the widespread use of nitrogen-based fertilizers to improve crop yields are significantly driving the demand for urea worldwide.

The key market trend in the Urea Market is the increasing focus on sustainable fertilizer production and enhanced-efficiency urea products. Manufacturers are investing in low-carbon ammonia technologies, green hydrogen integration, and coated or stabilized urea fertilizers to improve nutrient efficiency, reduce nitrogen losses, and meet evolving environmental regulations.

Asia-Pacific accounted for the largest share in the Urea Market due to its extensive agricultural activities, large population, and high demand for nitrogen-based fertilizers. Countries such as China and India are major producers and consumers of urea, supported by government initiatives to enhance agricultural productivity and ensure food security.