Global Fertilizer Market is expected to reap a valuation of US$ 250.00 Billion by 2030. Fertilizers play a pivotal role in present-day agriculture by improving soil fertility and boosting crop yields. In contemporary agricultural practices, where international food demand is escalating, fertilizers offer crucial nutrients like nitrogen, phosphorus, and potassium, ensuring the most effective plant boom. They enable farmers to maximize productivity, meet increasing meal requirements, and mitigate the effects of environmental challenges. Fertilizers contribute considerably to sustainable and green farming, helping a developing populace and ensuring global food safety in the face of evolving climatic and demographic demanding situations in modern agriculture practices.
Balancing the usage of artificial and organic fertilizers is essential to mitigate their bad impacts and conserve resources. As per an article by Science Direct, recent trends in excessive input farming structures have witnessed the extreme utility of chemical fertilizers containing nitrogen, phosphorus, or potassium to meet escalating agricultural demands. Still, only a fragment (30-40%) of those vitamins are absorbed by plants because of low fertilizer-use efficiency, contributing to environmental pollutants. Consequently, pursuing sustainable and green technology gives enormous potentialities for tackling environmental, social, and financial challenges while propelling growth in the worldwide fertilizer market. Notably, Stamicarbon's introduction of the Stami Green Ammonia Technology in 2021 exemplifies this shift, utilizing renewable resources instead of fossil fuels to take away carbon emissions from manufacturing, for that reason, fostering sustainable and environmentally pleasant fertilizer manufacturing. Hence, the Global Fertilizer Market reached US$ 192.56 Billion in 2023.
Government rules and subsidies considerably influence the fertilizer market, exemplified by projects like the USDA's $500 million Fertilizer Production Expansion Program in 2022 to reinforce home production, rural activity advent, and farmer options. The application's funding was elevated to $900 million in response to demand by June 2023. Similarly, in 2022, India's Department of Fertilizer carried out schemes like the Urea Subsidy Scheme, Nutrient Subsidy Scheme (NBS), and Direct Benefit Transfer (DBT) to ensure sufficient fertilizer availability for farmers. The One Nation, One Fertilizers scheme further streamlined supply, reducing farmer choice-making burdens. Efforts to improve retail infrastructure included converting stores into model fertilizer facilities, with 600 at the district degree becoming the Pradhan MantriKisanSamridhi Kendra.
In March 2023- Windfall Bio, an ag-tech company, raised $9M in seed funding from UNTITLED and Mayfield. They're developing the first-ever methane-to-organic fertilizer solution, which will reduce harmful emissions and create a sustainable alternative to traditional fertilizers.
In October 2023- Uterra, a leading agriculture and real estate company, plans a USD 20 million investment in Ras Al Khaimah, UAE. Attaining a 33,000 m2 plot, they'll have micro-biological organic fertilizer for crop fitness in agriculture.
2. Phosphorus
3. Potassium
2. Inorganic
2. Liquid
2. Horticulture
3. Gardening
4. Others
2. Vegetables
3. Fruits/Treenuts
4. Roots/Tubers
5. Sugar Crops
6. Fibre Crops
7. Other Oil Crops
8. Oil Palm
9. Soybeans
10. Other Cereals
11. Maize
12. Rice
13. Wheat
14. Other
1.1 United States
1.2 Canada
2. Europe
2.1 Russia
2.2 Ukraine
2.3 Germany
2.4 Italy
2.5 United Kingdom
2.6 Turkey
3. Asia Pacific
3.1 China
3.2 India
3.3 Pakistan
3.4 Bangladesh
3.5 Indonesia
3.6 Vietnam
3.7 Australia
4. Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
5. Rest of World
2. K+S AG
3. CF Industries Holdings
4. GrupaAzoty S.A
5. ICL Group
6. OCI NV
7. Sociedad Quimica y Minera de Chile SA
8. BASF SE
9. PhosAgro
From 2024 to 2030, a compound annual growth rate (CAGR) of 3.80% in the global fertilizer market is anticipated
The developing global population, which passed eight billion humans according to the United Nations in November 2022, coupled with an increasing demand for meals, is fueling the expansion of the global fertilizer market. With agriculture already using 50% of the Earth's liveable land, consuming 70% of freshwater, and contributing to 1/4 of world greenhouse gas emissions, it's critical to reinforce agricultural productivity to meet escalating meal requirements. Fertilizers are pivotal in present-day agriculture, addressing this need by delivering vital nutrients to crops, fostering soil fertility, and augmenting crop yields.Balancing the usage of artificial and organic fertilizers is essential to mitigate their bad impacts and conserve resources. As per an article by Science Direct, recent trends in excessive input farming structures have witnessed the extreme utility of chemical fertilizers containing nitrogen, phosphorus, or potassium to meet escalating agricultural demands. Still, only a fragment (30-40%) of those vitamins are absorbed by plants because of low fertilizer-use efficiency, contributing to environmental pollutants. Consequently, pursuing sustainable and green technology gives enormous potentialities for tackling environmental, social, and financial challenges while propelling growth in the worldwide fertilizer market. Notably, Stamicarbon's introduction of the Stami Green Ammonia Technology in 2021 exemplifies this shift, utilizing renewable resources instead of fossil fuels to take away carbon emissions from manufacturing, for that reason, fostering sustainable and environmentally pleasant fertilizer manufacturing. Hence, the Global Fertilizer Market reached US$ 192.56 Billion in 2023.
Government rules and subsidies considerably influence the fertilizer market, exemplified by projects like the USDA's $500 million Fertilizer Production Expansion Program in 2022 to reinforce home production, rural activity advent, and farmer options. The application's funding was elevated to $900 million in response to demand by June 2023. Similarly, in 2022, India's Department of Fertilizer carried out schemes like the Urea Subsidy Scheme, Nutrient Subsidy Scheme (NBS), and Direct Benefit Transfer (DBT) to ensure sufficient fertilizer availability for farmers. The One Nation, One Fertilizers scheme further streamlined supply, reducing farmer choice-making burdens. Efforts to improve retail infrastructure included converting stores into model fertilizer facilities, with 600 at the district degree becoming the Pradhan MantriKisanSamridhi Kendra.
The demand for phosphorus is projected to increase in the global fertilizer market
Based on types, the Global Fertilizer Market is broken up into Nitrogen (Ammonia (N), Ammonium Nitrate (N), Ammonium Phosphate (N), Ammonium Sulphate (N), Calcium Ammonium Nitrate (N), Potassium Nitrate (N), Urea (N), Urea Ammonium Nitrate (N), NK (N), NPK (N), NP (N), and Other segments), Phosphorus, and Potassium fertilizers. Phosphorus is expected to grow in the global fertilizer market. This is because of its vital position in providing plant growth and increasing agricultural productivity. As the demand for food increases with population expansion, phosphorus-based fertilizers are crucial for reinforcing crop yields and making sure meal protection is international.It is predicted that rice will have a notable share in the global fertilizer market
The Global Fertilizer Market is categorized into various crop types such as Grassland, Vegetables, Fruits/Treenuts, Roots/Tubers, Sugar Crops, Fibre Crops, Other Oil Crops, Oil Palm, Soybeans, Other Cereals, Maize, Rice, Wheat, and Others. Rice is predicted to have a vast share within the global fertilizer market, attributed to its popularity as a staple meal crop for billions worldwide. As the demand for rice increases with the population boom and changing nutritional habits, the need for fertilizers to optimize yields becomes essential for meeting food demands.It is anticipated that Brazil will have a significant impact on the worldwide fertilizer industry
The Global Fertilizer Market is divided by country, including China, India, Brazil, USA, Indonesia, Pakistan, Russia, Canada, Australia, Bangladesh, Ukraine, Vietnam, Turkey, Argentina, Mexico, Germany, Italy, United Kingdom, and the rest of the world. Brazil is predicted to play a tremendous role in the global fertilizer market. This is because of its enormous agricultural region, which calls for good-sized fertilizer for crop production. According to the USDA, Brazil has a sizable capability for elevated agricultural productiveness because of its expansive arable land. Over the past decade, Brazil has grown considerably in agriculture and livestock manufacturing, doubling agricultural output and cattle production tripling. As one of the pinnacle producers of 34 commodities and the most important net exporter globally, Brazil's agricultural exports of soybeans and sugarcane have surged. This has brought about an upward push in fertilizer intake inside the country. To preserve agricultural enlargement and enhance export competitiveness.Key Players
Prominent companies operating in the global fertilizer market comprise Yara International ASA, K+S AG, CF Industries Holdings, GrupaAzoty S.A, ICL Group, OCI NV, SociedadQuimica y Minera de Chile SA, BASF SE., and PhosAgro.In March 2023- Windfall Bio, an ag-tech company, raised $9M in seed funding from UNTITLED and Mayfield. They're developing the first-ever methane-to-organic fertilizer solution, which will reduce harmful emissions and create a sustainable alternative to traditional fertilizers.
In October 2023- Uterra, a leading agriculture and real estate company, plans a USD 20 million investment in Ras Al Khaimah, UAE. Attaining a 33,000 m2 plot, they'll have micro-biological organic fertilizer for crop fitness in agriculture.
Type - Global Fertilizer Market breakup from 3 viewpoints:
1. Nitrogen (Nitrates, Urea, UAN, Compound Fertilizer, and Others)2. Phosphorus
3. Potassium
Category - Global Fertilizer Market breakup from 2 viewpoints:
1. Organic2. Inorganic
Forms - Global Fertilizer Market breakup from 2 viewpoints:
1. Dry2. Liquid
Application - Global Fertilizer Market breakup from 4 viewpoints:
1. Agriculture2. Horticulture
3. Gardening
4. Others
Crops - Global Fertilizer Market breakup from 14 viewpoints:
1. Grassland2. Vegetables
3. Fruits/Treenuts
4. Roots/Tubers
5. Sugar Crops
6. Fibre Crops
7. Other Oil Crops
8. Oil Palm
9. Soybeans
10. Other Cereals
11. Maize
12. Rice
13. Wheat
14. Other
Countries - Global Fertilizer Market breakup of 19 Countries Covered in the Report:
1. North America1.1 United States
1.2 Canada
2. Europe
2.1 Russia
2.2 Ukraine
2.3 Germany
2.4 Italy
2.5 United Kingdom
2.6 Turkey
3. Asia Pacific
3.1 China
3.2 India
3.3 Pakistan
3.4 Bangladesh
3.5 Indonesia
3.6 Vietnam
3.7 Australia
4. Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
5. Rest of World
All companies have been covered from 3 viewpoints:
- Overview
- Recent Development
- Revenue
Company Analysis:
1. Yara International ASA2. K+S AG
3. CF Industries Holdings
4. GrupaAzoty S.A
5. ICL Group
6. OCI NV
7. Sociedad Quimica y Minera de Chile SA
8. BASF SE
9. PhosAgro
Table of Contents
1. Introduction2. Research Methodology3. Executive Summary
4. Market Dynamics
5. Global Fertilizer Market and Volume
6. Market Share - GlobalFertilizer Market
7. Volume Share - Global Fertilizer
8. Type - Global Fertilizer Market and Volume
9. Nitrogen Fertilizers - Global Fertilizer Market
10. Category - Global Fertilizer Market
11. Form - Global Fertilizer Market
12. Application - Global Fertilizer Market
13. Crop - Global Fertilizer Market
14. Countries - Global Fertilizer Market
15. Porter’s Five Forces Analysis - Global Fertilizer Market
16. SWOT Analysis - Global Fertilizer Market
17. Key Players Analysis
List of Figure
List of Tables
Companies Mentioned
- Yara International ASA
- K+S AG
- CF Industries Holdings
- GrupaAzoty S.A
- ICL Group
- OCI NV
- Sociedad Quimica y Minera de Chile SA
- BASF SE
- PhosAgro
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 350 |
| Published | March 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 192.56 Billion |
| Forecasted Market Value ( USD | $ 250 Billion |
| Compound Annual Growth Rate | 3.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
