Chemical Fertilizers Market Report 2025

This Chemical Fertilizers market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.

The chemical fertilizers market size has grown strongly in recent years. It will grow from $192.5 billion in 2024 to $210.18 billion in 2025 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to agricultural productivity, global food demand, the advancements in fertilizer manufacturing and distribution technologies, shifts in farming practices, soil depletion.

The chemical fertilizers market size is expected to see strong growth in the next few years. It will grow to $284.96 billion in 2029 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to sustainable agriculture, climate change impact, precision agriculture, regulatory changes, population growth and urbanization. Major trends in the forecast period include customized fertilizer blends, slow-release and controlled-release fertilizers, biofertilizers and biostimulants, nutrient management technology, organic farming and organic fertilizers.

Farmers across the globe are increasingly adopting intensive farming techniques to enhance productivity per hectare. Intensive farming represents an agricultural intensification and mechanization approach designed to optimize yields from available land by employing various methods, including the extensive use of pesticides and chemical fertilizers. These techniques play a crucial role in addressing the increasing food demand driven by a growing population and mitigating the risk of food shortages. It's worth noting that certain intensive farming practices, such as monoculture, contribute to the heightened demand for fertilizers. Monoculture involves the concentrated cultivation of a single type of crop over a significant land area, which can deplete soil nutrients and lead to heavy reliance on synthetic fertilizers.

The adoption of precision agriculture technologies is anticipated to drive the growth of the chemical fertilizer market in the coming years. Precision agriculture technologies involve the use of data-driven tools and practices to enhance crop and livestock production, resulting in greater efficiency and sustainability. These technologies rely on real-time data to apply fertilizers precisely where and when they are most needed, reducing waste and optimizing nutrient delivery. Chemical fertilizers complement precision agriculture by enabling targeted nutrient application, boosting crop yield and efficiency while reducing environmental impact through data-informed approaches and site-specific management. For example, in January 2024, the Government Accountability Office, a US-based government agency, reported that 27% of farms and ranches in the U.S. adopted precision agriculture practices for crop and livestock management in 2023. Consequently, the adoption of precision agriculture technologies is fueling the growth of the chemical fertilizer market.

Major players in the chemical fertilizers market are prioritizing the development of technologically advanced solutions, such as water-soluble micronutrients and N-P-K fertilizers, to address critical industry demands. These water-soluble fertilizers dissolve in water for easy application, providing essential nutrients that enhance plant health and boost crop yields. For example, in June 2023, ICL, an Israel-based manufacturing company, introduced a range of water-soluble micronutrient and N-P-K fertilizers. The products - Nova FINISH, Nova PULSE, Nova ELEVATE, and Nova FLOW - are designed for foliar and fertigation applications, delivering high-purity nutrients tailored to the specific needs of crops. These fertilizers maximize solubility and are compatible with most herbicides, helping to address nutrient deficiencies and minimize plant stress. Jason Haegele, ICL's North American Agronomy Lead, emphasized the importance of these solutions for growers confronting unique crop nutrition challenges.

In February 2022, a collaboration between the Environmental Protection Agency (EPA) and the US Department of Agriculture (USDA) was initiated to address and advance agricultural sustainability in the United States by mitigating negative impacts and developing next-generation fertilizers. This cooperative effort involves key stakeholders, including representatives from corn growers, fertilizer companies, university researchers, and various environmental and industry non-governmental organizations. The collaboration revolves around two distinct challenges designed to expedite the creation and adoption of cost-effective innovations, both existing and novel, aimed at reducing the environmental footprint of corn production in the United States. The outcomes of this partnership have the potential to enhance crop productivity not only in the United States but also in other regions. The USDA is a federal government agency in the United States responsible for formulating and enforcing legislation related to agriculture, forestry, rural economic development, and food.

Major companies operating in the chemical fertilizers market include Sinopec Limited, Yara International ASA (ADR), Guardian Industries LLC, Nutrien Ltd., Marubeni Corporation, Mitsui & Co. Ltd., BASF SE, CF Industries Holdings Inc., Israel Corp Ltd., Sinofert Holdings Limited, Central Farmers Fertilizers Industries, The Mosaic Company, Haifa Group, Indian Farmers Fertiliser Co-operative Limited (IFFCO), Oriental Chemicals Iimited, Abu Qir Fertilizers and Chemicals, Acron Group, Intrepid Potash Inc., EuroChem Group AG, Uralkali, PhosAgro, PotashCorp, Agrium, Kali und Salz (K+Z), Coromandel International Limited, Gujarat State Fertilizers & Chemicals Ltd., Chambal Fertilisers and Chemicals Limited, Rashtriya Chemicals & Fertilizers Ltd., Deepak Fertilisers and Petrochemicals Corporation Ltd., Zuari Agro Chemicals Ltd., National Fertilizers Limited, Fertiberia, Office Chérifien des Phosphates (OCP) Group, Sociedad Química y Minera de (SQM), Potash Ridge Corporation.

Chemical fertilizers are man-made compound substances designed to enhance crop yields. These fertilizers are manufactured using a combination of ingredients, including sewage or animal waste, as well as nitrogenous or phosphatic materials.

The primary categories of chemical fertilizers include nitrogen fertilizers, phosphate fertilizers, and potash fertilizers. Nitrogen fertilizers involve the addition of substances like nitrates or manure to soil or water in order to boost productivity. These fertilizers are applied to a variety of crop types, including cereals, oilseeds, vegetables, fruits, and other categories. They come in different forms, such as solid, liquid, and gaseous, and are available in various product types, including complex fertilizers, dap, mop, urea, ssp, and others. The methods for applying these fertilizers include broadcasting, drop spreading, fertigation, and foliar spray.

The chemical fertilizers market research report is one of a series of new reports that provides chemical fertilizers market statistics, including chemical fertilizers industry global market size, regional shares, competitors with a chemical fertilizer market share, detailed chemical fertilizer market segments, market trends and opportunities, and any further data you may need to thrive in the chemical fertilizer industry. This chemical fertilizer market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Asia-Pacific was the largest region in the chemical fertilizers market in 2024. North America was the second-largest region in the chemical fertilizers market. The regions covered in the chemical fertilizers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the chemical fertilizers market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The chemical fertilizer market consists of the sales of phosphorus fertilizers, calcium, magnesium and sulphur fertilizers, micronutrient fertilizers, and Inhibitors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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