10% Free customization
The connection between the global agricultural landscape and fertilizer use is complex and essential for boosting productivity. Major agricultural nations, including China and India, heavily depend on fertilizers, with China leading in nitrogen fertilizer consumption, crucial for the cultivation of staple crops like rice and wheat. In the United States, the combination of modern farming techniques and extensive fertilizer application has significantly increased yields of corn and soybeans, establishing the country as a major exporter of these products. Meanwhile, Brazil's growing agricultural sector is increasingly reliant on fertilizers to fulfil both domestic and international soybean and sugarcane demands.This report comes with 10% free customization, enabling you to add data that meets your specific business needs.
1h Free Analyst TimeSpeak directly to the analyst to clarify any post sales queries you may have.
As urbanization continues to diminish available farmland, the necessity for effective fertilizer application becomes even more pressing to maintain food production levels. The trend towards sustainable agriculture is also noteworthy; European countries are advocating for organic fertilizers to lessen environmental impacts while preserving crop productivity. Additionally, advancements in precision agriculture are optimizing fertilizer application, ensuring that nutrients are delivered more effectively, thereby enhancing crop health and reducing waste. This changing landscape emphasizes the vital role of fertilizers in global agriculture as it responds to the challenges of population growth and evolving dietary preferences.
According to the research report, the market is expected to cross USD 272 Billion market size by 2029, increasing from USD 222 Billion In 2023. The global market is forecasted to grow with 3.14% CAGR by 2024-29. The global fertilizer market is poised for significant growth, driven by increasing agricultural demands and evolving farming practices. Key trends include a shift towards sustainable and organic fertilizers as consumers become more environmentally conscious. Countries like China and India are at the forefront of this transformation, given their vast agricultural sectors and high population densities. China remains the largest producer and exporter of fertilizers, significantly influencing global supply dynamics.
In North America, the United States and Canada are major players, focusing on innovative fertilizer technologies to enhance crop yields while addressing environmental concerns. Europe is also adapting, with countries like France leading in the adoption of specialty fertilizers to meet rising organic product demands. Additionally, advancements in precision agriculture are reshaping how fertilizers are applied, maximizing efficiency and minimizing waste. This trend is particularly evident in Asia-Pacific, where technological integration is enhancing productivity. As urbanization continues to encroach on arable land, the need for effective fertilization methods becomes even more critical, positioning the fertilizer market for robust expansion in the coming years.
Plants provide food, fiber, shelter and a host of other welfare and fertilizer plays a significant role in this process. The world’s population is expected to increase by 2 billion persons in the next 30 years, from 7.7 billion currently to 9.7 billion in 2050 (Source: United Nations). So in order to fulfill the increased global food demand fertilizers will be needed more than ever to boost crop production to keep people fed and healthy. A fertilizer is a product containing various types of nutrients by which plants can grow more efficiently. Crop nutrients not only enhance the growth of plants but also aid the fertility of the soil with various numerous minerals and other elements. It is available in varied forms like solid and liquid.
The market has distinct types of fertilizers available specific to their need, so it is beneficial to have in-depth knowledge of their types before utilizing them. The chemical fertilizer is mainly sub-divided into three major nutrients as Nitrogenous fertilizer, Phosphate fertilizer & Potash fertilizer. The complex fertilizer has its own dominance because it contains two or more than two nutrients within it in order to provide multiple nutrients and solutions. The global fertilizer market is witnessing dynamic growth across various product segments, including nitrogenous, phosphatic, and potash fertilizers. Urea remains the most widely used nitrogenous fertilizer due to its high nitrogen content, particularly in countries like China and India, where agricultural output is heavily reliant on effective fertilization. In addition, calcium ammonium nitrate (CAN) and ammonium nitrate (AN) are gaining traction for their efficiency in enhancing crop yields. Phosphate fertilizers such as DAP (Diammonium Phosphate) and MAP (Monoammonium Phosphate) are crucial for crops requiring phosphorus, with significant consumption in regions like North America and Southeast Asia. Potassium chloride (MOP/KCl) is essential for potassium supply, particularly in Brazil and Canada, which are major producers of potassium-rich crops like soybeans and canola. The complex fertilizers segment is also expanding as farmers seek tailored nutrient solutions to meet specific crop needs. As sustainability becomes a priority, there is a noticeable shift towards organic and specialty fertilizers across Europe and the Americas.
The global fertilizer market is experiencing notable growth across various application segments, particularly in vegetables and fruits, cereals and grains, oilseeds and pulses, and other crops. The vegetables and fruits segment is leading this growth due to rising consumer demand for fresh produce and the increasing popularity of organic farming practices. Countries like the United States and Brazil are significant players, with the U.S. being a top producer of vegetables such as potatoes and tomatoes, while Brazil excels in fruit exports.
The cereals and grains segment remains robust, driven by the need for staple crops like rice and wheat, especially in Asia, where countries like China and India are major consumers of fertilizers to boost yields. Oilseeds and pulses are also gaining traction, with the demand for soybeans surging in South America, particularly in Brazil and Argentina. The trend towards precision agriculture is enhancing fertilizer efficiency across all segments, contributing to sustainable farming practices.
The global fertilizer market is witnessing significant growth in the physical formulation segment, particularly between dry and liquid fertilizers. Dry fertilizers dominate the market due to their practical advantages, including ease of storage, handling, and transportation. They are widely used in agriculture, especially in major producing countries like China and India, where nitrogenous fertilizers such as urea and ammonium nitrate are essential for enhancing crop yields. The dry segment benefits from innovations like controlled-release formulations, which improve nutrient efficiency and reduce environmental impacts.
In contrast, liquid fertilizers are gaining traction for their rapid nutrient availability and ease of application, particularly in precision agriculture practices. Countries like the United States and Brazil are increasingly adopting liquid fertilizers to optimize crop nutrition and enhance productivity in diverse farming systems. The trend towards sustainable agriculture is also influencing both segments; farmers are seeking eco-friendly options that minimize nutrient runoff while maintaining soil health. As the global population continues to rise, the demand for both dry and liquid fertilizers is expected to grow, with advancements in technology further driving efficiency and effectiveness across these formulations. This evolving landscape highlights the critical role of fertilizers in meeting the food security challenges of the future.
Asia-Pacific has the largest fertilizer market in terms of both by value & by volume followed by Europe and North America. In nitrogenous fertilizer, Asia-Pacific covers around half of the market share worldwide. On the other hand North America, South America & MEA contributes more than 25% of the market share. China is the market leader followed by India, USA, & Brazil. Canada is the largest producer and exporter of Potash fertilizer while the USA consumes most of the potash fertilizer. In complex fertilizer India & Russia has a remarkable market share.
COVID-19 Impacts:
The fertilizer industry has not been significantly affected by COVID-19 because many countries have exempted the segment during the lockdown period. Though the lack of the supply of raw materials & manpower the market had gotten away from it y-o-y growth. The economic issues are now being felt in the regions where the coronavirus is increasing, such as Asia, America and Europe. During the COVID-19 the fundamentals of the fertilizer industry are strong even during the crisis.The demand is driven by the increasing use of crop nutrients in crop production to fulfill the growing food demand. There are some crucial factors for stable global fertilizer consumption like population growth, growth of the world GDP, alternative uses of crops, etc. So in order to maintain the growth of the current and future coming problems the agriculture’s R&D departments are persevering.
Major Companies present in the market:
The Mosaic Company, Yara International, Nutrien Limited, K+S Aktiengesellschaft, OCP Group, CF Industries Holdings, Sociedad Química y Minera de Chile (SQM), National Fertilizers Limited Coromandel International Limited, EuroChem Group, Wesfarmers, Indian Farmers Fertilizer Co-operative Limited (IFFCO)Considered In the Report
- Geography: Global
- Historical year: 2018
- Base year: 2023
- Estimated year: 2024
- Forecasted year: 2029
Aspects covered in this report
- Global Fertilizer Market with its value and forecast along with its segments
- Region & country wise Fertilizer market analysis
- Application wise Fertilizer distribution
- Various drivers and challenges
- On-going trends and developments
- Top profiled companies
- Strategic recommendation
Regions covered in the report
- North America (US, Canada, Mexico)
- Europe (Germany, UK, France, Italy, Spain, Russia)
- Asia-Pacific (China, Japan, India, Australia)
- South America (Brazil, Argentina, Colombia)
- Middle-East & Africa (UAE, Saudi Arabia, South Africa)
By nutrient in the report
- Nitrogenous fertilizer (Urea, ammonium sulphate, Calcium ammonium nitrate/ ammonium nitrate, others UAN, anhydrous ammonia etc.)
- Phosphate fertilizer (Diammonium phosphate, monoammonium phosphate, others phosphate rock, superphosphates etc.)
- Potash fertilizer (Muriate of potash/potassium chloride, sulphate of potash others potassium nitrate etc.)
- Complex fertilizer (NPK, NK, PK, NP compounds etc.)
By Product type in the report:
- Urea
- Ammonium sulphate
- Calcium ammonium nitrate/ Ammonium nitrate
- Di-ammonium phosphate (DAP)
- Mono-ammonium phosphate (MAP)
- Muriate of potash (MOP)/ (KCl)
- Sulphate of potash (SOP)
- Complex (NPK, NK, PK, NP)
By physical formulation in the report:
- Dry
- Liquid
By Application in the report:
- Vegetable & Fruits
- Cereals & Grains
- Oilseeds & Pulses
- Others
The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases.After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.
Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to fertilizer industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.Table of Contents
1. Executive Summary5. Economic /Demographic Snapshot13. Strategic Recommendations15. Disclaimer
2. Market Dynamics
3. Research Methodology
4. Market Structure
6. Global Fertilizer Market Outlook
7. North America Fertilizer Market Outlook
8. Europe Fertilizer Market Outlook
9. Asia-Pacific Fertilizer Market Outlook
10. South America Fertilizer Market Outlook
11. Middle East & Africa Fertilizer Market Outlook
12. Competitive Landscape
14. Annexure
List of Figures
List of Tables
