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Fertilizers Market

Fertilizers Market Size, Share, Competitive Landscape and Trend Analysis Report by Product Type, Form, Specialty Type and Application: Global Opportunity and Industry Forecast (2024-2030)

Report ID:

1003

Industry:

FMCG

Published on:

May 2025

Fertilizers Market Summary

Global Fertilizers Market size was valued at USD 208.88 Billion in 2024 and is expected grow to USD 263.46 Billion by 2030, growing at a CAGR of 3.36 % during the forecast period (2025-2030).

Fertilizers Industry Trends and Analytical Insights -

  • Asia-Pacific Fertilizers Market was the largest revenue generating region market in year 2024, with market share accounted for 50.2 %.

  • In 2024, By Product Type, Nitrogenous Fertilizers dominated the Fertilizers Market, accounted for 56.3% market shares.

  • Leading Key players for Fertilizers Market in 2024 was CF Industries, Nutrien Ltd., The Mosaic Company and Yara International.

Market Size & Forecast

  • Market Size 2024: USD 208.88 Billion

  • Projected Market Size 2030: USD 263.46 Billion

  • CAGR (2024-2030): 3.36%

  • Asia-Pacific: Dominating market in 2024

Fertilizer Market Overview

In 2024, the Fertilizers Market recorded a total consumption exceeding 185 million metric tons. This convention was the result of a nutrient application volume that grew by more than 12% over the last five years. The maximum share of around 56% was taken by nitrogenous fertilizers industry in total consumption, while the contributions of phosphatic and potash came to 26% and 14%, respectively. Agricultural productivity in developing countries grew almost 18% since its the adoption of fertilizers and better soil nutrient management. Moreover, the application of chemical or blended fertilizers accounted for nearly 70% of global farmland, showing a close dependence on nutrient supply for crop yield maintenance against declining arable land and increasing global food demand in Fertilizers Market.

The Fertilizers Market remained to gain positive energy from the commitment of farmers to the sustainable and balanced application of nutrients. From 2020 through 2024, the global investments made in fertilizer manufacturing plants exceeded USD 30 billion. The major objectives of this investment are to modernize the procedures and to lower carbon emissions in Fertilizers Market. The demand for specialty fertilizers, for instance, the slow-release and water-soluble ones, raised by more than 20% over the same period. The main reason for this increase was the adoption of precision farming practices. Moreover, the use of digital platforms and soil health management technologies has been rapidly growing in such markets as North America and Europe, which leads to more efficient fertilizer use and better crop yield globally in Fertilizers Industry.

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Fertilizer Market Dynamics

The Fertilizers industry was primarily driven by the rising demand for food owing to population growth and increased consumption of high-yield crops. Fertilizer application was vital in enhancing soil nutrient levels and ensuring high agricultural productivity, especially in intensively farmed regions. The consumption of nitrogen, phosphorus, and potassium-based fertilizers remains high for crops such as maize, rice, and wheat, which collectively account for over half of global fertilizers market usage. Additionally, bioethanol production particularly in the U.S. has increased the demand for corn, further intensifying fertilizer use.

Despite optimistic demand, the Fertilizers industry faced several restraining forces. The high dependency on natural gas for nitrogen fertilizer production creates volatility in supply and pricing. In early 2025, fertilizer prices surged again since of a 54% increase in gas costs in Europe, causing temporary production cutbacks in Egypt and Iran two major urea producers. Geopolitical tensions and trade barriers, such as sanctions on Russia and Belarus, have disrupted potash and phosphate exports in Fertilizers industry.

As the world shifts toward sustainability and food system resilience, the Fertilizers Market was controlled for strategic growth in Fertilizers Market. The rapid development of green ammonia and blue hydrogen-based nitrogen fertilizers presents an opportunity to decarbonize production, aligning with global climate goals. Green ammonia capacity was expected to grow by 5.3 Mt N by 2028, driven by investments in the US, China, and the Middle East. Precision agriculture and nutrient management technologies offer avenues for more efficient Fertilizers industry use, improving yields while reducing environmental harm.

Expert Insight:

The fertilizer market is entering a transformation phase driven by sustainability, technology, and food security imperatives. While global demand remains high due to intensive crop cultivation, producers are increasingly investing in eco-friendly innovations such as green ammonia and precision nutrient management. Digital agriculture tools and data-driven soil monitoring are improving efficiency and reducing environmental impact. However, volatility in natural gas prices and geopolitical tensions continue to challenge supply stability, making localization, diversification, and low-carbon production key strategic priorities for the coming years.

Fertilizer Market Segmentation

The Fertilizers Market is segmented into by Type, Product and Service.

By Product

Based on Product the Fertilizers industry is segmented into Nitrogenous Fertilizers, Phosphatic Fertilizers, Potash Fertilizers, Secondary Macronutrient Fertilizers and Micronutrient Fertilizers. Among this Nitrogenous Fertilizers dominated the fertilizers market accounted for 56.3 % of total Fertilizers Market shares. This dominance was primarily driven to the crucial role nitrogen plays in promoting plant growth, chlorophyll formation, and overall crop industry productivity. Nitrogenous fertilizers, such as urea and ammonium nitrate, are widely used across various crops and vegetables since their effectiveness in enhancing yield and plant health for Fertilizers industry.

By Crop Type

Based on Crop Type the Fertilizers industry is segmented into Grains and Cereals, Pulses and Oilseeds, Fruits and Vegetables, Flowers and Ornamentals and Others. Among this Grains and Cereals dominated the Fertilizers Market accounted for 45.8 % of total Fertilizers Market shares. This dominance was primarily driven by the broad cultivation of staple crops such as rice, wheat, and maize, which form the foundation of global food security and human consumption. As these crops occupy the largest share of land globally, they require substantial fertilizers inputs to maintain soil fertility and achieve higher yields.

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Fertilizer Market Regional Analysis

Asia-Pacific dominated the Fertilizers Market accounted for 50.2 % of total market shares. In 2024, China's output of urea and phosphate-based products surged since its capacity growth and robust domestic demand for rice and wheat. India remains heavily reliant on urea imports however was investing in domestic capacity. North America was a major producer and consumer of fertilizers, particularly nitrogen-based products. The U.S. leads in fertilizer innovation, especially in blue ammonia. Despite gas price fluctuations, stable application rates were maintained owing to crop price support.

Europe’s Fertilizers Market was developved by strict environmental regulations and volatile energy costs. The EU’s Green Deal was reducing reliance on conventional fertilizers, and the region was increasingly importing nitrogen products from the Middle East and Africa. Latin America, led by Brazil, has seen strong fertilizer demand recovery. Brazil's imports of potash and phosphate fertilizers grew owing to competitive pricing and high demand for soybeans, corn, and sugarcane. The Middle East was a global hub for nitrogen fertilizer production, particularly blue and green ammonia. In Africa, consumption remains low in Fertilizers industry but growing since its policy support and infrastructure development, especially in Nigeria, Kenya, and Ethiopia.

Fertilizer Market Competitive Landscape

The Fertilizers Market was moderately associated, with a few large multinational companies dominated production and trade by year 2024. CF Industries leads the Fertilizers Market since its nitrogen innovation, trading below sector valuation with strong growth in low-carbon ammonia. Nutrien Ltd. and Mosaic Co. dominated potash and phosphate markets, respectively. Yara International (Norway) was prominent in Europe with a focus on green fertilizers. In Asia, PhosAgro and ICL Group lead phosphate and specialty fertilizer segments. In the Middle East, QAFCO and SAFCO are key nitrogen exporters, while Oman and Iran were emerging green ammonia hubs. OCP Group (Morocco) dominated phosphate exports in Africa. New investments in blending and logistics are strengthening fertilizer availability across the Global South.

Fertilizers Market Scope:

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Fertilizers Market Key Players –

  1. CF Industries (USA)

  2. Nutrien Ltd. (Canada)

  3. The Mosaic Company (USA)

  4. Yara International (Norway)

  5. PhosAgro (Russia)

  6. ICL Group (Israel)

  7. OCP Group (Morocco)

  8. QAFCO (Qatar)

  9. SAFCO (Saudi Arabia)

  10. Indorama Eleme Fertilizer (Nigeria)

  11. Sinofert Holdings (China)

  12. Koch Fertilizer (USA)

  13. EuroChem Group (Switzerland/Russia)

  14. Haifa Group (Israel)

  15. Coromandel International (India)

Frequently Ask Questions – 

1) Who are the major Key players of Fertilizers Market?

Ans - The major key players CF Industries, Nutrien Ltd., The Mosaic Company, Yara International and PhosAgro.

2) Which Region accounted highest share of the Fertilizers Market in 2024?

Ans - Asia Pacific region accounted highest share of the Fertilizers Market.

3) What was the market size of Fertilizers Market in 2024?

Ans - In 2024, market size of the Fertilizers Market was USD 208.88 Billion.

4) Which Segment is expected to lead the Fertilizers Market during forecast period?

Ans - Product Segment was the top segment hold the largest share in Fertilizers Market.

5) What will be the market size of Fertilizers Market in 2030?

Ans - The market size of Fertilizers Market in 2030 will be USD 263.46 Billion.

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