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Fertilizer Market Size, Share, Trends, Growth and Forecast 2025-2033

Posted by rockyrai on January 10, 2025 - 5:24am

Global Fertilizer Industry: Key Statistics and Insights in 2025-2033

Summary:

  • The global fertilizer market size reached USD 182.3 Billion in 2024.
  • The market is expected to reach USD 246.6 Billion by 2033, exhibiting a growth rate (CAGR) of 3.07% during 2025-2033.
  • Asia Pacific leads the market, accounting for the largest fertilizer market share.
  • Straight fertilizersaccount for the majority of the market share in the product segment as they provide essential nutrients directly to the soil and promote vigorous plant growth and higher yields.
  • Dryholds the largest share in the fertilizer industry.
  • Grains and cereals remain a dominant segment in the market due to the population growth.
  • The rising population and food demand is a primary driver of the fertilizer market.
  • Increasing agricultural productivity requirements and soil degradation and nutrient deficiency are reshaping the fertilizer market.

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Industry Trends and Drivers:

  • Growing Population and Food Demand:

The escalating adoption of fertilizers on account of rising food demand and high population levels is propelling the market growth. To meet this growing need, agricultural production must increase significantly, which is where fertilizers play a pivotal role. Fertilizers are essential for enhancing crop yields, ensuring food security, and maximizing agricultural productivity on limited arable land. Without sufficient nutrient replenishment, soil fertility diminishes over time, leading to lower crop outputs. Fertilizers, particularly nitrogen, phosphorus, and potassium compounds, help farmers achieve higher productivity per hectare. Countries with rapidly expanding populations, such as India, China, and various African nations, are seeing especially high demand for fertilizers.

  • Rising Agricultural Productivity Requirements:

To sustain global food supply, agricultural productivity must continuously improve, especially as land for cultivation becomes scarce. Fertilizers are key in meeting these productivity demands by supplying essential nutrients to the soil and plants, enhancing yield potential. Farmers increasingly adopt fertilizers to improve output efficiency in the face of challenges, such as soil degradation, climate variability, and pest pressures. As crop quality and quantity are directly linked to nutrient availability, fertilizers enhance plant growth by promoting better root development, stronger stems, and more abundant fruiting. This need is particularly vital in regions where soil health is deteriorated due to overuse or erosion.

  • Soil Degradation and Nutrient Deficiency:

Soil degradation is a major concern for global agriculture, affecting world’s land surface. Over-cultivation, deforestation, and poor farming practices are leading to a decrease in soil fertility, requiring external inputs like fertilizers to restore nutrient balance. Soil degradation results in lower organic matter, reduced water retention, and diminished capacity to support crops, which necessitates increased fertilizer use to replenish essential nutrients. Nitrogen, phosphorus, and potassium are often depleted from soils due to continuous cropping without adequate nutrient replacement. To combat these deficiencies, farmers rely on fertilizers to maintain soil health and ensure productive harvests. This trend is especially pronounced in regions with intensive agricultural activities, where nutrient cycles are disrupted.

Fertilizer Market Report Segmentation:

Breakup By Product Type:

  • Chemical Fertilizer
  • Biofertilizers

Straight fertilizers account for the majority of shares as they provide essential nutrients directly to the soil and promote vigorous plant growth and higher yields.

Breakup By Product:

  • Straight Fertilizers
  • Nitrogenous Fertilizers
    • Urea
      • Calcium Ammonium Nitrate
      • Ammonium Nitrate
      • Ammonium Sulfate
      • Anhydrous Ammonia
      • Others
      • Phosphatic Fertilizers
    • Mono-Ammonium Phosphate (MAP)
      • Di-Ammonium Phosphate (DAP)
      • Single Super Phosphate (SSP)
      • Triple Super Phosphate (TSP)
      • Others
      • Potash Fertilizers
    • Muriate of Potash (MoP)
      • Sulfate of Potash (SoP)
      • Secondary Macronutrient Fertilizers
    • Calcium Fertilizers
      • Magnesium Fertilizers
      • Sulfur Fertilizers
      • Micronutrient Fertilizers
    • Zinc
      • Manganese
      • Copper
      • Iron
      • Boron
      • Molybdenum
      • Others
      • Complex Fertilizers

Straight fertilizers hold the largest share in the market

Breakup By Product Form:

  • Dry
  • Liquid

Dry dominates the market on account of the rising need for longer shelf life.

Breakup By Crop Type:

  • Grains and Cereals
  • Pulses and Oilseeds
  • Fruits and Vegetables
  • Flowers and Ornamentals
  • Others

Grains and cereals represent the majority of shares due to the population growth.

Breakup By Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Asia Pacific enjoys the leading position owing to a large market for fertilizer driven by the thriving agriculture sector.

Top Fertilizer Market Leaders:

The fertilizer market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:

  • CF Industries
  • Haifa Group
  • Indian Farmers Fertiliser Co-operative Limited (IFFCO)
  • Israel Chemicals Ltd. (ICL)
  • Nutrien Limited
  • Sociedad Química y Minera (SQM)
  • The Mosaic Company
  • Uralkali
  • Yara International

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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