The chemical fertilizers market size was over USD 190.97 billion in 2024 and is projected to reach USD 606.77 billion by 2037, witnessing around 9.3% CAGR during the forecast period i.e., between 2025-2037. Asia Pacific industry is predicted to dominate majority revenue share of 35% by 2037, driven by rising exports of agricultural and processed food products in the region.

Global Chemical Fertilizers market size is expected to reach $278.94 billion by 2029 at 6.5%, boosting agricultural productivity through intensive farming methods to meet growing food demand

Global chemical fertilizers market worth at USD 21.69 Billion in 2024, is expected to surpass USD 53.61 Billion by 2034, with a CAGR of 9.47% from 2025 to 2034.

TBRC global chemical fertilizers market report includes nitrogen fertilizers, phosphate fertilizers, potash fertilizers, cereals, oilseeds, vegetables, fruits

Chemical Fertilizers Market Outlook

The global chemical fertilizers market size is estimated to reach USD 210 billion by 2023 and is projected to grow to around USD 280 billion by 2032, at a compound annual growth rate (CAGR) of 3.2% during the forecast period. The growth of this market is primarily driven by the increasing global population, which necessitates higher agricultural productivity to meet the food demands. Additionally, the depletion of arable land and the need for efficient agricultural practices to enhance crop yields further boost the market growth.

The primary growth factor for the chemical fertilizers market is the rising demand for food due to the burgeoning global population. As the world population continues to grow, the necessity to increase food production has escalated significantly. This has led to increased adoption of chemical fertilizers as they are known to enhance crop yields and improve the efficiency of nutrient uptake by plants. Furthermore, advancements in agricultural technologies and the introduction of innovative fertilizer products that cater to the specific needs of different crops have further augmented the market growth.

Another crucial growth factor is the shrinking arable land due to urbanization and industrialization. As more land is converted for non-agricultural purposes, the available land for farming is decreasing. This situation has created an urgent need for fertilizers that can maximize crop yields in limited space, thereby driving the demand for chemical fertilizers. Moreover, the increasing awareness among farmers about the benefits of using chemical fertilizers, such as improved soil fertility and enhanced resistance to pests and diseases, also contributes to the market's expansion.

In the realm of agricultural advancements, Complex Fertilizers have emerged as a pivotal innovation, offering a blend of essential nutrients tailored to meet the diverse needs of crops. These fertilizers combine multiple nutrients into a single product, providing a balanced supply of macro and micronutrients essential for plant growth. The use of complex fertilizers not only simplifies the fertilization process for farmers but also enhances nutrient efficiency, reducing the need for multiple applications. As the demand for high-yield crops continues to rise, the adoption of complex fertilizers is expected to grow, driven by their ability to improve crop quality and yield. Moreover, the development of customized complex fertilizer formulations that cater to specific crop and soil requirements is anticipated to further boost their popularity among farmers.

The growing trend of precision farming and sustainable agricultural practices is also a significant driver for the chemical fertilizers market. Precision farming involves the use of advanced technologies to monitor and manage crops, which helps in the efficient use of resources, including fertilizers. The adoption of precision farming techniques is expected to increase the demand for specialized chemical fertilizers that are tailored to meet the specific needs of different crops and soil types. Furthermore, the increasing emphasis on sustainable agriculture, which focuses on minimizing environmental impact while maximizing productivity, is likely to boost the demand for eco-friendly and bio-based chemical fertilizers.

Regionally, Asia Pacific dominates the chemical fertilizers market, accounting for the largest share in terms of both production and consumption. The region's dominance can be attributed to the large agricultural sector in countries like China, India, and Indonesia. The high population density and the consequent demand for food in these countries drive the need for chemical fertilizers to enhance crop yields. Additionally, government initiatives and subsidies to promote the use of fertilizers and improve agricultural productivity further support market growth in this region. North America and Europe also hold significant market shares, driven by advanced agricultural practices and high adoption rates of precision farming technologies.

Mineral Fertilizers play a crucial role in modern agriculture, providing essential nutrients that are vital for plant growth and development. These fertilizers are derived from naturally occurring mineral deposits and are known for their high nutrient content and availability. The use of mineral fertilizers is particularly importan

The global chemical fertilizers market is experiencing robust growth, driven by increasing global food demand, expanding agricultural practices, and the rising adoption of high-yielding crop varieties. The market, valued at approximately $200 billion in 2025, is projected to witness a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033. This growth is fueled by several key factors, including government initiatives promoting sustainable agriculture, advancements in fertilizer technology leading to improved nutrient use efficiency, and increasing investments in agricultural research and development. Significant regional variations exist, with Asia-Pacific, particularly China and India, dominating the market due to their large agricultural sectors and growing populations. However, regions like North America and Europe are also expected to contribute substantially, driven by a focus on precision agriculture and environmentally friendly fertilizer solutions. The market is segmented by type (nitrogen, phosphorus, potassium, and compound fertilizers) and application (agriculture and horticulture). Nitrogen fertilizers currently hold the largest market share, reflecting their crucial role in plant growth. However, the demand for compound fertilizers is expected to grow at a faster rate due to their balanced nutrient composition and improved efficiency. The market faces certain restraints, including fluctuating raw material prices, environmental concerns related to fertilizer overuse, and stringent government regulations aimed at mitigating environmental impact. Major players in the market, including Sinochem, Hbyihua, Yuntianhua, Huajinchem, and others, are focusing on innovation, strategic partnerships, and expansion into new markets to maintain their competitive edge. The forecast period (2025-2033) presents significant opportunities for market expansion, especially with a focus on sustainable and precision fertilizer technologies that address the growing concerns about environmental sustainability and resource efficiency. This in-depth report provides a comprehensive analysis of the global chemical fertilizers market, valued at approximately $250 billion in 2023. It delves into market dynamics, competitive landscapes, and future growth projections, focusing on key players, production trends, and regional variations. The report utilizes robust data and insightful analysis to offer actionable strategies for businesses operating within this crucial sector. This report is essential for investors, manufacturers, distributors, and policymakers seeking to understand the complexities and opportunities within the chemical fertilizer industry. Keywords: Chemical Fertilizer Market, Fertilizer Production, Nitrogen Fertilizer, Phosphorus Fertilizer, Potassium Fertilizer, Compound Fertilizer, Agricultural Chemicals, Horticulture Fertilizers, Global Fertilizer Market.

The Fertilizers Market report segments the industry into Type (Complex, Straight, Nitrogenous, Phosphatic, Potassic, Secondary Macronutrients), Form (Conventional, Speciality), Application Mode (Fertigation, Foliar, Soil), Crop Type (Field Crops, Horticultural Crops, Turf & Ornamental) and Region (Asia-Pacific, Europe, Middle East & Africa, North America, South America).

Snapshot img

Fertilizers Market Size 2025-2029

The fertilizers market size is forecast to increase by USD 24.7 billion, at a CAGR of 2.2% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing demand for organic fertilizers and the adoption of high-efficiency fertilizers in the agriculture sector. Organic fertilizers are gaining popularity due to their environmental benefits and the growing consumer preference for sustainable farming practices. Meanwhile, high-efficiency fertilizers, which offer improved nutrient use efficiency and reduced environmental impact, are increasingly being adopted to enhance agricultural productivity. However, the market faces challenges, including health issues associated with fertilizer use. The potential health risks posed by excessive exposure to fertilizers, such as respiratory problems and skin irritation, are a concern for farmers and laborers. Furthermore, the volatility of raw material prices and the increasing regulatory pressure on fertilizer manufacturers to reduce their environmental footprint add complexity to the market landscape. To capitalize on opportunities and navigate these challenges, companies must focus on innovation, sustainability, and regulatory compliance. Strategic partnerships, research and development initiatives, and investments in technology can help companies differentiate themselves and stay competitive in this dynamic market.

What will be the Size of the Fertilizers Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free SampleThe fertilizer market continues to evolve, driven by the ongoing quest for agricultural efficiency and sustainable practices. Natural and synthetic fertilizers play integral roles in enhancing crop yield and plant growth. Broadcast spreading and GPS guidance optimize fertilizer application, while nutrient management strategies consider the NPK ratio and root development. Water-soluble fertilizers and foliar feeding expedite nutrient uptake, and slow-release and granular fertilizers ensure consistent delivery. Fertilizer blending and soil testing are essential components of effective nutrient management. The use of inorganic and organic fertilizers, each with unique environmental impacts, necessitates careful consideration. Greenhouse gas emissions from fertilizer production and application are under scrutiny, necessitating ongoing research and innovation. Precision farming, including crop modeling, yield monitoring, and precision agriculture, is revolutionizing fertilizer application and distribution networks. Soil health and degradation are critical concerns, with the potential for water pollution and environmental damage underscoring the need for sustainable practices. Phosphate rock and potassium chloride are essential resources in fertilizer production, while ammonium nitrate and liquid fertilizers cater to various agricultural needs. Supply chain management and fertilizer distribution networks remain crucial for ensuring a steady supply of essential nutrients. In this dynamic market, the interplay of various factors—from crop production to environmental impact—continuously unfolds, necessitating ongoing research and adaptation. The future of fertilizer applications lies in the integration of technology, sustainability, and efficiency.

How is this Fertilizers Industry segmented?

The fertilizers industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. TypeInorganicOrganicApplicationAgricultureHorticultureGardeningProduct TypeDryLiquidProductStraightComplexGeographyNorth AmericaUSCanadaEuropeFranceRussiaAPACAustraliaChinaIndiaJapanSouth KoreaSouth AmericaBrazilRest of World (ROW)

By Type Insights

The inorganic segment is estimated to witness significant growth during the forecast period.The inorganic the market plays a pivotal role in contemporary agriculture, supplying necessary nutrients that substantially boost crop yield and quality. Inorganic fertilizers, consisting mainly of nitrogen, phosphorus, and potassium (NPK), are popular due to their quick availability to plants and their capacity to rectify specific nutrient shortages in the soil. The escalating global population necessitates increased food production, thereby fueling the demand for inorganic fertilizers. Key players in this sector include Yara International, CF Industries Holdings, and Nutrien Ltd. Yara International is recognized for its extensive line of nitrogen-based fertilizers, while CF Industries Holdings excels in the manufacturing and distribution of nitrogen fertilizers, such as ammonia, urea, and ammonium nitrate. Agricultural efficie

Global Specialty Fertilizers Market size is set to expand from $ 25.69 Billion in 2023 to $ 49.89 Billion by 2032, with an anticipated CAGR of around 6.9% from 2024 to 2032.

The global chemical fertilizers market, valued at $1176.7 million in 2025, is projected to experience robust growth, driven by a compound annual growth rate (CAGR) of 4.9% from 2025 to 2033. This expansion is fueled by several key factors. Increasing global population and rising demand for food necessitate higher agricultural yields, significantly boosting the need for chemical fertilizers to enhance crop productivity. Furthermore, advancements in fertilizer technology, leading to more efficient nutrient delivery and reduced environmental impact, are contributing to market growth. The shift towards high-value crops and intensified farming practices in both agriculture and horticulture further fuels demand. However, concerns regarding environmental sustainability, including water pollution and greenhouse gas emissions associated with fertilizer use, present a significant restraint. Government regulations aimed at mitigating these environmental concerns will likely influence market dynamics in the coming years. The market is segmented by fertilizer type (nitrogen, phosphorus, potassium, and compound) and application (agriculture and horticulture), with the agricultural sector dominating the market share due to its scale. Key players in this competitive market include Sinochem, Hbyihua, Yuntianhua, Huajinchem, Stanley, Luxichemical, Wengfu, Kingenta, and QingHai Salt Lake Industry, each vying for market share through innovation and strategic expansion. Geographic distribution shows significant regional variations, with Asia-Pacific, particularly China and India, expected to lead in consumption due to their vast agricultural lands and growing populations. North America and Europe will also contribute substantially, albeit with a potentially slower growth rate compared to the Asia-Pacific region. The forecast period (2025-2033) suggests continued growth, albeit potentially with some fluctuations influenced by global economic conditions, agricultural policies, and technological advancements. The market's future trajectory hinges on successfully addressing environmental sustainability challenges while meeting the ever-increasing global demand for food production. The diversification of fertilizer types to cater to specific crop needs and soil conditions will be a key strategy for market players to maintain their competitive edge. Investment in research and development focused on sustainable fertilizer alternatives and precision application technologies will also shape the market's landscape. A balanced approach that prioritizes agricultural productivity while minimizing environmental damage will be crucial for long-term sustainable growth.

Learn more about Market Research Intellect's Chemical Fertilizer Market Report, valued at USD 227 billion in 2024, and set to grow to USD 290 billion by 2033 with a CAGR of 3.5% (2026-2033).

Global Chemical Fertilizers is segmented by Application (Agriculture, Horticulture, Gardening, Greenhouse, Hydroponics), Type (Nitrogen-based, Phosphate-based, Potash-based, Complex, Micronutrient) and Geography(North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA)

Gain in-depth insights into Chemical Fertilizers Market Report from Market Research Intellect, valued at USD 225 billion in 2024, and projected to grow to USD 300 billion by 2033 with a CAGR of 4.0% from 2026 to 2033.

Snapshot img

Thailand Fertilizers Market Size 2025-2029

The fertilizers market in Thailand size is forecast to increase by USD 1.52 billion at a CAGR of 8.8% between 2024 and 2029.

The fertilizers market in Thailand is experiencing significant growth due to the increasing demand to enhance agricultural productivity. Precision agriculture, a farming management concept based on observing, measuring, and responding to inter- and intra-field variability, is gaining popularity in the region. This trend is driving the adoption of advanced fertilizer application technologies to optimize nutrient use and reduce wastage. Sustainable agriculture practices, including precision agriculture and the use of advanced sensors, drones, and data analytics, contribute to optimizing nutrient formulations and reducing nutrient runoff and greenhouse gas emissions. Additionally, health and environmental concerns associated with the use of fertilizers are compelling farmers to seek sustainable and eco-friendly alternatives. These fertilizers are gaining traction in the agriculture industry for crops such as rice, wheat, and corn. These factors are expected to shape the future growth trajectory of the Thai fertilizer market.

What will be the Size of the Market During the Forecast Period?

Request Free Sample

The fertilizer market encompasses a wide range of nutrient solutions designed to enhance crop quality and address nutritional soil deficiencies. This market is driven by the need for efficient crop management in agricultural regions worldwide. Fertilizers play a crucial role in mitigating nitrogen deficiency and promoting early crop growth, vegetative growth, and grain yield in various high-value crops, including grains and cereals, pulses and oilseeds, commercial crops, fruits and vegetables, and sugarcane cultivation. Soil-forming parent materials, such as weatherable minerals and coarse-grained sediments, significantly influence the fertilizer market. These materials determine the availability of essential nutrients, including nitrogen, phosphorus, and potassium, for crops. Key agricultural countries, such as Australia, China, and India, are significant contributors to global agricultural exports, including cotton, sugarcane, fruits, vegetables, grains, and cotton.

Fertilizer formulations cater to diverse agricultural needs, offering specialized nutrient combinations and tailored nutrient delivery systems. The market's size and direction are influenced by factors like weather conditions, root development, and the regulatory focus on environmental protection. Agricultural input providers, including chemical fertilizer manufacturers, are integrating vertically to offer technical support capabilities and robust distribution networks. Market trends include the development of micronutrient fertilizers, chelated fertilizers, and the use of limestone formations to improve soil pH levels. The fertilizer market is a dynamic and evolving landscape, with ongoing research and innovation aimed at improving crop productivity while minimizing environmental impact.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Agriculture
  Horticulture
  Gardening


Type

  Inorganic
  Organic


Product

  Dry
  Liquid


Product Type

  Nitrogenous fertilizers
  Phosphatic fertilizers
  Potassic fertilizers
  Micronutrients fertilizers


Geography

  APAC

    Thailand

By Application Insights

The agriculture segment is estimated to witness significant growth during the forecast period. In the global fertilizer market, agriculture is a significant driver of demand, with Thailand being a prime example. The Thai agricultural sector focuses on enhancing food security, increasing crop yields, and boosting the economy. This sector comprises various crops, including rice, sugarcane, cassava, and corn, which hold significance for both domestic consumption and export. Modern agricultural technologies, such as sensors and drones, are employed to enhance efficiency and productivity while preserving the environment. Fertilizers, particularly inorganic types like nitrogenous, phosphatic, and potassic fertilizers, are essential for meeting the nutritional requirements of these crops. Nitrogenous fertilizers promote plant growth, phosphatic fertilizers aid in root development and energy transfer, and potassic fertilizers enhance crop resistance to stress and improve overall plant health.
Micronutrient fertilizers, chelated fertilizers, controlled-release technologies, micronutrient-enriched products, water-soluble fertilizers, and bio-based solutions are other fertilizer types that cater to specific nutrient requirement

Global Chemical Fertilizer market size 2025 was XX Million. Chemical Fertilizer Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

The global synthetic fertilizers market is a dynamic sector experiencing robust growth, driven by the increasing global population and the consequent rising demand for food. The market's expansion is further fueled by the intensification of agricultural practices, a growing reliance on high-yielding crop varieties that require greater nutrient inputs, and advancements in fertilizer technology leading to improved efficiency and reduced environmental impact. While the precise market size in 2025 is unavailable, assuming a conservative CAGR of 5% (a common growth rate for this sector) and a hypothetical 2024 market size of $150 billion, we can estimate the 2025 market value to be approximately $157.5 billion. This growth trajectory is projected to continue through 2033, albeit with potential fluctuations based on factors such as global economic conditions and government regulations. However, the market faces significant restraints. Environmental concerns related to nutrient runoff and greenhouse gas emissions from fertilizer production are prompting stricter regulations and pushing the adoption of sustainable agricultural practices. Furthermore, price volatility in raw materials like natural gas (a key component in nitrogen fertilizer production) can significantly impact profitability and accessibility. Market segmentation includes various fertilizer types (nitrogen, phosphate, potash, and complex fertilizers) and application methods. Leading players like Nutrien, Yara, and Mosaic Co. are strategically investing in research and development to create more efficient and environmentally friendly fertilizers, while also expanding their global reach to cater to growing demand in developing economies. Market growth is expected to vary regionally, with developing nations experiencing more significant growth due to increasing agricultural intensity and land scarcity.

The global phosphate fertilizer market is a substantial and growing sector, driven by the increasing demand for food production to feed a burgeoning global population. The market, estimated at $50 billion in 2025, is projected to experience a Compound Annual Growth Rate (CAGR) of 4% from 2025 to 2033, reaching approximately $70 billion by 2033. This growth is fueled by several key factors. Intensification of agriculture, particularly in developing economies with expanding arable land, necessitates increased fertilizer usage. Furthermore, government initiatives promoting agricultural productivity and food security in many regions are boosting demand. The rising adoption of advanced farming techniques, precision agriculture, and data-driven approaches further contribute to the market's expansion. While the market faces challenges, such as fluctuating raw material prices and environmental concerns regarding phosphate runoff, innovation in fertilizer technology, including the development of more efficient and sustainable formulations, is mitigating these risks. The market segmentation reveals a significant preference for chemical phosphate fertilizers, reflecting their established efficacy and widespread availability compared to natural alternatives. The agricultural application segment dominates, underscoring the crucial role phosphate fertilizers play in crop production globally. Leading players like EuroChem, Nutrien, Yara International ASA, CF Industries Holdings, Israel Chemicals, Coromandel International, Mosaic, S.A OCP, and PJSC PhosAgro are shaping the market through strategic investments in R&D, expansion of production capacities, and mergers and acquisitions. The geographic distribution of the market is diverse, with North America, Europe, and Asia Pacific representing significant consumer bases. However, the fastest growth is expected in developing regions of Asia and Africa, driven by expanding agricultural activities and government support programs. Future market dynamics will likely involve a greater emphasis on sustainable and environmentally friendly phosphate fertilizer production and application methods, potentially shifting market share towards natural options and more targeted fertilizer use practices. The increasing focus on precision agriculture will also contribute to overall market growth by improving fertilizer efficiency and reducing waste.

According to Cognitive Market Research, the global Microbial fertilizer market size will be USD 1716.9 million in 2024. It will expand at a compound annual growth rate (CAGR) of 8.20% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 686.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 515.07 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 394.89 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 85.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 34.34 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2031.
The Nitrogen Fixing category is the fastest growing segment of the Microbial Fertilizer industry

Market Dynamics of Microbial Fertilizer Market

Key Drivers for Microbial Fertilizer Market

Increasing Demand for Organic Farming to Boost Market Growth

The growing shift toward organic farming is a key driver for the microbial fertilizer market. In 2022, the global area dedicated to organic farming expanded by more than 20 million hectares, reaching a total of 96 million hectares. Additionally, the number of organic producers exceeded 4.5 million. Sales of organic food reached nearly 135 billion euros in 2022. By the end of 2022, 96.4 million hectares were under organic management, reflecting a 26.6% increase, or 20.3 million hectares, compared to 2021. Australia saw substantial growth, adding 17.3 million hectares, and continues to lead with 53 million hectares of organic farmland. India, now the second-largest, increased its organic area to 4.7 million hectares. As consumers increasingly demand food produced without synthetic chemicals, farmers are adopting organic practices that rely on microbial fertilizers. These fertilizers, which include bacteria, fungi, and algae, improve soil fertility and boost plant growth without the need for chemical fertilizers. This transition aligns with sustainability goals and growing environmental concerns.

Rising Population and Food Demand to Drive Market Growth

As the global population continues to grow, the demand for food production is escalating. In mid-November 2022, the world’s population reached 8.0 billion, up from an estimated 2.5 billion in 1950, with an additional 1 billion people added since 2010 and 2 billion since 1998. The population is expected to increase by nearly 2 billion in the next 30 years, reaching 9.7 billion by 2050, and could peak at around 10.4 billion in the mid-2080s. To meet this growing demand for food, microbial fertilizers offer a sustainable solution by enhancing agricultural productivity while minimizing the environmental impact of traditional fertilizers. With limited arable land and a rising global population, maximizing crop yields on existing farmland is more critical than ever. Microbial fertilizers can significantly improve crop yields and quality without relying on chemical inputs.

Restraint Factor for the Microbial Fertilizer Market

Lack of Awareness and Knowledge Will Limit Market Growth

One of the primary challenges to the growth of the microbial fertilizer market is the lack of awareness among farmers and stakeholders about the benefits and proper use of these products. In many regions, traditional synthetic fertilizers are still preferred due to their long-established presence in the market and perceived reliability. Many farmers are not fully aware of the advantages of microbial fertilizers over chemical alternatives, which can lead to reluctance to adopt these products. In some regions, farmers may be unaware of the long-term benefits of using microbial fertilizers to improve soil health and productivity. The initial cost of microbial fertilizers is often higher compared to traditional chemical fertilizers. Although microbial fertilizers may offer long-term benefits such as improved soil health and reduced chemical dependency, the upfront cost can det...

The global fertilizer market amounted to more than 193 billion U.S. dollars in 2021, an increase of roughly 12 percent in comparison with the previous year. It is forecast that the fertilizer market will surpass 240 billion U.S. dollars by 2030.

Global Chemical Fertilizers Market Report by The Business Research Company is segmented as Nitrogen Fertilizer, Phosphate Fertilizer, Potash Fertilizer