The India Fertilizers Market is segmented by Type (Complex, Straight), by Form (Conventional, Speciality), by Application Mode (Fertigation, Foliar, Soil) and by Crop Type (Field Crops, Horticultural Crops, Turf & Ornamental). The report offers market size in both market value in USD and market volume in metric ton. Further, the report includes a market split by Type, Form, Application Mode and Crop Type.

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 food production and the shift towards organic and high-efficiency fertilizers in the agriculture sector. The rising awareness of the environmental impact of conventional fertilizers and the associated health concerns is fueling the adoption of organic and sustainable alternatives. These fertilizers are gaining traction in the agriculture industry for crops such as rice, wheat, and corn. This demand for food production is driving the need for fertilizers, particularly high-efficiency varieties that can improve crop yields and reduce the environmental footprint.
However, the market also faces challenges, including the rising cost of raw materials and the potential for regulatory restrictions on fertilizer use due to environmental concerns. 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. Companies seeking to capitalize on this market opportunity should focus on developing innovative, sustainable fertilizer solutions that address these challenges while meeting the growing demand for food production. Additionally, investments in research and development to improve the efficiency and effectiveness of fertilizers can help companies differentiate themselves in a competitive market. Overall, the market presents significant growth opportunities for companies that can navigate the challenges and capitalize on the trends towards sustainable and high-efficiency fertilizers.

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

Request Free Sample

The market encompasses a broad spectrum of products and technologies essential to global food production. Key market drivers include the need for water management in agriculture, ensuring food safety, and meeting the nutrient requirements of genetically modified crops in the food system. Additionally, addressing food waste, biotechnology in agriculture, and climate change in agriculture are significant trends shaping the market. Farm management practices such as crop rotation, land use change, and rural development also influence fertilizer demand. Organic farming and sustainable production methods are gaining traction due to concerns over environmental impact and nutrient cycling. Water quality and soil health management are critical considerations in the fertilizer industry, with a focus on nutrient loss mitigation and controlled release technologies.
The market is further shaped by the adoption of precision application techniques and the development of organic alternatives to traditional fertilizers. The market is significant in terms of both size and direction, as it plays a crucial role in ensuring food production efficiency and addressing the nutrient needs of various crops. The industry continues to evolve, with a focus on sustainable agriculture, crop nutrients, and ammonium nitrate, among other essential nutrients. Overall, the market is a dynamic and vital sector, continually adapting to meet the demands of a growing global population and an ever-changing agricultural landscape.

How is the Fertilizers Industry segmented?

The 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.

Type

  Inorganic
  Organic


Application

  Agriculture
  Horticulture
  Gardening


Product Type

  Dry
  Liquid


Product

  Straight
  Complex


Geography

  APAC

    Australia
    China
    India
    Japan
    South Korea


  North America

    US
    Canada


  Europe

    France
    Russia


  South America

    Brazil


  Middle East and Africa

By Type Insights

The inorganic segment is estimated to witness significant growth during the forecast period. The inorganic fertilizer market plays a pivotal role in contemporary agriculture, supplying vital nutrients that significantly boost crop yields and quality. Inorganic fertilizers, predominantly consisting of nitrogen, phosphorus, and potassium (NPK), are popular due to their quick availability to plants and their capacity to address specific nutrient shortages in the soil. The escalating global population necessitates increased food production, thereby fueling the demand for inorganic fertilizers. Key market participants are recognized for its extensive range of nitrogen-based fertilizers, while CF Industries Holdings excels in the production and distribution of nitrogen fertilizers, encompassing ammonia, urea, and ammon

The Fertilizers Market is segmented by Type (Complex, Straight), by Form (Conventional, Speciality), by Application Mode (Fertigation, Foliar, Soil), by Crop Type (Field Crops, Horticultural Crops, Turf & Ornamental) and by Region (Asia-Pacific, Europe, Middle East & Africa, North America, South America). The report offers market size in both market value in USD and market volume in metric ton. Further, the report includes a market split by Type, Form, Application Mode and Crop Type.

The Global Fertilizer Market Size Was Worth USD 201.45 Billion in 2022 and Is Expected To Reach USD 261.81 Billion by 2030, CAGR of 3.33%.

The Organic Fertilizer Market is segmented by Form (Manure, Meal Based Fertilizers, Oilcakes), by Crop Type (Cash Crops, Horticultural Crops, Row Crops) and by Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America). The report offers market size in both market value in USD and market volume in metric ton. Further, the report includes market split by form and various crop types.

The fertilizer industry analysis involves the evaluation of various factors and trends affecting the production, demand, and supply of fertilizers. This article explores the global fertilizer production and consumption, types of fertilizers used in agriculture, market drivers and restraints, competitive landscape, and export-import trends. Conducting a comprehensive analysis of the fertilizer industry helps in understanding the market dynamics and identifying opportunities for growth in the industry.

In 2022, global fertilizer production reached a total of 207.7 million metric tons. Nitrogen fertilizers were the most substantially produced that year at 118.08 million metric tons, followed by phosphate fertilizers at 46.08 million metric tons, and potash fertilizers at 42.91 million metric tons. These fertilizers are indispensable for modern agriculture, as they supply essential nutrients to improve soil fertility and increase crop yields. With a growing global population, such nutrient fertilizers are critical for ensuring food security; however, their overuse can result in soil degradation, water pollution, and greenhouse gas emissions, posing long-term sustainability challenges. Rising fertilizer consumption The demand for chemical fertilizers worldwide has risen dramatically, increasing from 46.3 million metric tons in 1965 to 187.92 million metric tons in 2022. Nitrogen-based fertilizers also dominated consumption that year, accounting for 58 percent of the total, while phosphate and potash fertilizers represented 23 percent and 18 percent, respectively. Regional fertilizer consumption patterns highlight East Asia as the world’s largest consumer, at 57.13 million metric tons in 2022, followed by South Asia at 37.78 million metric tons. Latin America and the Caribbean also ranked high in fertilizer use, showcasing the shared global reliance on these inputs to sustain agricultural productivity. Leading fertilizer producers’ capacities The production of these nutrient fertilizers is supported by major global chemical companies, each with impressive capacities, ensuring the steady supply needed to support the growing global agricultural industry. Nutrien, a Canadian firm, leads globally in potassium chloride production capacity, at 21 million metric tons. The U.S.-based chemical company, CF Industries, boasts the largest ammonia plant capacity at 9.5 million metric tons, closely followed by the Norwegian chemical company, Yara International. These capacities underscore the dominance of a few major players in meeting the world's demand for critical agricultural inputs, highlighting the potential concerns about supply chain resilience in supporting food security worldwide. This becomes increasingly pertinent in-light of unanticipated geopolitical tensions or supply disruptions.

The North America organic fertilizer industry value totaled US$ 1,866.9 million in 2023 and is expected to reach US$ 1,999.4 million in 2024. It will likely exhibit strong growth during the next ten years amid the increasing popularity of sustainable agricultural practices.

Attributes	Key Insights
Base Value (2023)	US$ 1,866.9 million
Estimated North America Organic Fertilizer Industry Size (2024)	US$ 1,999.4 million
Projected North America Organic Fertilizer Industry Revenue (2034)	US$ 4,415.8 million
Value-based CAGR (2024 to 2034)	8.2%
Collective Value Share: Top 5 Regions (2024E)	76.8%

Historical Performance Vs. Organic Fertilizer Demand Outlook in North America

Historical CAGR (2019 to 2023)	3.5%
Forecast CAGR (2024 to 2034)	8.2%

Country-wise Insights

Countries	Projected Organic Fertilizer Industry CAGR (2024 to 2034)
United States	7.0%
Canada	9.8%
Mexico	8.8%

Region-wise Insights

Regions	Organic Fertilizer Industry Revenue (2034)
Midwest	US$ 1,540.0 million
The Prairie Provinces	US$ 940.1 million
Central Canada	US$ 363.7 million
Southeast	US$ 317.3 million
West	US$ 239.1 million

Regions	Projected Organic Fertilizer Industry CAGR (2024 to 2034)
Central Canada	10.9%
The Prairie Provinces	10.4%
Northern Mexico	10.0%
The Atlantic Provinces	10.0%
Gulf Coast	8.6%

Category-wise Insights

Top Segment (Form)	Liquid Fertilizer
Predicted CAGR (2024 to 2034)	9.5%

Top Segment (End-use )	Gardening
Projected CAGR (2024 to 2024)	9.3%

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.

According to Cognitive Market Research, the global Fertilizers market size will be USD 202514.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 3.20% 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 81005.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 60754.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 46578.27 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 10125.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.6% 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 4050.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.9% from 2024 to 2031.
The less than 200 mL category is the fastest growing segment of the Fertilizers industry

Market Dynamics of Fertilizers Market

Key Drivers for Fertilizers Market

Growing Global Food Demand to Boost Market Growth

The increasing global population has led to rising demand for food, putting immense pressure on agricultural systems to enhance productivity. Fertilizers play a critical role in improving soil fertility and crop yields, enabling farmers to meet food security challenges. As arable land becomes scarce due to urbanization and industrialization, the need for fertilizers to maximize per-acre output has grown significantly. This trend is particularly strong in emerging economies, where rapid population growth and changing dietary preferences are driving the need for higher agricultural efficiency. For instance, January 2023, ICL has entered into a strategic partnership agreement with General Mills, in which it will be the supplier of strategic specialty phosphate solutions to General Mills. The long-term agreement will also focus on international expansion

Adoption of Sustainable and Precision Farming Practices to Drive Market Growth

The growing emphasis on sustainability and the adoption of precision agriculture techniques have boosted demand for advanced fertilizers. Precision farming allows for efficient nutrient management, reducing wastage and ensuring crops receive the optimal amount of nutrients. Additionally, the development of specialty fertilizers, such as controlled-release and water-soluble variants, aligns with sustainable agricultural practices. Governments and organizations worldwide are promoting environmentally friendly farming, further encouraging the adoption of innovative fertilizer solutions to minimize environmental impact and maximize productivity.

Restraint Factor for the Fertilizers Market

High Cost and Volatility of Raw Materials, will Limit Market Growth

The fertilizers market faces challenges due to the high costs and fluctuating prices of raw materials such as natural gas, phosphate rock, and potash. These raw materials are crucial inputs for nitrogen, phosphate, and potassium fertilizers, and their price volatility affects the overall cost structure for fertilizer manufacturers. Additionally, the geopolitical instability in major raw material-producing regions further exacerbates supply chain disruptions, increasing costs for manufacturers. These price fluctuations not only squeeze profit margins but also make fertilizers less affordable for small-scale farmers, thereby impacting market growth in cost-sensitive regions.

Impact of Covid-19 on the Fertilizers Market

Covid-19 pandemic disrupted the global fertilizers market, affecting production, supply chains, and demand patterns. Lockdowns and restrictions led to labor shortages and logistical bottlenecks, delaying the transportation of raw materials and finished products. Fertilizer manufacturers faced operational challenges due to reduced workforce availability and increased health regulations. Additionally, export restrictions imposed by some countries created supply shortages in importing regions. Despite these challenges, demand for fertilizers remained resilient as agriculture was deemed an essential sector. However, the economic slowdown imp...

The fertilizer industry report provides a comprehensive analysis of the global fertilizer market, including key trends, market size, growth drivers, and challenges. It discusses the increasing demand for food crops and the need to improve agricultural productivity, the market size and growth potential for different types of fertilizers, and the regional analysis of the fertilizer market. The report also highlights key trends such as the adoption of organic fertilizers and precision farming techniques, and a

Global Fertilizer Market reached US$ 210.5 billion in 2022 and is projected to witness lucrative growth by reaching up to US$ 308.6 billion by 2030.

The United States Fertilizers Market is segmented by Type (Complex, Straight), by Form (Conventional, Speciality), by Application Mode (Fertigation, Foliar, Soil) and by Crop Type (Field Crops, Horticultural Crops, Turf & Ornamental). The report offers market size in both market value in USD and market volume in metric ton. Further, the report includes a market split by Type, Form, Application Mode and Crop Type.

The India fertilizer market is expected to grow at a CAGR of 4.3% between 2025 and 2034, reaching a projected value of USD 14.9 billion by 2034. The market growth is being driven by increasing demand for food production and improvements in agriculture processes.

Agricultural fertilizers are essential for maintaining soil fertility and ensuring high crop yields. From 2011/2012 to 2023/2024 there has been a considerable increase in the global demand for these three primary nutrient fertilizers: Nitrogen (N), phosphorus pentoxide (P₂O₅), and potassium oxide (K₂O). Over this period, nitrogen was consistently the most sought-after; with an estimated demand of 109.7 million metric tons in 2022/2023, and a forecast demand of 111.6 million metric tons in 2023/2024. The use of these nutrient fertilizers is an essential component of many aspects of modern agriculture. Nitrogen is essential for protein production and photosynthesis; phosphorus supports energy transfer, root growth, and flowering.; and potassium regulates plant processes, enhances disease resistance, and improves crop quality. The increasing demand for these nutrients reflects their importance in facilitating high crop yields and agricultural productivity, to ensure food security amongst a growing global population. Who are the major players? Several major companies dominate the global fertilizer production industry. Nutrien, formed by the merger of PotashCorp and Agrium in 2018, is a leading fertilizer producer, especially known for its potash production. Yara International, based in Norway, is another key player, focusing on nitrogen-based fertilizers. The Mosaic Company, headquartered in the U.S, specializes in potash fertilizers and phosphate, and CF Industries, also from the U.S., is a major producer of nitrogen fertilizers. Environmental concerns The steady growth in the global demand for fertilizers, from 177.2 million metric tons in 2011/2012 to a forecast 195.4 million metric tons in 2023/2024, highlights the importance of these nutrients within the global agricultural industry. However, the overapplication of these fertilizers is also a significant concern, as it can lead to nutrient runoff into water systems and ecosystems, causing environmental pollution. The resulting eutrophication can severely impact aquatic life and water quality. As the global reliance on fertilizers continues to rise, it becomes increasingly important to adopt strategies that mitigate their adverse effects on the environment.

India Fertilizer Market size was valued at around USD 10.8 Billion in 2024 and is projected to reach USD 14 Billion by 2030 along with a CAGR of 4.2%.

The global organic fertilizer market size is anticipated to reach USD 8,764.3 million in 2024. The industry is projected to attain a value of around USD 15,994.2 million in 2034, exhibiting a CAGR of 6.2% in the estimated period.

Attributes	Description
Estimated Global Organic Fertilizer Market Size (2024E)	USD 8,764.3 million
Projected Global Organic Fertilizer Market Value (2034F)	USD 15,994.2 million
Value-based CAGR (2024 to 2034)	6.2%

India's fertilizer production growth rate for fiscal year 2024 was projected to reach 3.7 percent, marking a decrease from the previous year's impressive 11.3 percent growth. Fertilizers play a crucial role as one of the eight core industries in India's economy, highlighting the sector's importance in the country's agricultural and industrial landscape. Production capacity and industry structure The fertilizer industry in India boasts a robust infrastructure, with 33 large-scale urea manufacturing plants operational in fiscal year 2022. The country's production capabilities extend beyond urea, encompassing 21 facilities for DAP and complex fertilizers, as well as two plants dedicated to ammonium sulfate production. This diverse manufacturing base has contributed to India's position as a leading fertilizer producer, with total production volume reaching over 42 million metric tons in fiscal year 2022.
Fertilizer usage pattern India was the second largest consumer of nitrogen fertilizer in 2022, with 20.21 million metric tons. Nitrogenous fertilizers dominate India's agricultural fertilizer usage, accounting for more than 65 percent of total fertilizer use in fiscal year 2024.

The market value of the liquid fertilizer industry in Asia-Pacific was around 6.6 billion U.S. dollars in 2023. The industry is forecast to have a compound annual growth rate (CAGR) of around 4.2 percent between 2024 and 2031 in the region.Additional information on the global liquid fertilizers market can be found here.

Discover the latest trends in the United States fertilizer market, with projections showing a steady increase in demand and consumption over the next decade. By 2035, the market volume is expected to reach 110 million tons, with a value of $38.8 billion.