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.

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 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 global complex fertilizer market amounted to more than 48 billion U.S. dollars in 2021. It was forecast that the complex fertilizer market would surpass 77.74 billion U.S. dollars by 2029.

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.

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 United Kingdom's (UK) organic fertilizer market amounted to more than 430.05 million U.S. dollars in 2023. It is forecast that this organic fertilizer market will surpass 777 million U.S. dollars by 2032.

The global potash fertilizer market amounted to around 60.45 billion U.S. dollars in 2023. This market was forecast to grow at a compound annual growth rate (CAGR) of 4.5 percent from 2024 to 2032, reaching 90.49 billion U.S. dollars by the latter year.

Global Fertilizer market size will be USD 214.26 Billion by 2030. Fertilizer Industry's Compound Annual Growth Rate will be 4.79% from 2023 to 2030.

Organic Fertilizers Market size was valued at USD 12.03 Billion in 2024 and is projected to reach USD 283.88 Billion by 2031, growing at a CAGR of 11.32% from 2024 to 2031.

Global Organic Fertilizers Market Drivers

Growing Awareness of Sustainable Agriculture: The increasing awareness of the negative environmental impacts of synthetic fertilizers is driving the adoption of organic fertilizers.
Rising Demand for Organic Food: The growing demand for organic food products is stimulating the market for organic fertilizers, as they are essential for organic farming.
Government Support and Subsidies: Government initiatives and subsidies to promote sustainable agriculture and reduce chemical fertilizer usage are boosting the organic fertilizer market.

Global Organic Fertilizers Market Restraints

High Production Cost: Organic fertilizers are often more expensive to produce compared to synthetic fertilizers, which can limit their affordability for some farmers.
Lower Nutrient Content: Organic fertilizers may have lower nutrient content compared to synthetic fertilizers, requiring higher application rates to achieve similar results.
Slower Nutrient Release: Organic fertilizers release nutrients more slowly than synthetic fertilizers, which can impact crop growth and yield.

The global fertilizer market is a significant and growing industry, playing a crucial role in agriculture and food production worldwide. Discover the key factors driving its growth, the different types of fertilizers, and the major players in the market.

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 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.

The Foliar Fertilizer Market is segmented by Type (Complex, Straight), 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 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%

The North America Organic Fertilizer Market is segmented by Form (Manure, Meal Based Fertilizers, Oilcakes), by Crop Type (Cash Crops, Horticultural Crops, Row Crops) and by Country (Canada, Mexico, United States). 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 global fertilizer market is experiencing steady growth due to the increasing demand for food and the need for sustainable agricultural practices. The market is expected to witness significant expansion in the coming years, driven by factors such as population growth, shrinking arable land, and climate change. The nitrogen-based fertilizers segment holds the largest market share, while the organic fertilizers segment is also gaining traction. The Asia Pacific region dominates the market, driven by major

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 phosphate fertilizer market was expected to reach more than 42 billion U.S. dollars in 2022. This market was forecast to grow with a compound annual growth rate (CAGR) of 9.8 percent until 2026, reaching 61.83 billion dollars by that year.

Green Fertilizers Market size was valued at USD 4.42 Billion in 2023 and is projected to reach USD 9 Billion by 2031, growing at a CAGR of 10.24% during the forecast period 2024-2031.

Global Green Fertilizers Market Drivers
The market drivers for the Green Fertilizers Market can be influenced by various factors. These may include:

Growing Need for Organic and Sustainable Agriculture: Green fertilisers, which are made from natural and renewable resources and support sustainable agricultural practices, are in high demand as people become more conscious of the negative effects that chemical fertilisers have on the environment and human health.

Environmental Concerns and Climate Change Mitigation: Farmers and policymakers are compelled to embrace green fertilisers as environmentally benign substitutes for traditional chemical fertilisers due to the need to minimise nutrient runoff, reduce greenhouse gas emissions, and maintain soil health and biodiversity.

Compost, manure, biochar, and cover crops are examples of green fertilisers that improve soil fertility, structure, and nutrient retention capacity. These improvements increase crop yields, soil resilience to environmental stresses, and long-term soil health.

Regulatory Support for Sustainable Agriculture: Farmers and agribusinesses use green fertilisers because of government programmes, subsidies, and laws that support organic agricultural methods, sustainable agriculture, and lower chemical inputs.

Consumer Demand for Organic and Natural items: Farmers are using green fertilisers to meet certification standards and satisfy consumer preferences for sustainably produced crops as a result of growing consumer demand for organic and natural food items.
Cost-Effectiveness and Long-Term Benefits: In comparison to chemical fertilisers, green fertilisers are more cost-effective and have longer-term benefits since they improve crop yields and quality, lower input costs, increase soil fertility, and gradually lessen their negative effects on the environment.

Technological Innovations in Green Fertilisers: The efficacy, efficiency, and usability of green fertilisers in a variety of agroecosystems are improved by developments in bio-based fertilisers, microbial inoculants, nutrient recycling technologies, and precision agriculture tools.

Waste Valorization and the Circular Economy: By repurposing organic waste streams, including crop residues, animal manure, food waste, and wastewater biosolids, green fertilisers help to promote the circular economy by creating useful soil amendments and sources of nutrients for crop development.

Diversification of Agricultural Inputs: Using a variety of green fertilisers minimises nutrient imbalances, increases crop nutrient uptake and utilisation efficiency, and builds more resilient and sustainable farming systems. It also lessens reliance on synthetic chemicals.

Protection of Water Quality and Nutrient Management: By lowering nutrient runoff, leaching, and soil erosion, green fertilisers help reduce nutrient pollution in water bodies. This helps shield human health, aquatic ecosystems, and water quality from the negative effects of nutrient pollution.