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).

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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

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

Rising Global Food Demand and Population Growth: With projections indicating that the global population will exceed 9 billion by the year 2050, it is imperative that agricultural production increases substantially. Fertilizers are vital in enhancing crop yields and soil productivity, making them indispensable for sustainably addressing the rising food demand.

Government Support and Subsidy Programs: Numerous governments provide subsidies, incentives, and educational initiatives to encourage the use of fertilizers, especially in developing countries. These strategies promote balanced fertilization practices, enhance affordability for farmers, and foster steady demand in rural agricultural areas.

Increased Adoption of Precision Farming: There is a growing trend among farmers to adopt data-driven precision agriculture techniques that optimize the application of fertilizers. This approach improves efficiency, minimizes waste, and elevates crop quality, thereby supporting the long-term growth of the market for specialty and customized fertilizer formulations.

Key Restraints for Fertilizers Market

Environmental and Soil Degradation Concerns: The excessive or inappropriate application of chemical fertilizers results in soil acidification, water contamination, and a decline in biodiversity. The increasing awareness of environmental harm is leading to stricter regulations and promoting a transition towards more sustainable fertilization methods.

Volatility in Raw Material Prices: Essential ingredients for fertilizers, such as natural gas, phosphate rock, and potash, are prone to fluctuations in global prices. These cost pressures impact manufacturing profit margins and create pricing instability for end users, particularly in developing markets.

Logistical and Storage Challenges: Fertilizers necessitate specialized handling, storage, and timely distribution to maintain their effectiveness. Inadequate infrastructure, particularly in rural areas, can result in delays, spoilage, and diminished product availability, adversely affecting market performance.

Key Trends for Fertilizers Market

Growth in Organic and Bio-Based Fertilizers: Demand for organic products and sustainable agriculture is driving interest in natural and bio-based fertilizers. These environmentally friendly options are increasingly favored by health-conscious consumers and eco-aware farmers, especially in North America and Europe.

Development of Controlled-Release and Specialty Fertilizers: Innovations such as controlled-release, water-soluble, and micronutrient-enriched fertilizers are gaining traction. These sophisticated products improve nutrient absorption, minimize leaching, and enhance yield efficiency, supporting both environmental sustainability and productivity objectives.

Digital Platforms Enhancing Fertilizer Access: Online agricultural technology platforms are optimizing fertilizer supply chains by providing farmers with digital access to products, soil information, and application guidance. This trend is particularly significan...

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 North America Fertilizers Market report segments the industry into Type (Complex, Straight), Form (Conventional, Speciality), Application Mode (Fertigation, Foliar, Soil), Crop Type (Field Crops, Horticultural Crops, Turf & Ornamental), and Country (Canada, Mexico, United States, Rest of North America). Five years of historical data and five-year forecasts are provided.

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%.

North America Fertilizers Market Outlook 2031

The North America fertilizers market size was USD 16.32 Billion in 2022 and is estimated to reach USD 27.57 Billion by 2031 register a substantial CAGR 6% during the forecast period, 2023–2031. The growth of the market is attributed to technological innovations in the industry, coupled with the growing demand for N, P, and K and micronutrient fertilizers.



Fertilizers refer to chemical substances which are applied on crops to increase their productivity and crop yield. It is the most successful means of improving the quality of food and fodder and increasing crop production. Essential nutrients required by the plants such as potassium, nitrogen and phosphorus for crop production are provided by fertilizers leading to rising demand for fertilizers, which is estimated to drive the market growth during the forecast period.

The Covid-19 pandemic had an unpleasant impact on the fertilizers market due to the shortage of labor and the shutdown of a few fertilizer plants located in the integrated chemical complexes, shipments were affected and so the supply in the market; however, the government’s steps and strategies have helped to neutralised the situation. This pandemic has encouraged the key players to implement advance technologies to overcome these challenges and expand the market growth.

North America Fertilizers Market Trends, Drivers, Restraints, and Opportunities</sp

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 Research Report Covers Global Biological Organic Fertilizer Market and is segmented by Type (Microorganism and Organic residues), Application (Grains and Cereals, Pulses and Oilseeds, Fruits and Vegetables, Commercial Crops, and Turf and Ornamentals), and Geography (North America, Europe, Asia-Pacific, South America, and Africa).

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Liquid Fertilizer Market Size 2024-2028

The liquid fertilizer market size is forecast to increase by USD 2.35 billion at a CAGR of 3.57% between 2023 and 2028.

The market is experiencing significant growth due to the increasing demand for nutrient-rich fertilizers that address issues of soil erosion and soil pollution. Nitrogen-based fertilizers, particularly those containing NPK (Nitrogen, Phosphorus, and Potassium), remain popular choices for farmers. However, concerns over water pollution from phosphates and nitrates, as well as the presence of heavy metals in fertilizers, have led to stricter regulations on their handling, storage, and transportation. To meet these regulations, there is a growing trend towards high-efficiency fertilizers that minimize nutrient runoff and reduce the risk of eutrophication and soil contamination. This report provides a comprehensive analysis of market trends, growth drivers, and challenges in the liquid fertilizer industry.

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

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The market has witnessed significant growth due to the increasing demand for high-value crops, such as fruits and vegetables, and the need to address micronutrient deficiencies in various crops. Liquid fertilizers offer several advantages over traditional solid fertilizers, including faster absorption by plant foliage and better compatibility with irrigation systems, including sprinklers. Farmers in the US have been turning to liquid fertilizers to improve the quality of their crops and ensure optimal yields. Fruit crops, such as tomatoes, potatoes, onions, cabbage, and cauliflower, particularly benefit from the use of liquid fertilizers, as they enable farmers to address specific nutrient deficiencies and provide a more consistent nutrient supply to the plants.
However, the adoption of liquid fertilizers is not without challenges. Concerns regarding potential toxicity and environmental pollution have arisen due to the use of certain liquid fertilizers. Therefore, it is essential for farmers to choose liquid fertilizers that have been tested for safety and are free from harmful contaminants. The market in the US is expected to continue growing. The growth of the market can be attributed to the increasing demand for high-quality fruits and vegetables, the need to address micronutrient deficiencies, and the compatibility of liquid fertilizers with modern irrigation systems.

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 billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

  Cereals and grains
  Oilseeds and pulses
  Fruits and vegetables


Type

  Nitrogen
  Phosphate
  Potassium
  Micronutrients


Geography

  APAC

    China
    India


  North America

    US


  Europe

    Germany
    France


  South America



  Middle East and Africa

By Application Insights

The cereals and grains segment is estimated to witness significant growth during the forecast period.

The market is primarily driven by the large-scale cultivation of cereals and grains, which accounted for the largest application segment in 2023. According to the Organization for Economic Co-operation and Development (OECD), the production of cereals is projected to increase by approximately 336 million tons over the next decade, with significant contributions from major grain-producing nations like India, Russia, and Ukraine for wheat, and the US, China, and Brazil for maize. This expansion in agricultural production is crucial to meet the growing demand for food, particularly in light of the anticipated population growth. However, the use of liquid fertilizers also raises concerns regarding environmental pollution.

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The cereals and grains segment was valued at USD 5.62 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 50% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The Asia Pacific (APAC) region, home to over half of the world's population, is witnessing significant population growth and shifting food preferences, leading to an increased demand for high-yield crops, particularly in India and China. By 2050, APAC's population is projected to reach 5.3 billion, up from approximately 4.6 billion in 2021. This demographic shift is driving the need for advanced agricultural practices, including the use of liqui

Fertilizer Market Outlook

According to our latest research, the global fertilizer market size reached USD 215.4 billion in 2024, reflecting the robust demand for crop nutrition solutions worldwide. The market is expected to grow at a CAGR of 3.7% from 2025 to 2033, reaching a forecasted value of USD 302.1 billion by the end of the forecast period. This sustained growth is primarily driven by increasing food demand, advancements in agricultural technology, and the intensification of farming practices to ensure food security for the expanding global population.

One of the primary growth factors for the fertilizer market is the escalating global population, which is projected to surpass 8.5 billion by 2030. This demographic surge directly translates into heightened food consumption, necessitating higher crop yields and more efficient agricultural practices. Fertilizers, particularly nitrogenous, phosphatic, and potassic types, play a crucial role in replenishing soil nutrients and improving crop productivity. Governments and international organizations are increasingly supporting fertilizer use through subsidies and educational initiatives, further propelling market expansion. Additionally, the adoption of precision farming techniques and integrated nutrient management practices is amplifying the effectiveness and demand for advanced fertilizer products.

Technological innovations in fertilizer manufacturing and application methods are also fueling market growth. The development of specialty fertilizers, such as controlled-release and customized nutrient blends, is enabling farmers to optimize nutrient delivery, minimize wastage, and reduce environmental impacts. Liquid fertilizers and water-soluble formulations are gaining traction due to their ease of application and compatibility with modern irrigation systems. Furthermore, the integration of digital agriculture solutions, such as soil health monitoring and variable rate technology, is enhancing fertilizer use efficiency and driving the shift toward sustainable agricultural practices. These advancements are not only improving crop yields but also supporting the long-term viability of the fertilizer market.

Environmental concerns and the need for sustainable agriculture are shaping the future trajectory of the fertilizer industry. There is a growing emphasis on reducing the ecological footprint of fertilizer use, particularly in terms of greenhouse gas emissions, nutrient runoff, and soil health degradation. Regulatory bodies across the globe are implementing stricter guidelines on fertilizer application rates and promoting the use of eco-friendly alternatives, such as organic and bio-based fertilizers. This trend is encouraging innovation among manufacturers and fostering the development of products that align with sustainable farming objectives. As a result, the fertilizer market is witnessing a gradual transition toward more balanced and environmentally responsible solutions, which is expected to create new opportunities for growth in the coming years.

NPK Fertilizers, which are a blend of nitrogen (N), phosphorus (P), and potassium (K), are gaining prominence in the fertilizer market due to their comprehensive nutrient profile. These fertilizers are particularly valued for their ability to provide balanced nutrition to crops, enhancing growth and productivity. As farmers increasingly adopt precision agriculture techniques, the demand for NPK fertilizers is expected to rise, driven by their efficiency in delivering essential nutrients in a single application. The versatility of NPK formulations allows them to be tailored to specific crop requirements and soil conditions, making them a preferred choice for diverse agricultural practices. Moreover, the growing emphasis on sustainable farming is encouraging the development of eco-friendly NPK variants that minimize environmental impact while maintaining high crop yields.

Regionally, the Asia Pacific region dominates the global fertilizer market, accounting for the largest share due to its vast agricultural sector and high population density. Countries such as China and India are leading consumers, driven by government support and the need to sustain food production for large populations. North America and Europe are also significant markets, characterized by advanced farming practices and a strong focus on sustainable agriculture

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 DriversGrowing 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.

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 organic fertilizer market is valued at USD 9.26 billion in 2025 and is projected to grow to USD 16.97 billion by 2035, reflecting a CAGR of 6.2% during the forecast period.

Country-wise Insights

The North America organic fertilizer industry is estimated to generate a market size of USD 2.16 billion in 2025 and is expected to reach USD 4.76 billion by 2035, reflecting a compound annual growth rate (CAGR) of 8.2% during the forecast period.

Country-wise Insights

Region-wise Insights

The global liquid fertilizers market size was valued at USD 2.78 billion in 2024 and is likely to expand at more than 4.5% CAGR from 2025 to 2034, fueled by increasing food demand and improved irrigation systems.

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.

Fertilizers market size was is estimated to register a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to technological innovations in the industry, coupled with the growing demand for N, P, and K and micronutrient fertilizers.

Fertilizers refer to chemical substances which are applied on crops to increase their productivity and crop yield. It is the most successful means of improving the quality of food and fodder and increasing crop production. Essential nutrients required by the plants such as potassium, nitrogen and phosphorus for crop production are provided by fertilizers leading to rising demand for fertilizers, which is estimated to drive the market growth during the forecast period



The Covid-19 pandemic had an unpleasant impact on the fertilizers market ddue to the shortage of labor and the shutdown of a few fertilizer plants located in the integrated chemical complexes, shipments were affected and so the supply in the market; however, the government’s steps and strategies have helped to neutralised the situation. This pandemic has encouraged the key players to implement advance technologies to overcome these challenges and expand the market growth.

Market Trends, Drivers, Restraints, and Opportunities

• Rising demand for fertilizers for soil nutrient management

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