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...

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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 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?

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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.

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.

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 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.

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.

According to Cognitive Market Research, the global Slow Available Fertilizer market size will be USD 3715.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.80% 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 1486.20 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 1114.65 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 854.57 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 185.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% 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 74.31 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.
The fertigation category is the fastest growing segment of the Slow Available Fertilizer industry

Market Dynamics of Slow Available Fertilizer Market

Key Drivers for Slow Available Fertilizer Market

Sustainability and Environmental Concerns to Boost Market Growth

The growing emphasis on sustainable agricultural practices is a key driving factor for the market of slow available fertilizers. Traditional fertilizers, while effective in boosting crop yield, contribute significantly to environmental pollution, such as nitrogen runoff, soil acidification, and water contamination. Slow-release fertilizers, on the other hand, offer a more sustainable alternative by gradually delivering nutrients to plants over an extended period. This reduces nutrient leaching, minimizes the need for frequent reapplication, and enhances soil health. With increasing awareness of environmental impact and stricter regulations on fertilizer usage, farmers are increasingly opting for slow available fertilizers to meet sustainability goals. These products are gaining popularity for their long-term benefits in maintaining soil quality and reducing the environmental footprint of farming, making them an attractive choice in global markets, especially in regions where environmental concerns are at the forefront of agricultural policy. For instance, Nutrien Ltd., the world's major provider of crop services and solutions, announced implementing the Cat® Command for Dozing remote-control system at its Aurora, NC, Phosphate facility to create a safer working environment and improve reliability. It is the first company in the fertilizer industry to implement this innovative technology, allowing workers to operate bulldozers safely from a few thousand feet away in an indoor control station.

Rising Demand for Precision Agriculture to Drive Market Growth

The rapid adoption of precision agriculture technologies is driving the demand for slow available fertilizers. Precision farming involves using advanced tools like GPS, sensors, and soil mapping to optimize agricultural input and output. Slow-release fertilizers align well with this approach, as they provide nutrients exactly when and where they are needed, reducing waste and improving fertilizer efficiency. This method is particularly beneficial in large-scale, data-driven farming operations where resource optimization is crucial. As farmers seek to enhance productivity while minimizing costs, slow available fertilizers enable them to apply the right amount of nutrients over a longer period, increasing crop yields and reducing the environmental impact of over-fertilization. The integration of slow-release fertilizers with precision farming techniques is expected to grow in importance as the industry moves towards more data-centric, efficient, and environmentally responsible agricultural practices.

Restraint Factor for the Slow Available Fertilizer Market

High Production and Manufacturing Costs will Limit Market Growth

The key restraining factors for the slow-release fertilizer market is the high cost of production and manufacturing. Unlike conventional fertilizers, slow-release fertilizers require specialized raw materials and advanced technologies to control nutrient release rates over an extended period. The pro...

Global Chemical Fertilizers Market to hit USD 284.96B by 2029 growing at 7.9% CAGR. Explore trends, drivers, and competition for strategic insights with The Business Research Company.

Global Fertilizer Market to grow from US$ 3.82 Billion in 2023 to US$ 5.79 Billion by 2032, growing at a CAGR of 4.72% during forecast 2024 - 2032

The Specialty Fertilizer Market is segmented by Speciality Type (CRF, Liquid Fertilizer, SRF, Water Soluble), 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 rose modestly to $311.9B in 2024, growing by 4.4% against the previous year. Overall, the total consumption indicated a notable increase from 2012 to 2024: its value increased at an average annual rate of +2.6% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -7.8% against 2022 indices.

According to Cognitive market research, the Global Potash Fertilizers Market is expected to have a market size of XX million in 2024 with a growing CAGR of XX% during the forecast period.

Asia-Pacific region has the largest market share in the Global Potash Fertilizers Market with an expected market size of XX million in 2024 with a growing CAGR of XX% during the forecast period.
The North American region is the fastest-growing in the Global Potash Fertilizers Market with an expected market size of XX million in 2024 with a growing CAGR of XX% during the forecast period.
The potassium Chlorides Potash Fertilizers segment is expected to have the largest market share with an expected market size of XX million in 2024 with a growing CAGR of XX% during the forecast period.
The broadcasting segment is expected to have the largest market share with an expected market size of XX million in 2024 with a growing CAGR of XX% during the forecast period.

Market Dynamics

Key Drivers

Growing need to boost food production and raising awareness of the advantages of using potash fertilizers will boost the market growth

The growing need for potash fertilizers to boost crop productivity in light of the limited amount of land available for crop cultivation and the growing requirement for providing strengthening nutrients to shield plants from harmful pathogens that lower soil fertility and lower crop yield are the main factors propelling the growth of the potash fertilizers market. Furthermore, adding potash fertilizer and improving its application together with the increased need for high-performance fertilizers improve the overall quality of plants. It increases shelf life, which is another important element propelling the market for potash fertilizer. Expanding market value will be further supported by rising environmental consciousness. There are several lucrative market opportunities that would arise from increased agricultural investments and the requirement to boost pasture productivity. Additionally, the significant global population growth points to an increase in food demand, which would drive up the demand for potash in the manufacture of fertilizer. In addition, the market for potash fertilizers is anticipated to grow as a result of increasing consumer health consciousness brought on by busy lifestyles, rising consumption of cattle feed, and the use of potash fertilizers in the soil to improve the color, flavor, and texture of food crops. Therefore, the market is expected to grow significantly in the coming years.

The increasing demand from the agricultural industry and expansion of agricultural sectors is fuelling the market for potash fertilizers

Over the past few years, there has been a steady increase in the demand for potash fertilizers worldwide, primarily from the agricultural sector. For plants to perform a variety of tasks, including protein synthesis, enzyme activation, photosynthesis, and stomata management, potash supplies vital potassium ions. The need for increasing food production due to the growing global population has put significant pressure on farmers to raise crop yields. Along with nitrogen and phosphorus, potassium is one of the three main nutrients found in fertilizers. Data from the United Nations Food and Agriculture Organisation (FAO) show that the amount of potassium consumed globally increased from 34 million tonnes in 2010 to over 40 million tonnes in 2020. Farmers all around the world have been using a lot of potash-rich fertilizers to meet crop nutrition requirements. Over the course of the last ten years, imports of potash fertilizer have increased significantly in countries with sizable crop-producing regions, such as China, India, the United States, Brazil, and several African countries. Global agricultural sector expansion: One of the main factors propelling the growth of the potash fertilizers market has been the worldwide agricultural sector expansion. The world's population is expanding, and this is driving up demand for food and forcing farmers to increase crop yields. The Food and Agriculture Organisation (FAO) of the United Nations projects that by 2050, when the world's population approaches 10 billion, there will be a more than sixty percent rise in the need for food worldwide. Potash fertilizers, which supply potassium, an essential nutrient, are essential for improving several plant growth processes, such as improved prot...

Explore the Controlled Release Fertilizer Market trends! Covers key players, growth rate 10.1% CAGR, market size $5.44 Billion, and forecasts to 2034. Get insights now!

The global fertilizer market is expected to see continued growth in the coming years, driven by increasing demand worldwide. By 2030, the market volume is projected to reach 725 million tons with a value of $401.4 billion.

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

Discover the latest trends in the global NPK fertilizer market and learn about the projected growth in consumption and value over the next six years.

Global Fertilizer Market Size By Form (Liquid, Dry), By Product (Organic, Inorganic), By Application (Gardening, Horticulture, Agriculture), By Geographic Scope And Forecast