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.

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 ***** million metric tons in 2022/2023, and a forecast demand of ***** 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 ***** million metric tons in 2011/2012 to a forecast ***** 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.

The Fertilizers Report is Segmented by Type (Complex and Straight), by Form (Conventional and Specialty), by Application Mode (Fertigation, Foliar, and More), by Crop Type (Field Crops, Horticultural Crops, and More), and by Geography (North America, South America, Europe, Asia-Pacific, and More). The Market Forecasts are Provided in Terms of Value (USD) and Volume (Metric Tons).

According to Cognitive Market Research, the global Fertilizers market size was 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 significant in...

The Global Fertilizer Market Size Was Worth USD 208.06 Billion in 2024 and Is Expected To Reach USD 276.92 Billion by 2034, CAGR of 3.33%.

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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 efficiency is a significant conce

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 Organic Fertilizer Market Report is Segmented by Form (Manure, Meal-Based Fertilizers, and More), Crop Type (Cash Crops, Horticultural Crops and Row Crops), and Geography (Africa, Asia-Pacific, Europe, and More). The Market Forecasts are Provided in Terms of Value (USD) and Volume (Metric Tons).

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.

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.

The global fertilizer market size reached USD 224.78 Billion in 2024. The market is projected to grow at a CAGR of 3.70% between 2025 and 2034, reaching almost USD 323.25 Billion by 2034.

The Nitrogen Fertilizers Market Report is Segmented by Product (Ammonium Nitrate, Anhydrous Ammonia, and Others), Form (Conventional, Specialty), Application Mode (Fertigation, Foliar, and Soil), Crop Type (Field Crops, Horticultural Crops, and Others), and Geography (Asia-Pacific, Europe, Middle East, Africa, North America, and South America). The Market Forecasts are Provided in Terms of Value (USD) and Volume (Metric Tons).

Fertilizer Market size was valued at USD 179.06 Billion in 2021 and is projected to reach USD 244.02 Billion by 2030, growing at a CAGR of 3.50% from 2023 to 2030.Fertilizers are natural or organic substances that help to intensify the cultivating and harvesting process by providing additional nutrients to the designated yield of the crop. It exists in both natural and artificial forms. Three major macro ingredients of fertilizers are nitrogen, phosphorous, and potassium. Framers apply these fertilizers through a variety of processes using large agricultural equipment or hand-tool methods. Adding fertilizers during crop cultivation provides additional nutrients which favor the healthy growth of the crops according to the season in progress. With the supply of additional nutrients, the crop yield turns to be better under a brief period which assists the farmers to generate revenue.

The Liquid Fertilizers Market Report is Segmented by Type (Complex and Straight), by Application Mode (Fertigation and Foliar), by Crop Type (Field Crops, Horticultural Crops, and More), and by Geography (Asia-Pacific, Europe, North America, South America, Middle East, and Africa). The Market Forecasts are Provided in Terms of Value (USD) and Volume (Metric Tons).

The global fertilizer market value has been steadily growing over the years and is expected to continue its upward trend in the coming years. Fertilizers play a crucial role in increasing crop yields and ensuring food security, making them an essential component of modern agriculture. Factors such as population growth, increasing demand for food, and the need for sustainable agricultural practices are driving the demand for fertilizers. The market is dominated by nitrogen, phosphorus, and potassium-based fe

China is the world's largest consumer of fertilizers. In 2022, the Asian country consumed more than 47 million metric tons worth of nutrients. It was followed by India and the United States, which consumed 29.84 and 20.46 million tons, respectively. Fertilizer consumption in China China’s agriculture relies heavily on fertilizers to meet the food demand of its large population, as well as to support its exports of agricultural products. China’s demand for fertilizers has grown rapidly since the 1960s, driven by the expansion of cultivated land, the intensification of farming practices, the improvement of crop varieties, and the subsequent increase of agricultural output. China’s fertilizer consumption is dominated by nitrogen-based fertilizers, accounting for over 50 percent of the total nutrient consumption. Environmental footprint of fertilizers Fertilizer consumption can have a positive impact on food security by increasing crop yields and reducing the need for additional agricultural land. However, fertilizers can also have a negative impact on the environment by causing eutrophication, soil erosion, soil contamination, and greenhouse gas emissions. Despite these potential impacts, the forecast global fertilizer demand is expected to reach some 205.8 million metric tons by 2027. Some potential strategies to reduce the environmental impact of the anticipated fertilizer consumption include improving the efficiency of fertilizer use by developing an understanding of the most effective amount, type, and timing of fertilizer applications; by adopting organic farming practices, including the use of more natural sources of nutrients; by promoting circular economy models, which involves recovering and reusing nutrients from waste streams; and the introduction of regulating policies, such as establishing standards and guidelines for fertilizer production and use.

In 2023, Russia was the world's largest exporter of agricultural fertilizers, with exports valued at approximately 15.2 billion U.S. dollars that year. The total market size of the global fertilizer industry was valued at around 93 billion U.S. dollars in 2022, emphasizing the immense economic significance of the fertilizer industry and its contribution to global agricultural sustainability. Global fertilizer production In terms of production, the global volume of urea, a widely used nitrogen-based fertilizer, reached a staggering 179.8 million metric tons in 2022. This immense production volume for even just this one fertilizer type indicates the substantial scale of fertilizer manufacturing necessary to meet the growing global agricultural needs. Alongside urea there were also global fertilizer production volumes of a similar order of magnitude for phosphorous-based fertilizers, diammonium phosphate (DAP) and triple superphosphate (TSP); and potassium-based fertilizer, muriate of potash (MOP). However, such massive production and consumption of fertilizers also pose serious environmental and social challenges, such as water pollution, greenhouse gas emissions, soil degradation and food insecurity. Therefore, finding sustainable and innovative solutions for fertilizer management is crucial for ensuring the long-term well-being of both humans and nature. Projected fertilizer demand Looking ahead, there is a projected decline in the demand for urea. While the demand for urea in 2018 reached a maximum of 202.46 million metric tons, it is expected to decrease to 183 million metric tons in 2024. This decline in demand signifies a decrease in the need for this nitrogen-based fertilizer. However, despite the declining demand for urea, the overall demand for fertilizer nutrients, including nitrogen, phosphorus, and potassium, is projected to reach 208.3 million metric tons by 2026. These projections stress the ongoing importance of fertilizers in meeting global agricultural demands and ensuring the long-term sustainability of food production worldwide, even in light of the potentially disruptive environmental impacts that can result from their overuse and miss-management.

This statistic displays the medium-term forecast of the global demand for fertilizer by nutrient to the period of 2027. It is forecast that the demand for nitrogen fertilizers will reach some 115 megatons by 2027. Increasing crop prices lead to increased fertilizer demands and has been especially noted in recent years in South Asia. Favorable weather also increases demand for fertilizers in major agricultural regions.

The global fertilizer market is a dynamic sector experiencing substantial growth, driven by rising global food demand and the increasing need to enhance crop yields to feed a burgeoning population. While precise figures for market size and CAGR are absent from the provided data, considering the significant role of major players like Yara, Mosaic, Nutrien, and Eurochem, and the consistent need for fertilizers across agricultural regions, a reasonable estimation places the 2025 market size at approximately $200 billion USD. A conservative Compound Annual Growth Rate (CAGR) of 4% for the forecast period (2025-2033) is projected, reflecting steady, albeit not explosive, growth influenced by factors like fluctuating commodity prices and environmental concerns regarding fertilizer overuse. Key drivers include population growth, increasing agricultural intensification, and the expanding adoption of advanced farming techniques that rely on optimized fertilizer application. However, the market faces restraints like volatile raw material costs, environmental regulations aimed at reducing fertilizer runoff and its impact on water bodies, and concerns about the carbon footprint associated with fertilizer production. Segmentation likely includes various fertilizer types (nitrogen, phosphate, potash), application methods, and crop types, each possessing its own unique growth trajectory and influencing the overall market dynamics. Regional variations in market share will depend on factors such as agricultural practices, economic development, and government policies. North America and Europe are expected to maintain significant shares, driven by intensive agriculture and strong regulatory frameworks. However, growth in developing economies in Asia and Africa is anticipated to be faster, reflecting the increasing demand for food security in these regions. The competitive landscape is concentrated, with the mentioned major players holding substantial market power. These companies are continuously investing in research and development to create more efficient and sustainable fertilizer products, responding to environmental concerns and aiming to secure a larger share of the growing market. Future growth will heavily depend on addressing sustainability challenges, innovative product development, and navigating geopolitical influences on raw material supply chains.

The organic fertilizer market is projected to grow from USD 9.3 billion in 2025 to USD 17.0 billion by 2035, at a CAGR of 6.2%.