In 2023, the amount of urea exported from Russia surged to 7.5M tons, rising by 19% compared with 2022.

Global fertilizer prices experienced significant volatility in 2022, with diammonium phosphate (DAP) reaching a peak of *** U.S. dollars per metric ton in April before declining to *** U.S. dollars by December. In the lead up to the Russian invasion of Ukraine, urea fertilizer prices more than doubled from September to November 2021.

Urea fell to 439.75 USD/T on August 19, 2025, down 0.17% from the previous day. Over the past month, Urea's price has fallen 1.18%, but it is still 40.72% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Urea.

Russia Avg Producer Price: OKPD2: Mineral Fertilizers: Nitric: Carbamide (Urea) data was reported at 15,590.000 RUB/Ton in Jan 2019. This records a decrease from the previous number of 16,389.000 RUB/Ton for Dec 2018. Russia Avg Producer Price: OKPD2: Mineral Fertilizers: Nitric: Carbamide (Urea) data is updated monthly, averaging 11,266.000 RUB/Ton from Jan 2017 (Median) to Jan 2019, with 25 observations. The data reached an all-time high of 16,389.000 RUB/Ton in Dec 2018 and a record low of 9,212.000 RUB/Ton in Jul 2017. Russia Avg Producer Price: OKPD2: Mineral Fertilizers: Nitric: Carbamide (Urea) data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Prices – Table RU.PB011: Average Producer Price: Mineral Fertilizers and Mixed Fodder.

Russia Average Purchasing Price: Agriculture: Carbamide (Urea) data was reported at 18,989.000 RUB/Ton in Nov 2015. This records an increase from the previous number of 18,909.000 RUB/Ton for Oct 2015. Russia Average Purchasing Price: Agriculture: Carbamide (Urea) data is updated monthly, averaging 10,895.560 RUB/Ton from Sep 2005 (Median) to Nov 2015, with 123 observations. The data reached an all-time high of 20,887.410 RUB/Ton in Apr 2015 and a record low of 6,284.500 RUB/Ton in Sep 2005. Russia Average Purchasing Price: Agriculture: Carbamide (Urea) data remains active status in CEIC and is reported by Specialized Center of Accounting in the Agricultural Sector. The data is categorized under Russia Premium Database’s Agriculture Sector – Table RU.RIJ006: Average Purchasing Price for Agricultural Enterprises: Energy, Fertilizers, Pesticides.

During this period, one could observe a sharp increase in wholesale prices of nitrogen fertilizers in Poland between January 2022 and December 2022. For example, the price of urea increased from 2760 zloty in January 2022 to 3660 zloty in December 2022. However, the prices have stabilized in 2023, recording a significant decrease in March 2023. The increase influenced the change in fertilizer prices in energy prices, including gas, and the Russian invasion of Ukraine in February 2022.

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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

Avg Producer Price: OKPD2: Mineral Fertilizers: Nitric: Carbamide (Urea)在2019-01达15,590.000 RUB/Ton，相较于2018-12的16,389.000 RUB/Ton有所下降。Avg Producer Price: OKPD2: Mineral Fertilizers: Nitric: Carbamide (Urea)数据按月度更新，2017-01至2019-01期间平均值为11,266.000 RUB/Ton，共25份观测结果。该数据的历史最高值出现于2018-12，达16,389.000 RUB/Ton，而历史最低值则出现于2017-07，为9,212.000 RUB/Ton。CEIC提供的Avg Producer Price: OKPD2: Mineral Fertilizers: Nitric: Carbamide (Urea)数据处于定期更新的状态，数据来源于Federal State Statistics Service，数据归类于Russia Premium Database的Prices – Table RU.PB011: Average Producer Price: Mineral Fertilizers and Mixed Fodder。

The Fertiliser and Nitrogen Compound Manufacturing industry has faced significant challenges in recent years, mostly due to the Russia-Ukraine conflict and its influence on fertiliser prices. The war brought huge disruption to the natural gas market, escalating prices and directly impacting ammonia production, an essential component of fertiliser. In fact, the World Bank reported disruptions to 70% of European ammonia production capacity in October 2022. These ammonia supply chain issues, along with soaring inflation of other key feedstocks in 2022-23, incited sharp volatility in extremely fertiliser producers’ revenue over the past few years, as revenue soared in 2022-23 only to sink the following year as prices started to fall. Overall, revenue is estimated to dip at a compound annual rate of 2.5% over the five years through 2024-25 to just under £1.7 billion. This includes an expected 18.9% slump in 2024-25 as fertiliser prices continue to inch down, coupled with limited demand from cereals and rapeseed oil farmers. Even though they’ve been falling since their 2022-23 peak, fertiliser prices remain elevated, influenced by enlarged natural gas and ammonia input costs. Other key inputs, like potassium and phosphorous, have seen their price dip recently too. However, as the market struggles to find a new balance point, fertiliser manufacturers are grappling to maintain profitability in 2024-25. Furthermore, technological advancements in soil mapping and fertiliser application have allowed farmers to reduce their fertiliser consumption without affecting yield, limiting fertiliser use. This trend is likely to gain momentum and continue to stifle growth opportunities in the future. Looking forward, the industry faces a cautious projection. Revenue is anticipated to creep upwards at a compound annual rate of 0.2% over the five years through 2029-30 to just over £1.7 billion as fertiliser prices continue to converge with lower input prices. The enduring high costs of production, compounded by increasing regulatory pressures for sustainable practices and volatile weather disrupting farmers' demand, will test the resilience and adaptability of UK fertiliser manufacturers.

The Fertiliser Manufacturing industry ensures that Australia's agricultural production systems are economically efficient in the short term and sustainable over the long run. Fertiliser manufacturers supply phosphorus, nitrogen, potassium and sulphur fertilisers, as well as a mix of high-analysis blends and trace elements. Between 6.0 million and 7.0 million tonnes of fertiliser are sold each year. However, only half of this is manufactured locally, with the remainder imported. This means the industry is susceptible to global supply-side shocks, with little control over fertiliser prices. Recently, the pandemic, the European natural gas crisis and the Russia-Ukraine conflict have wreaked havoc on global fertiliser supply chains, dramatically escalating fertiliser prices, and the effects have also been felt on Australian soil. Record prices contributed to the industry's strong performance over the two years through 2021-22. However, a combination of subdued demand and falling prices has since weakened industry revenue. Overall, revenue is expected to have grown at an annualised 3.8% over the five years through 2024-25. This volatility has flowed through to industry profitability, which has also fluctuated on a yearly basis due to unstable input costs and swings in final prices, though it is above 2019-20 levels. Industry revenue is expected to drop to $6.8 billion in 2024-25, down 4.6% on the previous year, as global fertiliser prices continue to retract relative to the historical highs recorded in 2021-22. Geopolitical tensions – including the Red Sea crisis and China's ongoing attempts to curb fertiliser exports – will continue to dominate trade patterns in 2024-25. Over the five years through 2029-30, annualised growth in industry revenue is forecast to slow to 0.4% to reach $6.9 billion. This will occur as global fertiliser prices correct (barring any additional major external shocks and associated volatile price risks) and the industry reverts to more normalised operating conditions. In the wake of recent global supply chain security concerns, efforts may focus on developing a local supply of low-carbon, green fertilisers using innovative technologies. Fertiliser manufacturers are likely to work with farmers to develop more sustainable farming methods, using data to develop new digital tools that enable better nutrient use efficiency and cut greenhouse gas emissions.