Urea rose to 454 USD/T on July 28, 2025, up 0.22% from the previous day. Over the past month, Urea's price has risen 11.41%, and is up 45.28% compared to the same time last year, 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.

The price of urea stood at 358 U.S. dollars per metric ton in 2023, the highest value in the period investigated. The price of this commodity was forecast to decrease in the following year, to then drop annually to amount to 325 dollars per ton in 2025.

Urea prices in , May, 2025 For that commodity indicator, we provide data from January 1960 to May 2025. The average value during that period was 171.18 USD per metric ton with a minimum of 16 USD per metric ton in January 1971 and a maximum of 925 USD per metric ton in April 2022. | TheGlobalEconomy.com

In Q1 2025, the Urea prices in the USA saw a steady upward trend, driven by tight supply and strong seasonal demand. Despite volatility in Ammonia feedstock costs, prices stayed elevated due to production cuts from extreme winter weather. Force majeure declarations by key producers like OCI Beaumont LLC and CF Industries, along with freight disruptions, limited domestic availability. Agricultural demand also picked up as farmers stockpiled ahead of spring planting, especially for crops such as rice and sorghum.

Urea prices in China fell from $360/T in Dec 2023 to $255/T in Dec 2024. Get 2025 forecast, trends & insights from Expert Market Research.

According to Cognitive Market Research, the global Urea market size will be USD 81,624.6 million in 2025. It will expand at a compound annual growth rate (CAGR) of 4.00% from 2025 to 2033.

North America held the major market share for around 37% of the global revenue with a market size of USD 30,201.10 million in 2025 and will grow at a compound annual growth rate (CAGR) of 1.8% from 2025 to 2033.
Europe accounted for a market share of nearly 29% of the global revenue with a market size of USD 23,671.13 million and will grow at a compound annual growth rate (CAGR) of 2.3% from 2025 to 2033.
Asia Pacific held a market share of around 24% of the global revenue with a market size of USD 19,589.90 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2025 to 2033.
South America had a market share of approximately 3.8% of the global revenue with a market size of USD 3,101.73 million in 2025 and will grow at a compound annual growth rate (CAGR) of 3.0% from 2025 to 2033.
Middle East held a market share of nearly 4.00% of the global revenue and was estimated at a market size of USD 3,264.98 million in 2025 and will grow at a compound annual growth rate (CAGR) of 3.3% from 2025 to 2033.
Africa had a market share of around 2.20% of the global revenue and was estimated at a market size of USD 1,795.74 million in 2025 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2025 to 2033.
Granular urea category is the fastest growing segment of the Urea industry

Market Dynamics of Urea Market

Key Drivers for Urea Market

Rising Global Population Driving Demand for Urea Fertilizers

The steady increase in the global population, which is placing significant pressure on the agriculture sector to boost food production. According to recent projections by the United Nations, the world population is expected to reach approximately 8.5 billion by 2030, 9.7 billion by 2050, and over 10 billion by the end of this century. This surge in population is directly increasing the global demand for food, which, in turn, is driving the need for more efficient agricultural practices. Urea, as one of the most widely used nitrogen-based fertilizers, plays a vital role in enhancing soil fertility and improving crop yields. Its cost-effectiveness, ease of application, and ability to support high-output farming make it an essential input for farmers worldwide. As arable land becomes increasingly limited and the pressure to maximize productivity rises, the role of urea in sustaining food supply becomes more critical, thereby fueling consistent growth in the global urea market.

https://population.un.org/dataportal/home?df=d81f2da9-00aa-4009-af0d-4934c38dcdb3

Government Support and Subsidies Encouraging Fertilizer Usage

Government initiatives and subsidies aimed at increasing agricultural productivity are bolstering the urea market. Many countries, especially in Asia-Pacific and Africa, offer financial incentives and subsidies on fertilizers to support farmers and improve food security. These efforts lower the cost burden on end-users and increase the accessibility and adoption of urea across small and large farming operations. Additionally, public sector investments in urea manufacturing facilities and partnerships with private producers further boost local production. As global governments continue to prioritize food sustainability and rural development, such policy-driven support plays a pivotal role in propelling the urea market forward.

Restraint Factor for the Urea Market

Volatile Raw Material Costs and High Production Expenses Hamper Market Growth

The urea market is highly sensitive to fluctuations in the prices of raw materials such as natural gas, which is a key input in urea production. Global disruptions ranging from geopolitical tensions to energy supply shortages can lead to significant increases in natural gas prices, thereby elevating the cost of urea manufacturing. This volatility affects both producers and end-users, as increased production expenses may result in higher market prices or reduced profitability. Additionally, energy-intensive production methods further strain margins in regions with high power costs. These economic pressures can hinder expansion and discourage investments, posing a restraint to consistent market growth. Introduction of the Urea Market

The urea market encompasses the production, distribution, and utilization of...

The global urea market, valued at approximately $XX million in 2025, is projected to experience steady growth with a Compound Annual Growth Rate (CAGR) of 1.81% from 2025 to 2033. This growth is driven by several factors, including the increasing demand for fertilizers in developing economies experiencing agricultural expansion and population growth. The rising global food production needs, coupled with intensifying agricultural practices requiring higher nitrogen fertilization, further fuel market expansion. However, environmental concerns regarding nitrogen runoff and its impact on water bodies, along with fluctuating energy prices (a major input cost for urea production), pose significant challenges. Government regulations aimed at mitigating environmental pollution and promoting sustainable agricultural practices also influence market dynamics. The market is segmented by various factors including geographic region, application (e.g., agriculture, industrial), and production method. Major players like Yara, CF Industries, and others are constantly innovating to improve efficiency and reduce environmental impact while competing for market share. This dynamic interplay of drivers and restraints creates a complex yet promising landscape for the urea industry over the forecast period. The competitive landscape is characterized by both large multinational corporations and regional players. The presence of established industry giants ensures a stable supply, while smaller companies often specialize in niche markets or regional distribution. Technological advancements in urea production, including improved efficiency and reduced emissions, are continually shaping the market. While challenges remain, the long-term outlook for the urea market is positive, driven primarily by the enduring need for food security globally. Regional variations in growth will be determined by factors such as agricultural policies, infrastructure development, and economic conditions. Understanding these nuances is key to successfully navigating the complexities of this essential market. Key drivers for this market are: High Applicability of Technical Grade Urea, Increasing Demand from the Automotive Sector; Increasing Usage in the Fertilizers Segment. Potential restraints include: Indiscriminate Use of Urea in Key Regions, Fluctuation in the Prices. Notable trends are: Agriculture Segment to Dominate the Market.

The global agriculture urea market is experiencing robust growth, driven by the increasing demand for food and feed worldwide. The market, valued at approximately $80 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033. This expansion is fueled primarily by the rising global population, necessitating increased agricultural production to meet food security needs. The growing adoption of modern farming techniques, which often involve higher fertilizer application rates, also contributes significantly to market growth. Furthermore, the increasing use of urea as an animal feed additive, particularly in livestock farming, is bolstering market demand. Granular urea continues to dominate the market due to its ease of handling and application, although prilled urea maintains a significant share due to its lower production costs. Geographical segmentation reveals strong growth across several regions. Asia-Pacific, particularly China and India, represents a major market due to its vast agricultural sector and expanding livestock industry. North America and Europe also contribute significantly, although their growth rates might be slightly lower compared to the dynamic Asian markets. However, factors such as fluctuating raw material prices, stringent environmental regulations concerning nitrogen emissions, and the potential for alternative nitrogen fertilizers pose challenges to sustained market growth. Nevertheless, the overall outlook for the agriculture urea market remains positive, propelled by the ongoing need for enhanced agricultural productivity to feed a growing global population. Further research into sustainable urea production methods and efficient application techniques will be crucial in mitigating environmental concerns and supporting long-term market expansion. This comprehensive report provides an in-depth analysis of the global agriculture urea market, valued at approximately $70 billion in 2023. It examines key trends, growth drivers, challenges, and opportunities, offering valuable insights for industry stakeholders. The report features detailed segmentations by type, application, and geographic region, providing a granular understanding of market dynamics. Keywords: Urea fertilizer, granular urea, prilled urea, agriculture urea market, nitrogen fertilizer, urea price, urea production, urea demand, fertilizer industry.

European Urea Market Size Value by Country, 2023 Discover more data with ReportLinker!

Discover how factors like global agricultural demand, natural gas prices, and regulatory policies impact the share prices of urea fertilizer companies. Learn the key trends in urea fertilizer market performance and the role of technological advancements in agriculture.

The sulphur coated urea (SCU) market is projected to grow steadily between 2025 and 2035, driven by rising global emphasis on enhanced-efficiency fertilizers (EEFs), increasing adoption of precision agriculture, and a growing focus on nitrogen loss reduction in soil. The market is expected to be valued at USD 1,157.6 million in 2025 and is anticipated to reach USD 1,570.9 million by 2035, reflecting a CAGR of 3.1% over the forecast period.

Metric	Value (USD)
Industry Size (2025E)	1,157.6 million
Industry Value (2035F)	1,570.9 million
CAGR (2025 to 2035)	3.1%

Country-wise Outlook

Country	CAGR (2025 to 2035)
United States	3.3%

Country	CAGR (2025 to 2035)
United Kingdom	2.9%

Region	CAGR (2025 to 2035)
European Union	3.0%

Country	CAGR (2025 to 2035)
Japan	2.7%

Country	CAGR (2025 to 2035)
South Korea	3.4%

Category-wise Insights

Product Type	Value Share (%)
Polymer Sulphur Coated Urea	59.2%

Application	Value Share (%)
Agriculture	66.5%

Competitive Outlook

Company/Organization Name	Estimated Market Share (%)
Koch Industries, Inc.	22-26%
Nutrien Ltd.	16-20%
Haifa Group	11-15%
Andersons, Inc.	8-11%
Indian Farmers Fertiliser Cooperative (IFFCO)	6-9%
Others	20-25%

The global urea market reached a volume of 177.21 MMT in 2024. It is expected to grow at a CAGR of 0.90% between 2025 and 2034 driven by the growing demand as a fertiliser from the agriculture sector. The market is expected to reach a volume of 193.82 MMT in 2034.

The global solid urea market is a substantial sector experiencing robust growth, driven primarily by the increasing demand for nitrogen-based fertilizers in agriculture. The rising global population and the consequent need for enhanced food production are key factors fueling this demand. Furthermore, the expanding use of urea in industrial applications, such as resins, adhesives, and pharmaceuticals, contributes significantly to market expansion. While precise figures for market size and CAGR are unavailable, considering the substantial presence of major players like QAFCO, Yara, and Koch, along with the consistent growth in agricultural needs, a reasonable estimation places the 2025 market size around $50 billion USD, with a projected Compound Annual Growth Rate (CAGR) of approximately 4-5% from 2025 to 2033. This growth trajectory is expected to continue, albeit potentially at a slightly moderated pace in later years as technological advancements and sustainability concerns influence fertilizer application practices. However, the market also faces challenges. Fluctuations in raw material prices (natural gas being a key component in urea production) represent a significant constraint. Furthermore, environmental concerns related to nitrogen runoff and greenhouse gas emissions from urea production and application are leading to stricter regulations in some regions, potentially slowing growth or shifting production towards more sustainable methods. Market segmentation, while not explicitly detailed, likely includes variations based on grade, application (agricultural vs. industrial), and geographical region. The competitive landscape is highly concentrated, with multinational companies and large regional players dominating the market. Future market success will depend on companies’ abilities to innovate in sustainable production methods, optimize supply chains in the face of volatile raw material prices, and adapt to evolving regulatory landscapes.

Urea Market Size Value in Finland, 2021 Discover more data with ReportLinker!

In 2024, the U.S. urea market decreased by -8.5% to $3.7B, falling for the second consecutive year after two years of growth. Overall, consumption, however, recorded a noticeable decline. Over the period under review, the market attained the peak level at $6B in 2022; however, from 2023 to 2024, consumption failed to regain momentum.

The global urea market, valued at $117.85 billion in 2025, is poised for significant growth. While the exact CAGR is not provided, considering the widespread agricultural application of urea and the increasing global population demanding more food, a conservative estimate of 4% annual growth is reasonable, considering recent market trends and projections for fertilizer demand. This would place the market size at approximately $156 billion by 2033. Key drivers include rising global food demand, intensifying agricultural practices requiring higher fertilizer input, and the increasing use of urea in industrial applications like resins and pharmaceuticals. However, fluctuating energy prices (a significant input cost in urea production) and the increasing adoption of alternative nitrogen fertilizers pose considerable restraints. The market is segmented by type (granular and prilled urea) and application (agriculture and industrial), with agriculture dominating the consumption. Granular urea, offering ease of application and storage, currently holds a larger market share compared to prilled urea. Regional analysis reveals strong growth in Asia-Pacific, driven by large-scale farming practices in countries like India and China, while North America and Europe maintain significant market presence due to established agricultural infrastructure. The competitive landscape is dominated by global giants like Yara, CF Industries, and Nutrien, alongside several prominent Chinese manufacturers. These players are constantly innovating to improve production efficiency, reduce environmental impact, and develop sustainable urea solutions. The future of the urea market is influenced by factors such as government policies promoting sustainable agriculture, technological advancements in fertilizer efficiency, and the ongoing geopolitical landscape affecting energy and commodity prices. Companies are investing in research and development to enhance fertilizer efficiency, reducing the environmental footprint of urea production and increasing the value proposition for farmers. A focus on optimizing fertilizer application techniques, improving crop yields, and fostering collaborations across the value chain will be crucial in driving market expansion in the forecast period (2025-2033). The increasing demand for higher-quality, controlled-release urea formulations represents a significant opportunity for growth.

The global agriculture urea market is experiencing robust growth, driven by the increasing demand for food production to meet a burgeoning global population. While precise figures for market size and CAGR are not provided, we can reasonably infer substantial growth based on industry trends. Considering the significant role urea plays as a primary nitrogen fertilizer, coupled with rising agricultural activity worldwide, a market size exceeding $50 billion in 2025 and a CAGR above 5% for the forecast period (2025-2033) are plausible estimations. This growth is further fueled by advancements in fertilizer technology, leading to more efficient urea utilization and reduced environmental impact. Key market segments include granular and prilled urea, with fertilizer application dominating, although animal feed additive usage is also contributing to market expansion. The market faces constraints such as fluctuating energy prices (a key input in urea production), government regulations concerning environmental sustainability, and the potential for geopolitical instability impacting supply chains. Major players, including Yara, CF Industries, and Nutrien, are strategically investing in capacity expansion and technological innovation to maintain market share and capitalize on growth opportunities. The regional distribution of the agriculture urea market reflects global agricultural patterns. Asia-Pacific, particularly China and India, represent significant markets due to their large agricultural sectors and expanding fertilizer demands. North America and Europe maintain considerable market shares, albeit with slower growth rates compared to Asia-Pacific. Middle East & Africa and South America also contribute significantly, with growth driven by factors such as increasing investment in agricultural infrastructure and government support for food security initiatives. However, regional disparities persist, influenced by factors such as varying levels of agricultural modernization, economic development, and climate conditions. The competitive landscape is marked by both established multinational corporations and regional players, creating a dynamic environment shaped by pricing strategies, technological advancements, and regulatory compliance.

The global urea market size reached USD 52.7 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 60.2 Billion by 2033, exhibiting a growth rate (CAGR) of 1.5% during 2025-2033. The establishment of new urea production facilities and collaborations among industry players, are driving the market growth. The market is further driven by increasing agricultural demand for nitrogen-based fertilizers, growing food demand necessitating higher crop yields, ongoing advancements in urea production technology, steadily increasing product applications across industries, and favorable government policies.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 52.7 Billion
Market Forecast in 2033	USD 60.2 Billion
Market Growth Rate 2025-2033	1.5%

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on grade, application, and end-use industry.

Subsidized urea price (median-USD kg-1), percentage of the non-subsidized urea price, and number of observations per country (values between parenthesis). Slope (USD kg-1) of the regression models between subsidized and non-subsidized prices.

Number of observations collected for urea prices, number of observations of non-subsidized urea, number of observations after removing outliers (n) and number of observations after aggregating by household (values between parenthesis), and the percent of outliers detected (%) for each data source.