View monthly updates and historical trends for Fertilizers Price Index. Source: World Bank. Track economic data with YCharts analytics.

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.

The world market price of fertilizers is influenced by factors such as supply and demand dynamics, global production capacities, raw material prices, and government policies. This article examines the key factors driving the fertilizer market and the impact of price fluctuations on the agriculture industry and food security.

The global fertilizer prices are influenced by a variety of factors, including supply and demand dynamics, production costs, political and economic conditions, and market speculation. Fertilizers are essential agricultural inputs that provide essential nutrients to soil and crops, improving yield and crop quality.

During the course of 2023, phosphate rock demonstrated a progressive rise, maintaining a peak of 347 U.S. dollars per metric ton in September and October, before experiencing a considerable downturn to a price of 152.5 U.S. dollars per metric ton in 2024

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.

Get the latest insights on price movement and trend analysis of NPK Fertilizers in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

The Nitrogen Fertilizer Application data set of the Global Fertilizer and Manure, Version 1 Data Collection represents the amount of nitrogen fertilizer nutrients applied to croplands. The national-level nitrogen fertilizer application rates for crops are from the International Fertilizer Industry Association (IFA) "Fertilizer Use by Crop 2002" statistics database that is available by request from the Food and Agriculture Organization (FAO). The number of crop-specific fertilizer application rates reported for each country ranged from 2 crops (Guinea) to over 50 crops (United States), and the years for which the data are reported range from 1994 to 2001. Spatially explicit fertilizer inputs of Nitrogen (N) were computed by fusing national-level statistics on fertilizer use with global maps of harvested area for 175 crops. The data were compiled by Potter et al. (2010) and are distributed by the Columbia University Center for International Earth Science Information Network (CIESIN).

In 2024, the global NPK fertilizer market decreased by -0.9% to $48.9B, falling for the second year in a row after two years of growth. Over the period under review, consumption saw a strong increase. Over the period under review, the global market attained the peak level at $55.4B in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.

China Producer Price Index: Agricultural Input: Chemical Fertilizer data was reported at 107.766 Prev Year=100 in Nov 2018. This records a decrease from the previous number of 108.148 Prev Year=100 for Oct 2018. China Producer Price Index: Agricultural Input: Chemical Fertilizer data is updated monthly, averaging 101.912 Prev Year=100 from Jan 2006 (Median) to Nov 2018, with 155 observations. The data reached an all-time high of 142.800 Prev Year=100 in Aug 2008 and a record low of 82.800 Prev Year=100 in Sep 2009. China Producer Price Index: Agricultural Input: Chemical Fertilizer data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Inflation – Table CN.IC: Agricultural Production Price Index: Input: Monthly.

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 additive market is expected to reach **** billion U.S. dollars in 2027, up from **** million U.S. dollars in 2023. Rising demand for agricultural products are projected to boost the fertilizer additives market during the forecast period.

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.

Actual value and historical data chart for World Fertilizer Consumption Percent Of Fertilizer Production

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 global straight fertilizer market is a significant sector within the broader agricultural industry, experiencing substantial growth driven by increasing global food demand and the intensification of farming practices. While precise market size figures are unavailable, considering typical growth rates in the agricultural input sector and referencing publicly available data on related markets, a reasonable estimate for the 2025 market size would be around $150 billion USD. A Compound Annual Growth Rate (CAGR) of 4-5% is plausible given the ongoing need to enhance crop yields and the expanding arable land under cultivation. This growth is primarily fueled by rising global populations necessitating greater food production, improvements in agricultural technologies that rely on enhanced fertilization, and government initiatives promoting sustainable agricultural practices. However, the market faces challenges, including fluctuating raw material prices (especially potash and phosphate), environmental concerns related to fertilizer overuse, and the increasing adoption of blended fertilizers offering targeted nutrient delivery. Market segmentation reflects the different types of straight fertilizers (nitrogen, phosphorus, potassium, and others), each with its own supply chain, price dynamics, and end-use applications. The competitive landscape is characterized by a mix of large multinational corporations and regional players. Larger companies often have access to resources and economies of scale, enabling them to dominate global markets, while smaller companies often focus on niche markets or specific geographical regions. The forecast period (2025-2033) anticipates continued expansion, although the CAGR might moderate slightly to around 3-4% due to the potential for market saturation in certain regions and growing emphasis on precision agriculture techniques that aim to optimize fertilizer usage. Key regions like North America, Europe, and Asia-Pacific will remain dominant, reflecting both their significant agricultural output and the concentration of major fertilizer producers. However, emerging markets in Africa and Latin America are expected to display stronger growth rates owing to the expansion of cultivated land and increasing adoption of modern agricultural methods. The future of the straight fertilizer market hinges on the interplay between global food security needs, sustainable agricultural practices, technological advancements, and economic factors influencing production costs and consumer demand. Therefore, strategic partnerships, technological innovations in efficient fertilizer application, and a focus on sustainable production processes will be crucial for players seeking sustained success in this dynamic market.

The Phosphorus Fertilizer Application data set of the Global Fertilizer and Manure, Version 1 Data Collection represents the amount of phosphorus fertilizer nutrients applied to croplands. The national-level phosphorus fertilizer application rates for crops are from the International Fertilizer Industry Association (IFA) "Fertilizer Use by Crop 2002" statistics database that is available by request from the Food and Agriculture Organization (FAO).The number of crop-specific fertilizer application rates reported for each country ranged from 2 crops (Guinea) to over 50 crops (United States), and the years for which the data are reported range from 1994 to 2001. Spatially explicit fertilizer inputs of Nitrogen (N) were computed by fusing national-level statistics on fertilizer use with global maps of harvested area for 175 crops. The data were compiled by Potter et al. (2010) and are distributed by the Columbia University Center for International Earth Science Information Network (CIESIN).

The Nitrogen in Manure Production data set of the Global Fertilizer and Manure, Version 1 Data Collection represents the amount of nitrogen manure produced and present on the landscape. The manure production at grid cell level was computed based on livestock population and nutrient excretion rates. The livestock population per grid cell was computed by multiplying the density values from FAO Gridded Livestock of the World by the area of grid cell. Spatially explicit manure produced and present on landscape is derived by combining the number of livestock heads and the nutrient excretion rate. The data were compiled by Potter et al. (2010) and are distributed by the Columbia University Center for International Earth Science Information Network (CIESIN).

The global market value of organic fertilizers stood at *** billion U.S. dollars in 2020, roughly three billion dollars more than in 2015. It is forecast that the value of organic fertilizers worldwide will reach some **** billion U.S. dollars by 2026.

Urea prices in , October, 2025 For that commodity indicator, we provide data from January 1960 to October 2025. The average value during that period was 172.99 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