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Fertilizers Market

Author: Vineet Pandey - Business Consultant, Report ID - DS1305024, Published - February 2025

Segmented in Application Area (Agriculture, Horticulture, Gardening, Others), Type (Synthetic, Organic, Bio), Application Mode, Fertilizer Nutrient Content, Sales Channel and Regions - Global Industry Analysis, Size, Share, Trends, and Forecast 2024 – 2034

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Global Fertilizers Market Outlook

The market, for Fertilizers was estimated at $203.2 billion in 2024; and it is anticipated to increase to $301.5 billion by 2030 with projections indicating a growth to around $419.0 billion by 2035. This expansion represents a compound annual growth rate (CAGR) of 6.8% over the forecast period. In today's evolving economy scenario the fertilizer market stands strong in the world of agriculture. Its importance remains unmatched thanks to how fertilizers boost crop growth and enrich soil quality. The push for farming and the growing need for top notch food supplies due to a surging population have all played vital roles in keeping fertilizers indispensable, in our contemporary society. The growing recognition of soil health and the significance of providing crops with nutrition continue to strengthen the standing of this sector.


Differents of fertilizers have characteristics that help maintain healthy soil and support sustainable crop yields effectively. Organic and inorganic fertilizers are categorized based on their properties. Are essential for supplying vital nutrients like Nitrogen (N) Potassium (K) and Phosphorus (P) to plants. These fertilizers play a role in fields such, as farming, gardening and flower cultivation influencing the global food production scenario significantly.


Market Size Forecast & Key Insights

2019
$203B2024
2029
$392B2034

Absolute Growth Opportunity = $189B

The Fertilizers market is projected to grow from $203.2 billion in 2024 to $392 billion in 2034. This represents a CAGR of 6.8%, reflecting rising demand across Agriculture Segment, Golf Courses and Home Gardens and Lawns.

The Fertilizers market is set to add $189 billion between 2024 and 2034, with manufacturer targeting Horticulture & Gardening Application Area projected to gain a larger market share.

With Rise in precision farming, and Increase in food demand, Fertilizers market to expand 93% between 2024 and 2034.

Opportunities in the Fertilizers Market

Strategic Collaborations and Partnerships

Fertilizer companies can also form partnerships and collaborations, with agricultural research institutions or other related industries.

Exploring Untapped Markets and Technological Innovations in Fertilizer Industry

In the field of agriculture industry whichs crucially significant sector lies the fertilizers market that has experienced notable growth throughout the years. However there are markets yet to be explored that could offer new pathways for growth. Emerging countries with growing centered economies offer promising prospects. These areas are slowly transitioning towards farming methods which involve utilizing powerful fertilizers to enhance crop output. Thus establishing a presence in these markets could lead to profitable outcomes, for fertilizer companies.

Lately weve been seeing more focus shifting towards technological advancements in the field of fertilizers. Incorporating nano tech, for producing fertilizers and introducing slow release fertilizer variants serve as key illustrations of these progressions. These innovations enable the productive utilization of fertilizers cutting down unnecessary waste and lessening environmental impact. Consequently this creates avenues for businesses to come up with fertilizer solutions that cater to these changing requirements.

Growth Opportunities in North America and Asia-Pacific

Asia Pacific Outlook

In the Asia Pacific region. With China and India leading the way. There is a demand for fertilizers due to intensive agricultural methods and the increasing need for food crops caused by population growth and improved economic conditions, in the region. This has led to a landscape comprising both regional and global companies striving to introduce innovative solutions tailored to specific soils to stay ahead of the game. One of the factors influencing this market is the growth of precision agriculture. This method utilizes data and GPS technology to optimize the use of fertilizers. Another significant trend is the shift, towards farming methods that involve the application of bio based fertilizers.

North America Outlook

The fertilizer market in North America is attractive for those involved in it due to the support from the government for improving crop yields and sustainable farming methods in this region where the US and Canada play roles in agricultural production. Major players, in this sector are companies that focus on forming partnerships and introducing creative approaches to boost crop output. Businesses must keep themselves updated about the trends in organic and bio based fertilizers as these are becoming increasingly popular, among farmers committed to sustainable practices.

North America Outlook

The fertilizer market in North America is attractive for those involved in it due to the support from the government for improving crop yields and sustainable farming methods in this region where the US and Canada play roles in agricultural production. Major players, in this sector are companies that focus on forming partnerships and introducing creative approaches to boost crop output. Businesses must keep themselves updated about the trends in organic and bio based fertilizers as these are becoming increasingly popular, among farmers committed to sustainable practices.

Asia-Pacific Outlook

In the Asia Pacific region. With China and India leading the way. There is a demand for fertilizers due to intensive agricultural methods and the increasing need for food crops caused by population growth and improved economic conditions, in the region. This has led to a landscape comprising both regional and global companies striving to introduce innovative solutions tailored to specific soils to stay ahead of the game. One of the factors influencing this market is the growth of precision agriculture. This method utilizes data and GPS technology to optimize the use of fertilizers. Another significant trend is the shift, towards farming methods that involve the application of bio based fertilizers.

Growth Opportunities in North America and Asia-Pacific

Established and Emerging Market's Growth Trend 2025–2034

1

Major Markets : United States, China, India, Brazil, Canada are expected to grow at 4.4% to 6.5% CAGR

2

Emerging Markets : Vietnam, Brazil, South Africa are expected to grow at 7.8% to 9.4% CAGR

Market Analysis Chart

Investigating the factors influencing the fertilizer industry reveals an aspect of the agriculture domain. Driving forces in the market encompass the increasing food demand driven by a growing population. This ongoing pattern highlights the necessity, for fertilizers that can improve crop production effectively and securely. However the fertilizers sector faces its set of obstacles.

Recent Developments and Technological Advancement

December 2024

At its site in Ludwigshafen, in Germany BASF SE increased its production capacity of NPK Fertilizers to keep up with the growing market demand.

October 2024

Yara International has launched a fertilizer containing phosphorous that is specially formulated to promote better growth, in plants.

August 2024

The Mosaic Company introduced a slow release fertilizer that aims to enhance nutrient absorption while minimizing harm to the environment.

The fertilizer market worldwide has experienced transformations due to the influence of new technologies and emerging trends on its trajectory. Advancements in production methods have led to an upsurge in the availability of cost top notch fertilizers that are reshaping agricultural practices and enhancing crop output. Concurrently a growing recognition of the repercussions associated with traditional fertilizers is fueli ng interest, in organic and environmentally sustainable alternatives.

Impact of Industry Transitions on the Fertilizers Market

As a core segment of the Agrochemicals industry, the Fertilizers market develops in line with broader industry shifts. Over recent years, transitions such as Adoption of Organic Fertilizers and Emergence of Precision Fertilization have redefined priorities across the Agrochemicals sector, influencing how the Fertilizers market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.

1

Adoption of Organic Fertilizers:

In years there has been a noticeable shift in the fertilizers sector towards organic alternatives. This change is largely driven by a growing awareness among consumers about the health hazards and environmental impact associated with synthetic fertilizers. As a result manufacturers have launched a range of organic fertilizers on the market spurring innovation and advancement, in the industry. The shift has not only impacted the fertilizers industry but has also triggered a similar movement towards sustainable and natural practices in fields, like agriculture and horticulture.

2

Emergence of Precision Fertilization:

In the field of fertilizers industry there is another shift occurring with the emergence of precision fertilization that utilizes cutting edge technologies, like GPS and robotics to enhance accuracy and efficiency in fertilizer application which significantly reduces waste and boosts crop yields accordingly This innovative method is revolutionizing agriculture by enabling high yield and cost efficient farming practices.

Global Events Shaping Future Growth

The chart below highlights how external events including emerging market developments, regulatory changes, and technological disruptions, have added another layer of complexity to the Agrochemicals industry. These events have disrupted supply networks, changed consumption behavior, and reshaped growth patterns. Together with structural industry transitions, they demonstrate how changes within the Agrochemicals industry cascade into the Fertilizers market, setting the stage for its future growth trajectory.

Market Dynamics and Supply Chain

Driver: Rise in Precision Farming, and Adoption of Organic Farming Practices

Technology has also ushered in an era for farming practices with precision agriculture emerging as a key trend in the farming sector nowadays. The main objective of precision agriculture is also to provide crops with nutrients essential for their growth and development. This approach has also led to a surge in the requirement, for fertilizers tailored to nutrients. By enhancing crop yields and reducing resource wastage simultaneously precision agriculture is also driving the expansion of the fertilizer industry.
The increasing appeal and customer inclination towards cultivated fruits and vegetables have also reshaped the fertilizer industry landscape. Organic fertilizers that originate from sources are also experiencing a surge in interest because of their numerous advantages for soil fertility improvement, crop excellence enhancement and environmental preservation. This trend suggests a future for this category, within the fertilizer market.
The rapid growth of the worlds population is also causing a rise in the need for food production to keep pace with demand. There is also a growing necessity for improved farming methods to address this challenge. This often includes the utilization of fertilizers to boost crop output. This trend is also expected to boost the fertilizerindustrysgrowth prospects especially in relation, to fertilizers that improve crop yields.

Restraint: Regulatory Challenges

The fertilizer sector is facing regulatory hurdles that could hinder market expansion as governments globally prioritize environmental protection by imposing strict rules on synthetic fertilizer usage to combat concerns like groundwater contamination and environmental harm from these fertilizers which can alter demand patterns significantly for companies, in the sector as they must adapt their production processes to meet these regulations leading to higher production costs that impact market dynamics ultimately.

Challenge: Volatility in Raw Material Prices

One major obstacle that hinders the expansion of the fertilizer industry is the fluctuating prices of materials such as natural gas and other essential resources used in fertilizer production process which leads to unpredictable production costs and poses challenges for long term planning and investment strategies, for fertilizer producers.

Supply Chain Landscape

Raw Material Sourcing

Mosaic Company

PotashCorp

Primary Production

Yara International

CF Industries

Formulation & Processing
Agrium Inc. / K+S AG
Distribution & Retailing
Bunge Ltd / Cargill
Raw Material Sourcing

Mosaic Company

PotashCorp

Primary Production

Yara International

CF Industries

Formulation & Processing

Agrium Inc.

K+S AG

Distribution & Retailing

Bunge Ltd

Cargill

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Leading Providers and Their Strategies

Application AreaIndustryLeading Providers / ConsumersProvider Strategies
Agriculture
Crop Production
Yara International
Focus on nutrient-rich fertilizers to increase crop yield
Horticulture
Gardening and Landscaping
Scotts Miracle-Gro Company
Emphasis on organic fertilizers to promote sustainable gardening
Biofertilizers
Organic Agriculture
Novozymes
Development of microbial fertilizers to improve soil fertility
Hydroponics
Controlled Environment Agriculture
Haifa Chemicals
Innovation in water-soluble fertilizers for nutrient film technique systems

Elevate your strategic vision with in-depth analysis of key applications, leading market players, and their strategies. The report analyzes industry leaders' views and statements on the Fertilizers market's present and future growth.

Our research is created following strict editorial standards. See our Editorial Policy

Applications of Fertilizers in Agriculture Segment, Home Gardens and Lawns and Golf Courses

Agriculture Segment

In farming practices around the world today fertilizers are essential for enhancing the growth of crops and meeting the growing need for food globally. Nitrogen based fertilizers are commonly utilized to encourage plant development and enhance crop output. Yara International and Nutrien Ltd are known players, in this industry recognized for their expertise in sustainable crop nutrition and innovative agricultural solutions respectively.

Home Gardens and Lawns

Fertilizer use in home gardens and residential lawns is a practice that stands out prominently in these spaces where Phosphate and Potash based fertilizers are commonly applied to nurture vibrant green landscapes and soil rich in nutrients. The leading companies, in this sector include Scotts Miracle Gro Company with its range of lawn care products and ICL Specialty Fertilizers specializing in horticulture products.

Golf Courses

The upkeep of golf courses requires fertilizers tailored to promote the health and visual charm of the turf grasses on the grounds. There is a preference for fertilizers in iron to enhance the lush green hue of the turf. Two prominent companies, in this field are Floratine Products Group which excels in maintenance and Lebanon Turf known for its cutting edge approach to turf care.

Fertilizers vs. Substitutes:
Performance and Positioning Analysis

The use of fertilizers is crucial for maintaining agricultural yields as they are more reliable and nutrient rich compared to alternatives such as compost in the farmingindustry'squest, for sustainability and food security worldwide. These Alternatives specially Compost has experienced a rapid growth as detailed in our latest report.

Fertilizers
  • Compost /
  • Green Manure /
  • Biochar
    Enhances plant growth, Improves soil fertility
    Can cause environmental pollution, Over-reliance can degrade soil health
    Organic alternatives to fertilizers are environmentally friendly, contribute to soil health
    require longer time to show results, effects are not

Fertilizers vs. Substitutes:
Performance and Positioning Analysis

Fertilizers

  • Enhances plant growth, Improves soil fertility
  • Can cause environmental pollution, Over-reliance can degrade soil health

Compost / Green Manure / Biochar

  • Organic alternatives to fertilizers are environmentally friendly, contribute to soil health
  • require longer time to show results, effects are not

The use of fertilizers is crucial for maintaining agricultural yields as they are more reliable and nutrient rich compared to alternatives such as compost in the farmingindustry'squest, for sustainability and food security worldwide. These Alternatives specially Compost has experienced a rapid growth as detailed in our latest report.

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Research Methodology

This market research methodology defines the Fertilizers market scope, gathers reliable data, and validates findings using integrated primary and secondary research. Our systematic framework ensures precise market sizing, growth trend analysis, and competitive benchmarking.


Secondary Research Approach


We begin secondary research by defining the targeted market at macro and micro levels. As part of the Agrochemicals ecosystem, we analyze Fertilizers across Agriculture, Horticulture, and Gardening Applications. Our team gathers data systematically from country level ministerial sources, industry associations & federations, trade databases, company annual & quarterly reports and other credential sources, enabling us to map global and regional market size, pricing trends, regulatory standards, and technology advancements.



Key Sources Referenced:


We benchmark competitors such as Yara International ASA, Nutrien Ltd., and The Mosaic Company by reviewing company financial statements, and regulatory filings. Our secondary insights identify key market drivers and constraints, forming the analytical foundation for primary research.


Primary Research Methods


We conduct structured interviews and surveys with industry stakeholders, including Raw Material Sourcing, Primary Production, and Formulation & Processing. Our geographic coverage spans Americas (40%), Europe (30%), Asia-Pacific (25%) and Middle East & Africa (5%). Our online surveys generally achieve a response rate of above 65%, and telephone interviews yield 60%, resulting in above 92% confidence level with a ±7% margin of error.


Through targeted questionnaires and in-depth interviews, we capture purchase intent, adoption barriers, brand perception across Segment Type. We use interview guides to ensure consistency and anonymous survey options to mitigate response bias. These primary insights validate secondary findings and align market sizing with real-world conditions.


Market Engineering & Data Analysis Framework


Our data analysis framework integrates Top-Down, Bottom-Up, and Company Market Share approaches to estimate and project market size with precision.


Top-down & Bottom-Up Process


In Top-down approach, we disaggregate global Agrochemicals revenues to estimate the Fertilizers segment, using historical growth patterns to set baseline trends. Simultaneously, in Bottom-up approach, we aggregate Country-Level Demand Data to derive regional and global forecasts, which provide granular consumption insights. By reconciling both approaches, we ensure statistical precision and cross-validation accuracy.


We evaluate the supply chain, spanning Raw Material Sourcing (Mosaic Company, PotashCorp), Primary Production (Yara International, CF Industries), and Formulation & Processing. Our parallel substitute analysis examines Compost, Green Manure, and Biochar, highlighting diversification opportunities and competitive risks.


Company Market Share & Benchmarking


We benchmark leading companies such as Yara International ASA, Nutrien Ltd., and The Mosaic Company, analyzing their capabilities in pricing, product features, technology adoption, and distribution reach. By assessing company-level revenues and product portfolios, we derive market share comparisons, clarifying competitive positioning and growth trajectories across the ecosystem.


Our integration of data triangulation, supply chain evaluation, and company benchmarking, supported by our proprietary Directional Superposition methodology enables us to deliver precise forecasts and actionable strategic insights into the Fertilizers market.


Quality Assurance and Compliance


We cross-reference secondary data with primary inputs and external expert reviews to confirm consistency. Further, we use stratified sampling, anonymous surveys, third-party interviews, and time-based sampling to reduce bias and strengthen our results.


Our methodology is developed in alignment with ISO 20252 standards and ICC/ESOMAR guidelines for research ethics. The study methodology follows globally recognized frameworks such as ISO 20252 and ICC codes of practice.

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Fertilizers Market Data: Size, Segmentation & Growth Forecast

Report AttributeDetails
Market Value in 2025USD 217 billion
Revenue Forecast in 2034USD 392 billion
Growth RateCAGR of 6.8% from 2025 to 2034
Base Year for Estimation2024
Industry Revenue 2024203 billion
Growth OpportunityUSD 189 billion
Historical Data2019 - 2023
Growth Projection / Forecast Period2025 - 2034
Market Size UnitsMarket Revenue in USD billion and Industry Statistics
Market Size 2024203 billion USD
Market Size 2027247 billion USD
Market Size 2029282 billion USD
Market Size 2030301 billion USD
Market Size 2034392 billion USD
Market Size 2035419 billion USD
Report CoverageMarket revenue for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments CoveredApplication Area, Type, Application Mode, Fertilizer Nutrient Content, Sales Channel
Regional scopeNorth America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country scopeU.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Companies ProfiledYara International ASA, Nutrien Ltd., The Mosaic Company, CF Industries Holdings Inc., PhosAgro, OCP Group, Israel Chemicals Ltd., Bunge Limited, Sociedad Qumica y Minera de Chile, Bayer Crop Science, BASF SE and Syngenta AG
CustomizationFree customization at segment, region or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement which is almost equivalent to 10% of report value

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Table of Contents

Industry Insights Report - Table Of Contents

Chapter 1

Executive Summary

Major Markets & Their Performance - Statistical Snapshots

Chapter 2

Research Methodology

2.1Axioms & Postulates
2.2Market Introduction & Research MethodologyEstimation & Forecast Parameters / Major Databases & Sources
Chapter 3

Market Dynamics

3.1Market OverviewDrivers / Restraints / Opportunities / M4 Factors
3.2Market Trends
3.2.1Introduction & Narratives
3.2.2Market Trends - Impact Analysis(Short, Medium & Long Term Impacts)
3.3Supply Chain Analysis
3.4Porter's Five ForcesSuppliers & Buyers' Bargaining Power, Threat of Substitution & New Market Entrants, Competitive Rivalry
Chapter 4

Fertilizers Market Size, Opportunities & Strategic Insights, by Application Area

4.1Agriculture
4.2Horticulture
4.3Gardening
4.4Others
Chapter 5

Fertilizers Market Size, Opportunities & Strategic Insights, by Type

5.1Synthetic
5.2Organic
5.3Bio
Chapter 6

Fertilizers Market Size, Opportunities & Strategic Insights, by Application Mode

6.1Broadcasting
6.2Drill
6.3Injection
6.4Drip
6.5Foliar
6.6Others
Chapter 7

Fertilizers Market Size, Opportunities & Strategic Insights, by Fertilizer Nutrient Content

7.1Primary Nutrients
7.2Secondary Nutrients
7.3Micro Nutrients
Chapter 8

Fertilizers Market Size, Opportunities & Strategic Insights, by Sales Channel

8.1Direct
8.2Consultation Based
8.3Online Retail
8.4Distributors
Chapter 9

Fertilizers Market, by Region

9.1North America Fertilizers Market Size, Opportunities, Key Trends & Strategic Insights
9.1.1U.S.
9.1.2Canada
9.2Europe Fertilizers Market Size, Opportunities, Key Trends & Strategic Insights
9.2.1Germany
9.2.2France
9.2.3UK
9.2.4Italy
9.2.5The Netherlands
9.2.6Rest of EU
9.3Asia Pacific Fertilizers Market Size, Opportunities, Key Trends & Strategic Insights
9.3.1China
9.3.2Japan
9.3.3South Korea
9.3.4India
9.3.5Australia
9.3.6Thailand
9.3.7Rest of APAC
9.4Middle East & Africa Fertilizers Market Size, Opportunities, Key Trends & Strategic Insights
9.4.1Saudi Arabia
9.4.2United Arab Emirates
9.4.3South Africa
9.4.4Rest of MEA
9.5Latin America Fertilizers Market Size, Opportunities, Key Trends & Strategic Insights
9.5.1Brazil
9.5.2Mexico
9.5.3Rest of LA
9.6CIS Fertilizers Market Size, Opportunities, Key Trends & Strategic Insights
9.6.1Russia
9.6.2Rest of CIS
Chapter 10

Competitive Landscape

10.1Competitive Dashboard & Market Share Analysis
10.2Company Profiles (Overview, Financials, Developments, SWOT)
10.2.1Yara International ASA
10.2.2Nutrien Ltd.
10.2.3The Mosaic Company
10.2.4CF Industries Holdings Inc.
10.2.5PhosAgro
10.2.6OCP Group
10.2.7Israel Chemicals Ltd.
10.2.8Bunge Limited
10.2.9Sociedad Qumica y Minera de Chile
10.2.10Bayer Crop Science
10.2.11BASF SE
10.2.12Syngenta AG