Fertilizers Market
Fertilizers Market Forecasts to 2032 – Global Analysis By Type (Nitrogenous Fertilizers, Phosphatic Fertilizers, Potassic Fertilizers, Complex & Specialty Fertilizers, Micronutrient Fertilizers, Biofertilizers & Organic Fertilizers, and Other Types), Formulation, Technology, Distribution Channel, Application, End User and By Geography
According to Stratistics MRC, the Global Fertilizers Market is accounted for $302.63 billion in 2025 and is expected to reach $455.04 billion by 2032 growing at a CAGR of 6.0% during the forecast period. Fertilizers are substances applied to soil or plants to supply essential nutrients that enhance growth, productivity, and crop quality. They replenish nutrients such as nitrogen, phosphorus, and potassium that are depleted during cultivation. Fertilizers may be organic, derived from natural sources, or inorganic, manufactured through chemical processes. By improving soil fertility and supporting healthy plant development, fertilizers play a vital role in modern agriculture, helping farmers achieve higher yields, ensure food security, and maintain sustainable farming practices across diverse cropping systems.
According to the Food and Agriculture Organization (FAO), Fertilizer consumption globally grew by 4.5% to around 210 million metric tons this year, as measured in metric tons
Market Dynamics:
Driver:
Shift in dietary patterns
Growing urbanization and rising incomes are altering food preferences, leading to increased demand for diversified and high-quality crops. To meet this demand, farmers are focusing on maximizing yields per unit area through efficient nutrient management. Fertilizers play a critical role in improving soil fertility and supporting intensive cropping systems. Awareness of balanced plant nutrition is increasing among commercial growers and agribusinesses. This shift is encouraging the use of specialized and crop-specific fertilizer formulations. As a result, evolving dietary habits are directly contributing to sustained growth in the fertilizers market.
Restraint:
Limited adoption by smallholders
High input costs and restricted access to credit discourage consistent fertilizer usage in low-income farming communities. Inadequate knowledge about optimal application rates and timing further reduces effectiveness and confidence. Fragmented landholdings make mechanized and precision-based fertilizer application less viable. Distribution challenges in remote rural areas also limit product availability. Smallholders often prioritize short-term cost savings over long-term soil productivity. These factors collectively slow fertilizer penetration in developing agricultural economies.
Opportunity:
Technological innovations & smart fertilizers
Controlled-release, slow-release, and stabilized formulations improve nutrient uptake and reduce losses. Integration of digital agriculture tools enables precise nutrient recommendations based on soil and crop data. Smart fertilizers help optimize input use while minimizing environmental impact. Innovations in coating technologies and micronutrient fortification are improving crop response. Farmers benefit from higher efficiency and improved return on investment. These innovations are positioning advanced fertilizers as a key growth avenue for the market.
Threat:
Competition from organic & alternative inputs
Increasing consumer demand for organic and residue-free food is influencing farming practices. Government policies promoting sustainable and natural agriculture are supporting bio-based inputs. Organic manures, biofertilizers, and compost are gaining acceptance as eco-friendly solutions. Environmental concerns related to chemical fertilizer overuse are strengthening this shift. Price volatility and regulatory scrutiny further challenge synthetic fertilizer adoption. Together, these factors may limit growth prospects for traditional fertilizer products.
Covid-19 Impact:
The COVID-19 pandemic caused temporary disruptions across fertilizer production, supply chains, and logistics. Lockdowns and movement restrictions affected raw material availability and manufacturing operations. Delays in transportation led to regional shortages during critical planting seasons. However, agriculture being classified as an essential sector ensured faster recovery compared to other industries. Governments prioritized food security, supporting continued fertilizer demand. Companies adapted by strengthening local supply networks and inventory management. Post-pandemic, the market has shown resilience with renewed focus on supply chain stability.
The nitrogenous fertilizers segment is expected to be the largest during the forecast period
The nitrogenous fertilizers segment is expected to account for the largest market share during the forecast period, due to its essential role in crop growth. Nitrogen is a primary nutrient required for vegetative development and yield enhancement. Crops such as cereals and oilseeds have high nitrogen demand, driving consistent usage. Products like urea and ammonium nitrate are widely adopted due to cost-effectiveness. Easy availability and quick crop response further support segment dominance. Government subsidies in several regions also favor nitrogenous fertilizers.
The horticulture segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the horticulture segment is predicted to witness the highest growth rate, due to rising demand for fruits and vegetables. Increasing health awareness is encouraging consumption of fresh and nutritious produce. Horticultural crops require intensive nutrient management for quality and yield optimization. Fertilizers enhance color, size, shelf life, and overall market value of produce. Growth of protected cultivation and greenhouse farming is boosting fertilizer usage. Export-oriented horticulture is further driving adoption of specialized fertilizers.
Region with largest share:
During the forecast period, the Europe region is expected to hold the largest market share, due to advanced agricultural practices. The region has well-established farming infrastructure and high fertilizer application efficiency. Strong emphasis on crop productivity and quality supports sustained demand. Adoption of precision farming and nutrient management technologies is widespread. Regulatory frameworks encourage balanced fertilizer usage rather than elimination. Presence of major fertilizer manufacturers strengthens regional supply chains.
Region with highest CAGR:
Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR, owing to rapid agricultural expansion. Rising population and food demand are pressuring farmers to improve yields. Countries such as China and India are increasing fertilizer consumption to support staple crops. Government initiatives promoting modern farming inputs are accelerating adoption. Growth in horticulture and cash crops is boosting nutrient demand. Improving awareness of soil health is influencing fertilizer usage patterns.
Key players in the market
Some of the key players in Fertilizers Market include Wesfarme, PhosAgro, Nutrien Lt, OCI, Yara Intern, Fertiglobe, The Mosai, Chambal F, CF Industr, Sinofert H, SQM S.A., Coromand, Israel Che, OCP Group, and K+S Aktie.
Key Developments:
In August 2025, BASF and Yara International ASA have jointly decided to discontinue their project to develop a low-carbon ammonia production facility with carbon capture and storage in the U.S. Gulf Coast region. This decision reflects the companies’ commitment to focus on initiatives with the highest potential to achieve their respective value creation goals. Yara will continue its ammonia strategy as previously communicated, evaluating and maturing equity investment opportunities in U.S. ammonia to determine the optimal project portfolio.
In August 2024, The Australian Chamber Orchestra (ACO) has announced that Wesfarmers Arts has become the Principal Partner of the organisation. The Principal Partnership will commence from the announcement of the ACO’s 2025 Season, during which the Orchestra will celebrate its 50th anniversary year. This announcement marks the continuation of a rich history of collaboration between the two companies that began nearly three decades ago.
Types Covered:
• Nitrogenous Fertilizers
• Phosphatic Fertilizers
• Potassic Fertilizers
• Complex & Specialty Fertilizers
• Micronutrient Fertilizers
• Biofertilizers & Organic Fertilizers
• Other Types
Formulations Covered:
• Granular
• Liquid
• Powder
Technologies Covered:
• Conventional Fertilizers
• Controlled-Release & Slow-Release Fertilizers
• Nano-Fertilizers
• Bio-based & Microbial Fertilizers
Distribution Channels Covered:
• Direct Sales
• Retail
• E-Commerce/Online Platforms
Applications Covered:
• Field Crops
• Horticulture
• Turf & Landscaping
• Other Applications
End Users Covered:
• Commercial Farms
• Smallholder Farms
• Government/Institutional Buyers
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Fertilizers Market, By Type
5.1 Introduction
5.2 Nitrogenous Fertilizers
5.2.1 Urea
5.2.2 Ammonium Nitrate
5.2.3 ANFO
5.3 Phosphatic Fertilizers
5.3.1 Single Superphosphate (SSP)
5.3.2 Triple Superphosphate (TSP)
5.3.3 Diammonium Phosphate (DAP)
5.4 Potassic Fertilizers
5.4.1 Muriate of Potash (MOP)
5.4.2 Sulphate of Potash (SOP)
5.5 Complex & Specialty Fertilizers
5.6 Micronutrient Fertilizers
5.7 Biofertilizers & Organic Fertilizers
5.8 Other Types
6 Global Fertilizers Market, By Formulation
6.1 Introduction
6.2 Granular
6.3 Liquid
6.4 Powder
7 Global Fertilizers Market, By Technology
7.1 Introduction
7.2 Conventional Fertilizers
7.3 Controlled-Release & Slow-Release Fertilizers
7.4 Nano-Fertilizers
7.5 Bio-based & Microbial Fertilizers
8 Global Fertilizers Market, By Distribution Channel
8.1 Introduction
8.2 Direct Sales
8.3 Retail
8.3.1 Agri Input Retail Stores
8.3.2 Cooperatives
8.4 E-Commerce/Online Platforms
9 Global Fertilizers Market, By Application
9.1 Introduction
9.2 Field Crops
9.2.1 Cereals & Grains
9.2.2 Oilseeds
9.2.3 Pulses
9.3 Horticulture
9.3.1 Fruits
9.3.2 Vegetables
9.3.3 Flowers & Ornamentals
9.4 Turf & Landscaping
9.5 Other Applications
10 Global Fertilizers Market, By End User
10.1 Introduction
10.2 Commercial Farms
10.3 Smallholder Farms
10.4 Government/Institutional Buyers
10.5 Other End Users
11 Global Fertilizers Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Wesfarmers
13.2 PhosAgro
13.3 Nutrien Ltd.
13.4 OCI
13.5 Yara International ASA
13.6 Fertiglobe
13.7 The Mosaic Company
13.8 Chambal Fertilisers
13.9 CF Industries Holdings, Inc.
13.10 Sinofert Holdings Limited
13.11 SQM S.A.
13.12 Coromandel International Limited
13.13 Israel Chemicals Ltd.
13.14 OCP Group
13.15 K+S Aktiengesellschaft
List of Tables
1 Global Fertilizers Market Outlook, By Region (2024-2032) ($MN)
2 Global Fertilizers Market Outlook, By Type (2024-2032) ($MN)
3 Global Fertilizers Market Outlook, By Nitrogenous Fertilizers (2024-2032) ($MN)
4 Global Fertilizers Market Outlook, By Urea (2024-2032) ($MN)
5 Global Fertilizers Market Outlook, By Ammonium Nitrate (2024-2032) ($MN)
6 Global Fertilizers Market Outlook, By ANFO (2024-2032) ($MN)
7 Global Fertilizers Market Outlook, By Phosphatic Fertilizers (2024-2032) ($MN)
8 Global Fertilizers Market Outlook, By Single Superphosphate (SSP) (2024-2032) ($MN)
9 Global Fertilizers Market Outlook, By Triple Superphosphate (TSP) (2024-2032) ($MN)
10 Global Fertilizers Market Outlook, By Diammonium Phosphate (DAP) (2024-2032) ($MN)
11 Global Fertilizers Market Outlook, By Potassic Fertilizers (2024-2032) ($MN)
12 Global Fertilizers Market Outlook, By Muriate of Potash (MOP) (2024-2032) ($MN)
13 Global Fertilizers Market Outlook, By Sulphate of Potash (SOP) (2024-2032) ($MN)
14 Global Fertilizers Market Outlook, By Complex & Specialty Fertilizers (2024-2032) ($MN)
15 Global Fertilizers Market Outlook, By Micronutrient Fertilizers (2024-2032) ($MN)
16 Global Fertilizers Market Outlook, By Biofertilizers & Organic Fertilizers (2024-2032) ($MN)
17 Global Fertilizers Market Outlook, By Other Types (2024-2032) ($MN)
18 Global Fertilizers Market Outlook, By Formulation (2024-2032) ($MN)
19 Global Fertilizers Market Outlook, By Granular (2024-2032) ($MN)
20 Global Fertilizers Market Outlook, By Liquid (2024-2032) ($MN)
21 Global Fertilizers Market Outlook, By Powder (2024-2032) ($MN)
22 Global Fertilizers Market Outlook, By Technology (2024-2032) ($MN)
23 Global Fertilizers Market Outlook, By Conventional Fertilizers (2024-2032) ($MN)
24 Global Fertilizers Market Outlook, By Controlled-Release & Slow-Release Fertilizers (2024-2032) ($MN)
25 Global Fertilizers Market Outlook, By Nano-Fertilizers (2024-2032) ($MN)
26 Global Fertilizers Market Outlook, By Bio-based & Microbial Fertilizers (2024-2032) ($MN)
27 Global Fertilizers Market Outlook, By Distribution Channel (2024-2032) ($MN)
28 Global Fertilizers Market Outlook, By Direct Sales (2024-2032) ($MN)
29 Global Fertilizers Market Outlook, By Retail (2024-2032) ($MN)
30 Global Fertilizers Market Outlook, By Agri Input Retail Stores (2024-2032) ($MN)
31 Global Fertilizers Market Outlook, By Cooperatives (2024-2032) ($MN)
32 Global Fertilizers Market Outlook, By E-Commerce/Online Platforms (2024-2032) ($MN)
33 Global Fertilizers Market Outlook, By Application (2024-2032) ($MN)
34 Global Fertilizers Market Outlook, By Field Crops (2024-2032) ($MN)
35 Global Fertilizers Market Outlook, By Cereals & Grains (2024-2032) ($MN)
36 Global Fertilizers Market Outlook, By Oilseeds (2024-2032) ($MN)
37 Global Fertilizers Market Outlook, By Pulses (2024-2032) ($MN)
38 Global Fertilizers Market Outlook, By Horticulture (2024-2032) ($MN)
39 Global Fertilizers Market Outlook, By Fruits (2024-2032) ($MN)
40 Global Fertilizers Market Outlook, By Vegetables (2024-2032) ($MN)
41 Global Fertilizers Market Outlook, By Flowers & Ornamentals (2024-2032) ($MN)
42 Global Fertilizers Market Outlook, By Turf & Landscaping (2024-2032) ($MN)
43 Global Fertilizers Market Outlook, By Other Applications (2024-2032) ($MN)
44 Global Fertilizers Market Outlook, By End User (2024-2032) ($MN)
45 Global Fertilizers Market Outlook, By Commercial Farms (2024-2032) ($MN)
46 Global Fertilizers Market Outlook, By Smallholder Farms (2024-2032) ($MN)
47 Global Fertilizers Market Outlook, By Government/Institutional Buyers (2024-2032) ($MN)
48 Global Fertilizers Market Outlook, By Other End Users (2024-2032) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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