Fertilizers Market
Fertilizers Market Forecasts to 2032 - Global Analysis By Product (Organic, Inorganic and Other Products), Form, Crop Type, Application and By Geography
According to Stratistics MRC, the Global Fertilizers Market is accounted for $402.5 billion in 2025 and is expected to reach $680.9 billion by 2032 growing at a CAGR of 7.8% during the forecast period. Fertilizers are substances applied to soil or plants to enhance growth and productivity by supplying essential nutrients like nitrogen, phosphorus, and potassium. They can be organic, derived from natural sources like compost and manure, or inorganic, produced synthetically to provide precise nutrient formulations. Fertilizers play a crucial role in modern agriculture, helping improve crop yields, soil fertility, and food security. Sustainable fertilizer practices, including slow-release and bio-based alternatives, are being adopted globally to balance agricultural productivity with ecological conservation, ensuring long-term soil health and sustainability.
According to the Food and Agriculture Organization, 70% of the?global?population is expected to live in cities by 2050.
Market Dynamics:
Driver:
Government subsidies & policies
Government initiatives promoting agricultural productivity through fertilizer subsidies are accelerating market growth. Programs like India’s PM-KISAN and the EU’s Common Agricultural Policy (CAP) incentivize fertilizer adoption among farmers. Subsidies for urea and NPK fertilizers in emerging economies reduce financial burdens on smallholders, boosting demand. Policies encouraging balanced nutrient use to enhance soil health further drive market expansion. Additionally, climate-focused subsidies for low-carbon fertilizers align with global sustainability goals.
Restraint:
Fluctuating raw material costs
Volatility in prices of key inputs like natural gas, phosphate rock, and potash disrupts fertilizer production costs. Geopolitical tensions, such as the Russia-Ukraine conflict, exacerbate supply chain uncertainties for critical minerals. These fluctuations strain profit margins for manufacturers, leading to unstable pricing for end-users. Farmers in developing regions face affordability challenges, delaying purchases and reducing application rates. Energy-intensive production processes further amplify cost risks amid shifting fuel markets.
Opportunity:
Nano & liquid fertilizers
Innovations in nano-coated and liquid formulations enhance nutrient efficiency and reduce environmental leaching. Companies like IFFCO and Haifa Group are investing in precision delivery systems for targeted crop uptake. These products cater to water-scarce regions by minimizing waste and improving yield consistency. Rising adoption of fertigation and foliar spraying techniques supports market penetration. Regulatory approvals for eco-friendly nano-fertilizers also open doors in organic farming sectors.
Threat:
Dependency on imports
Many countries rely heavily on imported fertilizers, exposing them to trade disruptions and currency risks. For instance, India imports 30–40% of its potash, leaving it vulnerable to global price spikes. Sanctions on major exporters like Russia and Belarus strain supply chains for key markets. Geopolitical instability in resource-rich regions compounds delivery delays and inventory shortages. Over-reliance on imports also limits domestic price control and agricultural resilience.
Covid-19 Impact:
The pandemic disrupted fertilizer supply chains, causing temporary shortages and price surges lockdowns delayed mining, production, and logistics, particularly in China and North Africa. However, governments prioritized agriculture as an essential sector, easing restrictions to stabilize supplies. Post-pandemic, demand rebounded sharply due to food security concerns and stockpiling. The crisis also accelerated digitization in fertilizer distribution and precision farming practices.
The organic segment is expected to be the largest during the forecast period
The organic segment is expected to account for the largest market share during the forecast period due to rising consumer preference for chemical-free and environmentally friendly food products. Governments worldwide are supporting organic farming with subsidies, certification schemes, and awareness programs. Increasing soil degradation has also pushed farmers toward sustainable soil-enriching alternatives. The growth of the organic food industry is directly influencing demand for natural and bio-based fertilizers. Moreover, the use of organic waste in fertilizer production aligns with global circular economy initiatives.
The conventional segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the conventional segment is predicted to witness the highest growth rate due to their widespread availability and fast-acting nature. Farmers in high-yield agricultural zones prefer conventional fertilizers for their quick results and familiarity. Ongoing mechanization and precision agriculture are enabling more efficient application of traditional fertilizers. Emerging economies continue to invest in conventional inputs to enhance food productivity and meet rising demand. Furthermore, innovations in coating and slow-release technologies are improving the performance of conventional products.
Region with largest share:
During the forecast period, the Asia Pacific region is expected to hold the largest market share owing to its large agricultural base and increasing food demand from dense populations. Countries like India and China are witnessing strong governmental backing for fertilizer subsidies and rural development. Expanding farmland under cultivation and diverse cropping patterns are boosting fertilizer usage across the region. The presence of major producers and exporters also reinforces Asia Pacific’s dominance. Additionally, regional innovation in biofertilizers and nutrient management practices is driving sustainable market expansion.
Region with highest CAGR:
Over the forecast period, the North America region is anticipated to exhibit the highest CAGR due to Precision agricultural technologies and adoption of specialty fertilizers propel growth. The U.S. Farm Bill’s focus on sustainable practices supports biofertilizer R&D. Canada’s potash exports and Mexico’s agro-industrial growth further stimulate regional dynamics. Climate-smart policies and carbon credit programs incentivize low-emission fertilizer production.
Key players in the market
Some of the key players in Fertilizers Market include Westfarmers, Yara International, Nutrien, The Mosaic Company, CF Industries Holdings, K+S Group, EuroChem Group, Israel Chemicals, OCP Group, Haifa Group, IFFCO, Sinofert Holdings Limited, Coromandel International Limited, Uralkali, Bunge Limited, and Syngenta.
Key Developments:
In February 2025, Coromandel International Limited received an order from the Government of Andhra Pradesh extending capital and other subsidies for the proposed investment of ?1,539 crore towards the expansion of the fertilizer manufacturing facility at Kakinada. The incentives include 45% of eligible Fixed Capital Investment, subject to certain compliances and conditions.
In December 2024, Coromandel International partnered with International Fertilizer Development Center (IFDC) to advance fertilizer innovation and sustainable agriculture in India. The collaboration focuses on next-generation fertilizers to enhance nutrient efficiency and reduce environmental impact.
In September 2024, Mosaic Company reported operational disruptions affecting its Potash and Phosphate segments, reducing third-quarter production and shipment volumes. Despite challenges, the company-maintained resilience in financial outlook and continued share buyback programs.
Products Covered:
• Organic
• Inorganic
• Other Products
Forms Covered:
• Conventional
• Speciality
• Other Forms
Crop Types Covered:
• Cereals & Grains
• Oilseeds & Pulses
• Fruits & Vegetables
• Other Crop Types
Applications Covered:
• Soil Application
• Foliar Application
• Fertigation
• Seed Treatment
• Other Applications
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
o 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 Product Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 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 Product
5.1 Introduction
5.2 Organic
5.2.1 Plant based
5.2.2 Animal based
5.2.3 Mineral based
5.3 Inorganic
5.3.1 Nitrogen
5.3.2 Phosphorus
5.3.3 Potassium
5.4 Other Products
6 Global Fertilizers Market, By Form
6.1 Introduction
6.2 Conventional
6.3 Speciality
6.3.1 CRF
6.3.2 Liquid Fertilizer
6.3.3 SRF
6.4 Other Forms
7 Global Fertilizers Market, By Crop Type
7.1 Introduction
7.2 Cereals & Grains
7.3 Oilseeds & Pulses
7.4 Fruits & Vegetables
7.5 Other Crop Types
8 Global Fertilizers Market, By Application
8.1 Introduction
8.2 Soil Application
8.3 Foliar Application
8.4 Fertigation
8.5 Seed Treatment
8.6 Other Applications
9 Global Fertilizers Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Westfarmers
11.2 Yara International
11.3 Nutrien
11.4 The Mosaic Company
11.5 CF Industries Holdings
11.6 K+S Group
11.7 EuroChem Group
11.8 Israel Chemicals
11.9 OCP Group
11.10 Haifa Group
11.11 IFFCO
11.12 Sinofert Holdings Limited
11.13 Coromandel International Limited
11.14 Uralkali
11.15 Bunge Limited
11.16 Syngenta
List of Tables
1 Global Fertilizers Market Outlook, By Region (2024-2032) ($MN)
2 Global Fertilizers Market Outlook, By Product (2024-2032) ($MN)
3 Global Fertilizers Market Outlook, By Organic (2024-2032) ($MN)
4 Global Fertilizers Market Outlook, By Plant based (2024-2032) ($MN)
5 Global Fertilizers Market Outlook, By Animal based (2024-2032) ($MN)
6 Global Fertilizers Market Outlook, By Mineral based (2024-2032) ($MN)
7 Global Fertilizers Market Outlook, By Inorganic (2024-2032) ($MN)
8 Global Fertilizers Market Outlook, By Nitrogen (2024-2032) ($MN)
9 Global Fertilizers Market Outlook, By Phosphorus (2024-2032) ($MN)
10 Global Fertilizers Market Outlook, By Potassium (2024-2032) ($MN)
11 Global Fertilizers Market Outlook, By Other Products (2024-2032) ($MN)
12 Global Fertilizers Market Outlook, By Form (2024-2032) ($MN)
13 Global Fertilizers Market Outlook, By Conventional (2024-2032) ($MN)
14 Global Fertilizers Market Outlook, By Speciality (2024-2032) ($MN)
15 Global Fertilizers Market Outlook, By CRF (2024-2032) ($MN)
16 Global Fertilizers Market Outlook, By Liquid Fertilizer (2024-2032) ($MN)
17 Global Fertilizers Market Outlook, By SRF (2024-2032) ($MN)
18 Global Fertilizers Market Outlook, By Other Forms (2024-2032) ($MN)
19 Global Fertilizers Market Outlook, By Crop Type (2024-2032) ($MN)
20 Global Fertilizers Market Outlook, By Cereals & Grains (2024-2032) ($MN)
21 Global Fertilizers Market Outlook, By Oilseeds & Pulses (2024-2032) ($MN)
22 Global Fertilizers Market Outlook, By Fruits & Vegetables (2024-2032) ($MN)
23 Global Fertilizers Market Outlook, By Other Crop Types (2024-2032) ($MN)
24 Global Fertilizers Market Outlook, By Application (2024-2032) ($MN)
25 Global Fertilizers Market Outlook, By Soil Application (2024-2032) ($MN)
26 Global Fertilizers Market Outlook, By Foliar Application (2024-2032) ($MN)
27 Global Fertilizers Market Outlook, By Fertigation (2024-2032) ($MN)
28 Global Fertilizers Market Outlook, By Seed Treatment (2024-2032) ($MN)
29 Global Fertilizers Market Outlook, By Other Applications (2024-2032) ($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
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
