Fertilizer Market Size, Share and Industry Analysis Report By Form (Dry, Liquid), By Product (Organic, Inorganic), By Application (Agriculture, Horticulture, Gardening), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Landscape & Forecast, 2021 – 2027.

Published Date: Jun 2021  |  Report ID: GMI4577  |  Authors: Kiran Pulidindi, Akshay Prakash

Report Format: PDF   |   Pages: 400   |   Base Year: 2020

Summary Table of Contents Industry Coverage Methodology

Industry Overview

Fertilizer Market size was 171,759.7 million in 2020 and will grow at a CAGR of 2.4% from 2021 to 2027. The growing world population coupled with changing dietary preferences is expected to drive fertilizer industry expansion.

Fertilizer are materials of synthetic or natural origin that are applied to plant tissues or to soil in order to supply one or more nutrients to plants that are essential for their growth. It aids in higher crop production while maintaining and also improving soil nutrient availability. The increasing penetration of organic fertilizers has enabled farmers to use fertilizers more safely and efficiently, thereby minimizing the risk of exposure to harmful fertilizers.

Fertilizer Market Outlook

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The global agricultural industry faces a plethora of challenges. According to the United Nations, the global population is expected to grow beyond nine billion by 2050. This will exert tremendous pressure on the agricultural industry, which is dealing with a loss of productivity due to the shortage of labor and shrinking of agricultural lands due to rapid urbanization. According to the Food and Agricultural Organization, more than 70% of the world population is anticipated to reside in urban areas. The reduction in arable lands across countries is compelling farmers to increase their agricultural output by using fertilizers.

Various government and non-government entities around the world are creating awareness to highlight the use of fertilizers and their positive impact on agriculture output. The promotion of fertilizers through radio, TV, and rural centers is expected to have a positive impact on the fertilizer market share. Moreover, increasing rural incomes along with easy and fast availability of credit are also anticipated to drive revenue generation.

Lack of awareness regarding the usage of fertilizers coupled with fertilizer subsidy programs is negatively impacting soil and human health. To increase their output, farmers tend to overuse fertilizers, which is detrimental to the surrounding environment. The lack of personal safety kits to handle and use fertilizers also has an adverse effect on the human body.

Dry fertilizers to gain attention of industry players

Fertilizer Market by Form

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The dry segment will generate over USD 175 billion by 2027. Dry or granular fertilizers are easier to store and do not require any special storage conditions. Dry fertilizers are more efficient for heavy pre-plant applications. With polymer-coated urea, they are used for their slow-release mechanisms. With growing agricultural activities, the demand for dry fertilizers is also expected to expand during the study timeframe.

Organic fertilizers will follow an upward trajectory

The organic segment will witness over 6% CAGR over the projected period. Organic fertilizers are usually safer to use and are not concentrated compared to inorganic fertilizers. Organic fertilizers are environmentally and ecologically safe & non-toxic. They are considered as best fertilizers for various plants and crops.

The growing environmental awareness and the negative impact of using inorganic or synthetic fertilizers have helped various farmers to navigate toward organic farming. Furthermore, the rising demand from consumers for organic agricultural products is expected to propel the fertilizer market revenue.

Agriculture segment to remain the dominant force

Fertilizer Market by Application

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In 2020, the agriculture segment generated over USD 70 billion and will witness significant growth over the anticipated period. Fertilizer applications in agricultural activities, i.e., for cultivating plants and staple food crops, are expected to drive the fertilizer market. Moreover, the increasing demand from Asia Pacific, Africa, and Europe to produce barley, wheat, buckwheat, maize, millets, rice, paddy, etc., will drive fertilizer usage in these regions.

The use of fertilizers in agricultural fields to supplement the required elements, such as nitrogen, phosphorus, and potassium, found naturally in the soil will drive fertilizer usage for agriculture applications in the market by 2027.

Asia Pacific to be the most lucrative region

Fertilizer Market by Region

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Asia Pacific is the largest market and accounted for a market share of over 50% in 2020. It is likely to dominate the industry during the study period owing to the increasing demand for fertilizers across the region. Various countries in the region are looking to export agricultural products worldwide to boost their economy and provide employment opportunities to millions of people.

For instance, Vietnam and Thailand are exporting a record amount of rice every year. Whereas, India exported close to USD 4 billion worth of rice in 2020. Furthermore, an increase in investment inflows and government subsidies in the fertilizer sector will enhance product demand in the region.

Adoption of product portfolio expansion by various industry players

The fertilizer industry is fragmented with presence of numerous fertilizer producers globally. As fertilizers are an important tool for increase agricultural output, various industry participants are working on forming strategic partnerships & joint ventures to increase their geographical footprint and product portfolio.

For instance, in 2019, Haifa Group expanded its Controlled Release Fertilizer (CRF) facility in France with an additional 8,000 MTPA production capability. This strategy enabled the company to increase its production capability by up to 24,000 MTPA. In 2018, Yara International ASA acquired Vale Cubatao Fertilizantes Complex in Brazil for USD 255 million. This strategy enabled the company to enhance its nitrogen production assets and market position in the Brazil fertilizer market.

Key industry players include, Haifa Group, Nutrien Ltd., Yara International ASA, CF Industries Holdings, Inc., Syngenta AG, Bunge Limited, Israel Chemicals Ltd. (ICL), Indian Farmers Fertiliser Cooperative Limited (IFFCO), Sumitomo Chemical Co., Ltd., GÜBRETA, SQM S.A, Gemlik Fertilizer, Inc., Unikeyterra, Band?rma Gübre Fabrikalar? A.S., etc.

The fertilizer market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons & revenue in USD million from 2017 to 2027 for the following segments:

By Form

  • Dry
  • Liquid

By Product

  • Organic
    • Plant-based fertilizers
    • Animal-based fertilizers
    • Mineral-based fertilizers
  • Inorganic
    •  Nitrogen
      • Urea
      • Anhydrous ammonia
      • Ammonium nitrate
      • UAN solutions
      • Ammonium sulfate
    • Phosphorus
      • Diammonium phosphate
      • Monoammonium phosphate
      • Triple superphosphate
      • Ordinary superphosphate
      • Ammonium polyphosphate
      • Others
    • Potassium
      • Potassium chloride
      • Potassium sulfate
      • Potassium nitrate

By Application

  • Agriculture
  • Horticulture
  • Gardening
  • Others

The above information is provided on a regional and country basis for the following:

By Region

  • North America
    • U.S.
    • Canada 
  •  Europe
    • Germany
    • UK
    • France
    • Spain
    • Turkey
    • Russia
    • Ukraine
    • Poland
  • Asia Pacific
    • China
    • India
    • Indonesia
    • Pakistan
    • Bangladesh
    • Malaysia
    • Thailand
    • Australia
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa
    • Egypt
    • Iran


Frequently Asked Questions (FAQ) :

Fertilizer market size reached USD 171,759.7 million in 2020 and should witness a CAGR of 2.4% through 2027.
Organic fertilizers market share will expand at a 6% CAGR up to 2027 as they are environmentally and ecologically safe.
Dry fertilizers industry could reach USD 175 billion by 2027 as the product is easier to store and doesn’t require any special storage conditions.
Fertilizer market size from agriculture sector reached USD 70 billion in 2020 owing to their increasing usage to cultivate plants and staple food crops.
Asia Pacific region captured more than 50% revenue share in 2020 and will grow substantially in the future.
India fertilizer industry will experience commendable gains over 2021-2027 due to increasing production and export of various crops.

Premium Report Details

  • Published Date: Jun 2021
  • Pages: 400
  • Tables: 570
  • Charts / Figures: 22
  • Companies covered: 15
  • Countries covered: 23

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