Fertilizer Market Size by Form (Dry, Liquid), By Product (Organic, Inorganic), and Application (Agriculture, Horticulture, Gardening), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Feb 2020  |  Report ID: GMI4577  |  Authors: Kiran Pulidindi, Soumalya Chakraborty

Report Format: PDF   |   Pages: 380   |   Base Year: 2019

Summary Table of Contents Industry Coverage Methodology

Industry Overview

Fertilizer Market size was valued around USD 200 billion in 2019 and is likely to exhibit growth of over 2% CAGR from 2019 to 2026. Rising global population as well as demand for food grains and increasing uses of agrochemicals for higher crop production in limited arable land will boost the global market during the forecast period.

Fertilizer Market Outlook

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Population growth and food demand to drive growth in the market

Increasing food demand across the globe as a result of rise in world population, coupled with changing climatic conditions and inadequate farming activities, has increased the threat for the productivity of crops. According to the U.S. Census Bureau, the world population estimates in June 2019 were 7.5 billion and is expected to reach 9.7 billion by 2050. This trend showcases higher requirements for food crops.

Fertilizers increase crop yield and enable farmers to grow more food in limited land and provide considerable return on investment. For instance, the usage of 192 kg nitrogen fertilizers per hector produces around 9.3 tons of grains, as compared to only 2.1 tons of grains without them.

This generates around 790% percent of return on investment to the farmer. Thus, the product use not only improves the productivity of crops but help farmers to generate higher fertilizer market revenue options through effective farming.

Fertilizer Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: 208 Billion (USD)
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 2.2% 2026 Value Projection: 238 Billion (USD)
Pages: 380 Tables, Charts & Figures: 632
Geographies covered (24): U.S., Canada, Germany, UK, France, Spain, Turkey, Russia, Ukraine, Poland, China, India, Indonesia, Pakistan, Bangladesh, Malaysia, Thailand, Australia, Brazil, Mexico, South Africa, Egypt, Iran
Segments covered: Form, Product, Applications
Companies covered (19): Haifa Group, Yara International ASA, Nutrien Ltd., The Mosaic Company, CF Industries Holdings, Inc., Bunge Limited, Syngenta AG, Israel Chemicals Ltd. (ICL), Sumitomo Chemical Co., Ltd., Indian Farmers Fertiliser Cooperative Limited (IFFCO), SQM S.A., GÜBRETA?, Gemlik Fertilizer Inc., Unikeyterra, Band?rma Gübre Fabrikalar? A.?. (BAGFA?)
Growth Drivers:
  • Rising food demand
  • Growing demand of organic fertilizers
  • Emerging water-soluble fertilizer demand
Pitfalls & Challenges:
  • Lack of awareness about optimum usage of fertilizers
  • Increasing uncertainties and significant policy focus toward environment

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Decreasing per capita arable land will encourage market growth

Declining per capita arable land as a result of urbanization and industrialization will positively drive the fertilizer market share in the near term. This is because the product improves texture and fertility of the soil, that results in healthier crop yield. As per The Resource Outlook to 2050, at present, over 1.5 billion hectares of the global land surface (i.e., around 12%) is used to produce crops, and arable land per person has declined by 1.5% from 1970 to 2009.

This indicates a pressure on the current arable land to yield more crops using advanced fertilizers sustainably. These products improve soil fertility by altering its aeration and water retention ability, and provide additional nutrients to the plants that enhances their growth. However, excessive use of these products over a period may harm the texture and fertility of the soil.

Fertilizer industry is segmented based on from, product, and application. Based on the form, the market is bifurcated into dry and liquid. Based on product, the market is categorized into organic and inorganic fertilizers. The organic segment is further broken down into plant-based, animal-based, and mineral-based products.

Inorganic products are categorized into nitrogen, phosphorous, and potassium products. These products find wide applications in agricultural, horticultural, gardening, and other activities that includes nurseries, golf courses, grounds, etc.

Cost effectiveness and easy handling to boost dry fertilizers share over coming years

Fertilizer Market Analysis by Form

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Fertilizer forms are classified into dry and liquid. Dry type dominates the market with a sizable share of more than 5 times than that of liquid types in the overall fertilizer market revenue. Additionally, the segment is also estimated to exhibit a faster growth rate, when compared to liquid products during the forecast spell.

Dry products are mostly designed to be amended into the soil and are released to the plants over time, as they offer slow-release options that helps to nourish crops longer into the season. Furthermore, its cost effective and easy storage nature will increase fertilizer market demand in the near future.

Shifting emphasis towards organic farming will encourage market growth

Organic fertilizers account a small share in the overall fertilizer market but is likely to grow at a faster rate when compared to its inorganic counterparts over the forecast spell. These products provide slow feed for plants and improve water holding capacity of soil, in addition to soil structure and tilth.

Organic products are prepared from materials derived from living things such as plants and animals. The animal-based organic segment generated a global revenue of more than USD 2 billion in 2019.

Increasing demand for staple food crops to drive agricultural sector growth

Fertilizer Market by Application

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The market applications are categorized into agriculture, horticulture, gardening, and other sectors that include nurseries, golf courses, turfs, parks, etc. Of these, agricultural activities accounted for close to half of the overall fertilizer market volume and the sector is anticipated to grow with a CAGR of around 2%.

Fertilizer are popularly used in agriculture for growing crops such as wheat, rice (paddy), millets, maize, barley, etc. Steadily increasing demand for these agricultural crops as staple food options will be the key factor influencing the fertilizer market trends over coming years.

Rising population and food demand will encourage market growth in Asia Pacific

Fertilizer Market Report by Region

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Asia Pacific is the largest market for fertilizers, that accounts for more than half of the overall revenue in 2019 and is expected to dominate with the considerable rate during the study period. This growth can be attributed to increase in product demand to grow crops, and meet consumption needs from economies such as China, India, Pakistan, Vietnam, and Bangladesh.

Additionally, investment inflows and government subsidies in the agricultural sector will further propel the fertilizer market growth in the region. For instance, Government of India has increased agricultural subsidy allocation from USD 9.83 million in 2018 to more than USD 11 million in 2019.

Investment in production expansion is the major basis for business growth

The fertilizer industry outlook displays a stiff competition among several large manufacturers including Nutrien ltd., The Mosaic Company, CF Industries Holdings Inc., Yara International ASA, Haifa Group, and Sumitomo Chemical Co., Ltd. These companies will witness high competition with entry of new players. Other key market players include Bunge ltd., Syngenta AG, Belaruskali, Uralkali, OCP Group, etc. Several industry participants are expanding their regional reach with the establishment of new sales & marketing facilities across the globe.

Fertilizer market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2016 to 2026, 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 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) :

Expected CAGR that fertilizer market is estimated to register is 2% over 2020-2026.
Predicted revenue share of fertilizer market is USD 238 Billion by 2026.
According to the report published by Global Market Insights Inc., the fertilizer industry is supposed to attain $238 billion (USD) from 2020 to 2026.
Rising food demand, growing need of organic fertilizers and emerging requirement for water-soluble fertilizer demand are the major key factors expected to drive the growth of global market.
Haifa Group, Yara International ASA, Nutrien Ltd., The Mosaic Company, CF Industries Holdings, Inc., Bunge Limited, Syngenta AG, Israel Chemicals Ltd., Sumitomo Chemical Co., Ltd., IFFCO, SQM S.A. are some of the top contributors in the industry.
The Asia Pacific region accounted for more than half of the overall revenue in 2019 and is expected to dominate the industry at a considerable CAGR from 2020 to 2026.

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Premium Report Details

  • Published Date: Feb 2020
  • Pages: 380
  • Tables: 604
  • Charts / Figures: 28
  • Companies covered: 19
  • Countries covered: 24

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