Fertilizer Market - By Form, Product, Application, Growth Forecast, 2025 - 2034

Fertilizer Market Size

The global fertilizer market size was estimated at USD 207.2 billion in 2024 and is estimated to reach USD 268.2 billion in 2034 at 2.6% CAGR from 2025 to 2034, according to Global Market Insights Inc.

• Growth in agricultural demand, population, and the need to increase crop yields with limited usable arable land are evidence that the global market is experiencing steady growth. Market growth is further being boosted by governments and other activities by the private sector to support sustainable farming practices and rising technological capabilities in terms of nutrient efficient formulations. Moreover, precision agriculture and bio-based fertilizers have found significant development and thus shifting the industry status quo by safeguarding sustainability along with proficiency.
   
• Farms across the world are intensifying their quest to stabilize supply of fertilizers as production is being scaled up to support food demands which are rising at high rates. In India, state- and company- wise supply scheme of April 2025 was issued earlier by the government through its Department of Fertilisers in order to ensure non-disruption in supply of nutrients to farmers, and actually there are 1.27 million liters of nano-DAP (liquid fertilizer) allotted to IFFCO.
   
• It is also being promoted by public measures to practice balanced and environmentally friendly use of fertilizers. As part of PM-PRANAM (Programme for Restoration, Awareness Generation, Nourishment and Amelioration of Mother Earth), Indian states are provided a 50 per cent subsidy reimbursement of chemical fertilizer reduced as a result of use. There is also a 1,500 Indian rupees per metric ton Market Development Assistance (MDA) to promote organic fertilizers produced through the GOBARdhan program to increase sustainable options.
   
• An innovation in the market in the U.S. is based on increasing sustainability and precision via technological solutions. Proper example, the American companies are creating polymer coated and controlled release fertilizers that will make better use of the nutrients avoiding leaching and producing greenhouse gases. There is also an increasing trend in integrating IoT-based soil monitoring systems with variable rate fertilizer applicators in facilitating precision farming practices.
   
• Progress has been specially made in the Asia-Pacific region specifically in India and China regarding the production of biofertilizer with the aid of microbial consortia in enhancing the health of soils and crop resistance. There is also action to promote nano fertilizers-specifically nano-urea in India-which will hopefully be better at capturing nutrients, and in general reduce the amount of chemicals used on farmlands.
   

Fertilizer Market Trends

• The implementation of digital agriculture practices is changing the fertilizer consumption trend including GPS spreaders, IoT-based soil nutrients monitors, and AI crop control systems. The trend facilitates precision use thus eliminating wastage and enhancing nutrient uptake efficiency. The interdependence in this case is with the sustainability regulations where nitrogen rule assists to adhere to the nutrient runoff levels.
   
• Farmers have stopped using generic NPK mixtures and have started using field-specific blends that recognize crop demands and soil profiles and the changing needs of crops when seasons change. It is related to the evolution of soil testing technology where tailor-made nutrient planning becomes available. As an example, the Services of Digital Agronomy of Nutrien enable farmers to request fertilizers blended to their particular field needs to enhance production and minimize dissipation.
   
• Raw materials that are used in industry are often increasingly being found in waste streams, including phosphorus recovery in wastewater or the manufacture of nitrogen fertilizers using captured industrial emissions. This is in line with decarbonization efforts all over the globe and ties in with government sustainability requirements. The Dutch project ReNu2 Farm involves recycling of nutrients contained in animal manure and food waste and reusing nutrients to produce fertilizers thus relieving the project an element of reliance on mined resources.
   
• CRFs and enhanced-efficiency fertilizers are becoming popular because these forms release the nutrients slowly at a rate equal to the rate at which the planted crops uptake them and therefore the losses are limited. Such a trend relates to fluctuations in global fertilizer prices where improved efficiency facilitates the ability of farmers to counter the high prices of fertilizers. An example of a long-time user of CRFs coated with polymers has been Japan where it is also the current trend in North America in producing corn and soybeans.
   

Fertilizer Market Analysis

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Based on form the market is segmented into dry, and liquid. Dry segment holds a significant share at a value of USD 173.9 billion in 2024.
 

• Dry form has a longer shelf life and is easier to store and transport compared to liquid ones; therefore, prevailing in the market. The moisture content of the dry formulations is less, which lowers the risk of microbial growth and degradation to offer more stability over an extended time. This stability is very beneficial especially in making bulk deliveries and also when there is low cold chain infrastructure in the market. Dry forms tend to be lipophilic, thus saving on logistics as they are often lighter; they are also easier to dose or reconstitute where needed.
   
• To give an example, in food & beverage market powdered electrolytes, instant drink mixes, or dehydrated nutritional products are vastly common due to their portability as well as their convenience to make. Dry fertilizers or pesticide powders are preferred in agriculture since they are easier to handle and mix with other substances. Dry active ingredients are selected in the pharmaceutical industry when precise dosing and prolonged storage prior to being added to a pharmaceutical agent are required. All these strengths of dry form are contributing to the leading market share of this product especially in areas where low-cost and stability of products is decisive.
   

Based on products, the fertilizer market is segmented into organic and inorganic. Inorganic section was valued at USD 202.8 billion in 2024.
 

• In the product segmentation, the inorganic segment commands the major market share, primarily due to its cost-effectiveness, wider availability, and longer shelf life compared to organic variants. Inorganic products are often preferred in large-scale industrial applications such as food processing, beverage manufacturing, pharmaceuticals, and personal care formulations, where consistent quality, ease of mass production, and predictable chemical behavior are crucial. For instance, synthetic citric acid in beverages, inorganic preservatives in packaged foods, and mineral-based fertilizers in agriculture dominate over their organic counterparts because they are less expensive to produce, more stable under varying storage conditions, and easier to source in bulk.
   
• On the other hand, the organic segment—while growing—remains a smaller contributor to the market due to its higher production costs, shorter shelf life, and limited scalability. Its adoption is driven by consumer preference for natural, eco-friendly, and clean-label products, especially in niche markets such as premium organic beverages, plant-derived flavorings, and natural personal care. However, until cost and stability challenges are addressed, inorganic products are likely to maintain their market leadership.
   

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Based on applications, the fertilizer market is segmented into agriculture, horticulture, gardening, and others. Horticulture was valued at USD 99.1 billion in 2024.
 

• Horticulture has in the application segmentation, which is estimated as the highest. This is because of intense use of high-quality fertilizers, micronutrients, and special formulations by the sector to improve productivity and quality. The crops, which are grown through horticulture, like fruits, vegetables, ornamentals, and green house crops need accurate management of nutrients that stimulates the requirement of water-soluble combinations, controlled-release fertilizers, and foliar sprays. Protected cultivation (e.g. greenhouses, hydroponics) has also increased the use of fertilizers, since such systems require a well-controlled input of nutrients to maintain sufficient plant growth and allow quick growth rates.
   
• The relevant vendors are pursuing this segment aggressively with solutions that cater to this segment. As an example, Yara International, through YaraTeraTM water-soluble line, provides fertigation solutions in greenhouse crops whereas Nutrien offers horticultural ally specific nutrient packages to growers of fruit and vegetables. CSBP Fertilisers, part of the Wesfarmers group of companies has also increased its horticulture product portfolio with the launch of trace element blends that cater to soil deficiencies on a regional level. This type of custom product development equates to greater productivity and is compatible with consideration given to growers that decided to pursue premium and export-quality produce.
   
• The high quality of horticulture round also contributes towards the increased dollar investment in fertilizers per acre as observed in compared to the broadacre farming or gardening. As the demand of fresh produce, floriculture exports and the continuous provision of year-long greenhouse products is growing at a global level, since this section is falling under the horticulture segment of the market, it is expected that this segment would maintain leadership market position particularly at the area with developed irrigation and crop management facilities.
   

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With over 43% market share, China is leading the Fertilizer market that is valued at USD 44.8 billion in 2024.
 

• Asia-Pacific controls more than 50% of world market in fertilizers with intensive grudge farming being the major reason. Every season, they deplete soil fertility due to greedy farming. Consistent usage of fertilizers is brought about by the development of increased demand of staples such as rice, wheat and corn, especially in China and India. The large farming land and the need for food security substantiate the domination of the region in nutrient demand.
   
• Straight (single-nutrient) fertilizer, particularly, those of nitrogenous nature have the highest market value, as well, due to the cost- effectiveness and the targeted soil correction, boosted by the government subsidies of the leading economies. Specialty fertilizers, however, one type being controlled release and balanced fertilizers, are becoming a trend as farmers attempt to become more efficient and sustainable in providing nutrients.
   
• China is the biggest single country market in the Asia-Pacific region, with the production and consumption of fertilizer totally unrivaled. Its large land mass in cultivated area, high application of nutrients per hectare farm and policy thrust towards agricultural productivity and food security are the major factors that have contributed to its top ranking and growth in fertilizer demand.
   

The fertilizer market in the Germany is expected to experience significant and promising growth from 2025 to 2034.
 

• Europe has about 15.5 % of the market around the globe due to its diversified agricultural production, sophisticated farming activities, and robust regulations. The interest of the region in sustainable agriculture as a part of the European Green Deal and Farm to Fork Strategy is contributing to the fast pace of low-emission, precision-applied, and organic fertilizers. European countries are spending money on high-efficiency goods in order to regulate their nutrient management with regard to food security requirements.
   
• The European market is also influenced by the fact that Europe depends on domestic production and imports especially in the production of potash and phosphate. Smaller innovations in bio-based fertilizers and getting used to controlled-release products are gaining their place as farmers are trying to lower the impact on the environment. Reducing nitrogen waste and greenhouse gas emissions is pushing the fast deployment of digital agriculture tools, including satellite images and AI-generated nutrient-planning tools.
   
• Germany is among the top fertilizer consumers in the region that is reinforced by its robust cereals sector, rapeseed and sugar beet. Agricultural systems demonstrate high-input precision farming practices in using optimal delivery of nutrients to ensure a high level of environmental standards among the farmers in the country. The fertilizer sector in Germany has features of developed research and development and government support to sustainable practices along with good distribution channels that make the country easily adopt specialty fertilizers and micronutrient solutions.
   

The Fertilizer market in the U.S. is expected to experience significant and promising growth from 2025 to 2034.
 

• North America contains a significant part of the world fertilizer industry where the largest part is in United States, followed by Canada and Mexico. The U.S. industry leadership is driven by the vast farmland acreage, and high-production farming standards and possession of sophisticated mechanization that underlines stable demand of nitrogen, Phosphate and Potash products.
   
• Another factor that pushes growth is the fact that the U.S. Department of Agriculture has been investing in sustainable farming and soil health as more precision application technologies and increased-efficiency fertilizers are supported. These programs promote the effectiveness of farmers to utilize all the nutrients effectively and achieve environmental compliance.
   
• Fertilizer is an essential input in the large-scale production of crops like corn, soybeans and wheat, especially in the Midwest. The use of GPS-enabled applications systems, soil mapping and variable-rate technology has also increased the U.S. dominance in the fertilizer industry in North America as a growth engine.
   
• Canada constitutes the second-biggest portion of the North American market, and this is backed by good yields of grain, oilseed and pulse crops that the country produces. Short growing season in the country due to which fertilizer demand is further supported because it requires accurate nutrient allocation to get maximum results. There are a push toward more efficient and environmentally sound solutions in Canadian agriculture, through government supported sustainability programs, and the increased use of specialty and micronutrient fertilizers.
   

The Fertilizer market in the Brazil is expected to experience significant and promising growth from 2025 to 2034.
 

• Latin America has 14.3 % of the worldwide fertilizer industry due to large agricultural sector and exporting agriculture. The productivity of giant production of soybeans, maize, and sugarcane that heavily depend on fertilizers is the asset of the region. Good weather and an increasing global demand in agricultural exports maintain the levels of nutrient application at high levels.
   
• The region is dominated by Brazil as it consumes the largest proportion of fertilizers in the Latin American region. With the huge arable land in excess, the high-yield agribusiness sector heavily depends on importing nutrients, especially potash and phosphates to maintain the level of productivity on its vast land. The government demand of agricultural expansion in Cerrado region and increasing use of precision agriculture are also stimulating the consumption of fertilizers.
   
• Robust markets abroad, particularly China and the EU, encourage Brazilian farmers to stick to intensive production cycles, which auger well with consistent demand in the regular and specialty fertilizers. Such reliance upon fertilizers is also causing investment in port infrastructure and blending facilities in order to maintain stability in supply chain.
   

The Fertilizer market in the UAE is expected to experience significant and promising growth from 2025 to 2034.
 

• The Middle East & Africa comprises 6.5 % of total global market and demand is driven by the need to increase crop production in arid and semi-arid areas. The low arable lands and availability of water mean that the use of fertilizers becomes crucial in realizing the necessary yields particularly in staple crops like wheat, Maize and Pulses.
   
• North Africa countries such as Egypt and Morocco possess power of producing fertilizer in the country particularly in phosphates, whereby they can serve the local and export markets. In Sub-Saharan Africa, increased government programs to enhance agricultural self-sufficiency are increasing access to farmers (particularly smallholders) to fertilizers through subsidies and distribution programs.
   
• Gradual adoption of water-soluble and specialty fertilizer use in high-value horticulture is taking place in sustainability consideration, especially in the Gulf countries where controlled environment agriculture is on the rise. Recent investment in modern irrigation practices and nutrient management practices is placing MEA in a position of near constant, albeit slow, market expansion.
   

Fertilizer Market Share

• The top 5 companies in the crystalline waterproofing market are Wesfarmers, Nutrien, Yara International, IFFCO, and Cf Industries, contributing around 55% of the market in 2024.
   
• Wesfarmers has its Wesfarmers Chemicals, Energy & Fertilizer division that offers nitrogen, phosphate, and potassium-based products to the Western Australian frias. It owns a brand named CSBP that provides advanced soil and plant management, nutrient mapping, and precision applications. The company focuses on efficiency in its operational productivity, enhancing capacity by debottlenecking and optimizing production, in its sustainability roadmap, its goal is to achieve net-zero emissions by 2050 in its product portfolio aligning to smart climate agriculture interventions.
   
• Nutrien is the leading global potash company holding a leading position in nitrogen and phosphate, which is complemented by a broad global retail network. The company takes advantage of automation of production, enhance efficiency in mining and its own developed crop nutrition products to increase yield prospects. Strategic initiatives by Nutrien involve growth of potash capacities, optimization of nitrogen performance as well as technological advancement on sustainable farming solutions which focuses on digital agronomy tools and enhanced-efficiency fertilizers.
   
• Yara International focuses on producing fertilizers based on nitrates, special nutritional supplements of agricultural crops, and biostimulants. It is a leader in the low-carbon production with renewable ammonia initiatives, N 2 O removal technologies, and precision agriculture apps such as Atfarm and Yaralix. Yara plans to invest in specialty fertilizer production, scale its digital advising solutions and incorporate clean ammonia in its supply chain to enable it to achieve the global decarbonization agenda.
   
• IFFCO (Indian Farmers Fertiliser Cooperative Limited) has operation presence in complex fertilisers and nitrogenous fertilisers as a primary producer and marketer of fertilisers in India having intense rural distribution chain supplying to millions of farmers in the Indian sub-continent. The firm concentrates on incorporating the suggestions made by cooperative members to produce eloquence, marketing bio-fertilizers, nano-fertilizers, and water-soluble nutrient solutions.
   
• Cf Industries is a huge global manufacturer of ammonia, urea and other nitrogen-based fertilizers. Low carbon ammonia production through carbon capture and sequestration projects consumes a lot of resources that the company invests in. The competitive advantages of CF Industries are the high-efficiency production plants with huge capacities located in North America, the ability to export, strike alliances with partners to create green and blue ammonia not only to be used in agriculture but in the new energy sector as well.
   

Fertilizer Market Companies

Major players operating in the fertilizers market are
 

• Bunge Limited
• CF Industries Holdings
• Coromandel International Limited
• EuroChem Group
• Haifa Group
• IFFCO
• Israel Chemicals
• K+S Group
• Nutrien
• OCP Group
• Sinofert Holdings Limited
• Syngenta
• The Mosaic Company
• Uralkali
• Wesfarmers
• Yara International
   

Wesfarmers has already achieved a leading position in the fertilizing business with its Wesfarmers Chemicals, Energy & Fertilisers unit, which provides fertilized products based on nitrogen, phosphate, and potassium to the Western Australian agricultural sector. With the modernized soil and plant interrogative abilities of CSBP, the company fulfills data-based nutrient administration to guarantee the maximized crop returns under diverse situations. It is receiving continuous boosts in its operations such as the expansion of its capacity and increased efficiency in production to promote its expansive market share.
 

Nutrien is the largest potash producer in the world and has a broad line of nitrogen and phosphate products used in both retail and wholesale markets. Its wide presence across the globe fostered by its wide distribution chain allows it to provide custom solutions to the regional farming requirements. Nutrien is a company that invests in the optimization of production, product innovation and automation and also supports low-carbon agriculture.
 

Yara International is a leading fertilizer company operating worldwide and offers a diversified mix of nitrate-based fertilizer, specialty products and biostimulants. Among the efforts to minimize the environmental impact is the active investment in low-carbon production technologies (including renewable ammonia and high-efficiency N 2 O abatement systems) by the company. Digital advisory platforms and precision agriculture tools that increase the efficiency of nutrients and the optimization of yields that Yara provides to the customer outcomes are an important component of this system.
 

Fertilizer Industry News

• In July 2024, Brazilian manufacturer Terraplant launched MinerOxi+, the 3-in-1 organomineral fertilizer. According to the company the product combines essential minerals, organic fractions, and oxides, which are suitable to combat environmental challenges and fulfills need for more sustainable agricultural practices.
   
• In 2024 ICL partnered with entrepreneurs, manufacturers, and researchers, for developing new, sustainable technologies to produce next generation fertilizers for crop nutrition to create stronger and healthier agricultural crops. Company is looking for innovative solutions in the following fields Plant Biostimulants, economic slow-release fertilizer granules, improved fertilizers efficiency, and biodegradable coating for CRF.
   
• In September 2023, on a mission to assist farmers in augmenting crop yields while being environmentally conscious and cost-effective, SABIC Agri-Nutrients Company (SABIC AN) signed partnerships with BiOWiSH Technologies and ADM, two American firms. BiOWiSH’s product range includes a biologically enhanced urea fertilizer which is classified as a ‘green fertilizer relatively eco-friendly bait’. This fertilizer’s composition makes it a more viable option as it leads to a reduction in greenhouse gases emissions relative to traditional fertilizers. It also serves to increase the capture of CO2 from the atmosphere and sequester it within the soil, addressing greenhouse gases emissions while simultaneously improving agricultural productivity.
   
• In December 2022, Bunge Limited invested USD 550 million in a fully integrated facility of soy protein and textured soy protein concentrates. The plant is expected to be operational by the middle of 2025 and is aimed at satisfying the demands of customers to manufacture pet food & pet feed products.
   

The fertilizer market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Million) & volume (KiloTons) from 2021 to 2034, for the following segments:

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Market, By Form

• Dry
• Liquid

Market, By Product

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

Market, By Application

• Agriculture
• Horticulture
• Gardening
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America 
• MEA
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of Middle East and Africa