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Beyond Dawlish

robbyrobinson
robbyrobinson
25 Feb 2025 11:26

Market Overview:

  • The global fertilizer market size was valued at USD 182.3 Billion in 2024.
  • The market is expected to reach USD 246.6 Billion by 2033, exhibiting a growth rate (CAGR) of 3.07% during 2025-2033.
  • Asia Pacific leads the market, accounting for the largest fertilizer market share.
  • Straight fertilizers account for the majority of the market share in the product segment as they provide essential nutrients directly to the soil and promote vigorous plant growth and higher yields.  
  • Dry holds the largest share in the fertilizer industry.
  • Grains and cereals remain a dominant segment in the market due to the population growth.
  • The rising population and food demand is a primary driver of the fertilizer market.
  • Increasing agricultural productivity requirements and soil degradation and nutrient deficiency are reshaping the fertilizer market.

Fertilizer Market

This detailed analysis primarily encompasses industry size, business trends, market share, key growth factors, and regional forecasts. The report offers a comprehensive overview and integrates research findings, market assessments, and data from different sources. It also includes pivotal market dynamics like drivers  and challenges, while also highlighting growth opportunities, financial insights, technological improvements, emerging trends, and innovations. Besides this, the report provides regional market evaluation, along with a competitive landscape analysis.

Grab a sample PDF of this report: https://www.imarcgroup.com/fertilizer-market/requestsample

Our report includes:

  • Market Dynamics
  • Market Trends And Market Outlook
  • Competitive Analysis
  • Industry Segmentation
  • Strategic Recommendations

Factors Affecting the Growth of the Fertilizer Industry:

  • Growing Population and Food Demand: 

The escalating adoption of fertilizers on account of rising food demand and high population levels is propelling the market growth. To meet this growing need, agricultural production must increase significantly, which is where fertilizers play a pivotal role. Fertilizers are essential for enhancing crop yields, ensuring food security, and maximizing agricultural productivity on limited arable land. Without sufficient nutrient replenishment, soil fertility diminishes over time, leading to lower crop outputs. Fertilizers, particularly nitrogen, phosphorus, and potassium compounds, help farmers achieve higher productivity per hectare. Countries with rapidly expanding populations, such as India, China, and various African nations, are seeing especially high demand for fertilizers.      

  • Rising Agricultural Productivity Requirements:       

To sustain global food supply, agricultural productivity must continuously improve, especially as land for cultivation becomes scarce. Fertilizers are key in meeting these productivity demands by supplying essential nutrients to the soil and plants, enhancing yield potential. Farmers increasingly adopt fertilizers to improve output efficiency in the face of challenges, such as soil degradation, climate variability, and pest pressures. As crop quality and quantity are directly linked to nutrient availability, fertilizers enhance plant growth by promoting better root development, stronger stems, and more abundant fruiting. This need is particularly vital in regions where soil health is deteriorated due to overuse or erosion.        

  • Soil Degradation and Nutrient Deficiency:    

Soil degradation is a major concern for global agriculture, affecting world’s land surface. Over-cultivation, deforestation, and poor farming practices are leading to a decrease in soil fertility, requiring external inputs like fertilizers to restore nutrient balance. Soil degradation results in lower organic matter, reduced water retention, and diminished capacity to support crops, which necessitates increased fertilizer use to replenish essential nutrients. Nitrogen, phosphorus, and potassium are often depleted from soils due to continuous cropping without adequate nutrient replacement. To combat these deficiencies, farmers rely on fertilizers to maintain soil health and ensure productive harvests. This trend is especially pronounced in regions with intensive agricultural activities, where nutrient cycles are disrupted.

We explore the factors driving the growth of the market, including technological advancements, consumer behaviors, and regulatory changes, along with emerging fertilizer market trends.

Leading Companies Operating in the Global Fertilizer Industry:

fertilizer market

  • CF Industries
  • Haifa Group
  • Indian Farmers Fertiliser Co-operative Limited (IFFCO)
  • Israel Chemicals Ltd. (ICL)
  • Nutrien Limited
  • Sociedad Química y Minera (SQM)
  • The Mosaic Company
  • Uralkali
  • Yara International

Fertilizer Market Report Segmentation:

Breakup By Product:

  • Chemical Fertilizer
  • Biofertilizers

Straight fertilizers account for the majority of shares as they provide essential nutrients directly to the soil and promote vigorous plant growth and higher yields.     

Breakup By Product Form:

  • Dry
  • Liquid

Dry dominates the market on account of the rising need for longer shelf life.   

Breakup By Crop Type:

Fertilizer Market

  • Grains and Cereals
  • Pulses and Oilseeds
  • Fruits and Vegetables
  • Flowers and Ornamentals
  • Others

Grains and cereals represent the majority of shares due to the population growth.

Regional Insights:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Asia Pacific enjoys the leading position owing to a large market for fertilizer driven by the thriving agriculture sector.

Research Methodology:

The report employs a comprehensive research methodology, combining primary and secondary data sources to validate findings. It includes market assessments, surveys, expert opinions, and data triangulation techniques to ensure accuracy and reliability.

Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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