Fertilizer Market Size, Share, Growth, and Forecast 2025-2033

Market Overview:

The fertilizer market is experiencing rapid growth, driven by rising global food demand, technological advancements in fertilizer production, and government support and subsidies. According to IMARC Group's latest research publication, "Fertilizer Market Size, Share, Trends and Forecast by Product Type, Product, Product Form, Crop Type, and Region, 2025-2033", the global fertilizer market size was valued at USD 182.3 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 246.6 Billion by 2033, exhibiting a CAGR of 3.07% from 2025-2033.

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.

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Our report includes:

• Market Dynamics

• Market Trends and Market Outlook

• Competitive Analysis

• Industry Segmentation

• Strategic Recommendations

Growth Factors in the Fertilizer Market

• Rising Global Food Demand

The global fertilizer market size 2024 reflects the escalating demand driven by a growing world population, expected to reach 9.7 billion by 2050. This surge necessitates higher food production, increasing reliance on fertilizers to boost crop yields on limited arable land. For example, India’s Green Revolution leveraged fertilizers to significantly enhance rice and wheat output, showcasing their critical role in food security. Emerging economies like Brazil and Nigeria, with expanding middle classes, are shifting toward protein-rich diets, further amplifying agricultural needs. Nitrogen-based fertilizers remain essential for intensive farming, ensuring the market's growth to meet global food demands.

• Technological Advancements in Fertilizer Production

Innovations in fertilizer manufacturing are propelling the global fertilizer market size 2024 by enhancing efficiency and sustainability. Precision agriculture technologies, such as controlled-release fertilizers, optimize nutrient application, reducing waste. For instance, Yara International’s smart fertilizers release nutrients based on soil conditions, improving crop uptake. Bio-based fertilizers, made from organic waste, are also gaining traction for their eco-friendly attributes. These advancements address environmental regulations and cater to the demand for sustainable farming. By offering tailored, efficient solutions, technological progress supports the global fertilizer market size 2024, driving expansion across diverse agricultural regions.

• Government Support and Subsidies

Government policies and subsidies significantly boost the global fertilizer market size 2024 by improving affordability for farmers. In countries like India and China, subsidies on urea and other fertilizers lower costs, encouraging widespread use. For example, India’s Nutrient-Based Subsidy scheme promotes balanced fertilizer application, increasing demand for phosphatic and potassic products. In Africa, initiatives to enhance fertilizer access for smallholder farmers are improving productivity. These programs not only drive market growth but also strengthen rural economies by enhancing agricultural output, ensuring fertilizers remain vital for global agriculture and contributing to the global fertilizer market size 2024.

Key Trends in the Fertilizer Market

• Shift Toward Sustainable and Organic Fertilizers

Manufacturers and stakeholders in the fertilizer market are observing a noticeable change towards sustainable and organic products in response to environmental concerns. Consumers and regulators alike are looking for better natural alternatives to conventional chemical fertilizers, which studies show contribute to soil health deterioration. Organic fertilizers, such as compounds like compost and biochar, have gained traction based on their ability to increase soil fertility naturally. For example, The Scotts Miracle-Gro Company has adopted organic products into their portfolio in response to strong consumer demand, demonstrating the movement towards organic and sustainable production along with the organic farm movement on a global scale. The organic farm movement emphasizes sustainable production with multiple opportunities for manufacturers to innovate and capture eco-conscious markets.

• Adoption of Precision Agriculture

Precision agriculture is changing the way fertilizers are managed by allowing farmers to apply nutrients in a more precise manner to reduce waste and protect the environment. Using technologies like GPS-guided equipment and soil sensors, farmers can determine a nutrient application rate when and where needed. For example, John Deere’s precision farming implements collect information and perform data analytics to apply fertilizer effectively and efficiently to maximize crop yield with minimal fertilizer runoff. This has been especially popular in developed markets like the United States and Europe where farmers are looking for low-cost, dependable, and environmentally friendly solutions. As farmers in developing regions are able to afford various precision agriculture technologies, the market is expected to continue growing at a rapid pace.

• Increased Focus on Micronutrient Fertilizers

Micronutrient fertilizers, which provide essential elements like zinc, iron, and boron, are gaining traction as farmers recognize their role in enhancing crop quality and yield. Deficiencies in these nutrients can limit plant growth, even when macronutrients are abundant. For example, in sub-Saharan Africa, zinc-deficient soils have prompted increased use of micronutrient fertilizers to improve maize and wheat production. Companies like Nutrien are investing in formulations that combine macronutrients with micronutrients for balanced nutrition. This trend reflects a broader understanding of soil health, encouraging farmers to adopt comprehensive nutrient management strategies to maximize agricultural productivity.

Leading Companies Operating in the Global Fertilizer Industry:

• 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:

By Product Type:

• Chemical Fertilizer

• Biofertilizers

Chemical fertilizer leads the market with 66.6% share in 2024, driven by food production demand and innovations like slow-release formulations.

By Product:

• Straight Fertilizers

  • Nitrogenous Fertilizers

    • Urea

    • Calcium Ammonium Nitrate

    • Ammonium Nitrate

    • Ammonium Sulfate

    • Anhydrous Ammonia

    • Others

  • Phosphatic Fertilizers

    • Mono-Ammonium Phosphate (MAP)

    • Di-Ammonium Phosphate (DAP)

    • Single Super Phosphate (SSP)

    • Triple Super Phosphate (TSP)

    • Others

  • Potash Fertilizers

    • Muriate of Potash (MoP)

    • Sulfate of Potash (SoP)

  • Secondary Macronutrient Fertilizers

    • Calcium Fertilizers

    • Magnesium Fertilizers

    • Sulfur Fertilizers

  • Micronutrient Fertilizers

    • Zinc

    • Manganese

    • Copper

    • Iron

    • Boron

    • Molybdenum

    • Others

• Complex Fertilizers

Straight fertilizers target specific nutrient deficiencies, gaining traction due to precision agriculture and increasing food production needs.

By Product Form:

• Dry

• Liquid

Dry dominates with 81.8% market share in 2024, valued for ease of handling, long shelf life, and cost-effectiveness in bulk applications.

By Crop Type:

• Grains and Cereals

• Pulses and Oilseeds

• Fruits and Vegetables

• Flowers and Ornamentals

• Others

grains and cereals comprise 45.8% of the market, essential for food security, with fertilizer use critical for maximizing yields amid declining arable land.

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 holds over 52.5% market share in 2024, fueled by diverse agriculture, major economies like China and India, and a focus on sustainable practices.

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