Summary

Global Fertilizer Market is expected to reap a valuation of US$ 250.00 Billion by 2030, according to Renub Research. Fertilizers play a pivotal role in present-day agriculture by improving soil fertility and boosting crop yields. In contemporary agricultural practices, where international food demand is escalating, fertilizers offer crucial nutrients like nitrogen, phosphorus, and potassium, ensuring the most effective plant boom. They enable farmers to maximize productivity, meet increasing meal requirements, and mitigate the effects of environmental challenges. Fertilizers contribute considerably to sustainable and green farming, helping a developing populace and ensuring global food safety in the face of evolving climatic and demographic demanding situations in modern agriculture practices.


From 2024 to 2030, a compound annual growth rate (CAGR) of 3.80% in the global fertilizer market is anticipated

The developing global population, which passed eight billion humans according to the United Nations in November 2022, coupled with an increasing demand for meals, is fueling the expansion of the global fertilizer market. With agriculture already using 50% of the Earth's liveable land, consuming 70% of freshwater, and contributing to 1/4 of world greenhouse gas emissions, it's critical to reinforce agricultural productivity to meet escalating meal requirements. Fertilizers are pivotal in present-day agriculture, addressing this need by delivering vital nutrients to crops, fostering soil fertility, and augmenting crop yields.

Balancing the usage of artificial and organic fertilizers is essential to mitigate their bad impacts and conserve resources. As per an article by Science Direct, recent trends in excessive input farming structures have witnessed the extreme utility of chemical fertilizers containing nitrogen, phosphorus, or potassium to meet escalating agricultural demands. Still, only a fragment (30–40%) of those vitamins are absorbed by plants because of low fertilizer-use efficiency, contributing to environmental pollutants. Consequently, pursuing sustainable and green technology gives enormous potentialities for tackling environmental, social, and financial challenges while propelling growth in the worldwide fertilizer market. Notably, Stamicarbon's introduction of the Stami Green Ammonia Technology in 2021 exemplifies this shift, utilizing renewable resources instead of fossil fuels to take away carbon emissions from manufacturing, for that reason, fostering sustainable and environmentally pleasant fertilizer manufacturing. Hence, the Global Fertilizer Market reached US$ 192.56 Billion in 2023.

Government rules and subsidies considerably influence the fertilizer market, exemplified by projects like the USDA's $500 million Fertilizer Production Expansion Program in 2022 to reinforce home production, rural activity advent, and farmer options. The application's funding was elevated to $900 million in response to demand by June 2023. Similarly, in 2022, India's Department of Fertilizer carried out schemes like the Urea Subsidy Scheme, Nutrient Subsidy Scheme (NBS), and Direct Benefit Transfer (DBT) to ensure sufficient fertilizer availability for farmers. The One Nation, One Fertilizers scheme further streamlined supply, reducing farmer choice-making burdens. Efforts to improve retail infrastructure included converting stores into model fertilizer facilities, with 600 at the district degree becoming the Pradhan MantriKisanSamridhi Kendra.


The demand for phosphorus is projected to increase in the global fertilizer market

Based on types, the Global Fertilizer Market is broken up into Nitrogen (Ammonia (N), Ammonium Nitrate (N), Ammonium Phosphate (N), Ammonium Sulphate (N), Calcium Ammonium Nitrate (N), Potassium Nitrate (N), Urea (N), Urea Ammonium Nitrate (N), NK (N), NPK (N), NP (N), and Other segments), Phosphorus, and Potassium fertilizers. Phosphorus is expected to grow in the global fertilizer market. This is because of its vital position in providing plant growth and increasing agricultural productivity. As the demand for food increases with population expansion, phosphorus-based fertilizers are crucial for reinforcing crop yields and making sure meal protection is international.


It is predicted that rice will have a notable share in the global fertilizer market

The Global Fertilizer Market is categorized into various crop types such as Grassland, Vegetables, Fruits/Treenuts, Roots/Tubers, Sugar Crops, Fibre Crops, Other Oil Crops, Oil Palm, Soybeans, Other Cereals, Maize, Rice, Wheat, and Others. Rice is predicted to have a vast share within the global fertilizer market, attributed to its popularity as a staple meal crop for billions worldwide. As the demand for rice increases with the population boom and changing nutritional habits, the need for fertilizers to optimize yields becomes essential for meeting food demands.


It is anticipated that Brazil will have a significant impact on the worldwide fertilizer industry

The Global Fertilizer Market is divided by country, including China, India, Brazil, USA, Indonesia, Pakistan, Russia, Canada, Australia, Bangladesh, Ukraine, Vietnam, Turkey, Argentina, Mexico, Germany, Italy, United Kingdom, and the rest of the world. Brazil is predicted to play a tremendous role in the global fertilizer market. This is because of its enormous agricultural region, which calls for good-sized fertilizer for crop production. According to the USDA, Brazil has a sizable capability for elevated agricultural productiveness because of its expansive arable land. Over the past decade, Brazil has grown considerably in agriculture and livestock manufacturing, doubling agricultural output and cattle production tripling. As one of the pinnacle producers of 34 commodities and the most important net exporter globally, Brazil's agricultural exports of soybeans and sugarcane have surged. This has brought about an upward push in fertilizer intake inside the country. To preserve agricultural enlargement and enhance export competitiveness.


Key Players

Prominent companies operating in the global fertilizer market comprise Yara International ASA, K+S AG, CF Industries Holdings, GrupaAzoty S.A, ICL Group, OCI NV, SociedadQuimica y Minera de Chile SA, BASF SE., and PhosAgro.

• In March 2023- Windfall Bio, an ag-tech company, raised $9M in seed funding from UNTITLED and Mayfield. They're developing the first-ever methane-to-organic fertilizer solution, which will reduce harmful emissions and create a sustainable alternative to traditional fertilizers.
• In October 2023- Uterra, a leading agriculture and real estate company, plans a USD 20 million investment in Ras Al Khaimah, UAE. Attaining a 33,000 m2 plot, they'll have micro-biological organic fertilizer for crop fitness in agriculture.


Type – Global Fertilizer Market breakup from 3 viewpoints:

1. Nitrogen (Nitrates, Urea, UAN, Compound Fertilizer, and Others)
2. Phosphorus
3. Potassium


Category – Global Fertilizer Market breakup from 2 viewpoints:

1. Organic
2. Inorganic


Forms – Global Fertilizer Market breakup from 2 viewpoints:

1. Dry
2. Liquid


Application – Global Fertilizer Market breakup from 4 viewpoints:

1. Agriculture
2. Horticulture
3. Gardening
4. Others


Crops – Global Fertilizer Market breakup from 14 viewpoints:

1. Grassland
2. Vegetables
3. Fruits/Treenuts
4. Roots/Tubers
5. Sugar Crops
6. Fibre Crops
7. Other Oil Crops
8. Oil Palm
9. Soybeans
10. Other Cereals
11. Maize
12. Rice
13. Wheat
14. Other


Countries – Global Fertilizer Market breakup of 19 Countries Covered in the Report:

1. North America

1.1 United States
1.2 Canada

2. Europe

2.1 Russia
2.2 Ukraine
2.3 Germany
2.4 Italy
2.5 United Kingdom
2.6 Turkey

3. Asia Pacific

3.1 China
3.2 India
3.3 Pakistan
3.4 Bangladesh
3.5 Indonesia
3.6 Vietnam
3.7 Australia

4. Latin America

4.1 Brazil
4.2 Argentina
4.3 Mexico

5. Rest of World


All companies have been covered from 3 viewpoints:

• Overview
• Recent Development
• Revenue


Company Analysis:

1. Yara International ASA
2. K+S AG
3. CF Industries Holdings
4. GrupaAzoty S.A
5. ICL Group
6. OCI NV
7. Sociedad Quimica y Minera de Chile SA
8. BASF SE
9. PhosAgro

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Table of Contents

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Dynamics

4.1 Growth Drivers
4.2 Challenges


5. Global Fertilizer Market and Volume

5.1 Market
5.2 Volume


6. Market Share – GlobalFertilizer Market

6.1 By Type

6.1.1 By Nitrogen

6.2 By Form
6.3 By Application
6.4 By Crop
6.5 By Countries


7. Volume Share – Global Fertilizer

7.1 By Type

7.1.1 By Nitrogen Fertilizers


8. Type – Global Fertilizer Market and Volume

8.1 Nitrogen Fertilizers

8.1.1 Market
8.1.2 Volume

8.2 Phosphate Fertilizers

8.2.1 Market
8.2.2 Volume

8.3 PotashFertilizers

8.3.1 Market
8.3.2 Volume


9. Nitrogen Fertilizers – Global Fertilizer Market

9.1 Ammonia (N)

9.1.1 Market
9.1.2 Volume

9.2 Ammonium Nitrate (N)

9.2.1 Market
9.2.2 Volume

9.3 Ammonium Phosphate (N)

9.3.1 Market
9.3.2 Volume

9.4 Ammonium Sulphate (N)

9.4.1 Market
9.4.2 Volume

9.5 Calcium Ammonium Nitrate (N)

9.5.1 Market
9.5.2 Volume

9.6 Potassium Nitrate (N)

9.6.1 Market
9.6.2 Volume

9.7 Urea (N)

9.7.1 Market
9.7.2 Volume

9.8 Urea Ammonium Nitrate (N)

9.8.1 Market
9.8.2 Volume

9.9 NK (N)

9.9.1 Market
9.9.2 Volume

9.10 NPK (N)

9.10.1 Market
9.10.2 Volume

9.11 NP (N)

9.11.1 Market
9.11.2 Volume

9.12 Others

9.12.1 Market
9.12.2 Volume


10. Category – Global Fertilizer Market

10.1 Organic
10.2 Inorganic


11. Form – Global Fertilizer Market

11.1 Dry
11.2 Liquid


12. Application – Global Fertilizer Market

12.1 Agriculture
12.2 Horticulture
12.3 Gardening
12.4 Others


13. Crop – Global Fertilizer Market

13.1 Grassland
13.2 Vegetables
13.3 Fruits/Treenuts
13.4 Roots/Tubers
13.5 Sugar Crops
13.6 Fibre Crops
13.7 Other Oil Crops
13.8 Oil Palm
13.9 Soybeans
13.10 Other Cereals
13.11 Maize
13.12 Rice
13.13 Wheat
13.14 Others


14. Countries – Global Fertilizer Market

14.1 North America

14.1.1 United States
14.1.2 Canada

14.2 Europe

14.2.1 Russia
14.2.2 Ukraine
14.2.3 Germany
14.2.4 Italy
14.2.5 United Kingdom
14.2.6 Turkey

14.3 Asia Pacific

14.3.1 China
14.3.2 India
14.3.3 Pakistan
14.3.4 Bangladesh
14.3.5 Indonesia
14.3.6 Vietnam
14.3.7 Australia

14.4 Latin America

14.4.1 Brazil
14.4.2 Argentina
14.4.3 Mexico

14.5 Rest of World


15. Porter’s Five Forces Analysis – Global Fertilizer Market

15.1 Bargaining Power of Buyers
15.2 Bargaining Power of Suppliers
15.3 Degree of Rivalry
15.4 Threat of New Entrants
15.5 Threat of Substitutes


16. SWOT Analysis – Global Fertilizer Market

16.1.1 Strength
16.1.2 Weakness
16.1.3 Opportunity
16.1.4 Threat


17. Key Players Analysis

17.1 Yara International ASA

17.1.1 Overview
17.1.2 Recent Development
17.1.3 Revenue Analysis

17.2 K+S AG

17.2.1 Overview
17.2.2 Recent Development
17.2.3 Revenue Analysis

17.3 CF Industries Holdings

17.3.1 Overview
17.3.2 Recent Development
17.3.3 Revenue Analysis

17.4 GrupaAzoty S.A

17.4.1 Overview
17.4.2 Recent Development
17.4.3 Revenue Analysis

17.5 ICL Group

17.5.1 Overview
17.5.2 Recent Development
17.5.3 Revenue Analysis

17.6 OCI NV

17.6.1 Overview
17.6.2 Recent Development
17.6.3 Revenue Analysis

17.7 Sociedad Quimica y Minera de Chile SA

17.7.1 Overview
17.7.2 Recent Development
17.7.3 Revenue Analysis

17.8 BASF SA

17.8.1 Overview
17.8.2 Recent Development
17.8.3 Revenue Analysis

17.9 PhosAgro

17.9.1 Overview
17.9.2 Recent Development
17.9.3 Revenue Analysis

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List of Tables/Graphs

Table-01: Global – Fertilizers Market Share by Nitrogen (Percent), 2019 – 2023
Table-02: Global – Forecast for Fertilizers Market Share by Nitrogen (Percent), 2024 – 2030
Table-03: Global – Fertilizers Market Share by Form (Percent), 2019 – 2023
Table-04: Global – Forecast for Fertilizers Market Share by Form (Percent), 2024 – 2030
Table-05: Global – Fertilizers Market Share by Application (Percent), 2019 – 2023
Table-06: Global – Forecast for Fertilizers Market Share by Application (Percent), 2024 – 2030
Table-07: Global – Fertilizers Market Share by Crop (Percent), 2019 – 2023
Table-08: Global – Forecast for Fertilizers Market Share by Crop (Percent), 2024 – 2030
Table-09: Global – Fertilizers Market Share by Countries (Percent), 2019 – 2023
Table-10: Global – Forecast for Fertilizers Market Share by Countries (Percent), 2024 – 2030
Table-11: Global – Fertilizers Volume Share by Nitrogen (Percent), 2019 – 2023
Table-12: Global – Forecast for Fertilizers Volume Share by Nitrogen (Percent), 2024 – 2030