Fertilizers Market Is Likely to Experience a Tremendous Growth by 2029

Fertilizers market is anticipated to grow at a significant CAGR of 3% during the forecast period. Fertilizers are natural or artificial substances that contain chemical elements to improve the growth and productivity of plants. Additionally, they also enhance the soil's natural fertility as well as assist in replacing the chemical elements taken from the soil by previous crops. Modern fertilizers include nitrogenous, potash, and phosphate fertilizers. Moreover, some fertilizers contain certain micronutrients such as zinc and other metals necessary for plant growth. The major factor driving the growth of the global fertilizers market during the forecast is the increasing population growth and high demand for food products. According to the United Nations (UN), the global population has grown from 1 billion in 1800 to 7.9 billion in 2020. Additionally, it is anticipated to keep growing and reach 8.6 billion by mid-2030, 9.8 billion by mid-2050, and 11.2 billion by 2100. Hence, the growing population globally is driving the demand for food products which in turn is driving the growth of the market.

The global fertilizers market is segmented based on application and type. Based on the application, the market is sub-segmented into crop based, non-crop based, and others. Based on the type, the market is sub-segmented into nitrogen (ammonia, ammonium sulfate, ammonium nitrate, calcium ammonium nitrate, urea, calcium nitrate, sodium nitrate, and other nitrogen fertilizers), phosphate (single superphosphate, triple superphosphate, diammonium phosphate, monoammonium phosphate, ground rock phosphate, and other phosphate fertilizers) and potash (potassium nitrate, potassium chloride, potassium sulfate, and other potash fertilizers).

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Fertilizers Market Segmentation

By Application

Crop Based
Non-Crop Based
Others

By Type

Nitrogen Fertilizers
Ammonia
Ammonium Sulfate
Ammonium Nitrate
Calcium Ammonium Nitrate
Urea
Calcium Nitrate
Sodium Nitrate
Other Nitrogen Fertilizers
Phosphate Fertilizers
Single Superphosphate
Triple Superphosphate
Diammonium Phosphate
Monoammonium Phosphate
Ground Rock Phosphate
Other Phosphate Fertilizers
Potash Fertilizers
Potassium Nitrate
Potassium Chloride
Potassium Sulfate
Other Potash Fertilizers

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Regional Analysis                                                                                                                                                                            

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles 

Acron PJSC
BELARUSKALI
Bunge Ltd.
CF Industries Holdings, Inc.
Coromandel International Ltd.
ICL Fertilizers Ltd.
IFFCO Group
K+S AG
National Fertilizers Ltd.
OCP Group
Orascom Construction Industries Co.
Potash Corp. Of Saskatchewan 
Qatar Fertiliser Co. (P.S.C)
Saudi Arabian Fertilizer Co. (SAFCO AB)
Sociedad Quimica Y Minera De Chile SA (SQM)
The Mosaic Co.
UPL Ltd.
URALKALI PJSC
Yara International ASA

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