Fertilizer Market Size to Surpass USD 236.9 Billion by 2032, at a CAGR of 3.2%

Global Fertilizer Industry: Key Statistics and Insights in 2024-2032

Summary:

● The global fertilizer market size reached 𝐔𝐒𝐃 𝟏𝟕𝟔.𝟒 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 in 2023.
● The market is expected to reach 𝐔𝐒𝐃 𝟐𝟑𝟔.𝟗 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 by 2032, exhibiting a growth rate (CAGR) of 𝟑.𝟐% during 2024-2032.  
● 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.    
● Dryholds 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.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐟𝐨𝐫 𝐦𝐨𝐫𝐞 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬: https://www.imarcgroup.com/fertilizer-market/requestsample

𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬 𝐚𝐧𝐝 𝐃𝐫𝐢𝐯𝐞𝐫𝐬:

● 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.

𝐁𝐮𝐲 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/checkout?id=2503&method=502

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:

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

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

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐁𝐲 𝐂𝐫𝐨𝐩 𝐓𝐲𝐩𝐞: 

● Dry
● Liquid

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

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐁𝐲 𝐑𝐞𝐠𝐢𝐨𝐧:

● 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. 

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐫𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐭𝐚𝐛𝐥𝐞 𝐨𝐟 𝐜𝐨𝐧𝐭𝐞𝐧𝐭𝐬: https://www.imarcgroup.com/fertilizer-market

𝐓𝐨𝐩 𝐅𝐞𝐫𝐭𝐢𝐥𝐢𝐳𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐋𝐞𝐚𝐝𝐞𝐫𝐬:

The fertilizer market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:

● 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

𝐍𝐨𝐭𝐞: 𝐈𝐟 𝐲𝐨𝐮 𝐫𝐞𝐪𝐮𝐢𝐫𝐞 𝐚𝐧𝐲 𝐬𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐭𝐡𝐚𝐭 𝐢𝐬 𝐧𝐨𝐭 𝐜𝐨𝐯𝐞𝐫𝐞𝐝 𝐜𝐮𝐫𝐫𝐞𝐧𝐭𝐥𝐲 𝐰𝐢𝐭𝐡𝐢𝐧 𝐭𝐡𝐞 𝐬𝐜𝐨𝐩𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭, 𝐰𝐞 𝐰𝐢𝐥𝐥 𝐩𝐫𝐨𝐯𝐢𝐝𝐞 𝐭𝐡𝐞 𝐬𝐚𝐦𝐞 𝐚𝐬 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧.

𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐁𝐲 𝐈𝐌𝐀𝐑𝐂 𝐆𝐫𝐨𝐮𝐩:

𝐄𝐲𝐞 𝐇𝐞𝐚𝐥𝐭𝐡 𝐒𝐮𝐩𝐩𝐥𝐞𝐦𝐞𝐧𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.imarcgroup.com/eye-health-supplements-market

𝐍𝐚𝐭𝐮𝐫𝐚𝐥 𝐑𝐮𝐛𝐛𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.imarcgroup.com/natural-rubber-market

𝐌𝐞𝐚𝐥 𝐊𝐢𝐭 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.imarcgroup.com/meal-kit-market

𝐎𝐚𝐭 𝐌𝐢𝐥𝐤 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.imarcgroup.com/oat-milk-market

𝐁𝐢𝐜𝐲𝐜𝐥𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.imarcgroup.com/bicycle-market

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145

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.

This release was published on openPR.