Fertilizer Market to Reach US$ 308.6 Billion by 2030 | CAGR 4.9% | Asia-Pacific Leads with 40% Share | Key Players: The Mosaic Company, Yara International

Market Overview

The Global Fertilizer Market was valued at US$ 210.5 billion in 2022 and is projected to reach US$ 308.6 billion by 2030, growing at a CAGR of 4.9% during the forecast period 2024-2031, according to DataM Intelligence. The market's growth is primarily driven by the increasing global population, rising food demand, and the growing need to enhance agricultural productivity. With limited arable land available, fertilizers play a critical role in improving crop yield and ensuring food security worldwide.

Get a Free Sample PDF Of This Report (Get Higher Priority for Corporate Email ID):-https://www.datamintelligence.com/download-sample/fertilizers-market?Juli

The adoption of advanced farming practices, including precision agriculture and sustainable nutrient management, is fueling fertilizer consumption across both developed and emerging economies. Moreover, government initiatives and subsidy programs promoting sustainable and efficient fertilizer use are further supporting market expansion. Rising awareness of balanced nutrient management and soil fertility enhancement is also driving farmers toward optimized fertilizer use, ensuring long-term agricultural sustainability and productivity.

Recent Developments:

✅ January 2026: Nutrien Ltd. launched a new enhanced-efficiency nitrogen fertilizer formulated to reduce greenhouse gas emissions and nitrogen losses, supporting sustainable farming practices and improved nutrient uptake.

✅ November 2025: Yara International introduced its digital crop nutrition platform, integrating real-time soil and weather analytics to help farmers optimize fertilizer application and minimize environmental impact.

✅ September 2025: The Mosaic Company announced the expansion of its MicroEssentials® production facility in the United States to meet rising demand for high-efficiency phosphate-based fertilizers.

✅ July 2025: ICL Group unveiled a next-generation controlled-release fertilizer (CRF) line designed to deliver precise nutrient release for high-value crops, improving soil health and yield consistency.

✅ May 2025: OCP Group began construction of a new green ammonia and fertilizer complex in Morocco, aligning with its commitment to decarbonized fertilizer production and renewable energy use.

✅ March 2025: CF Industries partnered with a major renewable energy provider to develop a low-carbon ammonia production facility, aimed at reducing the carbon footprint of nitrogen-based fertilizers.

Mergers & Acquisitions:

✅ December 2025: Nutrien Ltd. acquired a majority stake in a Latin American specialty fertilizer manufacturer, strengthening its regional presence and expanding its portfolio of advanced nutrient solutions.

✅ October 2025: OCP Group finalized the acquisition of a European biofertilizer company, enhancing its sustainable and organic fertilizer product offerings to meet growing demand for eco-friendly solutions.

✅ July 2025: Yara International ASA acquired a digital agriculture startup specializing in precision nutrient analytics, integrating data-driven tools to improve fertilizer efficiency and farm productivity.

✅ May 2025: The Mosaic Company completed the purchase of a Brazilian fertilizer blending and distribution firm, expanding its footprint in one of the world's largest agricultural markets.

Buy Now & Unlock 360° Market Intelligence:-https://www.datamintelligence.com/buy-now-page?report=fertilizers-market?Juli

Key Players:
Agrium Inc. | Israel Chemical Ltd. (ICL) | Sociedad Química Y Minera De Chile (SQM) | K+S Aktiengesellschaft | Yara International ASA | Haifa Chemicals Ltd. | Compo GmbH & Co. KG | Coromandel International Ltd. | The Mosaic Company | Hebei Monband Water Soluble Fertilizer Co., Ltd.

Key Highlights :

• Agrium Inc. - Holds 12% share, offering nitrogen, phosphate, and potash fertilizers along with integrated retail agricultural solutions globally.

• Israel Chemical Ltd. (ICL) - Holds 10% share, specializing in phosphate, potash, and specialty fertilizers designed for sustainable agriculture and high-value crops.

• Sociedad Química Y Minera De Chile (SQM) - Holds 8% share, focusing on potassium nitrate and specialty plant nutrition products for enhanced crop yield.

• K+S Aktiengesellschaft - Holds 9% share, providing potash- and magnesium-based fertilizers to improve soil fertility and nutrient efficiency.

• Yara International ASA - Holds 14% share, a global leader in nitrogen-based fertilizers and digital farming solutions promoting precision nutrient management.

• Haifa Chemicals Ltd. - Holds 7% share, offering specialty fertilizers and water-soluble formulations for horticulture and greenhouse applications.

• Compo GmbH & Co. KG - Holds 6% share, focusing on compound and specialty fertilizers for ornamental plants, turf, and landscaping.

• Coromandel International Ltd. - Holds 10% share, producing complex fertilizers and micronutrients tailored for Indian and Asian agricultural markets.

• The Mosaic Company - Holds 15% share, one of the largest producers of phosphate and potash fertilizers with global distribution networks.

• Hebei Monband Water Soluble Fertilizer Co., Ltd. - Holds 5% share, specializing in water-soluble NPK and specialty fertilizers for drip irrigation and modern agriculture.

Market Segmentation:

By Type, Nitrogen-based fertilizers dominate the market with approximately 45% share, driven by their essential role in promoting rapid plant growth and increasing crop yield. Phosphate (P2O5) fertilizers account for around 30%, primarily used to support root development and seed formation, while Potash fertilizers hold roughly 25%, enhancing crop resistance, water retention, and nutrient absorption efficiency.

By Crop Type, cereals and grains collectively lead the market with around 40% share, as fertilizers are widely used for staple crops such as wheat, maize, and rice to meet global food demand. Fruits and vegetables represent about 25%, driven by rising consumption of nutrient-rich produce and demand for higher-quality yields. Oilseeds and pulses hold approximately 15%, followed by sugar crops and cotton, each accounting for around 10%, due to their intensive nutrient requirements for optimal productivity.

Speak to Our Analyst and Get Customization in the report as per your requirements:-https://www.datamintelligence.com/customize/fertilizers-market?Juli

Regional Insights:

Asia-Pacific dominates the global fertilizer market with around 40% share, driven by extensive agricultural activity, large population bases in countries such as China and India, and increasing government subsidies supporting fertilizer use. The region's focus on improving crop productivity and food security continues to fuel strong demand for nitrogen and phosphate fertilizers.

North America holds approximately 22% of the market, supported by the adoption of precision farming practices, sustainable nutrient management, and large-scale production of maize, soybeans, and wheat. The United States remains a major consumer of potash and specialty fertilizers.

Europe accounts for roughly 20%, led by countries such as France, Germany, and Russia, where farmers increasingly adopt controlled-release and eco-friendly fertilizers to meet stringent environmental regulations.

Latin America contributes about 10% to the global market, with Brazil and Argentina driving fertilizer consumption for crops like sugarcane, soybeans, and maize. Expanding agricultural exports are a key factor supporting regional growth.

Market Dynamics:

Increasing Global Population and Rising Food Demand Drive Market Growth
The growing global population and rising food demand are major factors driving the fertilizer market's expansion. As the population continues to grow, pressure on agricultural systems to produce higher crop yields intensifies. Fertilizers play a critical role in improving soil fertility, enhancing crop productivity, and sustaining food supply chains. According to the United Nations, the world population increased from 2.5 billion in 1950 to 8.0 billion in 2022, with an additional 1 billion people added in just over a decade. This demographic surge underscores the urgent need for higher agricultural output, propelling the demand for fertilizers across both developed and emerging economies.

Need for Enhanced Agricultural Productivity Creates Market Opportunities
The continuous demand for higher agricultural productivity presents significant opportunities for the fertilizer market. Farmers and agribusinesses are increasingly relying on fertilizers to improve soil health and ensure optimal nutrient balance for crops. Fertilizers supply essential elements such as nitrogen, phosphorus, and potassium, which are vital for plant growth and development. By replenishing soil nutrients and improving yield potential, fertilizers enable farmers to maximize production efficiency and meet growing food demands. This focus on yield optimization and sustainable nutrient management continues to create lucrative growth opportunities for fertilizer manufacturers worldwide.

Environmental Concerns Hamper Market Growth
Despite strong demand, the fertilizer market faces challenges from environmental concerns associated with overuse and nutrient runoff. Excessive fertilizer application can lead to water pollution, soil degradation, and greenhouse gas emissions, prompting regulatory restrictions on chemical fertilizer usage. Governments and environmental agencies are increasingly promoting the adoption of eco-friendly and controlled-release fertilizers to mitigate environmental impact. While this shift drives innovation toward sustainable solutions, it also poses short-term constraints on conventional fertilizer consumption, potentially moderating overall market growth.

📌 Request for 2 Days FREE Trial Access: https://www.datamintelligence.com/reports-subscription

☛ Power your decisions with real-time competitor tracking, strategic forecasts, and global investment insights all in one place.

✅ Competitive Landscape

✅ Sustainability Impact Analysis

✅ KOL / Stakeholder Insights

✅ Unmet Needs & Positioning, Pricing & Market Access Snapshots

✅ Market Volatility & Emerging Risks Analysis

✅ Quarterly Industry Report Updated

✅ Live Market & Pricing Trends

✅ Import-Export Data Monitoring

☛ Have a look at our Subscription Dashboard: https://www.youtube.com/watch?v=x5oEiqEqTWg?Juli

Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com

About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.

Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.

This release was published on openPR.