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Fertilizer Market Share, Opportunities & Industry | 2031
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Fertilizer Market Share, Opportunities & Industry | 2031

Segments - Global Fertilizer Market by Types (Organic Fertilizers and Inorganic Fertilizers), Forms (Dry Fertilizers and Liquid Fertilizers), Crop Types (Pulses & Oilseeds, Grains & Cereals, Fruits & Vegetables, Commercial Crops, Turf & Ornamentals, and Others), Applications (Agriculture, Gardening, Horticulture, and Others), Administration Methods (Foliar, Soil, and Fertigation), and Regions (Asia Pacific, North America, Latin America, Europe and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2022 – 2030

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Author : Riddhesh Dani
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Fact-checked by : Harneet Meher
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Editor : Shruti Bhat

Upcoming | Report ID :MC-4044 | 4.8 Rating | 62 Reviews | 156 Pages | Format : PDF Excel PPT

Report Description


The global fertilizer market size was valued at around USD 190.5 billion in 2021 and is anticipated to reach around USD 320 billion by 2030, expanding at a CAGR of around 5% during the forecast period, 2022 – 2030. The growth of the market is attributed to the growing need to improve soil fertility to increase crop yield.

Global Fertilizer Market Summary

Fertilizers are defined as natural or artificial substances that, when applied to soil or plant tissues, provide nutrients, improve growth, and enhance productivity to plants. They contain essential nutrients required by plants such as potassium, nitrogen, and phosphorus. Fertilizers enhance water retention capacity of the soil and increase its fertility. Organic and inorganic are the two types of fertilizers used in farming. Organic fertilizers include livestock waste, agricultural waste, industrial waste, municipal sludge, and others. These fertilizers increase organic matter content of soil, change physical and chemical properties of soil, and promote reproduction of microorganisms. Organic fertilizers enrich soil with carbonic compounds. Urea is the most commonly used organic fertilizer around the globe. Inorganic fertilizers, also known as synthetic or artificial fertilizers, are made from minerals or synthetic compounds, which are generated artificially. Inorganic fertilizers include ammonium nitrate, potassium chloride, ammonium sulphate, magnesium sulphate, and others. Rising shift from inorganic fertilizers to organic fertilizers is attributed to hazardous effects of inorganic fertilizers on plants and soil after long-term usage. Fertilizers are expensive and some of its ingredients are harmful for skin and respiratory system, however, if used appropriately, fertilizers restore soil nutrients and aid in crop yield.

The global fertilizer market registered negative impact of the COVID-19 situation, due to import-export restrictions. Demand and prices of fertilizers fell drastically, due to closed borders, quarantines, and lockdowns. Various government initiatives and policies to support demand and supply of fertilizers are helping farmers, manufacturers, and others to recover from the pandemic situation.

  • Growing population and rising demand for food are projected to drive the global fertilizer market during the forecast period.
  • Increasing awareness of fertilizers and their benefits are expected to fuel the market in the coming years.
  • Various government initiatives and subsidies to support demand and supply of fertilizers fuel the market.
  • Lack of awareness regarding optimum use of fertilizers is estimated to restrain the growth of the market.
  • Rising pollution, due to uncontrolled use of fertilizers, is anticipated to hamper the growth of the market.
  • High prices of specialty fertilizers are expected to hinder the growth of the market.
  • Increasing adoption of organic fertilizers offer growth opportunities to key market players.
  • Growing soil nutrient deficiency increases the importance of specialty fertilizers, which offer lucrative opportunities to key market players.

Scope of the Report

The report on the global fertilizer market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Fertilizer Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2021

Historic Data

2019–2020

Forecast Period

2022–2030

Segmentation

Types (Organic Fertilizers and Inorganic Fertilizers), Forms (Dry Fertilizers and Liquid Fertilizers), Crop Types (Pulses & Oilseeds, Grains & Cereals, Fruits & Vegetables, Commercial Crops, Turf & Ornamentals, and Others), Applications (Agriculture, Gardening, Horticulture, and Others), and Administration Methods (Foliar, Soil, and Fertigation)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Yara International ASA; Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL), The Mosaic Company; Nutrien, Ltd.; The OCP Group; K+S Aktiengesellschaft; CF Industries Holdings, Inc.; Indian Farmers Fertiliser Cooperative Limited (IFFCO); ICL Group, Ltd.; Gemlik Fertilizer Industry, Inc.; Sumitomo Chemicals Co., Ltd; Unikeyterra Chemicals; Bunge Limited; Haifa Group; and Others

Market Segment Insights

Organic fertilizers segment drives the market

Based on types, the market is bifurcated into organic and inorganic fertilizers. The organic fertilizers segment is expected to hold a large share of the market during the forecast period, as organic fertilizers are non-toxic, which makes them safe for the environment. They are not as concentrated as inorganic fertilizers, which makes them safe to handle and use by farmers. Regular use of organic fertilizers does not jeopardize biological balance of soil, but it improves soil fertility. Increasing environmental awareness and negative effects of inorganic fertilizers on soil are anticipated to expand the organic fertilizers segment and spur the global fertilizer market.

Dry fertilizers segment holds a large market share

On the basis of forms, the market is bifurcated into dry fertilizers and liquid fertilizers. The dry fertilizer segment is projected to expand at a rapid pace during the forecast period, as dry or granular fertilizers are easy to store without any particular storage conditions. These fertilizers are kept in room temperature. Dry fertilizers are cost-effective when bought in bulk. Growing agricultural production is expected to expand the dry fertilizers segment, which is expected to drive the market during the forecast period.

Fruits & Vegetables segment spurs the market

Based on crop types, the market is segmented into pulses & oilseeds, grains & cereals, fruits & vegetables, commercial crops, turf & ornamentals, and others. The fruits & vegetables segment is expected to drive the market during the forecast period, owing to growing demand for fruits and vegetables in developed and developing countries for their nutritional value. To meet surging demand for organic fruits and vegetables around the globe, farmers are using organic fertilizers, which fuels the market. Expansion of the grains & cereals segment in the coming years is attributed to the growing population across the globe.

Agriculture segment dominates the market

On the basis of applications, the market is divided into agriculture, gardening, horticulture, and others. The agriculture segment is estimated to hold a large share of market during the forecast period, due to growing population and rising demand for food across the globe. Increasing adoption of fertilizers to maintain the level of nutrients in the soil, fulfill nutritional requirements of crops, and boost agricultural productivity fuels the global fertilizer market.

Global Fertilizer Market by Applications

Fertigation segment is projected as a fast-growing segment

According to administration methods, the market is segregated into foliar, soil, and fertigation. The fertigation segment is anticipated to drive the market, as the fertigation process maximizes the crop yield and minimizes environmental pollution. Fertigation is a labor, water, time, and energy-efficient process. Fertilizers are applied uniformly throughout the field as required. Adoption of efficient irrigation systems, rising awareness of the fertigation process, and holistic approach towards farming are expected to expand the fertigation segment, thus spurring the market during the forecast period.

Asia Pacific dominates the market

On the basis of regions, the market is segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Asia Pacific is projected to expand at a rapid pace, owing to increasing demand for various crops across the region. Growing population in developing countries of Asia Pacific is anticipated to drive the global fertilizer market in the region during the forecast period.

Global Fertilizer Market by Regions

Segments

The global fertilizer market has been segmented on the basis of

Types
  • Organic Fertilizers
  • Inorganic Fertilizers
Forms
  • Dry Fertilizers
  • Liquid Fertilizers
Crop Types
  • Pulses & Oilseeds
  • Grains & Cereals
  • Fruits & Vegetables
  • Commercial Crops
  • Turf & Ornamentals
  • Others
Applications
  • Agriculture
  • Gardening
  • Horticulture
  • Others
Administration Methods
  • Foliar
  • Soil
  • Fertigation
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Yara International ASA
  • Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL)
  • The Mosaic Company
  • Nutrien, Ltd.
  • The OCP Group
  • K+S Aktiengesellschaft
  • CF Industries Holdings, Inc.
  • Indian Farmers Fertiliser Cooperative Limited (IFFCO)
  • ICL Group, Ltd.
  • Gemlik Fertilizer Industry, Inc.
  • Sumitomo Chemicals Co., Ltd
  • Unikeyterra Chemicals
  • Bunge Limited
  • Haifa Group
  • Others

Competitive Landscape

The global fertilizer market is consolidated with the presence of key players such as Yara International ASA; Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL); The Mosaic Company; Nutrien, Ltd.; The OCP Group; K+S Aktiengesellschaft; CF Industries Holdings, Inc.; Indian Farmers Fertiliser Cooperative Limited (IFFCO); ICL Group, Ltd.; Gemlik Fertilizer Industry, Inc.; Sumitomo Chemicals Co., Ltd; Unikeyterra Chemicals; Bunge Limited; Haifa Group; and others, who use business strategies such as mergers, acquisitions, collaborations, partnerships, and product launches to strengthen their hold on the market. For example, in January 2020, Nutrien, Ltd., announced the acquisition of a Brazil-based retailer, Agrosema Comercial Agricola, Ltd., to penetrate into the fertilizer market in Latin America. In 2020, The Mosaic Company collaborated with BioConsortia, an innovative microbial company, to launch a nitrogen-fixing microbial product to increase productivity of wheat, corn, and others.

Global Fertilizer Market by Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Fertilizer Market Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Fertilizer Market Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Fertilizer Market Market - Supply Chain
  4.5. Global Fertilizer Market Market Forecast
     4.5.1. Fertilizer Market Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Fertilizer Market Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Fertilizer Market Market Absolute $ Opportunity
5. Global Fertilizer Market Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Fertilizer Market Market Size and Volume Forecast by Types
     5.3.1. Organic Fertilizers
     5.3.2. Inorganic Fertilizers
     5.3.3.  
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Fertilizer Market Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Fertilizer Market Market Size and Volume Forecast by Applications
     6.3.1. Agriculture
     6.3.2. Gardening
     6.3.3. Horticulture
     6.3.4. Others
     6.3.5.
     6.3.6.  
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Fertilizer Market Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Fertilizer Market Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Fertilizer Market Demand Share Forecast, 2019-2026
8. North America Fertilizer Market Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Fertilizer Market Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Fertilizer Market Market Size and Volume Forecast by Types
     8.4.1. Organic Fertilizers
     8.4.2. Inorganic Fertilizers
     8.4.3.  
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Fertilizer Market Market Size and Volume Forecast by Applications
     8.7.1. Agriculture
     8.7.2. Gardening
     8.7.3. Horticulture
     8.7.4. Others
     8.7.5.
     8.7.6.  
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Fertilizer Market Demand Share Forecast, 2019-2026
9. Latin America Fertilizer Market Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Fertilizer Market Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Fertilizer Market Market Size and Volume Forecast by Types
     9.4.1. Organic Fertilizers
     9.4.2. Inorganic Fertilizers
     9.4.3.  
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Fertilizer Market Market Size and Volume Forecast by Applications
     9.7.1. Agriculture
     9.7.2. Gardening
     9.7.3. Horticulture
     9.7.4. Others
     9.7.5.
     9.7.6.  
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Fertilizer Market Demand Share Forecast, 2019-2026
10. Europe Fertilizer Market Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Fertilizer Market Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Fertilizer Market Market Size and Volume Forecast by Types
     10.4.1. Organic Fertilizers
     10.4.2. Inorganic Fertilizers
     10.4.3.  
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Fertilizer Market Market Size and Volume Forecast by Applications
     10.7.1. Agriculture
     10.7.2. Gardening
     10.7.3. Horticulture
     10.7.4. Others
     10.7.5.
     10.7.6.  
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Fertilizer Market Demand Share Forecast, 2019-2026
11. Asia Pacific Fertilizer Market Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Fertilizer Market Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Fertilizer Market Market Size and Volume Forecast by Types
     11.4.1. Organic Fertilizers
     11.4.2. Inorganic Fertilizers
     11.4.3.  
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Fertilizer Market Market Size and Volume Forecast by Applications
     11.7.1. Agriculture
     11.7.2. Gardening
     11.7.3. Horticulture
     11.7.4. Others
     11.7.5.
     11.7.6.  
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Fertilizer Market Demand Share Forecast, 2019-2026
12. Middle East & Africa Fertilizer Market Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Fertilizer Market Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Fertilizer Market Market Size and Volume Forecast by Types
     12.4.1. Organic Fertilizers
     12.4.2. Inorganic Fertilizers
     12.4.3.  
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Fertilizer Market Market Size and Volume Forecast by Applications
     12.7.1. Agriculture
     12.7.2. Gardening
     12.7.3. Horticulture
     12.7.4. Others
     12.7.5.
     12.7.6.  
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Fertilizer Market Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Fertilizer Market Market: Market Share Analysis
  13.2. Fertilizer Market Distributors and Customers
  13.3. Fertilizer Market Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Yara International ASA
     13.4.2. Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL)
     13.4.3. The Mosaic Company
     13.4.4. Nutrien, Ltd.
     13.4.5. The OCP Group
     13.4.6. K+S Aktiengesellschaft
     13.4.7. CF Industries Holdings, Inc.
     13.4.8. Indian Farmers Fertiliser Cooperative Limited (IFFCO)
     13.4.9. ICL Group, Ltd.
     13.4.10. Gemlik Fertil

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