Fertilizers Market Report 2025 (Global Edition)

Global Fertilizers Market Report 2025 Market Size Split by Type Outlook: (Organic Fertilizers, Inorganic Fertilizers), by Application Outlook: (Agriculture, Horticulture, Gardening, Others), by Form O...

Fertilizers Market Report Description

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Competitive Landscape of the Fertilizers Market

The fertilizers market is highly competitive, with the presence of several global and regional players. Key market participants include companies like Nutrien Ltd., Yara International ASA, CF Industries Holdings, Inc., The Mosaic Company, and ICL Group. These players focus on expanding their product portfolios, investing in research and development, and adopting sustainable practices to strengthen their market positions.

In May 2022, ICL signed an agreement with customers in India and China to supply 600,000 and 700,000 metric ton of potash, respectively in 2022 at 590 USD per ton. (Source: https://investors.icl-group.com/reports-news-and-events/press-releases/press-releases-details/2022/ICL-Reports-Record-First-Quarter-2022-Results-and-Raises-Guidance/default.aspx) In July 2024, Coromandel International launched its new Magnesium-fortified complex grade fertilizer, 'Paramfos Plus,' in Bengaluru. (Source: https://www.coromandel.biz/press-release/coromandel-international-unveils-magnesium-enriched-paramfos-plus-to-boost-crop-yield-and-quality/)

Top Companies Market Share in Fertilizers Industry: (In no particular order of Rank)

• Haifa Group
• Nutrien Ltd.
• Yara International ASA
• CF Industries Holdings Inc.
• Syngenta AG
• Bunge Limited
• Israel Chemicals Ltd.
• Indian Farmers Fertilizer Cooperative Limited
• Sumitomo Chemical Co. Ltd
• Gemlik Fertilizer Inc
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Fertilizers Market

Which Region Dominates the Fertilizers Market in 2024?

According to Cognitive Market Research, North America dominates the fertilizers market due to its advanced agricultural practices, high adoption of modern farming technologies, and large-scale agricultural production. The United States, in particular, is one of the world's largest consumers of fertilizers, driven by the need to support its vast crop production across various sectors, including corn, wheat, and soybean farming.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is the fastest-growing region in the fertilizers market due to its large agricultural base and rapidly expanding population, which drives the need for increased food production. Countries like China and India, major agricultural producers, are heavily dependent on fertilizers to enhance crop yields and ensure food security. The region’s adoption of modern farming techniques, such as precision agriculture, and government support through subsidies further fuel fertilizer demand.

The current report Scope analyzes Fertilizers Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Fertilizers

According to Cognitive Market Research, the global Fertilizers market size was estimated at USD 202514.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 81005.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.4% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Fertilizers market with a market size of USD 63913.48 million in 2024 and is projected to grow at a CAGR of 1.2% during the forecast period. The U.S. market's advanced agricultural infrastructure and high demand for crop production.
• The Canada Fertilizers market had a market share of USD 9720.68 million in 2024 and is projected to grow at a CAGR of 2.2% during the forecast period. Canada’s advanced agricultural infrastructure and high demand for crop production.
• The Mexico Fertilizers market is projected to witness growth at a CAGR of 1.9% during the forecast period, with a market size of USD 7371.52 million in 2024.

Europe Fertilizers

According to Cognitive Market Research, the global Fertilizers market size was estimated at USD 202514.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 60754.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.7% from 2024 to 2031.

• The United Kingdom Fertilizers market had a market share of USD 10206.72 million in 2024 and is projected to grow at a CAGR of 2.5% during the forecast period. In the UK, Fertilizers sales witness an upswing due to the advanced agricultural techniques, strict environmental regulations.
• The France Fertilizers market is projected to witness growth at a CAGR of 0.9% during the forecast period, with a market size of USD 5589.39 million in 2024.
• According to Cognitive Market Research, the German Fertilizers market size was valued at USD 12029.34 million in 2024 and is projected to grow at a CAGR of 1.9% during the forecast period. In Germany, Fertilizers surged due to the advanced agricultural techniques, strict environmental regulations.
• The Italy Fertilizers market is projected to witness growth at a CAGR of 1.1% during the forecast period, with a market size of USD 5224.87 million in 2024.
• The Russia Fertilizers market is projected to witness growth at a CAGR of 0.7% during the forecast period, with a market size of USD 9416.91 million in 2024.
• The Spain Fertilizers market is projected to witness growth at a CAGR of 0.8% during the forecast period with a market size of USD 4981.85 million in 2024
• The Luxembourg Fertilizers market is projected to witness growth at a CAGR of 1.8% during the forecast period, with a market size of USD 1883.38 million in 2024.
• The Portugal Fertilizers market is projected to witness growth at a CAGR of 1.5% during the forecast period, with a market size of USD 1275.84 million in 2024.
• The Greece Fertilizers market is projected to witness growth at a CAGR of 2.0% during the forecast period, with a market size of USD 729.05 million in 2024.
• The Rest of Europe's Fertilizers market is projected to witness growth at a CAGR of 0.4% during the forecast period, with a market size of USD 9416.91 million in 2024.

Asia Pacific Fertilizers

According to Cognitive Market Research, the global Fertilizers market size was estimated at USD 202514.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 46578.27 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.

• According to Cognitive Market Research, the China Fertilizers market size was valued at USD 20960.22 million in 2024 and is projected to grow at a CAGR of 4.7% during the forecast period. Fertilizers surged in China due to large agricultural base and the need to feed a growing population.
• The Japan Fertilizers market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 6427.80 million in 2024.
• The India Fertilizers market had a market share of USD 5589.39 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. India's large agricultural base and the need to feed a growing population.
• The South Korean Fertilizers market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 4657.83 million in 2024.
• The Australian Fertilizers market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 2422.07 million in 2024.
• The South East Asia Fertilizers market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 3213.90 million in 2024.
• The Rest of Asia Pacific Fertilizers market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 3307.06 million in 2024.

South America Fertilizers

According to Cognitive Market Research, the global Fertilizers market size was estimated at USD 202514.2 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 10125.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.6% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Fertilizers market size was valued at USD 4333.80 million in 2024 and is projected to grow at a CAGR of 3.2% during the forecast period. Fertilizers flourished in Brazil due to increasing demand for high-quality food products.
• Argentina's Fertilizers market had a market share of USD 1701.12 million in 2024 and is projected to grow at a CAGR of 3.5% during the forecast period. Argentina's increasing demand for high-quality food products.
• Colombia Fertilizers market is projected to witness growth at a CAGR of 2.4% during the forecast period, with a market size of USD 901.19 million in 2024.
• Peru Fertilizers market is projected to witness growth at a CAGR of 2.8% during the forecast period, with a market size of USD 830.31 million in 2024.
• Chile Fertilizers market is projected to witness growth at a CAGR of 2.9% during the forecast period, with a market size of USD 729.05 million in 2024.
• The Rest of Latin America's Fertilizers market is projected to witness growth at a CAGR of 1.7% during the forecast period, with a market size of USD 1630.24 million in 2024.

Middle East and Africa Fertilizers

According to Cognitive Market Research, the global Fertilizers market size was estimated at USD 202514.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 4050.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.9% from 2024 to 2031..

• The GCC Countries Fertilizers market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 1733.52 million in 2024. Fertilizers sales flourish due to the increasing agricultural demand and a need to improve food security amidst a growing population.
• The Egypt Fertilizers market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 425.28 million in 2024.
• The South Africa Fertilizers market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 639.94 million in 2024. Fertilizers sales flourished in South Africa due to increasing agricultural demand and a need to improve food security amidst a growing population.
• The Turkey Fertilizers market is projected to witness growth at a CAGR of 2.4% during the forecast period, with a market size of USD 348.32 million in 2024.
• The Nigeria Fertilizers market is projected to witness growth at a CAGR of 2.0% during the forecast period, with a market size of USD 425.28 million in 2024.
• The Rest of the MEA Fertilizers market is projected to witness growth at a CAGR of 1.9% during the forecast period, with a market size of USD 477.93 million in 2024.

Fertilizers Market Analysis

How are Segments Performing in the Global Fertilizers Market?

Fertilizers Market Type Segment Analysis

According to Cognitive Market Research, Inorganic fertilizers dominate the fertilizers market due to their high efficiency and immediate nutrient availability for crops. These synthetic fertilizers, which include nitrogen, phosphorus, and potassium-based products, are widely used for large-scale commercial farming. They are cost-effective and provide quick results, making them highly favored by farmers seeking to maximize crop yields in a short time.

Organic fertilizers are the fastest-growing segment in the fertilizers market, driven by increasing awareness of environmental sustainability and soil health. As consumers and farmers focus on reducing chemical inputs and improving soil biodiversity, organic fertilizers such as compost, manure, and bio-based products have gained traction. The demand for organic fertilizers is also supported by the rising popularity of organic farming and the push for eco-friendly agricultural practices.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Fertilizers Industry. Request a Free Sample PDF!

Fertilizers Market Application Segment Analysis

According to Cognitive Market Research, The agriculture sector is the dominant application segment in the fertilizers market due to the widespread use of fertilizers to enhance crop yields and support food security. Fertilizers play a vital role in commercial farming, particularly in staple crops like wheat, corn, and rice, where high productivity is essential.

Horticulture is the fastest-growing application segment in the fertilizers market, driven by rising consumer demand for high-quality fruits, vegetables, and ornamental plants. As interest in gardening, landscaping, and urban farming increases, the need for fertilizers tailored to these specific plants is growing rapidly.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Fertilizers Form Outlook: Segment Analysis

Fertilizers Market Form Segment Analysis

According to Cognitive Market Research, Dry fertilizers are the dominant segment in the fertilizers market due to their ease of use, longer shelf life, and efficiency in large-scale agricultural applications. They are widely preferred for their ability to provide a consistent and controlled release of nutrients over an extended period, making them ideal for high-volume farming.

Liquid fertilizers are the fastest-growing segment in the fertilizers market, primarily driven by their rapid absorption and more precise nutrient delivery to plants. The growing popularity of precision agriculture, which focuses on optimizing nutrient use, has accelerated the adoption of liquid fertilizers, especially in high-value crops.

• Dry
• Liquid

Fertilizers Crop Type Outlook: Segment Analysis

Fertilizers Market Crop Type Segment Analysis

According to Cognitive Market Research, Field crops are the dominant segment in the fertilizers market due to their extensive cultivation and high demand for fertilizers to achieve optimal yields. These crops, including wheat, corn, rice, and soybeans, form the backbone of global food production, requiring significant amounts of nutrients to grow efficiently. The use of fertilizers in field crops helps to address soil nutrient deficiencies, improve growth, and ensure high-quality harvests.

The turf and ornamental segment is the fastest-growing in the fertilizers market, driven by the rising demand for high-quality lawns, sports fields, and landscaping plants. As urbanization increases, there is a growing emphasis on aesthetic green spaces, boosting fertilizer demand for turfgrass and ornamental plants. Additionally, the increasing popularity of golf courses, sports arenas, and home gardening is contributing to this growth.

• Field Crops
• Horticultural Crops
• Turf & Ornamental

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Pratik Shirsath

Research Associate at Cognitive Market Research

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