PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1649544
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1649544
Fertilizer Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2025 - 2032)
The global fertilizer market is experiencing steady growth, with revenues projected to reach $210.19 billion in 2024 and anticipated to expand at a compound annual growth rate (CAGR) of 3.86% from 2025 to 2032, ultimately reaching $281.92 billion by 2032. This growth is primarily driven by the increasing global population, which elevates the demand for food and, consequently, the need for fertilizers to enhance crop production. Additionally, the adoption of sustainable agricultural practices, such as precision farming and drip irrigation, is contributing to the rising demand for advanced fertilizer products.
Key Insights
The market is divided into dry and liquid fertilizers. Dry fertilizers held a larger market share of approximately 70% in 2024, attributed to their long-lasting nutrient supply and cost-effectiveness for large-scale farming. However, the liquid fertilizer segment is expected to grow at a higher CAGR of 8.51% during the forecast period, due to their quick nutrient absorption, which is crucial during the initial growth stages of crops.
The market comprises organic and inorganic fertilizers. There is a notable shift towards organic fertilizers, driven by the increasing focus on sustainable and eco-friendly farming practices. Organic fertilizers, derived from natural materials like manure and compost, improve soil composition and reduce environmental impact. Governments worldwide are implementing stricter regulations on chemical fertilizers, further promoting the use of organic alternatives.
The primary applications include agriculture, horticulture, gardening, and forestry. Agriculture remains the largest application segment, driven by the need to meet the food demands of a growing population. The adoption of fertilizers in horticulture and gardening is also rising, supported by increasing urbanization and interest in landscaping.
Asia-Pacific held the largest market share of approximately 45% in 2024 and is expected to grow at the highest CAGR of 7.87% during the forecast period. This dominance is due to the presence of agriculture-based economies such as China, India, and Indonesia. China and India are among the world's largest consumers of nitrogen-based fertilizers, driven by their extensive agricultural activities.
North America is witnessing steady growth in the fertilizer market, supported by advanced agricultural practices and a focus on sustainable farming. The adoption of precision farming and controlled-release fertilizers is contributing to market expansion in this region.
Europe is experiencing a shift towards organic fertilizers, driven by stringent environmental regulations and policies promoting sustainable agriculture. The Common Agricultural Policy (CAP) 2023-2027 emphasizes the use of organic fertilizers to enhance soil health and aims to reduce chemical fertilizer usage by 20% by 2032.
The development of new fertilizer formulations, such as controlled-release, slow-release, and micronutrient-enriched products, is driving market expansion. These advanced fertilizers offer efficient nutrient delivery, reduce environmental impact, and support sustainable farming practices.
The integration of precision agriculture techniques, including the use of GPS and data analytics, allows for the precise application of fertilizers, optimizing crop yields and minimizing waste. This approach enhances efficiency and supports environmental sustainability.
The fertilizer market is fragmented, with numerous international and regional players contributing to its dynamics. Major companies include Nutrien Ltd., Yara International ASA, The Mosaic Company, EuroChem Group AG, and Indian Farmers Fertiliser Cooperative Limited.
The growing emphasis on sustainable agriculture presents significant opportunities for market expansion. The increasing adoption of organic fertilizers, driven by environmental concerns and government policies, offers avenues for growth. Additionally, advancements in fertilizer manufacturing technologies are leading to more effective and affordable products, further propelling market development.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market Size Breakdown, by Form
- 1.4.2. Market Size Breakdown, by Type
- 1.4.3. Market Size Breakdown, by Application
- 1.4.4. Market Size Breakdown, by Region
- 1.4.5. Market Size Breakdown, by Country
- 1.5. Market Data Reporting Unit
- 1.5.1. Revenue
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence Database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Industry Background
- 5.2. Market Dynamics
- 5.2.1. Trends
- 5.2.2. Drivers
- 5.2.3. Restraints/Challenges
- 5.2.4. Emerging Economies and Key Opportunities
- 5.2.5. Impact Analysis of Drivers/Restraints
- 5.3. Impact of COVID-19
- 5.4. Sociopolitical Impact
- 5.5. Porter's Five Forces Analysis
- 5.5.1. Bargaining Power of Buyers
- 5.5.2. Bargaining Power of Suppliers
- 5.5.3. Threat of New Entrants
- 5.5.4. Intensity of Rivalry
- 5.5.5. Threat of Substitutes
- 5.6. Lifecycle Analysis
- 5.7. Innovation and Technology Trends
- 5.8. Supply Chain and Value Chain Insights
- 5.9. Economic and Regulatory Impact
- 5.10. Market Entry Strategies
Chapter 6. Competitive Landscape
- 6.1. List of Market Players and their Offerings
- 6.2. Competitive Benchmarking of Key Players
- 6.3. Product Benchmarking of Key Players
- 6.4. Recent Strategic Developments by Key Players
- 6.5. Company Leadership Matrix
Chapter 7. Global Market
- 7.1. Overview
- 7.2. Market Revenue, by Form (2019-2032)
- 7.3. Market Revenue, by Type (2019-2032)
- 7.4. Market Revenue, by Application (2019-2032)
- 7.5. Market Revenue, by Region (2019-2032)
Chapter 8. North America Market
- 8.1. Overview
- 8.2. Market Revenue, by Form (2019-2032)
- 8.3. Market Revenue, by Type (2019-2032)
- 8.4. Market Revenue, by Application (2019-2032)
- 8.5. Market Revenue, by Country (2019-2032)
Chapter 9. Europe Market
- 9.1. Overview
- 9.2. Market Revenue, by Form (2019-2032)
- 9.3. Market Revenue, by Type (2019-2032)
- 9.4. Market Revenue, by Application (2019-2032)
- 9.5. Market Revenue, by Country (2019-2032)
Chapter 10. APAC Market
- 10.1. Overview
- 10.2. Market Revenue, by Form (2019-2032)
- 10.3. Market Revenue, by Type (2019-2032)
- 10.4. Market Revenue, by Application (2019-2032)
- 10.5. Market Revenue, by Country (2019-2032)
Chapter 11. LATAM Market
- 11.1. Overview
- 11.2. Market Revenue, by Form (2019-2032)
- 11.3. Market Revenue, by Type (2019-2032)
- 11.4. Market Revenue, by Application (2019-2032)
- 11.5. Market Revenue, by Country (2019-2032)
Chapter 12. MEA Market
- 12.1. Overview
- 12.2. Market Revenue, by Form (2019-2032)
- 12.3. Market Revenue, by Type (2019-2032)
- 12.4. Market Revenue, by Application (2019-2032)
- 12.5. Market Revenue, by Country (2019-2032)
Chapter 13. U.S. Market
- 13.1. Overview
- 13.2. Economic Indicators
- 13.3. Regional Hotspots
- 13.4. Growth Drivers
- 13.5. Challenges and Barriers
- 13.6. Competitive Strategies
- 13.7. Emerging Players
- 13.8. Compliance Requirements
- 13.9. Emerging Investment Areas
- 13.10. Market Size and Forecast
- 13.10.1. Market Revenue, by Form (2019-2032)
- 13.10.2. Market Revenue, by Type (2019-2032)
- 13.10.3. Market Revenue, by Application (2019-2032)
Chapter 14. Canada Market
- 14.1. Overview
- 14.2. Economic Indicators
- 14.3. Regional Hotspots
- 14.4. Growth Drivers
- 14.5. Challenges and Barriers
- 14.6. Competitive Strategies
- 14.7. Emerging Players
- 14.8. Compliance Requirements
- 14.9. Emerging Investment Areas
- 14.10. Market Size and Forecast
- 14.10.1. Market Revenue, by Form (2019-2032)
- 14.10.2. Market Revenue, by Type (2019-2032)
- 14.10.3. Market Revenue, by Application (2019-2032)
Chapter 15. Germany Market
- 15.1. Overview
- 15.2. Economic Indicators
- 15.3. Regional Hotspots
- 15.4. Growth Drivers
- 15.5. Challenges and Barriers
- 15.6. Competitive Strategies
- 15.7. Emerging Players
- 15.8. Compliance Requirements
- 15.9. Emerging Investment Areas
- 15.10. Market Size and Forecast
- 15.10.1. Market Revenue, by Form (2019-2032)
- 15.10.2. Market Revenue, by Type (2019-2032)
- 15.10.3. Market Revenue, by Application (2019-2032)
Chapter 16. U.K. Market
- 16.1. Overview
- 16.2. Economic Indicators
- 16.3. Regional Hotspots
- 16.4. Growth Drivers
- 16.5. Challenges and Barriers
- 16.6. Competitive Strategies
- 16.7. Emerging Players
- 16.8. Compliance Requirements
- 16.9. Emerging Investment Areas
Chapter 17. France Market
- 17.1. Overview
- 17.2. Economic Indicators
- 17.3. Regional Hotspots
- 17.4. Growth Drivers
- 17.5. Challenges and Barriers
- 17.6. Competitive Strategies
- 17.7. Emerging Players
- 17.8. Compliance Requirements
- 17.9. Emerging Investment Areas
- 17.10. Market Size and Forecast
- 17.10.1. Market Revenue, by Form (2019-2032)
- 17.10.2. Market Revenue, by Type (2019-2032)
- 17.10.3. Market Revenue, by Application (2019-2032)
Chapter 18. Italy Market
- 18.1. Overview
- 18.2. Economic Indicators
- 18.3. Regional Hotspots
- 18.4. Growth Drivers
- 18.5. Challenges and Barriers
- 18.6. Competitive Strategies
- 18.7. Emerging Players
- 18.8. Compliance Requirements
- 18.9. Emerging Investment Areas
- 18.10. Market Size and Forecast
- 18.10.1. Market Revenue, by Form (2019-2032)
- 18.10.2. Market Revenue, by Type (2019-2032)
- 18.10.3. Market Revenue, by Application (2019-2032)
Chapter 19. Spain Market
- 19.1. Overview
- 19.2. Economic Indicators
- 19.3. Regional Hotspots
- 19.4. Growth Drivers
- 19.5. Challenges and Barriers
- 19.6. Competitive Strategies
- 19.7. Emerging Players
- 19.8. Compliance Requirements
- 19.9. Emerging Investment Areas
- 19.10. Market Size and Forecast
- 19.10.1. Market Revenue, by Form (2019-2032)
- 19.10.2. Market Revenue, by Type (2019-2032)
- 19.10.3. Market Revenue, by Application (2019-2032)
Chapter 20. Japan Market
- 20.1. Overview
- 20.2. Economic Indicators
- 20.3. Regional Hotspots
- 20.4. Growth Drivers
- 20.5. Challenges and Barriers
- 20.6. Competitive Strategies
- 20.7. Emerging Players
- 20.8. Compliance Requirements
- 20.9. Emerging Investment Areas
- 20.10. Market Size and Forecast
- 20.10.1. Market Revenue, by Form (2019-2032)
- 20.10.2. Market Revenue, by Type (2019-2032)
- 20.10.3. Market Revenue, by Application (2019-2032)
Chapter 21. China Market
- 21.1. Overview
- 21.2. Economic Indicators
- 21.3. Regional Hotspots
- 21.4. Growth Drivers
- 21.5. Challenges and Barriers
- 21.6. Competitive Strategies
- 21.7. Emerging Players
- 21.8. Compliance Requirements
- 21.9. Emerging Investment Areas
- 21.10. Market Size and Forecast
- 21.10.1. Market Revenue, by Form (2019-2032)
- 21.10.2. Market Revenue, by Type (2019-2032)
- 21.10.3. Market Revenue, by Application (2019-2032)
Chapter 22. India Market
- 22.1. Overview
- 22.2. Economic Indicators
- 22.3. Regional Hotspots
- 22.4. Growth Drivers
- 22.5. Challenges and Barriers
- 22.6. Competitive Strategies
- 22.7. Emerging Players
- 22.8. Compliance Requirements
- 22.9. Emerging Investment Areas
- 22.10. Market Size and Forecast
- 22.10.1. Market Revenue, by Form (2019-2032)
- 22.10.2. Market Revenue, by Type (2019-2032)
- 22.10.3. Market Revenue, by Application (2019-2032)
Chapter 23. South Korea Market
- 23.1. Overview
- 23.2. Economic Indicators
- 23.3. Regional Hotspots
- 23.4. Growth Drivers
- 23.5. Challenges and Barriers
- 23.6. Competitive Strategies
- 23.7. Emerging Players
- 23.8. Compliance Requirements
- 23.9. Emerging Investment Areas
- 23.10. Market Size and Forecast
- 23.10.1. Market Revenue, by Form (2019-2032)
- 23.10.2. Market Revenue, by Type (2019-2032)
- 23.10.3. Market Revenue, by Application (2019-2032)
Chapter 24. Australia Market
- 24.1. Overview
- 24.2. Economic Indicators
- 24.3. Regional Hotspots
- 24.4. Growth Drivers
- 24.5. Challenges and Barriers
- 24.6. Competitive Strategies
- 24.7. Emerging Players
- 24.8. Compliance Requirements
- 24.9. Emerging Investment Areas
- 24.10. Market Size and Forecast
- 24.10.1. Market Revenue, by Form (2019-2032)
- 24.10.2. Market Revenue, by Type (2019-2032)
- 24.10.3. Market Revenue, by Application (2019-2032)
Chapter 25. Brazil Market
- 25.1. Overview
- 25.2. Economic Indicators
- 25.3. Regional Hotspots
- 25.4. Growth Drivers
- 25.5. Challenges and Barriers
- 25.6. Competitive Strategies
- 25.7. Emerging Players
- 25.8. Compliance Requirements
- 25.9. Emerging Investment Areas
- 25.10. Market Size and Forecast
- 25.10.1. Market Revenue, by Form (2019-2032)
- 25.10.2. Market Revenue, by Type (2019-2032)
- 25.10.3. Market Revenue, by Application (2019-2032)
Chapter 26. Mexico Market
- 26.1. Overview
- 26.2. Economic Indicators
- 26.3. Regional Hotspots
- 26.4. Growth Drivers
- 26.5. Challenges and Barriers
- 26.6. Competitive Strategies
- 26.7. Emerging Players
- 26.8. Compliance Requirements
- 26.9. Emerging Investment Areas
- 26.10. Market Size and Forecast
- 26.10.1. Market Revenue, by Form (2019-2032)
- 26.10.2. Market Revenue, by Type (2019-2032)
- 26.10.3. Market Revenue, by Application (2019-2032)
Chapter 27. Saudi Arabia Market
- 27.1. Overview
- 27.2. Economic Indicators
- 27.3. Regional Hotspots
- 27.4. Growth Drivers
- 27.5. Challenges and Barriers
- 27.6. Competitive Strategies
- 27.7. Emerging Players
- 27.8. Compliance Requirements
- 27.9. Emerging Investment Areas
- 27.10. Market Size and Forecast
- 27.10.1. Market Revenue, by Form (2019-2032)
- 27.10.2. Market Revenue, by Type (2019-2032)
- 27.10.3. Market Revenue, by Application (2019-2032)
Chapter 28. South Africa Market
- 28.1. Overview
- 28.2. Economic Indicators
- 28.3. Regional Hotspots
- 28.4. Growth Drivers
- 28.5. Challenges and Barriers
- 28.6. Competitive Strategies
- 28.7. Emerging Players
- 28.8. Compliance Requirements
- 28.9. Emerging Investment Areas
- 28.10. Market Size and Forecast
- 28.10.1. Market Revenue, by Form (2019-2032)
- 28.10.2. Market Revenue, by Type (2019-2032)
- 28.10.3. Market Revenue, by Application (2019-2032)
Chapter 29. U.A.E. Market
- 29.1. Overview
- 29.2. Economic Indicators
- 29.3. Regional Hotspots
- 29.4. Growth Drivers
- 29.5. Challenges and Barriers
- 29.6. Competitive Strategies
- 29.7. Emerging Players
- 29.8. Compliance Requirements
- 29.9. Emerging Investment Areas
- 29.10. Market Size and Forecast
- 29.10.1. Market Revenue, by Form (2019-2032)
- 29.10.2. Market Revenue, by Type (2019-2032)
- 29.10.3. Market Revenue, by Application (2019-2032)
Chapter 30. Company Profiles
Chapter 31. Appendix
- 31.1. Sources and References
- 31.2. Related Reports
