The fertilizer market is experiencing rapid growth, driven by rising food demand, shift to organics, and technological advancements. According to IMARC Group’s latest research publication, “Fertilizer Market Size, Share, Trends and Forecast by Product Type, Product, Product Form, Crop Type, and Region, 2025-2033“. The global fertilizer market size was valued at USD 182.3 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 246.6 Billion by 2033, exhibiting a CAGR of 3.07% from 2025-2033.
This detailed analysis primarily encompasses industry size, business trends, market share, key growth factors, and regional forecasts. The report offers a comprehensive overview and integrates research findings, market assessments, and data from different sources. It also includes pivotal market dynamics like drivers and challenges, while also highlighting growth opportunities, financial insights, technological improvements, emerging trends, and innovations. Besides this, the report provides regional market evaluation, along with a competitive landscape analysis.
Grab a sample PDF of this report: https://www.imarcgroup.com/fertilizer-market/requestsample
Our report includes:
- Market Dynamics
- Market Trends and Market Outlook
- Competitive Analysis
- Industry Segmentation
- Strategic Recommendations
Factors Affecting the Growth of the Fertilizer Market Industry:
- Rising Food Demand
A rapidly expanding population—projected to reach 9.7 billion by 2050—offers assistance to the global fertilizer market, bolstering an increase for food to grow. The increase in food and the pressure to use already limited arable land is ever growing, thus increasing demand for fertilizers. Farmers continue to rely on nitrogen, phosphorus, and potassium-based fertilizers, which help producers enhance their soil fertility, manage soil nutrients, and allow for adequate plant growth. Advancements in environmental technology, such as precision agriculture, help fertilizer consumption to have an efficiency.
Even government subsidies in certain areas (Asia-Pacific) can assist in growth in the fertilizer market in specific geographies or areas. Even while considering the future growth in the fertilizer market, there is potential for challenge(s) such as fluctuating raw material costs or the environmental consequences of chemical fertilizer used may also affect the future growth of the market which may lead to alternative sustainable solutions. The need for the rise in food security while facilitating ecological or economic priorities will continue to drive further innovation in terms of new eco-friendly fertilizers or formulas.
- Shift to Organics
The fertilizer market is being reshaped by shifting consumer attitudes toward organic food products, and there is considerable demand for organic fertilizers to continue through 2033. The organic segment was worth $7.6 billion in 2025 and is estimated to reach $13.8 billion by 2032, mostly driven by sustainable agriculture practices and environmental awareness. Organic fertilizers, made with natural-origin inputs such as compost and manure, improve soil function and health without the unintended environmental consequences of chemical fertilizers.
Support for organic fertilizers is being most pronounced in places like North America and Europe that have strong policies supporting organic opportunities, such as the EU’s Farm to Fork Strategy. There are still barriers to entry for organic fertilizers presented by higher rates and lower nutrient concentrations than conventional chemical fertilizers. It’s likely that organic fertilizers will find their way into modern agriculture as farmers want to be able to close the loop between managing agricultural yield and balance sustainability practices – especially with the increase in venture capital investments in eco-friendly options.
- Technological Advancements
Technological advances in fertilizers are revolutionizing the industry, making it more efficient and sustainable up to 2033. Controlled-release and water-soluble fertilizers, as well as precision delivery techniques such as fertigation and foliar sprays, are becoming popular due to their effectiveness in providing nutrients while reducing their impact on the environment. The market for specialty fertilizers at $28.24 billion in 2023 is anticipated to grow to $55.02 billion by 2033 with the demand for customized solutions for various crops.
Adoption of AI and IoT in precision agriculture supports real-time observation and data-based nutrient management, especially in the North American and Asia-Pacific regions. Though with high upfront costs, these technologies lower long-term costs and increase crop quality, meeting global food needs. Low-carbon solution pressures by regulators also expedite the production of nano-fertilizers and biofertilizers, making technology a pivotal market driver.
Our report provides a deep dive into the fertilizer market analysis, outlining the current trends, underlying market demand, and growth trajectories.
Leading Companies Operating in the Global Fertilizer Market Industry:
- 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
Fertilizer Market Report Segmentation:
By Product Type:
- Chemical Fertilizer
- Biofertilizers
Chemical Fertilizer: Leads the market with 66.6% share in 2024, driven by food production demand and innovations like slow-release formulations.
By Product:
- 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
- Nitrogenous Fertilizers
- Complex Fertilizers
Straight Fertilizers: Target specific nutrient deficiencies, gaining traction due to precision agriculture and increasing food production needs.
By Product Form:
- Dry
- Liquid
Dry: Dominates with 81.8% market share in 2024, valued for ease of handling, long shelf life, and cost-effectiveness in bulk applications.
By Crop Type:
- Grains and Cereals
- Pulses and Oilseeds
- Fruits and Vegetables
- Flowers and Ornamentals
- Others
Grains and Cereals: Comprise 45.8% of the market, essential for food security, with fertilizer use critical for maximizing yields amid declining arable land.
Regional Insights:
- 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: Holds over 52.5% market share in 2024, fueled by diverse agriculture, major economies like China and India, and a focus on sustainable practices.
Research Methodology:
The report employs a comprehensive research methodology, combining primary and secondary data sources to validate findings. It includes market assessments, surveys, expert opinions, and data triangulation techniques to ensure accuracy and reliability.
Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.
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.
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
