A recent report published by Infinium Global Research on fertilizers market provides in-depth analysis of segments and sub-segments in the global as well as regional fertilizers market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional fertilizers market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global fertilizers market.
Fertilizers are natural or synthetic substances containing essential chemical elements that improve the growth and productivity of plants. They enhance the natural fertility of the soil or replace the chemical elements taken from the soil by previous crops. A significant trend in the market is the shift toward precision agriculture and the adoption of specialty fertilizers such as controlled-release and water-soluble variants. These innovations aim to maximize nutrient uptake while minimizing environmental leaching. Additionally, there is a growing trend of "Green Ammonia" production, utilizing renewable energy to reduce the carbon footprint of nitrogenous fertilizer manufacturing.
The global fertilizers market is primarily propelled by the urgent need to enhance crop yields to feed a global population projected to reach nearly 10 billion by 2050. This necessity is further bolstered by aggressive government support in emerging economies, where subsidies make essential nutrients affordable for small-scale farmers. However, the market faces a significant restraint in the form of price volatility for natural gas and phosphate rock—key feedstocks that are highly sensitive to geopolitical shifts and supply chain disruptions. Nonetheless, a major opportunity resides in the transition toward sustainable agriculture. The rising environmental awareness and stringent regulations regarding nitrogen runoff are creating a lucrative niche for bio-based and nano-fertilizers. Companies that invest in "green" production technologies and nutrient-efficient formulations are expected to capture a substantial share of the environmentally conscious market, balancing productivity with ecological stewardship.
Based on the Type, the global fertilizers market is geographically segmented into organic and inorganic fertilizers. Among the segments, the inorganic fertilizers dominated the global fertilizers market in the forecasted period. This dominance can be attributed to their higher nutrient concentration, faster nutrient availability, cost-effectiveness, and widespread adoption in large-scale commercial agriculture. Inorganic fertilizers such as nitrogenous, phosphatic, and potassic variants enable immediate nutrient absorption, thereby supporting higher crop yields and meeting growing global food demand.
Based on the Form, the global fertilizers market is further segmented into dry and liquid fertilizers. Among segments, dry fertilizers dominated the global market during the forecasted period of the market. This dominance is primarily attributed to their ease of storage, longer shelf life, cost-effectiveness, and suitability for large-scale agricultural applications. Dry fertilizers, commonly available in granular or powdered form, are widely used in conventional farming due to their compatibility with mechanical spreading equipment and bulk handling systems. Additionally, they offer stable nutrient composition and are easier to transport compared to liquid variants.
Based on the Application, the global fertilizers market is further segmented into agriculture, horticulture, gardening, and others. Among segments, the agriculture segment is anticipated to have the dominant share during the forecast period. The dominance of the agriculture segment is primarily driven by the rising global demand for food grains, cereals, pulses, and oilseeds to support a growing population. Large-scale farming operations require substantial fertilizer inputs to enhance soil fertility, improve crop productivity, and ensure consistent yield performance. Additionally, government subsidies, supportive agricultural policies, and increasing adoption of high-yielding crop varieties further contribute to the extensive use of fertilizers in mainstream agriculture.
Asia-Pacific stands as the dominant region in the global fertilizers market, accounting for more than 40% of the total market share. This dominance is attributed to the massive agricultural sectors in China and India, which are the world's largest consumers of urea and phosphate-based fertilizers. Extensive government fertilizer subsidies and a large percentage of the population dependent on agriculture drive consistent demand. Moreover, the Middle East & Africa are emerging as the fastest-growing regions. The acceleration in this region is fueled by large-scale investments in fertilizer production infrastructure, particularly in countries like Morocco and Saudi Arabia, which possess vast phosphate reserves. Additionally, the increasing commercialization of agriculture in Sub-Saharan Africa to ensure regional food security is driving a high CAGR for fertilizer consumption.
Recent Developments
• In February 2025, the Haifa Group launched Haifa Soluble DUO, an innovative water-soluble fertilizer designed to help growers increase calcium levels without adding extra nitrogen, chlorides, or sulfates. Alternatively, it allows for a reduction in nitrogen while still providing essential nutrients like potassium and calcium.
• In August 2024, ICL Group announced that it had signed a five-year agreement with AMP Holdings Group Co. Ltd., one of China's leading agricultural distribution companies. Valued at approximately USD 170 million, the agreement will extend until 2028 and supports ICL’s objective to expand its Growing Solutions product offerings, positioning the business for further growth in key end-markets.
| Report Coverage | Details |
|---|---|
| Market Size in 2023 | USD 203.45 Billion |
| Market Size by 2032 | USD 277.27 Billion |
| Growth Rate from 2024 to 2032 | CAGR of 3.60% |
| Largest Market | Asia-Pacific |
| No. of Pages | 255 |
| Market Drivers |
|
| Market Segmentation | By Type, By Form, and By Application |
| Regional Scope | North America, Europe, Asia Pacific, and RoW |
The report on global fertilizers market provides a detailed analysis of segments in the market based on Type, Form, and Application.
· Organic
· Inorganic
· Dry
· Liquid
· Agriculture
· Horticulture
· Gardening
· Others
· Nutrien Ltd.
· Yara International ASA
· The Mosaic Company
· CF Industries Holdings, Inc.
· ICL Group Ltd.
· EuroChem Group
· OCI N.V.
· K+S Aktiengesellschaft
· Coromandel International Limited
· PJSC PhosAgro
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the fertilizers market. Moreover, the study highlights current market trends and provides forecasts from 2024-2032. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.