Reports > Agriculture > Fertilizers Market Report
Fertilizers Market Size, Share, Industry Trends and Forecast to 2033
This report provides a comprehensive analysis of the fertilizers market, offering valuable insights into its size, growth potential, and key trends from 2023 to 2033.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $230.00 Billion |
| CAGR (2023-2033) | 4.5% |
| 2033 Market Size | $360.23 Billion |
| Top Companies | Nutrien Ltd., Yara International, CF Industries, The Mosaic Company, BASF SE |
| Last Modified Date | 15 Nov 2024 |
Fertilizers Market Report (2023 - 2033)
Fertilizers Market Overview
What is the Market Size & CAGR of Fertilizers market in 2023?
Fertilizers Industry Analysis
Fertilizers Market Segmentation and Scope
Request a custom research report for industry.
Fertilizers Market Analysis Report by Region
Europe Fertilizers Market Report:
Europe's fertilizers market, having a size of $78.06 billion in 2023, is expected to grow to $122.26 billion by 2033. Stringent regulations on farming practices are leading to increased investment in innovative and sustainable fertilizer solutions.Asia Pacific Fertilizers Market Report:
The Asia Pacific region, with a market size of $40.20 billion in 2023, is projected to reach $62.97 billion by 2033. This region remains a leading consumer of fertilizers driven by its vast agricultural landscape, increasing demand for food grains, and government support for agricultural advancements.North America Fertilizers Market Report:
North America, with a market size of $81.86 billion in 2023, is anticipated to reach $128.21 billion by 2033. The region benefits from advanced agricultural technologies and practices, contributing to high fertilizer demand.South America Fertilizers Market Report:
South America’s fertilizers market, standing at $15.75 billion in 2023, is expected to grow to $24.68 billion by 2033. The growth is fueled by the expansion of soybean cultivation and other cash crops, requiring efficient crop nutrition solutions.Middle East & Africa Fertilizers Market Report:
In the Middle East and Africa, the market stood at $14.12 billion in 2023, projected to grow to $22.12 billion by 2033. The growth in this region is largely driven by the need for improved agricultural productivity to address food security challenges.Request a custom research report for industry.
Fertilizers Market Analysis By Product Type
Global Fertilizers Market, By Product Type Market Analysis (2023 - 2033)
In 2023, the segment for Nitrogenous Fertilizers accounts for $117.94 billion, expected to rise to $184.73 billion by 2033, maintaining a significant market share of 51.28%. Phosphate Fertilizers follow with a size of $55.82 billion in 2023, slated to grow to $87.43 billion by 2033, holding a 24.27% share. Potassium Fertilizers are anticipated to grow from $29.81 billion to $46.69 billion, while Compound Fertilizers are set to increase from $26.43 billion to $41.39 billion, demonstrating the diverse nutrient needs across crops.
Fertilizers Market Analysis By Application
Global Fertilizers Market, By Application Market Analysis (2023 - 2033)
The application segment for Cereals and Grains had a market size of $95.22 billion in 2023, predicted to grow to $149.14 billion by 2033, maintaining a steady share of 41.4%. The Fruits and Vegetables segment is poised for growth from $56.74 billion to $88.87 billion, while Turf and Ornamentals will rise from $28.47 billion to $44.60 billion, indicating strong consumer demand in these sectors.
Fertilizers Market Analysis By Formulation
Global Fertilizers Market, By Formulation Market Analysis (2023 - 2033)
Liquid Fertilizers dominate the market, starting at $117.94 billion in 2023 and expected to reach $184.73 billion by 2033, with a significant 51.28% market share. Granular Fertilizers follow with a size of $55.82 billion in 2023 and are expected to grow to $87.43 billion. Powder Fertilizers, including Slow-Release options, also present promising growth trajectories, showcasing innovation in delivery systems.
Fertilizers Market Analysis By Distribution Channel
Global Fertilizers Market, By Distribution Channel Market Analysis (2023 - 2033)
Direct Sales currently holds a leading position in the distribution of fertilizers, with a market size of $117.94 billion in 2023 and anticipated to reach $184.73 billion by 2033. Online Sales and Retail Sales are increasingly gaining traction, growing from $55.82 billion to $87.43 billion and from $29.81 billion to $46.69 billion respectively, reflecting changing consumer purchasing habits.
Fertilizers Market Trends and Future Forecast
Request a custom research report for industry.
Global Market Leaders and Top Companies in Fertilizers Industry
Nutrien Ltd.:
Nutrien is one of the largest providers of crop inputs and services, focused heavily on sustainable agricultural practices, offering a comprehensive range of fertilizers to meet the needs of farmers globally.Yara International:
Yara is a global chemical company specializing in crop nutrition, developing innovative solutions that help farmers achieve optimal production while adhering to environmental standards.CF Industries:
CF Industries is one of the world’s largest producers of nitrogen products, emphasizing a commitment to sustainable agriculture and providing a wide portfolio of fertilizers.The Mosaic Company:
The Mosaic Company is a significant producer and marketer of concentrated phosphate and potash crop nutrients, committed to customer success through product innovation.BASF SE:
BASF SE operates as a global leader in chemicals and fertilizers, focusing on sustainable agricultural solutions and cutting-edge innovations in fertilizer technology.We're grateful to work with incredible clients.
