Fertilizer Market by Product Type, Distribution Channel, End User 2024-2032
                     Global Fertilizer 
Market Research and 
Forecast Report 2024-
2032
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved 
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s t rategy and market  research wor ldwide.  We par tner  wi th c l ients  in  a l l  regions and indust ry  
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t ransform thei r  bus inesses.
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las t ing resul ts .
A cc o r d i ng  t o  t h e  l a te s t  r e p o r t  by  IM A R C  Gr o u p ,  t i t l e d  " F e r t i l i z e r  Ma r k e t :  G l o b a l  
I n d u s t r y  T re n d s ,  S h a re ,  S i z e ,  Gr o w th ,  O p p o r t u n i ty  an d  F o r e ca s t  2 0 2 4 -
20 3 2 , "  t h e  g l o b a l  f e r t i l i z e r  m a rk e t  s i ze  r e a ch e d  U S $  1 7 6 . 4  B i l l i o n  i n  2 0 2 3 .
A  f e r t i l i z e r  i s  a  c he m i c a l  s u b s ta n c e  p u t  o n  l a nd  o r  s o i l  t o  m ak e  p l a n t s  g r o w  b e t te r  a n d  
Report en h a n c e  c r o p  y i e l d .  I t  p r om o te s  th e  g r o w t h  a n d  p r od u c t i v i t y  o f  p l an t s  a n d  p r o v i de s  t he m  w i t h  e s s e n t i a l  n u t r i e n t s .  I t  c on t a i n s  v i t a l  n u t r i e n t s  p l a n t s  n e ed ,  i n c l u d i n g  
n i t r o g e n ,  p o t as s i u m,  a n d  p h o s ph o r u s .  I t  a l s o  i m p r o v e s  t h e  s o i l ' s  w a t e r  re t e n t i o n  
Highlight and ca p a c i t y .  I t  i s  ma i n l y  c l a s s i f i e d  i n t o  t w o  m a i n  t y p e s ,  o r g a n i c  a n d  i n o r g a n i c  f e r t i l i z e r s .  O r g a n i c  f e r t i l i ze r s  a re  n a t u r a l  f e r t i l i z e r s  d e r i v e d  f r o m p l a n ts  a n d  a n i m a l s .  
I t  b o os t s  t h e  am o u n t  o f  o r g a n i c  ma t t e r  i n  t h e  s o i l ,  en c o u r ag e s  m i c ro b i a l  r e p ro d u c t i o n ,  
Description an d  a l t e r s  t h e  s o i l ' s  p hy s i c a l  a n d  c h e m i c a l  c o mp o s i t i o n .  O n  t he  o t h e r  h a n d ,  i n o r g a n i c  
f e r t i l i z e r s  a r e  ch e m i c a l  f e r t i l i ze r s  ge n e r a t e d  b y  s y n t h e t i c  t e c hn i q u e s .  F e r t i l i z e r  i s  e a sy  
t o  t r a n sp o r t ,  s t o r e ,  a n d  a pp l y  an d  ca n  ea s i l y  d i s s o l v e  i n  t h e  s o i l .  I t  i s  p re d i c t ab l e  a nd  
r e l i ab l e  a nd  h a s  a  r a p i d  e f f ec t  o n  t h e  c r o p s .
R eq u e s t  f o r  a  P D F  sa m p le  o f  th i s  r ep o r t :  
h t t p s : / /w w w . i ma r c g r o u p . co m / f e r t i l i z e r -m a r ke t / r e q ue s t s am p l e
Report Description
G l o b a l  F e r t i l i z e r  M a r k e t  T r e n d s :
T h e  g l o b a l  m a r k e t  i s  m a j o r l y  d r i v e n  b y  t h e  r a p i d  g r o w t h  i n  p o p u l a t i o n ,  f o l l o w e d  b y  t h e  c h a n g i n g  d i e t a r y  h a b i t s  a m o n g  t h e  m a s s e s  i n  
d e v e l o p e d  a n d  d e v e l o p i n g  c o u n t r i e s .  I n  l i n e  w i t h  t h i s ,  t h e  i n c r e a s i n g  r e q u i r e m e n t  f o r  e n h a n c e d  s o i l  n u t r i e n t s  a n d  c r o p  y i e l d  i s  
s i g n i f i c a n t l y  c o n t r i b u t i n g  t o  t h e  p r o d u c t  d e m a n d .  F u r t h e r m o r e ,  t h e  r i s i n g  p e n e t r a t i o n  o f  o r g a n i c  f e r t i l i z e r s  a n d  s i g n i f i c a n t  g r o w t h  i n  t h e  
a g r i c u l t u r e  i n d u s t r y  a r e  p o s i t i v e l y  i n f l u e n c i n g  t h e  m a r k e t .  A p a r t  f r o m  t h i s ,  t h e  e m e r g i n g  d e m a n d  f o r  w a t e r – s o l u b l e  f e r t i l i z e r s  a n d  t h e  
g r o w i n g  d e m a n d  f o r  f o o d  g l o b a l l y  a r e  c a t a l y z i n g  t h e  m a r k e t .  M o r e o v e r ,  s e v e r a l  g o v e r n m e n t  a n d  n o n - g o v e r n m e n t  o r g a n i z a t i o n s  
w o r l d w i d e  a r e  r a i s i n g  a w a r e n e s s  a b o u t  t h e  b e n e f i t s  o f  f e r t i l i z e r  a n d  i t s  f a v o r a b l e  i m p a c t  o n  a g r i c u l t u r a l  o u t p u t .  
T h i s  i s  e x p e c t e d  t o  c r e a t e  a  p o s i t i v e  o u t l o o k  f o r  t h e  m a r k e t .  B e s i d e s ,  i n f l a t i n g  i n c o m e s  o f  t h e  i n d i v i d u a l s  r e s i d i n g  i n  r u r a l  a r e a s  a n d  
t h e  e a s e  a n d  q u i c k  a v a i l a b i l i t y  o f  c r e d i t  a r e  a n t i c i p a t e d  t o  p r o p e l  t h e  m a r k e t  e x p a n s i o n .  A d d i t i o n a l l y ,  s e v e r a l  k e y  m a r k e t  p l a y e r s  a r e  
f o r m i n g  s t r a t e g i c  a l l i a n c e s  a n d  o p t i n g  f o r  j o i n t  v e n t u r e s  t o  e x p a n d  t h e i r  p r o d u c t  p o r t f o l i o .  S o m e  o f  t h e  o t h e r  f a c t o r s  d r i v i n g  t h e  m a r k e t  
g r o w t h  i n c l u d e  r a p i d  u r b a n i z a t i o n ,  s i g n i f i c a n t  g r o w t h  i n  t h e  h o r t i c u l t u r e  i n d u s t r y ,  a n d  h e a v y  i n v e s t m e n t s  i n  r e s e a r c h  a n d  d e v e l o p m e n t  
( R & D )  a c t i v i t i e s .
L o o k i n g  f o r w a r d ,  t h e  m a r k e t  i s  a n t i c i p a t e d  t o  r e a c h  a  v a l u e  o f  U S $  2 3 6 . 9  B i l l i o n  b y  2 0 3 2 ,  e x h i b i t i n g  a  C A G R  o f  3 . 2 %  d u r i n g  
2 0 2 4 - 2 0 3 2 .
V i e w  R e p o r t  T O C ,  F i g u r e s  a n d  T a b l e s :  h t t p s : / / w w w . i m a r c g r o u p . c o m / f e r t i l i z e r - m a r k e t
Breakup by Product Type:
• Chemical  Fert i l izer
• Biofert i l izers
 
Breakup by Product:
•    Straight Fert i l izers
Report o Nitrogenous Ferti l izers
 Urea
Segmentation
 Calcium Ammonium Nitrate
 Ammonium Nitrate
 Ammonium Sulfate
 Anhydrous Ammonia
 Others
o Phosphatic Fert i l izers
 Mono-Ammonium Phosphate (MAP)
 Di-Ammonium Phosphate (DAP)
 Single Super Phosphate (SSP)
 Trip le Super Phosphate (TSP)
 Others
o Potash Fert i l izers
Report  Muriate of Potash (MoP)
 Sulfate of Potash (SoP)
Segmentation
o Secondary Macronutrient Ferti l izers
 Calcium Fert i l izers
 Magnesium Ferti l izers
 Sulfur Fert i l izers
o Micronutr ient Fert i l izers
 Zinc
 Manganese
 Copper
 I ron
 Boron
 Molybdenum
 Others
Report •  Complex Ferti l izers
Segmentation
Breakup by Product Form:
• Dry
• Liquid
Breakup by Crop Type:
• Grains and Cereals
• Pulses and Oi lseeds
• Fruits and Vegetables
• Flowers and Ornamentals
• Others
Breakup by Region:
• North America
Report • Asia-Pacifi c
Segmentation • Europe
• Latin America
• Middle East and Afr ica
• CF Industries
• Haifa Group
• Indian Farmers Ferti l iser Co-operative 
Competitive Limited ( IFFCO)
• Israel  Chemicals Ltd. ( ICL)
Landscape 
• Nutrien Limited
with Key • Sociedad Química y Minera (SQM)
Players • The Mosaic Company
• Uralkal i
• Yara International
What was the size of the global fertilizer market in 
2023?
What is the expected growth rate of the global 
fertilizer market during 2024-2032?
Key 
Questions What are the key factors driving the global fertilizer market?
Answered in 
What has been the impact of COVID-19 on the 
the Report global fertilizer market?
What is the breakup of the global fertilizer market 
based on the product type?
What is the breakup of the global fertilizer market 
based on the product?
What is the breakup of the global fertilizer market 
based on the product form?
What is the breakup of the global fertilizer market 
based on the crop type?
Key 
Questions What are the key regions in the global fertilizer 
market?
Answered in 
the Report Who are the key players/companies in the global 
fertilizer market?
1     P r e f a c e
2     S c o p e  a n d  M e t h o d o l o g y
    2 . 1     O b j e c t i v e s  o f  t h e  S t u d y
    2 . 2     S t a k e h o l d e r s
    2 . 3     D a t a  S o u r c e s
        2 . 3 . 1     P r i m a r y  S o u r c e s
        2 . 3 . 2     S e c o n d a r y  S o u r c e s
    2 . 4     M a r k e t  E s t i m a t i o n
        2 . 4 . 1     B o t t o m - U p  A p p r o a c h
Table of         2 . 4 . 2     T o p - D o w n  A p p r o a c h    2 . 5     F o r e c a s t i n g  M e t h o d o l o g y
3     E x e c u t i v e  S u m m a r y
4     I n t r o d u c t i o n
    4 . 1     O v e r v i e w
Contents     4 . 2     K e y  I n d u s t r y  T r e n d s5     G l o b a l  F e r t i l i z e r  M a r k e t
    5 . 1     M a r k e t  O v e r v i e w
    5 . 2     M a r k e t  P e r f o r m a n c e
    5 . 3     I m p a c t  o f  C O V I D - 1 9
    5 . 4     M a r k e t  F o r e c a s t
6      M a r k e t  B r e a k u p  b y  P r o d u c t  T y p e
    6 . 1     C h e m i c a l  F e r t i l i z e r
        6 . 1 . 1  M a r k e t  T r e n d s
        6 . 1 . 2  M a r k e t  F o r e c a s t
    6 . 2     B i o f e r t i l i z e r s
        6 . 2 . 1  M a r k e t  T r e n d s
        6 . 2 . 2  M a r k e t  F o r e c a s t
7    M a r k e t  B r e a k u p  b y  P r o d u c t
    7 . 1     S t r a i g h t  F e r t i l i z e r s
        7 . 1 . 1  M a r k e t  T r e n d s
        7 . 1 . 2  M a r k e t  B r e a k u p  b y  T y p e
       
           7 . 1 . 2 . 1  N i t r o g e n o u s  F e r t i l i z e r s
              7 . 1 . 2 . 1 . 1  U r e a
              7 . 1 . 2 . 1 . 2  C a l c i u m  A m m o n i u m  N i t r a t e
              7 . 1 . 2 . 1 . 3  A m m o n i u m  N i t r a t e
              7 . 1 . 2 . 1 . 4  A m m o n i u m  S u l f a t e
              7 . 1 . 2 . 1 . 5  A n h y d r o u s  A m m o n i a
              7 . 1 . 2 . 1 . 6  O t h e r s
           7 . 1 . 2 . 2  P h o s p h a t i c  F e r t i l i z e r s
              7 . 1 . 2 . 2 . 1  M o n o - A m m o n i u m  P h o s p h a t e  ( M A P )
              7 . 1 . 2 . 2 . 2  D i - A m m o n i u m  P h o s p h a t e  ( D A P )
              7 . 1 . 2 . 2 . 3  S i n g l e  S u p e r  P h o s p h a t e  ( S S P )
Table of               7 . 1 . 2 . 2 . 4  T r i p l e  S u p e r  P h o s p h a t e  ( T S P )
              7 . 1 . 2 . 2 . 5  O t h e r s
           7 . 1 . 2 . 3  P o t a s h  F e r t i l i z e r s
Contents               7 . 1 . 2 . 3 . 1  M u r i a t e  o f  P o t a s h  ( M o P )              7 . 1 . 2 . 3 . 2  S u l f a t e  o f  P o t a s h  ( S o P )
           7 . 1 . 2 . 4  S e c o n d a r y  M a c r o n u t r i e n t  F e r t i l i z e r s
              7 . 1 . 2 . 4 . 1  C a l c i u m  F e r t i l i z e r s
              7 . 1 . 2 . 4 . 2  M a g n e s i u m  F e r t i l i z e r s
              7 . 1 . 2 . 4 . 3  S u l f u r  F e r t i l i z e r s
           7 . 1 . 2 . 5  M i c r o n u t r i e n t  F e r t i l i z e r s
              7 . 1 . 2 . 5 . 1  Z i n c
              7 . 1 . 2 . 5 . 2  M a n g a n e s e
              7 . 1 . 2 . 5 . 3  C o p p e r
              7 . 1 . 2 . 5 . 4  I r o n
              7 . 1 . 2 . 5 . 5  B o r o n
              7 . 1 . 2 . 5 . 6  M o l y b d e n u m
              7 . 1 . 2 . 5 . 7  O t h e r s     
F o r  m o r e  i n f o r m a t i o n ,  v i s i t :  
ht t ps : / /w ww. i ma rc gro up . c o m / f e r t i l i z e r-m a rke t / t o c
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