Market Overview:
The global fertilizer market reached a value of US$ 163.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 203.5 Billion by 2027, exhibiting a CAGR of 3.9% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Fertilizers are chemical substances added to the soil for promotinghealthy growth among farm crops. They are manufactured using carbon-based agricultural waste, livestock manure, industrial waste, and municipal sludge. They contain nutrients and microbes, such as phosphorus, potassium, and nitrogen,which are essential for efficient plant growth. They enhance the water retention capacity and natural fertility of the soil by altering the pH level or replacing chemical elements. They also aid in destroying pathogenic components responsible for crop failure and spreading diseases in plants. Presently, fertilizers are available in nitrogenous, phosphatic, potash, and micronutrient variants that can be applied to a wide variety of grains, pulses, cereals, oilseed, fruits and vegetables, and commercial crops.
Fertilizer Market Trends:
The rising global population and the increasing need for sustainable food production are among the key factors positively influencing the use of fertilizersto enhance soil fertility and crop growth. Apart from this, governmentsof numerous countries, along with non-government organizations (NGOs), are introducing awareness programs and rural workshops to educate farmers about the usage and benefits of fertilizers in farming. Thisis offering lucrative growth opportunities to manufacturers operating in the industry. Furthermore, the launch of nano-fertilizers (NFs) that help maintain flat green grounds and fieldsis providing a favorable market outlook. Apart from this, the widespread adoption of advanced farming techniques and the increasing utilization of bio-fertilizers on account of the rising environmental consciousness are other significant factors influencing the market positively. Moreover, the escalating demand for water-soluble and N, P, K, and micronutrient fertilizers, coupled with technological advancements, is anticipated to propel the market growthacross the globe.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global fertilizer market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type, product, product form and crop type.
Breakup by Product Type:
Chemical fertilizers currently hold the largest market share as they are used to maintain the shortage of nitrogen, phosphorus, and potassium in the soil.
Breakup 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
- Complex Fertilizers
At present, straight fertilizers dominate the market as they are organic materials added to fertilizer mixtures during their preparation for reducing hygroscopicity.
Breakup by Product Form:
Dry fertilizers holdthe majority of the global fertilizer market share as they are easy to store and more efficient for heavy pre-plant applications.
Breakup by Crop Type:
- Grains and Cereals
- Pulses and Oilseeds
- Fruits and Vegetables
- Flowers and Ornamentals
- Others
Presently, grains and cereals dominate the market as they are widely consumed across the globe.
Breakup by Region:
- North America
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Currently, Asia Pacific represents the leading market on account of the increasing global population and the thriving agriculture industry in the region.
Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players areCF IndustriesHoldings, Inc., Haifa Group, Indian Farmers Fertiliser Cooperative Limited (IFFCO), Israel Chemicals Ltd. (ICL), Nutrien Limited, SQM S.A., The Mosaic Company, Uralkali PJSC, and Yara International ASA.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| Segment Coverage |
Product Type, Product, Product Form, Crop Type, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
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 and Yara International |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global fertilizer market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global fertilizer market?
- What are the key regional markets?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the product form?
- What is the breakup of the market based on the crop type?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global fertilizer market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Fertilizer Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 Chemical Fertilizer
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Biofertilizers
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Product
7.1 Straight Fertilizers
7.1.1 Market Trends
7.1.2 Market Breakup by Type
7.1.2.1 Nitrogenous Fertilizers
7.1.2.1.1 Urea
7.1.2.1.2 Calcium Ammonium Nitrate
7.1.2.1.3 Ammonium Nitrate
7.1.2.1.4 Ammonium Sulfate
7.1.2.1.5 Anhydrous Ammonia
7.1.2.1.6 Others
7.1.2.2 Phosphatic Fertilizers
7.1.2.2.1 Mono-Ammonium Phosphate (MAP)
7.1.2.2.2 Di-Ammonium Phosphate (DAP)
7.1.2.2.3 Single Super Phosphate (SSP)
7.1.2.2.4 Triple Super Phosphate (TSP)
7.1.2.2.5 Others
7.1.2.3 Potash Fertilizers
7.1.2.3.1 Muriate of Potash (MoP)
7.1.2.3.2 Sulfate of Potash (SoP)
7.1.2.4 Secondary Macronutrient Fertilizers
7.1.2.4.1 Calcium Fertilizers
7.1.2.4.2 Magnesium Fertilizers
7.1.2.4.3 Sulfur Fertilizers
7.1.2.5 Micronutrient Fertilizers
7.1.2.5.1 Zinc
7.1.2.5.2 Manganese
7.1.2.5.3 Copper
7.1.2.5.4 Iron
7.1.2.5.5 Boron
7.1.2.5.6 Molybdenum
7.1.2.5.7 Others
7.1.3 Market Forecast
7.2 Complex Fertilizers
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Product Form
8.1 Dry
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Liquid
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Crop Type
9.1 Grains and Cereals
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Pulses and Oilseeds
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Fruits and Vegetables
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Flowers and Ornamentals
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Others
9.5.1 Market Trends
9.5.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 CF Industries
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 Haifa Group
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Indian Farmers Fertiliser Co-operative Limited (IFFCO)
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Israel Chemicals Ltd. (ICL)
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 Nutrien Limited
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 Sociedad Química y Minera (SQM)
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 The Mosaic Company
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 Uralkali
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.9 Yara International
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
List of Figures
Figure 1: Global: Fertilizer Market: Major Drivers and Challenges
Figure 2: Global: Fertilizer Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Fertilizer Market: Breakup by Product Type (in %), 2021
Figure 4: Global: Fertilizer Market: Breakup by Product (in %), 2021
Figure 5: Global: Fertilizer Market: Breakup by Product Form (in %), 2021
Figure 6: Global: Fertilizer Market: Breakup by Crop Type (in %), 2021
Figure 7: Global: Fertilizer Market: Breakup by Region (in %), 2021
Figure 8: Global: Fertilizer Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 9: Global: Fertilizer (Chemical Fertilizer) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Fertilizer (Chemical Fertilizer) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Fertilizer (Biofertilizers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Fertilizer (Biofertilizers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Straight Fertilizers Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Straight Fertilizers (Nitrogenous) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Straight Fertilizers (Nitrogenous) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Straight Fertilizers (Phosphatic) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Straight Fertilizers (Phosphatic) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Straight Fertilizers (Potash) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Straight Fertilizers (Potash) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Straight Fertilizers (Secondary Macronutrient) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Straight Fertilizers (Secondary Macronutrient) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Straight Fertilizers (Micronutrient) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Straight Fertilizers (Micronutrient) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Straight Fertilizers Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Complex Fertilizer Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Complex Fertilizer Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Fertilizer (Dry) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Fertilizer (Dry) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Fertilizer (Liquid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Fertilizer (Liquid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Fertilizer (Grains and Cereals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Fertilizer (Grains and Cereals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Fertilizer (Pulses and Oilseeds) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Fertilizer (Pulses and Oilseeds) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Fertilizer (Fruits and Vegetables) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Fertilizer (Fruits and Vegetables) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Fertilizer (Flowers and Ornamentals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Fertilizer (Flowers and Ornamentals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Global: Fertilizer (Other Crop Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Global: Fertilizer (Other Crop Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: North America: Fertilizer Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: North America: Fertilizer Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: United States: Fertilizer Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: United States: Fertilizer Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Canada: Fertilizer Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Canada: Fertilizer Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Asia Pacific: Fertilizer Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Asia Pacific: Fertilizer Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: China: Fertilizer Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: China: Fertilizer Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Japan: Fertilizer Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Japan: Fertilizer Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: India: Fertilizer Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: India: Fertilizer Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: South Korea: Fertilizer Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: South Korea: Fertilizer Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Australia: Fertilizer Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Australia: Fertilizer Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Indonesia: Fertilizer Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Indonesia: Fertilizer Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Others: Fertilizer Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Others: Fertilizer Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Europe: Fertilizer Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Europe: Fertilizer Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Germany: Fertilizer Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Germany: Fertilizer Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: France: Fertilizer Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: France: Fertilizer Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: United Kingdom: Fertilizer Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: United Kingdom: Fertilizer Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Italy: Fertilizer Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Italy: Fertilizer Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Spain: Fertilizer Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Spain: Fertilizer Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Russia: Fertilizer Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Russia: Fertilizer Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Others: Fertilizer Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Others: Fertilizer Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Latin America: Fertilizer Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Latin America: Fertilizer Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Brazil: Fertilizer Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Brazil: Fertilizer Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Mexico: Fertilizer Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Mexico: Fertilizer Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Others: Fertilizer Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Others: Fertilizer Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Middle East and Africa: Fertilizer Market: Sales Value (in Million US$), 2016 & 2021
Figure 88: Middle East and Africa: Fertilizer Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 89: Global: Fertilizer Industry: SWOT Analysis
Figure 90: Global: Fertilizer Industry: Value Chain Analysis
Figure 91: Global: Fertilizer Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Fertilizer Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Fertilizer Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: Global: Fertilizer Market Forecast: Breakup by Product (in Million US$), 2022-2027
Table 4: Global: Fertilizer Market Forecast: Breakup by Product Form (in Million US$), 2022-2027
Table 5: Global: Fertilizer Market Forecast: Breakup by Crop Type (in Million US$), 2022-2027
Table 6: Global: Fertilizer Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Fertilizer Market Structure
Table 8: Global: Fertilizer Market: Key Players