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Press Release:

Global Fertilizer Market to Grow at 3.9% During 2022-2027,Impelled by the Introduction of Premium Quality Fertilizers

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Fertilizer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

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 Fertilizer
  • Biofertilizers


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
  • Liquid


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
    • 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
     

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)

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


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Key Questions Answered in This Report

The global fertilizer market was valued at US$ 163.2 Billion in 2021.

We expect the global fertilizer market to exhibit a CAGR of 3.9% during 2022-2027.

The emergence of advanced farming techniques, coupled with the increasing utilization of bio-
fertilizers for soil fertility and crop growth, is primarily driving the global fertilizer market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent
lockdown regulation across several nations, resulting in the temporary halt in various agricultural
activities, thereby limiting the demand for fertilizers.

Based on the product type, the global fertilizer market has been divided into chemical fertilizer and
biofertilizers, where chemical fertilizers account for the majority of the total market share.

Based on the product, the global fertilizer market can be segmented into straight fertilizers and
complex fertilizers. Currently, straight fertilizers represent the largest market share.

Based on the product form, the global fertilizer market has been bifurcated into dry and liquid,
where dry fertilizers exhibit clear dominance in the market.

Based on the crop type, the global fertilizer market can be segregated into grains and cereals, pulses
and oilseeds, fruits and vegetables, flowers and ornamentals, and others. Among these, grains and
cereals currently hold the majority of the total market share.

On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle
East and Africa, and Latin America, where Asia Pacific currently dominates the global market.

Some of the major players in the global fertilizer market include 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.

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