Fertilizers market is anticipated to grow at a significant CAGR of 3% during the forecast period. Fertilizers are natural or artificial substances that contain chemical elements to improve the growth and productivity of plants. Additionally, they also enhance the soil’s natural fertility as well as assist in replacing the chemical elements taken from the soil by previous crops. Modern fertilizers include nitrogenous, potash, and phosphate fertilizers. Moreover, some fertilizers contain certain micronutrients such as zinc and other metals necessary for plant growth. The major factor driving the growth of the global fertilizers market during the forecast is the increasing population growth and high demand for food products. According to the United Nations (UN), the global population has grown from 1 billion in 1800 to 7.9 billion in 2020. Additionally, it is anticipated to keep growing and reach 8.6 billion by mid-2030, 9.8 billion by mid-2050, and 11.2 billion by 2100. Hence, the growing population globally is driving the demand for food products which in turn is driving the growth of the market.
The global fertilizers market is segmented based on application and type. Based on the application, the market is sub-segmented into crop based, non-crop based, and others. Based on the type, the market is sub-segmented into nitrogen (ammonia, ammonium sulfate, ammonium nitrate, calcium ammonium nitrate, urea, calcium nitrate, sodium nitrate, and other nitrogen fertilizers), phosphate (single superphosphate, triple superphosphate, diammonium phosphate, monoammonium phosphate, ground rock phosphate, and other phosphate fertilizers) and potash (potassium nitrate, potassium chloride, potassium sulfate, and other potash fertilizers).
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Fertilizers Market Segmentation
By Application
- Crop Based
- Non-Crop Based
- Others
By Type
- Nitrogen Fertilizers
- Ammonia
- Ammonium Sulfate
- Ammonium Nitrate
- Calcium Ammonium Nitrate
- Urea
- Calcium Nitrate
- Sodium Nitrate
- Other Nitrogen Fertilizers
- Phosphate Fertilizers
- Single Superphosphate
- Triple Superphosphate
- Diammonium Phosphate
- Monoammonium Phosphate
- Ground Rock Phosphate
- Other Phosphate Fertilizers
- Potash Fertilizers
- Potassium Nitrate
- Potassium Chloride
- Potassium Sulfate
- Other Potash Fertilizers
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Acron PJSC
- BELARUSKALI
- Bunge Ltd.
- CF Industries Holdings, Inc.
- Coromandel International Ltd.
- ICL Fertilizers Ltd.
- IFFCO Group
- K+S AG
- National Fertilizers Ltd.
- OCP Group
- Orascom Construction Industries Co.
- Potash Corp. Of Saskatchewan
- Qatar Fertiliser Co. (P.S.C)
- Saudi Arabian Fertilizer Co. (SAFCO AB)
- Sociedad Quimica Y Minera De Chile SA (SQM)
- The Mosaic Co.
- UPL Ltd.
- URALKALI PJSC
- Yara International ASA
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