Fertilizer Market by Type, Form, Distribution Channel, Application, End-use

List of Tables

[186 Pages Report] The Fertilizer Market size was estimated at USD 412.85 billion in 2023 and expected to reach USD 430.68 billion in 2024, at a CAGR 4.44% to reach USD 559.73 billion by 2030.

Fertilizers are substances added to soil & plant tissues to supply one or more nutrients crucial to the growth of plants. Fertilizers are pivotal in enhancing soil fertility and stimulating plant growth, thereby increasing agricultural productivity. Rising global food demand accelerated by population growth and dietary shifts boosting the adoption of high-efficiency fertilizers. In addition, the rapid adoption of precision farming technology and protected agriculture owing to the market growth. However, high production costs, especially for synthetic fertilizers, and fluctuating raw material prices impact the market expansion. Furthermore, the emerging bio-fertilizer sector, focusing on sustainable and organic farming practices, presents significant growth potential. Moreover, the development of environmentally friendly and efficiency-enhanced fertilizers poses a significant opportunity for market growth.

KEY MARKET STATISTICS
Base Year [2023]	USD 412.85 billion
Estimated Year [2024]	USD 430.68 billion
Forecast Year [2030]	USD 559.73 billion
CAGR (%)	4.44%

Type: Increasing shift towards the sustainable farming practices boosts the adoption of organic fertilizers

Inorganic fertilizers, known as synthetic fertilizers, are manufactured artificially and contain minerals & synthetic chemicals. They are preferred for their immediate nutrient release and effectiveness in boosting plant growth over a short period. Micronutrient fertilizers play a crucial role in the balanced nutrition of crops, supplementing essential elements that are needed in small quantities but are vitally important for plant growth. These include zinc (Zn), manganese (Mn), boron (B), copper (Cu), molybdenum (Mo), iron (Fe), and chlorine (Cl). Nitrogen fertilizers are fundamental to modern agriculture, driving crop growth and productivity by supplementing the soil with essential nitrogen that is often limited in natural systems. Phosphorus fertilizers are critical for plant development, particularly in the stages of root formation, flowering, and fruiting. They supply phosphorus in forms readily available for plant uptake, such as monoammonium phosphate (MAP) and diammonium phosphate (DAP). Potassium fertilizers are indispensable for crop quality and resistance to stresses such as drought, pests, and diseases. Potassium chloride (KCl), potassium sulfate (K2SO4), and potassium nitrate (KNO3) are among the main sources used in agriculture. Potassium fertilizers are indispensable for crop quality and resistance to stresses such as drought, pests, and diseases. Potassium chloride (KCl), potassium sulfate (K2SO4), and potassium nitrate (KNO3) are among the main sources used in agriculture. Organic fertilizers originate from plant, animal, & mineral sources, undergoing minimal processing. They are sought after for their long-term benefits to soil health, improving structure, and providing a slow but sustained release of nutrients. Plant-based fertilizers comprise compost, green manure, and seaweed, while animal-based fertilizers include bone meal, blood meal, and manure.

End-use: Increasing demand of organic & inorganic fertilizers from agricultural sectors

The agricultural segment remains the primary consumer of fertilizers, driven by the necessity to enhance crop yield and quality to meet the growing global food demand. The preference within this segment leans towards bulk quantities of nitrogen, phosphorus, and potassium, owing to their proven effectiveness in improving soil fertility and crop productivity. Within the gardening segment, the preference sways towards specialized fertilizers that cater to the needs of specific plants and performance boosts, such as blooming & root development. Organic options are particularly popular in this segment, resonating with home gardeners' preference for sustainable and eco-friendly gardening practices. The horticulture segment, encompassing both edible and ornamental plants, requires a nuanced approach to fertilization. Fertilizers here must support plant growth and enhance the aesthetic appeal & taste of the products. Slow-release and controlled-release fertilizers are prevalent, providing a steady supply of nutrients according to the plant's growth cycle.

Form: Potential growth attributed to ease of use and application of liquid fertilizers

Dry fertilizers are solid fertilizers that are available in granulated & powdered form. They are widely used because of their ease of storage and longevity. Granulated forms are slow-release formulas allowing a steady supply of nutrients, while powdered forms are fast-acting fertilizers that need to be mixed with soil & water before application. Liquid fertilizers are soluble fertilizers that come in the form of a concentrated liquid or suspension. They provide quick nutrient availability and are easy to apply. Liquid fertilizers are preferred for their immediate impact and ease of application via irrigation systems (fertigation) & foliar sprays. They are ideal for correcting mid-season nutrient deficiencies.

Regional Insights

In the Americas, the United States and Canada are pivotal in the fertilizer market. The American region, with its large-scale industrial agriculture, emphasizes the use of nitrogen, phosphorus, and potassium (NPK) fertilizers to boost productivity. Ongoing trends include the adoption of precision agriculture technologies to optimize fertilizer use and minimize environmental impact. The European Union countries focus on sustainable agriculture and environmental protection, influencing fertilizer demand and usage patterns. Regulations promote the use of environmentally friendly farming practices. The EU's emphasis on reducing greenhouse gas emissions and preventing water pollution drives the adoption of innovative fertilizer products, such as controlled-release fertilizers and organic amendments. Africa, with its vast agricultural potential, faces challenges such as limited access to fertilizers, high costs, and low soil fertility. The APAC region is a major producer and consumer of fertilizers. The countries across the region are undergoing a shift towards sustainable agriculture, with the government implementing policies to promote the use of organic and reduced-chemical fertilizers. Investments in research for developing new fertilizer technologies and improving application methods are significant, aiming at reducing environmental impact while maintaining high crop yields.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Fertilizer Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Fertilizer Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Fertilizer Market, highlighting leading vendors and their innovative profiles. These include Agroliquid, Aries Agro Limited, Ballance Agri-Nutrients Limited, CF Industries Holdings Inc., Coromandel International Ltd., Eurochem Group AG, Fertiberia S.A., Greenstar Fertilizers Ltd., Gujarat Narmada Valley Fertilizers & Chemicals Limited, Haifa Group, Hubei Sinochem & Orient Fertilizer Co., Ltd., Israel Chemicals Ltd., K+S Aktiengesellschaft, Koch Fertilizer, LLC, Kugler Company, National Fertilizers Limited, Nutrien Ltd., OCP SA, Paradeep Phosphates Limited, PhosAgro Group of Companies, Plant Food Company, Inc., Rallis India Limited by Tata Chemicals Limited, Rural Liquid Fertilizers, SQM S.A., Sumitomo Chemical Co., Ltd., The Mosaic Company, URALCHEM JSC, Wengfu Group, Xinyangfeng Agricultural Technology Co., Ltd., Yara International ASA, and Yidu Xingfa Chemicals Co., Ltd..

Market Segmentation & Coverage

This research report categorizes the Fertilizer Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Inorganic
  - Micronutrient Fertilizers
  - Nitrogen Fertilizers
  - Phosphorus Fertilizers
  - Potassium Fertilizers

Organic

Form
- Dry
- Liquid

Distribution Channel
- Offline
- Online

Application
- Cereals
- Fruits
- Oilseeds
- Pulses

End-use
- Agriculture
- Gardening
- Horticulture

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Fertilizer Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Fertilizer Market?

3. What are the technology trends and regulatory frameworks in the Fertilizer Market?

4. What is the market share of the leading vendors in the Fertilizer Market?

5. Which modes and strategic moves are suitable for entering the Fertilizer Market?

Product Code: MRR-F97DD5A7DCF7

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising global food demand accelerated by population growth and dietary shifts
  - 5.1.1.2. Rapid adoption of precision farming technology and protected agriculture
  - 5.1.1.3. Growing demand for environmentally friendly and efficiency-enhanced fertilizer
- 5.1.2. Restraints
  - 5.1.2.1. High price of the micronutrient fertilizer and customized fertilizers
- 5.1.3. Opportunities
  - 5.1.3.1. Technological advancements in fertilizer production and application
  - 5.1.3.2. Supportive government initiatives to ensure sustainable food production by implementing resilient agricultural practices
- 5.1.4. Challenges
  - 5.1.4.1. Environmental concern associated with the usage of fertilizers
5.2. Market Segmentation Analysis
- 5.2.1. Type: Increasing shift towards the sustainable farming practices boosts the adoption of organic fertilizers
- 5.2.2. End-use: Increasing demand of organic & inorganic fertilizers from agricultural sectors
- 5.2.3. Form: Potential growth attributed to ease of use and application of liquid fertilizers
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Fertilizer Market, by Type

6.1. Introduction
6.2. Inorganic
6.3. Organic

7. Fertilizer Market, by Form

7.1. Introduction
7.2. Dry
7.3. Liquid

8. Fertilizer Market, by Distribution Channel

8.1. Introduction
8.2. Offline
8.3. Online

9. Fertilizer Market, by Application

9.1. Introduction
9.2. Cereals
9.3. Fruits
9.4. Oilseeds
9.5. Pulses

10. Fertilizer Market, by End-use

10.1. Introduction
10.2. Agriculture
10.3. Gardening
10.4. Horticulture

11. Americas Fertilizer Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Fertilizer Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Fertilizer Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. Market Share Analysis, 2023
14.2. FPNV Positioning Matrix, 2023
14.3. Competitive Scenario Analysis
- 14.3.1. Koch Industries Completes USD 3.6 Billion Acquisition of Lowa Fertilizer Co
- 14.3.2. Yara is Acquiring the Organic-Based Fertilizer Business of Italy's Agribios
- 14.3.3. Rallis India Launches Patented Zinc Fertilizer NAYAZINC Designed for Soil Application
14.4. Strategy Analysis & Recommendation

15. Competitive Portfolio

15.1. Key Company Profiles
15.2. Key Product Portfolio