Competitor Analysis of Fertilizer Market Recent Developments, Company Strategies, Sustainability Benchmarking, Product Launches, Key Persons, and Revenue Forecasts

Fertilizer Market Outlook

The international market for fertilizer was estimated at around US$ 199.82 billion in 2024. It is expected to expand at a compound annual growth rate (CAGR) of 3.80% during the period 2025-2033 and reach an estimated value of around US$2 279.52 billion in 2033.

Fertilizers are chemicals that give plants vital nutrients to improve their quality, growth, and output. They provide micronutrients like zinc, iron, and magnesium as well as essential elements like potassium (K), phosphorus (P), and nitrogen (N). Both organic (manure, compost, and biofertilizers) and chemical (synthetic) fertilizers can be used to increase plant productivity and soil fertility.

The growing demand for food worldwide as a result of population increase and shifting dietary habits is driving the fertilizer business. The demand for nutrient-rich fertilizers has increased due to the growing use of high-yield crop types and intensive farming techniques. Precision farming, soil testing, and intelligent fertilizers are examples of technological innovations that maximize nutrient delivery, increasing productivity and decreasing waste. Another factor driving market expansion in emerging economies is the expansion of cash crop production, such as cotton, sugarcane, and oilseeds. Adoption is further supported by government programs and subsidies that encourage the use of fertilizer in nations like China and India. Furthermore, the move to bio-based and sustainable fertilizers satisfies environmental standards while preserving soil fertility, setting up the market for consistent expansion on a worldwide scale.

Top Companies in Global Fertilizer Industry

Yara International ASA

Founded: 1905

Headquarters: Norway

Website: www.yara.com

With operations ranging from phosphate mining and ammonia production to building local market expertise and building relationships with customers, Yara International ASA (Yara) is a chemical producer company that produces and sells agricultural development and industrial products. Urea, compound fertilizer, calcium ammonium nitrate, nitric acid, phosphoric acid, and feed phosphates are among its product offerings; it also offers environmental solutions such as NOx abatement, odor control, and process solutions, as well as equipment and services for the storage and handling of the products. Yara operates production plants, terminals, and retail stores in Asia-Pacific, Africa, Europe, and the Americas.

K+S AG

Formation: 1889

Head Office: Germany

Website: www.kpluss.com

The minerals company K+S AG (K+S) deals in goods made of magnesium and potash. The company's primary activities involve the extraction and processing of mineral raw materials, such as salt and potash, for use in consumer, industrial, agricultural, and local markets. K+S sells a wide range of goods, including fertilizers, potassium chloride, plant nutrients, pharmaceutical salts, dietary supplement salts, and industrial goods. Among other brands, the corporation provides the items to customers under the names SALDORO, Cerebos, and AXAL. Additionally, it offers auxiliary services including granulation, recycling, logistics, trading in different basic chemicals, and the disposal and reuse of waste salt mines. Europe, North America, South America, Asia, Africa, and Oceania are all home to it.

CF Industries Holdings

Founding: 1946

Headquarters: United States

Website: www.cfindustries.com

One of the top producers and marketers of nitrogen and hydrogen-based products worldwide, CF Industries Holdings Inc. finds use in fertilizers, emissions control, and other industrial processes. Ammonia, granular urea, urea ammonium nitrate (UAN), ammonium nitrate, diesel exhaust fluid (DEF), urea liquor, nitric acid, and aqua ammonia are among its products. Farmers, independent distributors, industrial users, and agricultural cooperatives are among its diverse clientele. CF Industries offers extensive market access and has distribution terminals in the United States, Canada, and the United Kingdom. Its main production sites are in Billingham, UK; Yazoo City, Mississippi; and Donaldsonville, Louisiana. From there, it exports nitrogen-based fertilizers to every country in the world.

GrupaAzoty S.A

Founding: 2001

Head Office: Poland

Website: www.grupaazoty.com

Grupa Azoty SA (Azoty) is a specialty chemical company. The firm conducts research and development, manufacturing, and sale of engineering plastics, semi-finished goods, catalysts, mineral fertilizers and chemicals. The firm supplies polyamides, pigments, catalysts, and plasticizers. The firm also provides sulfur products such as molten sulfur, prilled sulfur, tablets sulfur, and milled sulfur. Azoty's products are used to manufacture precision machine elements, pipe fittings, levers, bumpers, gear wheels, coils, paints, flooring, furniture, footwear, wallpaper, and roofing. Azoty provides electricity and heat to the group companies. The firm operates in Europe, Americas, and Asia.

Sociedad Quimica y Minera de Chile SA

Founded: 1968

Headquarters: Chile

Website: www.sqm.com

SQM, or Sociedad Quimica y Minera de Chile SA, is a non-metallic product mining corporation. The business extracts minerals, processes them, and sells the finished goods to basic industries. In northern Chile, it mines and refines resources of caliche ore and brine. Potassium nitrate, iodine derivatives, lithium derivatives, potassium chloride, potassium sulfate, and certain industrial chemicals, such as solar salts and industrial nitrates, are among its product lines. SQM uses a global network of offices and distributing affiliates to market its goods. The business continues to operate in North America, Europe, Asia, and Central and South America.

SWOT Analysis of Fertilizer Market

BASF SE

Strength - Advanced R&D and Product Innovation

BASF SE's primary strength in the fertilizer market is its advanced research and development (R&D) capabilities and product innovation. The company leverages decades of chemical expertise to develop high-efficiency fertilizers, specialty nutrients, and crop protection solutions that improve yield and soil health. BASF's strong global presence and integrated supply chain allow it to deliver consistent quality and innovative formulations tailored to regional agricultural needs. The company also invests in sustainable fertilizer technologies, including controlled-release and bio-based products, aligning with environmental regulations and farmer demand. This focus on innovation and technology provides BASF with a competitive advantage, strengthens customer trust, and supports long-term market leadership in both traditional and emerging fertilizer segments worldwide.

Opportunity - Expansion in Sustainable Fertilizers

BASF SE has a significant opportunity in expanding its portfolio of sustainable and eco-friendly fertilizers. Rising concerns over environmental pollution, soil degradation, and regulatory pressure are driving demand for low-emission, bio-based, and controlled-release fertilizers. BASF can leverage its R&D and chemical expertise to develop solutions that reduce nutrient loss, improve crop efficiency, and minimize ecological impact. Growth opportunities also exist in emerging markets such as Asia, Africa, and Latin America, where increasing population and food demand necessitate higher crop yields. Collaborations with agritech startups and government programs promoting sustainable agriculture can further enhance adoption. By focusing on innovation in sustainable fertilizers, BASF can strengthen its market position while addressing global environmental challenges and meeting evolving farmer and consumer expectations.

PhosAgro

Strength - Rich Phosphate Resource Base

PhosAgro's main strength in the fertilizer market is its extensive phosphate rock reserves and vertical integration. As one of the world's leading phosphate fertilizer producers, PhosAgro controls mining, processing, and production, ensuring consistent quality and cost efficiency. This resource base allows the company to supply key products such as superphosphate, ammonium phosphate, and compound fertilizers to meet global agricultural demand. PhosAgro's strong presence in Europe, Asia, and Latin America provides market stability and access to growing regions. Vertical integration enhances supply chain resilience, reduces dependency on third parties, and improves profitability. Combined with its technological expertise in fertilizer production, PhosAgro is well-positioned to maintain a competitive edge in the phosphate fertilizer market globally.

Opportunity - Growing Demand for Phosphate Fertilizers in Emerging Markets

PhosAgro has a significant opportunity in expanding phosphate fertilizer sales in emerging markets. Countries in Asia, Africa, and Latin America are experiencing population growth and increasing food demand, driving the need for higher crop yields and nutrient-rich soils. PhosAgro can leverage its high-quality phosphate products and efficient supply chain to cater to these markets. Additionally, government initiatives and subsidies promoting fertilizer use in developing regions provide favorable conditions for market growth. There is also potential in sustainable phosphate solutions that minimize environmental impact while maximizing crop efficiency. By focusing on emerging markets and sustainable practices, PhosAgro can expand its global footprint, increase revenue, and support agricultural development in regions with growing food security needs.

Sustainability Analysis of Fertilizer Market

The Mosaic Company

By incorporating environmental, social, and governance (ESG) concepts into its operations, The Mosaic Company has made important contributions to sustainability. Regarding the environment, Mosaic is putting plans in place to lower emissions throughout its international operations and hopes to reach net-zero greenhouse gas emissions in Florida by 2030 and company-wide by 2040. In its mining regions, the business prioritizes water conservation, freshwater optimization, and water quality improvement. By funding farmer-led projects that increase crop output while preserving soil and water resources, Mosaic also supports sustainable agriculture through the Mosaic Company Foundation for Sustainable Food Systems. Socially, it focuses on workforce safety, community engagement, and development programs in mining regions. In governance, Mosaic aligns its practices with the United Nations Sustainable Development Goals (SDGs), prioritizing clean water, climate action, and food security. By combining operational efficiency with environmental and social responsibility, Mosaic positions itself as a sustainable leader in the global fertilizer market.

Recent Development in Fertilizer Industry

In August 2024, ICL and the AMP Holdings Group signed a five-year, $170 million agreement for ICL to sell specialist water-soluble fertilizers in China. Drip irrigation will be used in the transaction, and high-value crops including apples and strawberries are among those targeted. The deal facilitates ICL's entry into the expanding fertilizer sector in China.

Coromandel International introduced Paramfos Plus, a fertilizer reinforced with magnesium, in June 2024. It contains 16% nitrogen, 20% phosphorus, 13% sulfur, and 0 magnesium. It improves photosynthesis, increases productivity, and works well with a variety of crops, including horticulture plants, legumes, and cereals.

Fertilizer Market & Forecast

Historical Trends

Forecast Analysis

Market Share Analysis

Company Analysis

Overview

Company History and Mission

Business Model and Operations

Workforce

Key Persons

Executive Leadership

Operational Management

Division Leaders

Board Composition

Recent Development & Strategies

Mergers & Acquisitions

Partnerships

Investments

Sustainability Analysis

Renewable Energy Adoption

Energy-Efficient Infrastructure

Use of Sustainable Packaging Materials

Water Usage and Conservation Strategies

Waste Management and Circular Economy Initiatives

Product Analysis

Product Profile

Quality Standards

Product Pipeline

Product Benchmarking

Strategic Assessment: SWOT Analysis

Strengths

Weaknesses

Opportunities

Threats

Revenue Analysis

The above information will be available for all the following companies:

1. Yara International ASA

2. K+S AG

3. GrupaAzoty S.A

4. ICL Group

5. OCI NV

6. Sociedad Quimica y Minera de Chile SA

7. BASF SE

8. PhosAgro

9. Nutrien Ltd.

10. The Mosaic Company

11. Israel Chemicals Ltd. (ICL)

12. EuroChem Group

13. ICL Group Ltd.

14. Coromandel International Ltd.