NPK fertilizers Global Market Report 2026

NPK fertilizers are named for main components such as nitrogen, phosphorus, and potassium, and their proportions are represented by the NPK ratio. For example, a fertilizer labeled as 20-20-20 indicates equal proportions of these three essential nutrients. This type of fertilizer, also known as a balanced or complete fertilizer, provides crucial elements for plant development and overall health.

The main types of NPK fertilizers include those containing phosphorus, nitrogen, potassium, and others that may include secondary nutrients and micronutrients. Phosphorus is a vital component for the growth of seeds, plants, and roots. The presence of phosphorus aids in various growth processes, and its levels in the soil can diminish due to factors like erosion. NPK fertilizers come in various forms, such as powder, liquid, and others like crystals, prills, and pellets. Additionally, NPK fertilizers can be classified into two main types based on their nature: organic and synthetic. Organic NPK fertilizers are derived from natural sources, while synthetic ones are chemically manufactured.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are influencing the NPK fertilizers market by raising costs of imported phosphate rock, potash, nitrogen compounds, and blending equipment. Agricultural economies in Asia-Pacific and Latin America are impacted due to dependence on imported raw materials, while Europe faces higher production costs. These tariffs are affecting fertilizer affordability and application volumes. However, they are also promoting domestic fertilizer blending, regional raw material sourcing, and innovation in alternative nutrient compositions.

The npk fertilizers market research report is one of a series of new reports from The Business Research Company that provides npk fertilizers market statistics, including npk fertilizers industry global market size, regional shares, competitors with a npk fertilizers market share, detailed npk fertilizers market segments, market trends and opportunities, and any further data you may need to thrive in the npk fertilizers industry. This npk fertilizers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The npk fertilizers market size has grown strongly in recent years. It will grow from $4.11 billion in 2025 to $4.49 billion in 2026 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to expansion of intensive farming practices, rising demand for multi-nutrient fertilizers, growth of horticulture and plantation crops, increasing fertilizer application rates, availability of blended fertilizer production facilities.

The npk fertilizers market size is expected to see strong growth in the next few years. It will grow to $6.4 billion in 2030 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to increasing adoption of precision agriculture, rising demand for high-efficiency nutrient solutions, expansion of sustainable farming initiatives, growing focus on micronutrient-enriched fertilizers, increasing investments in advanced fertilizer formulations. Major trends in the forecast period include increasing adoption of balanced nutrient fertilizer blends, rising demand for customized npk ratios, growing use of water-soluble npk fertilizers, expansion of controlled-release npk products, enhanced focus on soil-specific nutrition.

The increasing demand for fertilizers is driving the growth of the NPK fertilizers market. Fertilizers contain chemical components that support plant growth and productivity. Rising demand for fertilizers is fueled by their ability to replenish nutrients removed by previous crops or enhance soil fertility. NPK fertilizers are the most widely used source of plant nitrogen, phosphorus, and potassium nutrition. For instance, in January 2024, according to Fertilizers Europe, a Belgium-based trade association, projections indicate a 7% rise in phosphate use over the next decade, with notable increases across major crops-such as oilseeds at 13.9%-and a broad uptick in potash demand, including 14.3% for sugar beets and 10% for oilseeds. Therefore, the growing demand for fertilizers is expected to boost the NPK fertilizers market during the forecast period.

Leading companies in the NPK fertilizers market are concentrating on creating innovative solutions, such as water-soluble NPK fertilizers, to address the increasing demand for efficient and sustainable agricultural practices. Water-soluble NPK fertilizers completely dissolve in water, allowing for the immediate availability of essential nutrients-nitrogen (N), phosphorus (P), and potassium (K)-for quick plant uptake, improved growth, and effective application through irrigation systems. For example, in October 2023, ICL GROUP LTD, an Israel-based manufacturing company, introduced a new line of water-soluble fertilizers in North America under the Nova brand. This range includes four innovative products: Nova PULSE, a PK foliar fertilizer tailored for legume crops; Nova FINISH, a high-potassium option for late-stage growth; Nova ELEVATE, which incorporates cobalt and molybdenum to enhance nitrogen efficiency; and Nova FLOW, designed for late-season growth with essential NPK, magnesium, sulfur, and boron. These fertilizers aim to enhance crop nutrition, address deficiencies, and support overall plant health during crucial growth phases while being compatible with a variety of herbicides and crop protectants.

In April 2023, Petchem Investment Holdings Pte. Limited, a Singapore-based investment holding company, acquired a 51% stake in TAK Agro & Chemicals Limited for an undisclosed amount. This strategic acquisition allowed Petchem Investment Holdings to expand its presence in the fertilizer sector, offering quality NPK fertilizers alongside Urea and contributing to increased fertilizer consumption in Nigeria. TAK Agro & Chemicals Limited, based in Nigeria, imports, manufactures, and blends fertilizers for the agricultural sector.

Major companies operating in the npk fertilizers market are Yara International ASA, Nutrien Ltd., The Mosaic Company, EuroChem Group AG, OCP Group, ICL Group, CF Industries Holdings, Inc., HELM AG, K+S Aktiengesellschaft, Haifa Group, Coromandel International Limited, PhosAgro Public Joint Stock Company, Kingenta Ecological Engineering Group Co., Ltd., Yuntianhua Group, Xinyangfeng Fertilizer Co., Ltd., Azomures, Luxi Chemical Group Co., Ltd., ZAT (Zavod Azot), Rossosh, SACF (Shandong Alliance Chemical Fertilizer Co., Ltd.), Huachang Chemical Co., Ltd., Fengxi Fertilizer Co., Ltd., Goldym Chemical Company

Asia-Pacific was the largest region in the NPK fertilizer market in 2025, and it is also expected to be the fastest-growing region in the forecast period. The regions covered in the npk fertilizers market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the npk fertilizers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The NPK fertilizers market consists of sales of chlorine-based compound fertilizer and urea-based compound fertilizer. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

NPK fertilizers Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses npk fertilizers market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for npk fertilizers ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The npk fertilizers market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Type: Organic NPK Fertilizers; Synthetic (Chemical) NPK Fertilizers
• 2) By Form: Granular; Powder; Liquid; Water-Soluble
• 3) By Crop Type: Cereals & Grains; Fruits & Vegetables; Oilseeds & Pulses; Turf & Ornamentals; Other Crops
• 4) By Application Method: Soil Application; Foliar Application; Fertigation
• Subsegments:
• 1) By Organic NPK Fertilizers: Compost-Based NPK Fertilizers; Manure-Based NPK Fertilizers; Bio-Based NPK Blends (Plant & Animal Derived); Microbial-Enriched Organic NPK Fertilizers; Liquid Organic NPK Fertilizers
• 2) By Synthetic (Chemical) NPK Fertilizers: Granular Compound NPK Fertilizers; Water-Soluble NPK Fertilizers; Liquid NPK Fertilizers; Slow-Release NPK Fertilizers; Controlled-Release NPK Fertilizers
• Companies Mentioned: Yara International ASA; Nutrien Ltd.; The Mosaic Company; EuroChem Group AG; OCP Group; ICL Group; CF Industries Holdings, Inc.; HELM AG; K+S Aktiengesellschaft; Haifa Group; Coromandel International Limited; PhosAgro Public Joint Stock Company; Kingenta Ecological Engineering Group Co., Ltd.; Yuntianhua Group; Xinyangfeng Fertilizer Co., Ltd.; Azomures; Luxi Chemical Group Co., Ltd.; ZAT (Zavod Azot); Rossosh; SACF (Shandong Alliance Chemical Fertilizer Co., Ltd.); Huachang Chemical Co., Ltd.; Fengxi Fertilizer Co., Ltd.; Goldym Chemical Company
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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