Chemical Fertilizers Market
By Type;
Nitrogen Fertilizer, Phosphate Fertilizer and Potash FertilizerBy Crop Category;
Cereals, Oilseeds, Vegetables, Fruits and OthersBy Method Of Application;
Broadcasting, Drop Spreading, Fertigation and Foliar SprayBy Form;
Solid, Liquid and GaseousBy Product Type;
Complex Fertilizers, DAP, MOP, Urea, SSP and OthersBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)Chemical Fertilizers overview
Chemical Fertilizers (USD Million)
Chemical Fertilizers Market was valued at USD 195,638.72 million in the year 2024 . The size of this market is expected to increase to USD 371,645.34 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 9.6%.
Chemical Fertilizers Market
*Market size in USD million
CAGR 9.6 %
Study Period | 2025 - 2031 |
---|---|
Base Year | 2024 |
CAGR (%) | 9.6 % |
Market Size (2024) | USD 195,638.72 Million |
Market Size (2031) | USD 371,645.34 Million |
Market Concentration | Medium |
Report Pages | 367 |
Major Players
- Syngenta AG
- ARA International
- Uralkali
- Nutrien Ltd.
- The Mosaic Company
- K+S Aktiengesellschaft
- Haifa Group
- ICL Group Ltd.
- EuroChem Group
- OCP Group S.A.
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Chemical Fertilizers Market
Fragmented - Highly competitive market without dominant players
The Chemical Fertilizers Market plays a critical role in enhancing crop productivity and plant growth. These fertilizers contain key nutrients such as nitrogen (N), phosphorus (P), and potassium (K), each addressing specific soil deficiencies. They contribute to over 60% of improved crop yields and provide rapid nutrient absorption, offering more predictable outcomes compared to organic alternatives, making them essential for modern farming.
Main Types of Chemical Fertilizers
Chemical fertilizers are categorized into nitrogenous, phosphatic, and potassic types. Nitrogenous fertilizers account for about 50% of total fertilizer consumption, promoting leaf and stem growth. Phosphatic fertilizers represent roughly 30% and support root development and flowering. Potassic fertilizers, although at 20%, are vital for fruit quality, disease resistance, and water retention, ensuring comprehensive plant health.
Key Benefits of Chemical Fertilizers
Using chemical fertilizers results in higher crop yields, consistent growth, and improved nutrient efficiency. Crops treated with these fertilizers often see a 25–35% increase in productivity compared to untreated fields. They also correct nutrient deficiencies quickly, enhancing crop quality and reducing harvest time, which is essential for meeting modern agricultural demands and ensuring food supply stability.
Trends and Innovations in Fertilizer Use
The future of chemical fertilizers lies in controlled-release and nutrient-efficient formulations, which can reduce nutrient losses by up to 40%. Integration with biofertilizers and soil conditioners ensures long-term fertility. These innovations make fertilizers more efficient, eco-friendly, and supportive of global food security, reflecting the ongoing evolution of sustainable agriculture practices.
Chemical Fertilizers Market Recent Developments
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In September 2023, a shift toward high-efficiency nitrogen-based fertilizers helped reduce greenhouse gas emissions, aligning with global sustainability goals in agriculture.
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In May 2020, the introduction of nano-fertilizers offered higher nutrient efficiency, reducing application volumes and mitigating environmental impact in chemical fertilizer use.
Chemical Fertilizers Market Segment Analysis
In this report, the Chemical Fertilizers Market has been segmented by Macronutrients , Product Type,by Form, Crop Category,Application, , and Geography.
Chemical Fertilizers, Segmentation by Macronutrients
The Chemical Fertilizers has been segmented by Macronutrients into Nitrogen, Potash, and Phosphate.
Nitrogen
Nitrogen-based fertilizers dominate the macronutrient segment, holding nearly 58–60% of global consumption. Widely applied in cereal crops, oilseeds, and vegetables, they enhance growth and yield efficiency. Demand for nitrogen fertilizers continues to grow at 3–4% annually, driven by intensive farming practices and rising global food needs.
Potash
Potash fertilizers account for about 20–22% of the market, essential for improving root strength, water retention, and disease resistance in crops. They play a vital role in enhancing soil fertility, particularly in fruits and vegetables. With expanding demand in emerging markets, potash usage is growing at a steady rate of 4–5% per year.
Phosphate
Phosphate fertilizers represent approximately 18–20% of global demand, critical for seed development, flowering, and root establishment. They are widely applied in both food and cash crops, improving nutrient uptake efficiency. This segment is expanding at 3–4% annually, supported by the push for higher agricultural productivity and sustainable farming methods.
Chemical Fertilizers, Segmentation by Product Type
The Chemical Fertilizers has been segmented by Product Type into Complex Fertilizers, MOP, Urea, DAP, and SSP.
Complex Fertilizers
Complex fertilizers contribute nearly 25–27% of the chemical fertilizer market, combining essential nutrients such as nitrogen, phosphate, and potash. They improve soil fertility and boost overall crop yield efficiency by 10–12%. Demand is growing steadily due to their convenience and balanced nutrient composition, especially in high-value crops.
Muriate of Potash (MOP)
MOP holds about 18–20% of the market, widely used to enhance root strength, disease resistance, and water retention. It is critical for crops like sugarcane, potatoes, and vegetables. With expanding agricultural production in emerging economies, demand for MOP is rising at 4–5% annually.
Urea
Urea dominates the market with around 40–42% share, making it the most commonly used fertilizer worldwide. Rich in nitrogen content, it plays a vital role in stimulating vegetative growth and enhancing crop productivity. Its demand continues to rise at 3–4% annually, particularly in intensive farming systems.
Di-Ammonium Phosphate (DAP)
DAP accounts for nearly 12–14% of market demand. Known for its high phosphorus and nitrogen content, it supports root development and early plant growth. Farmers favor DAP for cereals and oilseeds, where it improves yield efficiency by 8–10%. Growth in this segment remains steady due to increasing global food demand.
Single Super Phosphate (SSP)
SSP represents about 7–8% of the chemical fertilizers market. It provides phosphorus, sulfur, and calcium, making it a cost-effective option for small and medium-scale farmers. SSP improves soil quality and supports crops like pulses and oilseeds, with adoption growing at 2–3% annually in developing regions.
Chemical Fertilizers, Segmentation by Form
The Chemical Fertilizers has been segmented by Form into Solid, Liquid, and Gaseous
Solid
Solid fertilizers dominate the market with nearly 70–72% share, making them the most widely used form globally. Products such as urea, DAP, and SSP fall under this category, preferred for their ease of storage, transport, and application. Their demand continues to grow at 3–4% annually, especially in large-scale farming systems.
Liquid
Liquid fertilizers account for about 18–20% of the chemical fertilizer market. They offer better nutrient absorption and faster plant response, which improves yield efficiency by 10–12%. Their adoption is increasing in horticulture and high-value crops, with annual growth of 5–6% supported by precision agriculture practices.
Gaseous
Gaseous fertilizers, such as anhydrous ammonia, represent approximately 8–10% of global usage. They are highly concentrated in nitrogen and improve soil nutrient availability significantly. Although handling requires strict safety measures, their use is expanding steadily at 2–3% annually, particularly in regions with advanced farming infrastructure.
Chemical Fertilizers, Segmentation by Crop Category
The Chemical Fertilizers has been segmented by Crop Category into Cereals, Fruits, Oilseeds, Vegetables, and Others.
Cereals
Cereals dominate the chemical fertilizers market, holding nearly 45–47% share globally. Fertilizers such as urea, DAP, and potash are extensively used to boost productivity in crops like wheat, rice, and maize. With growing food demand, this segment is expanding steadily at 3–4% annually.
Fruits
Fruits account for around 12–14% of fertilizer usage, requiring balanced nutrients for quality, taste, and shelf life. Potash and phosphate fertilizers are especially important for fruit cultivation, enhancing yield by 8–10%. Rising demand for high-quality produce is pushing adoption in this segment at 5–6% annually.
Oilseeds
Oilseeds represent about 15–17% of fertilizer consumption, with crops like soybean, sunflower, and rapeseed driving demand. Nitrogen and phosphate-based fertilizers enhance oil content and productivity, improving yields by 10–12%. Growth is stable at 4–5%, supported by increasing global edible oil demand.
Vegetables
Vegetables contribute approximately 18–20% of the chemical fertilizers market. High-value crops such as tomatoes, onions, and leafy greens require intensive fertilizer application. Adoption of liquid fertilizers has boosted nutrient absorption, leading to 12–15% better yields. This segment is growing rapidly at 6–7% per year.
Others
The others category, including pulses, fodder crops, and cash crops, holds nearly 7–8% of the market. Fertilizer application in these crops improves productivity by 8–10%, ensuring better profitability for farmers. Growth remains moderate at 3–4%, but adoption is rising with sustainable farming practices.
Chemical Fertilizers, Segmentation by Application
The Chemical Fertilizers has been segmented by Application into Seed Treatment, Root Dipping, Soil Treatment, and Others.
Seed Treatment
Seed treatment accounts for nearly 20–22% of the chemical fertilizers market. It enhances germination rates, disease resistance, and early plant vigor, leading to yield improvements of 8–10%. Adoption is increasing due to its cost-effectiveness and efficiency in improving crop establishment across cereals and oilseeds.
Root Dipping
Root dipping represents about 15–17% of the market, commonly practiced in rice and vegetable cultivation. By coating roots with nutrient-rich solutions, farmers achieve 10–12% better survival rates and faster root establishment. Its adoption is growing steadily, particularly in Asia-Pacific regions with intensive paddy farming.
Soil Treatment
Soil treatment dominates the segment with nearly 50–52% share, as it is the most widely adopted method globally. Fertilizers applied directly to the soil improve nutrient availability and crop productivity, delivering yield gains of 12–15%. This segment continues to expand steadily at 4–5% annually, supported by large-scale agriculture practices.
Others
The others category, including foliar sprays and fertigation, contributes around 10–12% of the market. These methods allow for precise nutrient application, improving uptake efficiency by 10–12%. Adoption is increasing in horticulture and greenhouse farming, where efficiency and high yields are critical.
Chemical Fertilizers Market, Segmentation by Geography
In this report, the Chemical Fertilizers Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa, & Latin America.
Regions and Countries Analyzed in this Report
Chemical Fertilizers Market Share (%), by Geographical Region
North America
North America accounts for nearly 20–22% of the chemical fertilizers market, driven by large-scale cultivation of corn, soybeans, and wheat. Precision farming practices have boosted fertilizer efficiency, improving yields by 10–12%. Growth in this region remains steady at around 3–4% annually, supported by advanced agricultural technologies.
Europe
Europe represents about 18–20% of the market, with demand focused on sustainable and eco-friendly fertilizers. Stringent regulations encourage the use of balanced nutrient applications, improving soil health. Adoption of specialty fertilizers has increased by 6–7% in recent years, particularly in countries like Germany, France, and the UK.
Asia Pacific
Asia Pacific dominates the global chemical fertilizers market with nearly 42–44% share. Rising demand for rice, cereals, and vegetables in countries like China and India drives consumption. The region continues to grow at 5–6% annually, supported by government subsidies and population-driven food requirements.
Middle East & Africa
The Middle East and Africa together contribute around 8–10% of the market. Fertilizer demand is increasing in cash crops, cereals, and horticulture due to expanding agricultural projects. Annual growth of 4–5% is supported by government initiatives to improve food security and agricultural productivity.
Latin America
Latin America holds about 10–12% of the chemical fertilizers market, led by Brazil and Argentina. Strong demand comes from soybean, sugarcane, and maize cultivation. Adoption of modern fertilizers has improved crop yields by 12–14%, with the region expanding steadily at 5–6% per year.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Chemical Fertilizers Market. These factors include; Market Drivers, Restraints and Opportunities.
Drivers, Restraints and Opportunities
Drivers:
- Growing Population and Food Demand
- Government Support and Subsidies
- Expansion of Commercial Farming
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Globalization of Agriculture - Globalization of agriculture acts as a significant driver in the chemical fertilizers market. As agricultural trade continues to expand globally, driven by factors such as population growth, urbanization, and changing dietary habits, there is a growing demand for high-yield crop production to ensure food security and meet the needs of an increasingly interconnected world. Chemical fertilizers play a crucial role in modern agriculture by providing essential nutrients to crops, enhancing soil fertility, and boosting agricultural productivity to meet the growing demand for food, feed, fiber, and biofuels on a global scale.
Globalization has led to the adoption of intensive farming practices and the expansion of commercial agriculture in emerging economies, where rapid industrialization and urbanization have transformed traditional farming landscapes. In countries with burgeoning agricultural sectors, such as China, India, Brazil, and Southeast Asian nations, chemical fertilizers are increasingly used to optimize crop yields, improve agricultural efficiency, and achieve economies of scale in food production. The globalization of agriculture has facilitated the dissemination of agricultural technologies, knowledge transfer, and market integration, enabling farmers to access a wide range of fertilizers, crop inputs, and agricultural services from around the world. It has also fueled the expansion of multinational agribusiness corporations, fertilizer manufacturers, and input suppliers operating across international markets. These companies leverage global supply chains, distribution networks, and market access to capitalize on growing demand for chemical fertilizers in diverse geographic regions. By investing in research and development, innovation, and technology transfer, multinational fertilizer companies can introduce advanced fertilizers, customized formulations, and precision agriculture solutions tailored to the specific needs and preferences of farmers worldwide.
Restraints:
- Health Concerns and Food Safety
- Regulatory Restrictions and Compliance
- Limited Access to Finance and Technology
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Public Perception and Consumer Preferences - Public perception and consumer preferences can act as significant restraints in the chemical fertilizers market. Increasing environmental awareness and concerns about sustainability have led to a shift in consumer preferences towards organic farming practices. As a result, there is a growing reluctance among consumers to use chemical fertilizers perceived as harmful to the environment, human health, and biodiversity. Negative perceptions about the environmental impact of chemical fertilizers, such as water pollution, soil degradation, and greenhouse gas emissions, can lead to regulatory restrictions, consumer boycotts, and market backlash against fertilizer manufacturers.
Public perception plays a crucial role in shaping regulatory policies and government interventions aimed at regulating the use of chemical fertilizers. Concerns about food safety, agricultural sustainability, and environmental protection have prompted policymakers to impose stricter regulations on fertilizer use, including limits on nutrient runoff, restrictions on certain fertilizer ingredients, and incentives for adopting organic and sustainable farming practices. These regulatory measures can increase compliance costs, restrict market access, and limit the growth prospects of chemical fertilizer companies, especially those reliant on traditional fertilizers with perceived environmental risks. Negative public perception towards chemical fertilizers can impact market demand and consumer acceptance, leading to reduced sales and profitability for fertilizer manufacturers. Public awareness campaigns, media coverage of environmental issues, and advocacy efforts by environmental organizations can influence consumer attitudes and behavior towards chemical fertilizers, driving demand towards alternative products and organic farming methods. In response, fertilizer companies may face challenges in marketing their products, building brand reputation, and maintaining market share in an increasingly competitive and sustainability-conscious market environment.
Opportunities:
- Innovation in Fertilizer Formulations
- Digital Agriculture and Precision Farming
- Vertical Integration and Value Chain Optimization
- Sustainable Agriculture Initiatives
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Market Diversification and Product Differentiation - Market diversification and product differentiation are essential strategies employed by companies operating in competitive markets like chemical fertilizers to maintain a competitive edge and capture new opportunities. Diversification involves expanding product portfolios and entering new markets to mitigate risks associated with market fluctuations and dependence on specific product segments or geographic regions. By diversifying their offerings, fertilizer manufacturers can cater to a broader range of customer needs, enhance revenue streams, and reduce vulnerability to changes in market dynamics.
Product differentiation, on the other hand, focuses on creating unique value propositions and distinguishing products from competitors in the market. This can be achieved through various means, including innovative formulations, enhanced nutrient efficiency, customized blends tailored to specific crop requirements, and branding and marketing strategies. By differentiating their products, fertilizer companies can command premium prices, build brand loyalty, and attract customers seeking specialized solutions for their agricultural needs. Market diversification and product differentiation facilitate risk management and resilience against external factors such as changes in raw material prices, regulatory policies, and market demand. By spreading their investments across multiple product lines and geographic regions, fertilizer manufacturers can mitigate the impact of market uncertainties and economic fluctuations, ensuring long-term sustainability and growth in the competitive landscape of the chemical fertilizers market.
Competitive Landscape Analysis
Key players in Global Chemical Fertilizers Market include:
- Syngenta AG
- ARA International
- Uralkali
- Nutrien Ltd.
- The Mosaic Company
- K+S Aktiengesellschaft
- Haifa Group
- ICL Group Ltd.
- EuroChem Group
- OCP Group S.A.
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Crop Category
- Market Snapshot, By Method Of Application
- Market Snapshot, By Form
- Market Snapshot, By Product Type
- Market Snapshot, By Region
- Chemical Fertilizers Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Growing Population and Food Demand
- Government Support and Subsidies
- Expansion of Commercial Farming
- Globalization of Agriculture
- Restraints
- Health Concerns and Food Safety
- Regulatory Restrictions and Compliance
- Limited Access to Finance and Technology
- Public Perception and Consumer Preferences
- Opportunities
- Innovation in Fertilizer Formulations
- Digital Agriculture and Precision Farming
- Vertical Integration and Value Chain Optimization
- Sustainable Agriculture Initiatives
- Market Diversification and Product Differentiation
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitve Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Chemical Fertilizers Market, By Type, 2021 - 2031 (USD Million)
- Nitrogen Fertilizer
- Phosphate Fertilizer
- Potash Fertilizer
- Chemical Fertilizers Market, By Crop Category, 2021 - 2031 (USD Million)
- Cereals
- Oilseeds
- Vegetables
- Fruits
- Others
- Chemical Fertilizers Market, By Method Of Application, 2021 - 2031 (USD Million)
- Broadcasting
- Drop Spreading
- Fertigation
- Foliar Spray
- Chemical Fertilizers Market, By Form, 2021 - 2031 (USD Million)
- Solid
- Liquid
- Gaseous
- Chemical Fertilizers Market, By Product Type, 2021 - 2031 (USD Million)
- Complex Fertilizers
- DAP
- MOP
- Urea
- SSP
- Others
- Chemical Fertilizers, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Chemical Fertilizers Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Syngenta AG
- ARA International
- Uralkali
- Nutrien Ltd.
- The Mosaic Company
- K+S Aktiengesellschaft
- Haifa Group
- ICL Group Ltd.
- EuroChem Group
- OCP Group S.A.
- Company Profiles
- Analyst Views
- Future Outlook of the Market