The global fertilizer market size reached US$ 176.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 236.9 Billion by 2032, exhibiting a growth rate (CAGR) of 3.2% during 2024-2032. More Info:- https://www.imarcgroup.com/fertilizer-market

1. Global Fertilizer Market
Research and Forecast
Report 2024-2032
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved

2. About IMARC Group
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results.

3. Report Highlight
and Description
According to the latest report by IMARC Group, titled "Fertilizer Market:
Global Industry Trends, Share, Size, Growth, Opportunity and Forecast
2024-2032," the global fertilizer market size reached US$ 176.4 Billion in
2023.
A fertilizer is a chemical substance put on land or soil to make plants grow
better and enhance crop yield. It promotes the growth and productivity of
plants and provides them with essential nutrients. It contains vital nutrients
plants need, including nitrogen, potassium, and phosphorus. It also improves
the soil's water retention capacity. It is mainly classified into two main types,
organic and inorganic fertilizers. Organic fertilizers are natural fertilizers
derived from plants and animals.
It boosts the amount of organic matter in the soil, encourages microbial
reproduction, and alters the soil's physical and chemical composition. On the
other hand, inorganic fertilizers are chemical fertilizers generated by synthetic
techniques. Fertilizer is easy to transport, store, and apply and can easily
dissolve in the soil. It is predictable and reliable and has a rapid effect on the
crops.
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4. Report Description
Global Fertilizer Market Trends:
The global market is majorly driven by the rapid growth in population, followed by the changing dietary habits
among the masses in developed and developing countries. In line with this, the increasing requirement for
enhanced soil nutrients and crop yield is significantly contributing to the product demand. Furthermore, the rising
penetration of organic fertilizers and significant growth in the agriculture industry are positively influencing the
market. Apart from this, the emerging demand for water–soluble fertilizers and the growing demand for food
globally are catalyzing the market. Moreover, several government and non-government organizations worldwide
are raising awareness about the benefits of fertilizer and its favorable impact on agricultural output. This is
expected to create a positive outlook for the market.
Besides, inflating incomes of the individuals residing in rural areas and the ease and quick availability of credit
are anticipated to propel the market expansion. Additionally, several key market players are forming strategic
alliances and opting for joint ventures to expand their product portfolio. Some of the other factors driving the
market growth include rapid urbanization, significant growth in the horticulture industry, and heavy investments in
research and development (R&D) activities.
Looking forward, the market is anticipated to reach a value of US$ 236.9 Billion by 2032, exhibiting a CAGR
of 3.2% during 2024-2032.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/fertilizer-market

5. Report
Segmentation
Breakup by Product Type:
• Chemical Fertilizer
• Biofertilizers
Breakup by Product:
• Straight Fertilizers
o Nitrogenous Fertilizers
• Urea
• Calcium Ammonium Nitrate
• Ammonium Nitrate
• Ammonium Sulfate
• Anhydrous Ammonia
• Others
o Phosphatic Fertilizers

6. Report
Segmentation
• Mono-Ammonium Phosphate (MAP)
• Di-Ammonium Phosphate (DAP)
• Single Super Phosphate (SSP)
• Triple Super Phosphate (TSP)
• Others
o Potash Fertilizers
• Muriate of Potash (MoP)
• Sulfate of Potash (SoP)
o Secondary Macronutrient Fertilizers
• Calcium Fertilizers
• Magnesium Fertilizers
• Sulfur Fertilizers
o Micronutrient Fertilizers
• Zinc

7. Report
Segmentation
• Manganese
• Copper
• Iron
• Boron
• Molybdenum
• Others
• Complex Fertilizers
Breakup by Product Form:
• Dry
• Liquid
Breakup by Crop Type:
• Grains and Cereals
• Pulses and Oilseeds

8. Report
Segmentation
• Fruits and Vegetables
• Flowers and Ornamentals
• Others
Breakup by Region:
• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa

9. Competitive
Landscape with
Key Players
• CF Industries
• Haifa Group
• Indian Farmers Fertiliser Co-operative Limited
(IFFCO)
• Israel Chemicals Ltd. (ICL)
• Nutrien Limited
• Sociedad Química y Minera (SQM)
• The Mosaic Company
• Uralkali
• Yara International

10. Key Questions
Answered in
the Report
What was the size of the global fertilizer market in 2023?
What is the expected growth rate of the global fertilizer market
during 2024-2032?
What are the key factors driving the global fertilizer market?
What has been the impact of COVID-19 on the global fertilizer
market?
What is the breakup of the global fertilizer market based on
the product type?
What is the breakup of the global fertilizer market based on
the product?

11. Key Questions
Answered in
the Report
What is the breakup of the global fertilizer market based on
the product form?
What is the breakup of the global fertilizer market based on
the crop type?
What are the key regions in the global fertilizer market?
Who are the key players/companies in the global fertilizer
market?

12. Table of
Contents
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Fertilizer Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 Chemical Fertilizer
6.1.1 Mark et Trends
6.1.2 Mark et Forecast
6.2 Biofertilizers
6.2.1 Mark et Trends
6.2.2 Mark et Forecast
7 Market Breakup by Product
7.1 Straight Fertilizers
7.1.1 Mark et Trends
7.1.2 Mark et Breakup by Type
7.1.2.1 Nitrogenous Fertilizers

13. Table of
Contents
7.1.2.1.1 Urea
7.1.2.1.2 Calcium Ammonium Nitrate
7.1.2.1.3 Ammonium Nitrate
7.1.2.1.4 Ammonium Sulf ate
7.1.2.1.5 Anhydrous Ammonia
7.1.2.1.6 Others
7.1.2.2 Phosphatic Fertilizers
7.1.2.2.1 Mono-Ammonium Phosphate (MAP)
7.1.2.2.2 Di-Ammonium Phosphate (DAP)
7.1.2.2.3 Single Super Phosphate (SSP)
7.1.2.2.4 Triple Super Phosphate (TSP)
7.1.2.2.5 Others
7.1.2.3 Potash Fertilizers
7.1.2.3.1 Muriate of Potash ( MoP)
7.1.2.3.2 Sulf ate of Potash ( SoP)
7.1.2.4 Secondary Macronutrient Fertilizers
7.1.2.4.1 Calcium Fertilizers
7.1.2.4.2 Magnesium Fertilizers
7.1.2.4.3 Sulf ur Fertilizers
7.1.2.5 Micronutrient Fertilizers
7.1.2.5.1 Zinc
7.1.2.5.2 Manganese
7.1.2.5.3 Copper
7.1.2.5.4 Iron
7.1.2.5.5 Boron
7.1.2.5.6 Molybdenum
7.1.2.5.7 Others
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