Market Size of africa fertilizers Industry
| Icons | Lable | Value |
|---|---|---|
|
Study Period | 2016 - 2028 |
|
Market Size (2024) | USD 9.10 Billion |
|
|
Market Size (2028) | USD 12.01 Billion |
|
Largest Share by Crop Type | Field Crops |
|
|
CAGR (2024 - 2028) | 7.18 % |
|
Largest Share by Country | South Africa |
Major Players |
||
|
||
|
*Disclaimer: Major Players sorted in no particular order |
Africa Fertilizer Market Analysis
The Africa Fertilizers Market size is estimated at USD 9.10 billion in 2024, and is expected to reach USD 12.01 billion by 2028, growing at a CAGR of 7.18% during the forecast period (2024-2028).
- Fastest growing segment by Product - Iron : The alkaline soils with high pH and degrading health and quality of soils are making them deficient in Iron thus increasing the demand for high-yield crop production.
- Largest Segment by Crop Type - Field Crops : The domination of field crops in Africa Fertilizers market is mainly due to its large cultivation area in the region. They account for more than 95% of total crop area.
- Fastest growing by Speciality Type - Water Soluble : The watersoluble fertilizer absorption rate is more than double compared to conventional fertilizers reaching an efficiency of about 80-90% and reducing total fertilizer use.
- Largest segment by Country - South Africa : The crop yields in the country are relatively low compared to the global average and so the need for higher productivity is driving the fertilizer usage in South Africa
