Market Size of global fertilizers Industry
| Icons | Lable | Value |
|---|---|---|
|
Study Period | 2016 - 2030 |
|
Market Size (2024) | USD 384.37 Billion |
|
|
Market Size (2030) | USD 543.20 Billion |
|
|
CAGR (2024 - 2030) | 5.93 % |
|
Largest Share by Crop Type | Field Crops |
|
Largest Share by Region | Asia-Pacific |
Major Players |
||
|
||
|
*Disclaimer: Major Players sorted in no particular order |
Fertilizer Market Analysis
The Global Fertilizers Market size is estimated at USD 384.37 billion in 2024, and is expected to reach USD 543.20 billion by 2030, growing at a CAGR of 5.93% during the forecast period (2024-2030).
- 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 globally for high-yield crop production.
- Largest Segment by Crop Type - Field Crops : Field crops are widely cultivated worldwide and are a staple food in many parts of the world. They account for a maximum share by area in most agricultural countries.
- Fastest growing by Speciality Type - SRF : SRFs are safe for the soil and environment as they precisely release nutrients into the soil throughout the cropping season and reduce the leaching of nutrients.
- Largest segment by Country - China : China is the most populous country in the world. It has a large cultivable land with a high fertilizer application rate per hectare in order to maximize crop yields.
