Russia Fertilizers Market Size

Statistics for the 2023 & 2024 Russia Fertilizers market size, created by Mordor Intelligence™ Industry Reports. Russia Fertilizers size report includes a market forecast to 2030 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of russia fertilizers Industry

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Russia Fertilizers Market Summary
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Icons Lable Value
https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2030
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 11.16 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2030) USD 16.41 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Crop Type Field Crops
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2030) 6.64 %
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Fastest Growing by Crop Type Field Crops

Major Players

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*Disclaimer: Major Players sorted in no particular order

Key Players

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Russia Fertilizers Market Analysis

The Russia Fertilizers Market size is estimated at 11.16 billion USD in 2024, and is expected to reach 16.41 billion USD by 2030, growing at a CAGR of 6.64% during the forecast period (2024-2030).

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11.16 Billion

Market Size in 2024 (USD)

16.41 Billion

Market Size in 2030 (USD)

7.63 %

CAGR (2017-2023)

6.64 %

CAGR (2024-2030)

Largest segment by Product

50.08 %

value share, Ammonium Nitrate, 2023

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Increase in cultivation of high-value crops such as wheat, combined with a rising deficiency of sulfur in the soil, will drive the sulfur market in the forecast period.

Largest Segment by Crop Type

95 %

value share, Field Crops, 2023

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As grains and cereals are intensively grown, they deplete the nutrients in the soil, and hence they require more amount of fertilizers to supplement the nutrients to them.

Fastest Growing Speciality Type

7.23 %

Projected CAGR, Water Soluble, 2024-2030

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The growing awareness among the farmers and the convenience of applying water-soluble fertilizers with other agrochemicals have contributed to their growth in the country.

Largest segment by Application Mode

91.09 %

value share, Soil, 2023

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Soil application is the most preferred method to apply the fertilizers in the country due to its adaptability to diverse crops, soil types, and environmental conditions.

Leading Market Player

14.19 %

market share, PhosAgro Group of Companies, 2022

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PhosAgro engages in product innovations like APAVIVA, a fertilizer product line that provides all the elements including macroelements, sulphur, boron, and zinc.

Field crops dominate the market due to their high consumption rates and large cultivation areas

  • In 2022, field crops dominated the agricultural sector in Russia, accounting for 95.0% of its value share. These crops are expected to witness a robust growth of 40.1% during the study period. Agricultural lands, covering 13.0% of Russia's territory, primarily focus on cultivating key crops like wheat, sugar beet, and various cereals (including maize, barley, oats, and rye). Wheat, in particular, takes the lead as the most extensively cultivated field crop, with a total area of 27.9 million hectares in 2021, marking a 5.5% increase from 2018. Given its status as a major consumer of NPK fertilizers, the expansion of wheat cultivation is poised to drive fertilizer consumption in the country.
  • During 2023-2030, the horticulture crop acreage in Russia is projected to witness an 11.8% growth. This surge is attributed to the rising demand for both domestic consumption and exports, which, in turn, is fueling the fertilizer market. The push for improved crop quality and yield is also prompting private investors and governments to show heightened interest in greenhouse cultivation. This focus on greenhouse horticulture, aimed at maximizing crop quality and yield, is driving up the demand for specialty fertilizers. These fertilizers are designed to provide crops with precise nutrients at the right time, optimizing their growth and yield.
  • As disposable incomes and living standards rise, there is a notable increase in the popularity of ornamental plants among homeowners. This trend is expected to significantly boost fertilizer demand, with a projected CAGR of 7.2% from 2023 to 2030.
Russia Fertilizers Market

Russia Fertilizers Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030