Market Size of south america fertilizers Industry
| Icons | Lable | Value |
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Study Period | 2016 - 2030 |
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Market Size (2024) | USD 49.35 Billion |
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Market Size (2030) | USD 68.66 Billion |
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Largest Share by Crop Type | Field Crops |
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CAGR (2024 - 2030) | 5.66 % |
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Largest Share by Country | Brazil |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
South America Fertilizer Market Analysis
The South America Fertilizers Market size is estimated at USD 49.35 billion in 2024, and is expected to reach USD 68.66 billion by 2030, growing at a CAGR of 5.66% during the forecast period (2024-2030).
- Fastest growing segment by Product - Manganese : Manganese availability in soil decreases with rising pH and is less mobile in the plants thus affecting the young parts of the plant which requires application of fertilizer.
- Largest Segment by Crop Type - Field Crops : The domination of field crops in South America 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 - Liquid Fertilizer : Liquid fertilizers can penetrate the the soil easily allow plants to absorb nutrients more quickly, reduce fertilizer waste and can be applied to either ground or foliar.
- Largest segment by Country - Brazil : Brazil alone accounts for about 61% of the total crop area in the South American region. Which is about 74.61 million hectares of agricultural land in the country.
