United States Fertilizer Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The United States Fertilizer Market is Segmented by Type (Nitrogenous, Phosphatic, and Potash, Secondary Nutrient and Micronutrient Fertilizers) and Application (Grains and Cereals, Pulses and Oilseeds, Commercial Crops, Fruits and Vegetables, and Turf and Ornamentals).

Market Snapshot

United States Fertilizer Market
Study Period:

2016 - 2026

Base Year:

2020

CAGR:

1.7 %

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Market Overview

The US fertilizers market was valued at USD 18,602.0 million in 2020, and it is estimated to reach USD 20,520.5 million by 2026, registering a CAGR of 1.7%, during the forecast period (2021-2026).

COVID-19 has affected all the supply chains that connect farm production to final consumers in the United States. Farmers have faced a shortage of agricultural inputs, including fertilizers. As China is one of the major producers and exporters of nitrogenous fertilizers to the United States, when China imposed a lockdown, there was a huge fertilizer shortage in the country owing to problems with transportation. Prices hit an all-time low due to trade pressures and regulatory challenges.

The application of nitrogen fertilizer is proportional to the cereal yields. According to the US Department of Agriculture, the country has expanded the farmlands to plant 94 million acres of corn and 85 million acres of soybeans which will be resulting greater consumption of nitrogenous fertilizers in 2021 supporting the domestic crop production in the country. Thus, with the increasing demand for nitrogen fertilizers, the United States has increased its export potential, and it is anticipated to become a globally important exporter of nitrogen products in the coming years. Furthermore, the rising population and limited arable land in the United States have led to higher dependence on fertilizers to meet the growing demand in the country.

Scope of the Report

The International Fertilizer Association defines a fertilizer as “any solid, liquid, or gaseous substance containing one or more plant nutrients in a known amount that is applied to the soil, directly on plants, or added to aqueous solutions (as in fertigation) to maintain soil fertility and improve crop development, yield, and/or crop quality”. The United States Fertilizer Market is Segmented by Type (Nitrogenous, Phosphatic, and Potash, Secondary Nutrient and Micronutrient Fertilizers) and Application (Grains and Cereals, Pulses and Oilseeds, Commercial Crops, Fruits and Vegetables, and Turf and Ornamentals). 

Type
Nitrogenous Fertilizers
Urea
Calcium Ammonium Nitrate (CAN)
Ammonium Nitrate
Ammonium Sulfate
Ammonia
Other Nitrogenous Fertilizers
Phosphatic Fertilizers
Mono-ammonium Phosphate (MAP)
Di-ammonium Phosphate (DAP)
Triple Superphosphate (TSP)
Other Phosphatic Fertilizers
Potash Fertilizers
Secondary Nutrient Fertilizers
Micronutrient Fertilizers
Application
Grains and Cereals
Pulses and Oilseeds
Commercial Crops
Fruits and Vegetables
Turf and Ornamentals

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Key Market Trends

Growing Demand for the Fertilizers in the Country

The US population is increasing at a rapid rate with 330 million in 2020. This growing population is adding to the food demand. Hence, there is a need to increase agriculture productivity in order to supply food to the growing population. According to the World Bank, arable land (percentage of land area) in the United States is around 17.24% of the total land in 2018. Further, there is a little scope in arable land expansion in the coming years. These factors have stimulated the demand for the fertilizers in the country

According to the FAO, the demand for nitrogen fertilizers increased and was recorded as 14,594 thousand metric ton in 2019. The demand for phosphate and potash fertilizers grew at higher rate, by 1.07% and 1.41%, respectively, during the same period in the region. The higher demand for phosphate and potash fertilizers is attributed to the increased consumption of fruits and vegetables in the past decade in the country. The nitrogen fertilizers have the highest share in the US fertilizers market owing to the production of cereals, such as corn and wheat, in the country.Thus, the rising population and limited arable land in the United States have led to higher dependence on fertilizers to meet the growing demand in the country.

united-states-fertilizers-market

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Grain and Cereals Dominate the Market

The application of fertilizers in the grains and cereals segment of the US fertilizers market was valued at USD 6,715.7 million in 2020, and it is estimated to reach a value of USD 7,526.9 million by 2026, registering a CAGR of 2.0% during the forecast period.

According to USDA, wheat, corn, rice received about 40% of the nitrogen, phosphate, and potash fertilizers in 2020. Corn and wheat were the two most important cereals among them, receiving an ample amount of NPK fertilizers. Fertilizers used on corn, wheat, and rice need to contain nitrogen sufficiently. According to the FAO’s statistics, the area harvested for corn in United States decreased from 35,106,050 ha in 2016 to 32,950,670 in 2019. The decrease in the area of crop harvested increased the usage of fertilizers for improving the yield from available area.

A similar trend in lower harvest area was observed in the case of wheat also. As one of the main crops for production and as a main grain for consumption, the lowered area of harvest must be compensated with increased yield, for meeting the domestic and global demand. The adequate use of fertilizer sharply increases the yield. Thus, the fertilizers market is anticipated to witness a significant growth (in the grains and cereals segment) during the forecast period.

united-states-fertilizers-market

Competitive Landscape

The fertilizer market is slightly consolidated, with major companies accounting for the majority of the market. Some of the players opearting in the market are NutrienLimited, Mosaic Company, Yara International ASA and SQM SA. These companies are focusing on R&D, product launches, along with new innovations and partnerships.

Recent Developments

In April 2020, Yara International ASA (world’s leading manufacturer and trader of ammonia) with BASF has opened a world-scale ammonia plant in Freeport, Texas, to increase production supply of ammonia in the country. The plant has a capacity of nearly 7,50,000 metric ton of ammonia per year.

In Feb 2019, Nutrien Ltd has acquired Actagro LLC (Actagro), a leading developer, manufacturer, and marketer of environmentally sustainable soil and plant health products and technologies. It has further strengthened the distribution network of Nutrien.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overveiw

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Nitrogenous Fertilizers

        1. 5.1.1.1 Urea

        2. 5.1.1.2 Calcium Ammonium Nitrate (CAN)

        3. 5.1.1.3 Ammonium Nitrate

        4. 5.1.1.4 Ammonium Sulfate

        5. 5.1.1.5 Ammonia

        6. 5.1.1.6 Other Nitrogenous Fertilizers

      2. 5.1.2 Phosphatic Fertilizers

        1. 5.1.2.1 Mono-ammonium Phosphate (MAP)

        2. 5.1.2.2 Di-ammonium Phosphate (DAP)

        3. 5.1.2.3 Triple Superphosphate (TSP)

        4. 5.1.2.4 Other Phosphatic Fertilizers

      3. 5.1.3 Potash Fertilizers

      4. 5.1.4 Secondary Nutrient Fertilizers

      5. 5.1.5 Micronutrient Fertilizers

    2. 5.2 Application

      1. 5.2.1 Grains and Cereals

      2. 5.2.2 Pulses and Oilseeds

      3. 5.2.3 Commercial Crops

      4. 5.2.4 Fruits and Vegetables

      5. 5.2.5 Turf and Ornamentals

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Nutrien Limited

      2. 6.3.2 Yara International

      3. 6.3.3 The Mosaic Company

      4. 6.3.4 CF Industries Holding Inc.

      5. 6.3.5 ICL Group

      6. 6.3.6 Intrepid Potash Inc.

      7. 6.3.7 OCI NV

      8. 6.3.8 SQM SA

      9. 6.3.9 Compass Minerals International Inc.

      10. 6.3.10 Wilbur-Ellis Company LLC

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. AN ASSESSMENT OF COVID-19 IMPACT ON THE MARKET

**Subject to Availability

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Frequently Asked Questions

The United States Fertilizer Market market is studied from 2016 - 2026.

The United States Fertilizer Market is growing at a CAGR of 4.2% over the next 5 years.

  • Nutrien Ltd
  • ICL
  • CF Industries Holdings, Inc.
  • The Mosaic Company
  • Yara International

Are the major companies operating in United States Fertilizer Market.

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