Market Size of united states fertilizers Industry
Icons | Lable | Value |
---|---|---|
Study Period | 2016 - 2030 | |
Market Size (2024) | USD 28.69 Billion | |
Market Size (2030) | USD 38.08 Billion | |
CAGR (2024 - 2030) | 4.83 % | |
Largest Share by Crop Type | Field Crops | |
Fastest Growing by Crop Type | Turf & Ornamental | |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
United States Fertilizers Market Analysis
The United States Fertilizers Market size is estimated at USD 28.69 billion in 2024, and is expected to reach USD 38.08 billion by 2030, growing at a CAGR of 4.83% during the forecast period (2024-2030).
- Fastest growing segment by Product - DAP : DAP is an important phosphatic fertilizer in the country with a consumption of 1.9 million metric tons in 2021. Corn, cotton and soybean are the largest DAP consuming crops.
- Largest Segment by Crop Type - Field Crops : Field crops dominate the fertilizers market in the US due to the large cultivation area in the country. Field crops account for more than 95% of the total crop area.
- Fastest growing by Speciality Type - SRF : The SRF are safe to the soil and environment as they precisely release the nutrients in to the soil throughout the cropping season and thus reduce the leaching of nutrients.
- Largest segment by Application Mode - Soil : Soil application is an easy method of fertilizer application and can be applied without equipment. This fertilizer application method improves plant health and soil fertility.