The global fertilizer market size was valued at USD 233.10 Billion in 2025. The industry is expected to grow at a CAGR of 3.70% during the forecast period of 2026-2035 to reach a value of USD 335.22 Billion by 2035. The market growth has resulted from combined and speeding change to the integrated low carbon fertilizer production which is supported by strategic long-term offtake partnerships with major agribusiness buyers.
Producers are progressively investing in renewable hydrogen and low emission ammonia technologies for the de-carbonization of nitrogen fertilizer production and to align with the tightening climate regulations and corporate sustainability trends in the global fertilizer market. As an example, in June 2024 Yara International opened a renewable hydrogen plant in Herøya, Norway, where the renewable hydrogen is produced and then used to manufacture fertilizers with much lower carbon footprints, thus it was a crucial point of the company to lower emissions from conventional processes.
Moreover, in July 2024 Yara also signed a long-term supply partnership with PepsiCo Europe, under which Yara agreed to deliver up to 165,000 tonnes per year of low-carbon fertilizers by 2030 to cover a significant share of PepsiCo’s crop needs. This dual trend broadens the producers’ investment scope in the global fertilizer market while at the same time they ensure demand visibility, thus strengthening market resilience and creating premium growth segments within the industry.
Base Year
Historical Period
Forecast Period
The global demand for food is expected to increase by 59-98% by 2050, contributing to the market growth.
Liquid fertilizers are expected to constitute a major portion of the global fertilizer market share.
Organic fertilizers are expected to remain high in demand over the forecast period.
Compound Annual Growth Rate
3.7%
Value in USD Billion
2026-2035
*this image is indicative*
Leading fertilizer companies are consolidating their position in the global fertilizer market by means of merging and acquiring different assets not only to keep up their production but also to be able to secure their raw materials in a competitive market with price fluctuations. A case in point is CF Industries, which completed the purchase of the Waggaman ammonia unit on December 1, 2023. With this buying, CF Industries is expanding its scale, and it is increasing its power to manage the supply fluctuations, to make its margins more stable, and to even advance operational efficiency. This is an example of how the consolidation trend is changing the face of the fertilizer industry.
Fertilizer producers are rethinking their portfolios so that they can focus more on the regions where there is a high potential for growth and opportunities in the fertilizer market for eco-friendly investments. An example of this is OCI Global, which decided to sell the Wever fertilizer plant to Koch Ag & Energy in December 2023. Through this move, OCI transferred the capital to fuel the company's strategic initiatives, while the buyer will be able to get downstream scale. This indicates that the portfolio restructuring is facilitating the market to operate in a more targeted as well as flexible way.
In the process of satisfying the rising agricultural demand of the developing regions, fertilizer producers are investing in regional production complexes that not only shorten the supply chain but also improve access into the fertilizer market. EuroChem, for instance, opened the Serra do Salitre phosphate fertilizer complex in Brazil in March 2024, with almost 1 million tonnes per year production capacity. This on-the-ground extension mitigates its dependence on imports, serves the high-growth markets more efficiently, and solidifies its competitive position.
In order to ensure water and energy availability for the fertilizer plants together with pollution control, fertilizer companies are partnering with governments and energy providers to make this integration of energy and water happen. For example, OCP Group and Engie revealed their preliminary ideas in October 2024 for a renewable-energy partnership that would support green ammonia, desalination, and electricity supply for fertilizer plants by utilizing solar and wind energy. In this manner, these partnership agreements not only serve as a tool for the mitigation of operational risks but also create a platform where the scaling of more sustainable production can lead to improvements in the export competitiveness of the fertilizers market.
Companies are innovating in the field of specialty nutrition and biostimulants through product line expansion as an effort to satisfy farmers' continuous demand for sustainable production practices that are also efficient and to gain their loyalty. For instance, Yara declared the launch of its global speciality production plant initiative in May 2023, and in December 2023, it unveiled the YaraAmplix biostimulants brand. These steps make nutrient efficiency possible and also provide the grower with the means to increase input spending per hectare. Besides, it offers the company an advantage in the competitive landscape of the fertilizer market through product differentiation, demonstrating how innovation in high-value crop inputs is raising the market.
The EMR’s report titled “Global Fertilizer Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Key Insights: The organic fertilizer market growth is supported by the development of sustainable and circular solutions. For instance, in April 2025, BSOG Energy and Unigrains Trading jointly announced the construction of the first facility in Romania for combined biomethane and organic fertilizer production with a yearly output of more than 250,000 tons. The inorganic segment is witnessing increased investment to strengthen global supply capabilities. Exemplifying this, Nutrien announced the expansion of its Pacific Northwest terminal in May 2025 to increase potash fertilizers exports and meet rising global demand.
Market Breakup by Form
Key Insights: Dry fertilizer market continues to be essential for broadacre crops, mainly due to their cost-effectiveness, long shelf life, and compatibility with mechanized farming, which is further supported through capacity investments and granulation progress. The liquid segment, on the other hand, is picking up momentum at a fast pace through strategic deals and portfolio growth. For instance, at the end of September 2025, Adufértil completed the acquisition of Fass Agro, a specialist liquid NPK fertilizer supplier, to strengthen its liquid fertilizer offerings in Brazil. Precisely the acquisition made indicates the growing demand for liquid products, as precision agriculture requires more and more tailored nutrient delivery solutions.
Market Breakup by Application
Key Insights: The agriculture end-use category is the major consumer in the fertilizer market, as these products boost the yields of the staple crops that include rice, maize, and wheat. Horticulture is getting more lucrative with the rise of fruit, vegetable, and ornamental plant production, whereas gardening is benefiting from urban landscaping and home gardening trends. The rest constitute niche demand, including turf, forestry, and specialty crops. These segments represent the extensive use of fertilization in both commercial and small-scale farming, which are increasingly being influenced by precision nutrient management and sustainability practices.
Market Breakup by Region
Key Insights: The global fertilizer market scope spans over North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, with leading companies as the main drivers of regional growth. With focus on supply resilience and a Pacific Northwest terminal to boost exports, Nutrien is making the moves in North America. Yara addresses the needs of sustainable fertilizers across Europe. PhosAgro and Coromandel, are both increasing their capacity in Asia Pacific. Whereas, Mosaic, the Latin American blending hub, and OCP, the phosphate extension in MEA, are progressively contributing to the global market growth.
By type, organic category witnesses high demand
The organic category shows high demand in the fertilizers market, as more farmers and companies choose sustainable and eco-friendly nutrient sources that are compatible with regenerative agriculture and the circular bioeconomy. To meet the increasing demand, major players are investing in innovative production technologies and new facilities. For instance, in March 2025, Nitricity revealed that it is investing USD 10 million to establish the first-ever organic nitrogen fertilizer plant in Delhi and California, thereby increasing the scalable organic production capacity. Such an investment pattern strengthens the regional supply and makes it easier for farmers to get access to eco-friendly inputs.
Inorganic fertilizers are still making good progress through different measures such as capacity expansions, product innovations, and strategic collaborations that help to improve nutrient efficiency and expand brand reach in the fertilizer market. On their part, established fertilizer manufacturers are upgrading product portfolios with a view to providing crop nutrient needs more effectively. For example, Coromandel International, in December 2024, partnered with the International Fertilizer Development Center for co-developing next-generation fertilizer technologies and sustainable solutions for Indian agriculture. These partnerships encourage innovations, deepen regional research capabilities and, ultimately, lead to a broader user base of advanced inorganic nutrient products.
By form, dry fertilizers record notable uptake
The dry fertilizer sector is expanding, with producers increasing their product lines and enhancing nutrient delivery to major crops. The segment receives a boost from innovations that increase efficiency and make formulae adaptable to local requirements while solving environmental issues. For instance, in April 2025 Agrifields DMCC declared its intention to extend its business to Korea and launch a new line of water-soluble fertilizers in India by FY’26, thus broadening its nutrient portfolio with dry and soluble forms. Moves like these not only reinforce supply networks but also cater to the rising demand for crop nutrients globally.
The liquid fertilizer market growth is owing to its suitable for precision agriculture, fertigation, and high-value crop systems. Thus, capacity additions and new product launches follow. In May 2025 Liquiadubos opened a new liquid NPK fertilizer plant in Portugal to increase supply for irrigated and high-value crops. These types of investments increase local production capability and facilitate customer-specific nutrient delivery, thereby, the segment is getting reinforced in modern farming as a source of sustainable input solutions.
By application, agriculture sector shows robust growth
The agriculture application accounts for the largest share global fertilizer market revenue, the which is leading the largest share of fertilizer demand is being driven by innovations that improve crop nutrient use and sustainability. Producers and cooperatives are joining hands to broaden the gateway to next-generation products that lift yield and farmers’ welfare. As an illustration, IFFCO partnered with the Foundation for the Development of Rural Value Chains (FDRVC) in May 2025 to equip Farmer Producer Organizations with next-generation nanoscale fertilizers. This partnership means an extensive distribution network and the facilitated large-scale farm handling of advanced inputs.
The demand for fertilizers for horticulture applications is increasing rapidly for precise nutrient solutions that sustain the quality and productivity of fruits, vegetables, and ornamental crops. To meet this increase, companies are investing heavily in specialized production capacity. Rallis India, a Tata enterprise, for instance, set up a new fully-automated fertilizing plant with a capacity of 8,000 MT water-soluble fertilizer in Akola, Maharashtra in May 2024 to serve the integrated crop nutrition and horticulture needs. The purposeful investments in the fertilizer market sector are instruments for better nutrient use, soil, and overall horticultural productivity.
By region, Asia Pacific leads the market growth
The Asia Pacific fertilizer market is expanding rapidly as companies invest in capacity and innovation to meet rising demand from intensive agriculture and supportive policies. Producers are focusing on localized investments and partnerships to strengthen supply chains and serve key crops across India, China, and Southeast Asia. For example, PT Pupuk Indonesia announced in March 2025 a massive USD 7 billion investment plan to boost fertilizer production and reduce import dependence. This investment will enhance regional capacity, improve affordability, and support food security objectives across the Asia Pacific.
Meanwhile, Latin America demonstrates notable growth in the global fertilizer market as producers invest in region-specific innovations and expand product portfolios to better serve diverse crop needs and sustainability goals. For example, ICL Brasil launched “Sulfurball,” a new sulfur-based fertilizer in June 2025, engineered for controlled nutrient release and tailored to high-demand crops such as soybeans, corn, and sugarcane. Such targeted product introductions improve nutrient efficiency, support local agronomic requirements, and strengthen regional supply networks in Latin America.
Leading fertilizer market players are making massive investments to grow their capacity, come up with environmentally friendly products, and spread their business all over the world to meet the increasing demand for their products. Nutrien, Yara, and OCP Group are some of the biggest investors in advanced production technologies and are involved in expansions of their granulation and blending facilities and in promoting strategic partnerships to create strong supply chains. The implementation of green ammonia projects, the launch of specialty fertilizers, and precision nutrient solutions being some of the innovations visible in these initiatives are the main reasons for the market leadership, sustainability, and efficiency concerns of these companies.
Meanwhile, many international and local players are similarly using acquisitions, joint ventures, and research and development collaborations to broaden their product portfolios and gain a foothold in new regions. Coromandel, PhosAgro, and Mosaic are developing low-carbon fertilizers, nano-formulations, and bio-stimulants, and at the same time, they are focusing on the Asia Pacific, Latin America, and Africa regions which have high potential for growth.
Coromandel International Limited is a crop nutrient and crop protection company which was founded in 1961 and has its main office in Secunderabad, India. The company offers agricultural innovations and practices using crop nutrients, specialty fertilizers, and eco-friendly initiatives within the farming realm.
K+S Aktiengesellschaft was founded in 1889 and is located in Kassel, Germany. The company is a potash and salt producer for agricultural and industrial uses. The emphasis of the company is on eco-friendly mining methods and utilization of world distribution networks for the efficient supply of crop nutrients.
OCI N.V., a major nitrogen fertilizer, methanol, and industrial chemical producer, was founded in 1929 and is in Amsterdam, Netherlands. The company is into production enlargement and adopting tech-savvy approaches with the primary goal of productivity optimization worldwide.
Shandong Hualu Hengsheng Group, a significant player in the chemistry and fertilizer industries, was set up in 1997 and is situated in Zibo, China. The company devotes its attention to the large-scale production of nitrogen, phosphate, and compound fertilizers both for the domestic market and for export.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other players in the market include Acron Group, ICL Group Ltd., Yara International ASA, Nutrien Ltd, PhosAgro PJSC, and CF Industries Holdings, Inc., among others.
Explore the latest trends shaping the Global Fertilizer Market 2026-2035 with our in-depth report. Gain strategic insights, future forecasts, and key market developments that can help you stay competitive. Download a free sample report or contact our team for customized consultation on global fertilizer market trends 2026.
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2025, the global fertilizer market reached an approximate value of USD 233.10 Billion.
The market is projected to grow at a CAGR of 3.70% between 2026 and 2035.
The market is assessed to witness a healthy growth in the forecast period to reach around USD 335.22 Billion in 2035.
The various applications of fertilizer are agriculture, horticulture, and gardening, among others.
The different types of fertilizer considered in the market report are organic and inorganic.
The various forms of fertilizer include dry and liquid.
The major regions in the market include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The key players in the market include Coromandel International Limited, K+S Aktiengesellschaft, OCI N.V., Shandong Hualu Hengsheng Group Co., Ltd, Acron Group, ICL Group Ltd., Yara International ASA, Nutrien Ltd, PhosAgro PJSC, CF Industries Holdings, Inc., and other key players.
Key strategies driving the market include capacity expansion, investment in low-carbon and green fertilizers, innovation in specialty products, and strategic partnerships, along with mergers and regional diversification to strengthen supply chains.
Major challenges include raw material and energy price volatility, regulatory and environmental pressures, supply chain disruptions, geopolitical risks, and affordability constraints for farmers.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Form |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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