Chemical Fertilizers Market Report 2026

The chemical fertilizers market size has grown strongly in recent years. It will grow from $216.52 billion in 2025 to $229.49 billion in 2026 at a compound annual growth rate (CAGR) of 6%. The growth in the historic period can be attributed to population growth driven food demand, expansion of commercial farming, government fertilizer subsidies, limited arable land availability, widespread use of urea and dap.

The chemical fertilizers market size is expected to see strong growth in the next few years. It will grow to $299.69 billion in 2030 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to rising adoption of precision agriculture, increasing focus on soil health management, growth of high value crops, innovation in controlled release fertilizers, stricter nutrient usage regulations. Major trends in the forecast period include increasing adoption of high efficiency fertilizers, growing demand for balanced nutrient application, expansion of fertigation techniques, rising focus on crop yield maximization, shift toward customized fertilizer blends.

The adoption of precision agriculture technologies is anticipated to drive the growth of the chemical fertilizer market in the coming years. Precision agriculture technologies involve the use of data-driven tools and practices to enhance crop and livestock production, resulting in greater efficiency and sustainability. These technologies rely on real-time data to apply fertilizers precisely where and when they are most needed, reducing waste and optimizing nutrient delivery. Chemical fertilizers complement precision agriculture by enabling targeted nutrient application, boosting crop yield and efficiency while reducing environmental impact through data-informed approaches and site-specific management. For example, in January 2024, the Government Accountability Office, a US-based government agency, reported that 27% of farms and ranches in the U.S. adopted precision agriculture practices for crop and livestock management in 2023. Consequently, the adoption of precision agriculture technologies is fueling the growth of the chemical fertilizer market.

Major players in the chemical fertilizers market are prioritizing the development of technologically advanced solutions, such as water-soluble micronutrients and N-P-K fertilizers, to address critical industry demands. These water-soluble fertilizers dissolve in water for easy application, providing essential nutrients that enhance plant health and boost crop yields. For example, in June 2023, ICL, an Israel-based manufacturing company, introduced a range of water-soluble micronutrient and N-P-K fertilizers. The products - Nova FINISH, Nova PULSE, Nova ELEVATE, and Nova FLOW - are designed for foliar and fertigation applications, delivering high-purity nutrients tailored to the specific needs of crops. These fertilizers maximize solubility and are compatible with most herbicides, helping to address nutrient deficiencies and minimize plant stress. Jason Haegele, ICL's North American Agronomy Lead, emphasized the importance of these solutions for growers confronting unique crop nutrition challenges.

In December 2024, Coromandel International Ltd., an India-based manufacturer specializing in phosphatic fertilizers, partnered with the International Fertilizer Development Center (IFDC) to develop next-generation, environmentally sustainable fertilizers. Through this collaboration, Coromandel aims to create nutrient-efficient and eco-friendly fertilizers tailored to Indian soils and crops by combining IFDC’s global research expertise with Coromandel’s infrastructure and market presence, thereby accelerating the development and adoption of advanced fertilizer solutions. The International Fertilizer Development Center is a US-based non-profit organization focused on fertilizer research and technology deployment to enhance agricultural productivity and sustainability worldwide.

Major companies operating in the chemical fertilizers market are Yara International ASA, Nutrien Ltd., CF Industries Holdings, Inc., The Mosaic Company, Israel Corporation Ltd., Sinofert Holdings Limited, Indian Farmers Fertiliser Cooperative Limited, Abu Qir Fertilizers and Chemicals Industries Company, Acron Group, Intrepid Potash, Inc., EuroChem Group AG, Uralkali PJSC, PhosAgro PJSC, Potash Corporation of Saskatchewan Inc., Agrium Inc., K+S Aktiengesellschaft, Coromandel International Limited, Gujarat State Fertilizers & Chemicals Limited, Chambal Fertilisers and Chemicals Limited, Rashtriya Chemicals & Fertilizers Limited, Deepak Fertilisers and Petrochemicals Corporation Limited, Zuari Agro Chemicals Limited, National Fertilizers Limited, Fertiberia, S.A., OCP Group, Sociedad Química y Minera de Chile S.A.

Asia-Pacific was the largest region in the chemical fertilizers market in 2025. North America was the second-largest region in the chemical fertilizers market. The regions covered in the chemical fertilizers market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the chemical fertilizers market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The chemical fertilizer market consists of the sales of phosphorus fertilizers, calcium, magnesium and sulphur fertilizers, micronutrient fertilizers, and Inhibitors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 1-3 business days.