Compound Fertilizer Market Report 2026

The compound fertilizer market size has grown strongly in recent years. It will grow from $9.66 billion in 2025 to $10.3 billion in 2026 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to expansion of commercial agriculture, rising use of chemical fertilizers, growth in cereal and cash crop cultivation, availability of multi-nutrient fertilizer formulations, increasing mechanization in farming.

The compound fertilizer market size is expected to see strong growth in the next few years. It will grow to $12.91 billion in 2030 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to increasing global food consumption, rising adoption of precision farming practices, expansion of sustainable nutrient management, growing focus on yield optimization, increasing investments in fertilizer production capacity. Major trends in the forecast period include increasing adoption of balanced nutrient fertilizers, rising demand for npk-based crop nutrition, growing use in high-yield farming systems, expansion of customized fertilizer blends, enhanced focus on soil fertility management.

The rising production of crops such as rice, wheat, and corn is expected to drive the growth of the compound fertilizer market. Crop production involves cultivating crops for both domestic and commercial purposes. Compound fertilizers are extensively used in crops like wheat, corn, rice, sorghum, fruits, and vegetables to ensure uniform distribution of micronutrients throughout the root zone, enhancing soil fertility and protecting the environment. For instance, in January 2024, the National Agricultural Statistics Service (NASS), a US-based government agency, reported that corn yields increased from 173.4 bushels per acre in 2022 to a record 177.3 bushels per acre in 2023, an increase of 3.9 bushels per acre. Therefore, the increased production of crops is boosting demand for compound fertilizers.

Key companies in the compound fertilizer market are developing water-soluble fertilizers to improve nutrient efficiency, enhance crop yields, and meet the growing demand for sustainable agricultural solutions. Water-soluble fertilizers deliver nutrients rapidly and efficiently to plants, promoting faster growth, higher yields, and reducing nutrient waste through precise application. For example, in June 2023, iGrow News ICL, an Israel-based specialty fertilizers company, launched a new line of water-soluble fertilizers in North America. These fertilizers are tailored to meet specific crop nutrient needs and can be applied easily through various irrigation systems, enhancing nutrient uptake and crop yield potential.

In April 2024, Mahadhan Agritech Limited (MAL), an India-based manufacturer of compound fertilizers such as NPK and complex fertilizers, partnered with Haifa Group to promote specialty fertilizers in India. The partnership aims to enhance crop productivity through precision and sustainable nutrition, supporting high-performance specialty and water-soluble fertilizers that improve crop quality, nutrient efficiency, and sustainable agriculture. Haifa Group is an Israel-based provider of specialty plant nutrients.

Major companies operating in the compound fertilizer market are Hanfeng Evergreen, Kingenta Ecological Engineering Co. Ltd., Luxi Chemical Group Co. Ltd., Stanley Fertilizer Co. Ltd., WengFu Group, Hubei Xinyangfeng Fertilizer Industry Co. Ltd., Yara International ASA, Sinochem Corporation, The Mosaic Company, K+S Aktiengesellschaft, ICL Group Ltd., Helena Agri-Enterprises LLC, Haifa Negev technologies ltd., Lebanon Seaboard Corporation, EuroChem Group AG, Nutrien Ltd., Wilbur-Ellis Company LLC, Sinofert Holdings Limited, OCP Group, PhosAgro, Agrium, Indian Farmers Fertiliser Co-operative Limited, Israel Chemicals Ltd., Sociedad Química y Minera, Uralkali.

Asia-Pacific was the largest region in the compound fertilizer market in 2025. The regions covered in the compound fertilizer market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the compound fertilizer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The compound fertilizer market consists of sales of ammonium nitrate, ammonium phosphate, granulation process and liquid fertilizer. 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.

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