Urea Market Report 2026

The urea market size has grown steadily in recent years. It will grow from $48.95 billion in 2025 to $50.74 billion in 2026 at a compound annual growth rate (CAGR) of 3.7%. The growth in the historic period can be attributed to expansion of fertilizer consumption, growth of agricultural productivity initiatives, increasing use of urea in chemical manufacturing, availability of large-scale production facilities, rising global nitrogen demand.

The urea market size is expected to see steady growth in the next few years. It will grow to $59.19 billion in 2030 at a compound annual growth rate (CAGR) of 3.9%. The growth in the forecast period can be attributed to increasing demand for sustainable fertilizers, rising adoption of urea-based emission reduction solutions, expansion of industrial chemical applications, growing investments in efficient production technologies, increasing focus on controlled-release fertilizers. Major trends in the forecast period include increasing demand for high-purity urea products, rising adoption in industrial applications, growing use in emission control systems, expansion of granular and liquid urea forms, enhanced production efficiency optimization.

The expanding agriculture sector is expected to drive the growth of the urea market. Agriculture encompasses the cultivation of soil, crop production, and livestock management. Urea is a key agricultural fertilizer that enhances plant growth and increases crop yields by providing a readily available source of nitrogen. For example, in January 2025, the United States Department of Agriculture reported that sorghum grain production in 2024 reached an estimated 344 million bushels, an 8% increase compared to 2023. Therefore, the growth of the agriculture sector is propelling the urea market.

Leading companies in the urea market are forming strategic partnerships to help farmers achieve higher production in a sustainable and cost-effective manner. Strategic partnerships involve leveraging each partner’s strengths and resources to achieve mutual benefits and success. For instance, in September 2023, SABIC Agri-Nutrients Company, a Saudi Arabia-based fertilizer firm, partnered with ADM, a US-based food processing and commodities trading company, and BiOWiSH Technologies, a US-based environmental and agribusiness solutions provider. Together, they introduced biologically enhanced urea fertilizer with reduced greenhouse gas emissions, utilizing BiOWiSH technology to promote sustainability in agriculture. A 50,000-acre pilot project in the US Midwest during the 2023 growing season aimed to collect data on emission reductions, supporting SABIC AN’s goal of carbon neutrality by 2050 and advancing environmentally friendly practices in the urea market.

In September 2025, Adecoagro S.A., a Luxembourg-based agribusiness company, acquired a 50% stake in Profertil S.A. for approximately $600 million. This acquisition allows Adecoagro to strengthen and expand its presence in the global urea and nitrogen-fertilizer market by integrating one of South America’s most cost-efficient nitrogen producers, enhancing supply-chain control and production capacity. Profertil S.A., based in Argentina, produces granular urea and ammonia, supplying around 60% of the country’s urea consumption.

Major companies operating in the urea market are Yara International ASA, CF Industries Holdings, Inc., Nutrien Ltd., Koch Fertilizer, LLC, EuroChem Group AG, Haifa Chemicals Ltd., ICL Group Ltd., OCI N.V., Coromandel International Ltd., Mitsubishi Chemical Corporation, Urea India Ltd., Saudi Basic Industries Corporation (SABIC), Shandong Xinhua Chemical Co., Ltd., Shanxi Lanhua Sci-Tech Co., Ltd., Jiangsu Guotai International Group Co., Ltd., Fertilizer Corporation of India Ltd., Thai Agro Chemicals Co., Ltd., Rashtriya Chemicals and Fertilizers Ltd., Chambal Fertilisers and Chemicals Ltd., PT Pupuk Indonesia.

Asia-Pacific was the largest region in the urea market in 2025.South America is expected to be the fastest-growing region in the global urea market report during the forecast period. The regions covered in the urea market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the urea market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The urea market consists of sales of urea in the form of granules, prills and pellets. 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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