The international market for fertilizer was estimated at around US$ 199.82 billion in 2024. It is expected to expand at a compound annual growth rate (CAGR) of 3.80% during the period 2025-2033 and reach an estimated value of around US$2 279.52 billion in 2033.
Fertilizers are chemicals that give plants vital nutrients to improve their quality, growth, and output. They provide micronutrients like zinc, iron, and magnesium as well as essential elements like potassium (K), phosphorus (P), and nitrogen (N). Both organic (manure, compost, and biofertilizers) and chemical (synthetic) fertilizers can be used to increase plant productivity and soil fertility.
The growing demand for food worldwide as a result of population increase and shifting dietary habits is driving the fertilizer business. The demand for nutrient-rich fertilizers has increased due to the growing use of high-yield crop types and intensive farming techniques. Precision farming, soil testing, and intelligent fertilizers are examples of technological innovations that maximize nutrient delivery, increasing productivity and decreasing waste. Another factor driving market expansion in emerging economies is the expansion of cash crop production, such as cotton, sugarcane, and oilseeds. Adoption is further supported by government programs and subsidies that encourage the use of fertilizer in nations like China and India. Furthermore, the move to bio-based and sustainable fertilizers satisfies environmental standards while preserving soil fertility, setting up the market for consistent expansion on a worldwide scale.
Headquarters: Norway
With operations ranging from phosphate mining and ammonia production to building local market expertise and building relationships with customers, Yara International ASA (Yara) is a chemical producer company that produces and sells agricultural development and industrial products. Urea, compound fertilizer, calcium ammonium nitrate, nitric acid, phosphoric acid, and feed phosphates are among its product offerings; it also offers environmental solutions such as NOx abatement, odor control, and process solutions, as well as equipment and services for the storage and handling of the products. Yara operates production plants, terminals, and retail stores in Asia-Pacific, Africa, Europe, and the Americas.
Head Office: Germany
The minerals company K+S AG (K+S) deals in goods made of magnesium and potash. The company's primary activities involve the extraction and processing of mineral raw materials, such as salt and potash, for use in consumer, industrial, agricultural, and local markets. K+S sells a wide range of goods, including fertilizers, potassium chloride, plant nutrients, pharmaceutical salts, dietary supplement salts, and industrial goods. Among other brands, the corporation provides the items to customers under the names SALDORO, Cerebos, and AXAL. Additionally, it offers auxiliary services including granulation, recycling, logistics, trading in different basic chemicals, and the disposal and reuse of waste salt mines. Europe, North America, South America, Asia, Africa, and Oceania are all home to it.
Headquarters: United States
One of the top producers and marketers of nitrogen and hydrogen-based products worldwide, CF Industries Holdings Inc. finds use in fertilizers, emissions control, and other industrial processes. Ammonia, granular urea, urea ammonium nitrate (UAN), ammonium nitrate, diesel exhaust fluid (DEF), urea liquor, nitric acid, and aqua ammonia are among its products. Farmers, independent distributors, industrial users, and agricultural cooperatives are among its diverse clientele. CF Industries offers extensive market access and has distribution terminals in the United States, Canada, and the United Kingdom. Its main production sites are in Billingham, UK; Yazoo City, Mississippi; and Donaldsonville, Louisiana. From there, it exports nitrogen-based fertilizers to every country in the world.
Head Office: Poland
Grupa Azoty SA (Azoty) is a specialty chemical company. The firm conducts research and development, manufacturing, and sale of engineering plastics, semi-finished goods, catalysts, mineral fertilizers and chemicals. The firm supplies polyamides, pigments, catalysts, and plasticizers. The firm also provides sulfur products such as molten sulfur, prilled sulfur, tablets sulfur, and milled sulfur. Azoty's products are used to manufacture precision machine elements, pipe fittings, levers, bumpers, gear wheels, coils, paints, flooring, furniture, footwear, wallpaper, and roofing. Azoty provides electricity and heat to the group companies. The firm operates in Europe, Americas, and Asia.
Headquarters: Chile
SQM, or Sociedad Quimica y Minera de Chile SA, is a non-metallic product mining corporation. The business extracts minerals, processes them, and sells the finished goods to basic industries. In northern Chile, it mines and refines resources of caliche ore and brine. Potassium nitrate, iodine derivatives, lithium derivatives, potassium chloride, potassium sulfate, and certain industrial chemicals, such as solar salts and industrial nitrates, are among its product lines. SQM uses a global network of offices and distributing affiliates to market its goods. The business continues to operate in North America, Europe, Asia, and Central and South America.
BASF SE’s primary strength in the fertilizer market is its advanced research and development (R&D) capabilities and product innovation. The company leverages decades of chemical expertise to develop high-efficiency fertilizers, specialty nutrients, and crop protection solutions that improve yield and soil health. BASF’s strong global presence and integrated supply chain allow it to deliver consistent quality and innovative formulations tailored to regional agricultural needs. The company also invests in sustainable fertilizer technologies, including controlled-release and bio-based products, aligning with environmental regulations and farmer demand. This focus on innovation and technology provides BASF with a competitive advantage, strengthens customer trust, and supports long-term market leadership in both traditional and emerging fertilizer segments worldwide.
Opportunity: Expansion in Sustainable Fertilizers
BASF SE has a significant opportunity in expanding its portfolio of sustainable and eco-friendly fertilizers. Rising concerns over environmental pollution, soil degradation, and regulatory pressure are driving demand for low-emission, bio-based, and controlled-release fertilizers. BASF can leverage its R&D and chemical expertise to develop solutions that reduce nutrient loss, improve crop efficiency, and minimize ecological impact. Growth opportunities also exist in emerging markets such as Asia, Africa, and Latin America, where increasing population and food demand necessitate higher crop yields. Collaborations with agritech startups and government programs promoting sustainable agriculture can further enhance adoption. By focusing on innovation in sustainable fertilizers, BASF can strengthen its market position while addressing global environmental challenges and meeting evolving farmer and consumer expectations.
PhosAgro’s main strength in the fertilizer market is its extensive phosphate rock reserves and vertical integration. As one of the world’s leading phosphate fertilizer producers, PhosAgro controls mining, processing, and production, ensuring consistent quality and cost efficiency. This resource base allows the company to supply key products such as superphosphate, ammonium phosphate, and compound fertilizers to meet global agricultural demand. PhosAgro’s strong presence in Europe, Asia, and Latin America provides market stability and access to growing regions. Vertical integration enhances supply chain resilience, reduces dependency on third parties, and improves profitability. Combined with its technological expertise in fertilizer production, PhosAgro is well-positioned to maintain a competitive edge in the phosphate fertilizer market globally.
Opportunity: Growing Demand for Phosphate Fertilizers in Emerging Markets
PhosAgro has a significant opportunity in expanding phosphate fertilizer sales in emerging markets. Countries in Asia, Africa, and Latin America are experiencing population growth and increasing food demand, driving the need for higher crop yields and nutrient-rich soils. PhosAgro can leverage its high-quality phosphate products and efficient supply chain to cater to these markets. Additionally, government initiatives and subsidies promoting fertilizer use in developing regions provide favorable conditions for market growth. There is also potential in sustainable phosphate solutions that minimize environmental impact while maximizing crop efficiency. By focusing on emerging markets and sustainable practices, PhosAgro can expand its global footprint, increase revenue, and support agricultural development in regions with growing food security needs.
Fertilizers are chemicals that give plants vital nutrients to improve their quality, growth, and output. They provide micronutrients like zinc, iron, and magnesium as well as essential elements like potassium (K), phosphorus (P), and nitrogen (N). Both organic (manure, compost, and biofertilizers) and chemical (synthetic) fertilizers can be used to increase plant productivity and soil fertility.
The growing demand for food worldwide as a result of population increase and shifting dietary habits is driving the fertilizer business. The demand for nutrient-rich fertilizers has increased due to the growing use of high-yield crop types and intensive farming techniques. Precision farming, soil testing, and intelligent fertilizers are examples of technological innovations that maximize nutrient delivery, increasing productivity and decreasing waste. Another factor driving market expansion in emerging economies is the expansion of cash crop production, such as cotton, sugarcane, and oilseeds. Adoption is further supported by government programs and subsidies that encourage the use of fertilizer in nations like China and India. Furthermore, the move to bio-based and sustainable fertilizers satisfies environmental standards while preserving soil fertility, setting up the market for consistent expansion on a worldwide scale.
Top Companies in Global Fertilizer Industry
Yara International ASA
Founded: 1905Headquarters: Norway
With operations ranging from phosphate mining and ammonia production to building local market expertise and building relationships with customers, Yara International ASA (Yara) is a chemical producer company that produces and sells agricultural development and industrial products. Urea, compound fertilizer, calcium ammonium nitrate, nitric acid, phosphoric acid, and feed phosphates are among its product offerings; it also offers environmental solutions such as NOx abatement, odor control, and process solutions, as well as equipment and services for the storage and handling of the products. Yara operates production plants, terminals, and retail stores in Asia-Pacific, Africa, Europe, and the Americas.
K+S AG
Formation: 1889Head Office: Germany
The minerals company K+S AG (K+S) deals in goods made of magnesium and potash. The company's primary activities involve the extraction and processing of mineral raw materials, such as salt and potash, for use in consumer, industrial, agricultural, and local markets. K+S sells a wide range of goods, including fertilizers, potassium chloride, plant nutrients, pharmaceutical salts, dietary supplement salts, and industrial goods. Among other brands, the corporation provides the items to customers under the names SALDORO, Cerebos, and AXAL. Additionally, it offers auxiliary services including granulation, recycling, logistics, trading in different basic chemicals, and the disposal and reuse of waste salt mines. Europe, North America, South America, Asia, Africa, and Oceania are all home to it.
CF Industries Holdings
Founding: 1946Headquarters: United States
One of the top producers and marketers of nitrogen and hydrogen-based products worldwide, CF Industries Holdings Inc. finds use in fertilizers, emissions control, and other industrial processes. Ammonia, granular urea, urea ammonium nitrate (UAN), ammonium nitrate, diesel exhaust fluid (DEF), urea liquor, nitric acid, and aqua ammonia are among its products. Farmers, independent distributors, industrial users, and agricultural cooperatives are among its diverse clientele. CF Industries offers extensive market access and has distribution terminals in the United States, Canada, and the United Kingdom. Its main production sites are in Billingham, UK; Yazoo City, Mississippi; and Donaldsonville, Louisiana. From there, it exports nitrogen-based fertilizers to every country in the world.
GrupaAzoty S.A
Founding: 2001Head Office: Poland
Grupa Azoty SA (Azoty) is a specialty chemical company. The firm conducts research and development, manufacturing, and sale of engineering plastics, semi-finished goods, catalysts, mineral fertilizers and chemicals. The firm supplies polyamides, pigments, catalysts, and plasticizers. The firm also provides sulfur products such as molten sulfur, prilled sulfur, tablets sulfur, and milled sulfur. Azoty's products are used to manufacture precision machine elements, pipe fittings, levers, bumpers, gear wheels, coils, paints, flooring, furniture, footwear, wallpaper, and roofing. Azoty provides electricity and heat to the group companies. The firm operates in Europe, Americas, and Asia.
Sociedad Quimica y Minera de Chile SA
Founded: 1968Headquarters: Chile
SQM, or Sociedad Quimica y Minera de Chile SA, is a non-metallic product mining corporation. The business extracts minerals, processes them, and sells the finished goods to basic industries. In northern Chile, it mines and refines resources of caliche ore and brine. Potassium nitrate, iodine derivatives, lithium derivatives, potassium chloride, potassium sulfate, and certain industrial chemicals, such as solar salts and industrial nitrates, are among its product lines. SQM uses a global network of offices and distributing affiliates to market its goods. The business continues to operate in North America, Europe, Asia, and Central and South America.
SWOT Analysis of Fertilizer Market
BASF SE
Strength: Advanced R&D and Product InnovationBASF SE’s primary strength in the fertilizer market is its advanced research and development (R&D) capabilities and product innovation. The company leverages decades of chemical expertise to develop high-efficiency fertilizers, specialty nutrients, and crop protection solutions that improve yield and soil health. BASF’s strong global presence and integrated supply chain allow it to deliver consistent quality and innovative formulations tailored to regional agricultural needs. The company also invests in sustainable fertilizer technologies, including controlled-release and bio-based products, aligning with environmental regulations and farmer demand. This focus on innovation and technology provides BASF with a competitive advantage, strengthens customer trust, and supports long-term market leadership in both traditional and emerging fertilizer segments worldwide.
Opportunity: Expansion in Sustainable Fertilizers
BASF SE has a significant opportunity in expanding its portfolio of sustainable and eco-friendly fertilizers. Rising concerns over environmental pollution, soil degradation, and regulatory pressure are driving demand for low-emission, bio-based, and controlled-release fertilizers. BASF can leverage its R&D and chemical expertise to develop solutions that reduce nutrient loss, improve crop efficiency, and minimize ecological impact. Growth opportunities also exist in emerging markets such as Asia, Africa, and Latin America, where increasing population and food demand necessitate higher crop yields. Collaborations with agritech startups and government programs promoting sustainable agriculture can further enhance adoption. By focusing on innovation in sustainable fertilizers, BASF can strengthen its market position while addressing global environmental challenges and meeting evolving farmer and consumer expectations.
PhosAgro
Strength: Rich Phosphate Resource BasePhosAgro’s main strength in the fertilizer market is its extensive phosphate rock reserves and vertical integration. As one of the world’s leading phosphate fertilizer producers, PhosAgro controls mining, processing, and production, ensuring consistent quality and cost efficiency. This resource base allows the company to supply key products such as superphosphate, ammonium phosphate, and compound fertilizers to meet global agricultural demand. PhosAgro’s strong presence in Europe, Asia, and Latin America provides market stability and access to growing regions. Vertical integration enhances supply chain resilience, reduces dependency on third parties, and improves profitability. Combined with its technological expertise in fertilizer production, PhosAgro is well-positioned to maintain a competitive edge in the phosphate fertilizer market globally.
Opportunity: Growing Demand for Phosphate Fertilizers in Emerging Markets
PhosAgro has a significant opportunity in expanding phosphate fertilizer sales in emerging markets. Countries in Asia, Africa, and Latin America are experiencing population growth and increasing food demand, driving the need for higher crop yields and nutrient-rich soils. PhosAgro can leverage its high-quality phosphate products and efficient supply chain to cater to these markets. Additionally, government initiatives and subsidies promoting fertilizer use in developing regions provide favorable conditions for market growth. There is also potential in sustainable phosphate solutions that minimize environmental impact while maximizing crop efficiency. By focusing on emerging markets and sustainable practices, PhosAgro can expand its global footprint, increase revenue, and support agricultural development in regions with growing food security needs.
Sustainability Analysis of Fertilizer Market
The Mosaic Company
By incorporating environmental, social, and governance (ESG) concepts into its operations, The Mosaic Company has made important contributions to sustainability. Regarding the environment, Mosaic is putting plans in place to lower emissions throughout its international operations and hopes to reach net-zero greenhouse gas emissions in Florida by 2030 and company-wide by 2040. In its mining regions, the business prioritizes water conservation, freshwater optimization, and water quality improvement. By funding farmer-led projects that increase crop output while preserving soil and water resources, Mosaic also supports sustainable agriculture through the Mosaic Company Foundation for Sustainable Food Systems. Socially, it focuses on workforce safety, community engagement, and development programs in mining regions. In governance, Mosaic aligns its practices with the United Nations Sustainable Development Goals (SDGs), prioritizing clean water, climate action, and food security. By combining operational efficiency with environmental and social responsibility, Mosaic positions itself as a sustainable leader in the global fertilizer market.Recent Development in Fertilizer Industry
- In August 2024, ICL and the AMP Holdings Group signed a five-year, $170 million agreement for ICL to sell specialist water-soluble fertilizers in China. Drip irrigation will be used in the transaction, and high-value crops including apples and strawberries are among those targeted. The deal facilitates ICL's entry into the expanding fertilizer sector in China.
- Coromandel International introduced Paramfos Plus, a fertilizer reinforced with magnesium, in June 2024. It contains 16% nitrogen, 20% phosphorus, 13% sulfur, and 0 magnesium. It improves photosynthesis, increases productivity, and works well with a variety of crops, including horticulture plants, legumes, and cereals.
Fertilizer Market & Forecast
- Historical Trends
- Forecast Analysis
Market Share Analysis
Company Analysis
Overview
- Company History and Mission
- Business Model and Operations
- Workforce
Key Persons
- Executive Leadership
- Operational Management
- Division Leaders
- Board Composition
Recent Development & Strategies
- Mergers & Acquisitions
- Partnerships
- Investments
Sustainability Analysis
- Renewable Energy Adoption
- Energy-Efficient Infrastructure
- Use of Sustainable Packaging Materials
- Water Usage and Conservation Strategies
- Waste Management and Circular Economy Initiatives
Product Analysis
- Product Profile
- Quality Standards
- Product Pipeline
- Product Benchmarking
Strategic Assessment: SWOT Analysis
- Strengths
- Weaknesses
- Opportunities
- Threats
Revenue Analysis
The above information will be available for all the following companies:
- Yara International ASA
- K+S AG
- GrupaAzoty S.A
- ICL Group
- OCI NV
- Sociedad Quimica y Minera de Chile SA
- BASF SE
- PhosAgro
- Nutrien Ltd.
- The Mosaic Company
- Israel Chemicals Ltd. (ICL)
- EuroChem Group
- ICL Group Ltd.
- Coromandel International Ltd.
Table of Contents
1. Fertilizer Market1.1 Historical Trends
1.2 Forecast Analysis
2. Market Share Analysis
3. Yara International ASA
3.1 Overview
3.1.1 Company History and Mission
3.1.2 Business Model and Operations
3.1.3 Workforce
3.2 Key Persons
3.2.1 Executive Leadership
3.2.2 Operational Management
3.2.3 Division Leaders
3.2.4 Board Composition
3.3 Recent Development & Strategies
3.3.1 Mergers & Acquisitions
3.3.2 Partnerships
3.3.3 Investments
3.4 Sustainability Analysis
3.4.1 Renewable Energy Adoption
3.4.2 Energy-Efficient Infrastructure
3.4.3 Use of Sustainable Packaging Materials
3.4.4 Water Usage and Conservation Strategies
3.4.5 Waste Management and Circular Economy Initiatives
3.5 Product Analysis
3.5.1 Product Profile
3.5.2 Quality Standards
3.5.3 Product Pipeline
3.5.4 Product Benchmarking
3.6 Strategic Assessment: SWOT Analysis
3.6.1 Strengths
3.6.2 Weaknesses
3.6.3 Opportunities
3.6.4 Threats
3.7 Revenue Analysis
Companies Mentioned
- Yara International ASA
- K+S AG
- GrupaAzoty S.A
- ICL Group
- OCI NV
- Sociedad Quimica y Minera de Chile SA
- BASF SE
- PhosAgro
- Nutrien Ltd.
- The Mosaic Company
- Israel Chemicals Ltd. (ICL)
- EuroChem Group
- ICL Group Ltd.
- Coromandel International Ltd.
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | September 2025 |
| Forecast Period | 2024 - 2033 |
| Estimated Market Value ( USD | $ 199.82 Billion |
| Forecasted Market Value ( USD | $ 279.52 Billion |
| Compound Annual Growth Rate | 3.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 14 |
