Fertilizers market size to increase by USD 27.19 million from 2022 to 2027: Rising demand for organic fertilizers to drive growth – Technavio

NEW YORK, May 11, 2023 /PRNewswire/ — The fertilizers market size is estimated to increase by USD 27.19 million from 2022 to 2027 at a CAGR of 2.52%, according to a recent market study by Technavio. This report also offers a 5-year historical (2017-2021) data projection of market size, segmentation, and region. Discover some insights on market size before buying the full report – Request a sample report

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak. The bargaining power of buyers & suppliers and the threat of new entrants, rivalry, and substitutes have also been analyzed and rated between LOW-HIGH to provide a holistic view of market favorability.

Find Technavio’s exclusive analysis of price sensitivity, adoption lifecycle, customer purchase basket, adoption rates, and purchase criteria

• One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage. 
• Another key aspect is price sensitivity drivers (purchases are undifferentiated, the purchase is a key cost to buyers, and quality is not important), which range between NEUTRAL and HIGH.
• Furthermore, market adoption rates for all regions have been covered.

The report also offers information on the criticality of inputs, R&D, CAPEX, technology, and products of 15 vendors listed below

• Bunge Ltd.
• CF Industries Holdings Inc.
• Coromandel International Ltd.
• EuroChem Group AG
• GUBRETAS
• Haifa Group.
• Israel Chemicals Ltd.
• Indian Farmers Fertiliser Cooperative Ltd.
• KS Aktiengesellschaft
• Nufarm Ltd.
• Nutrien Ltd.
• OCI NV
• OCP Group
• PhosAgro Group of Companies
• Sociedad Quimica y Minera de Chile SA
• Sumitomo Chemical Co. Ltd.
• Syngenta Crop Protection AG
• Unikeyterra Kimya Tarim
• Yara International ASA
• Zuari Agro Chemicals Ltd.

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Chart & data table on 5-year historic (2017-2021) market size, comparative analysis of segments, and y-o-y growth of fertilizers market

• The market is segmented by (inorganic and organic), application (agriculture, horticulture, and gardening), and geography (APAC, North America, Europe, South America, and Middle East and Africa)
• The inorganic segment will account for a significant share of market growth during the forecast period. Inorganic fertilizers are used to plant tissue or soil. They give plants the nutrients needed to grow. The need for improved soil nutrients, coupled with higher crop yields, is expected to increase the demand for fertilizers during the forecast period. With the rise in penetration of high-efficiency fertilizers, farmers will be able to use fertilizers more efficiently and safely. These factors will fuel the growth of the segment during the forecast period.

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Market dynamics

The rising demand for organic fertilizers is driving market growth. Organic fertilizers are safer for the environment, as they break down quickly and do not adversely affect surface and groundwater. In addition, they have a longer shelf life. They also improve soil structure and increase the ability of the soil to bind nutrients and water. Organic fertilizers are non-toxic, slow-release fertilizers and leave no residue on food. Therefore, they are recommended for non-freezing products. Changing the eating habits of consumers will contribute to the growth of the fertilizer industry. In addition, compliance with stringent regulations on the use of synthetic fertilizers would provide lucrative growth opportunities to market players. These factors will increase the demand for organic fertilizers during the forecast period.

High-efficiency fertilizers are gaining market traction, which is a key trend in the market. The rise in demand for food increases agricultural production, which, in turn, drives the use of fertilizers. The demand for micronutrients is expected to grow, as high soil efficiency is required to produce high-quality crops. The demand for vegetables and fruits is driving the demand for high-performance fertilizers. Moreover, governments of various countries provide subsidies for fertilizers. Vendors are also focusing on R&D activities to develop premium products. These factors will support market growth during the forecast period.

Health issues associated with fertilizers are challenging market growth. Fertilizers can be harmful to humans and pets if accidentally inhaled or consumed. Skin contact with such products can cause irritation or infection. Many commercially available synthetic or chemical-based fertilizers contain heavy metals, ammonium nitrate, potassium chloride, and cadmium. These chemicals enter the food chain through plants and can also contaminate groundwater. Ammonium nitrate is an important component of fertilizer mixtures. It is poisonous to the environment and humans. These factors may hinder the market growth during the forecast period.

Chart & data table on historical market size (2017-2021), historic industry size, & analysis of key vendors and countries

The market is segmented by region into APAC, North America, Europe, South America, and Middle East and Africa. An analysis of key leading countries has been included.

• APAC is estimated to account for 50% of the growth of the global market during the forecast period. The growth of the fertilizers market in the region is fueled by the rising demand for organic food, which is increasing along with per capita income. Australia, China, and India are known for exporting agricultural products such as cotton, sugarcane, fruits, vegetables, grains, and cotton. Moreover, there has been a shift in food preferences from a grain-based diet to a high protein-based diet. This will drive the demand for nitrogen-based liquid fertilizers to produce high-yield, protein-rich crops. These factors will drive the regional market’s growth during the forecast period.

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Related Reports:

The water soluble fertilizers market is estimated to grow at a CAGR of 5.69% between 2022 and 2027. The size of the market is forecasted to increase by USD 2.75 billion. This report extensively covers market segmentation by type (fertigation and foliar), application (nitrogenous, potassic, and phosphatic), and geography (Europe, North America, APAC, South America, and Middle East and Africa).

The nitrogenous fertilizer market is estimated to grow at a CAGR of 4.67% between 2022 and 2027. The size of the market is forecasted to increase by 32,994.82 thousand T. This report extensively covers market segmentation by type (liquid, dry, and others), product (urea, NPK, CAN and AN, DAP and MAP, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America).

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What are the key data covered in this fertilizers market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the fertilizers market between 2023 and 2027
• Precise estimation of the size of the fertilizers market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the fertilizers market across APAC, North America, Europe, South America, and Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of fertilizers market vendors

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Table of contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global fertilizers market 2017 – 2021 
• Exhibit 18: Historic Market Size – Data Table on Global fertilizers market 2017 – 2021 ($ billion)

• 4.2 Type Segment Analysis 2017 – 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 – 2021 ($ billion)

• 4.3 Application Segment Analysis 2017 – 2021 
• Exhibit 20: Historic Market Size – Application Segment 2017 – 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 – 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 – 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments
• Exhibit 30: Chart on Type – Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type – Market share 2022-2027 (%)

• 6.2 Comparison by Type
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Inorganic – Market size and forecast 2022-2027 
• Exhibit 34: Chart on Inorganic – Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Inorganic – Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Inorganic – Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Inorganic – Year-over-year growth 2022-2027 (%)

• 6.4 Organic – Market size and forecast 2022-2027 
• Exhibit 38: Chart on Organic – Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Organic – Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Organic – Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Organic – Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Type 
• Exhibit 42: Market opportunity by Type ($ billion)

7 Market Segmentation by Application

• 7.1 Market segments
• Exhibit 43: Chart on Application – Market share 2022-2027 (%)
• Exhibit 44: Data Table on Application – Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 45: Chart on Comparison by Application
• Exhibit 46: Data Table on Comparison by Application

• 7.3 Agriculture – Market size and forecast 2022-2027 
• Exhibit 47: Chart on Agriculture – Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Data Table on Agriculture – Market size and forecast 2022-2027 ($ billion)
• Exhibit 49: Chart on Agriculture – Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Agriculture – Year-over-year growth 2022-2027 (%)

• 7.4 Horticulture – Market size and forecast 2022-2027 
• Exhibit 51: Chart on Horticulture – Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Data Table on Horticulture – Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Chart on Horticulture – Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Horticulture – Year-over-year growth 2022-2027 (%)

• 7.5 Gardening – Market size and forecast 2022-2027 
• Exhibit 55: Chart on Gardening – Market size and forecast 2022-2027 ($ billion)
• Exhibit 56: Data Table on Gardening – Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Chart on Gardening – Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Gardening – Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Application 
• Exhibit 59: Market opportunity by Application ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 61: Chart on Market share by geography 2022-2027 (%)
• Exhibit 62: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 63: Chart on Geographic comparison
• Exhibit 64: Data Table on Geographic comparison

• 9.3 APAC – Market size and forecast 2022-2027 
• Exhibit 65: Chart on APAC – Market size and forecast 2022-2027 ($ billion)
• Exhibit 66: Data Table on APAC – Market size and forecast 2022-2027 ($ billion)
• Exhibit 67: Chart on APAC – Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on APAC – Year-over-year growth 2022-2027 (%)

• 9.4 North America – Market size and forecast 2022-2027 
• Exhibit 69: Chart on North America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 70: Data Table on North America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 71: Chart on North America – Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on North America – Year-over-year growth 2022-2027 (%)

• 9.5 Europe – Market size and forecast 2022-2027 
• Exhibit 73: Chart on Europe – Market size and forecast 2022-2027 ($ billion)
• Exhibit 74: Data Table on Europe – Market size and forecast 2022-2027 ($ billion)
• Exhibit 75: Chart on Europe – Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Europe – Year-over-year growth 2022-2027 (%)

• 9.6 South America – Market size and forecast 2022-2027 
• Exhibit 77: Chart on South America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 78: Data Table on South America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 79: Chart on South America – Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on South America – Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa – Market size and forecast 2022-2027 
• Exhibit 81: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
• Exhibit 82: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
• Exhibit 83: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

• 9.8 China – Market size and forecast 2022-2027 
• Exhibit 85: Chart on China – Market size and forecast 2022-2027 ($ billion)
• Exhibit 86: Data Table on China – Market size and forecast 2022-2027 ($ billion)
• Exhibit 87: Chart on China – Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on China – Year-over-year growth 2022-2027 (%)

• 9.9 US – Market size and forecast 2022-2027 
• Exhibit 89: Chart on US – Market size and forecast 2022-2027 ($ billion)
• Exhibit 90: Data Table on US – Market size and forecast 2022-2027 ($ billion)
• Exhibit 91: Chart on US – Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on US – Year-over-year growth 2022-2027 (%)

• 9.10 India – Market size and forecast 2022-2027 
• Exhibit 93: Chart on India – Market size and forecast 2022-2027 ($ billion)
• Exhibit 94: Data Table on India – Market size and forecast 2022-2027 ($ billion)
• Exhibit 95: Chart on India – Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on India – Year-over-year growth 2022-2027 (%)

• 9.11 Brazil – Market size and forecast 2022-2027 
• Exhibit 97: Chart on Brazil – Market size and forecast 2022-2027 ($ billion)
• Exhibit 98: Data Table on Brazil – Market size and forecast 2022-2027 ($ billion)
• Exhibit 99: Chart on Brazil – Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Brazil – Year-over-year growth 2022-2027 (%)

• 9.12 France – Market size and forecast 2022-2027 
• Exhibit 101: Chart on France – Market size and forecast 2022-2027 ($ billion)
• Exhibit 102: Data Table on France – Market size and forecast 2022-2027 ($ billion)
• Exhibit 103: Chart on France – Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on France – Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 105: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 106: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 107: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 108: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 109: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 110: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 111: Matrix on vendor position and classification

• 12.3 Bunge Ltd.
• Exhibit 112: Bunge Ltd. – Overview
• Exhibit 113: Bunge Ltd. – Business segments
• Exhibit 114: Bunge Ltd. – Key news
• Exhibit 115: Bunge Ltd. – Key offerings
• Exhibit 116: Bunge Ltd. – Segment focus

• 12.4 CF Industries Holdings Inc. 
• Exhibit 117: CF Industries Holdings Inc. – Overview
• Exhibit 118: CF Industries Holdings Inc. – Business segments
• Exhibit 119: CF Industries Holdings Inc. – Key news
• Exhibit 120: CF Industries Holdings Inc. – Key offerings
• Exhibit 121: CF Industries Holdings Inc. – Segment focus

• 12.5 EuroChem Group AG
• Exhibit 122: EuroChem Group AG – Overview
• Exhibit 123: EuroChem Group AG – Product / Service
• Exhibit 124: EuroChem Group AG – Key news
• Exhibit 125: EuroChem Group AG – Key offerings

• 12.6 GUBRETAS
• Exhibit 126: GUBRETAS – Overview
• Exhibit 127: GUBRETAS – Product / Service
• Exhibit 128: GUBRETAS – Key offerings

• 12.7 Haifa Group.
• Exhibit 129: Haifa Group. – Overview
• Exhibit 130: Haifa Group. – Product / Service
• Exhibit 131: Haifa Group. – Key offerings

• 12.8 Israel Chemicals Ltd. 
• Exhibit 132: Israel Chemicals Ltd. – Overview
• Exhibit 133: Israel Chemicals Ltd. – Business segments
• Exhibit 134: Israel Chemicals Ltd. – Key news
• Exhibit 135: Israel Chemicals Ltd. – Key offerings
• Exhibit 136: Israel Chemicals Ltd. – Segment focus

• 12.9 Indian Farmers Fertiliser Cooperative Ltd. 
• Exhibit 137: Indian Farmers Fertiliser Cooperative Ltd. – Overview
• Exhibit 138: Indian Farmers Fertiliser Cooperative Ltd. – Product / Service
• Exhibit 139: Indian Farmers Fertiliser Cooperative Ltd. – Key offerings

• 12.10 KS Aktiengesellschaft 
• Exhibit 140: KS Aktiengesellschaft – Overview
• Exhibit 141: KS Aktiengesellschaft – Business segments
• Exhibit 142: KS Aktiengesellschaft – Key offerings
• Exhibit 143: KS Aktiengesellschaft – Segment focus

• 12.11 Nutrien Ltd.
• Exhibit 144: Nutrien Ltd. – Overview
• Exhibit 145: Nutrien Ltd. – Business segments
• Exhibit 146: Nutrien Ltd. – Key news
• Exhibit 147: Nutrien Ltd. – Key offerings
• Exhibit 148: Nutrien Ltd. – Segment focus

• 12.12 PhosAgro Group of Companies 
• Exhibit 149: PhosAgro Group of Companies – Overview
• Exhibit 150: PhosAgro Group of Companies – Product / Service
• Exhibit 151: PhosAgro Group of Companies – Key offerings

• 12.13 Sociedad Quimica y Minera de Chile SA 
• Exhibit 152: Sociedad Quimica y Minera de Chile SA – Overview
• Exhibit 153: Sociedad Quimica y Minera de Chile SA – Business segments
• Exhibit 154: Sociedad Quimica y Minera de Chile SA – Key offerings
• Exhibit 155: Sociedad Quimica y Minera de Chile SA – Segment focus

• 12.14 Sumitomo Chemical Co. Ltd. 
• Exhibit 156: Sumitomo Chemical Co. Ltd. – Overview
• Exhibit 157: Sumitomo Chemical Co. Ltd. – Business segments
• Exhibit 158: Sumitomo Chemical Co. Ltd. – Key offerings
• Exhibit 159: Sumitomo Chemical Co. Ltd. – Segment focus

• 12.15 Syngenta Crop Protection AG 
• Exhibit 160: Syngenta Crop Protection AG – Overview
• Exhibit 161: Syngenta Crop Protection AG – Business segments
• Exhibit 162: Syngenta Crop Protection AG – Key offerings
• Exhibit 163: Syngenta Crop Protection AG – Segment focus

• 12.16 Unikeyterra Kimya Tarim 
• Exhibit 164: Unikeyterra Kimya Tarim – Overview
• Exhibit 165: Unikeyterra Kimya Tarim – Product / Service
• Exhibit 166: Unikeyterra Kimya Tarim – Key offerings

• 12.17 Yara International ASA. 
• Exhibit 167: Yara International ASA. – Overview
• Exhibit 168: Yara International ASA. – Business segments
• Exhibit 169: Yara International ASA. – Key news
• Exhibit 170: Yara International ASA. – Key offerings
• Exhibit 171: Yara International ASA. – Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 172: Inclusions checklist
• Exhibit 173: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 174: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 175: Research methodology
• Exhibit 176: Validation techniques employed for market sizing
• Exhibit 177: Information sources

• 13.5 List of abbreviations 
• Exhibit 178: List of abbreviations

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