Fertilizer Industry Data Book Covers Nitrogenous, Potassic, Phosphatic, Foliar, Water-soluble & Biofertilizers Market, And Fertilizer Additives Markets.
The economic value generated by the fertilizer industry was estimated at approximately USD 200 billion in 2021 and is expected to expand at compounded annual growth rate (CAGR) of – 1.2% from 2022 to 2030.
The fertilizer industry database, compiled by Grand View Research, is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with an agricultural statistics e-book.
Nitrogenous fertilizer market Insights
The global nitrogenous fertilizer market size was valued at USD 57.2 billion in 2021 and is projected to register a compound annual growth rate (CAGR) of 5.7% in terms of revenue from 2022 to 2030.
The urea product segment accounted for the highest share of over 33% in terms of revenue in 2021. The nitrogenous fertilizer market growth is attributed to the presence of the higher amount of nitrogen and lower costs of urea. Urea is considered the most crucial nitrogenous fertilizer as the nitrogen content in it is very high that is 46%. Significant quantities of ammonia might get lost due to the urea volatilization caused by its rapid hydrolysis thereby forming ammonium carbonate.
The cereals & grains segment held the highest revenue share of over 44% in 2021. The growth is attributed to the maximum care required by cereals & grains crops for producing higher yields and generating higher profitability for the farmers and the overall agriculture industry. Products such as urea, ammonium nitrate, and anhydrous ammonia are chosen for cereals & grains as the quantity required for these products is lesser to ensure the adequate nitrogen supply needed for optimum growth of the plants.
Phosphate Fertilizer Market Insights
The global phosphate fertilizer market size was valued at USD 61.63 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.7% from 2022 to 2040.
The monoammonium phosphate segment accounted for the largest revenue share of around 31% in 2021. This is attributed to the low costs of MAP and the high level of phosphorous present in it. MAP is the most important phosphate fertilizer as it as it is a vital source of nitrogen and phosphorus. In agricultural applications, it has been used as an important granular fertilizer.
The cereals & grains application accounted for the largest revenue share of around 46% in 2021. The growth is attributed to the increasing demand for major cereals & grains worldwide on account of the growing population has led to high demand for phosphorous fertilizers across all developing as well as emerging agrarian economies of the world.
Access the Global Fertilizer Industry Data Book, 2022 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competition benchmarking, macro-environmental analyses, and regulatory & technological framework studies
Biofertilizers Market Insights
The global biofertilizers market size was valued at USD 1.0 billion in 2019 and is anticipated to witness a compound annual growth rate (CAGR) of 12.8% from 2020 to 2027.
In terms of volume, nitrogen-fixing biofertilizers dominated the market with a share of 71.2% in 2019. This high share is attributable to correction of heavily contaminated soil and water reserves caused by the usage of synthetic fertilizers for decades globally. Plant growth demands high phosphorus content in the soil, fixed nitrogen presence, and several other essential minerals in the soil, which are sufficed by the utilization of biobased fertilizers.
The cereals and grains segment held the largest volume share of 76.4% in 2019. Cereals and grains production demand a substantial quantity of biofertilizer for healthy development. Studies conducted worldwide indicated that cereal and grain crops reflected high development and growth with Azotobacter inoculation which aided in reducing nitrogen requirement by crops.
In terms of volume, seed treatment application dominated the market with a share of 73.2% in 2019, majorly driven by the benefits of induced nutritional values in the seeds. Aggressive consumption of synthetic fertilizers and a multitude of other crop care chemicals such as pesticides and insecticides over the past couple of years have led to a substantial deterioration in soil quality across all major agrarian economies.
Water Soluble Fertilizer Market Insights
The global water soluble fertilizer market size was valued at USD 12.5 billion in 2015 and is expected to register a CAGR of 6.5% in terms of revenue over the forecast period.
Nitrogenous was the dominant segment in 2015 and accounted for 60.5% of the global volume that year. The segment is expected to witness steady growth on account of high application in oilseeds and grains. The product provides better texture and color to plants and also increases overall crop productivity.
Fertigation was the largest segment in the water soluble fertilizer market in 2015 and accounted for over 65.0% of the global revenue. This segment is expected to show high gains over the course of the forecast period owing to high crop productivity and lower labor cost involved in the process.
On the basis of crop type, the global market has been segmented into horticulture, field, turf and ornamental, and plantation. Field crops accounted for 64.9% of the overall volume in 2015 as they are cultivated on a large scale in order to meet food requirements.
Fertilizer Additive Market Insights
The global fertilizer additives market size was estimated at USD 3.25 billion in 2019 and is expected to grow at a CAGR of 3.1% over the forecast period.
Anti-caking, anti-dusting, corrosion inhibitors, and anti-coating are some of the major functions of the product. The anti-caking function dominated the fertilizer additives market in 2018 as it is observed to be particularly important during monsoon. This is due to the fact that flakes are formed when they are stored during the monsoon season. Safe storage and the transportation of fertilizers is possible by using additives.
The end-product segment was dominated by urea in 2018. Urea is readily available and can be easily synthesized, making it the most commonly used nitrogenous fertilizer. Urea market is expected to witness growing demand from emerging countries such as India and Brazil. It is characterized by high nitrogen content, which has made it a popular option among farmers.
Fertilizer Market – Global Industry Segmentation
Phosphate Fertilizers Market - Segment Analysis, by Product, 2017 – 2030
- Monoammonium Phosphate (MAP)
- Diammonium Phosphate (DAP)
- Single Superphosphate (SSP)
- Triple Superphosphate (TSP)
- Others
Phosphate Fertilizers Market - Segment Analysis, by Application, 2017 – 2030
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- Others
Nitrogenous Fertilizers Market - Segment Analysis, by Product, 2017 – 2030
- Urea
- Methylene Urea
- Ammonium Nitrate
- Ammonium Sulfate
- Ammonia
- Calcium Ammonium Nitrate
- Others
Nitrogenous Fertilizers Market - Segment Analysis, by Application, 2017 – 2030
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- Others
Potassic Fertilizers Market - Segment Analysis, by Product, 2017 – 2030
- Muriate of Potash (MOP)
- Sulfate of Potash (SOP)
- Others
Potassic Fertilizers Market - Segment Analysis, by Application, 2017 – 2030
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- Others
Foliar Fertilizers Market - Segment Analysis, by Product, 2017 – 2030
- Algae-based
- Humic Acid-based
- Mix of Nutrients
- Other Bio-stimulant
- Single Nutrient Foliar Fertilizers
Foliar Fertilizers Market - Segment Analysis, by Application, 2017 – 2030
- Horticulture Openfield
- Horticulture Greenhouse
- Field Crops
- Turf & Ornamental
- Others
Biofertilizers Market - Segment Analysis, by Product, 2017 – 2030
- Nitrogen Fixing
- Phosphate Solubilizing
- Others
Biofertilizers Market - Segment Analysis, by Application, 2017 – 2030
- Seed Treatment
- Soil Treatment
Water-soluble Fertilizers Market - Segment Analysis, by Product, 2017 – 2030
- Nitrogenous
- Phosphorous
- Potassium
- Micronutrients
- Secondary Nutrients
Water-soluble Fertilizers Market - Segment Analysis, by Application, 2017 – 2030
- Fertigation
- Foliar
Water-soluble Fertilizers Market - Segment Analysis, by Crop Type, 2017 – 2030
- Field
- Horticultural
- Plantation
- Turf & Ornamental
Fertilizer Additives Market - Segment Analysis, by Function, 2017 – 2030
- Corrosion Inhibitors
- Hydrophobic Agents
- Anti-dusting Agents
- Anti-caking Agent
- Slow-release Coatings
- Others
Fertilizer Additives Market - Segment Analysis, by Product, 2017 – 2030
- Urea
- Ammonium Nitrate
- Ammonium Phosphate
- Ammonium Sulphate
- Others
Order your copy of the Free Sample of “Fertilizer Industry Data Book - Nitrogenous, Potassic, Phosphatic, Foliar, Water-soluble & Biofertilizers Market, And Fertilizer Additives Market Size, Share, Trends Analysis And Segment Forecasts, 2022 - 2030” Data Book, published by Grand View Research
Fertilizer Industry Data Book Regional Outlook
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Russia
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Australia
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa (MEA)
- South Africa
- United Arab Emirates
- Saudi Arabia
Fertilizer Industry Data Book Competitive Landscape
Fertilizer markets across the globe returned to making profits in Q2 2022. This is followed by a supply squeeze of essential crop nutrients in the wake of the Russian invasion of Ukraine.
Key players operating in the fertilizer industry are –
- Nutrien
- Mosaic Co.
- CF Industries
Go through the table of content of Fertilizer Industry Data Book to get a better understanding of the Coverage & Scope of the study
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