Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Chemical Fertilizers Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
How Will the Chemical Fertilizers Market Grow Between 2024 and 2025?
The Chemical Fertilizers market has experienced substantial growth recently, expanding from $204.73 billion in 2024 to an estimated $216.52 billion in 2025. This growth trend is projected at a Compound Annual Growth Rate (CAGR) of 5.8%.
How Much Will the Chemical Fertilizers Market Be Worth in 2029?
By 2029, the market size for chemical fertilizers is projected to reach $278.94 billion, expanding at a compound annual growth rate (CAGR) of 6.5%.
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Which Chemical Fertilizers Market Drivers Are Linked to Revenue Growth?
The key Drivers in the chemical fertilizers market are:
• Increasing adoption of intensive farming techniques globally
• Utilization of heavy pesticides and chemical fertilizers to maximize yields
• Rising demand for food due to population growth
• Dependence on synthetic fertilizers from the practice of monoculture farming
Which Segments Are Expected to Grow in the Chemical Fertilizers Market?
The chemical fertilizersmarket covered in this report is segmented –
1) By Type: Nitrogen Fertilizer, Phosphate Fertilizer, Potash Fertilizer
2) By Crop Category: Cereals, Oilseeds, Vegetables, Fruits, Other Crop Categories
3) By Form: Solid, Liquid, Gaseous
4) By Product Type: Complex Fertilizers, DAP, MOP, Urea, SSP, Other Product Types
5) By Method of Application: Broadcasting, Drop Spreading, Fertigation, Foliar Spray
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What Are The Key Trends Impacting Growth In The Global Chemical Fertilizers Market?
The key trends in the chemical fertilizers market are:
• There is an increased focus on the development of advanced technological solutions in the chemical fertilizers market.
• The creation of water-soluble micronutrient and N-P-K fertilizers to address industry demands is a rising trend.
• Offering tailored, high-purity nutrients to meet specific crop needs is becoming increasingly popular.
• The significant trend involves optimizing solubility and compatibility of fertilizers with most herbicides to reduce plant stress.
Who Are the Key Competitors in the Global Chemical Fertilizers Market?
The key players in the chemical fertilizers market are:
• Sinopec Limited
• Yara International ASA (ADR)
• Guardian Industries LLC
• Nutrien Ltd
• Marubeni Corporation
• Mitsui & Co. Ltd.
• BASF SE
• CF Industries Holdings Inc
• Israel Corp Ltd
• Sinofert Holdings Limited
• Central Farmers Fertilizers Industries
• The Mosaic Company
• Haifa Group
• Indian Farmers Fertiliser Co-operative Limited (IFFCO)
• Oriental Chemicals Iimited
• Abu Qir Fertilizers and Chemicals
• Acron Group
• Intrepid Potash Inc.
• EuroChem Group AG
• Uralkali
• PhosAgro
• PotashCorp
• Agrium
• Kali und Salz (K+Z)
• Coromandel International Limited
• Gujarat State Fertilizers & Chemicals Ltd.
• Chambal Fertilisers and Chemicals Limited
• Rashtriya Chemicals & Fertilizers Ltd.
• Deepak Fertilisers and Petrochemicals Corporation Ltd.
• Zuari Agro Chemicals Ltd.
• National Fertilizers Limited
• Fertiberia
• Office Chérifien des Phosphates (OCP) Group
• Sociedad Química y Minera de ( SQM )
• Potash Ridge Corporation.
Where Is the Chemical Fertilizers Market Growing Fastest Between 2025 and 2029?
Asia-Pacific was the largest region in the chemical fertilizers market in 2024
