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市場調查報告書
商品編碼
1451359
2024-2032 年按產品類型、產品、產品形式、作物類型和地區分類的肥料市場報告Fertilizer Market Report by Product Type, Product, Product Form, Crop Type, and Region 2024-2032 |
2023年全球化肥市場規模達到1,764億美元。展望未來, IMARC Group預計到2032年市場規模將達到2,369億美元,2024-2032年複合年成長率(CAGR)為3.2%。人口的快速成長、糧食需求的激增、新興市場的經濟發展、收入水平的提高、政府政策和補貼、研發活動的增加以及農業技術的快速進步是支持市場成長的一些因素。
肥料是重要的農業投入品,可提高土壤肥力並促進植物健康生長。它是由天然和合成成分透過受精過程配製而成。在施肥過程中,氮、磷和鉀等必需營養素以精確的比例組合,形成平衡的配方。它們具有多種優勢,包括提高作物產量、提高農產品的營養含量以及高效的資源利用。肥料有兩種主要類型:有機肥料和無機肥料(合成肥料)。有機肥料源自動物糞便、堆肥和植物殘體等自然資源。相較之下,合成肥料是透過化學方法製造的,可以實現精確的營養成分。
全球化肥料市場受到人口快速成長的影響,人口成長增加了對糧食的需求,從而推動了對化肥的需求,以提高農業生產力。此外,經濟發展和收入水準的提高刺激了化肥消費的增加,以提高作物產量,這支撐了市場的成長。此外,政府政策和補貼對肥料的使用和生產產生積極影響,從而推動了市場的成長。此外,農業技術和精準農業實踐的進步鼓勵肥料的高效利用,從而促進市場成長。與此一致的是,氣候變遷的加劇及其對作物模式和土壤條件的影響增加了特定肥料的使用,進一步促進了市場成長。
人口成長和糧食需求增加
全球人口的快速成長是化肥市場的重要推手。隨著地球上人口的增加,對食物的需求也隨之增加。為了滿足日益成長的糧食需求,農民努力提高農業生產力和農作物產量。肥料在這方面發揮著至關重要的作用,因為它們為土壤提供必需的養分,促進植物更健康的生長並最大限度地提高收成。隨著全球人口的迅速成長,農業部門面臨著利用有限的耕地生產更多糧食的挑戰。因此,對化學肥料的需求持續激增,以提高作物生產力並確保糧食安全。
經濟發展和收入水準提高
新興市場的經濟發展和收入增加對化肥消費有直接影響。隨著經濟的成長,生活水準的提高,導致飲食習慣的改變和多樣化食品的消費增加。這種飲食模式的轉變,例如肉類消費量的增加,需要大量的動物飼料,這反過來又推動了對原料種植所用肥料的需求。此外,收入的增加使農民能夠投資於現代農業實踐,包括化肥的使用,以提高作物產量並改善產品品質。新興市場的經濟轉型推動了全球化肥市場的成長。
政府政策及補貼
政府政策和補貼對化肥市場影響很大。許多國家實施農業政策來支持和激勵農民,進而提高農業生產力。這些政策包括化肥補貼,使農民更容易負擔和獲得化學肥料。此外,政府提倡採用特定肥料來解決特定的農業挑戰或環境問題。相反,政府政策的變化,例如減少或取消化肥補貼,可能會影響需求和獲利能力,從而對化肥市場產生不利影響。政府法規和補貼之間的相互作用可以影響區域和全球範圍內化肥的使用和生產。
The global fertilizer market size reached US$ 176.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 236.9 Billion by 2032, exhibiting a growth rate (CAGR) of 3.2% during 2024-2032. The burgeoning population expansion, surging food demand, economic development in emerging markets, rising income levels, government policies and subsidies, rising research and development (R&D) activities, and rapid advancements in agricultural technology are some of the factors supporting the market growth.
Fertilizer is a vital agricultural input that enhances soil fertility and promotes healthy plant growth. It is formulated from natural and synthetic components through a process known as fertilization. During fertilization, essential nutrients, such as nitrogen, phosphorus, and potassium, are combined in precise ratios to create balanced formulas. They offer several advantages, including increased crop yields, improved nutrient content in produce, and efficient resource utilization. There are two primary types of fertilizers: organic and inorganic (synthetic). Organic fertilizers are derived from natural sources like animal manure, compost, and plant residues. In contrast, synthetic fertilizers are manufactured chemically, allowing for precise nutrient composition.
The global fertilizer market is influenced by burgeoning population growth, which has increased the demand for food and subsequently driven the demand for fertilizers to enhance agricultural productivity. Moreover, economic development and rising incomes levels stimulate higher consumption of fertilizers for improved crop yields, which is supporting the market growth. Additionally, government policies and subsidies positively impact fertilizer usage and production, which is fueling the market growth. Furthermore, advancements in agricultural technology and precision farming practices encourage efficient fertilizer utilization, which, in turn, is boosting the market growth. In line with this, the surging climate change and its impact on crop patterns and soil conditions has increased the adoption of specific fertilizers, further facilitating the market growth.
Population growth and increased food demand
The rapid growth of the global population has been a significant driver in the fertilizer market. As more people inhabit the planet, the demand for food rises accordingly. To meet the increasing food needs, farmers strive to enhance agricultural productivity and crop yields. Fertilizers play a crucial role in this context, as they provide essential nutrients to the soil, promoting healthier plant growth and maximizing harvests. With a burgeoning global population, the agricultural sector faces the challenge of producing more food using limited arable land. As a result, the demand for fertilizers continues to surge to boost crop productivity and ensure food security.
Economic development and rising incomes levels
Economic development and rising incomes in emerging markets have a direct impact on fertilizer consumption. As economies grow, the standard of living improves, leading to changes in dietary habits and increased consumption of diverse food products. This shift in dietary patterns, such as higher meat consumption, necessitates larger quantities of animal feed, which in turn, drives the demand for fertilizers used in feedstock cultivation. Moreover, rising incomes enable farmers to invest in modern agricultural practices, including the use of fertilizers, to enhance crop yields and improve the quality of their produce. This economic transformation in emerging markets fuels the growth of the global fertilizer market.
Government policies and subsidies
Government policies and subsidies significantly influence the fertilizer market. Many countries implement agricultural policies to support and incentivize farmers, thereby boosting agricultural productivity. These policies include subsidies on fertilizers, making them more affordable and accessible to farmers. Additionally, governments promote the adoption of specific fertilizers to address specific agricultural challenges or environmental concerns. Conversely, changes in government policies, such as the reduction or elimination of fertilizer subsidies, can have adverse effects on the fertilizer market by impacting demand and profitability. The interplay between government regulations and subsidies can shape the usage and production of fertilizers on a regional and global scale.
IMARC Group provides an analysis of the key trends in each segment of the global fertilizer market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on product type, product, product form and crop type.
Chemical Fertilizer
Biofertilizers
Chemical fertilizer dominates the market
The report has provided a detailed breakup and analysis of the market based on the product type. This includes chemical fertilizer and biofertilizers. According to the report, chemical fertilizer represented the largest segment.
The chemical fertilizer segment is experiencing substantial growth, primarily due to the increasing global population, which has heightened the demand for food, compelling farmers to adopt modern agricultural practices to maximize crop yields. Chemical fertilizers play a pivotal role in enhancing soil fertility and providing essential nutrients to plants, thereby improving agricultural productivity. Additionally, advancements in agricultural technology and precision farming practices have resulted in more efficient utilization of chemical fertilizers. In line with this, environmental concerns have prompted the development of eco-friendly and sustainable chemical fertilizers. Manufacturers are focusing on producing formulations that minimize environmental impact while maintaining agricultural productivity. Moreover, government support through policies and subsidies for the agricultural sector has encouraged the adoption of chemical fertilizers among farmers, boosting market growth. Furthermore, ongoing efforts to address climate change and its impact on crop patterns and soil conditions have stimulated research and innovation in chemical fertilizers, driving the market towards more climate-resilient solutions.
Straight Fertilizers
Nitrogenous Fertilizers
Urea
Calcium Ammonium Nitrate
Ammonium Nitrate
Ammonium Sulfate
Anhydrous Ammonia
Others
Phosphatic Fertilizers
Mono-Ammonium Phosphate (MAP)
Di-Ammonium Phosphate (DAP)
Single Super Phosphate (SSP)
Triple Super Phosphate (TSP)
Others
Potash Fertilizers
Muriate of Potash (MoP)
Sulfate of Potash (SoP)
Secondary Macronutrient Fertilizers
Calcium Fertilizers
Magnesium Fertilizers
Sulfur Fertilizers
Micronutrient Fertilizers
Zinc
Manganese
Copper
Iron
Boron
Molybdenum
Others
Complex Fertilizers
Straight fertilizers hold the largest share in the market
A detailed breakup and analysis of the market based on the product has also been provided in the report. This includes straight fertilizers [nitrogenous fertilizers (urea, calcium ammonium nitrate, ammonium nitrate, ammonium sulfate, anhydrous ammonia, and others); phosphatic fertilizers (mono-ammonium phosphate (MAP), di-ammonium phosphate (DAP), single super phosphate (SSP), triple super phosphate (TSP), and others); potash fertilizers (muriate of potash (MoP) and sulfate of potash (SoP)); secondary macronutrient fertilizers (calcium fertilizers, magnesium fertilizers, and sulfur fertilizers); and micronutrient fertilizers (zinc, manganese, copper, iron, boron, molybdenum, and others)] and complex fertilizers. According to the report, straight fertilizers represented the largest segment.
The straight fertilizers segment is experiencing notable growth due to the increasing global population and subsequent rise in food demand, which have put immense pressure on the agricultural sector to enhance crop productivity. Straight fertilizers, such as nitrogen-based fertilizers, provide essential nutrients directly to the soil, promoting vigorous plant growth and higher yields. This is further bolstered by the growing adoption of modern agricultural practices, including precision farming, which has driven the demand for straight fertilizers. Furthermore, government initiatives and subsidies aimed at supporting agriculture have bolstered the usage of straight fertilizers among farmers. Additionally, the expansion of agricultural land and the cultivation of high-value cash crops are acting as other growth-inducing factors. Apart from this, advancements in fertilizer production technologies and innovations in product formulations have increased their efficacy and appeal to farmers. In line with this, rising awareness about the role of straight fertilizers in ensuring food security and sustainable agriculture has contributed to their growth.
Dry
Liquid
Dry dominates the market
The report has provided a detailed breakup and analysis of the market based on the product form. This includes dry and liquid. According to the report, dry represented the largest segment.
The growth of the dry segment in the fertilizer market can be attributed to the umpteen advantages dry fertilizers offer in terms of storage and transportation efficiency. Their low moisture content reduces the risk of caking and ensures a longer shelf life, making them easier to handle and store for extended periods. Additionally, dry fertilizers are more cost-effective compared to liquid or organic alternatives, appealing to farmers aiming for higher cost efficiencies in their agricultural practices. Moreover, the increasing adoption of precision agriculture techniques has spurred the demand for dry fertilizers. These techniques require accurate and controlled application of fertilizers, and dry formulations allow for better precision in distribution. Furthermore, the rising popularity of conservation tillage practices, where fertilizers are applied directly to the soil surface, aligns well with the use of dry fertilizers, promoting their growth. Besides this, environmental considerations play a crucial role in driving the demand for dry fertilizers. These formulations often exhibit reduced leaching and volatilization, leading to a lower environmental impact.
Grains and Cereals
Pulses and Oilseeds
Fruits and Vegetables
Flowers and Ornamentals
Others
Grains and cereals hold the largest share in the market
A detailed breakup and analysis of the market based on the crop type has also been provided in the report. This includes grains and cereals, pulses and oilseeds, fruits and vegetables, flowers and ornamentals, and others. As per the report, grains and cereals represented the largest segment.
The grains and cereals segment are experiencing significant growth, driven by the ever-increasing global population that have fueled the demand for staple food crops like grains and cereals. Furthermore, changing dietary patterns and preferences, especially in emerging markets, are propelling the consumption of grains and cereals. Moreover, advancements in agricultural technology have significantly enhanced productivity in the grains and cereals sector. Precision farming techniques, genetically modified crops, and improved irrigation methods all contribute to increased yields and better overall output. In line with this, growing awareness of the nutritional benefits of grains and cereals has led to increased consumption. These crops are often rich in essential nutrients and play a vital role in combating malnutrition and promoting a healthy diet. Additionally, government policies and subsidies that support farmers in the production of grains and cereals have bolstered the industry's growth.
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Asia Pacific exhibits a clear dominance, accounting for the largest fertilizer market share
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share.
Asia Pacific dominates the global fertilizer market due to the region's vast and diverse agricultural landscape, coupled with a large population. Additionally, the presence of major agricultural economies, such as China and India, plays a pivotal role in fueling fertilizer consumption. Moreover, favorable government policies and initiatives and the adoption of advanced agricultural technologies and practices, including precision farming and the use of innovative fertilizers, contributes to enhanced productivity in the region. Furthermore, Asia Pacific's position as a major fertilizer manufacturer and exporter strengthens its dominance in the global market. The region's competitive advantage in production capabilities and cost efficiency allows it to cater to both domestic and international demand, bolstering its market share. In line with this, the region's increasing awareness of sustainable agriculture and environmental concerns has led to the development and adoption of eco-friendly fertilizers, further propelling its leadership in the global fertilizer market.
The competitive landscape of the global fertilizer market is characterized by intense rivalry and a diverse array of players vying for market share. As one of the most crucial industries in agriculture, numerous companies, both large conglomerates and specialized firms, participate in this highly dynamic sector. These players compete based on factors such as product range, quality, pricing strategies, distribution networks, and innovative solutions. Market leaders focus on establishing themselves as thought leaders and experts in the domain of market research and consulting services to differentiate themselves from competitors.
Moreover, companies constantly strive to enhance their product offerings to cater to the evolving needs of farmers and agricultural stakeholders. They also invest significantly in research and development to introduce sustainable and eco-friendly fertilizers, aligning with the growing environmental concerns. As the global population continues to grow, and food security becomes a critical challenge, the competition within the fertilizer market is expected to intensify, compelling companies to innovate, collaborate, and adapt swiftly to maintain a competitive edge in this ever-evolving industry.
CF Industries
Haifa Group
Indian Farmers Fertiliser Co-operative Limited (IFFCO)
Israel Chemicals Ltd. (ICL)
Nutrien Limited
Sociedad Quimica y Minera (SQM)
The Mosaic Company
Uralkali
Yara International
In September 2021, Yara acquired Finish Colan as a strategic move to expand its organic fertilizer business, thereby illustrating the company's dedication to strengthening its presence in the organic fertilizer industry.
In May 2023, Bunge Limited and Nutrien Ag Solutions announced a strategic alliance and commercial agreement to support US farmers in the implementation of sustainable farming practices to help increase the development of lower carbon products.
In August 2023, SimpliiGood teamed up with Haifa Group to optimize the Israeli food tech innovator's spirulina supply chain.