Market Overview

According to fortune business insights, the global fertilizers market size was valued at USD 148.32 billion in 2025. The market is projected to grow from USD 152.66 billion in 2026 to USD 204.67 billion by 2034, exhibiting a CAGR of 3.73% during the forecast period. Asia Pacific dominated the global fertilizers market with a share of 52.32% in 2025.

The analysis shows that sustainability-focused innovation is reshaping the industry. For example, major producers such as Yara International, CF Industries, and Nutrien have launched pilot projects for green ammonia-based fertilizers. This trend indicates a global shift toward low-emission fertilizers to reduce the carbon footprint of agriculture.

Major Players Profiled in the Market Report:

• Nutrien Ltd. (Canada)
• Yara International ASA (Norway)
• The Mosaic Company (U.S.)
• CF Industries Holdings, Inc. (U.S.)
• ICL Group Ltd. (Israel)
• EuroChem Group AG (Switzerland)
• OCI N.V. (Netherlands)
• Haifa Chemicals Ltd. (Israel)
• Coromandel International Ltd. (India)
• OCP Group (Morocco)

Segments

High Efficiency to Propel Chemical Fertilizers Segment Growth

By type, the market is segmented into chemical fertilizers and bio-fertilizers. The chemical fertilizers segment holds the dominant market share (97.95% in 2026) owing to its high efficiency, immediate nutrient availability, and widespread use in large-scale agriculture.

Ease of Storage to Drive Dry Segment Expansion

Based on form, the market is categorized into dry and liquid. The dry segment is projected to lead the market (76.41% share in 2026) due to its ease of storage, blending flexibility, and cost-effectiveness, making it suitable for large-scale operations.

High Compatibility to Ensure Soil Treatment Segment Dominance