The global fertilizers market, valued at USD 218.6 billion in 2024, is experiencing steady growth driven by increasing demand for higher crop yields and sustainable farming solutions. The expansion of this agricultural inputs sector is supported by strong consumption of nitrogen, phosphate, and potash-based fertilizers, alongside growing adoption of specialty and bio-based fertilizers. The Asia-Pacific region dominates the fertilizer market, accounting for nearly 42% of the total share, fueled by large-scale agricultural activities in India, China, and Southeast Asia, and backed by government subsidy programs. In North America, precision agriculture and controlled-release fertilizers are emphasized to improve soil efficiency, while Europe leads in sustainable fertilizer adoption, aligned with the EU Green Deal and stringent nutrient management regulations.
Fertilizers overview
Published by MMR Statistics Research Team, Updated