Chemical Fertilizers Market Share

APAC Market Forecast

The chemical fertilizers market in Asia Pacific is projected to hold the largest market share of 35% by the end of 2036, backed by the rising exports of agricultural and processed food products. From April to December 2022, the total export of APEDA products in India scaled from USD 17.5 billion over the same period of the previous fiscal to USD 19.7 billion. Moreover, the increasing farming activities and increasing production of vegetables and cereals in the region contributed to the market's growth.

North American Market Statistics

The chemical fertilizers market in North America is anticipated to grow at a significant rate owing to the region's large cultivation area. About 69.0% and 18.5% of all cropland in, the United States and Canada, respectively produce the most fertilizer in the area. Farmers were able to capitalize on the advantages of fertilizers thanks to current scientific and technological developments in the field.

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of chemical fertilizers is estimated at USD 189.19 Billion.

The chemical fertilizers market size was valued at USD 174.72 Billion in 2023 and is poised to cross USD 548.58 Billion by the end of 2036, expanding at more than 9.2% CAGR during the forecast period i.e., between 2024-2036. Government subsidies, surging population attributing for food production and availability in varied forms are some of the major growth factors for the market.

Asia Pacific industry is predicted to hold majority revenue share of 35% by 2036, driven by rising exports of agricultural and processed food products in the region.

Nutrien Ltd, The Mosaic Company, Uralkali, Yara International ASA, Haifa Negev technologies LTD, Israel Chemicals Ltd., EuroChem Group, OCP SA, Syngenta Crop Protection AG, K+S Aktiengesellschaft

Chemical Fertilizers Market Share