Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Chemical Fertilizers Market size was over USD 190.97 billion in 2024 and is projected to reach USD 606.77 billion by 2037, witnessing around 9.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of chemical fertilizers is evaluated at USD 220.44 billion.
The market for chemical fertilizers is estimated to expand since there is a growing demand to maximize production and yield with conventional farming practices. The need for chemical fertilizers in the farming sector has been propelled by the enormous desire for cost-effective, sustainable farming practices.
Many governments provide subsidies and incentives to promote agriculture and food production. These policies can stimulate demand for chemical fertilizers among farmers. For instance, the US federal government paid farms USD 28.5 billion in direct agriculture program payments or subsidies in 2021.
