Market overview
The global fertilizers market is worth USD 195 bn in 2026 and is forecast to reach USD 267 bn by 2036, growing at a 3.2% CAGR. China is the largest country market and Nitrogen is the largest by nutrient segment.
| Scope | Mineral and synthetic fertilizers sold to farmers and distributors: nitrogen, phosphate, potash and compound NPK products, valued at product sales. |
|---|---|
| Industry | Chemicals and Materials |
| Value 2025 | USD 190 bn |
| Value 2026 | USD 195 bn |
| Value 2036 | USD 267 bn |
| CAGR 2026-2036 | 3.2% |
| Volume 2026 | 224 million tonnes |
| Volume 2036 | 283 million tonnes |
| Average price 2026 | USD 870 per tonne |
| Report price | Starts from USD 1,999 |
| Published | November 2026 |
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Fertilizers market size and forecast, 2026-2036
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Year | Market value |
|---|---|
| 2026 | USD 195 bn |
| 2027 | USD 201 bn |
| 2028 | USD 207 bn |
| 2029 | USD 214 bn |
| 2030 | USD 221 bn |
| 2031 | USD 228 bn |
| 2032 | USD 235 bn |
| 2033 | USD 243 bn |
| 2034 | USD 251 bn |
| 2035 | USD 259 bn |
| 2036 | USD 267 bn |
Fertilizers market segmentation
By nutrient
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Nitrogen | 56.0% | 54.2% | USD 109 bn | 2.9% |
| Phosphate | 20.0% | 19.4% | USD 39.0 bn | 2.9% |
| Potash | 14.0% | 14.7% | USD 27.3 bn | 3.7% |
| Compound and specialty | 10.0% | 11.7% | USD 19.5 bn | 4.9% |
By crop
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Cereals | 45.0% | 43.8% | USD 87.6 bn | 2.9% |
| Oilseeds and pulses | 20.0% | 20.4% | USD 39.0 bn | 3.4% |
| Fruit and vegetables | 18.0% | 18.9% | USD 35.1 bn | 3.7% |
| Other crops | 17.0% | 16.9% | USD 33.1 bn | 3.1% |
By product form
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Granular | 54.0% | 50.0% | USD 105 bn | 2.4% |
| Prilled | 18.0% | 16.0% | USD 35.1 bn | 2.0% |
| Liquid and fluid | 18.0% | 20.0% | USD 35.1 bn | 4.3% |
| Water-soluble powder | 10.0% | 14.0% | USD 19.5 bn | 6.7% |
By product type
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Straight fertilizers | 52.0% | 48.0% | USD 101 bn | 2.4% |
| Complex NPK | 34.0% | 34.0% | USD 66.2 bn | 3.2% |
| Specialty and controlled release | 14.0% | 18.0% | USD 27.3 bn | 5.8% |
By application method
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Broadcast | 46.0% | 40.0% | USD 89.6 bn | 1.8% |
| Fertigation | 20.0% | 24.0% | USD 39.0 bn | 5.1% |
| Foliar | 14.0% | 16.0% | USD 27.3 bn | 4.6% |
| Banded and side-dress | 20.0% | 20.0% | USD 39.0 bn | 3.2% |
Top 25 countries for fertilizers by revenue
Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 74.1% of 2026 revenue and the 25 countries below together hold 94.9%.
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| # | Country | Value 2026 | Share 2026 | Value 2036 | CAGR 2026-36 |
|---|---|---|---|---|---|
| 1 | China | USD 42.8 bn | 22.0% | USD 51.2 bn | 1.8% |
| 2 | India | USD 29.2 bn | 15.0% | USD 42.4 bn | 3.8% |
| 3 | United States | USD 23.4 bn | 12.0% | USD 31.0 bn | 2.9% |
| 4 | Brazil | USD 19.5 bn | 10.0% | USD 31.2 bn | 4.8% |
| 5 | Indonesia | USD 6.8 bn | 3.5% | USD 9.9 bn | 3.8% |
| 6 | Pakistan | USD 5.5 bn | 2.8% | USD 7.5 bn | 3.2% |
| 7 | Russia | USD 4.9 bn | 2.5% | USD 6.4 bn | 2.8% |
| 8 | Canada | USD 4.9 bn | 2.5% | USD 6.4 bn | 2.8% |
| 9 | France | USD 3.9 bn | 2.0% | USD 4.5 bn | 1.5% |
| 10 | Vietnam | USD 3.5 bn | 1.8% | USD 4.8 bn | 3.2% |
| 11 | Argentina | USD 3.4 bn | 1.8% | USD 7.7 bn | 8.5% |
| 12 | Australia | USD 3.4 bn | 1.8% | USD 5.7 bn | 5.2% |
| 13 | Ukraine | USD 3.4 bn | 1.8% | USD 4.6 bn | 3.0% |
| 14 | Thailand | USD 3.4 bn | 1.8% | USD 4.4 bn | 2.6% |
| 15 | Mexico | USD 3.2 bn | 1.7% | USD 4.1 bn | 2.5% |
| 16 | Turkey | USD 3.0 bn | 1.5% | USD 3.7 bn | 2.1% |
| 17 | Egypt | USD 2.8 bn | 1.4% | USD 3.7 bn | 3.0% |
| 18 | Bangladesh | USD 2.6 bn | 1.3% | USD 3.7 bn | 3.4% |
| 19 | Poland | USD 2.5 bn | 1.3% | USD 3.0 bn | 2.1% |
| 20 | Philippines | USD 2.4 bn | 1.2% | USD 3.2 bn | 3.0% |
| 21 | Colombia | USD 2.3 bn | 1.2% | USD 2.8 bn | 2.3% |
| 22 | Malaysia | USD 2.2 bn | 1.1% | USD 2.7 bn | 2.3% |
| 23 | Kazakhstan | USD 2.1 bn | 1.1% | USD 2.6 bn | 2.3% |
| 24 | Spain | USD 2.0 bn | 1.0% | USD 2.2 bn | 1.0% |
| 25 | Nigeria | USD 2.0 bn | 1.0% | USD 2.7 bn | 3.4% |
| Rest of world | USD 9.9 bn | 5.1% | USD 14.5 bn | 4.0% |
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
Competitive landscape
Group 1: Global leaders
- Nutrien
- Yara
- Mosaic
- CF Industries
- OCP Group
- EuroChem
- Uralkali
- PhosAgro
- Belaruskali
- Koch Fertilizer
Group 2: Regional and specialist players
- ICL Group
- K+S
- Sinofert
- Coromandel International
- SABIC Agri-Nutrients
- Ma'aden
- Indian Farmers Fertiliser Cooperative
- Yuntianhua Group
- SQM
- Industries Qatar
Group 3: Emerging and niche players
- Fertiglobe
- Chambal Fertilisers
- Intrepid Potash
- Grupa Azoty
- Haifa Group
- Compo Expert
- Arab Potash
- Dangote Fertilizer
- Rashtriya Chemicals and Fertilizers
- Indorama Eleme Fertilizers
Research methodology
Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the fertilizers market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.
The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 3.2% is calculated from the resulting values.
The market is divided by nutrient, by crop, by product form, by product type, by application method. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.
Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.
Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.
Frequently asked questions
How big is the fertilizers market?
The global fertilizers market is estimated at USD 190 bn in 2025 and USD 195 bn in 2026.
How fast will the fertilizers market grow?
It is forecast to reach USD 267 bn by 2036, a compound annual growth rate of 3.2% from 2026, an increase of USD 72.1 bn.
Which country is the largest market for fertilizers?
China is the largest market by revenue at USD 42.8 bn in 2026, 22.0% of the global total. The three largest countries together hold 49.0%.
Which country is growing fastest?
Among the ten largest markets, Brazil is growing fastest at 4.8% a year from 2026 to 2036.
Which fertilizers segment is largest?
In the by nutrient split, Nitrogen is the largest segment with 56.0% of 2026 revenue.
Who are the leading fertilizers companies?
Global leaders include Nutrien, Yara, Mosaic, CF Industries.
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