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Fertilizers Market Size, Share and Forecast 2026-2036

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.

USD 195 bnMarket size 2026
USD 267 bnForecast 2036
3.2%CAGR 2026-2036
ChinaLargest country

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5 segmentation views25 countries2026 to 2036 yearly forecast

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.

ScopeMineral and synthetic fertilizers sold to farmers and distributors: nitrogen, phosphate, potash and compound NPK products, valued at product sales.
IndustryChemicals and Materials
Value 2025USD 190 bn
Value 2026USD 195 bn
Value 2036USD 267 bn
CAGR 2026-20363.2%
Volume 2026224 million tonnes
Volume 2036283 million tonnes
Average price 2026USD 870 per tonne
Report priceStarts from USD 1,999
PublishedNovember 2026

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Fertilizers market size and forecast, 2026-2036

Exhibit 1The global fertilizers market is forecast to grow from USD 195 bn in 2026 to USD 267 bn by 2036, a rise of 37%Global market value in USD: 2025 base year, 2026 estimate and forecast to 2036. CAGR 2026 to 2036: 3.2%
Fertilizers market value, 2025 to 2036Market value by year. 2025: USD 190 bn; 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. Compound annual growth rate 2026 to 2036: 3.2%.2025195 bn2026228 bn2031267 bn20363.2% CAGR

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

YearMarket value
2026USD 195 bn
2027USD 201 bn
2028USD 207 bn
2029USD 214 bn
2030USD 221 bn
2031USD 228 bn
2032USD 235 bn
2033USD 243 bn
2034USD 251 bn
2035USD 259 bn
2036USD 267 bn

Fertilizers market segmentation

By nutrient

Exhibit 2Nitrogen is the largest segment by nutrient, with 56.0% of 2026 revenueEstimated share of 2026 global revenue, by nutrient
Fertilizers market share by nutrient, 2026Share of 2026 revenue by nutrient. Nitrogen: 56.0%; Phosphate: 20.0%; Potash: 14.0%; Compound and specialty: 10.0%.Nitrogen56.0%Phosphate20.0%Potash14.0%Compound and specialty10.0%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Nitrogen56.0%54.2%USD 109 bn2.9%
Phosphate20.0%19.4%USD 39.0 bn2.9%
Potash14.0%14.7%USD 27.3 bn3.7%
Compound and specialty10.0%11.7%USD 19.5 bn4.9%

By crop

Exhibit 3Cereals adds the most revenue by crop, growing from USD 87.6 bn in 2026 to USD 117 bn by 2036Estimated revenue in USD by crop, 2026 and 2036 forecast
Fertilizers market by crop, 2026 and 2036Revenue by crop in 2026 and 2036. Cereals: USD 87.6 bn in 2026, USD 117 bn in 2036, change +33%; Oilseeds and pulses: USD 39.0 bn in 2026, USD 54.5 bn in 2036, change +40%; Fruit and vegetables: USD 35.1 bn in 2026, USD 50.5 bn in 2036, change +44%; Other crops: USD 33.1 bn in 2026, USD 45.0 bn in 2036, change +36%.20262036 forecastChangeCereals+33%87.6 bn117 bnOilseeds and pulses+40%39.0 bn54.5 bnFruit and vegetables+44%35.1 bn50.5 bnOther crops+36%33.1 bn45.0 bn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Cereals45.0%43.8%USD 87.6 bn2.9%
Oilseeds and pulses20.0%20.4%USD 39.0 bn3.4%
Fruit and vegetables18.0%18.9%USD 35.1 bn3.7%
Other crops17.0%16.9%USD 33.1 bn3.1%

By product form

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Granular54.0%50.0%USD 105 bn2.4%
Prilled18.0%16.0%USD 35.1 bn2.0%
Liquid and fluid18.0%20.0%USD 35.1 bn4.3%
Water-soluble powder10.0%14.0%USD 19.5 bn6.7%

By product type

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Straight fertilizers52.0%48.0%USD 101 bn2.4%
Complex NPK34.0%34.0%USD 66.2 bn3.2%
Specialty and controlled release14.0%18.0%USD 27.3 bn5.8%

By application method

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Broadcast46.0%40.0%USD 89.6 bn1.8%
Fertigation20.0%24.0%USD 39.0 bn5.1%
Foliar14.0%16.0%USD 27.3 bn4.6%
Banded and side-dress20.0%20.0%USD 39.0 bn3.2%

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%.

Exhibit 4China is the largest country market at USD 42.8 bn in 2026, and the three largest countries hold 49.0% of global revenueEstimated 2026 revenue in USD and share of the global market, ten largest countries
Fertilizers market, ten largest countries in 2026Ten largest countries by 2026 revenue. China: USD 42.8 bn, 22.0%; India: USD 29.2 bn, 15.0%; United States: USD 23.4 bn, 12.0%; Brazil: USD 19.5 bn, 10.0%; Indonesia: USD 6.8 bn, 3.5%; Pakistan: USD 5.5 bn, 2.8%; Russia: USD 4.9 bn, 2.5%; Canada: USD 4.9 bn, 2.5%; France: USD 3.9 bn, 2.0%; Vietnam: USD 3.5 bn, 1.8%.China42.8 bn 22.0%India29.2 bn 15.0%United States23.4 bn 12.0%Brazil19.5 bn 10.0%Indonesia6.8 bn 3.5%Pakistan5.5 bn 2.8%Russia4.9 bn 2.5%Canada4.9 bn 2.5%France3.9 bn 2.0%Vietnam3.5 bn 1.8%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

#CountryValue 2026Share 2026Value 2036CAGR 2026-36
1ChinaUSD 42.8 bn22.0%USD 51.2 bn1.8%
2IndiaUSD 29.2 bn15.0%USD 42.4 bn3.8%
3United StatesUSD 23.4 bn12.0%USD 31.0 bn2.9%
4BrazilUSD 19.5 bn10.0%USD 31.2 bn4.8%
5IndonesiaUSD 6.8 bn3.5%USD 9.9 bn3.8%
6PakistanUSD 5.5 bn2.8%USD 7.5 bn3.2%
7RussiaUSD 4.9 bn2.5%USD 6.4 bn2.8%
8CanadaUSD 4.9 bn2.5%USD 6.4 bn2.8%
9FranceUSD 3.9 bn2.0%USD 4.5 bn1.5%
10VietnamUSD 3.5 bn1.8%USD 4.8 bn3.2%
11ArgentinaUSD 3.4 bn1.8%USD 7.7 bn8.5%
12AustraliaUSD 3.4 bn1.8%USD 5.7 bn5.2%
13UkraineUSD 3.4 bn1.8%USD 4.6 bn3.0%
14ThailandUSD 3.4 bn1.8%USD 4.4 bn2.6%
15MexicoUSD 3.2 bn1.7%USD 4.1 bn2.5%
16TurkeyUSD 3.0 bn1.5%USD 3.7 bn2.1%
17EgyptUSD 2.8 bn1.4%USD 3.7 bn3.0%
18BangladeshUSD 2.6 bn1.3%USD 3.7 bn3.4%
19PolandUSD 2.5 bn1.3%USD 3.0 bn2.1%
20PhilippinesUSD 2.4 bn1.2%USD 3.2 bn3.0%
21ColombiaUSD 2.3 bn1.2%USD 2.8 bn2.3%
22MalaysiaUSD 2.2 bn1.1%USD 2.7 bn2.3%
23KazakhstanUSD 2.1 bn1.1%USD 2.6 bn2.3%
24SpainUSD 2.0 bn1.0%USD 2.2 bn1.0%
25NigeriaUSD 2.0 bn1.0%USD 2.7 bn3.4%
Rest of worldUSD 9.9 bn5.1%USD 14.5 bn4.0%
Exhibit 5India and Brazil account for 35% of the USD 72.1 bn the market is forecast to add by 2036Forecast revenue added between 2026 and 2036 by country, in USD
Fertilizers market, where the growth to 2036 comes fromRevenue added between 2026 and 2036. Market value 2026: USD 195 bn. India: +USD 13.2 bn; Brazil: +USD 11.7 bn; China: +USD 8.4 bn; United States: +USD 7.6 bn; Argentina: +USD 4.3 bn; 20 other countries: +USD 22.2 bn; Rest of world: +USD 4.7 bn. Market value 2036: USD 267 bn.Market value 2026195 bnIndia+13.2 bnBrazil+11.7 bnChina+8.4 bnUnited States+7.6 bnArgentina+4.3 bn20 other countries+22.2 bnRest of world+4.7 bnMarket value 2036267 bn

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.

Read the full research methodology

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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