비료 시장 : 기회, 성장 촉진요인, 산업 동향 분석, 예측(2025-2034년)

The Global Fertilizer Market was valued at USD 207.2 billion in 2024 and is estimated to grow at a CAGR of 2.6% to reach USD 268.2 billion by 2034. This steady growth reflects the rising global need for higher agricultural output, largely driven by population growth and shrinking availability of fertile land. With more emphasis being placed on sustainable farming and resource-efficient practices, both private initiatives and public policies are accelerating the adoption of modern fertilizer solutions. Enhanced technological innovation, particularly in nutrient-efficient blends, is supporting the shift toward more precise farming.

At the same time, the emergence of bio-based fertilizers and the growing implementation of precision agriculture are reshaping traditional farming methods by prioritizing both yield and environmental impact. Globally, nations are increasing their focus on food production capacity, leading to a stronger push to stabilize fertilizer supplies. Government-backed initiatives are promoting the balanced application of nutrients and encouraging the adoption of cleaner, eco-conscious fertilizers to maintain soil health and food security. Production scaling and efficient supply chain management are becoming more central as agricultural demand continues to climb across regions.

In 2024, the dry fertilizer segment accounted for USD 173.9 billion in market value, underscoring its significant presence. Dry formulations continue to dominate due to their extended shelf life, logistical convenience, and greater resistance to spoilage from moisture or microbial activity. Their stability makes them an ideal option for bulk distribution and storage in areas with limited cold chain support. Additionally, their lightweight composition contributes to lower transportation costs, and they are easier to apply or mix when needed, giving them a clear operational advantage in many regions.

The horticulture application segment led the market with a valuation of USD 99.1 billion in 2024. This sector uses a wide range of advanced fertilizers, including micronutrient-rich blends, slow-release formulations, and foliar sprays, to support high-value crops such as fruits, vegetables, and greenhouse plants. Due to the sensitivity of horticultural crops to nutrient balance, precision in application is essential. Controlled-environment agriculture, including hydroponic systems, has further increased the use of specialized fertilizers to maintain optimal plant growth and maximize output in minimal space.

China Fertilizer Market generated USD 44.8 billion holding 43% share in 2024 driven by high-intensity farming practices and a growing demand for staple crops like corn, rice, and wheat. Continuous cultivation practices have resulted in soil nutrient depletion, necessitating regular replenishment through fertilizer use. The region's large agricultural base and the urgency for food security make it a primary consumer of fertilizers, with China and India leading demand due to their scale and population dynamics.

Leading companies in the Global Fertilizer Market include Coromandel International Limited, EuroChem Group, Bunge Limited, K+S Group, Nutrien, Sinofert Holdings Limited, Uralkali, IFFCO, Israel Chemicals, Syngenta, Haifa Group, Yara International, The Mosaic Company, OCP Group, Westfarmers, and CF Industries Holdings. Companies operating in the fertilizer market are enhancing their market position by diversifying product portfolios with sustainable and customized nutrient blends, including controlled-release and bio-based fertilizers. Strategic partnerships with agri-tech firms are enabling digital integration, allowing manufacturers to offer value-added services like real-time soil analysis and precision application tools. Many players are expanding manufacturing capacity in emerging markets to meet rising local demand and reduce supply chain risks. Firms are also investing in R&D to develop nutrient-efficient products aligned with eco-regulations. Additionally, long-term contracts with governments and agricultural cooperatives are being pursued to ensure steady offtake.

Table of Contents

Chapter 1 Methodology & Scope

• 1.1 Market scope and definition
• 1.2 Research design
  • 1.2.1 Research approach
  • 1.2.2 Data collection methods
• 1.3 Data mining sources
  • 1.3.1 Global
  • 1.3.2 Regional/Country
• 1.4 Base estimates and calculations
  • 1.4.1 Base year calculation
  • 1.4.2 Key trends for market estimation
• 1.5 Primary research and validation
  • 1.5.1 Primary sources
• 1.6 Forecast model
• 1.7 Research assumptions and limitations

Chapter 2 Executive Summary

• 2.1 Industry 360⁰ synopsis
• 2.2 Key market trends
  • 2.2.1 Regional
  • 2.2.2 Form
  • 2.2.3 Product
  • 2.2.4 Application
• 2.3 TAM Analysis, 2025-2034
• 2.4 CXO perspectives: Strategic imperatives
  • 2.4.1 Executive decision points
  • 2.4.2 Critical success factors
• 2.5 Future outlook and strategic recommendations

Chapter 3 Industry Insights

• 3.1 Industry ecosystem analysis
  • 3.1.1 Supplier landscape
  • 3.1.2 Profit margin
  • 3.1.3 Value addition at each stage
  • 3.1.4 Factor affecting the value chain
  • 3.1.5 Disruptions
• 3.2 Industry impact forces
  • 3.2.1 Growth drivers
    • 3.2.1.1 Rising demand for food
    • 3.2.1.2 Growing demand for organic fertilizers
    • 3.2.1.3 Emerging demand for water soluble fertilizers
  • 3.2.2 Industry pitfalls and challenges
    • 3.2.2.1 Lack of awareness about the optimum usage of fertilizers
    • 3.2.2.2 Increasing uncertainties and significant policy focus towards the environment
  • 3.2.3 Market opportunities
    • 3.2.3.1 Rising adoption of precision agriculture and smart farming technologies
    • 3.2.3.2 Increasing demand for organic and bio-based fertilizers
    • 3.2.3.3 Government subsidies and support for sustainable agricultural practices
• 3.3 Growth potential analysis
• 3.4 Regulatory landscape
  • 3.4.1 North America
  • 3.4.2 Europe
  • 3.4.3 Asia Pacific
  • 3.4.4 Latin America
  • 3.4.5 Middle East & Africa
• 3.5 Porter's analysis
• 3.6 PESTEL analysis
  • 3.6.1 Technology and innovation landscape
  • 3.6.2 Current technological trends
  • 3.6.3 Emerging technologies
• 3.7 Price trends
  • 3.7.1 By region
  • 3.7.2 By product
• 3.8 Future market trends
• 3.9 Technology and innovation landscape
  • 3.9.1 Current technological trends
  • 3.9.2 Emerging technologies
• 3.10 Patent Landscape
• 3.11 Trade statistics (HS code) (Note: the trade statistics will be provided for key countries only)
  • 3.11.1 Major importing countries
  • 3.11.2 Major exporting countries
• 3.12 Sustainability and environmental aspects
  • 3.12.1 Sustainable practices
  • 3.12.2 Waste reduction strategies
  • 3.12.3 Energy efficiency in production
  • 3.12.4 Eco-friendly initiatives
• 3.13 Carbon footprint considerations

Chapter 4 Competitive Landscape, 2024

• 4.1 Introduction
• 4.2 Company market share analysis
  • 4.2.1 By region
    • 4.2.1.1 North America
    • 4.2.1.2 Europe
    • 4.2.1.3 Asia Pacific
    • 4.2.1.4 LATAM
    • 4.2.1.5 MEA
• 4.3 Company matrix analysis
• 4.4 Competitive analysis of major market players
• 4.5 Competitive positioning matrix
• 4.6 Key developments
  • 4.6.1 Mergers & acquisitions
  • 4.6.2 Partnerships & collaborations
  • 4.6.3 New product launches
  • 4.6.4 Expansion plans

Chapter 5 Market Estimates and Forecast, By Form, 2021 - 2034 (USD Billion) (Kilo Tons)

• 5.1 Key trends
• 5.2 Dry
• 5.3 Liquid

Chapter 6 Market Estimates and Forecast, By Product, 2021 - 2034 (USD Billion) (Kilo Tons)

• 6.1 Key trends
• 6.2 Organic
  • 6.2.1 Plant based
  • 6.2.2 Animal based
  • 6.2.3 Mineral based
• 6.3 Inorganic
  • 6.3.1 Nitrogen
    • 6.3.1.1 Urea
    • 6.3.1.2 Anhydrous ammonia
    • 6.3.1.3 CAN
    • 6.3.1.4 UAN solution
    • 6.3.1.5 Ammonium sulfate
  • 6.3.2 Phosphorus
    • 6.3.2.1 Diammonium phosphate
    • 6.3.2.2 Monoammonium phosphate
    • 6.3.2.3 Triple superphosphate
    • 6.3.2.4 Ordinary superphosphate
    • 6.3.2.5 Ammonium polyphosphate
    • 6.3.2.6 Others
  • 6.3.3 Potassium
    • 6.3.3.1 Potassium chloride
    • 6.3.3.2 Potassium sulfate
    • 6.3.3.3 Potassium nitrate

Chapter 7 Market Estimates and Forecast, By Application, 2021 - 2034 (USD Billion) (Kilo Tons)

• 7.1 Key trends
• 7.2 Agriculture
• 7.3 Horticulture
• 7.4 Gardening
• 7.5 Others

Chapter 8 Market Estimates and Forecast, By Region, 2021 - 2034 (USD Billion) (Kilo Tons)

• 8.1 Key trends
• 8.2 North America
  • 8.2.1 U.S.
  • 8.2.2 Canada
• 8.3 Europe
  • 8.3.1 Germany
  • 8.3.2 UK
  • 8.3.3 France
  • 8.3.4 Spain
  • 8.3.5 Italy
  • 8.3.6 Rest of Europe
• 8.4 Asia Pacific
  • 8.4.1 China
  • 8.4.2 India
  • 8.4.3 Japan
  • 8.4.4 Australia
  • 8.4.5 South Korea
  • 8.4.6 Rest of Asia Pacific
• 8.5 Latin America
  • 8.5.1 Brazil
  • 8.5.2 Mexico
  • 8.5.3 Argentina
  • 8.5.4 Rest of Latin America
• 8.6 Middle East and Africa
  • 8.6.1 Saudi Arabia
  • 8.6.2 South Africa
  • 8.6.3 UAE
  • 8.6.4 Rest of Middle East and Africa

Chapter 9 Company Profiles

• 9.1 Bunge Limited
• 9.2 CF Industries Holdings
• 9.3 Coromandel International Limited
• 9.4 EuroChem Group
• 9.5 Haifa Group
• 9.6 IFFCO
• 9.7 Israel Chemicals
• 9.8 K+S Group
• 9.9 Nutrien
• 9.10 OCP Group
• 9.11 Sinofert Holdings Limited
• 9.12 Syngenta
• 9.13 The Mosaic Company
• 9.14 Uralkali
• 9.15 Wesfarmers
• 9.16 Yara International