세계의 NPK 비료 시장 예측(-2032년) : 제품 유형별, 형태별, 유통 채널별, 용도별, 최종사용자별, 지역별 분석

According to Stratistics MRC, the Global NPK Fertilizers Market is accounted for $104.49 billion in 2025 and is expected to reach $148.01 billion by 2032 growing at a CAGR of 5.1% during the forecast period. NPK fertilizers are compound or blended fertilizers that supply plants with three essential macronutrients: nitrogen (N), phosphorus (P), and potassium (K). Nitrogen supports leafy growth and chlorophyll formation, phosphorus enhances root development and energy transfer, and potassium improves overall plant strength, water regulation, and disease resistance. These fertilizers are widely used in agriculture and horticulture to improve soil fertility, boost crop yields, and ensure balanced nutrient availability for different crops and growth stages.

According to Fertiliser India, the NPK fertilizer consumption in India increased from 110.73 million tons in 2023-24 to 142.14 million tons in 2024-25. This shift toward balanced nutrient management is a structural driver of steady NPK market growth.

Market Dynamics:

Driver:

Increasing adoption of high-yield and commercial farming practices

The growing focus on maximizing crop productivity is a key driver of the NPK fertilizers market. Farmers are increasingly adopting high-yield and commercial farming practices to meet rising global food demand. Balanced nutrient application using NPK fertilizers helps improve soil fertility and enhance crop output. Large-scale farming operations prefer standardized fertilizer solutions for consistent and predictable results. Government support programs and subsidies are further encouraging the use of chemical fertilizers. As commercial agriculture expands, demand for NPK formulations continues to rise steadily.

Restraint:

Volatility in raw material prices such as phosphates and potash

Unstable pricing of essential raw materials such as phosphates and potash acts as a major limiting factor for the NPK fertilizers market. Supply concentration, fluctuating mining activities, transportation costs, and international policy changes often cause sudden price swings. These uncertainties elevate manufacturing expenses and hinder long-term pricing strategies for producers while increasing input costs for end users. Farmers may respond by cutting back on fertilizer usage or shifting to alternative nutrient sources. Consequently, demand inconsistency, margin pressure, and reduced investment confidence can constrain the sustained expansion of the NPK fertilizers industry.

Opportunity:

Expansion of precision agriculture and fertigation practices

Advanced farming techniques focus on efficient nutrient application to reduce waste and improve yields. Fertigation systems enable precise delivery of NPK nutrients through irrigation networks. This improves nutrient uptake and minimizes environmental impact. Digital tools and soil monitoring technologies are supporting customized fertilizer application. As smart farming practices expand, demand for specialized NPK formulations is expected to grow.

Threat:

Increasing shift toward organic and bio-based fertilizers

Consumers and regulators are becoming more conscious of environmental sustainability and soil health. Organic farming practices are gaining popularity across both developed and developing regions. Bio-based alternatives are perceived as safer and more eco-friendly compared to synthetic fertilizers. Government regulations promoting reduced chemical usage further intensify this shift. This trend could limit the long-term growth of conventional NPK fertilizers.

Covid-19 Impact:

The Covid-19 pandemic disrupted the NPK fertilizers market through supply chain interruptions and logistical challenges. Restrictions on transportation affected the availability of raw materials and finished products. Labor shortages and delays in production impacted fertilizer distribution during critical planting seasons. However, agriculture was classified as an essential sector in many countries, allowing gradual recovery. Farmers prioritized yield stability, sustaining baseline demand for NPK fertilizers. Post-pandemic, improved supply chain resilience has strengthened market stability.

The granular segment is expected to be the largest during the forecast period

The granular segment is expected to account for the largest market share during the forecast period, due to their ease of handling and application. They offer uniform nutrient distribution and longer shelf life compared to other forms. Farmers favor granules for compatibility with mechanized spreading equipment. Their slow and controlled nutrient release improves crop efficiency. These advantages collectively support the segment's large market share.

The horticulture segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the horticulture segment is predicted to witness the highest growth rate, due to rising demand for fruits, vegetables, and ornamental plants is driving fertilizer consumption in this segment. NPK fertilizers play a crucial role in improving crop quality and yield consistency. Controlled nutrient management is essential for high-value horticultural crops. Increasing adoption of greenhouse and protected cultivation supports fertilizer usage. These factors are accelerating growth in the horticulture segment.

Region with largest share:

During the forecast period, the Asia Pacific region is expected to hold the largest market share. The region has a strong agricultural base and a large farming population. Countries such as China and India rely heavily on chemical fertilizers to support food production. Government subsidies and fertilizer distribution programs encourage widespread usage. Rapid population growth is increasing pressure on crop yields. These factors collectively strengthen the region's market dominance.

Region with highest CAGR:

Over the forecast period, the North America region is anticipated to exhibit the highest CAGR, owing to increasing adoption of precision farming technologies. Farmers are focusing on yield optimization and efficient nutrient management. Strong investment in agricultural research supports advanced fertilizer formulations. Rising demand for high-quality crops is boosting fertilizer usage. These trends are driving faster market growth in North America.

Key players in the market

Some of the key players in NPK Fertilizers Market include Yara International ASA, Sinocommodity, Nutrien Ltd, Haifa Chemicals Ltd, The Mosaic Company, Aditya Birla Group, EuroChem Group AG, UPL Limited, ICL Group Ltd, Tata Chemicals, OCP Group, Sociedad Quimica y Minera de Chile (SQM), K+S Aktiengesellschaft, Indian Farmers Fertiliser Cooperative (IFFCO), and Coromandel International Ltd.

Key Developments:

In August 2025, The Mosaic Company announced that it has entered into an agreement to sell Mosaic Potassio Mineracao Ltda (MPM), the entity that operates the Taquari-Vassouras potash mine located in Rosario do Catete, Sergipe, Brazil, to VL Mineracao Ltda. Upon the closing of the transaction, VL Mineracao will pay Mosaic up to $27 million (USD) in cash including $12 million upon closing, $10 million one year after closing and $5 million over six years, and will assume responsibility for approximately $22 million in asset retirement obligations (ARO).

In February 2025, Nutrien Ltd. announced that its Board of Directors declared a quarterly dividend of US$0.545 per share payable on April 10, 2025 to shareholders of record on March 31, 2025. This represents an approximately one percent increase from the prior dividend declared on November 6, 2024 and equates to an annualized dividend of US$2.18 per share.

Product Types Covered:

• NPK 10-26-26
• NPK 12-32-16
• NPK 15-15-15
• NPK 20-20-20
• Custom Blends
• Other Product Types

Forms Covered:

• Granular
• Liquid
• Powder/Crystalline

Distribution Channels Covered:

• Direct Sales
• Retail
• E-Commerce
• Government Supply Programs

Applications Covered:

• Field Crops
• Horticulture
• Plantation Crops
• Turf & Ornamentals
• Other Applications

End Users Covered:

• Commercial Farmers
• Smallholder Farmers
• Agricultural Cooperatives
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Product Analysis
• 3.7 Application Analysis
• 3.8 End User Analysis
• 3.9 Emerging Markets
• 3.10 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global NPK Fertilizers Market, By Product Type

• 5.1 Introduction
• 5.2 NPK 10-26-26
• 5.3 NPK 12-32-16
• 5.4 NPK 15-15-15
• 5.5 NPK 20-20-20
• 5.6 Custom Blends
• 5.7 Other Product Types

6 Global NPK Fertilizers Market, By Form

• 6.1 Introduction
• 6.2 Granular
• 6.3 Liquid
• 6.4 Powder/Crystalline

7 Global NPK Fertilizers Market, By Distribution Channel

• 7.1 Introduction
• 7.2 Direct Sales
• 7.3 Retail
• 7.4 E-Commerce
• 7.5 Government Supply Programs

8 Global NPK Fertilizers Market, By Application

• 8.1 Introduction
• 8.2 Field Crops
• 8.3 Horticulture
• 8.4 Plantation Crops
• 8.5 Turf & Ornamentals
• 8.6 Other Applications

9 Global NPK Fertilizers Market, By End User

• 9.1 Introduction
• 9.2 Commercial Farmers
• 9.3 Smallholder Farmers
• 9.4 Agricultural Cooperatives
• 9.5 Other End Users

10 Global NPK Fertilizers Market, By Geography

• 10.1 Introduction
• 10.2 North America
  • 10.2.1 US
  • 10.2.2 Canada
  • 10.2.3 Mexico
• 10.3 Europe
  • 10.3.1 Germany
  • 10.3.2 UK
  • 10.3.3 Italy
  • 10.3.4 France
  • 10.3.5 Spain
  • 10.3.6 Rest of Europe
• 10.4 Asia Pacific
  • 10.4.1 Japan
  • 10.4.2 China
  • 10.4.3 India
  • 10.4.4 Australia
  • 10.4.5 New Zealand
  • 10.4.6 South Korea
  • 10.4.7 Rest of Asia Pacific
• 10.5 South America
  • 10.5.1 Argentina
  • 10.5.2 Brazil
  • 10.5.3 Chile
  • 10.5.4 Rest of South America
• 10.6 Middle East & Africa
  • 10.6.1 Saudi Arabia
  • 10.6.2 UAE
  • 10.6.3 Qatar
  • 10.6.4 South Africa
  • 10.6.5 Rest of Middle East & Africa

11 Key Developments

• 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 11.2 Acquisitions & Mergers
• 11.3 New Product Launch
• 11.4 Expansions
• 11.5 Other Key Strategies

12 Company Profiling

• 12.1 Yara International ASA
• 12.2 Sinocommodity
• 12.3 Nutrien Ltd
• 12.4 Haifa Chemicals Ltd
• 12.5 The Mosaic Company
• 12.6 Aditya Birla Group
• 12.7 EuroChem Group AG
• 12.8 UPL Limited
• 12.9 ICL Group Ltd
• 12.10 Tata Chemicals
• 12.11 OCP Group
• 12.12 Sociedad Quimica y Minera de Chile (SQM)
• 12.13 K+S Aktiengesellschaft
• 12.14 Indian Farmers Fertiliser Cooperative (IFFCO)
• 12.15 Coromandel International Ltd