Mineral Fertilizers Market By Nutrient Type (Nitrogen-Based Fertilizers, Phosphorus-Based Fertilizers, Potassium-Based Fertilizers), By Form (Granular Fertilizers, Liquid Fertilizers, Powdered Fertilizers), By Application (Cereals & Grains, Fruits & Vegetables, Oilseeds & Pulses), By End-User (Agriculture, Horticulture, Commercial Farming); Global Insights & Forecast (2024 - 2030)

As per Intent Market Research, the Mineral Fertilizers Market was valued at USD 167.0 Billion in 2024-e and will surpass USD 213.5 Billion by 2030; growing at a CAGR of 4.2% during 2025 - 2030.

The Mineral Fertilizers Market is a significant segment within the global agriculture sector, primarily driven by the growing need to enhance crop yields and soil fertility. As the global population increases, the demand for high-quality food crops and higher agricultural productivity has led to the widespread use of mineral fertilizers. These fertilizers supply essential nutrients, such as nitrogen, phosphorus, and potassium, which are vital for plant growth. With advancements in farming techniques and the increasing shift towards sustainable agricultural practices, the market is expanding rapidly. The rising awareness about crop-specific fertilization needs and the demand for high-efficiency fertilizers further boosts market growth.

Nitrogen-Based Fertilizers Segment is Largest Owing to High Demand in Crop Production

Among the various nutrient types, nitrogen-based fertilizers represent the largest segment due to their essential role in promoting robust plant growth and improving crop yields. Nitrogen is a critical nutrient for plants, as it is a key component of amino acids, proteins, and chlorophyll. Nitrogen fertilizers, such as urea, ammonium nitrate, and ammonium sulfate, are widely used across a variety of crops, including cereals, vegetables, and fruits, making them indispensable in global farming practices.

The high nitrogen content in these fertilizers ensures that crops have access to adequate nutrition, particularly in nitrogen-deficient soils. As the demand for food production increases to meet global consumption needs, nitrogen fertilizers will continue to hold a dominant share in the mineral fertilizers market. Their versatility and efficiency in enhancing plant growth and increasing yields have cemented their importance in modern agricultural systems.

Granular Fertilizers Segment is Largest Owing to Ease of Application and Storage

The granular fertilizers segment holds the largest share in the market, primarily due to their ease of application, storage, and longer shelf life. Granular forms of fertilizers, which include nitrogen, phosphorus, and potassium-based fertilizers, are preferred for large-scale agricultural applications because they can be efficiently spread using various equipment like broadcast spreaders or mechanized systems. The slow-release properties of granular fertilizers also ensure a prolonged nutrient supply to plants, making them suitable for a range of crop types.

Farmers favor granular fertilizers for their convenience and cost-effectiveness, as they can be stored and applied in bulk, leading to reduced labor costs and increased operational efficiency. Additionally, the global trend toward precision farming and the demand for efficient and targeted fertilizer applications further contribute to the continued popularity of granular fertilizers in the agricultural industry.

Cereals & Grains Application Segment is Largest Owing to Global Demand for Staple Crops

Among the various applications, cereals and grains hold the largest share in the mineral fertilizers market due to the high global demand for staple crops like rice, wheat, and maize. Cereal crops are crucial for food security, particularly in developing countries, where they are the primary source of nutrition. Fertilizers play a significant role in increasing the productivity of these crops, ensuring a steady supply to meet the growing population’s needs.

The use of mineral fertilizers in the production of cereals and grains is particularly vital for achieving high yields in regions with low soil fertility. As farmers face the challenge of increasing land degradation and climate change affecting soil quality, the role of fertilizers in improving crop growth becomes even more critical. The cereals and grains segment will continue to drive the demand for mineral fertilizers, supported by government initiatives to enhance food security and agricultural sustainability.

Agriculture End-User Industry is Largest Owing to Dominant Use in Crop Cultivation

The agriculture industry remains the largest end-user of mineral fertilizers, owing to the dominant role of fertilizers in enhancing crop yields. Fertilizers are essential for ensuring that soil remains productive and that crops have the necessary nutrients to grow. The growing demand for food, driven by a rising global population and changing dietary preferences, has led to an increased dependency on fertilizers in large-scale agriculture. Additionally, governments in both developed and developing countries are promoting the use of fertilizers to boost agricultural productivity.

In this segment, nitrogen-based fertilizers continue to be in high demand, particularly in regions with large-scale cereal and grain cultivation. The need for sustainable farming practices and organic fertilizers is also growing, as many farmers seek alternatives that are both effective and environmentally friendly. Despite these changes, agriculture will remain the largest end-user of mineral fertilizers, ensuring continued growth for the sector.

Asia Pacific Region is Fastest Growing Owing to Expanding Agricultural Activity

The Asia Pacific region is experiencing the fastest growth in the mineral fertilizers market, primarily due to the rapid expansion of agricultural activities in countries like China, India, and Southeast Asian nations. Asia Pacific is home to a significant portion of the world’s agricultural land and has a growing demand for food products to feed its large population. The increasing adoption of modern farming techniques and the rising need for high-yield crops are driving the demand for fertilizers.

Countries in this region are also focusing on improving soil health, enhancing crop quality, and ensuring better productivity through the use of advanced fertilizers. Furthermore, the increasing availability of fertilizer subsidies and government support for the agricultural sector in many Asian countries is expected to sustain the demand for fertilizers in this region. The rising middle class, coupled with a shift toward more intensive farming practices, will continue to propel the growth of the mineral fertilizers market in Asia Pacific.

Competitive Landscape in the Mineral Fertilizers Market

The Mineral Fertilizers Market is highly competitive, with several global and regional players driving the market forward through innovation, strategic partnerships, and expansion efforts. Leading companies in this sector include Nutrien Ltd., Yara International, Mosaic Co., CF Industries, and The Israel Chemicals Ltd., which dominate through their comprehensive portfolios of nitrogen, phosphorus, and potassium-based fertilizers.

These companies are focusing on sustainability initiatives, technological advancements, and customized fertilizer solutions to meet the growing demand for crop-specific and environmentally-friendly products. The market is also seeing an increased focus on fertilizer efficiency, with innovations such as slow-release formulations, precision fertilizers, and biostimulants becoming key differentiators. Competitive strategies include expanding distribution networks, acquisitions, and investments in emerging markets, particularly in Asia Pacific and Africa, where the agricultural sector is witnessing rapid growth.

List of Leading Companies:

• Nutrien Ltd.
• Yara International ASA
• CF Industries Holdings, Inc.
• The Mosaic Company
• EuroChem Group
• OCP Group
• Borealis AG
• Israel Chemicals Ltd. (ICL)
• K+S Aktiengesellschaft
• Haifa Group
• PhosAgro
• Sinofert Holdings Ltd.
• Coromandel International Ltd.
• Indian Farmers Fertiliser Cooperative (IFFCO)
• Uralkali

Recent Developments:

• Yara International launched a new eco-friendly nitrogen fertilizer with reduced emissions in February 2025.
• Nutrien Ltd. announced the expansion of its potash production facilities in January 2025.
• The Mosaic Company introduced an advanced phosphate fertilizer for precision agriculture in December 2024.
• CF Industries partnered with a renewable energy firm to develop low-carbon ammonia fertilizers in November 2024.
• OCP Group invested in a new sustainable fertilizer production plant in October 2024.

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