Fertilizers Sales Market to Reach USD 290 Billion by 2035 at 2.0% CAGR Driven by Rising Food Demand & Agriculture Growth

The global fertilizers sales market is experiencing steady growth and is projected to reach USD 290 billion by 2035, growing at a compound annual growth rate (CAGR) of 2.0% during the forecast period of 2025 to 2035. This growth is primarily driven by the increasing global food demand, coupled with rising agricultural activities across the world. Fertilizers are critical in enhancing crop productivity, ensuring food security, and supporting the growing agricultural sector. As global populations expand and food consumption increases, the demand for fertilizers is expected to rise in tandem.

Growth of the Fertilizers Sales Market

In 2024, the global fertilizers sales market was valued at USD 232.1 billion, and by 2025, this figure is expected to increase to USD 236.7 billion. By 2035, the market is projected to soar to USD 290 billion. This steady growth trajectory reflects both the continuing demand for agricultural productivity and the essential role fertilizers play in enhancing soil fertility and crop yields.

The growth in fertilizers sales can be attributed to a variety of factors, with the most prominent being the rising global population, increased food consumption, and the need for greater crop yields to meet these demands. As food security becomes an increasingly critical concern worldwide, fertilizers are playing a pivotal role in meeting the demands of both developed and developing countries.

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Impact of Global Food Demand

The growing global population, which is expected to surpass 8.5 billion by 2035, is one of the primary drivers of the increased demand for fertilizers. More people will require more food, placing significant pressure on agricultural systems to enhance food production and quality. In addition, changing diets—especially in emerging markets where consumers are shifting toward more protein-rich foods—are pushing the need for enhanced agricultural productivity.

According to the Food and Agriculture Organization (FAO), the global demand for food is expected to rise by 70% by 2050, with a significant increase in demand for grains, fruits, vegetables, and protein-rich foods. Fertilizers will be vital in helping farmers meet these production goals by improving soil quality and increasing crop yields.

Rising Agricultural Activities

Another factor driving the growth of the fertilizers sales market is the increasing agricultural activities around the world. Many countries, especially in Asia and Africa, are investing heavily in agricultural development to boost production and meet local and international food demands. In these regions, fertilizer use is on the rise as farmers look for ways to improve productivity and efficiency.

Furthermore, advancements in agricultural technology, such as precision farming and soil health management, have made fertilizer application more efficient and targeted, minimizing waste and reducing environmental impact. With the global agricultural sector becoming more technologically advanced, fertilizers will continue to play a critical role in ensuring higher crop yields while maintaining sustainable farming practices.

Types of Fertilizers Driving Market Growth

The fertilizers sales market is diverse, consisting of various types such as nitrogen fertilizers, phosphate fertilizers, potash fertilizers, and compound fertilizers. Among these, nitrogen fertilizers are the most widely used, as nitrogen is essential for plant growth. Phosphate and potash fertilizers, which supply key nutrients like phosphorus and potassium, are also crucial for optimal crop development.

As farmers continue to adopt more tailored approaches to fertilizer use, the demand for compound fertilizers, which offer a combination of key nutrients, is expected to rise. These products provide farmers with a more balanced and efficient solution for maintaining soil fertility and improving crop quality.

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Regional Market Dynamics

Regionally, North America and Europe are expected to maintain their dominance in the global fertilizers market due to their advanced agricultural infrastructure and higher adoption of modern farming practices. However, the Asia-Pacific region, particularly countries like India and China, is anticipated to see the fastest growth in fertilizers demand. These countries have large agricultural sectors and growing populations, creating significant demand for fertilizers to boost crop production.

In Africa, where agriculture plays a significant role in the economy, fertilizer usage is gradually increasing as governments and organizations invest in improving agricultural productivity. This growth is largely driven by the need to address food security challenges and improve the quality of life for rural populations.

Sustainability and Environmental Considerations

With the increasing demand for fertilizers, there are rising concerns regarding their environmental impact. The excessive use of fertilizers can lead to soil degradation, water contamination, and greenhouse gas emissions. As a result, there is a growing emphasis on developing more sustainable and environmentally friendly fertilizers. Innovations such as slow-release fertilizers, organic fertilizers, and biotechnological advancements in fertilizer production are expected to shape the future of the market.

The growing trend toward sustainable farming practices is prompting both manufacturers and farmers to explore alternatives that reduce environmental harm while maintaining crop productivity. These efforts align with the global push for more sustainable agricultural practices that not only ensure food security but also protect natural resources.

The fertilizers sales market is set for robust growth over the next decade, driven by increasing food demand, expanding agricultural activities, and a growing global population. As the world seeks to meet the challenge of feeding billions of people in the coming decades, fertilizers will continue to play a crucial role in enhancing crop yields and supporting global food security. However, the industry must also adapt to environmental concerns by embracing more sustainable practices and innovative solutions.

The market’s expansion presents significant opportunities for manufacturers to invest in research and development to create more efficient and eco-friendly products. As the demand for fertilizers continues to rise, the global agricultural sector must balance productivity with sustainability to ensure long-term food security and environmental preservation.

Table of Contents

SECTION I: EXECUTIVE SUMMARY AND KEY HIGHLIGHTS

SECTION II: SCOPING, METHODOLOGY AND MARKET STRUCTURE

SECTION III: QUALITATIVE ANALYSIS

SECTION IV: QUANTITATIVE ANALYSIS

SECTION V: COMPETITIVE ANALYSIS

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