Fertilizer Cost, Supplier & Sourcing Intelligence Report, 2030

Fertilizer Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

  • Published Date: ---
  • Base Year for Estimate: 2022
  • Report ID: GVR-P-UC-142
  • Format: Electronic (PDF)
  • Historical Data: 2020 - 2021
  • Number of Pages: 0

Fertilizer Category Overview

The fertilizer category is expected to grow at a CAGR of 3.4% from 2023 to 2030. The rise in global population and increasing demand for food is expected to drive the category growth. The world's population has witnessed a remarkable rise, approximately three times larger than it was in the middle of the twentieth century. To accomplish the rising need for food as the world's population grows, it is urgent to boost the production of agricultural products. Fertilizers are important for modern agriculture because they give crops the required nutrients and increase soil fertility & crop yields. The demand for animal feed is also being driven by shifting dietary habits and the move towards more protein-rich diets in emerging nations. As a result, it is driving up the demand for fertilizers used in the cultivation of forage and pasture. Further, integrating fertilizers for optimal crop production has become increasingly important due to the adoption of contemporary agricultural methods and technologies, such as precision agriculture techniques.

The Asia-Pacific region accounts for the largest category share as the region has a rising demand for superior quality agricultural produce and practices. Further, it will boost the nitrogenous fertilizers usage in this region. High nitrogenous fertilizer which is priced per hectare is used by Asian nations including Korea, China, Japan, and Vietnam for both seasonal and perennial crops. The region utilizes 90% of the world’s rice production and key crops grown are rice, sugar beet, fruits and vegetables, cereals, and grains. As a result, specialty fertilizers are highly demanded for growing these types of crops in this region.

With the help of new technologies, the fertilizer business is constantly developing and inventing to improve crop output while reducing its negative environmental effects. Technological developments in this category include controlled-release of fertilizers, nanotechnology, precision farming, biofertilizers, and the use of waste materials will aid in the creation of effective, long-lasting fertilizers that maximize the absorption and utilization of nutrients by plants. Controlled-release fertilizers (CRFs) are considered one of the remarkable technological improvements in the fertilizer sector. These fertilizers are made to gradually release nutrients over a lengthy period, ensuring a consistent supply of vital nutrients to the plants. To control nutrient release, CRFs employ various coating and encapsulation techniques, which increase the effectiveness of nutrient utilization and minimize fertilizer runoff and leaching into water sources. By reducing nutrient losses and boosting crop yields, this technology aids in reducing agriculture's environmental impact.

The main cost components in this category are raw materials, labor, production costs, logistic costs and energy costs. The main raw materials in most fertilizer mixtures are nitrogen (N), phosphorus (P), and potassium (K). The volume and cost of most blends are mostly made up of these three components. These materials can change depending on production systems (e.g., made more soluble) or filtered to remove components that are harmful to the production of ornamental containers. Raw materials are taken to the blender factory where the raw material will be combined, packaged, and delivered to the consumer or distributor. Because fertilizers are heavy and are shipped longer distances, transportation costs may be high. The capacity to transfer raw materials and finished items promptly depends on the availability of shipping containers and vehicles. Fertilizer prices and availability are an important concern for farmers as they currently represent between 15 and 20% of the total cash costs. Farmers in Certain regions of the U.S. estimate that prices have increased by more than 300% over the previous winter of 2021. Strong domestic and international demand, low fertilizer inventories, and very gradual production adjustments by the U.S. fertilizer sector all contributed to the price hike in 2022.

Countries such as Russia, Canada, China, and the United States are the most preferred sourcing destinations. Russia is considered the largest exporter of this product due to the strong urea and phosphate export program, which led to a drop in fertilizer prices in April 2023. This program was implemented to overcome the challenges that Russian fertilizer manufacturers were facing which include concerns over vessel availability, growing insurance costs, funding challenges, and skyrocketing Black Sea freight charges. Selecting a supplier who forecasts demand using fertilizer utilization tools is considered an important sourcing practice in this category. Other best sourcing practices include collaborating with suppliers who offer value-added assistance to improve crop nutrition, soil sampling, and nutrient management, and utilizing LCCS (low-cost-country sourcing) strategy for raw materials. Creating a crop-based, expert-based forecast is a very significant and necessary tool for predicting fertilizer demand. A wide range of individuals and businesses, including agricultural researchers, fertilizer marketing managers, government organizations, public policymakers, and international agencies, can benefit from the information provided by these forecasts. These projections are crucial for the fertilizer sector to effectively build the infrastructure and production capacity necessary to satisfy the demands of farmers all over the world.

Fertilizer Procurement Intelligence Report Scope 

Report Attribute


Fertilizer Category Growth Rate

CAGR of 3.4% from 2023 to 2030

Base Year for Estimation


Pricing growth Outlook

30% - 60% (Annually)

Pricing Models

Fixed pricing model, Volume-based pricing

Supplier Selection Scope

Cost and pricing, Past engagements, Productivity, Geographical presence

Supplier Selection Criteria

Water soluble fertilizers, Control released fertilizers, Dry/solid fertilizers, Technical specifications, Operational capabilities, Regulatory standards and mandates, Category innovations, and others

Report Coverage

Revenue forecast, supplier ranking, supplier matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model

Key companies profiled

Haifa Group, Nutrien Ltd., Yara International ASA, CF Industries Holdings Inc., Syngenta AG, Bunge Limited, Israel Chemicals Ltd., Indian Farmers Fertilizer Cooperative Limited, Sumitomo Chemical Co. Ltd, and Gemlik Fertilizer Inc.

Regional scope


Revenue Forecast in 2030

USD 270.5 billion

Historical data

2020 - 2021

Quantitative units

Revenue in USD billion and CAGR from 2023 to 2030

Customization scope

Up to 48 hours of customization free with every report

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Frequently Asked Questions About This Report

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Add-on Services

Should Cost Analysis

Component wise cost break down for better negotiation for the client, highlights the key cost drivers in the market with future price fluctuation for different materials (e.g.: steel, aluminum, etc.) used in the production process

Rate Benchmarking

Offering cost transparency for different products / services procured by the client. A typical report involves 2-3 case scenarios helping clients to select the best suited engagement with the supplier

Salary Benchmarking

Determining and forecasting salaries for specific skill set labor to make decision on outsourcing vs in-house.

Supplier Newsletter

A typical newsletter study by capturing latest information for specific suppliers related to: M&As, technological innovations, expansion, litigations, bankruptcy etc.

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