North America Fertilizers Market Size was valued at USD 27.3 Billion in 2022. The fertilizers market industry is projected to grow from USD 27.74 Billion in 2023 to USD 31.492 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 1.60% during the forecast period (2024 - 2032). Some of the market drivers boosting the North America fertilizers market growth are the rapidly growing population, the surge in food demand, the economic development of emerging markets, the rise in income levels, government policies and subsidies, the rise in research and development (R&D) activities, and the quick advances in agricultural technology.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The need for fertilizers in North America is expected to rise due to population growth, driving the market CAGR. Fertilizers promote crop development because they improve soil fertility, which in turn increases agricultural productivity. The need for food is rising as a result of the expanding population. However, it is predicted that an increase in awareness activities to inform farmers about the advantages of fertilizers—such as endorsing their usage through television commercials and workshops—will propel the fertilizer market. Furthermore, modern liquid fertilizer administration, which is more effective and efficient, ensures that crops and plants receive the nutrients they require at the right time and location with the least amount of waste. Innovative urease inhibitors and inexpensive polymer coating technologies have led to the rapid development of extremely effective fertilizers in a variety of agricultural applications, including industrial crops and cereals. This will boost the North America fertilizers market expansion.
There are many chances to address environmental, social, and economic issues through the creation and application of green and sustainable technologies. Technologies for renewable energy, like solar, wind, and hydropower, provide fossil fuel substitutes while lowering greenhouse gas emissions, slowing down global warming, and advancing sustainable energy production. Precision farming, organic farming, and agroforestry are examples of sustainable agricultural technology that can increase crop yields, improve soil health, lower chemical inputs, and support biodiversity. Recycling, upcycling, and trash reduction are examples of circular economy techniques that can help save resources, lessen pollution, and generate jobs. Reducing carbon emissions, improving resilience to climate change, and improving quality of life are all achieved through intelligent and environmentally friendly urban planning and infrastructure, such as green buildings, public transit, and sustainable waste management. Thus driving the North America fertilizers market revenue.
The North America Fertilizers market segmentation, based on type, includes Complex and Straight (Micronutrients, Nitrogenous, Phosphatic, Potassic, and Secondary Macronutrients). The straight segment dominated the market because there was tremendous pressure on the agriculture sector to increase crop production as a result of the growing global population and the ensuing rise in food demand. Straight fertilizers, like those based on nitrogen, give the soil the vital nutrients it needs to support strong plant development and increased yields.
The North America Fertilizers market segmentation, based on form, includes Conventional and Speciality (CRF, Liquid Fertilizer, SRF, Water Soluble). The speciality category generated the most income. The growing need for high-efficiency fertilizers that maximize agricultural productivity while minimizing environmental effects is driving the specialized fertilizers category's strong growth. The necessity for sustainable agricultural practices and the world's expanding population are the main drivers of this trend. There is a growing trend in the use of specialized formulations such as slow-release and micronutrient-rich fertilizers.
The North America Fertilizers market segmentation, based on application, includes Fertigation, Foliar and Soil. The fertigation category generated the most income because fertilizers that dissolve in water are being used more often. Fertigation involves applying fertilizer through an irrigation system after it has been combined with water, usually with the use of a drip system or a micro-sprinkler. Additionally, increasing efforts and investments in the construction of cutting-edge, higher-capacity fertilizer sprinklers will accelerate market expansion.
The North America Fertilizers market segmentation, based on crop type, includes Field Crops, Horticultural Crops, and Turf & Ornamental. The field crops category generated the most income. Over 95.0% of the agricultural area in this region is used for field crop agriculture. About 69.0% of the region's total arable land is occupied by the United States. Field crops are cultivated on 84.0% of the land in this. Numerous variables impact the increase, such as modifications to farming methods, breakthroughs in fertilizer technology, changes in customer preferences for particular crops, and government regulations pertaining to agricultural subsidies and incentives. Furthermore, variables including soil health, insect control, and climate change may have an effect on the field crops market's need for fertilizers.
Figure 1: North America Fertilizers Market, by Crop Type, 2023 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
In the upcoming years, the fertilizers market in North America is anticipated to increase steadily. The market will be driven by factors such as population increase, rising food demand, technology developments, and the requirement for sustainable agriculture. The market's future will also be shaped by the growing trends of organic fertilizers, precision farming, and the use of digital technology in agriculture. Additionally, governments all around North America are starting programs to encourage the manufacture of compost locally, giving farmers additional choices. To address and get over the challenge of growing expenses, the United States Department of Agriculture (USDA) revealed plans in March 2022 to promote greater fertilizer production for American farmers. To encourage the development of innovative, autonomous, and advantageous fertilizer production in the US, one of these proposals is to invest USD 250 million in a new grant program. Additionally, in terms of worldwide urea and ammonia imports and exports in 2019, the US ranked second and ninth, respectively. Because of this, as well as the region's expanding population and increased food security, the United States dominates the North American market for fertilizers, which is expected to fuel growth in the market during the anticipated period.
Figure 2: NORTH AMERICA FERTILIZERS MARKET SHARE BY REGION 2023 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the fertilizers market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the fertilizers industry must offer cost-effective items.
Major players in the fertilizers market are attempting to increase market demand by investing in research and development operations, including CF Industries Holdings, Inc., The Andersons Inc., ICL Fertilizers, The Mosaic Co., Koch Industries Inc., Nutrien Ltd., Haifa Group Ltd, Wilbur-Ellis Company LLC, Sociedad Quimica y Minera de Chile SA, and Yara International ASA.
May 2021: The Osmocote 5 product, produced by ICL Group, is a highly efficient and effective nutrient-release solution that has been specifically engineered to address the nutritional issues experienced by farmers who use peat-free or reduced-growth soil. It has an enhanced Optimised Trace Element Availability (OTEA) system and special nutrient-matching release technology to match plants' requirements throughout the release program.
March 2021: Mosaic announced that it will be working with Sound Agriculture to create and market a solution that maximizes nutrient efficiency. While Mosaic will be in charge of field development, sales, marketing, and regulatory matters, Sound Agriculture will concentrate on the active ingredient's manufacture and product formulation. The product makes use of bio-inspired chemistry from Sound Agriculture, which stimulates the soil microbiome to provide plants with essential nutrients and enable producers to maximize fertilizer inputs. The US market is anticipated to see its release in 2023.
Fertilizers Form Outlook
Fertilizers Application Outlook
Fertilizers Crop Type Outlook
Fertilizers Regional Outlook
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 27.3 Billion |
| Market Size 2023 | USD 27.74 Billion |
| Market Size 2032 | USD 31.492 Billion |
| Compound Annual Growth Rate (CAGR) | 1.60% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2019- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Form, Application, Crop Type, and Region |
| Region Covered | North America |
| Countries Covered | The United States, Canada, Mexico, and the Rest of North America |
| Key Companies Profiled | CF Industries Holdings, Inc., The Andersons Inc., ICL Fertilizers, The Mosaic Co., Koch Industries Inc., Nutrien Ltd., Haifa Group Ltd, Wilbur-Ellis Company LLC, Sociedad Quimica y Minera de Chile SA, and Yara International ASA |
| Key Market Opportunities | ·        Increased use of organic fertilizers |
| Key Market Dynamics | ·        Expanding population and rising food consumption ·        Growing attention to environmental issues and sustainable agriculture |
Frequently Asked Questions (FAQ) :
The North America Fertilizers market size was valued at USD 27.74 Billion in 2023.
The market is projected to grow at a CAGR of 1.60% during the forecast period 2024-2032.
The key players in the market are CF Industries Holdings, Inc., The Andersons Inc., ICL Fertilizers, The Mosaic Co., Koch Industries Inc., Nutrien Ltd., Haifa Group Ltd, Wilbur-Ellis Company LLC, Sociedad Quimica y Minera de Chile SA, and Yara International ASA.
The fertigation category dominated the market in 2023.
The field crops category had the largest share of the market.
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Team Lead - Research she holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.
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