United States Fertilizers Market Insights Forecasts to 2032
- The United States Fertilizers Market Size was valued at USD 26.98 Billion in 2022.
- The Market Size is Growing at a CAGR of 2.28% from 2022 to 2032.
- The United States Fertilizers Market Size is Expected to Reach 33.80 Billion by 2032.
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The United States Fertilizers Market Size is Expected to Reach USD 33.80 Billion by 2032, at a CAGR of 2.28% during the forecast period 2022 to 2032.
Fertilizers are natural or organic substances that aid in the cultivation and harvesting processes by providing additional nutrients to the crop's designated yield. It exists in both natural and man-made forms. Fertilizers contain three major macronutrients: nitrogen, phosphorous, and potassium. Framers apply these fertilizers using a variety of methods, including large agricultural equipment and hand tools. Fertilizers are also chemicals that are added to soil or plant tissues to provide one or more nutrients required for plant growth. Higher crop yields are encouraged while soil nutrients are maintained and improved. Farmers can now use fertilizers more safely and effectively while lowering their risk of exposure to hazardous chemicals, since the increased use of organic fertilizers. Using fertilizers during crop cultivation provides additional nutrients that promote healthy crop growth based on the season. With the addition of nutrients, crop yield improves in a short period, assisting farmers in generating revenue.
This research report categorizes the market for the United States fertilizers market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United States fertilizers market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the United States fertilizers market.
United States Fertilizers Market Report Coverage
|Market Size in 2022:
|USD 26.98 Billion
|Forecast Period 2022-2032 CAGR:
|2032 Value Projection:
|USD 33.80 Billion
|Historical Data for:
|No. of Pages:
|Tables, Charts & Figures:
|By Source, By Form, By Crop Type and By Application
|CF Industries Holdings, Inc., Haifa Group Ltd, ICL Fertilizers, Koch Industries Inc., Nutrien Ltd., Sociedad Quimica y Minera de Chile SA, The Andersons Inc.,, The Mosaic Co., Wilbur-Ellis Company LLC, Yara International ASA, and Others.
|Pitfalls & Challenges:
|COVID-19 Empact, Challenges, Future, Growth, & Analysis
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Fertilizers, both natural and synthetic, are applied to plant cells or soil to provide one or more nutrients required by plants for growth. Over the forecast period, the market for improved soil nutrients, combined with increased crop yield, is expected to drive up fertilizer demand. Farmers are expected to use fertilizers more efficiently and safely as organic fertilizer penetration grows. As the demand for smart agriculture grows, various governments in emerging and developed countries have taken steps to encourage farmers to convert their land to organic. Government activities that are likely to benefit organic fertilizer sales in the coming years include market research, capacity expansion, targeted subsidies, and research assistance for organic farming. As a result, the increased demand for organic fertilizers is helping to drive the growth of the United States fertilizer market.
It is expected that market expansion will be hampered by a lack of knowledge about the best fertilizer application methods. Using chemical fertilizers as effectively as possible, for example, is a good strategy for increasing crop productivity. Excessive use of chemical fertilizers, on the other hand, destroys the soil by altering the pH balance, which is bad for the crop and the environment.
- In 2022, the plant-based segment accounted for the largest revenue share over the forecast period.
Based on the source, the United States fertilizers market is segmented into animal-based and plant-based. Among these, the plant-based segment has the largest revenue share over the forecast period. Plant-based fertilizers are made from natural materials like agricultural waste, livestock manure, industrial waste, and municipal sludge. These materials contain essential nutrients that promote plant growth while also enriching the soil with organic matter. Furthermore, they do not contain any harmful chemicals or synthetic additives that can harm soil health or water quality. Furthermore, the use of plant-based fertilizers improves soil fertility, soil structure, and microbial activity, resulting in healthier and more productive plants.
- In 2022, the dry segment accounted for a significant revenue share over the forecast period.
Based on the form, the United States fertilizers market is segmented into dry, and liquid. Among these, the dry segment has a significant revenue share over the forecast period. Dry fertilizers contain no harmful chemicals or synthetic additives that can harm soil and water quality. They are rich in organic matter and essential nutrients and are derived from natural sources such as compost, manure, and plant-based materials. The rise in organic farming practices is another factor driving demand for dry fertilizers. Since synthetic fertilizers are prohibited for these farmers, dry organic fertilizers are their preferred option. They are consistent with organic farming principles, which prioritize soil health, biodiversity, and environmental sustainability.
- In 2022, the cereals & grains segment accounted for the largest revenue share over the forecast period.
Based on the crop type, the United States fertilizers market is segmented into cereals & grains, oilseeds & pulses, and fruits & vegetables. Among these, the cereals & grains segment has the largest revenue share over the forecast period. Customers are concerned about the chemicals and synthetic fertilizers used in conventional agriculture. They are looking for healthier and more environmentally friendly food options, which are frequently associated with organic farming practices. Organic fertilizers are an important component of this approach as they are environmentally sustainable and less harmful to human health and the environment. They enhance soil structure and long-term fertility. Organic fertilizers help maintain soil health and reduce the need for soil degradation practices such as excessive tilling, which is vital for cereal and grain growth.
- In 2022, the agriculture segment accounted for a significant revenue share over the forecast period.
Based on the application, the United States fertilizers market is segmented into horticulture, agriculture, gardening, and others. Among these, the agriculture segment has a significant revenue share over the forecast period. Due to the growing United States population, and the development of smart cities, which have resulted in a decrease in the amount of arable land available and an increase in the need for food, the demand for fertilizers in agriculture has become extremely popular. Fertilizers are essential for maintaining soil nutrient content, meeting crop nutritional needs, and increasing agricultural output.
The report offers the appropriate analysis of the key organizations/companies involved within the United States fertilizers market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- CF Industries Holdings, Inc.
- Haifa Group Ltd
- ICL Fertilizers
- Koch Industries Inc.
- Nutrien Ltd.
- Sociedad Quimica y Minera de Chile SA
- The Andersons Inc.,
- The Mosaic Co.
- Wilbur-Ellis Company LLC
- Yara International ASA
Key Target Audience
- Market Players
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
- In February 2022, ICL introduced lawn care fertilizers with urea coated with sulfur and a biodegradable polymer membrane (Poly-S) or resin-coated nitrogen combined with phosphorus and potassium (PACE). This prevents uncontrolled shock growth, resulting in less mowing effort. The fertilizers are thought to be particularly simple and safe to use, and they are compatible with robotic lawnmowers.
This study forecasts revenue at regional, and country levels from 2021 to 2032. Spherical Insights has segmented the United States Fertilizers Market based on the below-mentioned segments:
United States Fertilizers Market, By Source
United States Fertilizers Market, By Form
United States Fertilizers Market, By Crop Type
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
United States Fertilizers Market, By Application
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