Industry Statistics and Trends
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 0.9 % over the past five years, to reach an estimated $411.2bn in 2024.
Trends and Insights
US government investments improve domestic fertilizer production
- New US government investments have bolstered fertilizer production. The government's Fertilizer Production and Expansion Program (FPEP) has announced an $83 million investment aimed at growing domestic production and reducing farmers' costs. Key projects under FPEP include a $25 million organic nutrient fertilizer plant in California and a $4 million manufacturing expansion in Iowa. These initiatives address both production capabilities and supply chain bottlenecks, improving the competitiveness in the US agricultural sector.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2025-2030)
Market size is projected to decline over the next five years.
Trends and Insights
China's sustainability efforts stand to reduce global fertilizer supply
- As China continues to refine its fertilization practices with an emphasis on sustainability, it is expected to reduce its domestic fertilizer consumption. This includes measures such as limiting production capacity expansion, withdrawing subsidies and promoting efficient usage through advanced techniques. These efforts aim to balance domestic supply with environmental goals, potentially reducing the country’s need for imports and their supply of exports.
Biggest companies in the Global Fertilizers & Agricultural Chemicals Manufacturing
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Nutrien AG | 23,484.1 | 1,307.2 | 5.6 | |
Bayer AG | 10,489.8 | 200.1 | 1.9 |
To view the market share and analysis for all 2 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Fertilizers, Pesticides and Other. Fertilizers is the largest segment of the Global Fertilizers & Agricultural Chemicals Manufacturing.
Trends and Insights
Supply chain disruptions have lifted fertilizer prices
- Fertilizers are typically made from three essential plant nutrients: phosphorus, nitrogen, or potassium. They also contain secondary plant nutrients like calcium, sulfur and magnesium. Nitrogenous fertilizer production is based on the manufacture of ammonia, which is used as an essential raw input for manufacturing granulated fertilizers, ammonium nitrate and liquid fertilizers. Nitrogen-based fertilizers are used to produce maize, barley, sorghum, rapeseed, soybeans and sunflowers.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
The Global Fertilizers and Agricultural Chemicals Manufacturing industry formulates and prepares fertilizer products, pesticides (e.g. herbicides, insecticides and fungicides) and other agricultural chemicals (e.g. insect repellents, sheep dips, fly sprays and flea powders). Key markets serviced include the agricultural sector, households and various commercial and industrial users.
What's included in this industry?
FertilizersPesticidesCompanies
Nutrien AGBayer AGPurchase this report to view all 2 major companies in this industry.
Related Terms
FERTILIZERSPESTICIDESAGROCHEMICALSHERBICIDESINSECTICIDESFUNGICIDESBIOPESTICIDESCROP YIELDPerformance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Most downstream demand emanates from consumers in the global agricultural sector. Crop acreage, yields and prices all play key roles in determining demand. Recent crop cash r...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
The agricultural sector is the primary consumer of products from fertilizer and other agrochemical producers. Key crop industries include corn, wheat and rice, all staple foo...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
The fertilizers and agrochemicals manufacturing industry has a wide geographic spread, with various emerging countries playing a prominent role on the global stage. North Ame...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Business Locations Charts
- Share of global output by region in 2024
- Share of population compared to output in each region in 2024
- Data tables
- Share of global output by region in 2024
- Detailed analysis
- Geographic spread of the industry across Global, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
The high concentration of manufacturers also can pose a significant barrier. Large manufacturers dominate regional markets but niche geographic and crop-specific needs provid...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Nutrien has boosted production to maintain revenue and meet new demand. As fertilizer prices have dropped, Nutrien's increased potash sales volumes have helped them to protec...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Nutrien AG's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Bayer AG's performance by revenue, market share and profit margin from 2018 through 2024
Detailed analysis
- Description and key data for Nutrien AG, and factors influencing its performance in the industry
- Description and key data for Bayer AG, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
In recent years, many laws have been implemented to restrict the amount and type of pollutants released into the environment. In the case of pesticides, efforts have focused ...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Profit for agrochemical manufacturers fluctuates strongly depending on the location and size of a given operator. For example, vertically integrated, massive multinationals w...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Global Fertilizers & Agricultural Chemicals Manufacturing industry in Global in 2025?
The market size of the Global Fertilizers & Agricultural Chemicals Manufacturing industry in Global is $411.2bn in 2025.
How many businesses are there in the Global Fertilizers & Agricultural Chemicals Manufacturing industry in 2024?
There are 2,735 businesses in the Global Fertilizers & Agricultural Chemicals Manufacturing industry in Global, which has grown at a CAGR of 1.5 % between 2019 and 2024.
Has the Global Fertilizers & Agricultural Chemicals Manufacturing industry in Global grown or declined over the past 5 years?
The market size of the Global Fertilizers & Agricultural Chemicals Manufacturing industry in Global has been growing at a CAGR of 0.9 % between 2019 and 2024.
What is the forecast growth of the Global Fertilizers & Agricultural Chemicals Manufacturing industry in Global over the next 5 years?
Over the next five years, the Global Fertilizers & Agricultural Chemicals Manufacturing industry in Global is expected to decline.
What are the biggest companies in the Global Fertilizers & Agricultural Chemicals Manufacturing market in Global?
The biggest companies operating in the Global Fertilizers & Agricultural Chemicals Manufacturing market in Global are Nutrien AG and Bayer AG
What does the Global Fertilizers & Agricultural Chemicals Manufacturing in Global include?
Fertilizers and Pesticides are part of the Global Fertilizers & Agricultural Chemicals Manufacturing industry.
Which companies have the highest market share in the Global Fertilizers & Agricultural Chemicals Manufacturing in Global?
The company holding the most market share in Global is Nutrien AG.
How competitive is the Global Fertilizers & Agricultural Chemicals Manufacturing industry in Global?
The level of competition is high and increasing in the Global Fertilizers & Agricultural Chemicals Manufacturing industry in Global.
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Competitors
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Methodology
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