The Global Fertilizer Market was worth USD 381.7 Billion in 2023. As such, the forecast is that the market is expected to reach USD 547.23 Billion by 2032 with a CAGR of 6.1% from 2024 to 2032.
Fertilizers are natural or artificial substances containing chemical elements that improve the growth and productivity of plants. Fertilizers enhance the natural fertility of the soil or replace chemical elements taken from the soil by previous crops.