Chemical Fertilizers Market Projected to Reach $299.69 Billion by 2030
The global chemical fertilizers market is projected to grow significantly, reaching $299.69 billion by 2030 with a 6.9% CAGR, up from $229.49 billion in 2026. This growth is driven by increasing food demand, commercial farming expansion, government support, and crucial advancements like precision agriculture. Asia-Pacific currently leads the market, highlighting the worldwide need to boost agricultural productivity and maintain soil health through efficient nutrient management.
The Business Research Company’s latest report projects a substantial expansion in the global chemical fertilizers market, driven by the increasing need to enhance agricultural productivity and maintain soil health worldwide. The market, valued at $216.52 billion in 2025, is expected to grow to $229.49 billion in 2026, demonstrating a compound annual growth rate (CAGR) of 6.0%. This upward trend is primarily fueled by rising global food demand due to population growth, the expansion of commercial farming operations, supportive government subsidies for fertilizer use, and the limited availability of arable land.Forecasting further, the market is poised for accelerated growth, projected to reach $299.69 billion by 2030 with an impressive CAGR of 6.9%. This future growth is largely attributed to the increasing adoption of precision agriculture technologies, which utilize data-driven methods to optimize crop and livestock production, ensuring fertilizers are applied accurately and efficiently. Other significant factors include a growing emphasis on managing soil health, the expansion in cultivation of high-value crops, ongoing innovations in controlled-release fertilizers, and stricter regulations governing nutrient usage. Emerging trends include the wider use of high-efficiency fertilizers, rising demand for balanced nutrient formulations, and the expansion of fertigation methods. In terms of regional distribution, Asia-Pacific led the market in 2025 due to its vast agricultural sector, with North America ranking as the second-largest market.
