North America Fertilizer Market Outlook, 2029

North America's agricultural landscape is vast and diverse, with the United States and Canada leading in crop production across a wide range of climatic zones. Fertile soils, particularly in the Midwest region of the U.S., known as the "Corn Belt," and Canada's Prairie Provinces, support large-scale cultivation of staple crops like corn, wheat, soybeans, and canola. The region is a significant user of fertilizers, particularly nitrogen-based fertilizers such as urea and ammonium nitrate, to maintain high yields in these intensive farming systems. Phosphorus and potassium fertilizers, including monoammonium phosphate (MAP) and potassium chloride (MOP), are also crucial for improving root development and crop resilience. Corn and soybeans are the largest consumers of fertilizers in North America, driven by high demand for both food and biofuel production. Wheat, grown extensively in both the U.S. and Canada, also relies heavily on nutrient management to sustain productivity. In addition, fruits and vegetables, particularly in California’s Central Valley and Florida, require specialized fertilizer blends to maintain quality and meet export demands. The adoption of precision agriculture technologies is on the rise, allowing farmers to apply fertilizers more efficiently and reduce environmental impacts.

According to the research report "North America Fertilizer Market Overview, 2029," published by Bonafide Research, the North America Fertilizer market was valued at more than USD 31.10 Billion in 2023. The fertilizer market in North America is poised for steady growth, driven by increasing agricultural production demands and a growing focus on sustainable farming practices. The United States and Canada are significant players in global agriculture, with major crops such as corn, soybeans, wheat, and fruits requiring efficient nutrient management to optimize yields. Recent trends indicate a shift towards precision agriculture, where farmers utilize data-driven technologies to apply fertilizers more efficiently, minimizing waste and environmental impact. This has led to a rising demand for advanced fertilizers that offer tailored nutrient solutions, including controlled-release and slow-release formulations. Additionally, the push for organic farming and environmentally friendly products is gaining momentum, with organic fertilizers seeing heightened interest among farmers looking to meet consumer demand for sustainably produced goods. The integration of bio-based fertilizers and biostimulants into conventional practices is also on the rise, enhancing soil health and crop resilience.

In North America, the by-product segment of the fertilizer market is experiencing robust growth, primarily driven by the increasing demand for nitrogenous fertilizers, particularly urea and ammonium sulfate (AS). Urea remains a dominant product due to its high nitrogen content and effectiveness in boosting yields for key crops such as corn and soybeans. The use of calcium ammonium nitrate (CAN) and ammonium nitrate (AN) is also on the rise, valued for their quick-release properties, which support crop nutrition during critical growth phases. In the phosphorus segment, diammonium phosphate (DAP) and monoammonium phosphate (MAP) are essential for enhancing root development and overall plant health, particularly in high-value crops like fruits and vegetables. The potassium chloride (MOP/KCl) segment is gaining importance as farmers increasingly recognize the role of potassium in improving crop quality and drought resistance, especially in regions facing water scarcity. Additionally, the demand for complex fertilizers that combine nitrogen, phosphorus, and potassium (NPK) is growing, offering balanced nutrient solutions tailored to specific crop requirements.

In North America, the application segment of the fertilizer market is witnessing significant growth, driven primarily by the demand for cereals and grains, vegetables and fruits, and oilseeds and pulses. The cereals and grains category, which includes staples like corn and wheat, accounts for the largest share of fertilizer usage, as these crops are vital for both domestic consumption and export markets. Nitrogenous fertilizers, particularly urea and ammonium nitrate, are extensively applied to enhance yields in these high-demand crops. The vegetable and fruit sector is also expanding rapidly, especially in regions like California and Florida, where climate conditions are favorable for diverse crop production; fertilizers such as potassium and phosphorus-based products are crucial for improving quality and boosting production. The oilseeds segment, particularly soybeans, is experiencing growth due to rising global demand for plant-based proteins and biofuels, leading to increased fertilizer applications to optimize yields. Additionally, the "others" category encompasses crops like cotton and sugarcane, which also require specialized nutrients.

The fertilizer market in North America is witnessing significant expansion in the physical formulation segment, largely attributed to the growing utilization of both dry and liquid fertilizers in agricultural practices. Dry fertilizers, encompassing granular and powdered varieties, continue to dominate due to their straightforward application and extended shelf life. Commonly utilized products such as urea, ammonium sulfate, and various NPK blends are predominantly applied in granular form, making them particularly favored by large-scale farmers who appreciate their efficiency in both distribution and storage. The demand for dry fertilizers is anticipated to remain robust, particularly within the cereals and grains sector, which heavily depends on these products to achieve optimal yields. In contrast, liquid fertilizers are increasingly being adopted, particularly in precision agriculture and the cultivation of specialty crops. They present numerous benefits, including simplified application and accelerated nutrient absorption by plants. Liquid formulations, such as ammonium nitrate solutions and various micronutrient blends, are becoming more prevalent in vegetable and fruit production, where swift nutrient delivery is crucial for enhancing growth and quality.



Covid-19 Impact:
The pandemic has affected the supply chains that deliver farm production to consumers in North America. Though agriculture was exempted from lockdowns as it is an essential commodity, farmers had to face shortages of agricultural inputs like fertilizers. China being one of the major producers and exporters of nitrogenous fertilizers to the World, there was massive fertilizer paucity owing to transportation. Post pandemic China banned exports of fertilizers, as the prices were skyrocketing in lieu of shortages of fertilizers. As a result of which fertilizer scarcity was created in world market leading the prices to rise significantly just before the sowing period.

Major Companies present in the market
The Mosaic Company, Yara International, Nutrien Limited, K+S Aktiengesellschaft, OCP Group, CF Industries Holdings, Sociedad Química y Minera de Chile (SQM), National Fertilizers Limited Coromandel International Limited, EuroChem Group, Wesfarmers, Indian Farmers Fertilizer Co-operative Limited (IFFCO)

Considered in this report
• Geography: North America
• Historic Year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• North America fertilizer market with its value and forecast along with its segments
• Country-wise fertilizer market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Countries covered in the report
• United States of America
• Canada
• Mexico

By nutrient in the report
• Nitrogenous fertilizer (Urea, ammonium sulphate, Calcium ammonium nitrate/ ammonium nitrate, others UAN, anhydrous ammonia etc.)
• Phosphate fertilizer (Diammonium phosphate, monoammonium phosphate, others phosphate rock, superphosphates etc.)
• Potash fertilizer (Muriate of potash/potassium chloride, sulphate of potash others potassium nitrate etc.)
• Complex fertilizer (NPK, NK, PK, NP compounds etc.)

By Product type in the report:
• Urea
• Ammonium sulphate
• Calcium ammonium nitrate/ Ammonium nitrate
• Di-ammonium phosphate (DAP)
• Mono-ammonium phosphate (MAP)
• Muriate of potash (MOP)/ (KCl)
• Sulphate of potash (SOP)
• Complex (NPK, NK, PK, NP)

By physical formulation in the report:
• Dry
• Liquid

By Application in the report:
• Vegetable & Fruits
• Cereals & Grains
• Oilseeds & Pulses
• Others

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to fertilizer industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.