Canada Fertilizer Market Overview, 2029

There are many different kinds of fertilizers available in Canada, including fertilizers with nitrogen as a main ingredient, phosphate fertilizers, potash fertilizers, and others. The most popular type of fertilizers are nitrogen, phosphate, and potash fertilizers. Canada's domestic fertilizer production capability is substantial. Potash and phosphate fertilizers can be extracted from the country's natural resources and produced there. One of the biggest exporters of potash worldwide is Canada. To meet domestic demand, Canada nevertheless continues to import a sizeable volume of nitrogen-based fertilizers. The agriculture sector in Canada is diverse and includes various crops such as wheat, canola, barley, corn, and pulses. Fertilizers are essential for maintaining soil nutrient levels and ensuring optimal crop growth and yield. The use of fertilizers is particularly crucial in regions with nutrient-deficient soils. Like in many other countries, there is increasing emphasis on sustainable agriculture practices in Canada. Farmers and agricultural organizations are actively adopting nutrient management strategies to minimize fertilizer runoff and environmental impacts. Government regulations and programs also promote responsible fertilizer use to protect water quality and minimize greenhouse gas emissions. The Canadian fertilizer market has several key players involved in production, distribution, and retail. Some prominent companies operating in Canada's fertilizer industry include Nutrient Ltd., Agrium Inc., Mosaic Company, and Potash Corporation of Saskatchewan (now merged with Agrium to form Nutrient). There is ongoing research and development in Canada to improve fertilizer formulations, enhance nutrient use efficiency, and develop innovative fertilizer products. The aim is to optimize fertilizer applications, reduce environmental impacts, and support sustainable agriculture practices. According to the research report, "Canada Fertilizer Market Outlook, 2029," published by Bonafide Research, the Canada Fertilizer market is anticipated to add to more than USD 955 Million by 2024–29. The fertilizer market in Canada is experiencing significant growth and is poised to continue this upward trajectory in the coming years. As the agricultural sector in the country continues to expand and evolve, the demand for high-quality, efficient fertilizers have surged. Farmers and crop producers are increasingly recognizing the critical role that fertilizers play in enhancing soil fertility, boosting crop yields, and ensuring food security for the nation's growing population. The market is being driven by the adoption of advanced, precision-based fertilizer application techniques, which allow for more targeted and efficient use of these essential soil amendments. Additionally, the growing emphasis on sustainable and environmentally-friendly agricultural practices has fueled the development of innovative, eco-friendly fertilizer formulations that minimize the impact on the surrounding ecosystems. Looking ahead, industry analysts predict that the Canadian fertilizer market will continue to grow steadily, with a particular focus on organic and biostimulant products that cater to the rising consumer demand for healthier, more natural food sources.

Canada is home to some of the world's largest potash reserves. Saskatchewan, a province in Canada, is the leading global producer of potash. It has vast underground potash deposits that contribute significantly to the country's fertilizer industry. Canada relies heavily on imports for nitrogen-based fertilizers. The country has limited domestic production capacity for nitrogen fertilizers, and a significant portion of the nitrogen used in Canadian agriculture is imported from countries like the United States and Trinidad and Tobago. The fertilizer industry in Canada is actively promoting sustainable practices. The industry is investing in research and development to develop fertilizers that minimize environmental impacts, improve nutrient efficiency, and reduce greenhouse gas emissions. The adoption of precision agriculture technologies is growing in Canada, including the use of fertilizers. Farmers are increasingly utilizing advanced tools like GPS, remote sensing, and variable rate application systems to optimize fertilizer usage and improve crop yields. With the rising demand for organic food and sustainable agriculture, the market for organic fertilizers is also expanding in Canada. Organic fertilizers, such as compost, manure, and bio-based products, are gaining popularity among organic farmers and consumers. The fertilizer market in Canada has seen significant growth in its by-product segments, with various types of fertilizers experiencing increased demand and production. Ammonium Sulfate (AS), a common nitrogen-based fertilizer, has become a popular choice among Canadian farmers due to its ability to improve soil fertility and crop yields. Urea, another nitrogen-based fertilizer, has also experienced a surge in popularity, as it is a highly concentrated and efficient source of nitrogen for plants. Calcium Ammonium Nitrate (CAN) and Ammonium Nitrate (AN) have also gained traction, as they provide a balanced mix of nitrogen, calcium, and other essential nutrients to support plant growth. Diammonium Phosphate (DAP) and Monoammonium Phosphate (MAP) have become staples in the Canadian fertilizer market, offering phosphorus-rich formulations that are crucial for root development and overall plant health. Potassium Chloride (MOP/KCl), a potassium-based fertilizer, has seen increased demand as it helps to improve drought resistance and overall plant vigor. Finally, complex fertilizers, which combine multiple essential nutrients, have become more prevalent, allowing farmers to address the diverse nutritional needs of their crops in a single application. The expansion of the fertilizer market by application segment in Canada presents an intriguing subject. The predominant segment is Vegetables & Fruits, reflecting the Canadian preference for fresh and nutritious produce. Farmers employ specialized fertilizers to ensure that their vegetable and fruit crops achieve the optimal size, color, and flavor that consumers expect. The Cereals & Grains segment also plays a significant role, as staple crops such as wheat, barley, and oats necessitate balanced fertilization to promote vigorous growth and high yields. Additionally, Oilseeds & Pulses, which include canola, soybeans, and lentils, represent another important application area, with fertilizers specifically designed to meet the distinct nutrient requirements of these crops. Beyond these three primary segments, the "Others" category includes a wide range of specialty crops, such as herbs, flowers, and ornamental plants, each requiring tailored fertilizers to flourish in Canada's diverse climate. COVID-19 Impact Agriculture played a crucial role during the pandemic and was therefore exempt from government regulations. However, the restrictions on the movement of individuals and goods posed significant challenges for the sector, leading to a disruption in the supply of fertilizers. The unavailability of these essential inputs prevented farmers from planting seeds in a timely manner, resulting in a halt in food production. Additionally, a shortage of labour and the closure of several fertilizer plants within integrated chemical complexes adversely affected shipments during the initial lockdown. China, a key supplier of fertilizers to global markets, faced difficulties in exporting these products, which led to a scarcity and subsequent increase in fertilizer prices. Nevertheless, government initiatives and subsidies implemented post-pandemic have alleviated some of the financial pressures on farmers, providing them with relief for their fertilizer purchases.

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Manmayi Raval

Research Consultant

Considered in this report: • Geography: Canada • Historic Year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report: • Canada fertilizer market with its value and forecast along with its segments • Application wise fertilizer consumption • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Nutrient in the report: • Nitrogenous fertilizer (Urea, ammonium sulphate, CAN/ AN, others) • Phosphate fertilizer (Di-ammonium phosphate, mono-ammonium phosphate, others) • Potash fertilizer (Muriate of potash/potassium chloride, sulphate of potash others) • Complex fertilizer (NPK, NK, PK, NP compounds)

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By Product type in the report: • Ammonium sulphate • Urea • Calcium ammonium nitrate/ Ammonium nitrate • Di-ammonium phosphate (DAP) • Mono-ammonium phosphate (MAP) • Muriate of potash (MOP)/ (KCl) • Complex (NPK, NK, PK, NP) • Others (Potassium nitrate, Other Potasic fertilizer) • Others (Phosphate rock, superphosphate, other Phosphatic fertilizer) • Others (UAN, Sodium nitrate, Ammonia anhydrous, Others nitrogenous fertilizers) 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.