Argentina Fertilizer Market Overview, 2029

Argentina, with its lush soils and long agricultural history, has a robust fertiliser business that is critical to the country's agricultural economy. Argentina, as one of the world's main agricultural commodity producers and exporters, relies on high-quality fertilisers to boost crop yield and assure food security. The Argentine fertiliser market offers a vast range of products customised to the individual demands of various crops such as grains, oilseeds, fruits, and vegetables. The market serves to both large-scale agribusinesses and smallholder farmers, supplying them with the nutrients they need to optimise yields and maximise profitability. As environmental stewardship and sustainability become more important, the Argentine fertiliser sector has seen a move towards creative and eco-friendly solutions. This involves the creation of slow-release, controlled-release, and organic fertilisers that have a minimal environmental effect and improve soil health. Furthermore, the market is distinguished by the presence of both domestic and foreign fertiliser producers, guaranteeing a diverse range of product alternatives and vigorous competition. The Argentine government also plays an important role in shaping the fertiliser market by enacting rules and providing incentives to promote efficient and responsible fertiliser usage. Argentina's agricultural growth and sustainable development are supported by the fertiliser market, which continues to make major contributions to world agriculture.

According to the research report "Argentina Fertilizer Market Overview, 2029," published by Bonafide Research, the Argentina Fertilizer market was valued at more than USD 2.15 Billion in 2023. The fertilizer market in Argentina is experiencing significant growth, driven by the country’s agricultural sector, which is one of the largest in the world. As a major producer and exporter of key commodities such as soybeans, corn, and wheat, Argentina relies heavily on fertilizers to enhance crop yields and maintain soil fertility. The demand for nitrogen-based fertilizers, particularly urea and ammonium nitrate, is strong, as these products are crucial for improving the productivity of staple crops. Emerging trends in the Argentine fertilizer market include a growing emphasis on sustainable agricultural practices, leading to increased interest in eco-friendly and organic fertilizers. Farmers are becoming more conscious of the environmental impact of chemical fertilizers and are seeking alternatives that promote soil health and reduce nutrient runoff. Additionally, the adoption of precision agriculture techniques is gaining traction, allowing farmers to optimize fertilizer application based on real-time data and specific crop requirements, thus improving efficiency and reducing costs.

In Argentina, the by-product segment of the fertilizer industry is undergoing notable growth, propelled by the necessity to boost agricultural productivity across its varied crop landscape. There is a heightened demand for nitrogenous fertilizers, particularly urea and ammonium sulfate (AS), which are vital for increasing yields of major crops like soybeans and corn. Urea is favored for its high nitrogen content and versatility, while AS is increasingly valued for its dual role in supplying both nitrogen and sulfur, which are essential for crop vitality. Moreover, calcium ammonium nitrate (CAN) and ammonium nitrate (AN) are gaining popularity due to their quick-release characteristics, which are beneficial during critical growth periods. In the phosphorus market, diammonium phosphate (DAP) and monoammonium phosphate (MAP) are crucial for encouraging root development and overall plant health, especially in high-value crops. The potassium chloride (MOP/KCl) segment is also becoming more significant as farmers recognize the importance of potassium in enhancing crop quality and resilience to environmental stressors. Additionally, complex fertilizers that combine nitrogen, phosphorus, and potassium (NPK) are increasingly sought after, providing balanced nutrient solutions tailored to specific crop needs.

The fertilizer market in Argentina is currently booming, especially in the application segment, thanks to the rising demand for a wide range of agricultural products such as vegetables, fruits, cereals, grains, oilseeds, and pulses. The largest consumers of fertilizers are cereals and grains, particularly staple crops like wheat and corn. Nitrogen-based fertilizers, including urea and ammonium nitrate, are crucial for boosting yields and maintaining quality. The oilseeds sector, particularly soybeans, is a key player in Argentina's agricultural exports, leading to an increased need for fertilizers that promote growth and enhance oil content. With a shift towards healthier eating habits, the vegetable and fruit market is also expanding rapidly, as farmers are turning to specialized fertilizers that meet the nutritional needs of high-value crops like avocados and berries. Additionally, the pulses segment, which includes lentils and chickpeas, is gaining popularity due to its importance in both local and export markets, requiring specific nutrients for better yields. The "others" category, which covers crops like potatoes and garlic, continues to add to the overall fertilizer demand.
COVID-19 Impact
The fertilizer market in Argentina has been profoundly influenced by the COVID-19 pandemic, with significant consequences for the agricultural industry. Lockdowns and travel restrictions have disrupted supply chains and logistics, leading to a marked reduction in the availability and distribution of essential fertilizers. This disruption has created substantial difficulties for farmers and crop producers. The closure of borders and the suspension of international trade have further complicated matters, as Argentina generally relies on imports to fulfil a considerable portion of its fertilizer needs. This supply chain interruption has resulted in rising prices, imposing considerable financial burdens on agricultural businesses that are already contending with the economic impacts of the pandemic. Additionally, the decrease in fertilizer usage has had a detrimental effect on crop yields, threatening food security and the livelihoods of many smallholder farmers who are integral to Argentina's agricultural sector. Acknowledging the seriousness of the situation, the Argentine government has enacted various support measures, including subsidies and financial assistance, to help alleviate the crisis and maintain the productivity of the nation's essential fertilizer-dependent agricultural sector.

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



Aspects covered in this report :
• Argentina 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)

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.