Argentina Fertilizer Market Size
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 6.81 Billion |
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Market Size (2030) | USD 9.71 Billion |
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Largest Share by Crop Type | Field Crops |
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CAGR (2024 - 2030) | 6.10 % |
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Fastest Growing by Crop Type | Field Crops |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Argentina Fertilizer Market Analysis
The Argentina Fertilizer Market size is estimated at 6.81 billion USD in 2024, and is expected to reach 9.71 billion USD by 2030, growing at a CAGR of 6.10% during the forecast period (2024-2030).
6.81 Billion
Market Size in 2024 (USD)
9.71 Billion
Market Size in 2030 (USD)
11.10 %
CAGR (2017-2023)
6.10 %
CAGR (2024-2030)
Largest segment by Form
93.80 %
value share, Conventional, 2023
In Argentina, farmers predominantly rely on conventional fertilizers. This is attributed to their affordability. Nitrogen stood out, commanding a significant share.
Largest Segment by Crop Type
97.63 %
value share, Field Crops, 2023
The segment is expected to grow during the forecast period, primarily due to the growing demand for field crops, their extensive cultivation, and monoculture practices.
Fastest growing by Speciality Type
7.83 %
Projected CAGR, CRF, 2024-2030
The use of controlled-release urea can improve nitrogen efficiency by reducing nitrogen loss, stimulating plant growth, and increasing nitrogen concentration in the soil.
Largest segment by Application Mode
94.87 %
value share, Soil, 2023
Soil application is the most preferred method to apply the fertilizers in the country due to its adaptability to diverse crops, soil types, and environmental conditions.
Leading Market Player
12.71 %
market share, Bunge, 2022
The company offers the products that can be applied through foliar or soil. Its foliar products is highly effective in absorption, and minimizing phytotoxicity on leaves.
To improve crop productivity in order to meet the demand for various crops, the demand for fertilizers is growing
- Argentina's fertilizer consumption in 2022 was dominated by field crops, constituting 97.6% of the total. This translated to a consumption volume of 7.6 million metric tons, valued at USD 6.8 billion. With its diverse climate and soil profiles, Argentina stands as a prominent agricultural player in the region, fostering an ideal setting for cultivating a wide array of field crops.
- Horticultural crops emerged as the second-largest fertilizer consumer in Argentina in 2022, accounting for 2.3% of the total. This segment amounted to a value of USD 158.1 million, with a volume of 176.6 thousand metric tons. Despite a decline in horticultural cultivation area from 870.8 thousand hectares in 2017 to 831.1 thousand hectares in 2022, the demand for fertilizers surged. This uptick was propelled by the increasing appetite for high-value crops like fruits and vegetables, driven by concerns over hidden hunger and malnutrition. To optimize yields per hectare in horticultural agriculture, there is a growing impetus to intensify fertilizer application.
- Turf and ornamental crops, though a minor player, accounted for less than 1% of Argentina's fertilizer consumption in 2022. This segment's market value stood at USD 7.2 million, with 8.0 thousand metric tons of fertilizer utilized. The uptick in global demand for Argentinian flowers has played a role in bolstering fertilizer consumption in this sector.
- Looking ahead, the period 2023-2030 suggests a rising trend in fertilizer usage across different crop categories. This surge is fueled by the dual imperatives of meeting the food demands of a burgeoning global population and the drive for enhanced yields and crop productivity.
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Argentina Fertilizer Market Trends
The considerable increase in cultivated land is foreseen to directly and favorably influence the Argentine fertilizer market
- Argentina's agricultural landscape encompasses a rich diversity of crops, with a primary focus on field crops. Notably, soybeans, corn, wheat, and cotton are the prevailing field crops that dominate the country. In the year 2022, these field crops accounted for a substantial 97.8% of the total agricultural cultivation in Argentina. This focus on field crops underscores their pivotal role in the country's agricultural sector, signifying their prominence and significance in the nation's farming practices. The versatility and adaptability of these crops contribute to Argentina's prominent position as a global agricultural powerhouse.
- Among key crops, soybeans hold a dominant position, making Argentina one of the world's leading soybean producers and exporters. Maize, commonly known as corn, is another staple crop that is harvested the most. As of 2022, soybeans led in terms of cultivated land area, covering 44.3% of the total arable land, while corn followed closely behind with 22.8%. The primary regions for soybean cultivation are Buenos Aires, Cordoba, Santa Fe, and Santiago del Estero. For corn, the main planting regions include Cordoba, Buenos Aires, Santa Fe, Santiago del Estero, and Entre Rios. These regions play a pivotal role in the production of these essential crops in Argentina's agricultural landscape.
- The substantial rise in both local and global demand for field crops has spurred a noteworthy expansion in the acreage allocated to these crops. This considerable increase in cultivated land is foreseen to directly and favorably influence the Argentine fertilizer market. This expansion in crop cultivation has generated increased fertilizer demand, presenting more growth opportunities for the fertilizer industry in Argentina.
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Rapeseed/canola, cotton, corn, and sorghum are some of the major primary nutrient-consuming crops in the country
- The average nutrient application rate can vary widely depending on factors such as the specific crop, soil conditions, regional practices, and mechanization used in agriculture. In the country, the average primary nutrient application rate for field crops is about 168.2 kg/hectare. Field crops such as rapeseed/canola, cotton, corn, and sorghum are some of the major primary nutrient-consuming crops in the country. Among all the primary nutrients, nitrogen is applied in the highest quantity, which is 193.1 kg/hectare on average for field crops. Nitrogen deficiency, however, is one of the most prevalent crop nutrient problems across the country. Hence, most of the nitrogen supplemented is through soil application so that when applied to soil, nitrogen is converted to mineral form.
- Potassium is the second-highest applied primary nutrient to field crops, with 181.2 kg/hectare on average. Potassium is a crucial nutrient for crop growth in Argentina, particularly for field crops like soybeans, maize (corn), wheat, and sunflowers. Its significance lies in its multiple roles in plant development and overall health. Firstly, potassium plays a vital part in osmotic regulation, helping plants maintain proper water uptake and transport, which ensures healthy cell turgor pressure. Secondly, it contributes to stress tolerance, enabling crops to withstand challenging conditions like drought, salinity, and temperature fluctuations.
- Phosphorus is a vital nutrient for plant growth, and its average application rate in fertilizers can vary depending on factors like soil conditions, crop type, and regional practices. Typically, phosphorus is applied at 130.1 kilograms of phosphorus per hectare (kg/ha) or more. Phosphorus serves several essential functions in plant development.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Onion and tomato cultivation are prominent in Argentina's thriving horticultural industry
- The average nutrient application rates are anticipated to grow, driven by widespread micronutrient deficiencies
- Rapeseed cultivation predominant in the consumption of secondary macronutrients in the country
- The Argentine government has allocated funding for irrigation projects and infrastructure development to support the country's agricultural sector
- The growing need to address nutrient deficiency in soil and improve production expected to fuel the growth of the market
- Nitrogen is the second-highest applied primary nutrient to horticultural crops, with 353.8 kg/hectare on average
- Magnesium has the highest requirement among secondary macronutrients in the country's horticulture industry
Argentina Fertilizer Industry Overview
The Argentina Fertilizer Market is fragmented, with the top five companies occupying 22.24%. The major players in this market are Bunge, EuroChem Group, Grupa Azoty S.A. (Compo Expert), Nutrien Ltd. and Yara International ASA (sorted alphabetically).
Argentina Fertilizer Market Leaders
Bunge
EuroChem Group
Grupa Azoty S.A. (Compo Expert)
Nutrien Ltd.
Yara International ASA
Other important companies include Haifa Group, ICL Group Ltd, Nouryon, Sociedad Quimica y Minera de Chile SA.
*Disclaimer: Major Players sorted in alphabetical order.
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Argentina Fertilizer Market News
- April 2023: ADOB, a major provider of chelating micronutrients, foliar, and other specialty farming solutions based in Poland, has been purchased by Nouryon. Through the acquisition, the company has broadened its innovative crop nutrition portfolio.
- January 2023: ICL has entered into a strategic partnership agreement with General Mills, in which it will be the supplier of strategic specialty phosphate solutions to General Mills. The long-term agreement will also focus on international expansion.
- May 2022: ICL launched three new NPK formulations of Solinure, a product with increased trace elements to optimize yields.
Free with this Report
Along with the report, We also offer a comprehensive and exhaustive data pack with 25+ graphs on area under cultivation and average application rate per hectare. The data pack includes Globe, North America, Europe, Asia-Pacific, South America, and Africa.
Argentina Fertilizer Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
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4.1 Acreage Of Major Crop Types
- 4.1.1 Field Crops
- 4.1.2 Horticultural Crops
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4.2 Average Nutrient Application Rates
- 4.2.1 Micronutrients
- 4.2.1.1 Field Crops
- 4.2.1.2 Horticultural Crops
- 4.2.2 Primary Nutrients
- 4.2.2.1 Field Crops
- 4.2.2.2 Horticultural Crops
- 4.2.3 Secondary Macronutrients
- 4.2.3.1 Field Crops
- 4.2.3.2 Horticultural Crops
- 4.3 Agricultural Land Equipped For Irrigation
- 4.4 Regulatory Framework
- 4.5 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
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5.1 Type
- 5.1.1 Complex
- 5.1.2 Straight
- 5.1.2.1 Micronutrients
- 5.1.2.1.1 Boron
- 5.1.2.1.2 Copper
- 5.1.2.1.3 Iron
- 5.1.2.1.4 Manganese
- 5.1.2.1.5 Molybdenum
- 5.1.2.1.6 Zinc
- 5.1.2.1.7 Others
- 5.1.2.2 Nitrogenous
- 5.1.2.2.1 Ammonium Nitrate
- 5.1.2.2.2 Anhydrous Ammonia
- 5.1.2.2.3 Urea
- 5.1.2.2.4 Others
- 5.1.2.3 Phosphatic
- 5.1.2.3.1 DAP
- 5.1.2.3.2 MAP
- 5.1.2.3.3 SSP
- 5.1.2.3.4 TSP
- 5.1.2.3.5 Others
- 5.1.2.4 Potassic
- 5.1.2.4.1 MoP
- 5.1.2.4.2 SoP
- 5.1.2.4.3 Others
- 5.1.2.5 Secondary Macronutrients
- 5.1.2.5.1 Calcium
- 5.1.2.5.2 Magnesium
- 5.1.2.5.3 Sulfur
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5.2 Form
- 5.2.1 Conventional
- 5.2.2 Speciality
- 5.2.2.1 CRF
- 5.2.2.2 Liquid Fertilizer
- 5.2.2.3 SRF
- 5.2.2.4 Water Soluble
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5.3 Application Mode
- 5.3.1 Fertigation
- 5.3.2 Foliar
- 5.3.3 Soil
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5.4 Crop Type
- 5.4.1 Field Crops
- 5.4.2 Horticultural Crops
- 5.4.3 Turf & Ornamental
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles
- 6.4.1 Bunge
- 6.4.2 EuroChem Group
- 6.4.3 Grupa Azoty S.A. (Compo Expert)
- 6.4.4 Haifa Group
- 6.4.5 ICL Group Ltd
- 6.4.6 Nouryon
- 6.4.7 Nutrien Ltd.
- 6.4.8 Sociedad Quimica y Minera de Chile SA
- 6.4.9 Yara International ASA
- *List Not Exhaustive
7. KEY STRATEGIC QUESTIONS FOR FERTILIZER CEOS
8. APPENDIX
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8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- CULTIVATION OF FIELD CROPS IN HECTARE, ARGENTINA, 2017 - 2022
- Figure 2:
- CULTIVATION OF HORTICULTURAL CROPS IN HECTARE, ARGENTINA, 2017 - 2022
- Figure 3:
- CONSUMPTION OF MICRONUTRIENTS BY FIELD CROPS IN KG/HECTARE, ARGENTINA, 2022
- Figure 4:
- CONSUMPTION OF MICRONUTRIENTS BY HORTICULTURAL CROPS IN KG/HECTARE, ARGENTINA, 2022
- Figure 5:
- CONSUMPTION OF PRIMARY NUTRIENTS BY FIELD CROPS IN KG/HECTARE, ARGENTINA, 2022
- Figure 6:
- CONSUMPTION OF PRIMARY NUTRIENTS BY HORTICULTURAL CROPS IN KG/HECTARE, ARGENTINA, 2022
- Figure 7:
- CONSUMPTION OF SECONDARY MACRONUTRIENTS BY FIELD CROPS IN KG/HECTARE, ARGENTINA, 2022
- Figure 8:
- CONSUMPTION OF SECONDARY MACRONUTRIENTS BY HORTICULTURAL CROPS IN KG/HECTARE, ARGENTINA, 2022
- Figure 9:
- AGRICULTURAL LAND EQUIPPED FOR IRRIGATION IN HECTARE, ARGENTINA, 2022
- Figure 10:
- FERTILIZER FERTILIZER CONSUMPTION IN METRIC TON, ARGENTINA, 2017 - 2030
- Figure 11:
- FERTILIZER FERTILIZER CONSUMPTION IN USD, ARGENTINA, 2017 - 2030
- Figure 12:
- FERTILIZER CONSUMPTION BY TYPE IN METRIC TON, ARGENTINA, 2017 - 2030
- Figure 13:
- FERTILIZER CONSUMPTION BY TYPE IN USD, ARGENTINA, 2017 - 2030
- Figure 14:
- FERTILIZER CONSUMPTION VOLUME BY TYPE IN %, ARGENTINA, 2017 VS 2023 VS 2030
- Figure 15:
- FERTILIZER CONSUMPTION VALUE BY TYPE IN %, ARGENTINA, 2017 VS 2023 VS 2030
- Figure 16:
- COMPLEX FERTILIZER CONSUMPTION IN METRIC TON, ARGENTINA, 2017 - 2030
- Figure 17:
- COMPLEX FERTILIZER CONSUMPTION IN USD, ARGENTINA, 2017 - 2030
- Figure 18:
- COMPLEX FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ARGENTINA, 2023 VS 2030
- Figure 19:
- STRAIGHT FERTILIZER CONSUMPTION BY NUTRIENT IN METRIC TON, ARGENTINA, 2017 - 2030
- Figure 20:
- STRAIGHT FERTILIZER CONSUMPTION BY NUTRIENT IN USD, ARGENTINA, 2017 - 2030
- Figure 21:
- STRAIGHT FERTILIZER CONSUMPTION BY NUTRIENT VOLUME IN %, ARGENTINA, 2017 VS 2023 VS 2030
- Figure 22:
- STRAIGHT FERTILIZER CONSUMPTION BY NUTRIENT VALUE IN %, ARGENTINA, 2017 VS 2023 VS 2030
- Figure 23:
- FERTILIZER CONSUMPTION BY MICRONUTRIENTS IN METRIC TON, ARGENTINA, 2017 - 2030
- Figure 24:
- FERTILIZER CONSUMPTION BY MICRONUTRIENTS IN USD, ARGENTINA, 2017 - 2030
- Figure 25:
- FERTILIZER CONSUMPTION VOLUME BY MICRONUTRIENTS IN %, ARGENTINA, 2017 VS 2023 VS 2030
- Figure 26:
- FERTILIZER CONSUMPTION VALUE BY MICRONUTRIENTS IN %, ARGENTINA, 2017 VS 2023 VS 2030
- Figure 27:
- BORON FERTILIZER CONSUMPTION IN METRIC TON, ARGENTINA, 2017 - 2030
- Figure 28:
- BORON FERTILIZER CONSUMPTION IN USD, ARGENTINA, 2017 - 2030
- Figure 29:
- BORON FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ARGENTINA, 2023 VS 2030
- Figure 30:
- COPPER FERTILIZER CONSUMPTION IN METRIC TON, ARGENTINA, 2017 - 2030
- Figure 31:
- COPPER FERTILIZER CONSUMPTION IN USD, ARGENTINA, 2017 - 2030
- Figure 32:
- COPPER FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ARGENTINA, 2023 VS 2030
- Figure 33:
- IRON FERTILIZER CONSUMPTION IN METRIC TON, ARGENTINA, 2017 - 2030
- Figure 34:
- IRON FERTILIZER CONSUMPTION IN USD, ARGENTINA, 2017 - 2030
- Figure 35:
- IRON FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ARGENTINA, 2023 VS 2030
- Figure 36:
- MANGANESE FERTILIZER CONSUMPTION IN METRIC TON, ARGENTINA, 2017 - 2030
- Figure 37:
- MANGANESE FERTILIZER CONSUMPTION IN USD, ARGENTINA, 2017 - 2030
- Figure 38:
- MANGANESE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ARGENTINA, 2023 VS 2030
- Figure 39:
- MOLYBDENUM FERTILIZER CONSUMPTION IN METRIC TON, ARGENTINA, 2017 - 2030
- Figure 40:
- MOLYBDENUM FERTILIZER CONSUMPTION IN USD, ARGENTINA, 2017 - 2030
- Figure 41:
- MOLYBDENUM FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ARGENTINA, 2023 VS 2030
- Figure 42:
- ZINC FERTILIZER CONSUMPTION IN METRIC TON, ARGENTINA, 2017 - 2030
- Figure 43:
- ZINC FERTILIZER CONSUMPTION IN USD, ARGENTINA, 2017 - 2030
- Figure 44:
- ZINC FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ARGENTINA, 2023 VS 2030
- Figure 45:
- OTHERS FERTILIZER CONSUMPTION IN METRIC TON, ARGENTINA, 2017 - 2030
- Figure 46:
- OTHERS FERTILIZER CONSUMPTION IN USD, ARGENTINA, 2017 - 2030
- Figure 47:
- OTHERS FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ARGENTINA, 2023 VS 2030
- Figure 48:
- FERTILIZER CONSUMPTION BY NITROGENOUS IN METRIC TON, ARGENTINA, 2016 - 2028
- Figure 49:
- FERTILIZER CONSUMPTION BY NITROGENOUS IN USD, ARGENTINA, 2016 - 2028
- Figure 50:
- FERTILIZER CONSUMPTION VOLUME BY NITROGENOUS IN %, ARGENTINA, 2017 VS 2023 VS 2030
- Figure 51:
- FERTILIZER CONSUMPTION VALUE BY NITROGENOUS IN %, ARGENTINA, 2017 VS 2023 VS 2030
- Figure 52:
- UREA FERTILIZER CONSUMPTION IN METRIC TON, ARGENTINA, 2016 - 2028
- Figure 53:
- UREA FERTILIZER CONSUMPTION IN USD, ARGENTINA, 2016 - 2028
- Figure 54:
- UREA FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ARGENTINA, 2023 VS 2030
- Figure 55:
- OTHERS FERTILIZER CONSUMPTION IN METRIC TON, ARGENTINA, 2016 - 2028
- Figure 56:
- OTHERS FERTILIZER CONSUMPTION IN USD, ARGENTINA, 2016 - 2028
- Figure 57:
- OTHERS FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ARGENTINA, 2023 VS 2030
- Figure 58:
- FERTILIZER CONSUMPTION BY PHOSPHATIC IN METRIC TON, ARGENTINA, 2017 - 2030
- Figure 59:
- FERTILIZER CONSUMPTION BY PHOSPHATIC IN USD, ARGENTINA, 2017 - 2030
- Figure 60:
- FERTILIZER CONSUMPTION VOLUME BY PHOSPHATIC IN %, ARGENTINA, 2017 VS 2023 VS 2030
- Figure 61:
- FERTILIZER CONSUMPTION VALUE BY PHOSPHATIC IN %, ARGENTINA, 2017 VS 2023 VS 2030
- Figure 62:
- DAP FERTILIZER CONSUMPTION IN METRIC TON, ARGENTINA, 2017 - 2030
- Figure 63:
- DAP FERTILIZER CONSUMPTION IN USD, ARGENTINA, 2017 - 2030
- Figure 64:
- DAP FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ARGENTINA, 2023 VS 2030
- Figure 65:
- MAP FERTILIZER CONSUMPTION IN METRIC TON, ARGENTINA, 2017 - 2030
- Figure 66:
- MAP FERTILIZER CONSUMPTION IN USD, ARGENTINA, 2017 - 2030
- Figure 67:
- MAP FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ARGENTINA, 2023 VS 2030
- Figure 68:
- SSP FERTILIZER CONSUMPTION IN METRIC TON, ARGENTINA, 2017 - 2030
- Figure 69:
- SSP FERTILIZER CONSUMPTION IN USD, ARGENTINA, 2017 - 2030
- Figure 70:
- SSP FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ARGENTINA, 2023 VS 2030
- Figure 71:
- TSP FERTILIZER CONSUMPTION IN METRIC TON, ARGENTINA, 2017 - 2030
- Figure 72:
- TSP FERTILIZER CONSUMPTION IN USD, ARGENTINA, 2017 - 2030
- Figure 73:
- TSP FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ARGENTINA, 2023 VS 2030
- Figure 74:
- FERTILIZER CONSUMPTION BY POTASSIC IN METRIC TON, ARGENTINA, 2016 - 2028
- Figure 75:
- FERTILIZER CONSUMPTION BY POTASSIC IN USD, ARGENTINA, 2016 - 2028
- Figure 76:
- FERTILIZER CONSUMPTION VOLUME BY POTASSIC IN %, ARGENTINA, 2017 VS 2023 VS 2030
- Figure 77:
- FERTILIZER CONSUMPTION VALUE BY POTASSIC IN %, ARGENTINA, 2017 VS 2023 VS 2030
- Figure 78:
- MOP FERTILIZER CONSUMPTION IN METRIC TON, ARGENTINA, 2016 - 2028
- Figure 79:
- MOP FERTILIZER CONSUMPTION IN USD, ARGENTINA, 2016 - 2028
- Figure 80:
- MOP FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ARGENTINA, 2023 VS 2030
- Figure 81:
- SOP FERTILIZER CONSUMPTION IN METRIC TON, ARGENTINA, 2016 - 2028
- Figure 82:
- SOP FERTILIZER CONSUMPTION IN USD, ARGENTINA, 2016 - 2028
- Figure 83:
- SOP FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ARGENTINA, 2023 VS 2030
- Figure 84:
- OTHERS FERTILIZER CONSUMPTION IN METRIC TON, ARGENTINA, 2016 - 2028
- Figure 85:
- OTHERS FERTILIZER CONSUMPTION IN USD, ARGENTINA, 2016 - 2028
- Figure 86:
- OTHERS FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ARGENTINA, 2023 VS 2030
- Figure 87:
- FERTILIZER CONSUMPTION BY SECONDARY MACRONUTRIENTS IN METRIC TON, ARGENTINA, 2017 - 2030
- Figure 88:
- FERTILIZER CONSUMPTION BY SECONDARY MACRONUTRIENTS IN USD, ARGENTINA, 2017 - 2030
- Figure 89:
- FERTILIZER CONSUMPTION VOLUME BY SECONDARY MACRONUTRIENTS IN %, ARGENTINA, 2017 VS 2023 VS 2030
- Figure 90:
- FERTILIZER CONSUMPTION VALUE BY SECONDARY MACRONUTRIENTS IN %, ARGENTINA, 2017 VS 2023 VS 2030
- Figure 91:
- CALCIUM FERTILIZER CONSUMPTION IN METRIC TON, ARGENTINA, 2017 - 2030
- Figure 92:
- CALCIUM FERTILIZER CONSUMPTION IN USD, ARGENTINA, 2017 - 2030
- Figure 93:
- CALCIUM FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ARGENTINA, 2023 VS 2030
- Figure 94:
- MAGNESIUM FERTILIZER CONSUMPTION IN METRIC TON, ARGENTINA, 2017 - 2030
- Figure 95:
- MAGNESIUM FERTILIZER CONSUMPTION IN USD, ARGENTINA, 2017 - 2030
- Figure 96:
- MAGNESIUM FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ARGENTINA, 2023 VS 2030
- Figure 97:
- SULFUR FERTILIZER CONSUMPTION IN METRIC TON, ARGENTINA, 2017 - 2030
- Figure 98:
- SULFUR FERTILIZER CONSUMPTION IN USD, ARGENTINA, 2017 - 2030
- Figure 99:
- SULFUR FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ARGENTINA, 2023 VS 2030
- Figure 100:
- FERTILIZER CONSUMPTION BY FORM IN METRIC TON, ARGENTINA, 2017 - 2030
- Figure 101:
- FERTILIZER CONSUMPTION BY FORM IN USD, ARGENTINA, 2017 - 2030
- Figure 102:
- FERTILIZER CONSUMPTION VOLUME BY FORM IN %, ARGENTINA, 2017 VS 2023 VS 2030
- Figure 103:
- FERTILIZER CONSUMPTION VALUE BY FORM IN %, ARGENTINA, 2017 VS 2023 VS 2030
- Figure 104:
- CONVENTIONAL FERTILIZER CONSUMPTION IN METRIC TON, ARGENTINA, 2017 - 2030
- Figure 105:
- CONVENTIONAL FERTILIZER CONSUMPTION IN USD, ARGENTINA, 2017 - 2030
- Figure 106:
- CONVENTIONAL FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ARGENTINA, 2022 VS 2030
- Figure 107:
- FERTILIZER CONSUMPTION BY SPECIALITY TYPE IN METRIC TON, ARGENTINA, 2017 - 2030
- Figure 108:
- FERTILIZER CONSUMPTION BY SPECIALITY TYPE IN USD, ARGENTINA, 2017 - 2030
- Figure 109:
- FERTILIZER CONSUMPTION VOLUME BY SPECIALITY TYPE IN %, ARGENTINA, 2017 VS 2023 VS 2030
- Figure 110:
- FERTILIZER CONSUMPTION VALUE BY SPECIALITY TYPE IN %, ARGENTINA, 2017 VS 2023 VS 2030
- Figure 111:
- CRF FERTILIZER CONSUMPTION IN METRIC TON, ARGENTINA, 2017 - 2030
- Figure 112:
- CRF FERTILIZER CONSUMPTION IN USD, ARGENTINA, 2017 - 2030
- Figure 113:
- CRF FERTILIZER CONSUMPTION BY CROP TYPE IN USD, ARGENTINA, 2017 - 2030
- Figure 114:
- LIQUID FERTILIZER FERTILIZER CONSUMPTION IN METRIC TON, ARGENTINA, 2017 - 2030
- Figure 115:
- LIQUID FERTILIZER FERTILIZER CONSUMPTION IN USD, ARGENTINA, 2017 - 2030
- Figure 116:
- LIQUID FERTILIZER FERTILIZER CONSUMPTION BY CROP TYPE IN USD, ARGENTINA, 2017 - 2030
- Figure 117:
- SRF FERTILIZER CONSUMPTION IN METRIC TON, ARGENTINA, 2017 - 2030
- Figure 118:
- SRF FERTILIZER CONSUMPTION IN USD, ARGENTINA, 2017 - 2030
- Figure 119:
- SRF FERTILIZER CONSUMPTION BY CROP TYPE IN USD, ARGENTINA, 2017 - 2030
- Figure 120:
- WATER SOLUBLE FERTILIZER CONSUMPTION IN METRIC TON, ARGENTINA, 2017 - 2030
- Figure 121:
- WATER SOLUBLE FERTILIZER CONSUMPTION IN USD, ARGENTINA, 2017 - 2030
- Figure 122:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY CROP TYPE IN USD, ARGENTINA, 2017 - 2030
- Figure 123:
- FERTILIZER CONSUMPTION BY APPLICATION MODE IN METRIC TON, ARGENTINA, 2017 - 2030
- Figure 124:
- FERTILIZER CONSUMPTION BY APPLICATION MODE IN USD, ARGENTINA, 2017 - 2030
- Figure 125:
- FERTILIZER CONSUMPTION VOLUME BY APPLICATION MODE IN %, ARGENTINA, 2017 VS 2023 VS 2030
- Figure 126:
- FERTILIZER CONSUMPTION VALUE BY APPLICATION MODE IN %, ARGENTINA, 2017 VS 2023 VS 2030
- Figure 127:
- FERTIGATION APPLICATION OF FERTILIZER IN METRIC TON, ARGENTINA, 2017 - 2030
- Figure 128:
- FERTIGATION APPLICATION OF FERTILIZER IN USD, ARGENTINA, 2017 - 2030
- Figure 129:
- FERTIGATION APPLICATION OF FERTILIZER IN VALUE BY CROP TYPE IN %, ARGENTINA, 2023 VS 2030
- Figure 130:
- FOLIAR APPLICATION OF FERTILIZER IN METRIC TON, ARGENTINA, 2017 - 2030
- Figure 131:
- FOLIAR APPLICATION OF FERTILIZER IN USD, ARGENTINA, 2017 - 2030
- Figure 132:
- FOLIAR APPLICATION OF FERTILIZER IN VALUE BY CROP TYPE IN %, ARGENTINA, 2023 VS 2030
- Figure 133:
- SOIL APPLICATION OF FERTILIZER IN METRIC TON, ARGENTINA, 2017 - 2030
- Figure 134:
- SOIL APPLICATION OF FERTILIZER IN USD, ARGENTINA, 2017 - 2030
- Figure 135:
- SOIL APPLICATION OF FERTILIZER IN VALUE BY CROP TYPE IN %, ARGENTINA, 2023 VS 2030
- Figure 136:
- FERTILIZER CONSUMPTION BY CROP TYPE IN METRIC TON, ARGENTINA, 2017 - 2030
- Figure 137:
- FERTILIZER CONSUMPTION BY CROP TYPE IN USD, ARGENTINA, 2017 - 2030
- Figure 138:
- FERTILIZER CONSUMPTION VOLUME BY CROP TYPE IN %, ARGENTINA, 2017 VS 2023 VS 2030
- Figure 139:
- FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ARGENTINA, 2017 VS 2023 VS 2030
- Figure 140:
- FIELD CROPS FERTILIZER CONSUMPTION BY FIELD CROPS IN METRIC TON, ARGENTINA, 2017 - 2030
- Figure 141:
- FIELD CROPS FERTILIZER CONSUMPTION BY FIELD CROPS IN USD, ARGENTINA, 2017 - 2030
- Figure 142:
- FIELD CROPS FERTILIZER CONSUMPTION VALUE BY TYPE IN %, ARGENTINA, 2023 VS 2030
- Figure 143:
- HORTICULTURAL CROPS FERTILIZER CONSUMPTION BY HORTICULTURAL CROPS IN METRIC TON, ARGENTINA, 2017 - 2030
- Figure 144:
- HORTICULTURAL CROPS FERTILIZER CONSUMPTION BY HORTICULTURAL CROPS IN USD, ARGENTINA, 2017 - 2030
- Figure 145:
- HORTICULTURAL CROPS FERTILIZER CONSUMPTION VALUE BY TYPE IN %, ARGENTINA, 2023 VS 2030
- Figure 146:
- TURF & ORNAMENTAL FERTILIZER CONSUMPTION BY TURF & ORNAMENTAL IN METRIC TON, ARGENTINA, 2017 - 2030
- Figure 147:
- TURF & ORNAMENTAL FERTILIZER CONSUMPTION BY TURF & ORNAMENTAL IN USD, ARGENTINA, 2017 - 2030
- Figure 148:
- TURF & ORNAMENTAL FERTILIZER CONSUMPTION VALUE BY TYPE IN %, ARGENTINA, 2023 VS 2030
- Figure 149:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, ARGENTINA, 2017 - 2030
- Figure 150:
- ARGENTINA FERTILIZER MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
- Figure 151:
- MARKET SHARE OF MAJOR PLAYERS IN %, ARGENTINA, 2022
Argentina Fertilizer Industry Segmentation
Complex, Straight are covered as segments by Type. Conventional, Speciality are covered as segments by Form. Fertigation, Foliar, Soil are covered as segments by Application Mode. Field Crops, Horticultural Crops, Turf & Ornamental are covered as segments by Crop Type.
- Argentina's fertilizer consumption in 2022 was dominated by field crops, constituting 97.6% of the total. This translated to a consumption volume of 7.6 million metric tons, valued at USD 6.8 billion. With its diverse climate and soil profiles, Argentina stands as a prominent agricultural player in the region, fostering an ideal setting for cultivating a wide array of field crops.
- Horticultural crops emerged as the second-largest fertilizer consumer in Argentina in 2022, accounting for 2.3% of the total. This segment amounted to a value of USD 158.1 million, with a volume of 176.6 thousand metric tons. Despite a decline in horticultural cultivation area from 870.8 thousand hectares in 2017 to 831.1 thousand hectares in 2022, the demand for fertilizers surged. This uptick was propelled by the increasing appetite for high-value crops like fruits and vegetables, driven by concerns over hidden hunger and malnutrition. To optimize yields per hectare in horticultural agriculture, there is a growing impetus to intensify fertilizer application.
- Turf and ornamental crops, though a minor player, accounted for less than 1% of Argentina's fertilizer consumption in 2022. This segment's market value stood at USD 7.2 million, with 8.0 thousand metric tons of fertilizer utilized. The uptick in global demand for Argentinian flowers has played a role in bolstering fertilizer consumption in this sector.
- Looking ahead, the period 2023-2030 suggests a rising trend in fertilizer usage across different crop categories. This surge is fueled by the dual imperatives of meeting the food demands of a burgeoning global population and the drive for enhanced yields and crop productivity.
| Type | Complex | ||
| Straight | Micronutrients | Boron | |
| Copper | |||
| Iron | |||
| Manganese | |||
| Molybdenum | |||
| Zinc | |||
| Others | |||
| Straight | Nitrogenous | Ammonium Nitrate | |
| Anhydrous Ammonia | |||
| Urea | |||
| Others | |||
| Straight | Phosphatic | DAP | |
| MAP | |||
| SSP | |||
| TSP | |||
| Others | |||
| Straight | Potassic | MoP | |
| SoP | |||
| Others | |||
| Straight | Secondary Macronutrients | Calcium | |
| Magnesium | |||
| Sulfur | |||
| Form | Conventional | ||
| Speciality | CRF | ||
| Liquid Fertilizer | |||
| SRF | |||
| Water Soluble | |||
| Application Mode | Fertigation | ||
| Foliar | |||
| Soil | |||
| Crop Type | Field Crops | ||
| Horticultural Crops | |||
| Turf & Ornamental |
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Market Definition
- MARKET ESTIMATION LEVEL - Market Estimations for various types of fertilizers has been done at the product-level and not at the nutrient-level.
- NUTRIENT TYPES COVERED - Primary Nutrients: N, P and K, Secondary Macronutrients: Ca, Mg and S, Micronutients: Zn, Mn, Cu, Fe, Mo, B, and Others
- AVERAGE NUTRIENT APPLICATION RATE - This refers to the average volume of nutrient consumed per hectare of farmland in each country.
- CROP TYPES COVERED - Field Crops: Cereals, Pulses, Oilseeds, and Fiber Crops Horticulture: Fruits, Vegetables, Plantation Crops and Spices, Turf Grass and Ornamentals
| Keyword | Definition |
|---|---|
| Fertilizer | Chemical substance applied to crops to ensure nutritional requirements, available in various forms such as granules, powders, liquid, water soluble, etc. |
| Specialty Fertilizer | Used for enhanced efficiency and nutrient availability applied through soil, foliar, and fertigation. Includes CRF, SRF, liquid fertilizer, and water soluble fertilizers. |
| Controlled-Release Fertilizers (CRF) | Coated with materials such as polymer, polymer-sulfur, and other materials such as resins to ensure nutrient availability to the crop for its entire life cycle. |
| Slow-Release Fertilizers (SRF) | Coated with materials such as sulfur, neem, etc., to ensure nutrient availability to the crop for a longer period. |
| Foliar Fertilizers | Consist of both liquid and water soluble fertilizers applied through foliar application. |
| Water-Soluble Fertilizers | Available in various forms including liquid, powder, etc., used in foliar and fertigation mode of fertilizer application. |
| Fertigation | Fertilizers applied through different irrigation systems such as drip irrigation, micro irrigation, sprinkler irrigation, etc. |
| Anhydrous Ammonia | Used as fertilizer, directly injected into the soil, available in gaseous liquid form. |
| Single Super Phosphate (SSP) | Phosphorus fertilizer containing only phosphorus which has lesser than or equal to 35%. |
| Triple Super Phosphate (TSP) | Phosphorus fertilizer containing only phosphorus greater than 35%. |
| Enhanced Efficiency Fertilizers | Fertilizers coated or treated with additional layers of various ingredients to make it more efficient compared to other fertilizers. |
| Conventional Fertilizer | Fertilizers applied to crops through traditional methods including broadcasting, row placement, ploughing soil placement, etc. |
| Chelated Micronutrients | Micronutrient fertilizers coated with chelating agents such as EDTA, EDDHA, DTPA, HEDTA, etc. |
| Liquid Fertilizers | Available in liquid form, majorly used for application of fertilizers to crops through foliar and fertigation. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: IDENTIFY KEY VARIABLES: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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