Australia Fertilizer Market Size
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 6.16 Billion |
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Market Size (2030) | USD 8.78 Billion |
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Largest Share by Crop Type | Field Crops |
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CAGR (2024 - 2030) | 6.08 % |
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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 |
Australia Fertilizer Market Analysis
The Australia Fertilizer Market size is estimated at 6.16 billion USD in 2024, and is expected to reach 8.78 billion USD by 2030, growing at a CAGR of 6.08% during the forecast period (2024-2030).
6.16 Billion
Market Size in 2024 (USD)
8.78 Billion
Market Size in 2030 (USD)
8.03 %
CAGR (2017-2023)
6.08 %
CAGR (2024-2030)
Largest segment by Form
94.32 %
value share, Conventional, 2023
Farmers favor conventional fertilizers for their easy availability, consistent supply, and cost-effectiveness. The market is projected to grow steadily in the coming years.
Largest Segment by Crop Type
97.21 %
value share, Field Crops, 2023
Higher nutrient requirement and growing concerns over nutrient leaching rising the adoption of control released fertilizers in filed crops making them largest crop type
Fastest growing by Speciality Type
9 %
Projected CAGR, CRF, 2024-2030
Controll released fertilizers are growing faster with the adoption of sustainable agricultural practices and their efficiency in reducing nutrient leaching and volatilization
Largest segment by Application Mode
94.80 %
value share, Soil, 2023
The dominance of soil application mode attributed to the rise in adoption of conventional fertilizers, CRFs, and SRFs resulted in the soil mode higher market share
Leading Market Player
14.51 %
market share, WESFARMERS LIMITED, 2022
The Company's range of fertilizers covers the nutritional inputs required by farmers engaged in winter crops, summer crops, horticulture, viticulture, and pastures.
Higher consumption is being driven by increased climatic events, such as floods, impacting major horticultural crop regions
- In 2022, field crops dominated the Australian fertilizer market, accounting for 97.2% of both its value and volume. Soil-based fertilizers commanded the lion's share of the market at 96.2%, with fertigation trailing at 2.0%. The lower adoption of fertigation, compared to soil-based fertilizers, can be attributed to its reliance on drip irrigation. Notably, only a small fraction of farmers, even among those cultivating field crops, employ surface drip (9%) or sub-surface drip (2%) irrigation.
- Horticulture crops secured the second-largest market share, valued at USD 138.5 million in 2022. The horticulture fertilizers market faced a setback in 2020-2021 due to severe flooding in key horticulture regions like Queensland and New South Wales. However, buoyed by robust overseas demand for premium fruits and vegetables, the fertilizer market is poised to register a 5.6% CAGR from 2023 to 2030. This growth is driven by the need to optimize plant growth, crop yield, and quality.
- The market for fertilizers catering to turf and ornamental crops reached USD 81.1 million in 2022, with a projected CAGR of 5.5% during 2023-2030. This growth is fueled by a rising demand for fertilizers to enhance the health and aesthetics of these plants.
- Moreover, farmers are increasingly recognizing the advantages of water-soluble and liquid fertilizers across various crop types. These fertilizers are swiftly absorbed by plants, facilitating rapid and efficient nutrient uptake. Consequently, the market for such fertilizers is anticipated to register a 5.0% CAGR during 2023-2030.
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Australia Fertilizer Market Trends
Australia has witnessed an increase in the acreage of field crops since 2021. The acreage increased by 2.8% between 2021 and 2022
- Wheat, barley, canola, sorghum, and cotton dominate Australia's field crop landscape. Wheat, in particular, holds the lion's share, covering 50.2% of the total field cropland. The leading states in field crop production are Western Australia, New South Wales, South Australia, Victoria, and Queensland. However, these states grappled with a severe drought in 2019, resulting in a 9.5% drop in acreage compared to the previous year.
- Since 2021, Australia has witnessed a notable increase in field crop acreage, with a 2.8% increase between 2021 and 2022. This surge can be attributed to both global and domestic demand for agricultural products, particularly wheat, barley, sorghum, and canola. Notably, a significant portion of Australian wheat is exported, with a remarkable 64% surge in exports seen in 2022-23 compared to 2019-2020.
- The expansion of acreage is also fueled by rising farmer incomes, buoyed by favorable seasonal conditions and surging commodity prices. Additionally, the ongoing grain dispute between Ukraine and Russia, centered around the Black Sea, has further bolstered Australian wheat prices, benefiting local farmers.
- Government initiatives, including subsidies and incentives, have played a pivotal role in encouraging farmers to expand their field crop acreage. These policies, aimed at boosting agricultural production and export potential, were evident in the Australian government's USD 30 million investment in 2023. This funding was specifically earmarked to help grain growers navigate risks such as drought and market volatility.
- Given the trends of expanding crop acreage, rising farm incomes, robust government support, and growing global and domestic demand, the demand for fertilizers is poised to surge.
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Among field crops, wheat stands out with its significant requirement of 228.8 kg per hectare
- Major field crops, including corn, rice, wheat, sorghum, soybean, canola, and cotton, have varying nutrient requirements. Wheat tops the list, requiring 228.8 kg/hectare, followed by rice at 155.4 kg/hectare, corn at 148.4 kg/hectare, cotton at 119.1 kg/hectare, canola at 110.0 kg/hectare, sorghum at 95.2 kg/hectare, and soybean at 61.2 kg/hectare. These primary nutrients are crucial for the healthy growth and optimal grain production of field crops.
- Among the primary nutrients, nitrogen is the most heavily applied, with an average rate of 221.4 kg/hectare. Nitrogen plays a pivotal role in grain production, particularly in leaf and stem development, which directly impacts photosynthesis and grain formation. Phosphorus, another essential nutrient, is typically applied as phosphate fertilizers like diammonium phosphate (DAP) or monoammonium phosphate (MAP), at an average rate of 60.1 kg/ha.
- Potassium is vital for plants, aiding in water absorption, enzyme activation, and overall health maintenance. On average, 90.2 kg/hectare of potassium is applied. In Australia, the agricultural sector grapples with a salinity problem, affecting over a million hectares of previously productive land. Consequently, the application of potash, a potassium fertilizer, is on the rise in the country.
- It is important to note that primary nutrient requirements can vary based on factors like soil quality, crop variety, and regional conditions. Given their significance as the main nutrient source for crops, the application rates of primary nutrients are expected to witness substantial growth in the coming years, driven by concerns about soil depletion and leaching.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- The expansion of cultivation in Australia led to an increase in acreage by 10.2% between 2017 and 2022
- Manganese had the highest application rate of 12.2 kg/ha in horticulture crops in 2022
- In 2023, the average application rate of secondary macronutrients accounted for 32.7 kg/ hectares
- Improved water resource management and infrastructure development have made it possible to equip more agricultural land for irrigation purposes in Australia
- Manganese, copper, zinc, and iron had the highest application rates of 9.7, 4.1, and 3.3 kg/hectare, respectively, in 2023
- Manganese, copper, zinc, iron, and boron are the region's most widely used micronutrients for vegetable crops
- In Australia, onion, cabbage, and peas have a major secondary macronutrient application rate compared to other vegetable crops
Australia Fertilizer Industry Overview
The Australia Fertilizer Market is fragmented, with the top five companies occupying 37.22%. The major players in this market are ICL Group Ltd, Incitec Pivot Fertilisers, K+S Aktiengesellschaft, WESFARMERS LIMITED and Yara International ASA (sorted alphabetically).
Australia Fertilizer Market Leaders
ICL Group Ltd
Incitec Pivot Fertilisers
K+S Aktiengesellschaft
WESFARMERS LIMITED
Yara International ASA
Other important companies include Grupa Azoty S.A. (Compo Expert), Haifa Group, Koch Industries Inc., Nutrien Ltd..
*Disclaimer: Major Players sorted in alphabetical order.
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Australia Fertilizer Market News
- April 2023: K+S acquired a 75% share of the fertilizer business of a South African trading company, Industrial Commodities Holdings (Pty) Ltd (ICH). In addition to expanding the core business, K+S is strengthening its operations in southern and eastern Africa as a result of this acquisition. The newly acquired fertilizer business in the future is to be operated in a joint venture under the name of FertivPty Ltd.
- 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.
- June 2022: KAES, through an associate, acquired a 50% interest in Jorf Fertilizers Company III, JFC III, from OCP and established a 50-50 joint venture between the two companies. This Joint venture will leverage both OCP and KAES' customer base and their logistical capacity to further increase the supply of phosphate-based fertilizers throughout the globe.
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.
Australia 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
-
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)
-
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
-
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
-
6.4 Company Profiles
- 6.4.1 Grupa Azoty S.A. (Compo Expert)
- 6.4.2 Haifa Group
- 6.4.3 ICL Group Ltd
- 6.4.4 Incitec Pivot Fertilisers
- 6.4.5 K+S Aktiengesellschaft
- 6.4.6 Koch Industries Inc.
- 6.4.7 Nutrien Ltd.
- 6.4.8 WESFARMERS LIMITED
- 6.4.9 Yara International ASA
- *List Not Exhaustive
7. KEY STRATEGIC QUESTIONS FOR FERTILIZER CEOS
8. APPENDIX
-
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, AUSTRALIA, 2017 - 2022
- Figure 2:
- CULTIVATION OF HORTICULTURAL CROPS IN HECTARE, AUSTRALIA, 2017 - 2022
- Figure 3:
- CONSUMPTION OF MICRONUTRIENTS BY FIELD CROPS IN KG/HECTARE, AUSTRALIA, 2022
- Figure 4:
- CONSUMPTION OF MICRONUTRIENTS BY HORTICULTURAL CROPS IN KG/HECTARE, AUSTRALIA, 2022
- Figure 5:
- CONSUMPTION OF PRIMARY NUTRIENTS BY FIELD CROPS IN KG/HECTARE, AUSTRALIA, 2022
- Figure 6:
- CONSUMPTION OF PRIMARY NUTRIENTS BY HORTICULTURAL CROPS IN KG/HECTARE, AUSTRALIA, 2022
- Figure 7:
- CONSUMPTION OF SECONDARY MACRONUTRIENTS BY FIELD CROPS IN KG/HECTARE, AUSTRALIA, 2022
- Figure 8:
- CONSUMPTION OF SECONDARY MACRONUTRIENTS BY HORTICULTURAL CROPS IN KG/HECTARE, AUSTRALIA, 2022
- Figure 9:
- AGRICULTURAL LAND EQUIPPED FOR IRRIGATION IN HECTARE, AUSTRALIA, 2022
- Figure 10:
- FERTILIZER FERTILIZER CONSUMPTION IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 11:
- FERTILIZER FERTILIZER CONSUMPTION IN USD, AUSTRALIA, 2017 - 2030
- Figure 12:
- FERTILIZER CONSUMPTION BY TYPE IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 13:
- FERTILIZER CONSUMPTION BY TYPE IN USD, AUSTRALIA, 2017 - 2030
- Figure 14:
- FERTILIZER CONSUMPTION VOLUME BY TYPE IN %, AUSTRALIA, 2017 VS 2023 VS 2030
- Figure 15:
- FERTILIZER CONSUMPTION VALUE BY TYPE IN %, AUSTRALIA, 2017 VS 2023 VS 2030
- Figure 16:
- FERTILIZER CONSUMPTION IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 17:
- FERTILIZER CONSUMPTION IN USD, AUSTRALIA, 2017 - 2030
- Figure 18:
- FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, AUSTRALIA, 2023 VS 2030
- Figure 19:
- STRAIGHT FERTILIZER CONSUMPTION BY NUTRIENT IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 20:
- STRAIGHT FERTILIZER CONSUMPTION BY NUTRIENT IN USD, AUSTRALIA, 2017 - 2030
- Figure 21:
- STRAIGHT FERTILIZER CONSUMPTION VOLUME BY NUTRIENT IN %, AUSTRALIA, 2017 VS 2023 VS 2030
- Figure 22:
- STRAIGHT FERTILIZER CONSUMPTION VALUE BY NUTRIENT IN %, AUSTRALIA, 2017 VS 2023 VS 2030
- Figure 23:
- MICRONUTRIENTS FERTILIZER CONSUMPTION BY PRODUCT IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 24:
- MICRONUTRIENTS FERTILIZER CONSUMPTION BY PRODUCT IN USD, AUSTRALIA, 2017 - 2030
- Figure 25:
- MICRONUTRIENTS FERTILIZER CONSUMPTION VOLUME BY PRODUCT IN %, AUSTRALIA, 2017 VS 2023 VS 2030
- Figure 26:
- MICRONUTRIENTS FERTILIZER CONSUMPTION VALUE BY PRODUCT IN %, AUSTRALIA, 2017 VS 2023 VS 2030
- Figure 27:
- BORON FERTILIZER CONSUMPTION IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 28:
- BORON FERTILIZER CONSUMPTION IN USD, AUSTRALIA, 2017 - 2030
- Figure 29:
- BORON FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, AUSTRALIA, 2023 VS 2030
- Figure 30:
- COPPER FERTILIZER CONSUMPTION IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 31:
- COPPER FERTILIZER CONSUMPTION IN USD, AUSTRALIA, 2017 - 2030
- Figure 32:
- COPPER FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, AUSTRALIA, 2023 VS 2030
- Figure 33:
- IRON FERTILIZER CONSUMPTION IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 34:
- IRON FERTILIZER CONSUMPTION IN USD, AUSTRALIA, 2017 - 2030
- Figure 35:
- IRON FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, AUSTRALIA, 2023 VS 2030
- Figure 36:
- MANGANESE FERTILIZER CONSUMPTION IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 37:
- MANGANESE FERTILIZER CONSUMPTION IN USD, AUSTRALIA, 2017 - 2030
- Figure 38:
- MANGANESE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, AUSTRALIA, 2023 VS 2030
- Figure 39:
- MOLYBDENUM FERTILIZER CONSUMPTION IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 40:
- MOLYBDENUM FERTILIZER CONSUMPTION IN USD, AUSTRALIA, 2017 - 2030
- Figure 41:
- MOLYBDENUM FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, AUSTRALIA, 2023 VS 2030
- Figure 42:
- ZINC FERTILIZER CONSUMPTION IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 43:
- ZINC FERTILIZER CONSUMPTION IN USD, AUSTRALIA, 2017 - 2030
- Figure 44:
- ZINC FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, AUSTRALIA, 2023 VS 2030
- Figure 45:
- OTHERS FERTILIZER CONSUMPTION IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 46:
- OTHERS FERTILIZER CONSUMPTION IN USD, AUSTRALIA, 2017 - 2030
- Figure 47:
- OTHERS FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, AUSTRALIA, 2023 VS 2030
- Figure 48:
- NITROGENOUS FERTILIZER CONSUMPTION BY PRODUCT IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 49:
- NITROGENOUS FERTILIZER CONSUMPTION BY PRODUCT IN USD, AUSTRALIA, 2017 - 2030
- Figure 50:
- NITROGENOUS FERTILIZER CONSUMPTION VOLUME BY PRODUCT IN %, AUSTRALIA, 2017 VS 2023 VS 2030
- Figure 51:
- NITROGENOUS FERTILIZER CONSUMPTION VALUE BY PRODUCT IN %, AUSTRALIA, 2017 VS 2023 VS 2030
- Figure 52:
- AMMONIUM NITRATE FERTILIZER CONSUMPTION IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 53:
- AMMONIUM NITRATE FERTILIZER CONSUMPTION IN USD, AUSTRALIA, 2017 - 2030
- Figure 54:
- AMMONIUM NITRATE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, AUSTRALIA, 2023 VS 2030
- Figure 55:
- ANHYDROUS AMMONIA FERTILIZER CONSUMPTION IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 56:
- ANHYDROUS AMMONIA FERTILIZER CONSUMPTION IN USD, AUSTRALIA, 2017 - 2030
- Figure 57:
- ANHYDROUS AMMONIA FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, AUSTRALIA, 2023 VS 2030
- Figure 58:
- UREA FERTILIZER CONSUMPTION IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 59:
- UREA FERTILIZER CONSUMPTION IN USD, AUSTRALIA, 2017 - 2030
- Figure 60:
- UREA FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN USD, AUSTRALIA, 2017 - 2030
- Figure 61:
- OTHERS FERTILIZER CONSUMPTION IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 62:
- OTHERS FERTILIZER CONSUMPTION IN USD, AUSTRALIA, 2017 - 2030
- Figure 63:
- OTHERS FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, AUSTRALIA, 2023 VS 2030
- Figure 64:
- PHOSPHATIC FERTILIZER CONSUMPTION BY PRODUCT IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 65:
- PHOSPHATIC FERTILIZER CONSUMPTION BY PRODUCT IN USD, AUSTRALIA, 2017 - 2030
- Figure 66:
- PHOSPHATIC FERTILIZER CONSUMPTION VOLUME BY PRODUCT IN %, AUSTRALIA, 2017 VS 2023 VS 2030
- Figure 67:
- PHOSPHATIC FERTILIZER CONSUMPTION VALUE BY PRODUCT IN %, AUSTRALIA, 2017 VS 2023 VS 2030
- Figure 68:
- DAP FERTILIZER CONSUMPTION IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 69:
- DAP FERTILIZER CONSUMPTION IN USD, AUSTRALIA, 2017 - 2030
- Figure 70:
- DAP FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, AUSTRALIA, 2023 VS 2030
- Figure 71:
- MAP FERTILIZER CONSUMPTION IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 72:
- MAP FERTILIZER CONSUMPTION IN USD, AUSTRALIA, 2017 - 2030
- Figure 73:
- MAP FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, AUSTRALIA, 2023 VS 2030
- Figure 74:
- SSP FERTILIZER CONSUMPTION IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 75:
- SSP FERTILIZER CONSUMPTION IN USD, AUSTRALIA, 2017 - 2030
- Figure 76:
- SSP FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, AUSTRALIA, 2023 VS 2030
- Figure 77:
- TSP FERTILIZER CONSUMPTION IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 78:
- TSP FERTILIZER CONSUMPTION IN USD, AUSTRALIA, 2017 - 2030
- Figure 79:
- TSP FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, AUSTRALIA, 2023 VS 2030
- Figure 80:
- OTHERS FERTILIZER CONSUMPTION IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 81:
- OTHERS FERTILIZER CONSUMPTION IN USD, AUSTRALIA, 2017 - 2030
- Figure 82:
- OTHERS FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, AUSTRALIA, 2023 VS 2030
- Figure 83:
- POTASSIC FERTILIZER CONSUMPTION BY PRODUCT IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 84:
- POTASSIC FERTILIZER CONSUMPTION BY PRODUCT IN USD, AUSTRALIA, 2017 - 2030
- Figure 85:
- POTASSIC FERTILIZER CONSUMPTION VOLUME BY PRODUCT IN %, AUSTRALIA, 2017 VS 2023 VS 2030
- Figure 86:
- POTASSIC FERTILIZER CONSUMPTION VALUE BY PRODUCT IN %, AUSTRALIA, 2017 VS 2023 VS 2030
- Figure 87:
- MOP FERTILIZER CONSUMPTION IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 88:
- MOP FERTILIZER CONSUMPTION IN USD, AUSTRALIA, 2017 - 2030
- Figure 89:
- MOP FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, AUSTRALIA, 2023 VS 2030
- Figure 90:
- SOP FERTILIZER CONSUMPTION IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 91:
- SOP FERTILIZER CONSUMPTION IN USD, AUSTRALIA, 2017 - 2030
- Figure 92:
- SOP FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, AUSTRALIA, 2023 VS 2030
- Figure 93:
- OTHERS FERTILIZER CONSUMPTION IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 94:
- OTHERS FERTILIZER CONSUMPTION IN USD, AUSTRALIA, 2017 - 2030
- Figure 95:
- OTHERS FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, AUSTRALIA, 2023 VS 2030
- Figure 96:
- SECONDARY MACRONUTRIENTS FERTILIZER CONSUMPTION BY PRODUCT IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 97:
- SECONDARY MACRONUTRIENTS FERTILIZER CONSUMPTION BY PRODUCT IN USD, AUSTRALIA, 2017 - 2030
- Figure 98:
- SECONDARY MACRONUTRIENTS FERTILIZER CONSUMPTION VOLUME BY PRODUCT IN %, AUSTRALIA, 2017 VS 2023 VS 2030
- Figure 99:
- SECONDARY MACRONUTRIENTS FERTILIZER CONSUMPTION VALUE BY PRODUCT IN %, AUSTRALIA, 2017 VS 2023 VS 2030
- Figure 100:
- CALCIUM FERTILIZER CONSUMPTION IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 101:
- CALCIUM FERTILIZER CONSUMPTION IN USD, AUSTRALIA, 2017 - 2030
- Figure 102:
- CALCIUM FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, AUSTRALIA, 2023 VS 2030
- Figure 103:
- MAGNESIUM FERTILIZER CONSUMPTION IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 104:
- MAGNESIUM FERTILIZER CONSUMPTION IN USD, AUSTRALIA, 2017 - 2030
- Figure 105:
- MAGNESIUM FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, AUSTRALIA, 2023 VS 2030
- Figure 106:
- SULFUR FERTILIZER CONSUMPTION IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 107:
- SULFUR FERTILIZER CONSUMPTION IN USD, AUSTRALIA, 2017 - 2030
- Figure 108:
- SULFUR FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, AUSTRALIA, 2023 VS 2030
- Figure 109:
- FERTILIZER CONSUMPTION BY FORM IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 110:
- FERTILIZER CONSUMPTION BY FORM IN USD, AUSTRALIA, 2017 - 2030
- Figure 111:
- FERTILIZER CONSUMPTION VOLUME BY FORM IN %, AUSTRALIA, 2017 VS 2023 VS 2030
- Figure 112:
- FERTILIZER CONSUMPTION VALUE BY FORM IN %, AUSTRALIA, 2017 VS 2023 VS 2030
- Figure 113:
- FERTILIZER CONSUMPTION IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 114:
- FERTILIZER CONSUMPTION IN USD, AUSTRALIA, 2017 - 2030
- Figure 115:
- FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, AUSTRALIA, 2023 VS 2030
- Figure 116:
- FERTILIZER CONSUMPTION BY SPECIALITY TYPE IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 117:
- FERTILIZER CONSUMPTION BY SPECIALITY TYPE IN USD, AUSTRALIA, 2017 - 2030
- Figure 118:
- FERTILIZER CONSUMPTION VOLUME BY SPECIALITY TYPE IN %, AUSTRALIA, 2017 VS 2023 VS 2030
- Figure 119:
- FERTILIZER CONSUMPTION VALUE BY SPECIALITY TYPE IN %, AUSTRALIA, 2017 VS 2023 VS 2030
- Figure 120:
- CRF FERTILIZER CONSUMPTION IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 121:
- CRF FERTILIZER CONSUMPTION IN USD, AUSTRALIA, 2017 - 2030
- Figure 122:
- CRF FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, AUSTRALIA, 2023 VS 2030
- Figure 123:
- LIQUID ALL FERTILIZER CONSUMPTION IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 124:
- LIQUID ALL FERTILIZER CONSUMPTION IN USD, AUSTRALIA, 2017 - 2030
- Figure 125:
- LIQUID ALL FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, AUSTRALIA, 2023 VS 2030
- Figure 126:
- SRF FERTILIZER CONSUMPTION IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 127:
- SRF FERTILIZER CONSUMPTION IN USD, AUSTRALIA, 2017 - 2030
- Figure 128:
- SRF FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, AUSTRALIA, 2023 VS 2030
- Figure 129:
- WATER SOLUBLE FERTILIZER CONSUMPTION IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 130:
- WATER SOLUBLE FERTILIZER CONSUMPTION IN USD, AUSTRALIA, 2017 - 2030
- Figure 131:
- WATER SOLUBLE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, AUSTRALIA, 2023 VS 2030
- Figure 132:
- FERTILIZER CONSUMPTION BY APPLICATION MODE IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 133:
- FERTILIZER CONSUMPTION BY APPLICATION MODE IN USD, AUSTRALIA, 2017 - 2030
- Figure 134:
- FERTILIZER CONSUMPTION VOLUME BY APPLICATION MODE IN %, AUSTRALIA, 2017 VS 2023 VS 2030
- Figure 135:
- FERTILIZER CONSUMPTION VALUE BY APPLICATION MODE IN %, AUSTRALIA, 2017 VS 2023 VS 2030
- Figure 136:
- FERTIGATION APPLICATION OF FERTILIZER IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 137:
- FERTIGATION APPLICATION OF FERTILIZER IN USD, AUSTRALIA, 2017 - 2030
- Figure 138:
- FERTIGATION APPLICATION OF FERTILIZER IN VALUE BY CROP TYPE IN %, AUSTRALIA, 2023 VS 2030
- Figure 139:
- FOLIAR APPLICATION OF FERTILIZER IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 140:
- FOLIAR APPLICATION OF FERTILIZER IN USD, AUSTRALIA, 2017 - 2030
- Figure 141:
- FOLIAR APPLICATION OF FERTILIZER IN VALUE BY CROP TYPE IN %, AUSTRALIA, 2023 VS 2030
- Figure 142:
- SOIL APPLICATION OF FERTILIZER IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 143:
- SOIL APPLICATION OF FERTILIZER IN USD, AUSTRALIA, 2017 - 2030
- Figure 144:
- SOIL APPLICATION OF FERTILIZER IN VALUE BY CROP TYPE IN %, AUSTRALIA, 2023 VS 2030
- Figure 145:
- FERTILIZER CONSUMPTION BY CROP TYPE IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 146:
- FERTILIZER CONSUMPTION BY CROP TYPE IN USD, AUSTRALIA, 2017 - 2030
- Figure 147:
- FERTILIZER CONSUMPTION VOLUME BY CROP TYPE IN %, AUSTRALIA, 2017 VS 2023 VS 2030
- Figure 148:
- FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, AUSTRALIA, 2017 VS 2023 VS 2030
- Figure 149:
- FERTILIZER CONSUMPTION BY FIELD CROPS IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 150:
- FERTILIZER CONSUMPTION BY FIELD CROPS IN USD, AUSTRALIA, 2017 - 2030
- Figure 151:
- FERTILIZER CONSUMPTION VALUE BY SPECIALITY TYPE IN %, AUSTRALIA, 2023 VS 2030
- Figure 152:
- FERTILIZER CONSUMPTION BY HORTICULTURAL CROPS IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 153:
- FERTILIZER CONSUMPTION BY HORTICULTURAL CROPS IN USD, AUSTRALIA, 2017 - 2030
- Figure 154:
- FERTILIZER CONSUMPTION VALUE BY SPECIALITY TYPE IN %, AUSTRALIA, 2023 VS 2030
- Figure 155:
- FERTILIZER CONSUMPTION BY TURF & ORNAMENTAL IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 156:
- FERTILIZER CONSUMPTION BY TURF & ORNAMENTAL IN USD, AUSTRALIA, 2017 - 2030
- Figure 157:
- FERTILIZER CONSUMPTION VALUE BY SPECIALITY TYPE IN %, AUSTRALIA, 2023 VS 2030
- Figure 158:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, AUSTRALIA, 2017 - 2030
- Figure 159:
- AUSTRALIA FERTILIZER MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
- Figure 160:
- MARKET SHARE OF MAJOR PLAYERS IN %, AUSTRALIA, 2022
Australia 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.
- In 2022, field crops dominated the Australian fertilizer market, accounting for 97.2% of both its value and volume. Soil-based fertilizers commanded the lion's share of the market at 96.2%, with fertigation trailing at 2.0%. The lower adoption of fertigation, compared to soil-based fertilizers, can be attributed to its reliance on drip irrigation. Notably, only a small fraction of farmers, even among those cultivating field crops, employ surface drip (9%) or sub-surface drip (2%) irrigation.
- Horticulture crops secured the second-largest market share, valued at USD 138.5 million in 2022. The horticulture fertilizers market faced a setback in 2020-2021 due to severe flooding in key horticulture regions like Queensland and New South Wales. However, buoyed by robust overseas demand for premium fruits and vegetables, the fertilizer market is poised to register a 5.6% CAGR from 2023 to 2030. This growth is driven by the need to optimize plant growth, crop yield, and quality.
- The market for fertilizers catering to turf and ornamental crops reached USD 81.1 million in 2022, with a projected CAGR of 5.5% during 2023-2030. This growth is fueled by a rising demand for fertilizers to enhance the health and aesthetics of these plants.
- Moreover, farmers are increasingly recognizing the advantages of water-soluble and liquid fertilizers across various crop types. These fertilizers are swiftly absorbed by plants, facilitating rapid and efficient nutrient uptake. Consequently, the market for such fertilizers is anticipated to register a 5.0% CAGR during 2023-2030.
| 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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