Brazil Fertilizers Market Size

The Brazil Fertilizers Market is experiencing growth driven by the need to address soil fertility depletion due to continuous farming practices and the demand for sustainable fertilizers. The market's expansion is largely attributed to the dominance of field crop fertilizers, which constitute a significant portion of the market value, as farmers intensify fertilizer use to enhance yields and soil health. Although horticultural crop fertilizers represent a smaller segment, their usage is increasing to compensate for reduced cultivation areas. The turf and ornamental sector, while having a minimal market share, is also contributing to market growth due to rising demand. Challenges such as droughts, water scarcity, and nutrient deficiencies are further propelling the need for fertilizers to sustain agricultural productivity and crop quality in Brazil.

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Market Size of brazil fertilizers Industry

Brazil Fertilizers Market Summary
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svg icon Study Period 2017 - 2030
svg icon Market Size (2024) USD 35.78 Billion
svg icon Market Size (2030) USD 49.68 Billion
svg icon Largest Share by Crop Type Field Crops
svg icon CAGR (2024 - 2030) 5.62 %
svg icon Fastest Growing by Crop Type Field Crops

Major Players

Brazil Fertilizers Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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Brazil Fertilizers Market Analysis

The Brazil Fertilizers Market size is estimated at 35.78 billion USD in 2024, and is expected to reach 49.68 billion USD by 2030, growing at a CAGR of 5.62% during the forecast period (2024-2030).

35.78 Billion

Market Size in 2024 (USD)

49.68 Billion

Market Size in 2030 (USD)

8.42 %

CAGR (2017-2023)

5.62 %

CAGR (2024-2030)

Largest segment by Product

39.55 %

value share, MoP, 2023

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Frequent droughts adversely worsen the potassium content in the soils, which will be supplemented by potassium-based fertilizers, this may increase the usage of MOP in Brazil.

Largest Segment by Crop Type

96.22 %

value share, Field Crops, 2023

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The domination of field crops in Fertilizers market is mainly due to its large cultivation area in the country. They account for more than 96% of total crop area.

Fastest Growing Speciality Type

7.10 %

Projected CAGR, CRF, 2024-2030

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The government laws designed to minimize the environmental impact of excessive fertilizer accumulation and soil depletion will drive the demand for CRF in Brazil.

Largest segment by Application Mode

94.93 %

value share, Soil, 2023

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In 2022, soil application emerged as the dominant mode of fertilization, attributed to the widespread use of both complex and conventional fertilizers via this mode.

Leading Market Player

14.55 %

market share, Yara International ASA, 2022

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Yara International involves in production and marketing of crop nutrition products and solutions. Which includes foliar, water soluble, micronutrient and other fertilizers.

Growing adoption of fertilizers to ensure food security is expected to drive the market

  • Continuous long-term farming without crop rotation has depleted farmland fertility in Brazil, necessitating increased fertilizer usage. Rising environmental concerns have further bolstered the demand for sustainable fertilizers in field crops.
  • In 2022, field crop fertilizers dominated the market, accounting for 96.2% of the country's market value. This segment is projected to witness a CAGR of 5.6%. Intensive and monoculture practices have depleted soil nutrients in field crops, necessitating higher fertilizer application to boost yields and enhance soil health.
  • In 2022, horticultural crop fertilizers represented 3.8% of Brazil's fertilizer market. The horticulture cultivation area decreased from 3.4 million hectares in 2017 to 3.3 million hectares in 2022. To compensate for the reduced cultivation area, farmers are intensifying fertilizer usage, aiming for higher yields and improved crop quality.
  • The turf and ornamental industry is forecasted to record a CAGR of 5.4% during the study period, with a market share of less than 1% in 2022. This is primarily due to their smaller cultivation areas compared to other crops. In recent years, the production of turf and ornamental plants has surged, driven by increased demand across various applications, further fueling the fertilizer market for better nutrient management and aesthetic plant quality.
  • Factors such as recent droughts, escalating water scarcity, and nutrient deficiencies from intensive agricultural practices are poised to propel the fertilizer market in the country as farmers seek solutions to maintain productivity and crop health.
Brazil Fertilizers Market

Brazil Fertilizers 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.

  • Continuous long-term farming without crop rotation has depleted farmland fertility in Brazil, necessitating increased fertilizer usage. Rising environmental concerns have further bolstered the demand for sustainable fertilizers in field crops.
  • In 2022, field crop fertilizers dominated the market, accounting for 96.2% of the country's market value. This segment is projected to witness a CAGR of 5.6%. Intensive and monoculture practices have depleted soil nutrients in field crops, necessitating higher fertilizer application to boost yields and enhance soil health.
  • In 2022, horticultural crop fertilizers represented 3.8% of Brazil's fertilizer market. The horticulture cultivation area decreased from 3.4 million hectares in 2017 to 3.3 million hectares in 2022. To compensate for the reduced cultivation area, farmers are intensifying fertilizer usage, aiming for higher yields and improved crop quality.
  • The turf and ornamental industry is forecasted to record a CAGR of 5.4% during the study period, with a market share of less than 1% in 2022. This is primarily due to their smaller cultivation areas compared to other crops. In recent years, the production of turf and ornamental plants has surged, driven by increased demand across various applications, further fueling the fertilizer market for better nutrient management and aesthetic plant quality.
  • Factors such as recent droughts, escalating water scarcity, and nutrient deficiencies from intensive agricultural practices are poised to propel the fertilizer market in the country as farmers seek solutions to maintain productivity and crop health.
Type
Complex
Straight
Micronutrients
Boron
Copper
Iron
Manganese
Molybdenum
Zinc
Others
Nitrogenous
Ammonium Nitrate
Urea
Others
Phosphatic
DAP
MAP
SSP
TSP
Others
Potassic
MoP
SoP
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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Brazil Fertilizers Market Size Summary

The Brazil Fertilizers Market is experiencing significant growth, driven by the need to enhance soil fertility due to continuous long-term farming practices and the depletion of nutrients from intensive and monoculture agricultural methods. The demand for sustainable fertilizers is rising, particularly in the field crop segment, which dominates the market. This segment's growth is fueled by the increasing necessity to boost yields and improve soil health, as Brazil transitions from a major food grain importer to a key exporter of crops like soybean, rice, maize, and cotton. The expansion of arable land and the diversification of crop cultivation areas further contribute to the market's expansion, with soybean and corn being the most prominent crops in the country's agricultural landscape.

The market is characterized by a fragmented structure, with major players like ICL Group Ltd, Nortox, Nutrien Ltd., The Mosaic Company, and Yara International ASA holding significant shares. The demand for primary nutrients such as nitrogen, potassium, and phosphorus is high, as these are crucial for crop growth and yield enhancement. Recent acquisitions and strategic partnerships among key companies indicate a trend towards expanding operations and optimizing product offerings to meet the growing agricultural demands. The market's growth trajectory is supported by the increasing application rates of these nutrients, addressing challenges such as droughts, water scarcity, and nutrient deficiencies, which are critical for maintaining agricultural productivity in Brazil.

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Brazil Fertilizers Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)

    1. 1.1 Type

      1. 1.1.1 Complex

      2. 1.1.2 Straight

        1. 1.1.2.1 Micronutrients

          1. 1.1.2.1.1 Boron

          2. 1.1.2.1.2 Copper

          3. 1.1.2.1.3 Iron

          4. 1.1.2.1.4 Manganese

          5. 1.1.2.1.5 Molybdenum

          6. 1.1.2.1.6 Zinc

          7. 1.1.2.1.7 Others

        2. 1.1.2.2 Nitrogenous

          1. 1.1.2.2.1 Ammonium Nitrate

          2. 1.1.2.2.2 Urea

          3. 1.1.2.2.3 Others

        3. 1.1.2.3 Phosphatic

          1. 1.1.2.3.1 DAP

          2. 1.1.2.3.2 MAP

          3. 1.1.2.3.3 SSP

          4. 1.1.2.3.4 TSP

          5. 1.1.2.3.5 Others

        4. 1.1.2.4 Potassic

          1. 1.1.2.4.1 MoP

          2. 1.1.2.4.2 SoP

        5. 1.1.2.5 Secondary Macronutrients

          1. 1.1.2.5.1 Calcium

          2. 1.1.2.5.2 Magnesium

          3. 1.1.2.5.3 Sulfur

    2. 1.2 Form

      1. 1.2.1 Conventional

      2. 1.2.2 Speciality

        1. 1.2.2.1 CRF

        2. 1.2.2.2 Liquid Fertilizer

        3. 1.2.2.3 SRF

        4. 1.2.2.4 Water Soluble

    3. 1.3 Application Mode

      1. 1.3.1 Fertigation

      2. 1.3.2 Foliar

      3. 1.3.3 Soil

    4. 1.4 Crop Type

      1. 1.4.1 Field Crops

      2. 1.4.2 Horticultural Crops

      3. 1.4.3 Turf & Ornamental

Brazil Fertilizers Market Size FAQs

The Brazil Fertilizers Market size is expected to reach USD 35.78 billion in 2024 and grow at a CAGR of 5.62% to reach USD 49.68 billion by 2030.

In 2024, the Brazil Fertilizers Market size is expected to reach USD 35.78 billion.

Brazil Fertilizers Market Report Snapshots

Brazil Fertilizers Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030