Market Size of brazil fertilizers Industry
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 35.78 Billion |
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Market Size (2030) | USD 49.68 Billion |
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Largest Share by Crop Type | Field Crops |
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CAGR (2024 - 2030) | 5.62 % |
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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 |
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
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
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
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
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
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 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.
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| Complex | ||||||||||||||||||||||||||||||||
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| Form | ||||||
| Conventional | ||||||
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| Application Mode | |
| Fertigation | |
| Foliar | |
| Soil |
| Crop Type | |
| Field Crops | |
| Horticultural Crops | |
| Turf & Ornamental |
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.
Brazil Fertilizers Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
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1.1 Type
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1.1.1 Complex
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1.1.2 Straight
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1.1.2.1 Micronutrients
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1.1.2.1.1 Boron
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1.1.2.1.2 Copper
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1.1.2.1.3 Iron
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1.1.2.1.4 Manganese
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1.1.2.1.5 Molybdenum
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1.1.2.1.6 Zinc
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1.1.2.1.7 Others
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1.1.2.2 Nitrogenous
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1.1.2.2.1 Ammonium Nitrate
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1.1.2.2.2 Urea
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1.1.2.2.3 Others
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1.1.2.3 Phosphatic
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1.1.2.3.1 DAP
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1.1.2.3.2 MAP
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1.1.2.3.3 SSP
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1.1.2.3.4 TSP
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1.1.2.3.5 Others
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1.1.2.4 Potassic
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1.1.2.4.1 MoP
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1.1.2.4.2 SoP
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1.1.2.5 Secondary Macronutrients
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1.1.2.5.1 Calcium
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1.1.2.5.2 Magnesium
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1.1.2.5.3 Sulfur
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1.2 Form
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1.2.1 Conventional
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1.2.2 Speciality
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1.2.2.1 CRF
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1.2.2.2 Liquid Fertilizer
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1.2.2.3 SRF
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1.2.2.4 Water Soluble
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1.3 Application Mode
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1.3.1 Fertigation
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1.3.2 Foliar
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1.3.3 Soil
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1.4 Crop Type
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1.4.1 Field Crops
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1.4.2 Horticultural Crops
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1.4.3 Turf & Ornamental
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Brazil Fertilizers Market Size FAQs
How big is the Brazil Fertilizers Market?
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.
What is the current Brazil Fertilizers Market size?
In 2024, the Brazil Fertilizers Market size is expected to reach USD 35.78 billion.
