Market Size of russia fertilizers Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 11.16 Billion |
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Market Size (2030) | USD 16.41 Billion |
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Largest Share by Crop Type | Field Crops |
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CAGR (2024 - 2030) | 6.64 % |
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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 |
Russia Fertilizers Market Analysis
The Russia Fertilizers Market size is estimated at 11.16 billion USD in 2024, and is expected to reach 16.41 billion USD by 2030, growing at a CAGR of 6.64% during the forecast period (2024-2030).
11.16 Billion
Market Size in 2024 (USD)
16.41 Billion
Market Size in 2030 (USD)
7.63 %
CAGR (2017-2023)
6.64 %
CAGR (2024-2030)
Largest segment by Product
50.08 %
value share, Ammonium Nitrate, 2023
Increase in cultivation of high-value crops such as wheat, combined with a rising deficiency of sulfur in the soil, will drive the sulfur market in the forecast period.
Largest Segment by Crop Type
95 %
value share, Field Crops, 2023
As grains and cereals are intensively grown, they deplete the nutrients in the soil, and hence they require more amount of fertilizers to supplement the nutrients to them.
Fastest Growing Speciality Type
7.23 %
Projected CAGR, Water Soluble, 2024-2030
The growing awareness among the farmers and the convenience of applying water-soluble fertilizers with other agrochemicals have contributed to their growth in the country.
Largest segment by Application Mode
91.09 %
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
14.19 %
market share, PhosAgro Group of Companies, 2022
PhosAgro engages in product innovations like APAVIVA, a fertilizer product line that provides all the elements including macroelements, sulphur, boron, and zinc.
Field crops dominate the market due to their high consumption rates and large cultivation areas
- In 2022, field crops dominated the agricultural sector in Russia, accounting for 95.0% of its value share. These crops are expected to witness a robust growth of 40.1% during the study period. Agricultural lands, covering 13.0% of Russia's territory, primarily focus on cultivating key crops like wheat, sugar beet, and various cereals (including maize, barley, oats, and rye). Wheat, in particular, takes the lead as the most extensively cultivated field crop, with a total area of 27.9 million hectares in 2021, marking a 5.5% increase from 2018. Given its status as a major consumer of NPK fertilizers, the expansion of wheat cultivation is poised to drive fertilizer consumption in the country.
- During 2023-2030, the horticulture crop acreage in Russia is projected to witness an 11.8% growth. This surge is attributed to the rising demand for both domestic consumption and exports, which, in turn, is fueling the fertilizer market. The push for improved crop quality and yield is also prompting private investors and governments to show heightened interest in greenhouse cultivation. This focus on greenhouse horticulture, aimed at maximizing crop quality and yield, is driving up the demand for specialty fertilizers. These fertilizers are designed to provide crops with precise nutrients at the right time, optimizing their growth and yield.
- As disposable incomes and living standards rise, there is a notable increase in the popularity of ornamental plants among homeowners. This trend is expected to significantly boost fertilizer demand, with a projected CAGR of 7.2% from 2023 to 2030.
Understand The Key Trends Shaping This Market
Russia 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.
- In 2022, field crops dominated the agricultural sector in Russia, accounting for 95.0% of its value share. These crops are expected to witness a robust growth of 40.1% during the study period. Agricultural lands, covering 13.0% of Russia's territory, primarily focus on cultivating key crops like wheat, sugar beet, and various cereals (including maize, barley, oats, and rye). Wheat, in particular, takes the lead as the most extensively cultivated field crop, with a total area of 27.9 million hectares in 2021, marking a 5.5% increase from 2018. Given its status as a major consumer of NPK fertilizers, the expansion of wheat cultivation is poised to drive fertilizer consumption in the country.
- During 2023-2030, the horticulture crop acreage in Russia is projected to witness an 11.8% growth. This surge is attributed to the rising demand for both domestic consumption and exports, which, in turn, is fueling the fertilizer market. The push for improved crop quality and yield is also prompting private investors and governments to show heightened interest in greenhouse cultivation. This focus on greenhouse horticulture, aimed at maximizing crop quality and yield, is driving up the demand for specialty fertilizers. These fertilizers are designed to provide crops with precise nutrients at the right time, optimizing their growth and yield.
- As disposable incomes and living standards rise, there is a notable increase in the popularity of ornamental plants among homeowners. This trend is expected to significantly boost fertilizer demand, with a projected CAGR of 7.2% from 2023 to 2030.
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| Turf & Ornamental |
Need A Different Region Or Segment?
Russia Fertilizers Market Size Summary
The Russia Fertilizers Market is poised for significant growth, driven by the expansive agricultural sector that predominantly focuses on field crops such as wheat, corn, soybean, and rye. Wheat, in particular, plays a crucial role due to its extensive cultivation and substantial consumption of NPK fertilizers, which are essential for enhancing crop yield and quality. The country's agricultural landscape is characterized by a commitment to increasing arable land and improving crop production through government incentives and private investments. This strategic focus is further bolstered by the rising demand for horticulture and greenhouse cultivation, which is expected to drive the demand for specialty fertilizers designed to optimize nutrient delivery and crop performance.
The market is characterized by a fragmented landscape with key players like EuroChem Group, KuibyshevAzot PJSC, MINUDOBRENIYA JSC, PhosAgro Group of Companies, and Yara International ASA holding significant shares. The demand for fertilizers is further amplified by the increasing popularity of ornamental plants among homeowners, reflecting rising disposable incomes and living standards. The market's growth trajectory is supported by strategic partnerships and product innovations, such as ICL's recent agreements to supply specialty phosphate solutions and NPK formulations. These developments underscore the market's potential to enhance self-sufficiency and reduce import reliance, aligning with Russia's broader agricultural goals.
Russia 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 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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1.1.2.4.3 Others
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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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Russia Fertilizers Market Size FAQs
How big is the Russia Fertilizers Market?
The Russia Fertilizers Market size is expected to reach USD 11.16 billion in 2024 and grow at a CAGR of 6.64% to reach USD 16.41 billion by 2030.
What is the current Russia Fertilizers Market size?
In 2024, the Russia Fertilizers Market size is expected to reach USD 11.16 billion.
