Market Size of united states fertilizers Industry
Icons | Lable | Value |
---|---|---|
Study Period | 2016 - 2028 | |
Market Size (2023) | USD 26.92 Billion | |
Market Size (2028) | USD 30.16 Billion | |
CAGR (2023 - 2028) | 2.30 % | |
Largest Share by Crop Type | Field Crops | |
Fastest Growing by Crop Type | Turf & Ornamental | |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
US Fertilizers Market Analysis
The United States Fertilizers Market size is estimated at USD 26.92 billion in 2023, and is expected to reach USD 30.16 billion by 2028, growing at a CAGR of 2.30% during the forecast period (2023-2028).
- Fastest growing segment by Product - DAP : DAP is an important phosphatic fertilizer in the country with a consumption of 1.9 million metric tons in 2021. Corn, cotton and soybean are the largest DAP consuming crops.
- Largest Segment by Crop Type - Field Crops : Field crops dominate the fertilizers market in the US due to the large cultivation area in the country. Field crops account for more than 95% of the total crop area.
- Fastest growing by Speciality Type - SRF : The SRF are safe to the soil and environment as they precisely release the nutrients in to the soil throughout the cropping season and thus reduce the leaching of nutrients.
- Largest segment by Application Mode - Soil : Soil application is an easy method of fertilizer application and can be applied without equipment. This fertilizer application method improves plant health and soil fertility.