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Argentina Fertilizer Market Size

The Argentina Fertilizer Market is projected to experience significant growth over the forecast period, driven by the country's diverse agricultural landscape and increasing demand for fertilizers across various crop categories. The market's expansion is largely attributed to the dominant consumption by field crops, which benefits from Argentina's favorable climate and soil conditions. Horticultural crops are also contributing to the market's growth, despite a reduction in cultivation area, as the demand for high-value crops continues to rise. Additionally, the turf and ornamental segment, although small, is supported by global demand for Argentinian flowers. Overall, the market size is expected to increase as the need to enhance crop productivity and meet global food demands intensifies.

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Market Size of argentina fertilizer Industry

Argentina Fertilizer Market Summary
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svg icon Study Period 2017 - 2030
svg icon Market Size (2024) USD 6.81 Billion
svg icon Market Size (2030) USD 9.71 Billion
svg icon Largest Share by Crop Type Field Crops
svg icon CAGR (2024 - 2030) 6.10 %
svg icon Fastest Growing by Crop Type Field Crops
svg icon Market Concentration Low

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Argentina Fertilizer Market Analysis

The Argentina Fertilizer Market size is estimated at 6.81 billion USD in 2024, and is expected to reach 9.71 billion USD by 2030, growing at a CAGR of 6.10% during the forecast period (2024-2030).

6.81 Billion

Market Size in 2024 (USD)

9.71 Billion

Market Size in 2030 (USD)

11.10 %

CAGR (2017-2023)

6.10 %

CAGR (2024-2030)

Largest segment by Form

93.80 %

value share, Conventional, 2023

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In Argentina, farmers predominantly rely on conventional fertilizers. This is attributed to their affordability.​ Nitrogen stood out, commanding a significant share.

Largest Segment by Crop Type

97.63 %

value share, Field Crops, 2023

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The segment is expected to grow during the forecast period, primarily due to the growing demand for field crops, their extensive cultivation, and monoculture practices.

Fastest growing by Speciality Type

7.83 %

Projected CAGR, CRF, 2024-2030

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The use of controlled-release urea can improve nitrogen efficiency by reducing nitrogen loss, stimulating plant growth, and increasing nitrogen concentration in the soil.

Largest segment by Application Mode

94.87 %

value share, Soil, 2023

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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

12.71 %

market share, Bunge, 2022

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The company offers the products that can be applied through foliar or soil. Its foliar products is highly effective in absorption, and minimizing phytotoxicity on leaves.

To improve crop productivity in order to meet the demand for various crops, the demand for fertilizers is growing

  • Argentina's fertilizer consumption in 2022 was dominated by field crops, constituting 97.6% of the total. This translated to a consumption volume of 7.6 million metric tons, valued at USD 6.8 billion. With its diverse climate and soil profiles, Argentina stands as a prominent agricultural player in the region, fostering an ideal setting for cultivating a wide array of field crops.
  • Horticultural crops emerged as the second-largest fertilizer consumer in Argentina in 2022, accounting for 2.3% of the total. This segment amounted to a value of USD 158.1 million, with a volume of 176.6 thousand metric tons. Despite a decline in horticultural cultivation area from 870.8 thousand hectares in 2017 to 831.1 thousand hectares in 2022, the demand for fertilizers surged. This uptick was propelled by the increasing appetite for high-value crops like fruits and vegetables, driven by concerns over hidden hunger and malnutrition. To optimize yields per hectare in horticultural agriculture, there is a growing impetus to intensify fertilizer application.
  • Turf and ornamental crops, though a minor player, accounted for less than 1% of Argentina's fertilizer consumption in 2022. This segment's market value stood at USD 7.2 million, with 8.0 thousand metric tons of fertilizer utilized. The uptick in global demand for Argentinian flowers has played a role in bolstering fertilizer consumption in this sector.
  • Looking ahead, the period 2023-2030 suggests a rising trend in fertilizer usage across different crop categories. This surge is fueled by the dual imperatives of meeting the food demands of a burgeoning global population and the drive for enhanced yields and crop productivity.
Argentina Fertilizer Market

Argentina 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.

  • Argentina's fertilizer consumption in 2022 was dominated by field crops, constituting 97.6% of the total. This translated to a consumption volume of 7.6 million metric tons, valued at USD 6.8 billion. With its diverse climate and soil profiles, Argentina stands as a prominent agricultural player in the region, fostering an ideal setting for cultivating a wide array of field crops.
  • Horticultural crops emerged as the second-largest fertilizer consumer in Argentina in 2022, accounting for 2.3% of the total. This segment amounted to a value of USD 158.1 million, with a volume of 176.6 thousand metric tons. Despite a decline in horticultural cultivation area from 870.8 thousand hectares in 2017 to 831.1 thousand hectares in 2022, the demand for fertilizers surged. This uptick was propelled by the increasing appetite for high-value crops like fruits and vegetables, driven by concerns over hidden hunger and malnutrition. To optimize yields per hectare in horticultural agriculture, there is a growing impetus to intensify fertilizer application.
  • Turf and ornamental crops, though a minor player, accounted for less than 1% of Argentina's fertilizer consumption in 2022. This segment's market value stood at USD 7.2 million, with 8.0 thousand metric tons of fertilizer utilized. The uptick in global demand for Argentinian flowers has played a role in bolstering fertilizer consumption in this sector.
  • Looking ahead, the period 2023-2030 suggests a rising trend in fertilizer usage across different crop categories. This surge is fueled by the dual imperatives of meeting the food demands of a burgeoning global population and the drive for enhanced yields and crop productivity.
Type
Complex
Straight
Micronutrients
Boron
Copper
Iron
Manganese
Molybdenum
Zinc
Others
Nitrogenous
Ammonium Nitrate
Anhydrous Ammonia
Urea
Others
Phosphatic
DAP
MAP
SSP
TSP
Others
Potassic
MoP
SoP
Others
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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Argentina Fertilizer Market Size Summary

The Argentina Fertilizer Market is poised for significant growth, driven by the country's robust agricultural sector and diverse crop cultivation. With a strong focus on field crops such as soybeans, corn, wheat, and cotton, Argentina has established itself as a key player in global agriculture. The country's varied climate and soil conditions create an ideal environment for these crops, which dominate the agricultural landscape. The demand for fertilizers is expected to rise as Argentina seeks to meet the food needs of a growing global population and enhance crop productivity. This trend is further supported by the increasing cultivation of high-value horticultural crops, despite a slight decline in area, as the demand for fruits and vegetables continues to rise.

The market is characterized by a fragmented landscape with major players like Bunge, EuroChem Group, Grupa Azoty S.A. (Compo Expert), Nutrien Ltd., and Yara International ASA holding significant shares. The average nutrient application rates vary, with nitrogen, potassium, and phosphorus being the primary nutrients applied to field crops. The expansion of cultivated land for field crops is expected to positively impact the fertilizer market, offering growth opportunities. Recent strategic partnerships and acquisitions, such as Nouryon's purchase of ADOB and ICL's agreement with General Mills, highlight the industry's focus on innovation and international expansion. These developments underscore the dynamic nature of the Argentina Fertilizer Market, which is set to experience continued growth in the coming years.

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Argentina Fertilizer 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 Anhydrous Ammonia

          3. 1.1.2.2.3 Urea

          4. 1.1.2.2.4 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

          3. 1.1.2.4.3 Others

        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

Argentina Fertilizer Market Size FAQs

The Argentina Fertilizer Market size is expected to reach USD 6.81 billion in 2024 and grow at a CAGR of 6.10% to reach USD 9.71 billion by 2030.

In 2024, the Argentina Fertilizer Market size is expected to reach USD 6.81 billion.

Argentina Fertilizer Market Report Snapshots

Argentina Fertilizer Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030