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Australia Fertilizer Market Size

The Australia Fertilizer Market is projected to experience significant growth over the forecast period, driven by various factors influencing its market size. Field crops currently dominate the market, with soil-based fertilizers holding the largest share. Despite the lower adoption of fertigation due to its dependence on drip irrigation, the market is expanding, particularly in the horticulture sector, which is recovering from past setbacks. The demand for fertilizers for turf and ornamental crops is also contributing to the market's expansion, alongside a growing recognition of the benefits of water-soluble and liquid fertilizers. These trends indicate a robust growth trajectory for the Australian fertilizer market.

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Market Size of australia fertilizer Industry

Australia Fertilizer Market Summary
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svg icon Study Period 2017 - 2030
svg icon Market Size (2024) USD 6.16 Billion
svg icon Market Size (2030) USD 8.78 Billion
svg icon Largest Share by Crop Type Field Crops
svg icon CAGR (2024 - 2030) 6.08 %
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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Australia Fertilizer Market Analysis

The Australia Fertilizer Market size is estimated at 6.16 billion USD in 2024, and is expected to reach 8.78 billion USD by 2030, growing at a CAGR of 6.08% during the forecast period (2024-2030).

6.16 Billion

Market Size in 2024 (USD)

8.78 Billion

Market Size in 2030 (USD)

8.03 %

CAGR (2017-2023)

6.08 %

CAGR (2024-2030)

Largest segment by Form

94.32 %

value share, Conventional, 2023

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Farmers favor conventional fertilizers for their easy availability, consistent supply, and cost-effectiveness. The market is projected to grow steadily in the coming years.​

Largest Segment by Crop Type

97.21 %

value share, Field Crops, 2023

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Higher nutrient requirement and growing concerns over nutrient leaching rising the adoption of control released fertilizers in filed crops making them largest crop type

Fastest growing by Speciality Type

9 %

Projected CAGR, CRF, 2024-2030

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Controll released fertilizers are growing faster with the adoption of sustainable agricultural practices and their efficiency in reducing nutrient leaching and volatilization

Largest segment by Application Mode

94.80 %

value share, Soil, 2023

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The dominance of soil application mode attributed to the rise in adoption of conventional fertilizers, CRFs, and SRFs resulted in the soil mode higher market share

Leading Market Player

14.51 %

market share, WESFARMERS LIMITED, 2022

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The Company's range of fertilizers covers the nutritional inputs required by farmers engaged in winter crops, summer crops, horticulture, viticulture, and pastures.

Higher consumption is being driven by increased climatic events, such as floods, impacting major horticultural crop regions

  • In 2022, field crops dominated the Australian fertilizer market, accounting for 97.2% of both its value and volume. Soil-based fertilizers commanded the lion's share of the market at 96.2%, with fertigation trailing at 2.0%. The lower adoption of fertigation, compared to soil-based fertilizers, can be attributed to its reliance on drip irrigation. Notably, only a small fraction of farmers, even among those cultivating field crops, employ surface drip (9%) or sub-surface drip (2%) irrigation.
  • Horticulture crops secured the second-largest market share, valued at USD 138.5 million in 2022. The horticulture fertilizers market faced a setback in 2020-2021 due to severe flooding in key horticulture regions like Queensland and New South Wales. However, buoyed by robust overseas demand for premium fruits and vegetables, the fertilizer market is poised to register a 5.6% CAGR from 2023 to 2030. This growth is driven by the need to optimize plant growth, crop yield, and quality.
  • The market for fertilizers catering to turf and ornamental crops reached USD 81.1 million in 2022, with a projected CAGR of 5.5% during 2023-2030. This growth is fueled by a rising demand for fertilizers to enhance the health and aesthetics of these plants.
  • Moreover, farmers are increasingly recognizing the advantages of water-soluble and liquid fertilizers across various crop types. These fertilizers are swiftly absorbed by plants, facilitating rapid and efficient nutrient uptake. Consequently, the market for such fertilizers is anticipated to register a 5.0% CAGR during 2023-2030.
Australia Fertilizer Market

Australia 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.

  • In 2022, field crops dominated the Australian fertilizer market, accounting for 97.2% of both its value and volume. Soil-based fertilizers commanded the lion's share of the market at 96.2%, with fertigation trailing at 2.0%. The lower adoption of fertigation, compared to soil-based fertilizers, can be attributed to its reliance on drip irrigation. Notably, only a small fraction of farmers, even among those cultivating field crops, employ surface drip (9%) or sub-surface drip (2%) irrigation.
  • Horticulture crops secured the second-largest market share, valued at USD 138.5 million in 2022. The horticulture fertilizers market faced a setback in 2020-2021 due to severe flooding in key horticulture regions like Queensland and New South Wales. However, buoyed by robust overseas demand for premium fruits and vegetables, the fertilizer market is poised to register a 5.6% CAGR from 2023 to 2030. This growth is driven by the need to optimize plant growth, crop yield, and quality.
  • The market for fertilizers catering to turf and ornamental crops reached USD 81.1 million in 2022, with a projected CAGR of 5.5% during 2023-2030. This growth is fueled by a rising demand for fertilizers to enhance the health and aesthetics of these plants.
  • Moreover, farmers are increasingly recognizing the advantages of water-soluble and liquid fertilizers across various crop types. These fertilizers are swiftly absorbed by plants, facilitating rapid and efficient nutrient uptake. Consequently, the market for such fertilizers is anticipated to register a 5.0% CAGR during 2023-2030.
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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Australia Fertilizer Market Size Summary

The Australia Fertilizer Market is experiencing significant growth, driven by the increasing demand for agricultural products and supportive government policies. The market is predominantly dominated by soil-based fertilizers, with field crops such as wheat, barley, and canola leading the demand. The expansion of crop acreage, fueled by rising farmer incomes and favorable seasonal conditions, has been a key factor in this growth. The ongoing global grain disputes and the surge in commodity prices have further bolstered the market, encouraging farmers to invest in fertilizers to optimize crop yield and quality. Government initiatives, including substantial investments and subsidies, are playing a crucial role in enhancing agricultural production and export potential, thereby increasing the demand for fertilizers.

The market is characterized by a diverse range of fertilizers catering to various crop types, including turf and ornamental crops. The adoption of water-soluble and liquid fertilizers is on the rise, offering rapid nutrient uptake and improved plant health. Despite challenges such as severe flooding in horticulture regions, the market is poised for steady growth, supported by robust overseas demand for premium produce. The fragmented nature of the market sees major players like ICL Group Ltd, Incitec Pivot Fertilisers, K+S Aktiengesellschaft, WESFARMERS LIMITED, and Yara International ASA leading the charge. Strategic partnerships and acquisitions, such as K+S's acquisition of a stake in a South African trading company, are further strengthening the market's operational capabilities and expanding its global reach.

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Australia 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

Australia Fertilizer Market Size FAQs

The Australia Fertilizer Market size is expected to reach USD 6.16 billion in 2024 and grow at a CAGR of 6.08% to reach USD 8.78 billion by 2030.

In 2024, the Australia Fertilizer Market size is expected to reach USD 6.16 billion.

Australia Fertilizer Market Report Snapshots

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