South America Fertilizers Market Size
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 49.35 Billion |
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Market Size (2030) | USD 68.66 Billion |
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Largest Share by Crop Type | Field Crops |
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CAGR (2024 - 2030) | 5.66 % |
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Largest Share by Country | Brazil |
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Market Concentration | Low |
Major Players |
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*Disclaimer: Major Players sorted in alphabetical order. |
South America Fertilizers Market Analysis
The South America Fertilizers Market size is estimated at 49.35 billion USD in 2024, and is expected to reach 68.66 billion USD by 2030, growing at a CAGR of 5.66% during the forecast period (2024-2030).
49.35 Billion
Market Size in 2024 (USD)
68.66 Billion
Market Size in 2030 (USD)
8.25 %
CAGR (2017-2023)
5.66 %
CAGR (2024-2030)
Largest segment by Product
30.41 %
value share, MoP, 2023
With a potassium content ranging from 60.0% to 62.0%, MoP boasts the highest concentration among potassic fertilizers, positioning itself as the most widely used in the region.
Largest Segment by Crop Type
94.63 %
value share, Field Crops, 2023
Due to intensive cultivation and monoculture practices, field crops have depleted the nutrients in the soil. Thus, leading to higher specialty fertilizer consumption.
Fastest Growing Speciality Type
7.16 %
Projected CAGR, CRF, 2024-2030
The factors such as providing sustained and efficient nutrient supply to the plants and fewer nutrient losses are driving the demand for control-release fertilizers.
Largest segment by Country
72.49 %
value share, Brazil, 2023
Brazil is expected to account for 70.0% of the world's arable land by the year 2050, and it is expected to be a major market for various fertilizers in the future.
Leading Market Player
15.77 %
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.
The fertilizer market is poised for growth due to shifting climate patterns and rising soil nutrient deficiencies
- The overall fertilizer market value by crop type has accounted for USD 48.1 billion and is estimated to record a CAGR of 5.6% during 2023-2030. By volume, the overall consumption accounted for 64.0 million metric tons and is estimated to record a CAGR of 3.3% during 2023-2030.
- By crop type, field crops are dominating the market by 94.5%, followed by horticultural crops with 5.5% of fertilizer consumption value. Both horticultural and field crops are essential to the country's trade and consumption, and the increased domestic and international demand is bolstering the segment's growth.
- The area under field crop cultivation has increased by a CAGR of 2.2% during 2023-2030. With important crops being cultivated in the country, such as soybean, corn, and wheat, the country is actively importing fertilizers to meet the domestic demand, which is driving the growth of the segments.
- Accordingly, Free trade agreements (FTAs) between the United States, Chile, and several Latin American countries have been a major factor in the increase in fruit and vegetable production in South American countries over the last few decades. These FTAs, including NAFTA (USMCA), CAFTA-DR, and bilateral agreements with countries such as Chile, Colombia, Panama, and Peru, are expected to further boost fertilizer demand in the region.
- The growth of the South American fertilizers market is being driven by various factors, including the need to meet the growing demand, improve crop yield and quality, and increase production. As a result, the market volume is expected to register a CAGR of 3.3% from 2023 to 2030.
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Due to higher cultivation areas under major crops like soybeans, fertilizer consumption in Brazil leads to a higher share
- Brazil, accounting for 73.0% of South America's domestic fertilizer consumption, leads the region in fertilizer usage. The Brazilian market is predominantly driven by conventional fertilizers, which held a commanding 95.2% share in 2022. Specialty fertilizers made up the remaining 4.8%.
- Argentina, a global exporter of wheat and soybeans, sees agriculture contributing around 5.9% to its GDP. In 2022, Argentina held a 14.6% share of the South American fertilizer market. Similar to Brazil, conventional fertilizers dominated, capturing 96.1% of the market, while specialty fertilizers accounted for 3.9%. Within the specialty segment, liquid fertilizers led at 44.7%, followed by water-soluble fertilizers at 52.6%.
- The Rest of South America, excluding Brazil and Argentina, held a 14.8% share of the regional fertilizer market in 2022. Field crops, commanding an 83.1% market share by volume, reached 8.15 million metric tons in 2022. Projections indicate this volume will climb to 10.53 million metric tons by 2030, representing a significant growth trajectory.
- Field crops, including soybeans, corn, and sugarcane, dominated the South American fertilizer market in 2022, capturing 94.2% of the market share. These crops have witnessed substantial growth over the past two decades, with further increases expected. Driven by countries like Brazil expanding their cultivated areas and aiming for higher yields, this trend is set to continue.
- Driven by a rising population and the subsequent surge in food grain demand, South America has witnessed a consistent expansion in the area dedicated to major food crops. This trend points to a projected growth in the region's fertilizer market during 2023-2030.
South America Fertilizers Market Trends
The government's initiatives to achieve self-sufficiency have significantly contributed to the increase in the area under field crop cultivation.
- The cultivation area for field crops in South America witnessed a notable rise, surging from 111.6 million ha in 2017 to 126.1 million ha in 2022, marking a 12.8% increase in the total area. This expansion in cultivation is projected to drive up the demand for fertilizers in the region. Field crops dominated the market, accounting for a significant 96.8% share. In 2022, Brazil held the maximum share of the market at 56.9%, with Argentina trailing at 29.3%. Brazil, renowned as the global leader in soy production and exports, saw its soy output reach nearly 135 million tonnes in 2021. Of this, a whopping 105.5 million tonnes, constituting 82%, were exported, with 82% in raw soybean form, 16% as soybean cake, and 2% as soybean oil.
- Soybean, commanding the largest cultivated area in South America, is primarily grown in Brazil (64.4%) and Argentina (26.1%). However, the region is currently grappling with an extended drought, leading to critically low water levels in major rivers. This has severe repercussions, hampering both harvests and the transportation of crucial summer crops, especially soybeans. Consequently, these conditions are amplifying the demand for increased fertilizer application in South America.
- Driven by robust global demand and favorable profitability, soybean cultivation in the Mercosur region witnessed a surge. The surge in soy prices, along with other raw materials, has incentivized producers to invest in new lands and equipment, enabling them to scale up operations and enhance efficiency. As a result, the field crop cultivation area in the region is poised to expand in tandem with the growing domestic and international markets.
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The average rate of primary nutrient application for field crops in South America is about 172.73 kg/hectare
- Over the past two decades, South America has emerged as a key player in field crop production, notably for soybeans, corn, wheat, and maize. This surge in production can be attributed to both expanded cultivation and intensified efforts to boost yields. Notably, countries like Brazil are actively expanding their cultivated areas, indicating a further uptick in crop production and a subsequent surge in fertilizer consumption.
- Nutrients are pivotal for plant health, crop growth, and crop output. Primary nutrients, namely nitrogen, phosphorus, and potassium, serve as the fundamental building blocks for plant development. Any deficiency in these nutrients can significantly impact both crop yield and quality, underscoring their importance for field crops. In 2022, the average application rate of primary nutrients for field crops in South America stood at 172.7 kg/hectare. Nitrogen topped the list with an application rate of 193.8 kg/hectare, followed by potassium at 181.9 kg/hectare. Phosphorus trailed slightly behind, with an application rate of 142.4 kg/hectare.
- Among the field crops, wheat, rice, and corn/maize are expected to have the highest average nutrient application rate. Specifically, wheat is projected to have an average nutrient application rate of 231 kg/ha, while rice and corn/maize are estimated to have average rates of 156 kg/ha and 149 kg/ha, respectively. Driven by a growing population and subsequent demand for major food crops, South America has witnessed an expansion in harvested areas. This trend points to a significant uptick in primary nutrient usage for field crops in the region in the coming years.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- The shift to field crop cultivation, coupled with Free Trade Agreements, resulted in reduced horticultural crop cultivation in the region
- Onion is applied with a higher quantity of micronutrients compared to other vegetable crops.
- Despite being needed in smaller amounts than primary nutrients, they are important in forming certain amino acids and proteins
- Brazil is the largest contributor to irrigation area, accounting for 44.2% in 2022
- Micronutrient deficiencies are an emerging limiting factor for annual crop production in South America
- In South America, cauliflower has the highest potassium requirement, with an average application rate of 592.6 kg per hectare
- Sulfur deficiencies are common in sandy soils; Brazil's Cerrado (tropical savanna) region has low organic matter content
South America Fertilizers Industry Overview
The South America Fertilizers Market is fragmented, with the top five companies occupying 38.10%. The major players in this market are ICL Group Ltd, K+S Aktiengesellschaft, Nutrien Ltd., The Mosaic Company and Yara International ASA (sorted alphabetically).
South America Fertilizers Market Leaders
ICL Group Ltd
K+S Aktiengesellschaft
Nutrien Ltd.
The Mosaic Company
Yara International ASA
Other important companies include Fertgrow, Grupa Azoty S.A. (Compo Expert), Haifa Group, Nortox, Sociedad Quimica y Minera de Chile SA.
*Disclaimer: Major Players sorted in alphabetical order.
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South America Fertilizers Market News
- April 2023: K+S acquired a 75% share of the fertilizer business of a South African trading company, Industrial Commodities Holdings (Pty) Ltd (ICH). In addition to expanding the core business, K+S is strengthening its operations in southern and eastern Africa as a result of this acquisition. The newly acquired fertilizer business in the future is to be operated in a joint venture under the name of FertivPty Ltd.
- January 2023: ICL has entered into a strategic partnership agreement with General Mills, in which it will be the supplier of strategic specialty phosphate solutions to General Mills. The long-term agreement will also focus on international expansion.
- May 2022: ICL launched three new NPK formulations of Solinure, a product with increased trace elements to optimize yields.
Free with this Report
Along with the report, We also offer a comprehensive and exhaustive data pack with 25+ graphs on area under cultivation and average application rate per hectare. The data pack includes Globe, North America, Europe, Asia-Pacific, South America, and Africa.
South America Fertilizers Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Acreage Of Major Crop Types
2.1.1. Field Crops
2.1.2. Horticultural Crops
2.2. Average Nutrient Application Rates
2.2.1. Micronutrients
2.2.1.1. Field Crops
2.2.1.2. Horticultural Crops
2.2.2. Primary Nutrients
2.2.2.1. Field Crops
2.2.2.2. Horticultural Crops
2.2.3. Secondary Macronutrients
2.2.3.1. Field Crops
2.2.3.2. Horticultural Crops
2.3. Agricultural Land Equipped For Irrigation
2.4. Regulatory Framework
2.5. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
3.1. Type
3.1.1. Complex
3.1.2. Straight
3.1.2.1. Micronutrients
3.1.2.1.1. Boron
3.1.2.1.2. Copper
3.1.2.1.3. Iron
3.1.2.1.4. Manganese
3.1.2.1.5. Molybdenum
3.1.2.1.6. Zinc
3.1.2.1.7. Others
3.1.2.2. Nitrogenous
3.1.2.2.1. Ammonium Nitrate
3.1.2.2.2. Urea
3.1.2.2.3. Others
3.1.2.3. Phosphatic
3.1.2.3.1. DAP
3.1.2.3.2. MAP
3.1.2.3.3. SSP
3.1.2.3.4. TSP
3.1.2.3.5. Others
3.1.2.4. Potassic
3.1.2.4.1. MoP
3.1.2.4.2. SoP
3.1.2.4.3. Others
3.1.2.5. Secondary Macronutrients
3.1.2.5.1. Calcium
3.1.2.5.2. Magnesium
3.1.2.5.3. Sulfur
3.2. Form
3.2.1. Conventional
3.2.2. Speciality
3.2.2.1. CRF
3.2.2.2. Liquid Fertilizer
3.2.2.3. SRF
3.2.2.4. Water Soluble
3.3. Application Mode
3.3.1. Fertigation
3.3.2. Foliar
3.3.3. Soil
3.4. Crop Type
3.4.1. Field Crops
3.4.2. Horticultural Crops
3.4.3. Turf & Ornamental
3.5. Country
3.5.1. Argentina
3.5.2. Brazil
3.5.3. Rest of South America
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles
4.4.1. Fertgrow
4.4.2. Grupa Azoty S.A. (Compo Expert)
4.4.3. Haifa Group
4.4.4. ICL Group Ltd
4.4.5. K+S Aktiengesellschaft
4.4.6. Nortox
4.4.7. Nutrien Ltd.
4.4.8. Sociedad Quimica y Minera de Chile SA
4.4.9. The Mosaic Company
4.4.10. Yara International ASA
5. KEY STRATEGIC QUESTIONS FOR FERTILIZER CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- CULTIVATION OF FIELD CROPS IN HECTARE, SOUTH AMERICA, 2017 - 2022
- Figure 2:
- CULTIVATION OF HORTICULTURAL CROPS IN HECTARE, SOUTH AMERICA, 2017 - 2022
- Figure 3:
- CONSUMPTION OF MICRONUTRIENTS BY FIELD CROPS IN KG/HECTARE, SOUTH AMERICA, 2022
- Figure 4:
- CONSUMPTION OF MICRONUTRIENTS BY HORTICULTURAL CROPS IN KG/HECTARE, SOUTH AMERICA, 2022
- Figure 5:
- CONSUMPTION OF PRIMARY NUTRIENTS BY FIELD CROPS IN KG/HECTARE, SOUTH AMERICA, 2022
- Figure 6:
- CONSUMPTION OF PRIMARY NUTRIENTS BY HORTICULTURAL CROPS IN KG/HECTARE, SOUTH AMERICA, 2022
- Figure 7:
- CONSUMPTION OF SECONDARY MACRONUTRIENTS BY FIELD CROPS IN KG/HECTARE, SOUTH AMERICA, 2022
- Figure 8:
- CONSUMPTION OF SECONDARY MACRONUTRIENTS BY HORTICULTURAL CROPS IN KG/HECTARE, SOUTH AMERICA, 2022
- Figure 9:
- AGRICULTURAL LAND EQUIPPED FOR IRRIGATION IN HECTARE, SOUTH AMERICA, 2022
- Figure 10:
- FERTILIZER FERTILIZER CONSUMPTION IN METRIC TON, SOUTH AMERICA, 2017 - 2030
- Figure 11:
- FERTILIZER FERTILIZER CONSUMPTION IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 12:
- FERTILIZER CONSUMPTION BY TYPE IN METRIC TON, SOUTH AMERICA, 2017 - 2030
- Figure 13:
- FERTILIZER CONSUMPTION BY TYPE IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 14:
- FERTILIZER CONSUMPTION VOLUME BY TYPE IN %, SOUTH AMERICA, 2017 VS 2023 VS 2030
- Figure 15:
- FERTILIZER CONSUMPTION VALUE BY TYPE IN %, SOUTH AMERICA, 2017 VS 2023 VS 2030
- Figure 16:
- COMPLEX FERTILIZER CONSUMPTION IN METRIC TON, SOUTH AMERICA, 2017 - 2030
- Figure 17:
- COMPLEX FERTILIZER CONSUMPTION IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 18:
- COMPLEX FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, SOUTH AMERICA, 2023 VS 2030
- Figure 19:
- STRAIGHT FERTILIZER CONSUMPTION BY NUTRIENT IN METRIC TON, SOUTH AMERICA, 2017 - 2030
- Figure 20:
- STRAIGHT FERTILIZER CONSUMPTION BY NUTRIENT IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 21:
- STRAIGHT FERTILIZER CONSUMPTION VOLUME BY NUTRIENT IN %, SOUTH AMERICA, 2017 VS 2023 VS 2030
- Figure 22:
- STRAIGHT FERTILIZER CONSUMPTION VALUE BY NUTRIENT IN %, SOUTH AMERICA, 2017 VS 2023 VS 2030
- Figure 23:
- MICRONUTRIENTS FERTILIZER CONSUMPTION BY PRODUCT IN METRIC TON, SOUTH AMERICA, 2017 - 2030
- Figure 24:
- MICRONUTRIENTS FERTILIZER CONSUMPTION BY PRODUCT IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 25:
- MICRONUTRIENTS FERTILIZER CONSUMPTION VOLUME BY PRODUCT IN %, SOUTH AMERICA, 2017 VS 2023 VS 2030
- Figure 26:
- MICRONUTRIENTS FERTILIZER CONSUMPTION VALUE BY PRODUCT IN %, SOUTH AMERICA, 2017 VS 2023 VS 2030
- Figure 27:
- BORON FERTILIZER CONSUMPTION IN METRIC TON, SOUTH AMERICA, 2017 - 2030
- Figure 28:
- BORON FERTILIZER CONSUMPTION IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 29:
- BORON FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, SOUTH AMERICA, 2023 VS 2030
- Figure 30:
- COPPER FERTILIZER CONSUMPTION IN METRIC TON, SOUTH AMERICA, 2017 - 2030
- Figure 31:
- COPPER FERTILIZER CONSUMPTION IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 32:
- COPPER FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, SOUTH AMERICA, 2023 VS 2030
- Figure 33:
- IRON FERTILIZER CONSUMPTION IN METRIC TON, SOUTH AMERICA, 2017 - 2030
- Figure 34:
- IRON FERTILIZER CONSUMPTION IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 35:
- IRON FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, SOUTH AMERICA, 2023 VS 2030
- Figure 36:
- MANGANESE FERTILIZER CONSUMPTION IN METRIC TON, SOUTH AMERICA, 2017 - 2030
- Figure 37:
- MANGANESE FERTILIZER CONSUMPTION IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 38:
- MANGANESE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, SOUTH AMERICA, 2023 VS 2030
- Figure 39:
- MOLYBDENUM FERTILIZER CONSUMPTION IN METRIC TON, SOUTH AMERICA, 2017 - 2030
- Figure 40:
- MOLYBDENUM FERTILIZER CONSUMPTION IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 41:
- MOLYBDENUM FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, SOUTH AMERICA, 2023 VS 2030
- Figure 42:
- ZINC FERTILIZER CONSUMPTION IN METRIC TON, SOUTH AMERICA, 2017 - 2030
- Figure 43:
- ZINC FERTILIZER CONSUMPTION IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 44:
- ZINC FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, SOUTH AMERICA, 2023 VS 2030
- Figure 45:
- OTHERS FERTILIZER CONSUMPTION IN METRIC TON, SOUTH AMERICA, 2017 - 2030
- Figure 46:
- OTHERS FERTILIZER CONSUMPTION IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 47:
- OTHERS FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, SOUTH AMERICA, 2023 VS 2030
- Figure 48:
- NITROGENOUS FERTILIZER CONSUMPTION BY PRODUCT IN METRIC TON, SOUTH AMERICA, 2017 - 2030
- Figure 49:
- NITROGENOUS FERTILIZER CONSUMPTION BY PRODUCT IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 50:
- NITROGENOUS FERTILIZER CONSUMPTION VOLUME BY PRODUCT IN %, SOUTH AMERICA, 2017 VS 2023 VS 2030
- Figure 51:
- NITROGENOUS FERTILIZER CONSUMPTION VALUE BY PRODUCT IN %, SOUTH AMERICA, 2017 VS 2023 VS 2030
- Figure 52:
- AMMONIUM NITRATE FERTILIZER CONSUMPTION IN METRIC TON, SOUTH AMERICA, 2017 - 2030
- Figure 53:
- AMMONIUM NITRATE FERTILIZER CONSUMPTION IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 54:
- AMMONIUM NITRATE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, SOUTH AMERICA, 2023 VS 2030
- Figure 55:
- UREA FERTILIZER CONSUMPTION IN METRIC TON, SOUTH AMERICA, 2017 - 2030
- Figure 56:
- UREA FERTILIZER CONSUMPTION IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 57:
- UREA FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 58:
- OTHERS FERTILIZER CONSUMPTION IN METRIC TON, SOUTH AMERICA, 2017 - 2030
- Figure 59:
- OTHERS FERTILIZER CONSUMPTION IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 60:
- OTHERS FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, SOUTH AMERICA, 2023 VS 2030
- Figure 61:
- PHOSPHATIC FERTILIZER CONSUMPTION BY PRODUCT IN METRIC TON, SOUTH AMERICA, 2017 - 2030
- Figure 62:
- PHOSPHATIC FERTILIZER CONSUMPTION BY PRODUCT IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 63:
- PHOSPHATIC FERTILIZER CONSUMPTION VOLUME BY PRODUCT IN %, SOUTH AMERICA, 2017 VS 2023 VS 2030
- Figure 64:
- PHOSPHATIC FERTILIZER CONSUMPTION VALUE BY PRODUCT IN %, SOUTH AMERICA, 2017 VS 2023 VS 2030
- Figure 65:
- DAP FERTILIZER CONSUMPTION IN METRIC TON, SOUTH AMERICA, 2017 - 2030
- Figure 66:
- DAP FERTILIZER CONSUMPTION IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 67:
- DAP FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, SOUTH AMERICA, 2023 VS 2030
- Figure 68:
- MAP FERTILIZER CONSUMPTION IN METRIC TON, SOUTH AMERICA, 2017 - 2030
- Figure 69:
- MAP FERTILIZER CONSUMPTION IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 70:
- MAP FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, SOUTH AMERICA, 2023 VS 2030
- Figure 71:
- SSP FERTILIZER CONSUMPTION IN METRIC TON, SOUTH AMERICA, 2017 - 2030
- Figure 72:
- SSP FERTILIZER CONSUMPTION IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 73:
- SSP FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, SOUTH AMERICA, 2023 VS 2030
- Figure 74:
- TSP FERTILIZER CONSUMPTION IN METRIC TON, SOUTH AMERICA, 2017 - 2030
- Figure 75:
- TSP FERTILIZER CONSUMPTION IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 76:
- TSP FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, SOUTH AMERICA, 2023 VS 2030
- Figure 77:
- OTHERS FERTILIZER CONSUMPTION IN METRIC TON, SOUTH AMERICA, 2017 - 2030
- Figure 78:
- OTHERS FERTILIZER CONSUMPTION IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 79:
- OTHERS FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, SOUTH AMERICA, 2023 VS 2030
- Figure 80:
- POTASSIC FERTILIZER CONSUMPTION BY PRODUCT IN METRIC TON, SOUTH AMERICA, 2017 - 2030
- Figure 81:
- POTASSIC FERTILIZER CONSUMPTION BY PRODUCT IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 82:
- POTASSIC FERTILIZER CONSUMPTION VOLUME BY PRODUCT IN %, SOUTH AMERICA, 2017 VS 2023 VS 2030
- Figure 83:
- POTASSIC FERTILIZER CONSUMPTION VALUE BY PRODUCT IN %, SOUTH AMERICA, 2017 VS 2023 VS 2030
- Figure 84:
- MOP FERTILIZER CONSUMPTION IN METRIC TON, SOUTH AMERICA, 2017 - 2030
- Figure 85:
- MOP FERTILIZER CONSUMPTION IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 86:
- MOP FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, SOUTH AMERICA, 2023 VS 2030
- Figure 87:
- SOP FERTILIZER CONSUMPTION IN METRIC TON, SOUTH AMERICA, 2017 - 2030
- Figure 88:
- SOP FERTILIZER CONSUMPTION IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 89:
- SOP FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, SOUTH AMERICA, 2023 VS 2030
- Figure 90:
- OTHERS FERTILIZER CONSUMPTION IN METRIC TON, SOUTH AMERICA, 2017 - 2030
- Figure 91:
- OTHERS FERTILIZER CONSUMPTION IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 92:
- OTHERS FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, SOUTH AMERICA, 2023 VS 2030
- Figure 93:
- SECONDARY MACRONUTRIENTS FERTILIZER CONSUMPTION BY PRODUCT IN METRIC TON, SOUTH AMERICA, 2017 - 2030
- Figure 94:
- SECONDARY MACRONUTRIENTS FERTILIZER CONSUMPTION BY PRODUCT IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 95:
- SECONDARY MACRONUTRIENTS FERTILIZER CONSUMPTION VOLUME BY PRODUCT IN %, SOUTH AMERICA, 2017 VS 2023 VS 2030
- Figure 96:
- SECONDARY MACRONUTRIENTS FERTILIZER CONSUMPTION VALUE BY PRODUCT IN %, SOUTH AMERICA, 2017 VS 2023 VS 2030
- Figure 97:
- CALCIUM FERTILIZER CONSUMPTION IN METRIC TON, SOUTH AMERICA, 2017 - 2030
- Figure 98:
- CALCIUM FERTILIZER CONSUMPTION IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 99:
- CALCIUM FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, SOUTH AMERICA, 2023 VS 2030
- Figure 100:
- MAGNESIUM FERTILIZER CONSUMPTION IN METRIC TON, SOUTH AMERICA, 2017 - 2030
- Figure 101:
- MAGNESIUM FERTILIZER CONSUMPTION IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 102:
- MAGNESIUM FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, SOUTH AMERICA, 2023 VS 2030
- Figure 103:
- SULFUR FERTILIZER CONSUMPTION IN METRIC TON, SOUTH AMERICA, 2017 - 2030
- Figure 104:
- SULFUR FERTILIZER CONSUMPTION IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 105:
- SULFUR FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, SOUTH AMERICA, 2023 VS 2030
- Figure 106:
- FERTILIZER CONSUMPTION BY FORM IN METRIC TON, SOUTH AMERICA, 2017 - 2030
- Figure 107:
- FERTILIZER CONSUMPTION BY FORM IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 108:
- FERTILIZER CONSUMPTION VOLUME BY FORM IN %, SOUTH AMERICA, 2017 VS 2023 VS 2030
- Figure 109:
- FERTILIZER CONSUMPTION VALUE BY FORM IN %, SOUTH AMERICA, 2017 VS 2023 VS 2030
- Figure 110:
- CONVENTIONAL FERTILIZER CONSUMPTION IN METRIC TON, SOUTH AMERICA, 2017 - 2030
- Figure 111:
- CONVENTIONAL FERTILIZER CONSUMPTION IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 112:
- CONVENTIONAL FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, SOUTH AMERICA, 2023 VS 2030
- Figure 113:
- FERTILIZER CONSUMPTION BY SPECIALITY TYPE IN METRIC TON, SOUTH AMERICA, 2017 - 2030
- Figure 114:
- FERTILIZER CONSUMPTION BY SPECIALITY TYPE IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 115:
- FERTILIZER CONSUMPTION VOLUME BY SPECIALITY TYPE IN %, SOUTH AMERICA, 2017 VS 2023 VS 2030
- Figure 116:
- FERTILIZER CONSUMPTION VALUE BY SPECIALITY TYPE IN %, SOUTH AMERICA, 2017 VS 2023 VS 2030
- Figure 117:
- CRF FERTILIZER CONSUMPTION IN METRIC TON, SOUTH AMERICA, 2017 - 2030
- Figure 118:
- CRF FERTILIZER CONSUMPTION IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 119:
- CRF FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, SOUTH AMERICA, 2023 VS 2030
- Figure 120:
- LIQUID ALL FERTILIZER CONSUMPTION IN METRIC TON, SOUTH AMERICA, 2017 - 2030
- Figure 121:
- LIQUID ALL FERTILIZER CONSUMPTION IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 122:
- LIQUID ALL FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, SOUTH AMERICA, 2023 VS 2030
- Figure 123:
- SRF FERTILIZER CONSUMPTION IN METRIC TON, SOUTH AMERICA, 2017 - 2030
- Figure 124:
- SRF FERTILIZER CONSUMPTION IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 125:
- SRF FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, SOUTH AMERICA, 2023 VS 2030
- Figure 126:
- WATER SOLUBLE FERTILIZER CONSUMPTION IN METRIC TON, SOUTH AMERICA, 2017 - 2030
- Figure 127:
- WATER SOLUBLE FERTILIZER CONSUMPTION IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 128:
- WATER SOLUBLE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, SOUTH AMERICA, 2023 VS 2030
- Figure 129:
- FERTILIZER CONSUMPTION BY APPLICATION MODE IN METRIC TON, SOUTH AMERICA, 2017 - 2030
- Figure 130:
- FERTILIZER CONSUMPTION BY APPLICATION MODE IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 131:
- FERTILIZER CONSUMPTION VOLUME BY APPLICATION MODE IN %, SOUTH AMERICA, 2017 VS 2023 VS 2030
- Figure 132:
- FERTILIZER CONSUMPTION VALUE BY APPLICATION MODE IN %, SOUTH AMERICA, 2017 VS 2023 VS 2030
- Figure 133:
- FERTIGATION APPLICATION OF FERTILIZER IN METRIC TON, SOUTH AMERICA, 2017 - 2030
- Figure 134:
- FERTIGATION APPLICATION OF FERTILIZER IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 135:
- FERTIGATION APPLICATION OF FERTILIZER IN VALUE BY CROP TYPE IN %, SOUTH AMERICA, 2023 VS 2030
- Figure 136:
- FOLIAR APPLICATION OF FERTILIZER IN METRIC TON, SOUTH AMERICA, 2017 - 2030
- Figure 137:
- FOLIAR APPLICATION OF FERTILIZER IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 138:
- FOLIAR APPLICATION OF FERTILIZER IN VALUE BY CROP TYPE IN %, SOUTH AMERICA, 2023 VS 2030
- Figure 139:
- SOIL APPLICATION OF FERTILIZER IN METRIC TON, SOUTH AMERICA, 2017 - 2030
- Figure 140:
- SOIL APPLICATION OF FERTILIZER IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 141:
- SOIL APPLICATION OF FERTILIZER IN VALUE BY CROP TYPE IN %, SOUTH AMERICA, 2023 VS 2030
- Figure 142:
- FERTILIZER CONSUMPTION BY CROP TYPE IN METRIC TON, SOUTH AMERICA, 2017 - 2030
- Figure 143:
- FERTILIZER CONSUMPTION BY CROP TYPE IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 144:
- FERTILIZER CONSUMPTION VOLUME BY CROP TYPE IN %, SOUTH AMERICA, 2017 VS 2023 VS 2030
- Figure 145:
- FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, SOUTH AMERICA, 2017 VS 2023 VS 2030
- Figure 146:
- FERTILIZER CONSUMPTION BY FIELD CROPS IN METRIC TON, SOUTH AMERICA, 2017 - 2030
- Figure 147:
- FERTILIZER CONSUMPTION BY FIELD CROPS IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 148:
- FERTILIZER CONSUMPTION VALUE BY SPECIALITY TYPE IN %, SOUTH AMERICA, 2023 VS 2030
- Figure 149:
- FERTILIZER CONSUMPTION BY HORTICULTURAL CROPS IN METRIC TON, SOUTH AMERICA, 2017 - 2030
- Figure 150:
- FERTILIZER CONSUMPTION BY HORTICULTURAL CROPS IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 151:
- FERTILIZER CONSUMPTION VALUE BY SPECIALITY TYPE IN %, SOUTH AMERICA, 2023 VS 2030
- Figure 152:
- FERTILIZER CONSUMPTION BY TURF & ORNAMENTAL IN METRIC TON, SOUTH AMERICA, 2017 - 2030
- Figure 153:
- FERTILIZER CONSUMPTION BY TURF & ORNAMENTAL IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 154:
- FERTILIZER CONSUMPTION VALUE BY SPECIALITY TYPE IN %, SOUTH AMERICA, 2023 VS 2030
- Figure 155:
- FERTILIZER CONSUMPTION BY COUNTRY IN METRIC TON, SOUTH AMERICA, 2017 - 2030
- Figure 156:
- FERTILIZER CONSUMPTION BY COUNTRY IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 157:
- FERTILIZER CONSUMPTION VOLUME BY COUNTRY IN %, SOUTH AMERICA, 2017 VS 2023 VS 2030
- Figure 158:
- FERTILIZER CONSUMPTION VALUE BY COUNTRY IN %, SOUTH AMERICA, 2017 VS 2023 VS 2030
- Figure 159:
- FERTILIZER CONSUMPTION IN METRIC TON, ARGENTINA, 2017 - 2030
- Figure 160:
- FERTILIZER CONSUMPTION IN USD, ARGENTINA, 2017 - 2030
- Figure 161:
- FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ARGENTINA, 2023 VS 2030
- Figure 162:
- FERTILIZER CONSUMPTION IN METRIC TON, BRAZIL, 2017 - 2030
- Figure 163:
- FERTILIZER CONSUMPTION IN USD, BRAZIL, 2017 - 2030
- Figure 164:
- FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, BRAZIL, 2023 VS 2030
- Figure 165:
- FERTILIZER CONSUMPTION IN METRIC TON, REST OF SOUTH AMERICA, 2017 - 2030
- Figure 166:
- FERTILIZER CONSUMPTION IN USD, REST OF SOUTH AMERICA, 2017 - 2030
- Figure 167:
- FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, REST OF SOUTH AMERICA, 2023 VS 2030
- Figure 168:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, SOUTH AMERICA, 2017 - 2030
- Figure 169:
- SOUTH AMERICA FERTILIZERS MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
- Figure 170:
- MARKET SHARE OF MAJOR PLAYERS IN %, SOUTH AMERICA, 2022
South America 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. Argentina, Brazil are covered as segments by Country.
- The overall fertilizer market value by crop type has accounted for USD 48.1 billion and is estimated to record a CAGR of 5.6% during 2023-2030. By volume, the overall consumption accounted for 64.0 million metric tons and is estimated to record a CAGR of 3.3% during 2023-2030.
- By crop type, field crops are dominating the market by 94.5%, followed by horticultural crops with 5.5% of fertilizer consumption value. Both horticultural and field crops are essential to the country's trade and consumption, and the increased domestic and international demand is bolstering the segment's growth.
- The area under field crop cultivation has increased by a CAGR of 2.2% during 2023-2030. With important crops being cultivated in the country, such as soybean, corn, and wheat, the country is actively importing fertilizers to meet the domestic demand, which is driving the growth of the segments.
- Accordingly, Free trade agreements (FTAs) between the United States, Chile, and several Latin American countries have been a major factor in the increase in fruit and vegetable production in South American countries over the last few decades. These FTAs, including NAFTA (USMCA), CAFTA-DR, and bilateral agreements with countries such as Chile, Colombia, Panama, and Peru, are expected to further boost fertilizer demand in the region.
- The growth of the South American fertilizers market is being driven by various factors, including the need to meet the growing demand, improve crop yield and quality, and increase production. As a result, the market volume is expected to register a CAGR of 3.3% from 2023 to 2030.
| Type | |||||||||||||||||||||||||||||||||
| Complex | |||||||||||||||||||||||||||||||||
|
| Form | ||||||
| Conventional | ||||||
|
| Application Mode | |
| Fertigation | |
| Foliar | |
| Soil |
| Crop Type | |
| Field Crops | |
| Horticultural Crops | |
| Turf & Ornamental |
| Country | |
| Argentina | |
| Brazil | |
| Rest of South America |
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Market Definition
- MARKET ESTIMATION LEVEL - Market Estimations for various types of fertilizers has been done at the product-level and not at the nutrient-level.
- NUTRIENT TYPES COVERED - Primary Nutrients: N, P and K, Secondary Macronutrients: Ca, Mg and S, Micronutients: Zn, Mn, Cu, Fe, Mo, B, and Others
- AVERAGE NUTRIENT APPLICATION RATE - This refers to the average volume of nutrient consumed per hectare of farmland in each country.
- CROP TYPES COVERED - Field Crops: Cereals, Pulses, Oilseeds, and Fiber Crops Horticulture: Fruits, Vegetables, Plantation Crops and Spices, Turf Grass and Ornamentals
| Keyword | Definition |
|---|---|
| Fertilizer | Chemical substance applied to crops to ensure nutritional requirements, available in various forms such as granules, powders, liquid, water soluble, etc. |
| Specialty Fertilizer | Used for enhanced efficiency and nutrient availability applied through soil, foliar, and fertigation. Includes CRF, SRF, liquid fertilizer, and water soluble fertilizers. |
| Controlled-Release Fertilizers (CRF) | Coated with materials such as polymer, polymer-sulfur, and other materials such as resins to ensure nutrient availability to the crop for its entire life cycle. |
| Slow-Release Fertilizers (SRF) | Coated with materials such as sulfur, neem, etc., to ensure nutrient availability to the crop for a longer period. |
| Foliar Fertilizers | Consist of both liquid and water soluble fertilizers applied through foliar application. |
| Water-Soluble Fertilizers | Available in various forms including liquid, powder, etc., used in foliar and fertigation mode of fertilizer application. |
| Fertigation | Fertilizers applied through different irrigation systems such as drip irrigation, micro irrigation, sprinkler irrigation, etc. |
| Anhydrous Ammonia | Used as fertilizer, directly injected into the soil, available in gaseous liquid form. |
| Single Super Phosphate (SSP) | Phosphorus fertilizer containing only phosphorus which has lesser than or equal to 35%. |
| Triple Super Phosphate (TSP) | Phosphorus fertilizer containing only phosphorus greater than 35%. |
| Enhanced Efficiency Fertilizers | Fertilizers coated or treated with additional layers of various ingredients to make it more efficient compared to other fertilizers. |
| Conventional Fertilizer | Fertilizers applied to crops through traditional methods including broadcasting, row placement, ploughing soil placement, etc. |
| Chelated Micronutrients | Micronutrient fertilizers coated with chelating agents such as EDTA, EDDHA, DTPA, HEDTA, etc. |
| Liquid Fertilizers | Available in liquid form, majorly used for application of fertilizers to crops through foliar and fertigation. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: IDENTIFY KEY VARIABLES: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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