Global Fertilizers & Agricultural Chemicals Manufacturing - Market Research Report (2013-2028)
New York, United States
Last Updated: September 2023
C1932-GLRevenue
$396.0bn
Past 5-Year Growth
Profit
$XX.Xbn
Employees
541k
Businesses
4,675
Wages
$XX.Xbn
Global Fertilizers & Agricultural Chemicals Manufacturing industry analysis
The Global Fertilizers and Agricultural Chemicals Manufacturing industry produces synthetic fertilizers, pesticides, and other agricultural chemicals. Therefore, the industry plays an essential role in ensuring that the world's agricultural production systems are economically efficient in the short term and sustainable in the long term. Industry growth trends are led by three main drivers: feed, food, and biofuels.Leading up to the reporting period, fertilizer and agrochemical demand increased in both traditional and emerging markets, where food pressures have led to calls for higher agricultural productivity and crop yields. However, growing commodity prices, particularly during COVID-19, have supported revenue. In particular, fertilizer prices are expected to expand over the five years to 2023, positively affecting industry revenue. However, downstream consumers in some markets have increasingly scrutinized the use of some industry products, particularly pesticides, as they are considered potentially harmful to the environment. Ultimately, this is expected to result in expanding industry revenue, with revenue growing an annualized 0.5% to $396.0 billion over the five years to 2023. This forecast growth includes an expected decline of 7.0% in 2023 alone as the price of fertilizer and demand from agricultural markets are estimated to fall, after rising in 2021 and 2022. Moreover, profit is expected to fall during the period because of price volatility.Industry performance over the five years to 2028 is anticipated to hinge on demand growth from the United States, an expected increase in demand from emerging economies, and new industry operations in emerging markets, like Asia, Africa, and the Middle East. With crop prices and production forecast to fall globally, farmers are expected to demand fewer industry products. Overall, industry revenue is forecast to shrink an annualized 0.7% to $383.0 billion over the five years to 2028. Many high-profile mergers occurred over the past five years, like the acquisition of the Monsanto Company by Bayer AG and Syngenta AG by China National Chemical Corporation. The consolidation activity is expected to continue over the next five years as other large multinational corporations attempt to gain additional market share.
Trends and Insights
- Most downstream demand emanates from consumers in the global agricultural sector. Therefore, crop acreage, yields and prices all play key roles in determining demand.
- The agricultural sector is the primary consumer of products from the Global Fertilizers and Agricultural Chemicals Manufacturing industry. Key cropping industries include corn, wheat and rice, reflecting the fact that they are the staple foods of the world's growing population.
- The Global Fertilizers and Agricultural Chemicals Manufacturing industry has a wide geographic spread, with various emerging countries playing a prominent role on the global stage. Nonetheless, North America, North Asia and Europe dominate production.
- The high concentration of manufacturers also can pose a significant barrier. Chemical heavyweights DowDuPont Inc. and Syngenta AG dominate the pesticide segment.
Industry Overview
Market size and recent performance (2013-2028)
Industry revenue has grown at a CAGR of 0.5 % over the past five years, to reach an estimated $396.0bn in 2023.
Trends and Insights
Supply chain disruptions have presented a double-edged sword for manufacturers
- COVID-19 caused significant disruptions to global supply chains, including the supply of raw materials and energy used to produce fertilizers and agricultural chemicals.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to decline over the next five years.
Trends and Insights
Increased demand for food and rising crop prices will benefit manufacturers
- The global population is expected to grow to 8.5 billion by 2030, and incomes are expected to rise in developing countries.
Biggest companies in the Global Fertilizers & Agricultural Chemicals Manufacturing
| Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
|---|---|---|---|---|
Bayer AG | 16,234.4 | N/A | N/A | |
Syngenta AG | 12,670.8 | N/A | N/A | |
Nutrien AG | 9,899.0 | N/A | N/A |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Fertilizers, Pesticides and Other. Fertilizers is the largest segment of the Global Fertilizers & Agricultural Chemicals Manufacturing.
Trends and Insights
Supply chain disruptions have lifted fertilizer prices
- Fertilizers are typically made from three essential plant nutrients: phosphorus, nitrogen, or potassium. They also contain secondary plant nutrients like calcium, sulfur, and magnesium.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Global Basic Inorganic Chemicals Manufacturing
Complementors
- Global Petrochemicals Manufacturing
- Global Basic Organic Chemicals Manufacturing
- Global Biotechnology
International industries
- Fertilizer Manufacturing in the US
- Pesticide Manufacturing in the US
- Fertilizer Manufacturing in Canada
- Pesticide Manufacturing in Canada
- Fertiliser Manufacturing in Australia
Table of Contents
About this industry
Industry definition
The Global Fertilizers and Agricultural Chemicals Manufacturing industry formulates and prepares fertilizer products, pesticides (e.g. herbicides, insecticides and fungicides) and other agricultural chemicals (e.g. insect repellents, sheep dips, fly sprays and flea powders). Key markets serviced include the agricultural sector, households and various commercial and industrial users.
What's included in this industry?
FertilizersPesticidesCompanies
Bayer AGSyngenta AGNutrien AGPurchase this report to view all 4 major companies in this industry.
Related Terms
FERTILIZERSPESTICIDESAGROCHEMICALSPerformance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Most downstream demand emanates from consumers in the global agricultural sector. Therefore, crop acreage, yields and prices all play key roles in determining demand.
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2013-2022) and forecast (2023-2028)
- Employees, including historical (2013-2022) and forecast (2023-2028)
- Businesses, including historical (2013-2022) and forecast (2023-2028)
- Profit, including historical (2013-2023)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
The agricultural sector is the primary consumer of products from the Global Fertilizers and Agricultural Chemicals Manufacturing industry. Key cropping industries include cor...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2023
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2023
- Major market segmentation in 2023
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
The Global Fertilizers and Agricultural Chemicals Manufacturing industry has a wide geographic spread, with various emerging countries playing a prominent role on the global s...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2023
Tables
- Number and share of establishments in each region in 2023
- Number and share of revenue each region accounts for in 2023
- Number and share of wages each region accounts for in 2023
- Number and share of employees in each region in 2023
Detailed analysis
- Business Locations Charts
- Share of global output by region in 2023
- Share of population compared to output in each region in 2023
- Data tables
- Share of global output by region in 2023
- Detailed analysis
- Geographic spread of the industry across Global, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
The high concentration of manufacturers also can pose a significant barrier. Chemical heavyweights DowDuPont Inc. and Syngenta AG dominate the pesticide segment.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2018-2023
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
The industry is facing some challenges, but is also well-positioned for growth. On the one hand, companies in the industry are facing higher input costs, supply chain disrupt...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2019 through 2023
- Major companies in the industry, including market share, revenue, profit and profit margin in 2023
- Overview of Bayer AG's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Syngenta AG's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Nutrien AG's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of revenue, market share and profit margin trend for one additional company
Detailed analysis
- Description and key data for Bayer AG, and factors influencing its performance in the industry
- Description and key data for Syngenta AG, and factors influencing its performance in the industry
- Description and key data for Nutrien AG, and factors influencing its performance in the industry
- Description, key data and performance trends for one additional company
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
In recent years, many laws have been implemented to restrict the amount and type of pollutants released into the environment. In the case of pesticides, efforts have focused ...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2013-2028)
- Assistance historical data and forecast (2013-2028)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Cost structure in the Global Fertilizers and Agricultural Chemicals Manufacturing industry will fluctuate depending on the location and size of a given operator. For example,...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2013-2028)
- Revenue per Employee (2013-2028)
- Revenue per Enterprise (2013-2028)
- Employees per Establishment (2013-2028)
- Employees per Enterprise (2013-2028)
- Average Wage (2013-2028)
- Wages/Revenue (2013-2028)
- Establishments per Enterprise (2013-2028)
- IVA/Revenue (2013-2028)
- Imports/Demand (2013-2028)
- Exports/Revenue (2013-2028)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2013-2028)
- IVA (2013-2028)
- Establishments (2013-2028)
- Enterprises (2013-2028)
- Employment (2013-2028)
- Exports (2013-2028)
- Imports (2013-2028)
- Wages (2013-2028)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources globally include:
- United Nations Comtrade
- Organization for Economic Cooperation & Development
- World Bank
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Global Fertilizers & Agricultural Chemicals Manufacturing industry in Global in 2024?
The market size of the Global Fertilizers & Agricultural Chemicals Manufacturing industry in Global is $396.0bn in 2024.
How many businesses are there in the Global Fertilizers & Agricultural Chemicals Manufacturing industry in 2023?
There are 4,675 businesses in the Global Fertilizers & Agricultural Chemicals Manufacturing industry in Global, which has grown at a CAGR of 2.0 % between 2018 and 2023.
Has the Global Fertilizers & Agricultural Chemicals Manufacturing industry in Global grown or declined over the past 5 years?
The market size of the Global Fertilizers & Agricultural Chemicals Manufacturing industry in Global has been growing at a CAGR of 0.5 % between 2018 and 2023.
What is the forecast growth of the Global Fertilizers & Agricultural Chemicals Manufacturing industry in Global over the next 5 years?
Over the next five years, the Global Fertilizers & Agricultural Chemicals Manufacturing industry in Global is expected to decline.
What are the biggest companies in the Global Fertilizers & Agricultural Chemicals Manufacturing market in Global?
The biggest companies operating in the Global Fertilizers & Agricultural Chemicals Manufacturing market in Global are Bayer AG, Syngenta AG and Nutrien AG
What does the Global Fertilizers & Agricultural Chemicals Manufacturing in Global include?
Fertilizers and Pesticides are part of the Global Fertilizers & Agricultural Chemicals Manufacturing industry.
Which companies have the highest market share in the Global Fertilizers & Agricultural Chemicals Manufacturing in Global?
The company holding the most market share in Global is Bayer AG.
How competitive is the Global Fertilizers & Agricultural Chemicals Manufacturing industry in Global?
The level of competition is high and increasing in the Global Fertilizers & Agricultural Chemicals Manufacturing industry in Global.
