$29.9bn
$X.Xbn
23,700
1,426
$X.Xbn
Over the five years to 2024, fertilizer manufacturers have experienced significant volatility due to global market forces, supply chain disruptions, the impacts of the COVID-19 pandemic and geopolitical tensions, such as the ongoing conflict in Ukraine. Despite these challenges, industry revenue has grown at a CAGR of 2.8% to reach $27.9 billion over the past five years, although it faced a notable decline of 6.8% in 2024 alone. US producers have capitalized on market disruptions to increase their global presence, meeting heightened demand and positioning the United States as a reliable supplier amid instability. Additionally, the rise in environmental awareness and regulatory pressures has spurred demand for eco-friendly fertilizers, supported by government grants and initiatives.
Industry revenue has grown at a CAGR of 4.2 % over the past five years, to reach an estimated $29.9bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Cf Industries Holdings, inc. | 4,187.1 | 1,121.1 | 26.8 | |
Mosaic Co | 2,943.2 | 334.4 | 11.4 | |
Nutrien Ltd. | 2,617.5 | 334.9 | 12.8 |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Phosphate fertilizers , Nitrogenous fertilizers and Mixed fertilizers . Phosphate fertilizers is the largest segment of the Fertilizer Manufacturing in the US.
Nitrogenous fertilizers are the most used in the US
This industry primarily manufactures fertilizer products. These products contain a different mixture of the three vital nutrients essential for plant growth: nitrogen, phosphorous and potassium. The products are distributed via wholesale arrangements with third parties or, in the case of vertically integrated operations, by the manufacturer.
Purchase this report to view all 3 major companies in this industry.
NAICS 32531 - Fertilizer Manufacturing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
US fertilizer producers have capitalized on global supply disruptions caused by the Ukraine-Russia conflict. This has increased their market presence and enhanced the United ...
Learn about an industry's products and services, markets and trends in international trade.
The United States has significantly increased its fertilizer exports due to the war in Ukraine. Sanctions on Russia have created a market void that US companies are now filli...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The Southeast and West regions attract fertilizer manufacturers because of their rich natural resources. Proximity to essential raw materials like phosphate rock and potash r...
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.
Strict environmental regulations and high start-up costs make it challenging for new companies to enter the fertilizer manufacturing industry. These barriers necessitate sign...
Learn about the performance of the top companies in the industry.
US fertilizer manufacturers like CF Industries are investing heavily in low-carbon and green ammonia production. This shift towards sustainable practices reflects a strategic...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Public sector support plays a crucial role in the fertilizer manufacturing industry. Government subsidies, research grants and infrastructure investments help reduce costs, p...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Purchases are the largest expense for fertilizer manufacturers, primarily including raw materials like phosphate rock, sulfur, and ammonia.The cost of these materials has rema...
Including values and annual change:
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.
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 in the US include:
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:
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.
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.
Unlock comprehensive answers and precise data upon purchase. View purchase options.
The market size of the Fertilizer Manufacturing in the US industry in United States is $29.9bn in 2024.
There are 1,426 businesses in the Fertilizer Manufacturing in the US industry in United States, which has grown at a CAGR of 1.6 % between 2019 and 2024.
The market size of the Fertilizer Manufacturing in the US industry in United States has been growing at a CAGR of 4.2 % between 2019 and 2024.
Over the next five years, the Fertilizer Manufacturing in the US industry in United States is expected to grow.
The biggest companies operating in the Fertilizer Manufacturing market in United States are Cf Industries Holdings, inc., Mosaic Co and Nutrien Ltd.
Manufacturing ammonia, ammonium nitrate, ammonium sulfate and ammonium phosphates and Manufacturing natural-organic and animal-waste or sewage-origin fertilizers are part of the Fertilizer Manufacturing in the US industry.
The company holding the most market share in United States is Cf Industries Holdings, inc..
The level of competition is high and increasing in the Fertilizer Manufacturing in the US industry in United States.