From GlobeNewswire: 2025-06-13 10:00:00

The NPK Fertilizer Market was valued at USD 97.53 billion in 2024 and is projected to reach USD 124.91 billion by 2032, with a CAGR of 3.15%. Balanced nutrient solutions are gaining popularity due to global food security and eco-farming trends, supported by government initiatives and increased sales by companies like Nutrien.

In the U.S., the NPK Fertilizer market is worth USD 14.94 billion in 2024, with an 80% market share. This growth is attributed to USDA and EPA sustainable farming initiatives, increased adoption of precision agriculture, and expanded production by companies like CF Industries and Mosaic Company.

Blended NPK fertilizers dominated the market in 2024 with a 31.6% market share, offering tailored nutrient profiles for efficient crop yield. Cereals & Grains led in crop type with a 39.1% market share, meeting high nutrient demands. Foliar application was the preferred mode in 2024 with a 46.5% share, ensuring rapid nutrient absorption.

Asia Pacific dominated the NPK Fertilizer Market in 2024 with a 43.0% market share, driven by rising food demand, government subsidies, precision agriculture adoption, and intensive farming practices. Recent developments include India’s approval of a subsidy for NPK fertilizers, boosting farmer affordability and fertilizer company stocks.



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