1 Global Greenhouse Horticulture Fertilizer Market Outlook
The global Greenhouse Horticulture Fertilizer market is projected to exhibit substantial growth in the coming years, with a CAGR of 2.54% from 2024 to 2033, reaching a total market size of $655.30 million USD in 2024. Greenhouse Horticulture Fertilizers are specialized products designed to provide essential nutrients to plants grown in greenhouses. These fertilizers are typically water-soluble and are applied through irrigation systems to ensure optimal nutrient uptake. They are essential for maintaining soil fertility and promoting healthy plant growth, especially in environments where natural soil conditions may be suboptimal. The use of these fertilizers allows for year-round cultivation of crops, including vegetables, fruits, and ornamental plants, thereby meeting the growing global demand for fresh produce.
Figure Global Greenhouse Horticulture Fertilizer Market Size and Growth Rate (2024-2033)
2 Greenhouse Horticulture Fertilizer Market Growth Drivers and Constraints
The growth of the Greenhouse Horticulture Fertilizer market is influenced by several key factors. One of the primary drivers is the continuous expansion of the greenhouse agriculture market. As climate change intensifies, the need for controlled agricultural environments has become more pronounced. Greenhouses provide a stable climate for crops, protecting them from extreme weather conditions and pests. This has led to an increased demand for greenhouse horticulture fertilizers, which are essential for maximizing crop yields in these controlled settings.
Another significant driver is the rising global population and the subsequent increase in food demand. By 2050, the world’s population is projected to exceed 9 billion, placing immense pressure on the agricultural sector to produce more food. Greenhouse horticulture, supported by specialized fertilizers, offers a solution by enabling year-round, off-season crop production. This not only meets the growing food demand but also ensures a steady supply of fresh produce.
However, the market also faces several challenges. One of the primary limiting factors is the fluctuation in raw material prices. Key raw materials such as coal, nitrogen, and potassium are subject to market supply and demand dynamics, which can lead to price volatility. This volatility can increase production costs for manufacturers and reduce profit margins. Additionally, environmental regulations pose a significant challenge. The production of fertilizers generates waste water, gas, and solid waste, which must be managed in compliance with strict environmental laws. Non-compliance can result in penalties and increased operational costs.
3 Greenhouse Horticulture Fertilizer Market Innovations and M&A Activities
The Greenhouse Horticulture Fertilizer industry is witnessing significant technological advancements, particularly in the development of controlled-release fertilizers (CRFs). These fertilizers use coating technology to regulate nutrient release, ensuring a steady supply of nutrients over an extended period. This technology not only enhances crop quality but also reduces the need for frequent fertilizer applications, making it more efficient and environmentally friendly.
Corporate mergers and acquisitions are also shaping the market landscape. Major players such as Israel Chemicals Ltd, Yara International, and Haifa Group are actively involved in strategic partnerships and acquisitions to expand their market share. For example, Israel Chemicals Ltd completed the acquisition of Compass Minerals’ South American Plant Nutrition Business in 2021, significantly enhancing its presence in the South American market. Similarly, EuroChem Group acquired the Serra do Salitre phosphate project in Brazil in 2022, further strengthening its position in the global fertilizer market.
In conclusion, the Greenhouse Horticulture Fertilizer market is poised for steady growth, driven by the expansion of greenhouse agriculture and the increasing demand for food. However, it must navigate challenges such as raw material price volatility and environmental regulations. Technological innovations, particularly in controlled-release fertilizers, and strategic corporate maneuvers are key factors that will shape the future of this market.
4 Global Greenhouse Horticulture Fertilizer Market Analysis by Type
In 2024, the global Greenhouse Horticulture Fertilizer market is projected to have a revenue of 655.3 million USD. The market share for the different types of fertilizers in 2024 is as follows: Organic Fertilizers are projected to have a value of $89.05 million USD, expecting to hold a revenue market share of 13.59%, while Synthetic Fertilizers are projected to have a value of $566.24 million USD, anticipating to account for 86.41%.
Table Global Greenhouse Horticulture Fertilizer Market Size and Share by Type in 2024
Type | Market Size in 2024 (M USD) | Market Share in 2024 (%) |
|---|---|---|
Organic Fertilizers | 89.05 | 13.59% |
Synthetic Fertilizers | 566.24 | 86.41% |
5 Global Greenhouse Horticulture Fertilizer Market Analysis by Application
In 2024, the global Greenhouse Horticulture Fertilizer market is forecasted to generate a revenue of 655.3 million USD. The revenue by application and their respective market shares are as follows:
Vegetables: Revenue of 434.47 million USD, accounting for 66.30% of the market.
Ornamentals: Revenue of 85.10 million USD, representing 12.99% of the market.
Fruit: Revenue of 115.91 million USD, making up 17.69% of the market.
Others: Revenue of 19.82 million USD, holding 3.02% of the market.
These figures highlight the dominant role of vegetables in the greenhouse horticulture fertilizer market, driven by the increasing demand for year-round and off-season production to meet global food needs.
Table Global Greenhouse Horticulture Fertilizer Market Size and Share by Application in 2024
Application | Market Size in 2024 (M USD) | Market Share in 2024 (%) |
|---|---|---|
Vegetables | 434.47 | 66.30% |
Ornamentals | 85.10 | 12.99% |
Fruit | 115.91 | 17.69% |
Others | 19.82 | 3.02% |
6 Global Greenhouse Horticulture Fertilizer Market Analysis by Region
In 2024, the global Greenhouse Horticulture Fertilizer market is projected to achieve a revenue of 655.3 million USD. The revenue market share by region is as follows:
United States: Revenue of 18.27 million USD, accounting for 2.82% of the global market.
Europe: Revenue of 192.18 million USD, representing 29.62% of the global market.
China: Revenue of 270.38 million USD, making up 41.11% of the global market.
Japan: Revenue of 45.27 million USD, holding 6.92% of the global market.
India: Revenue of 4.25 million USD, accounting for 0.65% of the global market.
Southeast Asia: Revenue of 2.65 million USD, representing 0.41% of the global market.
Latin America: Revenue of 12.32 million USD, making up 1.88% of the global market.
Middle East and Africa: Revenue of 37.94 million USD, holding 5.70% of the global market.
Other Regions: Revenue of 75.24 million USD, accounting for 10.88% of the global market.
These figures highlight the significant contributions of China and Europe to the global Greenhouse Horticulture Fertilizer market, with China leading in terms of revenue share.
Figure Global Greenhouse Horticulture Fertilizer Market Share by Region in 2024
7 Top 3 Companies of Global Greenhouse Horticulture Fertilizer Market
7.1 Israel Chemicals Ltd (ICL)
Company Introduction and Business Overview:
Israel Chemicals Ltd (ICL) is a multinational corporation headquartered in Tel Aviv, Israel, with a global presence in the specialty minerals and chemicals industry. Established in 1968, ICL is renowned for its production of potash, bromine, and other specialty fertilizers. The company operates manufacturing facilities in Israel, Europe, and the United States, and serves customers worldwide. ICL’s business is divided into three main segments: agriculture, food, and engineered materials. The company is a leading producer of potash and bromine, with significant market share in specialty fertilizers.
Products Offered:
ICL offers a wide range of products tailored for greenhouse horticulture, including water-soluble fertilizers such as Peters Excel 13-2-13 Plug and Bedding Plant Special. These fertilizers are designed for specific applications, such as plugs, liners, bedding plants, and vegetable transplants. ICL’s products are known for their high nitrate content, low phosphate levels, and inclusion of essential micronutrients like calcium and magnesium. The company also offers products with chelated trace elements to enhance plant growth and color.
Sales Revenue in the Latest Year:
Israel Chemicals Ltd reported a revenue of approximately 95.08 million USD in the greenhouse horticulture fertilizer market. This revenue underscores ICL’s strong market position and its ability to provide high-quality, specialized fertilizers for greenhouse applications.
7.2 Yara International
Company Introduction and Business Overview:
Yara International is a Norwegian chemical company founded in 1905, with its headquarters in Oslo, Norway. The company is a global leader in the production of nitrogen-based fertilizers, including nitrates, ammonia, and urea. Yara operates manufacturing facilities primarily in Europe and Brazil, and serves customers worldwide. The company’s business is focused on providing essential nutrients to support sustainable agriculture and food production. Yara is also known for its innovative solutions in crop nutrition and digital farming.
Products Offered:
Yara offers a comprehensive range of fully water-soluble fertilizers under the YaraTera brand. These products include NPK fertilizers, straight fertilizers, chelates, liquid fertilizers, and biostimulants. YaraTera fertilizers are designed for use in fertigation systems, providing efficient nutrient and water management to maximize crop yield and quality. Yara’s products are known for their ease of application and compatibility with various crops.
Sales Revenue in the Latest Year:
Yara International reported a revenue of approximately 75.11 million USD in the greenhouse horticulture fertilizer market. This revenue highlights Yara’s strong market presence and its commitment to providing high-quality, water-soluble fertilizers for greenhouse applications.
7.3 Haifa Group
Company Introduction and Business Overview:
Haifa Group is an international company headquartered in Haifa, Israel, specializing in the production of potassium nitrate and specialty phytonutrients. Established in 1966, Haifa Group is a pioneer in developing and supplying advanced agricultural solutions for all climates and soil conditions. The company operates manufacturing facilities primarily in Israel and serves customers worldwide. Haifa Group is known for its innovative products and commitment to sustainable agriculture.
Products Offered:
Haifa Group offers a range of products, including Poly-Feed™ Stim, a hybrid fertilizer that combines mineral fertilization with natural stimulants. This product enhances plant growth, improves stress tolerance, and increases yield. Haifa’s fertilizers are designed for use in drip irrigation systems and are suitable for high-value crops such as fruit trees and vegetables. The company also offers controlled-release fertilizers for horticulture and ornamental plants.
Sales Revenue in the Latest Year:
Haifa Group reported a revenue of approximately 43.54 million USD in the greenhouse horticulture fertilizer market. This revenue reflects Haifa Group’s strong market position and its dedication to providing innovative and sustainable fertilizers for greenhouse applications.