Mexico Fertilizer Market Overview, 2029

Mexico, blessed with various agricultural landscapes and a strong agricultural tradition, has a robust fertiliser industry that is critical to the country's agricultural production and food security. Mexico provides a unique setting for agricultural development, spanning from lush plains to high-altitude plateaus, due to its extensive arable areas and diverse climatic conditions. The Mexican fertiliser industry includes a diverse variety of products, including organic and inorganic fertilisers adapted to particular nutritional requirements of different crops and soil types. As Mexico prioritises sustainable farming practises and environmental stewardship, there is a growing need for environmentally friendly fertilisers that increase soil health, reduce environmental impact, and boost crop yields. The market provides a varied array of fertilisers, such as nitrogen-based, phosphorous-based, and potassium-based versions, as well as specialised formulations to treat particular nutritional deficits. With an increased emphasis on precision agriculture and the use of new agricultural technology, Mexico has seen an increase in the usage of novel fertilisers such as controlled-release and foliar fertilisers, which maximise nutrient efficiency and minimise nutrient losses. Furthermore, the Mexican fertiliser market is distinguished by a robust network of domestic and foreign producers, which ensures a consistent supply of high-quality fertilisers while encouraging healthy competition in the industry. Agriculture is an important industry for Mexico's economic growth and food security, and the fertiliser market is evolving as a result of advances in agricultural research, increased awareness of sustainable farming practises, and the desire of higher crop yields. The Mexican fertiliser market is prepared to make a substantial contribution to the country's agricultural growth, assisting farmers in their pursuit of increased productivity and sustainable agricultural practises.

According to the research report "Mexico Fertilizer Market Overview, 2029," published by Bonafide Research, the Mexico Fertilizer market is expected to reach a market size of more than USD 3.50 Billion by 2029. The fertilizer sector in Mexico is anticipated to experience steady expansion, driven by the growing need for food and the modernization efforts within the agricultural industry. As Mexico continues to be a leading exporter of crops such as corn, avocados, and tomatoes, the demand for effective and high-yield farming practices is propelling fertilizer consumption. Nitrogen, phosphate, and potassium-based fertilizers are fundamental to crop production, with urea, diammonium phosphate (DAP), and potassium chloride (MOP) being the predominant products in use. A significant trend in the Mexican fertilizer landscape is the rising adoption of precision agriculture and customized fertilizer applications. Farmers are increasingly utilizing specialized fertilizers and sophisticated nutrient management techniques to boost crop yields and enhance soil health, while also aiming to reduce waste and mitigate environmental impacts. The popularity of complex fertilizers, which deliver a balanced array of nutrients, is on the rise, particularly in the cultivation of high-value crops such as fruits and vegetables.

Nitrogenous fertilizers currently hold a dominant position in the market, although the utilization of complex fertilizers is anticipated to increase in the forthcoming years. Nevertheless, the elevated costs associated with complex fertilizers continue to pose a challenge, leading to subdued demand from agricultural producers. The application of fertilizers is most prevalent in the cultivation of cereals and grains; however, it is projected that their use will expand to include oilseeds and pulses over the forecast period. The rising demand for cereals and grains is driven by the growing population across the nation. This heightened need for crops such as rice, wheat, barley, maize, and paddy translates into an increased requirement for fertilizers aimed at enhancing both the quantity and quality of yields. The fertilizer market, which encompasses products like ammonium sulfate (AS), urea, calcium ammonium nitrate (CAN), ammonium nitrate (AN), diammonium phosphate (DAP), monoammonium phosphate (MAP), potassium chloride (MOP/KCl), and complex fertilizers, is witnessing significant growth. Urea remains the most prevalent nitrogen fertilizer due to its cost-effectiveness and versatility across various crop types, particularly in the cultivation of corn and wheat. The demand for DAP and MAP is robust, largely driven by Mexico's substantial requirement for phosphorus-based fertilizers, which are crucial for boosting yields in cereals, fruits, and vegetables. Potassium chloride (MOP/KCl) serves as a vital source of potassium, significantly enhancing soil fertility, especially in areas with nutrient-deficient soils, thereby supporting the cultivation of essential crops like sugarcane and bananas. Complex fertilizers, which provide a balanced mix of nitrogen, phosphorus, and potassium (NPK), are increasingly preferred for their nutritional benefits, particularly in the growing horticultural sector. Additionally, ammonium sulfate (AS) and calcium ammonium nitrate (CAN/AN) are becoming more significant, particularly in regions facing soil acidity issues, as they assist in pH balance while supplying essential nutrients.

In Mexico, the fertilizer market's application segment is rapidly growing, propelled by the heightened demand for a variety of crops, including vegetables, fruits, cereals, grains, oilseeds, and pulses. The largest share of fertilizer consumption is attributed to the cereals and grains segment, where staple crops such as corn and wheat are essential for both local diets and export markets. These crops require significant amounts of nitrogen, phosphorus, and potassium, leading to a strong demand for fertilizers like urea and DAP, which are critical for enhancing agricultural yields and ensuring food security. The vegetable and fruits segment is also experiencing remarkable growth, supported by Mexico's role as a leading exporter of high-value crops such as tomatoes, avocados, and berries. To improve crop quality and address the increasing global demand for fresh produce, farmers are adopting more efficient fertilizer practices, including precision farming and the use of specialty fertilizers. Additionally, oilseeds and pulses, such as soybeans and beans, are important contributors to the market, with nitrogen-based fertilizers being essential for the production of protein-rich crops. The "others" category, which includes crops like sugarcane and cotton, is bolstered by fertilizers that enhance soil fertility and productivity.

COVID-19 Impact
The COVID-19 pandemic has had a profound impact on Mexico's fertilizer market, disrupting supply chains and altering demand patterns across the agricultural sector. Prior to the crisis, Mexico was a significant player in the global fertilizer trade, both as an importer and exporter of key nutrients like nitrogen, phosphorus, and potassium. However, the lockdowns, border restrictions, and economic slowdown triggered by the pandemic have severely strained this market. Fertilizer production facilities have faced challenges with labour shortages and interruptions to the supply of raw materials, leading to reduced output and distribution bottlenecks. At the same time, many Mexican farmers have struggled to afford or access the fertilizers needed to maintain crop yields, as the economic fallout of COVID-19 has strained agricultural budgets. This has resulted in a drop in overall fertilizer consumption within Mexico, as growers have been forced to scale back or optimize their application rates.



Considered in this report :
• Geography: Mexico
• Historic Year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report :
• Mexico fertilizer market with its value and forecast along with its segments
• Application wise fertilizer consumption
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Nutrient in the report:
• Nitrogenous fertilizer (Urea, ammonium sulphate, CAN/ AN, others)
• Phosphate fertilizer (Di-ammonium phosphate, mono-ammonium phosphate, others)
• Potash fertilizer (Muriate of potash/potassium chloride, sulphate of potash others)
• Complex fertilizer (NPK, NK, PK, NP compounds)

By Product type in the report:
• Ammonium sulphate
• Urea
• Calcium ammonium nitrate/ Ammonium nitrate
• Di-ammonium phosphate (DAP)
• Mono-ammonium phosphate (MAP)
• Muriate of potash (MOP)/ (KCl)
• Complex (NPK, NK, PK, NP)
• Others (Potassium nitrate, Other Potasic fertilizer)
• Others (Phosphate rock, superphosphate, other Phosphatic fertilizer)
• Others (UAN, Sodium nitrate, Ammonia anhydrous, Others nitrogenous fertilizers)

By Application in the report:
• Vegetable & Fruits
• Cereals & Grains
• Oilseeds & Pulses
• Others

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.


Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to fertilizer industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.