Brazil Fertilizer Market Overview, 2029

Brazil is a vast and diverse country, and its agricultural landscape is a prime example of its natural bounty. The agricultural lands of Brazil are truly remarkable, stretching across millions of acres of fertile soil that support a wide array of crops. At the heart of this agricultural powerhouse lies the country's famed cerrado region, a sprawling tropical savanna that covers nearly a quarter of Brazil's total landmass. This unique biome, with its nutrient-rich dark red soil, is ideal for the cultivation of staple crops like soybeans, corn, and sugarcane, which thrive in the warm, humid climate. Beyond the cerrado, Brazil's agricultural reach extends to the Amazon rainforest in the north, where nutrient-poor but productive land is used to grow a variety of tropical fruits and nuts, as well as the temperate southern regions, home to sprawling wheat and grape vineyards. To maintain the productivity of these vast agricultural lands, Brazilian farmers rely heavily on the use of fertilizers. Synthetic fertilizers, rich in essential nutrients like nitrogen, phosphorus, and potassium, are widely applied to replenish the soil and ensure bountiful harvests year after year. Additionally, organic fertilizers, such as animal manure and compost, are also utilized to improve soil structure and fertility in a more sustainable manner.

According to the research report "Brazil Fertilizer Market Overview, 2029," published by Bonafide Research, the Brazil Fertilizer market is anticipated to grow at more than 3.13% CAGR from 2024 to 2029. The decrease in arable land in the country is driving the market for fertilizers. Increasing urbanisation and commercialization is another factor resulting in a declining land area for agriculture. Fertilizers are demanded more with the rising food demand from the ever increasing population of the country, and water soluble fertilisers in the forecast period. However, organic fertilisers challenge the demand for chemical fertilizers. Since the farmers are uneducated in developing countries, they lack optimum utilisation of the fertilizers. The recent government regulations pertaining to the use of fertilisers for agricultural purposes act as a growth hindrance. The rise in awareness campaigns to educate farmers regarding the benefits of fertilizers, such as promoting the use of fertilisers via television advertisements and workshops, is estimated to drive the fertiliser demand.

The fertilizer market in Brazil has seen significant growth and shifting trends across various product segments. Ammonium sulfate (AS) remains a popular choice, valued for its high nitrogen content and suitability for a range of crops. Urea, a highly concentrated nitrogen fertilizer, has also seen increased adoption due to its cost-effectiveness and ease of application. Calcium ammonium nitrate (CAN) and ammonium nitrate (AN) are favored for their balanced nitrogen release, catering to the needs of diverse agricultural systems. Diammonium phosphate (DAP) and monoammonium phosphate (MAP) are widely utilized to address phosphorus requirements, supporting plant growth and development. Potassium chloride (MOP/KCl) is a crucial potassium source, essential for improving crop yields and overall plant health. Additionally, complex fertilizers that combine nitrogen, phosphorus, and potassium have gained popularity, offering a more comprehensive nutrient solution for Brazilian farmers.

The fertilizer market in Brazil has experienced significant growth in recent years, driven largely by the expansion of various application segments. One of the key areas of focus has been the vegetable and fruit segment, as Brazilian farmers have sought to optimize yields and enhance the quality of their produce to meet the growing domestic and international demand. Cereals and grains, another crucial application segment, have also seen a surge in fertilizer consumption as farmers work to boost production to feed Brazil's burgeoning population and maintain the country's status as a major agricultural exporter. The oilseeds and pulses segment has likewise experienced robust growth, with farmers leveraging fertilizers to cultivate a wider array of high-value crops like soybeans, sunflowers, and lentils. Additionally, the "others" category, which encompasses a diverse range of applications from ornamental horticulture to biofuel feedstocks, has also contributed to the overall expansion of the Brazilian fertilizer market. Cereals and grains have greatest use of fertilizers, however throughout the forecast period it is expected that fertilisers would be utilized more to produce oilseeds and pulses. Demand for cereals and grains is increasing to keep up with the nation's proportionately expanding population. Growing demand for crops such as rice, wheat, barley, maize, paddy, and others results in a corresponding rise in the need for fertilizers to boost yields of higher quality and quantity.

COVID-19 Impact
Agriculture was an essential activity and so was exempted from government regulations during the pandemic. But the restrictions on the movement of people and goods created challenges for the industry, halting the supply of fertilizers. Due to non-availability, the farmers were not able to sow the seeds at the proper time and the food production came to a standstill. Due to the shortage of labour and the shutdown of a few fertiliser plants located in the integrated chemical complexes, shipments were affected in the initial lockdown process. Brazil, a major fertiliser supplier to the world markets, was not able to export fertilisers to other countries, which created scarcity and a price hike in fertilizers. However, government initiatives and subsidies after the pandemic have eased the farmers' burdens, giving them relief for fertiliser purchases.



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



Aspects covered in this report :
• Brazil 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.