Argentina Fertiliser Market Report and Forecast 2024-2032

Argentina Fertiliser Market Size

The Argentina fertiliser market reached approximately 2.57 million tons in 2023. The market is projected to grow at a CAGR of 2.80% between 2024 and 2032, reaching a volume of around 3.31 million tons by 2032.

Argentina Fertiliser Market Outlook

• As of 2023, Argentina was the third largest urea importer in Latin America, with an estimated import of 825,000 tons last year.

• As per the industry report in 2021-22, corn and wheat were the major consumers of fertilisers in Argentina.

• Argentina is the third largest producer of soybeans in the world, which fuels the demand for fertilisers in its production.

Argentina Fertiliser Market Growth

The increase in crop production, the emphasis on balanced fertilisation practices and the use of organic fertilisers are prominent market drivers. Through the use of balanced fertilisation techniques, farmers may maximize crop output and quality by giving their plants the precise ratio of vital nutrients that they require to develop and thrive.

Moreover, high-end agricultural technologies such as drones used for monitoring crops and analysing soil, are becoming increasingly common in Argentina. Drones equipped with cameras and sensors can provide real-time data on crop health, pest infestations, and soil moisture levels, allowing farmers to make informed decisions and take timely action to protect their crops.

Indian Farmers Fertiliser Cooperative (IFFCO) announced in August 2021 that it plans to establish a nano urea plant in Argentina, a move that will not only enhance the relations between cooperative movements in both countries but also bring financial and social benefits to the agricultural sector in Argentina.

Argentina Fertiliser Industry Segmentation

“Argentina Fertiliser Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Product Type

• Chemical Fertiliser 

• BioFertilisers 

Market Breakup by Product

• Straight Fertilisers 

• Complex Fertilisers

Market Breakup by Product Form

• Dry 

• Liquid 

Market Breakup by Crop Type

• Grains and Cereals 

• Pulses and Oilseeds 

• Fruits and Vegetables 

• Flowers and Ornamentals 

• Others

Argentina Fertiliser Market Share

Based on product, the market is divided into straight fertilisers and complex fertilisers. Straight fertilisers occupy a substantial market share as some of the primary crops of the country, including soybeans, corn, and wheat, depend heavily on straight fertilisers to enhance yields. Additionally, it also offers a cost-efficient solution for the supply of single nutrients to the crops.

Leading Companies in the Argentina Fertiliser Market

The market players are entering mergers and acquisitions to expand their capabilities in Argentinian market.

• Fertilizantes Bloemen 

• Bunge Argentina S.A.

• Others

Key Highlights of the Report