Mexico Fertiliser Market Report and Forecast 2024-2032

Mexico Fertiliser Market Size

The Mexico fertiliser market reached approximately 3.04 million tons in 2023. The market is projected to grow at a CAGR of 3.00% between 2024 and 2032, reaching a volume of around 4 million tons by 2032.

Mexico Fertiliser Market Outlook

• As per the industry report 2022, Mexico imports around 65 per cent of its fertilisers.

• The Ministry of Agriculture and Rural Development announced in 2023 that the government intends to expand the reach of the ‘Fertilizers for Welfare program’ to all 32 states within the country.

• Manttra Americas has established a fresh manufacturing plant in Coahuila, Mexico through a collaborative partnership with Grupo Industrial Monclova in March 2023. This facility possesses a production capacity of 100,000 tonnes per year for speciality fertilisers.

Mexico Fertiliser Market Growth

The expansion of the agricultural sector, rising soil health awareness among farmers, and the development of innovative fertiliser formulations are the most influential market drivers. Innovative formulations such as slow-release fertilisers are designed to match the specific nutrient requirements of different crops at various stages of their growth cycle. By releasing nutrients slowly, these fertilisers can minimise wastage and prevent nutrient runoff, which can contaminate water bodies and harm aquatic ecosystems.

Additionally, precision agriculture techniques, such as the usage of drones, global positioning systems, and soil sensors, are readily adopted in Mexico to optimise the distribution of fertilisers and minimise their excess usage.

The Mexican government announced the acquisition and restoration of five fertiliser plants, facilitated by the federal oil and gas company Pemex in 2024. This is a crucial part of their strategy to attain food self-sufficiency by September, which marks the end of the current government’s regime.

Mexico Fertiliser Industry Segmentation

“Mexico 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  

Market Breakup by Region

• Central Mexico 

• Northern Mexico 

• Pacific Coast 

• The Bajío 

• Yucatan Peninsula 

• Baja California

Mexico Fertiliser Market Share

Based on crop type, the market is divided into grains and cereals, pulses and oilseeds, fruits and vegetables, and flowers and ornamentals. Grains and cereals occupy the largest share of the market as Mexico has vast cultivation areas dedicated to grains and cereals, including corn and wheat. Moreover, corn is a staple crop and carries immense cultural and economic significance in the country.

Leading Companies in the Mexico Fertiliser Market

The market players are establishing sustainable practices in fertiliser production plants to reduce their carbon footprint.

• FERTIZONA

• Others

Key Highlights of the Report