The Nigeria Fertilizers Market size is valued at around USD 1.2 billion in 2024 and is projected to reach around USD 1.4 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.89% during the forecast period, i.e., 2025-30.
Nigeria Fertilizers Market Driver:
Growing Agricultural Sector Drives the Fertilizer Demand – The Nigerian fertilizers industry is driven by the growing agricultural sector. The nation is among one of the largest food producers in Africa with 70.8 million hectares of agricultural area driving the demand for fertilizers. The consumption of fertilizers in 2023 was approx. 1.64 Million metric tons with 18.6kg per hectare. The rate of consumption of manure especially carbamide & Ammonium Sulphate has risen by 26% in the period 2022-23 despite the increased price. Also, the total production of urea in Nigeria rose by 6% from 2022 to 2023, indicating the potential growth and demand for fertilizers in Nigeria. Various urea manufacturing facilities in Nigeria such as Notore, Indorama, and Dangote are producing urea with a capacity of 6.5 million tons. Consequently, the rising agricultural demand creates a robust environment for the fertilizers industry. For instance,
- August 2023, Dangote Fertilizer announced to enrich its urea production capacity to 3 million metric tons every year. This action reflected the company’s response to the rising demand for composts driven by the agricultural sector’s need to enhance productivity for the rising population.
- April 2023, Notore Chemical declared to raise its capacity for producing fertilizer by 25% in response to the growing food need. The company emphasized the need for additional fertilizers to ensure food security.
Download a free sample copy of the Report: https://www.marknteladvisors.com/query/request-sample/nigeria-fertilizers-market.html
Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
*Reports Delivery Format – Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.
Browse Full Report including (TOC+ List of Table and Figures) : https://www.marknteladvisors.com/research-library/mea-green-steel-market.html
Nigeria Fertilizers Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2024
-Historical Period: 2020 to 2023
-Forecast Period: 2025 to 2030
- By Product
- Complex Fertilizers- Market Size & Forecast 2020-2030, Thousand Tons
- Straight Fertilizers- Market Size & Forecast 2020-2030, Thousand Tons
- Nitrogenous Fertilizers- Market Size & Forecast 2020-2030, Thousand Tons
- Urea- Market Size & Forecast 2020-2030, Thousand Tons
- Calcium Ammonium Nitrate- Market Size & Forecast 2020-2030, Thousand Tons
- Ammonium Nitrate- Market Size & Forecast 2020-2030, Thousand Tons
- Ammonium Sulfate- Market Size & Forecast 2020-2030, Thousand Tons
- Anhydrous Ammonia- Market Size & Forecast 2020-2030, Thousand Tons
- Others- Market Size & Forecast 2020-2030, Thousand Tons
- Phosphatic Fertilizers- Market Size & Forecast 2020-2030, Thousand Tons
- Mono-Ammonium Phosphate (MAP) – Market Size & Forecast 2020-2030, Thousand Tons
- Di-Ammonium Phosphate (DAP) – Market Size & Forecast 2020-2030, Thousand Tons
- Single Super Phosphate (SSP) – Market Size & Forecast 2020-2030, Thousand Tons
- Triple Super Phosphate (TSP) – Market Size & Forecast 2020-2030, Thousand Tons
- Others- Market Size & Forecast 2020-2030, Thousand Tons
- Potash Fertilizers- Market Size & Forecast 2020-2030, Thousand Tons
- Muriate of Potash (MoP) – Market Size & Forecast 2020-2030, Thousand Tons
- Sulfate of Potash (SoP) – Market Size & Forecast 2020-2030, Thousand Tons
- Secondary Macronutrient Fertilizers- Market Size & Forecast 2020-2030, Thousand Tons
- Calcium Fertilizers- Market Size & Forecast 2020-2030, Thousand Tons
- Magnesium Fertilizers- Market Size & Forecast 2020-2030, Thousand Tons
- Sulfur Fertilizers- Market Size & Forecast 2020-2030, Thousand Tons
- Micronutrient Fertilizers- Market Size & Forecast 2020-2030, Thousand Tons
- Zinc- Market Size & Forecast 2020-2030, Thousand Tons
- Manganese- Market Size & Forecast 2020-2030, Thousand Tons
- Copper- Market Size & Forecast 2020-2030, Thousand Tons
- Iron- Market Size & Forecast 2020-2030, Thousand Tons
- Boron- Market Size & Forecast 2020-2030, Thousand Tons
- Molybdenum- Market Size & Forecast 2020-2030, Thousand Tons
- Others- Market Size & Forecast 2020-2030, Thousand Tons
- Nitrogenous Fertilizers- Market Size & Forecast 2020-2030, Thousand Tons
- By Type
- Chemical Fertilizers- Market Size & Forecast 2020-2030, Thousand Tons
- Bio-Fertilizers- Market Size & Forecast 2020-2030, Thousand Tons
- By Form
- Dry- Market Size & Forecast 2020-2030, Thousand Tons
- Liquid- Market Size & Forecast 2020-2030, Thousand Tons
- By Crop Type
- Grains and Cereals- Market Size & Forecast 2020-2030, Thousand Tons
- Pulses and Oilseeds- Market Size & Forecast 2020-2030, Thousand Tons
- Fruits and Vegetables- Market Size & Forecast 2020-2030, Thousand Tons
- Flowers and Ornamentals- Market Size & Forecast 2020-2030, Thousand Tons
- Others- Market Size & Forecast 2020-2030, Thousand Tons
- By Application
- Fertigation- Market Size & Forecast 2020-2030, Thousand Tons
- Foliar- Market Size & Forecast 2020-2030, Thousand Tons
- Banding- Market Size & Forecast 2020-2030, Thousand Tons
- Drip Irrigation- Market Size & Forecast 2020-2030, Thousand Tons
- By Region
- North
- South
- East
- West
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Dangote Fertilizer Plant, Indorama Eleme Fertilizer & Chemicals Ltd., Notore Chemical Industries Plc, Golden Fertilizer Company Ltd., EarthCare Nigeria Limited, OCP Africa, Kano Agriculture Supply Company Ltd., Superphosphate Fertilizer & Chemicals Ltd., Springfield Agro Ltd., Hamdala Fertilizer and Chemicals Co. Ltd., and Others
Have questions? Our consultant is ready to assist: https://www.marknteladvisors.com/query/talk-to-our-consultant/nigeria-fertilizers-market.html
Data-Driven Insights Backed by Proven Research
We follow a tried-and-tested research methodology that blends top-down and bottom-up approaches to deliver highly accurate market insights. Every report is powered by data triangulation, ensuring well-rounded and validated findings.
From smart sample selection and reliable data collection to in-depth analysis and precise forecasting, our process is designed to minimize error and maximize impact.
About Us –
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
Contact Us
MarkNtel Advisors
Email: sales@marknteladvisors.com
Website: www.marknteladvisors.com
Latest Press Release – https://www.marknteladvisors.com/press-release
