Nigeria Fertilizers Market Trends: Growth, Share, Value, Size, and Analysis By 2030
As per MarkNtel Advisors 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 Systems
Market Outlook:
The Russian Seed
Market is rapidly evolving, driven by agricultural modernization, government
reforms, and technological advancements. A key growth engine is the federal
“Land” initiative, which aims to bring 13 million hectares of unused land into
cultivation by 2030. This large-scale modernization effort is promoting the use
of high-yielding, high-quality seed varieties to boost productivity and meet
both domestic and export demands.
Explore the Insights – Download a Free
Sample: https://www.marknteladvisors.com/query/request-sample/nigeria-fertilizers-market.html
Nigeria Fertilizers Market Systems
Market Segmentation:
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
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.
Report Delivery Format – Market research reports from MarkNtel
Advisors are delivered in PDF,
Excel, and PowerPoint formats. Once the payment is successfully
processed, the report will be sent to your registered email within 24 hours.
Comprehensive
Analysis: Preview detailed market analysis, including segmentation, competitive
landscape, and Geographical insights – https://www.marknteladvisors.com/research-library/nigeria-fertilizers-market.html
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..
Report Highlights Essential Insights for
Strategic Decision-Making
• Detailed market size, share, and forecast analysis
• In-depth pricing trends
and segment-wise cost evaluations
• Key industry strategies, including innovation, partnerships,
and acquisitions
• Critical value chain analysis
and stakeholder profiling
• Regional import-export market insights
and trade flow assessment
• Thorough competitive benchmarking
of top hearing aid manufacturers
• Identification of new
growth opportunities and niche market segments
• Overview of market trends, drivers, and
challenges shaping future demand
Some of the leading players in the Nigeria Fertilizers Market are:
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
Research Methodology
Summary
A systematic approach is used to
ensure accurate market insights, combining both bottom-up and top-down methods. Data
triangulation validates findings from multiple angles.
Select a License That Matches
Your Business Requirements with Instant Offer –Related Reports: https://www.marknteladvisors.com/pricing/nigeria-fertilizers-market.html
Global Water Pumps Market
Research Report: Forecast (2025-2030) - https://www.marknteladvisors.com/research-library/global-water-pumps-market.html
https://www.marknteladvisors.com/research-library/latin-america-irrigation-water-pumps-market.html
https://www.marknteladvisors.com/research-library/egypt-domestic-water-pump-market.html
https://www.marknteladvisors.com/research-library/mena-centrifugal-water-pumps-market.html
https://www.marknteladvisors.com/research-library/india-water-purifier-market.html
About us
MarkNtel
Advisors is a leading research and consulting organization offering data-driven
insights across the environmental
sector, including environmental
services, waste management, and water treatment solutions. Our studies
evaluate technological advancements, regulatory frameworks, and infrastructure innovations
shaping the sustainability agenda. Through Competitive Intelligence, we support clients in benchmarking
performance, identifying eco-efficient opportunities, and achieving operational
excellence aligned with global environmental standards and climate objectives.
For media inquiries, or further
information, please reach out to:
MarkNtel Advisors
Email:
sales@marknteladvisors.com
Phone: +91 8719999009
Address: Sector 63, Noida, Uttar
Pradesh - 201301, India
Website: www.marknteladvisors.com
Comments
Post a Comment