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.

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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.

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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.

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