14 World’s Biggest Fertilizer Companies- According to Annual Report in 2023, there are 14 World’s Biggest Fertilizer Companies. Basically, these fertilizer companies have huge production and broad markets in fertilizer markets worldwide. Maybe some of us know these products of these companies and still used their products if we deal with the plants and agriculture activity.
Practically, fertilizer is commonly known in agriculture, forestry, and gardening sectors that can be usually used to fertilize the soil and can boost the productivity of cultivated crops or trees. Some of the fertilizer products are chemical fertilizer products. Many farmers or gardeners in the world still fully depend on fertilizer to boost their harvesting output. Without the help of fertilizer, the production of crops or trees will go down. In the past, now, and future, the stakeholder of agriculture still needs chemical fertilizer. Specifically, Nitrogen, Phosphate, and Potassium with their derivatives still be used to help agricultural sector in supplying the increasing human consumption from time to time.
The Rank of 14 World’s Biggest Fertilizer Companies Based on Assets in 2023
The Rank of 14 World’s Biggest Fertilizer Companies Based on Net Income in 2023
Brief Description of 14 World’s Biggest Fertilizer Companies
1. Nutrien
Nutrien is the world’s largest provider of crop fertilizers and services that has operations and investments in 13 countries, supported by nearly 25,000 employees worldwide. Based on the marketing of products, Nutrien has key markets in North America, South America, Asia and Europe. Furthermore, based on its global position on fertilizer business, Nutrien is the world’s largest potash producer with over 20 million tonnes of potash capacity at six lower-cost potash mines in Saskatchewan. In addition, based on Nitrogen production, Nutrien is the third-largest nitrogen producer in the world with over 7 million tonnes of gross ammonia capacity and the ability to produce more than 11 million tonnes of total nitrogen products in the US, Canada and Trinidad.
Financially, in 2023, Based on annual report, Nutrien has assets around USD 52.7 billion with liabilities around 27.5 billion. Based on the business performance in 2023, Nutrien can generate revenue around USD 29 billion with net income around USD 1.2 billion.
2. The Mosaic Company
As one of the biggest fertilizer companies, The Mosaic Company serve customers in approximately 40 countries. Operationally, Mosaic Company has phosphate rock mining sites in Florida, Brazil and Peru. Furthermore, this company has processing facilities of phosphate rock into finished phosphate products in Florida, Louisiana and Brazil. In Postash indutry, Mosaic Company has mining site in Saskatchewan, New Mexico and Brazil.
Financially, in 2023, Mosaic company has assets around USD 23 billion with liabilities around USD 10.6 billion. Based on the business performance in 2023, Mosaic company generated revenue around USD 13.6 billion with net income around USD 1.1 billion.
3.Yara
Founded in 1905 to solve the emerging famine in Europe, Yara has established a unique position as global crop nutrition company. With main office in Oslo, Norway, Yara operate an integrated business model with around 17,500 employees and operations in 60 countries. In 2022, Yara has 26 production plants with 200 Terminals, warehouses, blending units and bagging facilities. Some of the Yara fertilizer brand products, namely YaraBela™, YaraMila™, YaraLiva™, and YaraVita™.
Financially in 2021, Yara International has assets around USD 17.2 billion with liabilities of around USD 10.1 billion. Based on the business performance in 2021, Yara International can generate revenue of around USD 15.5 billion and gain net income around USD 0.054 billion.
4. CF Industries
Founded in 1946 as Central Farmers Fertilizer Company, CF Industries has become World’s Largest and Most Integrated Ammonia and Nitrogen Production and Distribution Network. Operationally, CF Industries has owned nitrogen manufacturing facility in Louisiana, United States, a joint venture nitrogen manufacturing facility in Alberta, Canada with ownership of around 66 percent of the share. Furthermore, CF Industries also has a phosphate mining and manufacturing operation in Florida, United States as well as distribution facilities throughout North America. Nowadays, CF indutries have some products in Ammonia, Granular Urea, Urea Ammonium Nitrate, and Ammonium Nitrate.
Financially, CF Industries in 2023 has assets around USD 14.3 Billion with Liabilities around USD 6 billion. Based on the business performance in 2023, the CF Industries can generate revenue USD 6.6 billion and net income around USD 1.8 billion.
5. Israel Chemicals
Israel Chemicals Ltd., (ICL Grouo Ltd) is an agrochemical and fertilizer company that has main office in Tel-Aviv, Israel. Operationally, Israel Chemicals has produced 13% of the world’s potash, 9% of the western world’s magnesium, and 3% of the world’s phosphate rock. Based on products, Israel Chemicals has some fertilizer products including Controlled Release Fertilizers, FertilizerpluS, Fertigation Fertilizers, Foliar Fertilizers, and Granulated PK/NPK.
Financially, in 2023, based on Annual Report, Israel Chemical had assets of around USD 11.6 billion and Liabilities of around USD 5.5 billion. Based on the business performance in Income statements, Israel Chemicals has revenue of around USD 7.5 billion and gained a net income of around USD 0.68 billion.
6. OCI
Orascom Construction Industries (OCI N.V.) is one of the biggest fertilizer companies in Amsterdam, Netherlands. Historically, this company was founded by Onsi Sawiris in Egypt in 1950. On January 2013, OCI relocated its headquarters from Cairo to Amsterdam. As of 2022, OCI has become a producer and distributor of natural gas-based fertilizers and industrial chemicals with products of nitrogen fertilizers.
Financially, OCI in 2023 has total assets of around USD 8.9 billion with liabilities of around USD 7 billion. Based on the business performance in 2023, the OCI can gain revenue of around USD 1.9 billion but suffered a net loss of USD -0.086 billion.
7. K+S
Kali und Salz GmbH (K+S AG) is German chemical fertilizer that has main office in Kassel. Historically, this company was founded in 1889. Today, K+S is one of the biggest fertilizer companies with production sites in Europe and North America with 11,000 employees. Based on the fertilizer products, this company has some products Potassium chloride and Fertilizer specialties (these fertilizers are chloride-free, because of different nutrient formulas with magnesium, sulfur, sodium, and trace elements, or because they are water-soluble). In addition, some of the fertilizer brands from K+S, namely KALISOP, KORN-KALI, PATENTKALI, ESTA, KIESERIT, MAGNESIA-KAINIT, SOLUMOP, SOLUSOP, SOLUNOP®, SOLUMAP, SOLUMKP, EPSO TOP, EPSO MICROTOP, EPSO COMBITOP, EPSO PROFITOP, EPSO BORTOP.
Financially, based annual report of 2023, K+S has assets around EUR 9.8 billion or equivalent with USD 10.8 billion and liabilities around € 3.1 billion / USD 3.4 billion. Based on the business performance in 2021, K+S can gain the revenue €3.8 billion / USD 4.2 billion and net income around € 0.21 billion / USD 0.23 billion.
8. SQM
Sociedad Química y Minera de Chile (SQM) is a chemical fertilizer company that has a main office in Santiago, Chile. Historically, this company was founded in June 11th, 1968 as a joint venture between Compañía Salitrera Anglo Lautaro S.A. (“Anglo Lautaro”) and the Production Development Corporation (Corporación de Fomento de la Producción or “Corfo”). Operationally, SQM have produced nitrates and iodine, which are obtained from the caliche ore deposits in northern Chili, produced potassium nitrate at Coya Sur facility, produced potassium chloride, lithium carbonate, potassium sulfate and boric acid at Salar de Atacama.
Financially, in 2023, The SQM has assets around USD 11.1 billion with liabilities around USD 6.1 billion. Based on the business performance in 2021, the SQM has revenue around USD 7.4 billion and net income USD 2 billion.
9. Fertiglobe
Fertiglobe PLC is a United Arab Emirates-based nitrogen fertilizer producer and distributor which has employed approximately 2,680 people globally. Historically, Fertiglobe was formed in September 2019 as a strategic partnership between OCI N.V.(58%) and ADNOC (42%). Operationally, this company has main office in Abu Dhabi. As of now, Fertiglobe is a leading nitrogen fertilizer and ammonia producer and distributor, and the largest producer in the Middle East and North Africa (MENA) region.
Based on the annual report in 2023, Fertiglobe in 2023 has assets around USD 4.6 nillion with liabilities around USD 2.6 nillion. Based on the business performance in 2023, Fertiglobe has revenue around USD 2.4 billion and a net income of around USD 0.36 Billion.
10. Saudi Arabian Fertilizer Company
Saudi Arabian Fertilizer Company (Safco) is petrochemical company based on Jubail, Saudi Arabia. Operationally, as of now, SAFCO is one of the largest producers of urea with an annual production capacity more than 2.6 million tons while the ammonia annual production reached is 2.3 million tons.
Financially in 2023, Saudi Arabian Fertilizer Company has assets around Riyal 193 billion / USD 52 Billion with Liabilities around SR 99 billion / USD 26 billion. Based on the business performance in 2023, the company gained revenue around SR 141 billion / USD 38 billion but suffered net loss of around SR -0.38 billion / USD -0.1 billion.
11. Chambal Fertilisers
Chambal Fertilisers and Chemicals Ltd (CFCL) is Agrochemicals company that has main office in Rajasthan, India. Historically, this company was founded in 1985. Operationally, Chambal Fertilisers is the largest manufacturer of Urea with an installed capacity of 1.5 million tonnes annually with the location of plant is located at Gadepan, Kota district, Rajasthan.
Chambal Fertilizer has assets 11,507 Crore / USD 1.3 billion with liabilities around 4,250 Crore / USD 0.51 billion. Meanwhile, based on the business performance in 2021, Chambal Fertilizer gained revenue around 18,215 Crore / USD 2.1 billion with net income around 1,275 Crore / USD 0.153 billion.
12. Coromandel
Coromandel International Limited is Indian fertilizer company that was found around 1960s. Operationally, this company has main office in Hyderabad, Telangana, India and has employed around 13,650 of people. Based on the business, some of the chemical fertilizer products from Coromandel, namely GroShakti Plus, GroShakti, Grosmart, Paramfos, Gromor 28-28-0, Gromor 20-20-0-13 and many more.
Financially, in 2023, Coromandel has assets around Laks 15,85,150 or equivalent with USD 1.9 billion meanwhile the liabilities around Laks 6,40,467 / USD 0.76 billion. Based on the business performance in 2021, the Coromandel has revenue around Laks 22,28,975 / USD 2.6 billion with net income around Laks 1,68,922 / USD 0.20 billion.
13. GÜBRETAŞ
GÜBRETAŞ (Gübre Fabrikaları Türk A.Ş.) was established on November 6th, 1952. As of now, GÜBRETAŞ has solid production capacity around 985 thousand tonnes annually, Liquid-powder fertilizer production capacity around 100 thousand tonnes/year, and storage capacity around 450 thousand tonnes.
14. Sinofert
References of 13 World’s Biggest Fertilizer Companies in 2023
K+S. Annual Report 2023. Accessed via https://www.kpluss.com/en-us/investor-relations/publications/annual-report/ on April 9th, 2023.
Nutrien. Annual Report 2023. Accessed via https://www.nutrien.com/investors/financial-reporting on April 9th, 2024.
The Mosaic Company. Annual Report 2023. Accessed via https://investors.mosaicco.com/financials/annual-reports/default.aspx on April 9th, 2024.
Saudi Arabian Fertilizer Company. Annual Report 2023. Accessed via https://www.sabic-agrinutrients.com/en/investor-relations/financial-statements on April 9th, 2024.
CF Industries. Annual Report 2023. Accessed via https://www.cfindustries.com/reports on April 9th, 2024.
OCI. Annual Report 2023. Accessed via https://oci-global.com/media/2021/oci-annual-report-2021-vf.pdf on April 9th, 2024.
Fertiglobe. Annual Report 2023. Accessed via https://fertiglobe.com/wp-content/uploads/2022/03/Fertiglobe-AR-2021-vF.pdf on April 9th, 2024.
Israel Chemicals. Annual Report 2023. Accessed via https://investors.icl-group.com/reports-news-and-events/press-releases/press-releases-details/2023/ICL-Files-2022-Annual-Report-on-Form-20-F/default.aspx on April 9th, 2024.
SQM. Annual Report 2023. Accessed via https://ir.sqm.com/English/financials/annual-reports/default.aspx on April 9th, 2024.
Yara. Annual Report 2023. Accessed via https://www.yara.com/investor-relations/latest-annual-report/ on April 9th, 2023.
Chambal Fertilisers. Annual Report 2023. Accessed via https://www.chambalfertilisers.com/AnnualReports.html on April 9th, 2024.
Coromandel. Annual Report 2023. Accessed via https://www.coromandel.biz/investors/annual-report/ on April 9th, 2024.
GÜBRETAŞ. Annual Report 2023. Accessed via https://www.gubretas.com.tr/en/investor-relations/ on April 9th, 2024.