15 World’s Biggest Fertilizer Companies in 2024

 

15 World’s Biggest Fertilizer Companies- According to Annual Report in 2024, there are 15 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 use 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 this world still fully depend on fertilizer to boost their harvesting output. Without the help of fertilizers, the output production of crops or trees will go down. In the past, now, and future, the stakeholders of agriculture still needed chemical fertilizer. Specifically, Nitrogen, Phosphate, and Potassium fertilizer are still being used to help the agricultural sector in supplying the unprecedented increase of human consumption from time to time.

Here is the rank of 15 World’s Biggest Fertilizer Companies in 2024. The data obtained from the Annual Report of 2024. Specifically, we just ranked in the financial position, represented by total assets and total liabilities, and business conditions in 2024, represented by total revenue and net income/ loss.

 

The Rank of 15 World’s Biggest Fertilizer Companies Based on Total Assets in 2024

Rank	Name of Fertilizer Company	Total Assets	Total Assets	Total Liabilities	Total Liabilities
		Origin Currency	in US Dollar	Origin Currency	in US Dollar
1	Nutrien	USD 51.8 billion	USD 51.8 billion	USD 27.3 billion	USD 27.3 billion
2	Wesfarmers	USD 27.3 billion	USD 27.3 billion	USD 18.7 billion	USD 18.7 billion
3	The Mosaic Company	USD 22.9 billion	USD 22.9 billion	USD 11.3 billion	USD 11.3 billion
4	Yara	USD 14.9 billion	USD 14.9 billion	USD 7.98 billion	USD 7.98 billion
5	CF Industries	USD 13.4 billion	USD 13.4 billion	USD 5.8 billion	USD 5.8 billion
6	SQM	USD 11.4 billion	USD 11.4 billion	USD 6.29 billion	USD 6.29 billion
7	Israel Chemicals	USD 11.3 billion	USD 11.3 billion	USD 5.3 billion	USD 5.3 billion
8	K+S	EUR 9.35 billion	USD 10.3 billion	EUR 2.96 billion	USD 3.2 billion
9	Sabic Agri-Nutrients Company	SAR 25.5 billion	USD 6.88 billion	SAR 6.01 billion	USD 1.62 billion
10	Fertiglobe	USD 4.4 billion	USD 4.4 billion	USD 2.87 billion	USD 2.87 billion
11	OCI	USD 4.3 billion	USD 4.3 billion	USD 2 billion	USD 2 billion
12	Coromandel	Lakh 15,85,150	USD 1.9 billion	Lakh 6,40,467	USD 0.76 billion
13	Sinofert	RMB 12.3 billion	USD 1.7 billion	RMB 10.7 billion	USD 1.4 billion
14	Chambal Fertilisers	11,507 Crore	USD 1.3 billion	4,250 Crore	USD 0.51 billion
15	GÜBRETAŞ	TRY 43 billion	USD 1.07 billion	TRY 20.5 billion	USD 0.51 billion
Source: Annual Report, 2024
Origin Currency = Currency that officially used in Annual Report of 2024
US Dollar = Converted Currency from Origin Currency to US Dollar (USD) based on Currency Rates
Currency Rates:
1 Saudi Riyal (SAR) = 0.27 US Dollar (USD)
1 Turkish Lira (TRY) = 0.025 US Dollar (USD)
1 Lakh = 100,000 Rupee
1 Crore = 10,000,000 Rupee
1 Indian Rupee = 0.012 US Dollar (USD)
1 Euro (EUR) = 1.1 US Dollar (USD)
1 Renminbi (RMB) = 0.14 US Dollar (USD)

 

The Table above showed the total assets and total liabilities of the fertilizer companies in 2024. The variables of total assets and total liabilities can be found in the Balance sheet of Annual Report in 2024. Commonly, a balance sheet describes the total assets, total liabilities, and total equity from time to time.

 

The Rank of 15 World’s Biggest Fertilizer Companies Based on Net Income in 2024

 

Rank	Name of Fertilizer Company	Total Revenue	Total Revenue	Net Income/ Loss	Net Income/ Loss
		Origin Currency	in US Dollar	Origin Currency	in US Dollar
1	OCI	USD 0.97 billion	USD 0.97 billion	USD 5.19 billion	USD 5.19 billion
2	Wesfarmers	USD 44.1 billion	USD 44.1 billion	USD 2.5 billion	USD 2.5 billion
3	CF Industries	USD 5.9 billion	USD 5.9 billion	USD 1.21 billion	USD 1.21 billion
4	Sabic Agri-Nutrients Company	SAR 11 billion	USD 2.97 billion	SAR 3.3 billion	USD 0.89 billion
5	Nutrien	USD 25.9 billion	USD 25.9 billion	USD 0.7 billion	USD 0.7 billion
6	Israel Chemicals	USD 6.8 billion	USD 6.8 billion	USD 0.46 billion	USD 0.46 billion
7	Fertiglobe	USD 2 billion	USD 2 billion	USD 0.21 billion	USD 0.21 billion
8	Coromandel	Lakh 22,28,975	USD 2.6 billion	Lakh 1,68,922	USD 0.202 billion
9	Chambal Fertilisers	18215 Crore	USD 2.1 billion	1,275 Crore	USD 0.153 billion
10	The Mosaic Company	USD 11.1 billion	USD 11.1 billion	USD 0.17 billion	USD 0.17 billion
11	Sinofert	RMB 21.2 billion	USD 2.96 billion	RMB 1.07 billion	USD 0.15 billion
12	Yara	USD 13.8 billion	USD 13.8 billion	USD 0.015 billion	USD 0.015 billion
13	GÜBRETAŞ	TRY  48 billion	USD 1.75 billion	TRY 0.629 billion	USD 0.015 billion
14	K+S	EUR 3.65 billion	USD 4.05 billion	(EUR - 0.066 billion)	(USD - 0.073 billion)
15	SQM	USD 4.5 billion	USD 4.5 billion	(USD -0.4 billion)	(USD -0.4 billion)
Source: Annual Report, 2024
Origin Currency = Currency that officially used in Annual Report of 2024
US Dollar = Converted Currency from Origin Currency to US Dollar (USD) based on Currency Rates
Currency Rates:
1 Saudi Riyal (SAR) = 0.27 US Dollar (USD)
1 Turkish Lira (TRY) = 0.025 US Dollar (USD)
1 Lakh = 100,000 Rupee
1 Crore = 10,000,000 Rupee
1 Indian Rupee = 0.012 US Dollar (USD)
1 Euro (EUR) = 1.1 US Dollar (USD)
1 Renminbi (RMB) = 0.14 US Dollar (USD)

 

Furthermore, the rank above was arranged based on the net income of the fertilizer companies in 2024. These data were obtained from the Income Statement of the annual report in 2024. The income statement basically describes the business performance of the company at a specific time. The profit or loss of the company can be seen in this report.

 

Brief Description of 15 World’s Biggest Fertilizer Companies

 

1. Nutrien         

Formed as the merger between “PotashCorp” and “Agrium” merger, on January 1, 2018, Nutrien still became the world’s largest fertilizers companies based on total assets in 2024 which has operations and investments activities in 13 countries, supported by nearly 25,000 employees worldwide. In terms of the marketing product areas, Nutrien has key markets in North America, South America, Asia, and Europe.

 

Operationally, based on its global position on fertilizer business, Nutrien still became the world’s largest producer of potash operating six low-cost potash mines in Saskatchewan which has over 20 million tons of potash capacity production. In the year 2024, the potash sales volumes of Nutrients to all its customers reached 13.8 million tons. In addition, related to the nitrogen business, Nutrien still becomes the 3^rd world’s largest producer of nitrogen which has over 7 million tons of gross ammonia capacity. Based on volume, Nutrien successfully sold nitrogen derivative products (Ammonia, Urea, Solutions, nitrates, and sulfates) which reached 10.6 million tons. Commonly, the production facilities of Nitrogen of Nutrien are located in Canada, the US, and Trinidad. Meanwhile, in the Phosphate business, Nutrien has two large integrated phosphate production facilities and four regional product upgrade sites in the US with the sales volumes of Phosphate products reaching Fertilizer 2.4 million tons.

Financially, in 2024, according to the annual report, Nutrien has total assets around USD 51.8 billion with total liabilities around USD 27.3 billion. In terms of business performance in 2024, Nutrien can generate total revenue around USD 25.9 billion while gaining net income around USD 0.7 billion.

 

2. The Mosaic Company          

As one of the world’s biggest fertilizer companies, The Mosaic Company serves customers in approximately 40 countries and has employed 13,000 people worldwide. Specifically, The Mosaic Company produces and sells concentrated phosphate and potash crop nutrients. Geographically, 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 the Potash industry, Mosaic Company has mining sites in Saskatchewan, New Mexico, and Brazil. As of 2024, Some of the fertilizer product/ brands owned by Mosaic Company are Pegasus (62% K₂O content), Aspira (58% K₂O and 0.5 Boron (B)), KMag (Kmag Premium, KMag Standard, KMag Granular), MicroEssentials (MicroEssentials SZ, Microessentials S10, MicroEssentials S15).

Financially, according to its annual report in 2024, The Mosaic Company has total assets around USD 22.9 billion with total liabilities around USD 11.3 billion. Based on the business performance in 2024, Mosaic company successfully generated total revenue around USD 11.1 billion with net income around USD 0.17 billion.

 

3.Yara  

 Founded in 1905 to solve the emerging famine in Europe, Yara has established a unique position as a global crop nutrition company. With its central office in Oslo, Norway, Yara operates an integrated business model with around 17,000 employees and operations in more than 60 countries. In 2024, Yara has 26 production plants with 200 Terminals, warehouses, blending units and baggy facilities. Statistically, in 2024, the production of Ammonia from Yara International reached 7,181 thousand tons and finished fertilizer and industrial products, excluding bulk blends, reached 19,692 thousand tons. In the market, some of the Yara fertilizer brands/ products are YaraBela™, YaraMila™, YaraLiva™, and YaraVita™.

Financially, according to its annual report in 2024, Yara International has total assets around USD 14.9 billion with total liabilities of around USD 7.98 billion. Based on the business performance in 2024, Yara International can generate total revenue of around USD 13.8 billion and successfully gain net income around USD 0.015 billion.

 

4. CF Industries

Founded in 1946 as Central Farmers Fertilizer Company, CF Industries has become the world's largest and most integrated ammonia and nitrogen production and distribution network. Operationally, CF Industries has a 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. Specifically, an annual average capacity of nitrogen reached 10.4 million tons. 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 industries have some products in Ammonia, Granular Urea, Urea Ammonium Nitrate, and Ammonium Nitrate.

Financially, CF Industries in 2024 has total assets around USD 13.4 billion with total liabilities around USD 5.8 billion. Based on the business performance in 2024, CF Industries can generate revenue of USD 5.9 billion and net income around USD 1.2 billion.

 

5. WesFarmers

From its origins in 1914 as a ‘Western Australian farmers’ cooperative, Wesfarmers has grown into one of Australia’s largest companies with many diversified businesses. Specifically in the Chemicals, Energy and Fertilisers business, Wesfarmers manages nine businesses in Australia and employs almost 1,500 team members in dealing with production and distribution facilities and support offices. Through Wesfarmers Chemicals, Energy & Fertilisers (WesCEF), this company produces and markets chemicals, fertilisers, and gas products. Geographically, WesCEF has ammonia and ammonium nitrate production facilities in Western Australia.

Financially, according to its annual report in 2024, Wesfarmers has total assets of USD 27.3 billion with total liabilities of around USD 18.7 billion. In terms of business performance in 2024, Wesfarmers successfully gained total revenue of around USD 44.1 billion with net income of around USD 2.5 billion.

6. Israel Chemicals        

 Israel Chemicals Ltd., (ICL Group Ltd) is an agrochemical and fertilizer company that has a head office in Tel-Aviv, Israel. Operationally, Israel Chemicals has produced with contributing of 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. Commonly, as of 2025, some of fertilizer products/ brands launched by Israel Chemicals are Phosphates, Agrocote, Potash, Bioz, Nova, Multi-Spred, and others.

Financially, in 2024, based on the annual report, Israel Chemical had total assets of around USD 11.3 billion and total liabilities of around USD 5.3 billion. Based on the business performance in Income statements, Israel Chemicals successfully gained total revenue of around USD 6.8 billion and gained a net income of around USD 0.46 billion.

 

7. OCI  

 Orascom Construction Industries (OCI N.V.) is one of the world’s biggest fertilizer companies based in Amsterdam, Netherlands. Historically, this company was founded by Onsi Sawiris in Egypt in 1950. In 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. Commonly, as of 2025, Some of fertilizer products/ brands produced by OCI are Nutramon, Dynamax, UAN, and others.

 

Financially, OCI in 2024 has total assets of around USD 4.3 billion with total liabilities of around USD 2 billion. Based on the business performance in 2024, the OCI can gain revenue of around USD 0.97 billion and successfully gain a net income of USD 5.19 billion.

 

8. K+S  

 Kali und Salz GmbH (K+S AG) is German chemical fertilizer that has a central office in Kassel. Historically, this company was founded in 1889. Today, K+S is one of the biggest fertilizer companies with production sites located in Europe and North America which employ 11,000 people. Based on 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, as of 2025, some of the fertilizer product/ brands from K+S are 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 on the annual report for 2024, K+S has total assets around EUR 9.35 billion or equivalent to USD 10.3 billion and total liabilities of K+S were around EUR 2.96 billion or equivalent to USD 3.2 billion. Based on the business performance in 2024, K+S can gain the revenue EUR 3.65 billion or equivalent to USD 4.05 billion, but unfortunately K+S suffered net loss in 2024 around EUR -0.066 billion or equivalent to USD -0.073 billion.

 

9. SQM

Sociedad Química y Minera de Chile (SQM) is a chemical fertilizer company that has a head office in Santiago, Chile. Historically, this company was founded on 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 extracts nitrates and iodine from the caliche ore deposits in northern Chile. At the Coya Sur facility, potassium nitrate is produced. In Salar de Atacama, SQM produces potassium chloride, lithium carbonate, potassium sulfate, and boric acid. Commonly, as of 2025, Some of fertilizer products/ brands produced by SQM are Ultrasol, Qrop, Speedfol, allganic, and others.

Financially, according to the annual report in 2024, SQM has total assets around USD 11.4 billion with total liabilities around USD 6.29 billion. Based on the business performance in 2024, SQM has gained total revenue around USD 4.5 billion but unfortunately, SQM suffered net loss of around USD -0.4 billion.

 

10. Fertiglobe     

Fertiglobe PLC is a United Arab Emirates-based nitrogen fertilizer producer and distributor which has employed approximately 2,680 people globally. Fertiglobe was formed in September 2019 as a strategic partnership between OCI N.V. (58%) and ADNOC (42%). Operationally, this company has a primary 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.

Financially, based on the annual report in 2024, Fertiglobe has total assets around USD 4.4 billion with total liabilities around USD 2.87 billion. In terms of the business performance in 2024, Fertiglobe has gained total revenue around USD 2 billion and a net income of around USD 0.21 billion.

 

11. SABIC Agri-Nutrients Company

SABIC Agri-Nutrients Company is a world-class producer and marketer of crop nutrients and fertilizer based in Riyadh, Kingdom of Saudi Arabia. Operationally, as of now, SABIC Agri-Nutrients Company is one of the largest producers of urea with an annual production capacity of more than 2.6 million tons while the ammonia annual production reached is 2.3 million tons. As of 2025, Total employees of SABIC Agri-Nutrients Company reached 1,736 people.    In terms of business, SABIC Agri-Nutrients Company focused on manufacturing and marketing fertilizer and agrochemical products including urea, ammonia, phosphate and compound-differentiated products, nitrogen-based Agri-nutrients, and organic industrial chemicals such as 2EH and DOP.

According to its annual report, financially in 2024, SABIC Agri-Nutrients Company has total assets around SAR 25 billion or equivalent to USD 6.8 billion with total liabilities around SAR 6.1 billion or equivalent to USD 1.62 billion. Based on the business performance in 2024, the company gained total revenue around SAR 11 billion or equivalent to USD 2.97 billion and gained net income of around SAR 3.3 billion or equivalent to USD 0.89 billion.

 

12. Chambal Fertilisers 

Chambal Fertilisers and Chemicals Ltd (CFCL) is an Agrochemicals company that has its head 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 tons annually with the location of plant located at Gade pan, Kota district, Rajasthan.

 

Financially, according to the annual report of 2024, Chambal Fertiliser has total assets of 11,507 Crore or equivalent to USD 1.3 billion with total liabilities around 4,250 Crore or equivalent to USD 0.51 billion. Meanwhile, based on the business performance in 2024, Chambal Fertiliser gained total revenue around 18,215 Crore or equivalent to USD 2.1 billion with net income around 1,275 Crore or equivalent to USD 0.153 billion.

 

13. Coromandel           

Coromandel International Limited is an Indian fertilizer company that was founded around the 1960s. Operationally, this company has a central office in Hyderabad, Telangana, India and has employed around 13,650 people. Based on business, some of the chemical fertilizer products from Coromandel are GroShakti Plus, GroShakti, Grosmart, Paramfos, Gromor 28-28-0, Gromor 20-20-0-13 and many more.

Financially, in 2024, Coromandel has total assets around Lakh 15,85,150 or equivalent with USD 1.9 billion meanwhile the total liabilities around Lakh 6,40,467 or equivalent to USD 0.76 billion. Based on the business performance in 2024, the Coromandel has total revenue around Lakh 22,28,975 or equivalent to USD 2.6 billion with net income around Lakh 1,68,922 or equivalent to USD 0.20 billion.

 

14. GÜBRETAŞ  

GÜBRETAŞ (Gübre Fabrikaları Türk A.Ş.) was established on November 6th, 1952. As of now, GÜBRETAŞ has solid production capacity around 985 thousand tons annually, Liquid-powder fertilizer production capacity around 100 thousand tons/year, and storage capacity around 450 thousand tons.

Financially, based on the annual report in 2024, GÜBRETAŞ has total assets around TRY 43 billion or equivalent to USD 1.07 billion. Meanwhile, the liabilities of this company are around TRY 20.5 billion or equivalent to USD 0.51 billion. Based on the business performance in 2024, GÜBRETAŞ gained revenue around TRY 48 billion or equivalent to USD 1.75 billion and gained net income of around TRY 0.629 billion or equivalent USD 0.015 billion.

 

15. Sinofert 

 

Sinofert Holdings Limited or Sinofert also became one of the world’s largest fertilizer companies based in China. Historically, this company was founded in 1994 and as for business performance in 2024, Sinofert has successfully gained total revenue of RMB 21.2 billion equivalent to USD 2.96 billion. Furthermore, in 2024, Sinofert also received a net income of RMB 1.07 billion or equivalent to USD 0.15 billion. In terms of financial position, Sinofert Holding has total assets of around RMB 12.3 billion or equivalent to USD 1.7 billion. Meanwhile, the total liabilities of Sinofert Holding reached RMB 10.7 billion or equivalent to USD 1.4 billion.

 

The Rank of 15 World’s Biggest Fertilizer Companies Based On Total Assets in 2024

The Rank of 15 World’s Biggest Fertilizer Companies Based On Total Revenue in 2024

Bibliography of 15 World’s Biggest Fertilizer Companies in 2024

 

K+S. 2025. Annual Report 2024. Accessed via https://www.kpluss.com/en-us/investor-relations/publications/annual-report/  on April 9th, 2025.

Nutrien. 2025. Annual Report 2024. Accessed via https://www.nutrien.com/investors/financial-reporting  on April 9th, 2025.

The Mosaic Company. 2025. Annual Report 2024. Accessed via https://investors.mosaicco.com/financials/annual-reports/default.aspx   on April 9th, 2025.

Saudi Arabian Fertilizer Company. 2025. Annual Report 2024. Accessed via https://www.sabic-agrinutrients.com/en/investor-relations/financial-statements  on April 9th, 2025.

CF Industries. 2025. Annual Report 2024. Accessed via https://www.cfindustries.com/reports  on April 9th, 2025.

OCI. 2025. Annual Report 2024. Accessed via https://investors.oci-global.com/annual-reports on April 9th, 2025.

Fertiglobe. 2025. Annual Report 2024. Accessed via https://fertiglobe.com/wp-content/uploads/2022/03/Fertiglobe-AR-2021-vF.pdf   on April 9th, 2025.

Israel Chemicals. 2025. Annual Report 2024. Accessed https://fertiglobe.com/investor-relations/results-reports/ on April 9th, 2025.

SQM. 2025. Annual Report 2024. Accessed via https://ir.sqm.com/English/financials/annual-reports/default.aspx    on April 9th, 2025.

Yara. 2025. Annual Report 2024. Accessed via https://www.yara.com/investor-relations/latest-annual-report/  on April 9th, 2025.

Chambal Fertilizers. 2025. Annual Report 2024. Accessed via https://www.chambalfertilisers.com/AnnualReports.html  on April 9th, 2025.

Coromandel. 2025. Annual Report 2024. Accessed via https://www.coromandel.biz/investors/annual-report/ on April 9th, 2025.

GÜBRETAŞ. 2025. Annual Report 2024. Accessed via https://www.gubretas.com.tr/en/investor-relations/   on April 9th, 2025.