Brazil Agribusiness Fertilizer Market

Brazil’s specialty fertilizer market is growing steadily, with rising demand for precision agriculture and sustainable nutrient solutions opening doors for U.S. exporters. 

Brazil’s specialty fertilizer market is expanding rapidly, fueled by precision agriculture technologies and sustainable crop management practices in key sectors such as soybeans, corn, coffee, and sugarcane. As the largest consumer of specialty fertilizers in South America, Brazil represents roughly 60% of the regional market. 

In 2024, the segment generated an estimated US$1 billion in revenue, with projections indicating annual growth of around 7 percent through 2033, when the market is expected to surpass US$1.7 billion. Demand is being driven by controlled-release fertilizers (CRFs), liquid formulations, micronutrients, and foliar products, alongside increased investment in AI, sensors, and digital platforms that optimize soil health and nutrient efficiency. 

A compelling new development enhancing market potential for U.S. suppliers is Brazil’s ongoing push to reduce its dependency on imported fertilizers. The nation currently imports about 87 percent of its fertilizer needs—primarily from Russia, China, and Canada—highlighting a strategic vulnerability in the supply chain. To address this, Brazil is investing in expanding domestic production in the state of Minas Gerais, where several large-scale projects are underway. These include EuroChem’s newly inaugurated US$1 billion phosphate complex (with annual capacity of ~1 million tonnes), alongside Verde Agritech and Atlas Agro’s initiatives in potash and nitrogen production.  

Although these developments support longer-term self-sufficiency goals—targeting 45 percent domestic supply by 2050—they are still in nascent stages and face infrastructure and cost challenges. This creates an attractive window for U.S. exporters of specialty fertilizers and precision-ag technologies to fill critical gaps in the near and medium term while Brazil builds out its own manufacturing base. 

For more information on opportunities for U.S. companies, please contact Vania Resende Vania.Resende@trade.gov, Agribusiness Commercial Specialist, U.S. Commercial Service, Belo Horizonte.