As of January 2024, Wesfarmers was the largest fertilizer company worldwide based on market capitalization, at 42.49 billion U.S. dollars. Nutrien ranked second at the time, with a market capitalization of 24.22 billion dollars. Wesfarmers is an Australian conglomerate focusing on different business segments such as retail, chemicals, and fertilizers.
Wesfarmers and Nutrien as global leaders in the fertilizer sector
Wesfarmers is a leading player in the fertilizer sector in Australia and New Zealand. Wesfarmers was established in 1914 as a co-operative company to serve the Western Australian rural community. Today, Wesfarmers operates in various sectors, including retail, chemical, industrial and safety products.
Nutrien was formed in 2018 after PotashCorp and Agrium completed a merger of equals. Nutrien is one of the largest producers of potash worldwide with a plant capacity of over 20 million metric tons of potassium chloride. The Canadian company also ranks as the third-largest manufacturer of nitrogen fertilizer after companies CF Industries and Yara. In 2022, Nutrien generated a revenue of roughly 37.9 billion U.S. dollars, a figure that has presented a growing trend during the last few years.
CF industries: largest producer of nitrogen fertilizer
CF Industries Holdings, Inc. is a U.S. manufacturer and distributor of agricultural fertilizers based in Chicago. It is by far the company with the largest plant capacity of ammonia in the United States and worldwide. CF Industries’ revenue has fluctuated during the last decade, registering lower values in recent years. In 2022, however, sales picked up and reached the highest value recorded during the last decade at 11.2 billion U.S. dollars.
Leading fertilizer companies worldwide as of January 2024, based on market capitalization
(in billion U.S. dollars)
Characteristic
Market capitalization in billion U.S. dollars
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CompaniesMarketCap.com. (January 18, 2024). Leading fertilizer companies worldwide as of January 2024, based on market capitalization (in billion U.S. dollars) [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/1290764/leading-fertilizer-companies-worldwide-market-capitalization/
CompaniesMarketCap.com. "Leading fertilizer companies worldwide as of January 2024, based on market capitalization (in billion U.S. dollars)." Chart. January 18, 2024. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/1290764/leading-fertilizer-companies-worldwide-market-capitalization/
CompaniesMarketCap.com. (2024). Leading fertilizer companies worldwide as of January 2024, based on market capitalization (in billion U.S. dollars). Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/1290764/leading-fertilizer-companies-worldwide-market-capitalization/
CompaniesMarketCap.com. "Leading Fertilizer Companies Worldwide as of January 2024, Based on Market Capitalization (in Billion U.S. Dollars)." Statista, Statista Inc., 18 Jan 2024, https://www.statista.com/statistics/1290764/leading-fertilizer-companies-worldwide-market-capitalization/
CompaniesMarketCap.com, Leading fertilizer companies worldwide as of January 2024, based on market capitalization (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1290764/leading-fertilizer-companies-worldwide-market-capitalization/ (last visited September 01, 2024)
Leading fertilizer companies worldwide as of January 2024, based on market capitalization (in billion U.S. dollars) [Graph], CompaniesMarketCap.com, January 18, 2024. [Online]. Available: https://www.statista.com/statistics/1290764/leading-fertilizer-companies-worldwide-market-capitalization/