Leading fertilizer companies globally 2024, by market capitalization
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.
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.
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.
