The global nitrogenous fertilizers market size reached US$ 68.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 89.1 Billion by 2028, exhibiting a growth rate (CAGR) of 4.4% during 2023-2028.
Nitrogenous fertilizers are inorganic nitrous compounds which are primarily utilized to improve the growth rate, texture, color and quality of crops. Nitrogen acts as a primary building block for protoplasm and is involved in the process of photosynthesis. These fertilizers majorly contain varying quantities of ammonium nitrate, ammonium sulfate, calcium ammonium nitrate, urea and other substances, which are mixed with animal manure. When used in specific amounts, they aid in enhanced flower differentiation, rapid shoot growth, production of healthy flower buds and improved quality of fruit.
Nitrogenous Fertilizers Market Trends and Driver:
The rising population and decreasing arable land across the globe are among the key factors driving the growth of the market. Furthermore, the implementation of favorable government policies promoting the usage of advanced fertilizers for higher yield is another major growth-inducing factor. There has been a significant increase in the crop demand also to cater to the rapidly increasing global population, which has consequently led to the growing adoption of these fertilizers for improved soil fertility and enhanced yield of crops, such as corn, rice and sugarcane. In addition to this, the shortage of arable land, owing to growing urbanization and industrialization, is augmenting the utilization of these fertilizers for maximizing productivity. Other factors, including increasing demand for grain-based biofuels coupled with extensive research and development (R&D) activities to develop more efficient and eco-friendly variants, are projected to create a positive outlook for the market.
IMARC Group’s latest report provides a deep insight into the global nitrogenous fertilizers market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the nitrogenous fertilizers market in any manner.
Key Market Segments:
IMARC Group provides an analysis of the key trends in each sub-segment of the global nitrogenous fertilizers market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on type, crop type, form and mode of application.
Breakup by Type:
- Ammonium Nitrate
- Ammonium Sulfate
- Calcium Ammonium Nitrate (CAN)
Breakup by Crop Type:
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
Breakup by Form:
Breakup by Mode of Application:
Breakup by Region:
- Asia Pacific
- North America
- Middle East and Africa
- Latin America
The report has also analysed the competitive landscape of the market with some of the key players being Yara International ASA, Bunge Limited, CF Industries Holdings, Inc., PJSC TogliattiAzot, Nutrien Limited, EuroChem Group, OCI N.V., URALCHEM JSC, ICL Specialty Fertilizers, SABIC, Indian Farmers Fertiliser Cooperative Limited, Coromandel International Limited, Koch Industries, Hellagrolip SA, Sinofert Holdings Limited, and CVR Partners, LP.
|Base Year of the Analysis
||Type, Crop Type, Form, Mode of Application, Region
||Asia Pacific, North America, Europe, Middle East and Africa, Latin America
||Yara International ASA, Bunge Limited, CF Industries Holdings, Inc., PJSC TogliattiAzot, Nutrien Limited, EuroChem Group, OCI N.V., URALCHEM JSC, ICL Specialty Fertilizers, SABIC, Indian Farmers Fertiliser Cooperative Limited, Coromandel International Limited, Koch Industries, Hellagrolip SA, Sinofert Holdings Limited, and CVR Partners, LP
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Key Questions Answered in This Report:
- How has the global nitrogenous fertilizers market performed so far and how will it perform in the coming years?
- What are the key regional markets in the global nitrogenous fertilizers industry?
- What has been the COVID-19 on the global nitrogenous fertilizers industry?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the crop type?
- What is the breakup of the market based on the form?
- What is the breakup of the market based on the mode of application?
- What are the various stages in the value chain of the global nitrogenous fertilizers industry?
- What are the key driving factors and challenges in the global nitrogenous fertilizers industry?
- What is the structure of the global nitrogenous fertilizers industry and who are the key players?
- What is the degree of competition in the global nitrogenous fertilizers industry?
- What are the profit margins in the nitrogenous fertilizers industry?