Global Nitrogenous Fertilizer Market, By Product Type (Urea, Ammonium Nitrate, Ammonium Sulphate, Calcium Ammonium Nitrate (CAN), Others), Application (Soil, Foliar, Fertigation, Others), Form (Dry, Liquid, Others), Crop Type (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Others), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights : Global Nitrogenous Fertilizer Market
Data Bridge Market Research analyses that the nitrogenous fertilizer market will project a compound annual growth rate (CAGR) of 5.3% during the forecast period of 2022-2029.
Nitrogen fertilizer is one of the most prevalent types of fertilizer, manufactured from nitrogen (N) compounds and used as an addition in the farming sector to boost crop yield. They're commonly employed in soil, fertigation, foliar, and other applications.
The rising farmer knowledge of soil profile and nutritional balance, expanding popularity of commercial agriculture around the world coupled with low cost production of fertilizers and rising demand for agrochemicals are some of the reasons that are expected to boost the nitrogenous fertilizer market. Furthermore, upsurge in the need to increase productivity and to level yield and fertilizer intensity gaps across the nations will cushion the market’s growth rate.
Moreover, growing usage of nitrogenous fertilizer in agricultural land will further create lucrative and remunerative growth opportunities for the nitrogenous fertilizer market.
However, fluctuating prices of raw materials and health risks involved with nitrogen fertilizers will derail the nitrogenous fertilizer market growth rate. Also, growing consumption of organic food will pose a major challenge to the growth of the market.
This nitrogenous fertilizer market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on nitrogenous fertilizer market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Nitrogenous Fertilizer Market Scope and Market Size
The nitrogenous fertilizer market is segmented on the basis of product type, form, crop type and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the nitrogenous fertilizer market is segmented into urea, ammonium nitrate, ammonium sulphate, calcium ammonium nitrate (CAN) and others.
- On the basis of form, the nitrogenous fertilizer market is segmented into dry, liquid, and others.
- On the basis of crop type, the nitrogenous fertilizer market is segmented into cereals and grains, oilseeds and pulses, fruits and vegetables and others.
- On the basis of application, the nitrogenous fertilizer market is segmented into soil, foliar, fertigation and others.
Nitrogenous Fertilizer Market Country Level Analysis
The global nitrogenous fertilizer market is analyses and market size, volume information is provided by country, product type, form, crop type and application as referenced above.
The countries covered in the nitrogenous fertilizer market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Asia-Pacific dominates the nitrogenous fertilizer market and will continue to flourish its trend of dominance during the forecast period owing to the greater emphasis on fertilizer use, rising food demand and growing population in this region. South America is expected to score the highest CAGR because farmers in the region are becoming more aware of the benefits of various types of nitrogen fertilizers.
The country section of the nitrogenous fertilizer market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Nitrogenous Fertilizer Market Share Analysis
The nitrogenous fertilizer market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to nitrogenous fertilizer market.
Some of the major players operating in the nitrogenous fertilizer market are Nutrien Ltd., Bunge Limited, Yara, Nutrien Ltd, PJSC Togliattiazot, Coromandel International Limited, EuroChem Group, CF Industries Holdings, Inc., Sinofert, CVR Partners LP, Koch Industries and Potash Corp. of Saskatchewan Inc., among others.
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