The global nitrogenous fertilizers market is expected to reach the market value of around US$ 128 Bn by 2027 and is anticipated to grow at a CAGR of around 3% in terms of revenue during the forecast period 2020 – 2027.

Nitrogen fertilizer is an animal feed supplement and crop fertilizer that is commonly used in the farming industry as white crystalline solid, producing 46 percent nitrogen and supplying plants with key nutrients. The increasing understanding of soil and nutritional quality among farmers is a major factor that is expected to accelerate demand growth for nitrogen fertilizers.

The report provides analysis of global Nitrogenous Fertilizers market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2019 is considered as the base year.

Market Dynamics

Nitrogen fertilizer demand depends mainly on food demand in any area. Likewise, population is also among the leading factors for the development of the nitrogen fertilizer industry, along with the increased available revenue. Significant drivers for these fertilizers are their improved production and resulting yield of nitrogen fertilizers and their competitive advantages over other fertilizers. Extensive R&D by all major companies to develop more efficient and environmentally friendly nitrogen fertilizers have also driven the growth of this market. The market for nitrogen fertilizers has been limited by high costs for raw material and many environmental and safety risks associated with nitrogen-based fertilizers.

Regional Stance

Asia Pacific led the global Nitrogenous Fertilizers market in 2019. India and China's emerging economies are among the leading nitrogen fertilizers consumers in the world. In these economies, huge production of rice was the key driver for the demand of nitrogen fertilizers. In terms of sales, the US leads the North American industry. The rising demand for ammonium nitrate is increasing demand in Europe for nitrogenous fertilizers. In North America and Europe, demand for nitrogen fertilizers is projected to rise at a slow pace mainly because of market saturation. The rising demand for Latin American nitrogen fertilizers is projected to provide the industry with significant growth opportunities. The field would likely be powered by high production of sugarcane and maize in Latin America.

Report coverage

The market research study on “Nitrogenous Fertilizers Market (Nitrogenous Fertilizers Market By Type: Ammonium Nitrate, Ammonia, Urea, Ammonium Sulfate, Calcium Ammonium Nitrate, Others; Nitrogenous Fertilizers Market By Application: Oilseeds & Pulses, Fruits & Vegetables, Cereals & Grains, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers a detailed insights on the global Nitrogenous Fertilizers market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report covers global Nitrogenous Fertilizers market size, and segment markets by type, application, and geography along with the information on companies operating in the market. The Nitrogenous Fertilizers market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.  

The global Nitrogenous Fertilizers market is segmented as below:

Market Segmentation

Nitrogenous Fertilizers Market By Type

• Ammonium Nitrate
• Ammonia
• Urea
• Ammonium Sulfate
• Calcium Ammonium Nitrate
• Others

Nitrogenous Fertilizers Market By Application

• Oilseeds & Pulses
• Fruits & Vegetables
• Cereals & Grains
• Others

Nitrogenous Fertilizers Market By Geography

North America

• U.S.
• Canada

Europe

• UK
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Mexico
• Brazil
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of MEA

Key Players and Market Situation                                                                                                    

Participants include major global players such Yara International ASA, CF Industries Holdings Inc., EuroChem Group AG, and Agrium Inc., Potash Corp. of Saskatchewan Inc., and Others.

The sourcing of raw materials for the nitrogen fertilizers industry was one of the main factors of growth. There are high product prices characterizing the market, thus raising the danger to new applicants. Economies like China, India, the US and Russia lead both in production and in consumption the global nitrogen fertilizer industry. The industry is fragmented and regulated by few big players in such regional areas due to the problems associated with the sourcing of raw materials.

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