The Asia-Pacific Nitrogenous Fertilizers Market was worth USD 41.57 billion in 2021 and estimated to be growing at a CAGR of 3.64%, to reach USD 49.71 billion by 2026.
Nitrogen aids in rapid growth and imparts better texture and colour to plants and thus enhances agricultural output.In spite of abundance of nitrogen in the environment, only a few plants have the ability to absorb and use the same. Nitrogenous fertilizers are inorganic in nature and are normally employed in the agriculture industry. It comprises nitrous complexes such as ammonium sulphate, Calcium Nitrate, calcium ammonium nitrate and other compounds in tiny amounts.
Asia-Pacific Nitrogenous Fertilizers Market Drivers:
The growth of the Asia-Pacific Nitrogenous Fertilizers market is mainly driven by reasons such as increasing disposable income and high efficiency of nitrogenous fertilizers. The increasing population in this part of the world is also supporting the growth of the Asia-Pacific Nitrogenous Fertilizers market. However, volatile economies and the growing cost of raw materials are the major limiting factors for the Asia-Pacific market.
Asia-Pacific Nitrogenous Fertilizers Market - By Ingredients:
Urea
Asia-Pacific Nitrogenous Fertilizers Market - By Application:
Urea-based nitrogenous fertilizers are leading the ingredient segment in terms of consumption. However, Ammonium nitrate is projected to be the fastest-growing segment during the forecast period. By application, Grains such as rice and corn lead the market for nitrogenous fertilizer and this trend is anticipated to remain during the forecast period.
Regional Analysis:
The Asia-Pacific region is geographically segmented into China, India, Japan, South Korea, and Australia. This region offers substantial opportunities for the Nitrogenous Fertilizers market, with China and India being the most populous countries in this region contributing to the increasing demand. Rice production is anticipated to lead the demand for nitrogenous fertilizers in this region. The Asia-Pacific region is expected to offer profitable growth prospects, owing to the huge population numbers, high GDP growth rates, and the rise in disposable incomes in developing economies, primarily in China and India.
Key Players:
The market for Nitrogenous fertilizers is extremely consolidated and streamlined owing to the existence of only a handful of companies.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Ingredients
5.1.1 Urea
5.1.2 Ammonium Nitrate
5.1.3 Ammonium Chloride
5.1.4 Sodium Nitrate
5.1.5 Ammonium Sulphate
5.1.6 Calcium Nitrate
5.1.7 Calcium Ammonium Nitrate (CAN)
5.1.8 Other Nitrogenous Fertilizers
5.2 By Application
5.2.1 Crop Based
5.2.1.1 Oil seeds
5.2.1.2 Fruits & Vegetables
5.2.1.3 Grains & Cereals
5.2.2 Non Crop Based
5.2.2.1 Turf & Ornamental Grass
5.2.2.2 Others
6. Geographical Analysis
6.1 Introduction
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Yara International ASA
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 Agrium Inc.
8.3 Coromandel International Ltd.
8.4 KOCH Industries Inc.
8.5 CF Industries Holdings Inc.
8.6 Sinofert Holdings Ltd
8.7 Potash Corp.
8.8 CVR Partners Lp.
8.9 Bunge Ltd.
8.10 Eurochem
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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