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Nitrogenous Fertilizers Market By Ingredient (Urea, Ammonium Nitrate, Ammonium Chloride, Sodium Nitrate, Ammonium Sulphate, Calcium Nitrate, Calcium Ammonium Nitrate (CAN), Other Nitrogenous Fertilizers), By Application (Crop Based-Oil Seeds, Fruits & Vegetables, Grains & Cereals, Non-Crop Based-Turf & Ornamental Grass And Others) And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecast 2022 to 2027

Published: January, 2022
ID: 854
Pages: 175
Formats: report pdf report excel report power bi report ppt

Nitrogenous Fertilizers Market Size & Growth (2022 - 2027):

The nitrogenous fertilizers market was worth 115.19 billion in 2021 and is estimated to be growing at a CAGR of 3.40%, to reach 136.15 billion by 2026.

Nitrogen is the most essential nutrient needed for plants for their growth and development. Though available in abundance in the environment, it is not promptly taken by all plants. Nitrogenous fertilizers are inorganic in nature and are typically utilized in the agriculture industry. It consists of nitrous complexes such as ammonium sulfate, Calcium Nitrate, calcium ammonium nitrate and other compounds in minute amounts. The fertility of the soil and the type of crop used are the factors that decide the number of nitrogenous fertilizers required.

Market Drivers:

The growth of the Global Nitrogenous Fertilizers market is majorly driven by factors such as globally increasing population, rising disposable income, and high efficiency of nitrogenous fertilizers. However, different regulatory structures, volatile economies, and various environmental and health hazards linked with nitrogen-based fertilizers are the major restraining factors for the market. Also, an increase in the cost of raw materials is a major challenge for companies in the market.

NITROGENOUS FERTILIZERS MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2026

Base Year

2020

Forecast Period

2022 - 2027

CAGR

3.40%

Segments Covered

By Ingredients, By Application,

Non-Crop

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Yara International ASA,Agrium Inc,  Coromandel International Ltd, Potash Corp, KOCH Industries Inc, CF Industries Holdings Inc, CVR Partners, Lp Bunge Ltd, Sinofert Holdings Ltd, Eurochem

Market Segmentation:

Nitrogenous Fertilizers Market  By Ingredients:

  • Urea

  • Ammonium Nitrate
  • Ammonium Chloride
  • Sodium Nitrate
  • Ammonium Sulphate
  • Calcium Nitrate
  • Calcium Ammonium Nitrate (CAN)
  • Other Nitrogenous Fertilizers

Nitrogenous Fertilizers Market By Application:

  • Crop Based
  • Oilseeds
  • Fruits & Vegetables
  • Grains & Cereals

Nitrogenous Fertilizers Market Non-Crop:

  • Turf & Ornamental Grass
  • and others

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 global market for nitrogenous fertilizer and this trend is anticipated to remain during the forecast period.

The Market is Geographically divided into:

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

The Asia Pacific has been leading the global nitrogenous fertilizer market and this trend is projected to stay in the near future. North America is the second major consumer of nitrogenous fertilizers, followed by Europe. Demand for nitrogenous fertilizer in North America and Europe is expected to grow at a slow rate largely due to market saturation. The growing demand for nitrogenous fertilizer in South America is anticipated to offer huge growth prospects for the market.

Key Players:

  • Yara International ASA
  • Agrium Inc
  • Coromandel International Ltd
  • Potash Corp
  • KOCH Industries Inc
  • CF Industries Holdings Inc
  • CVR Partners, Lp
  • Bunge Ltd
  • Sinofert Holdings Ltd
  • Eurochem

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