As per the latest report by IMARC Group, titled “Nitrogenous Fertilizers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global nitrogenous fertilizers market size reached US$ 65.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 85.6 Billion by 2027, exhibiting a growth rate (CAGR) of 4.6% during 2022-2027.
Nitrogenous Fertilizers Market Overview:
Nitrogenous fertilizers are inorganic compounds used to support the healthy development of foliage and fruit crops. The fertilizers are commonly available in liquid and dry variants that consist of ammonium sulfate, urea, calcium ammonium nitrate (CAN) and ammonium nitrate. Nitrogenous fertilizers are used for crops, such as oilseeds, cereals, pulses, grains, fruits and vegetables. Moderate utilization of these fertilizers aids in reducing nitrous oxide emissions, improving yield, quality of fruit, soil properties and enhancing the production of healthy flower buds.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Nitrogenous Fertilizers Market Trends:
The global nitrogenous fertilizers market is primarily being driven by the increasing adoption of sustainable agricultural practices. Nitrogenous fertilizers are widely being used by farmers due to the rising awareness regarding nutritional balance in the crops and soil profile. Moreover, various technological advancements, such as the development of green manure fertilization techniques that offer enhanced soil fertility, are providing a thrust to the market growth.
Other factors, including the implementation of various government initiatives to promote the utilization of advanced fertilizers for higher yield, along with extensive research and development (R&D) activities, are creating a positive outlook for the market.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Yara International ASA
- Bunge Limited
- CF Industries Holdings, Inc.
- TogliattiAzot
- Nutrien Ltd.
- EuroChem Group
- OCI Nitrogen
- URALCHEM JSC
- ICL Specialty Fertilizers
- SABIC
- Indian Farmers Fertiliser Cooperative Ltd.
- Coromandel International Limited.
- Koch Industries, Inc.
- Hellagrolip SA
- Sinofert Holdings Limited
- CVR Partners LP
Key Market Segmentation Breakup by:
Crop Type:
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- Others
Form:
- Liquid
- Dry
- Others
Type:
- Urea
- Ammonium Nitrate
- Ammonium Sulfate
- Calcium Ammonium Nitrate (CAN)
- Others
Mode of Application:
- Soil
- Foliar
- Fertigation
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
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Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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