MarketResearch.biz delivers in-depth insights on the global nitrogenous fertilizers market in its upcoming report titled, “Global Nitrogenous Fertilizers Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global nitrogenous fertilizers market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global nitrogenous fertilizers market report has been segmented on the product type, mode of application, crop type, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analysed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Nitrogen fertilizer is a white crystalline solid containing 46% nitrogen, widely used in the agricultural industry as an animal feed additive and fertilizer to crops that helps to increase the productivity. These fertilizers supply primary nutrients to plants. Raising awareness among farmers about soil profile as well as nutritional balance is major factor expected to drive growth of nitrogenous fertilizers market.
Rising awareness among farmers regarding soil nutrition is other factor expected drive growth of the global nitrogenous fertilizers market. Growing demand for food products owing to the rapidly growing population and declining number of arable land is major factor expected to drive the growth of the market over the forecast period.
However, environmental and health hazards associated with nitrogen fertilizers is expected to limit the growth of global market over the forecast period. Moreover, fluctuating prices of raw material is other factor expected to hamper growth of the global nitrogenous fertilizers market over the forecast period.
Manufacturing companies operating in the target market can focus in development on new and novel nitrogenous fertilizers which can create lucrative opportunities for existing as well as new players operating in the global nitrogenous fertilizers market over the forecast period. In addition, international players can expand their presence and market share in Latin America and Africa.
Market in Latin America is expected to register fastest growth rate over the forecast period as compared to that of other region such as Europe, Asia Pacific, North America, and Middle East & Africa. Use of modern farming technique is Latin America is major factor expected to drive growth of the market in the region over the forecast period. Growing demand for nitrogenous fertilizers in countries such as Brazil and Argentina is expected to support growth of the market in the region over the forecast period. Market in Asia Pacific is expected to register second highest growth rate, owing to demand for food, rapidly growing population as well as increasing dependence on use of fertilizers, especially in India and China.
Global nitrogenous fertilizers market segmentation, by product type:
- Ammonium nitrate
- Ammonium sulfate
- Calcium ammonium nitrate (CAN)
Global nitrogenous fertilizers market segmentation, by mode of application:
Global nitrogenous fertilizers market segmentation, by :
- Cereals & grains
- Oilseeds & pulses
- Fruits & vegetables
- Other crops
Global nitrogenous fertilizers market segmentation, by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Bunge Limited
- Agrium Inc.
- Yara International ASA
- Potash Corp. of Saskatchewan, Inc.
- Eurochem Group AG
- CF Industries Holdings Inc.
- Sinofert Holdings Limited.
- CVR Partners, LP
- Koch Industries, Inc.
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