18-May-2022 | Facts and Factors
According to Facts and Factors, the global nitrogenous fertilizer market was valued at USD 58.03 billion in 2021 and is predicted to increase at a CAGR of 4.05% to USD 74.90 billion by 2028. The study examines the market in terms of revenue in each of the top regions, which are classified into countries.
Farmers' growing understanding of soil profile and nutritional balance, as well as the growing popularity of commercial agriculture around the world, low-cost fertilizer production, and increased demand for agrochemicals, are all predicted to boost the nitrogenous fertilizer market. Furthermore, the market's growth pace will be cushioned by an increase in the requirement to boost productivity and equalize yield and fertilizer intensity discrepancies between countries. Furthermore, rising nitrogenous fertilizer usage in agricultural land will provide lucrative and attractive growth possibilities for the nitrogenous fertilizer industry. The nitrogenous fertilizer market's development rate will be slowed by variable raw material prices and the health risks associated with nitrogen fertilizers. Furthermore, rising organic food consumption would provide a significant obstacle to the market's expansion.
Browse the full “Nitrogenous Fertilizer Market By Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Others), By Application (Soil, Foliar, Fertigation, Others), By Form (Liquid, Dry, Others), and By Region - Global Industry Insights, Growth, Size, Share, Comparative Analysis, Trends and Forecast Report 2022 – 2028" report at https://www.fnfresearch.com/nitrogenous-fertilizer-market
The global market for nitrogenous fertilizer is predicted to be driven by the rising population and demand for healthy, safe, and inexpensive food for the growing population. The application of high-quality nitrogen fertilizers is expected to unlock the crop's great yielding potential. In this industry, shrinking cropland and rising area under precision farming, such as drip and sprinkler irrigation, is predicted to boost growth. Increased crop output and crop growth require the management and regeneration of soil nutrients such as nitrogen. The nitrogen in commercial fertilizers is especially soluble, allowing for simple plant uptake and assimilation. The use of nitrogenous fertilizers is increasing around the world due to the benefits connected with crop development; however, the negative impact of nitrogenous fertilizers on the ecosystem should not be overlooked. Companies in the worldwide nitrogen fertilizer market are concentrating their efforts on the development of new products that are more efficient and have less negative environmental consequences.
Segmental Overview
The cereals and grains segment accounted for the majority of revenue, regardless of crop type. This is because these crops necessitate meticulous attention in order to produce high yields and maximize profitability for farmers and the agriculture industry as a whole. Due to their lower necessary quantities, nitrogenous fertilizers such as anhydrous ammonia, ammonium nitrate, and urea are favored for cereals and grains, ensuring an adequate supply of nitrogen for optimal plant growth. The oilseeds and pulses application segment were the second-largest, with the highest revenue CAGR predicted during the forecast period.
The liquid segment dominates the market over the forecast period, according to the form. Dry nitrogenous fertilizers are more often used than liquid nitrogenous fertilizers because they are more easily available and less expensive. Aside from that, farmers are becoming more aware of the advantages of liquid nitrogenous fertilizers, such as their stability and higher crop absorption effectiveness. As a result, there has been a rise in demand for liquid nitrogenous fertilizers.
Regional Overview
Over the projection period, Asia Pacific will lead the market. The growing need for nitrogenous fertilizers in emerging countries is driving the industry. In growing countries like India and China, demand for nitrogenous fertilizers has been steadily increasing. Fertilizer consumption has increased as a result of factors such as increasing population and a shift in preference from grain-based to high protein-based diets. Furthermore, agriculture is the primary source of income for the majority of India's population. Wheat, sugarcane, rice, and fruits were among the country's top exports. Furthermore, the availability of government subsidies and incentives for fertilizer purchases has boosted consumption and demand in these countries.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 58.03 Billion |
Projected Market Size in 2028 |
USD 74.90 Billion |
CAGR Growth Rate |
4.05% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
Yara International ASA (Norway), CF Industries Holdings (US), Nutrien Agrium (Canada) Potash Corp. of Saskatchewan (Canada), EuroChem Group AG (Switzerland), and Others |
Key Segment |
By Crop Type, Application, Form, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Competitive Landscape
The report contains qualitative and quantitative research on the global Nitrogenous Fertilizer Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.
List of Key Players in the Global Nitrogenous Fertilizer Market:
- Yara International ASA (Norway)
- CF Industries Holdings (US)
- Nutrien Agrium (Canada)
- Potash Corp. of Saskatchewan (Canada)
- EuroChem Group AG (Switzerland)
The global nitrogenous fertilizer market is segmented as follows;
By Crop Type
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- Others (Floriculture Crops, Permanent Crops, Plantation Crops, Pastures, Grasslands, and Other Agricultural Cultivation)
By Application
- Soil
- Foliar
- Fertigation
- Others (Aerial Application, Basal Application, and Starter Solution)
By Form
- Liquid
- Dry
- Others (Granular and Pelleted)
By Region
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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