Nitrogenous Fertilizer Market Is Projected To Register A CAGR Of 5.7% In Terms Of Revenue From 2022 To 2030
Nitrogenous Fertilizer Industry Overview
The global nitrogenous fertilizer market size was valued at USD 57.2 billion in 2021 and is projected to register a compound annual growth rate (CAGR) of 5.7% in terms of revenue from 2022 to 2030. The growth is attributed to the increasing popularity of agriculture on a commercial level across the world. There has been a rising demand for nitrogenous fertilizers from the agriculture industry for providing appropriate nutrition to the various food crops, thereby improving their yield. Agricultural commodities including vegetables, fruits, cotton, and cereals are crucial areas of application for these fertilizers. The production capacity of the crops is broadly affected by variations in climatic conditions, thereby changing the supply and demand of crops according to different seasons. The fertilizers are crucial ingredients utilized in agricultural practice for enhancing crop growth. A large number of crops cultivated across the world use fertilizers.
Gather more insights about the market drivers, restrains and growth of the Global Nitrogenous Fertilizer market
Nitrogen is some of the crucial nutrients necessary for the growth of plants. It is naturally available in the atmosphere, although, very few plants are able to absorb it. Thus, it is synthetically supplied to the plants in the form of nitrogenous fertilizers. The product is offered in the global market in various forms including calcium ammonium nitrate, ammonium sulfate, ammonia, and others, with different proportions of the nutrient values. The aforementioned products help to regulate the growth of the plants for faster yield and also provide a better texture.
Hydrogen and nitrogen are the crucial raw materials utilized in the manufacturing process of the product. The primary nutrient used in the fertilizers is nitrogen, and plants require it in large quantities. It plays a significant role in the photosynthesis process, thereby allowing plants to produce their food by using sunlight. Also, it is necessary for nearly every aspect of plant physiology. Nitrogen deficiency in plants can lead to the development of yellow leaves and poor growth. However, a surplus quantity of nitrogen in the fertilizers can result in enormous vegetative growth in crops, at the expense of fruiting and flowering.
Emerging economies across the globe are now comprehending the significance of using the product in the production of agricultural products. The farmers from the developing countries, including India, China, Rwanda, and Uganda, are receiving knowledge regarding the appropriate usage of chemicals. Furthermore, local manufacturers are involved in giving sales services regarding the technologies as well as crop nutritional requirements. Companies are also involved in educating the users about the potential harm that can be caused by surfeit usage of fertilizers and also their appropriate storage & disposal methods.
Several institutions around the globe are getting involved in spreading awareness concerning the usage of products that are advantageous for improving agricultural yield. They include Global Alliance for Climate-Smart Agriculture (GACSA) and the International Fertilizer Development Center (IFDC). A similar type of initiative is leading to a growth in the consumption of the product across the globe.
Browse through Grand View Research's Agrochemicals & Fertilizers Industry Research Reports.
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Nitrogenous Fertilizer Market Segmentation
Grand View Research has segmented the global nitrogenous fertilizer market report based on the product, application, and region:
Nitrogenous Fertilizer Product Outlook (Volume, Thousand Tons; Revenue, USD Million, 2018 - 2030)
- Urea
- Methylene Urea
- Ammonium Nitrate
- Ammonium Sulfate
- Ammonia
- Calcium Ammonium Nitrate
- Others
Nitrogenous Fertilizer Application Outlook (Volume, Thousand Tons; Revenue, USD Million, 2018 - 2030)
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- Others
Nitrogenous Fertilizer Regional Outlook (Volume, Thousand Tons; Revenue, USD Million, 2018 - 2030)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Companies profiled:
Some prominent players in the nitrogenous fertilizer market include
- Kynoch Fertilizer
- Sorfert
- Bunge Ltd.
- Nutrien Ltd.
- Yara
- Omnia Holdings Limited
- Sasol
- Aquasol Nutri
- TriomfSA
- Rolfes Agri (Pty) Ltd.
- OCI Nitrogen
- ICL Fertilizers
- Eurochem Group AG
- CF Industries Holdings Inc.
- Koch Fertilizer, LLC
- Hellagrolip SA
- Coromandel International Limited
- Haifa Group
- Notore Chemical Industries Plc
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