Nitrogenous Fertilizers Market:
The GMI Research forecasts that the nitrogenous fertilizers market is witnessing an upsurge in demand during the forecast period. This is mainly due to the strong demand for crop production and increasing population.
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Nitrogenous Fertilizers Market’s leading Manufacturers:
Nutrien Ltd.
Bunge Limited
OCI Nitrogen
Yara
EuroChem Group
ICL Fertilizers
Sinofert Holdings Limited
CF Industries Holdings, Inc.
Koch Ag & Energy Solutions, LLC
CVR Partners, LP.
Nitrogenous Fertilizers Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The strong demand for crop production and increasing population are the major factors surging the growth of the global nitrogenous fertilizers market. There has been an upsurge in demand to supply nutritious, affordable, and safe food to the rapidly growing population. Nitrogenous fertilizers are highly recommended to unlock the high yielding potential of the crop. Additionally, declining farmland and increasing area under precision farming, such as drip and sprinkler irrigation, are factors that accelerate the growth of the market. Nitrogen used in commercial fertilizers is especially soluble in assimilation and easy uptake by the plant. Nitrogen is essential for increasing crop growth and crop yield as it helps to maintain and restore soil nutrients. All these factors play an important role in supporting the growth of the global nitrogenous fertilizers market.
There is a requirement for proper nitrogen fertilizer management to grow healthy plants, surge the farm business, and generate good yield. Additionally, nitrogen fertilizers use the green manure method, which focuses on improving the soil fertility quality by the integration of nitrogen into the soil of any field. There are various benefits regarding crop growth, however, the harmful effect of nitrogenous fertilizers on the environment cannot be ignored as excess use of nitrogen at a high level can cause harm to aquatic organisms, plant species, and depletion of soil nutrients. Several organizations are focusing on numerous R&D activities to decrease the negative impact of nitrogenous fertilizers. For example, in 2019, Yara introduced Yaralix, which is a tool for precision farming and enables farmers to measure the need for nitrogen for the crop through their smartphones. These innovations are boosting the growth of the global nitrogenous fertilizers market. The COVID-19 pandemic has adversely impacted multiple industries owing to the lockdown across the world. The chemical & materials sector is one of the most affected sectors, which has faced interruptions in the manufacturing and supply chain of its products in the pandemic. This factor has hampered the growth of the global nitrogenous fertilizers market.
Nitrogenous Fertilizers Market Segmentation:
Segmentation by Product:
Urea
Ammonium Nitrate
Ammonium Sulfate
Ammonia
Calcium Ammonium Nitrate
Others
Segmentation by End-Use:
Cereals & Grains
Oilseeds & Pulses
Fruits & Vegetables
Others
Segmentation by Region:
North America
United States of America
Canada
Asia Pacific
China
Japan
India
Rest of APAC
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird's eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.
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