Global Nitrogenous Fertilizers Market Is Anticipated To Develop At Around 2.22% CAGR

21-Feb-2020 | Zion Market Research

As per the researchers at Zion Market Research, the nitrogenous fertilizers market is anticipated to develop at around 2.22% CAGR during the forecast period of 2029–2025, to attain around USD 125.59 Billion by 2025. A cutthroat competition is been observed in the nitrogenous fertilizers market over the past years. Few of the key players in the nitrogenous fertilizers market are CF Industries Holdings Inc., Yara International ASA, Potash Corp. of Saskatchewan Inc., EuroChem Group AG, and Agrium Inc. to cite, Karnalyte Resources Inc. is recently declared of obtaining the foremost draft of the pre-feasibility research for the Proteos Nitrogen Project that the firm had mentioned about earlier on November 5, 2019. The report is yet in a draft phase and the firm intends to finalize it prior to the first quarter end of 2020.

Need For Increased Productivity To Boost The Growth Of The Nitrogenous Fertilizers Market

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The rising requirement to boost the level yield, productivity, and fertilizer intensity gaps in regions, in addition to rising mindfulness about nutritional balance and profile supported by government are the key factors driving the market growth. Farmers around the world utilize some amount of chemical or synthetic fertilizers to increase productivity. Nevertheless, the rising trend of inclination to organic food that is generated devoid of any chemical or synthetic constituents or is generated majorly with biofertilizers or natural components has been observed in recent years. This can be attributed to the rising food safety, environment protection, health awareness, & other associated worries and is made reasonable by increasing levels of income. This, in turn, is estimated to influence the nitrogenous fertilizers market growth during the years to come.

Urea Is Expected Be The Dominant Type Segment In The Nitrogenous Fertilizers Market

Based on type of nitrogenous fertilizers, the most extensively utilized one is urea in agriculture and has recorded for almost 90% of the nitrogenous fertilizers market growth. Urea is favored as an alternative for ammonium nitrate and is utilized extensively as farmers have recognized it as a user-friendly and economical substitute. Ammonium nitrate is estimated to grow at the rapid pace in the coming period owing to its swelling need credited to the quick absorption by plants of the nitrate compounds, with minimal loss of nutrients in comparison to other nitrogenous fertilizers. A great momentum has been observed by nitrogen fertilizers in the form of specialty and slow release fertilizers coupled with nitrogen stabilizers to decrease the additional wastage of these fertilizers.

Asia Pacific To Govern The Nitrogenous Fertilizers Market In The Forecast Period

The global nitrogenous fertilizers market based on region is categorized into Asia Pacific, Latin America, the Middle East & Africa, North America, and Europe. The Asia Pacific region marked for the biggest stake of the entire nitrogenous fertilizers market owing to the existence of numerous prominent players generating nitrogenous fertilizers for a number of applications in the region.

Browse the full “Global Nitrogenous Fertilizers Market - By Type (Calcium Ammonium Nitrate (CAN), Urea, Ammonium Sulfate, Ammonium Nitrate, and Others), By Crop Type (Fruits & Vegetables, Oilseeds & Pulses, Cereals & Grains, and Others), By Application (Fertigation, Foliar, and Soil), By Form (Dry and Liquid), and By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025.” Report at https://www.zionmarketresearch.com/report/nitrogenous-fertilizer-market

The global nitrogenous fertilizers market is segmented as follows:

By Type

  • Calcium ammonium nitrate (CAN)
  • Urea
  • Ammonium Sulfate
  • Ammonium Nitrate
  • Others (potassium nitrate, NPK blends, monoammonium phosphate (MAP), diammonium phosphate (DAP), and other phosphate & nitrogen compounds)

By Crop Type

  • Fruits & vegetables
  • Oilseeds & pulses
  • Cereals & grains
  • Others (permanent crops, grasslands, floriculture crops, pastures, plantation crops, and other agricultural cultivation)

By Application

  • Fertigation
  • Foliar
  • Soil
  • Others (aerial application, basal application, and starter solution)

By Form

  • Dry
  • Liquid
  • Others (granular and pelleted)

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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