Nitrogen is an important nutrient for all crops in growth and development. Despite of abundance of nitrogen in the environment, only a few plants have the capability to absorb and use the same. Nitrogen provides better texture and colour to plants and helps in faster growth which in turn increases the overall agricultural productivity. Nitrogenous fertilizers are inorganic in nature and are mostly used in the agriculture industry. It contains nitrous compounds such as ammonium sulphate, ammonium nitrate, calcium ammonium nitrate and other compounds in small proportions. Fertility of soil determines the concentration of nitrogenous fertilizers which is calculated by soil tests depending on the type of crop.The global fertilizer market is dominated by nitrogenous fertilizer which attracts the investors to invest in this market.
The Global Nitrogenous Fertilizer Market was valued at US$ XX Mn in 201X and expected to grow at X% Compound Annual Growth Rate (CAGR) over 201X to 202X
Global investors are attracted towards Asia-Pacific and Latin-America as these are the largest producers of rice and corn respectively. Increasing population will result in increased demand for crops which in turn will result in growing demand for nitrogenous fertilizers owing to high productivity properties..
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Asia-Pacific Dominates the Market
Asia-Pacific has been dominating the global nitrogenous fertilizer market and this trend is expected to continue. Rice production is expected to dominate the demand for nitrogenous fertilizers in Asia- Pacific. Grains and oilseeds have the highest share in the nitrogenous market.
Competition Assessment: Nitrogenous Fertilizers Market
Some of the players in nitrogenous fertilizers market are
• Agrium Inc. (Canada)
• The Dow Chemical Company (U.S.)
• Yara International ASA (Norway)
• Bayer CropScience AG (Germany)
• Coromandel International Limited (India)
• DuPont (U.S.)
• Koch Industries Inc. (U.S.A.)
• Syngenta AG (Switzerland)
• Potash Corp. of Saskatchewan Inc. (Canada)
• Monsanto Company (U.S.)
• INCOTEC Group BV (Netherlands)
Precision Business Insights (PBI) in its report titled “Nitrogenous Fertilizers Market”: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 20XX-20XX and Forecast 20XX-20XX” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast.
Market Scope: Nitrogenous Fertilizers Market
The nitrogenous fertilizers market is classified on the basis of product type, crop type, mode of application, region
Based on Product, market is segmented as
• Ammonium Nitrate
• Calcium Ammonium Nitrate (CAN)
• Urea
• Ammonium Sulphate
Based on Crop Type, market is segmented as
• Cereals and grains
• Oilseeds and pulses
• Fruits and vegetables
Based on Mode of Application, market is segmented as
• Fertigation
• Soil
• Foliar
Based on Region, market is segmented as
• North America
• Latin America
• Europe
• Asia Pacific
• The Middle East and Africa
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