Abstract
The global nitrogenous fertilizers market valuation was nearly 125.59 (USD Billion) by 2025 and is set to record a CAGR of nearly 2.22% over 2019-2025. The report offers estimation and analysis of the nitrogenous fertilizers market on a global as well as regional level. The study provides an in-depth assessment of the market competition, limitations, sales estimates, revenue forecasts, opportunities, current & emerging business trends, and industry-validated market figures. The report offers historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on value (USD Billion).
Our research offers accurate market attractiveness analysis and thus assists the customer in measuring the growth prospects of the nitrogenous fertilizers market over the period from 2019 to 2025. The market is sectored into type, crop-type, application, form, and region.
Type-wise, the nitrogenous fertilizers market is segregated into Calcium Ammonium Nitrate (CAN), Urea, Ammonium Sulfate, Ammonium Nitrate, and Others. Moreover, Urea is likely to dominate the type segment over the next decade owing to its massive use in the agriculture industry.
Application-wise, the industry is sectored into the soil, Fertigation, and foliar segments. On the basis of crop type, the market for nitrogenous fertilizers is divided into Fruits & Vegetables, Oilseeds & Pulses, Cereals & Grains, and Others. Based on the form, the industry is segmented into dry and liquid. Region-wise, the market is bifurcated into North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa.
The report includes an exhaustive and detailed presentation of PESTEL and SWOT analysis for extensively analyzing the aspects affecting the dynamics of performance of each industry player in the current situation as well as during the forecast timeline. It also delves deeply into the competitive moves adopted by the key market players to gain a competitive edge.
The growth of the nitrogenous fertilizers industry during the forecast period is owing to the growing need for enhancing yield. Furthermore, favorable government schemes & subsidization in emerging economies prompting the use of the product in agricultural activities due to its cost-effective nature will embellish the market growth trends over the forecast period.
Asia Pacific To Favorable Leverage Market Growth By 2025
The regional market growth over 2019-2025 is subject to the presence of industry behemoths in countries like China, India, and Japan. The flourishing farming activities in India and China and agriculture being the key occupation of the people in these countries will further boost the growth of the market in the Asia Pacific zone.
Key players included in the nitrogenous fertilizers market are Potash Corp. of Saskatchewan Inc., CF Industries Holdings Inc., Yara International ASA, EuroChem Group AG, and Agrium Inc.
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