Nitrogenous Fertilizer Market Share, Size & Trends 2031
Nitrogenous Fertilizer Market Share, Size & Trends 2031
Segments - Nitrogenous Fertilizer Market by Types (Urea, Calcium Ammonium, Ammonium Nitrate/UAN, Ammonium Sulfate, and Others), Crop Types (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Turf & Ornamentals, and Others), Applications (Soil, Foliar, Fertigation, and Others), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecasts, 2023-2031
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| Report ID :MC-4579
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Report Description
Nitrogenous Fertilizer Market Outlook 2031
The global nitrogenous fertilizer market size was USD 60.46 Billion in 2022 and is projected to reach USD 99.57 Billion by 2031 a robust CAGR 5.7% during the forecast period, 2023-2031. The market growth is attributed to rising number of farmers who are aware of methods and techniques to produce more crop products along with availability of governments’ subsidies for agricultural farming.
Nitrogen fertilizers are white crystalline solids primarily containing 46% nitrogen and other nutrients, which are beneficial for high yield of agriculture products. The fertilizer is widely used as feed additives to increase crop production as it provides the main nutrients for plants. Growing farmers’ awareness of soil structure as well as nutrient balance is a key factor driving the market.
Among product types, urea-ammonium nitrate, a typical kind of nitrogenous crop-growth enhancer, is swiftly gaining popularity among liquid fertilizer makers due to its excellent compatibility with pesticides, herbicides, growth regulators, and other nutrients.
Nitrogenous Fertilizer Market Trends, Drivers, Restraints, and Opportunities:
- Increasing food demand due to rapid population growth and decreasing arable land is a key factor driving the market.
- Wide government funding for the use of advanced techniques and encouraging to use for high yielding fertilizers present another key factors for the market expansion.
- Concerning environmental and health issues associated with nitrogen fertilizers and high fluctuation of raw material prices are likely to hamper the market expansion during the forecast period.
- Key efforts on developing new and novel nitrogenous fertilizers by manufacturing companies present some key aspects that offer lucrative opportunities of the market growth.
Scope of The Nitrogenous Fertilizer Market Report:
The report on global nitrogenous fertilizers market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
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Attributes |
Details |
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Report Title |
Nitrogenous Fertilizer Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Types (Urea, Calcium Ammonium, Ammonium Nitrate/UAN, Ammonium Sulfate, and Others), Crop Types (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Turf & Ornamentals, and Others), and Applications (Soil, Foliar, Fertigation, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
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; Coromandal International Limited; Haifa Group;, and Notore Chemical Industries Plc |
Global Nitrogenous fertilizer Market Segment Insights:
Urea segment to hold significant market share
In terms of types, the market is divided into urea, calcium ammonium, ammonium nitrate/UAN, ammonium sulfate, and others. In 2020, the urea segment accounted for a major revenue share and is projected to hold significant market share during the forecast period. The segment growth is due to the low cost of urea and the high nitrogen content of the substance. Urea is the most extensively used fertilizer since it contains up to 46% nitrogen.
Cereals and Grains segment to register high growth
Based on crop types, the global nitrogenous fertilizers market is categorized as cereals & grains, oilseeds & pulses, fruits & vegetables, turf & ornamentals, and others. The cereals & grains segment is expected to register high growth in the coming years attributed to the maximum care required for the vegetation type for excessive yield and generation. Fertilizers, which include anhydrous ammonia, ammonium nitrate, and urea, are favored for grains and cereals production.
Asia-Pacific to dominate the global market
On the basis of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of Asia Pacific represented a large share of revenue with over 60.1% of the global market in 2020 and is likely to dominate the market in the coming years. The market growth is attributed to a large land available for cultivation, high rural population, and favorable climatic conditions in the region.
The presence of major nitrogenous fertilizer producer their expansion of production units in Asian countries play an important role in the regional market growth.
Segments
Types
- Urea
- Calcium Ammonium
- Ammonium Nitrate/UAN
- Ammonium Sulfate
- Others
Crop Types
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- Turf & Ornamentals
- Others
Applications
- Soil
- Foliar
- Fertigation
- Others
Regions
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Players
- Kynoch Fertilizer
- Nutrient Ltd
- Bunge Ltd
- ICL Fertilizers
- Koch Fertilizer, LLC
- OCI Nitrogen
- Omnia Holdings Limited
- Aquasol Nutri
- Haifa Group
- Coromandal International Limited
Competitive Landscape
Key players in the global nitrogenous fertilizer market are 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; Coromandal International Limited; Haifa Group; and Notore Chemical Industries Plc.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Nitrogenous Fertilizer Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Nitrogenous Fertilizer Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Nitrogenous Fertilizer Market - Supply Chain
4.5. Global Nitrogenous Fertilizer Market Forecast
4.5.1. Nitrogenous Fertilizer Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Nitrogenous Fertilizer Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Nitrogenous Fertilizer Market Absolute $ Opportunity
5. Global Nitrogenous Fertilizer Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Nitrogenous Fertilizer Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Nitrogenous Fertilizer Demand Share Forecast, 2019-2026
6. North America Nitrogenous Fertilizer Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Nitrogenous Fertilizer Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Nitrogenous Fertilizer Demand Share Forecast, 2019-2026
7. Latin America Nitrogenous Fertilizer Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Nitrogenous Fertilizer Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Nitrogenous Fertilizer Demand Share Forecast, 2019-2026
8. Europe Nitrogenous Fertilizer Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Nitrogenous Fertilizer Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Nitrogenous Fertilizer Demand Share Forecast, 2019-2026
9. Asia Pacific Nitrogenous Fertilizer Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Nitrogenous Fertilizer Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Nitrogenous Fertilizer Demand Share Forecast, 2019-2026
10. Middle East & Africa Nitrogenous Fertilizer Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Nitrogenous Fertilizer Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Nitrogenous Fertilizer Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Nitrogenous Fertilizer Market: Market Share Analysis
11.2. Nitrogenous Fertilizer Distributors and Customers
11.3. Nitrogenous Fertilizer Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Kynoch Fertilizer
11.4.2. Nutrient Ltd
11.4.3. Bunge Ltd
11.4.4. ICL Fertilizers
11.4.5. Koch Fertilizer, LLC
11.4.6. OCI Nitrogen
11.4.7. Omnia Holdings Limited
11.4.8. Aquasol Nutri
Methodology
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