Nitrogen Nutrients Market: Global Industry Analysis and Forecast (2023-2029) by Source, Product Form, and Region

Nitrogen Nutrients Market size was valued at US$ 59.79 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 5.1% through 2022 to 2029, reaching nearly US$  Bn.
Nitrogen Nutrients Market Overview:
Nitrogen Nutrients Market is expected to reach US$ 76.68 Bn. by 2027. Plants absorb more nitrogen than any other nutrient, and nitrogen is regarded as the most important element. After plants are harvested, nitrogen is essential to ensuring that they are healthy and nutritious. As nitrogen is a significant component of chlorophyll, the molecule that allows plants to utilise sunlight energy to make carbohydrates from water and carbon dioxide, it is extremely important (i.e., photosynthesis). It's also a big part of amino acids, which are the building blocks of proteins. When plants are deprived of proteins, they wilt and die.To know about the Research Methodology:- Request Free Sample Report
Nitrogen Nutrients Market Dynamics:
The growth of fertilizers and agrochemicals across the globe is the key driving factor for the global nitrogen nutrients market's growth. The constant usage of soil for high yield depletes soil nutrients and vitamins, as well as its strength. The application of fertilizers and nitrogen nutrients aids in the restoration of soil strength and plant growth. For the global nitrogen nutrients market, this re-strengthening of soil with the addition of nutrients for high plant production is serving as a growth driving factor.

Split nitrogen (N) fertilizer applications can be a significant part of a productive, lucrative, and environmentally responsible nutrient management strategy. Growers can improve nutrient efficiency, promote optimal yields, and reduce nutrient waste by dividing total nitrogen delivery into two or more treatments. The split application can be a crucial component of 4R Nutrient Stewardship — right source, right rate, right time, and right location — by more precisely synchronizing nitrogen delivery with a plant's ability to absorb nutrients.

The key major challenge to the Nitrogen Nutrients market's growth is a lack of customer awareness. Furthermore, an excess of nitrogen in the soil hinders root growth, resulting in a depletion of plant carbohydrates reserves. Excessive costs associated with new product development, as well as limited nitrogen applications due to its inert nature, are expected to be major challenges to the nitrogen nutrients market's growth over the forecast period.

The policies of developing and developed countries on the nitrogen nutrients market, as well as increased awareness among farmers about the use of nitrogen nutrients, are the factors that are expected to drive the growth of the nitrogen nutrients market during the forecast period.
Nitrogen Nutrients Market Segment Analysis:
Based on the Source, the market is segmented into Natural, and Synthetic. The natural nitrogen nutrients segment is expected to hold the largest market share of xx% by 2029. Natural nitrogen nutrients are widely available. Compost manure, poultry manure, blood meal, fish emulsion, and crab meal are examples of natural nitrogen nutrients found in animal by-products. Alfalfa, soybean, and cottonseed meals are examples of plant-derived products. The natural nitrogen nutrients segment growth in the global nitrogen nutrients market is expected to be driven by its accessible availability at reasonable prices.

Based on the Product Form, the market is segmented into Liquid, and Dry. The liquid nitrogen nutrients segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. The demand for liquid nitrogen nutrients was higher than for dry nitrogen nutrients, and it was expected to continue to rise during the forecast period. Liquid nitrogen nutrients are readily available and have features such as water solubility. Because plants acquire nitrogen nutrients from the soil, their solubility in water aids in increasing plant output.

Liquid nutrients have gained a lot of traction in recent years. They can be applied to the ground or to the leaves. Liquids can be broadcast, applied as a mid-season sidedress, and tied at planting. Plant nutrients are absorbed through the leaves and are more readily available for plant use when foliar is sprayed rather than ground applied. The availability of foliar sprayed nutrients, on the other hand, is transient and does not last throughout the growing season. Foliar treatments are a good approach to replenish soil-applied nutrients or remedy mid-season shortages.

The dry nitrogen nutrients segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. In most cases, dry nutrients are combined into granules. Individual granular fertilizers with specified analyses (e.g., 46-0-0, 18-46-0, and 0-0-60) can be mixed in the right ratio to make fertilizer blends. Dry nutrients can be broadcast, applied as a band at planting, and cultivated shallowly into the soil (2-by-2 placement), or applied as a sidedress and cultivated shallowly into the soil (2-by-2 placement). Farmers may fine-tune their agricultural fertility program and perhaps boost crop production efficiency when they have access to custom blended granular fertilizer. If all goes according to plan, this could lead to more profitable agricultural output.
Nitrogen Nutrients Market Regional Insights:
The North American region is expected to dominate the Nitrogen Nutrients Market during the forecast period 2022-2029. The North American region is expected to hold the largest market share of xx% by 2029. The key driving factor for the growth of the nitrogen nutrients market during the forecast period is policy changes from developed and developing economies in the North American region, as well as growth in the agriculture sector. Furthermore, increased public and farmer understanding of the benefits of using natural nitrogen nutrients for high yield is raising the growth rate. These are the major factors that are expected to drive the growth of the North American region in the Nitrogen Nutrients Market during the forecast period.

Asia Pacific region is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. This is due to the increasing demand for nitrogen nutrients in the Asia Pacific countries such as India, China, South Korea, and other countries in the region.

The Europe region is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. In the previous ten years, agricultural fertilizer consumption in the United Kingdom has been relatively steady. In 2022, it was estimated to be around 1.5 million metric tonnes. With nearly one million metric tonnes, nitrogen was the most widely utilized fertilizer nutrient.

The objective of the report is to present a comprehensive analysis of the Global Nitrogen Nutrients Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Global Nitrogen Nutrients Market dynamic, and structure by analyzing the market segments and projecting the Global Nitrogen Nutrients Market size. Clear representation of competitive analysis of key players by Distribution Channel, price, financial position, product portfolio, growth strategies, and regional presence in the Nitrogen Nutrients Market make the report investor’s guide.
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Nitrogen Nutrients Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 59.79 Bn.


Forecast Period 2023 to 2029 CAGR:
5.1%
Market Size in 2029:
US $ 84.69 Bn.


 Segments Covered:
by Source
• Natural
• Synthetic


by Product Form
• Liquid
• Dry



Nitrogen Nutrients Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Nitrogen Nutrients Market Key Players
• T. Stanes & Company Limited
• K+S AKTIENGESELLSCHAFT
• Agrium Inc.
• CF Industries
• Belaruskali
• Mosaic
• PotashCorp
• Conklin Company Partners Inc.
• Agro-culture liquid fertilizer
• The Scotts Miracle-Gro Company
• Alpine Solutions Corporation
• Grassland Agro Limited
• Yara International ASA
• Miller seed Company
• Nachurs Alpine Solutions Corp
• StollerUsa Inc.
• EC Grow

Frequently Asked Questions:

1. Which region has the largest share in Global Nitrogen Nutrients Market?
Ans: North American region held the highest share in 2022.

2. What is the growth rate of Global Nitrogen Nutrients Market?
Ans: The Global Nitrogen Nutrients Market is growing at a CAGR of 5.1% during forecasting period 2023-2029.

3. What is scope of the Global Nitrogen Nutrients Market report?
Ans: Global Nitrogen Nutrients Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Nitrogen Nutrients Market?
Ans: The important key players in the Global Nitrogen Nutrients Market are – T. Stanes & Company Limited, K+S AKTIENGESELLSCHAFT, Agrium Inc., CF Industries, Belaruskali, Mosaic, PotashCorp, Conklin Company Partners Inc., Agro-culture liquid fertilizer, The Scotts Miracle-Gro Company, Alpine Solutions Corporation, Grassland Agro Limited, Yara International ASA, Miller seed Company, Nachurs Alpine Solutions Corp, StollerUsa Inc., EC Grow

5. What is the study period of this Market?
Ans: The Global Nitrogen Nutrients Market is studied from 2022 to 2029.