Nitrogenous Fertilizers Market: Global Industry Analysis And Forecast (2023-2029)

Nitrogenous Fertilizers Market was valued at US$ 60.46 Bn. in 2022. Nitrogenous Fertilizers Market size is estimated to grow at a CAGR of 5.7% over the forecast period.
Nitrogenous Fertilizers Market Overview:
The report explores the Nitrogenous Fertilizers market's segments (Type, Crop, Form and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2020. The report investigates the Nitrogenous Fertilizers market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Nitrogenous Fertilizers market's contemporary competitive scenario.

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Nitrogenous Fertilizers Market Dynamics:
Nitrogen fertilizer is quite possibly the most normal compost classes delivered with various compound blends of nitrogen. Once applied to the fields the composts are consumed by plants are changed over into different structures through compound responses. Their application gives better surface and shading to plants, in this manner improving farming profitability. The Haber Bosch measure is viewed as the most favored procedure for the creation of nitrogenous composts. Petroleum gas is a superb crude material utilized in this cycle, alongside different materials like creature fertilizer and manure. The increment in the populace has raised the interest for food security, along these lines driving the need to utilize the nitrogenous composts to supply fundamental supplements in the soil to advance the dirt quality, at last prompting better returns.

Agriculture products, like natural products, vegetables, grains, & cotton, are significant application regions for nitrogenous composts. Creation levels of yields are generally influenced by climatic varieties, which, thusly, change the interest and supply of harvests according to the season. Wheat supplies expanded to 4.7 million tons all around the world from 2017 to 2018. During a similar period, rice supplies expanded to 632.8 million tons, fundamentally attributable to high creation in India. Nitrogen is one of the significant supplements needed for the development of plants. It is accessible in a common structure in the climate, notwithstanding, a couple of plants can retain it. Consequently, it is provided to plants artificially as nitrogenous manures. The worldwide market offers nitrogenous composts as urea, ammonia, ammonium sulfate, calcium ammonium nitrate, and a couple of others, with shifting extents of the supplement esteem. These nitrogenous manures give a better surface and direct plant development for quicker yield.

Agriculture in India:

The importance of agriculture, which provides a living for the majority of people in India, cannot be understated. Agricultural production has increased, despite the fact that its share of the GDP has decreased to under 20% and that of other sectors has increased more quickly. As a result, we are now self-sufficient and a net exporter of agricultural and related goods, as opposed to being a food-begging bowl following independence. The second advance forecasts for 2019–20 expect that the nation would produce a record 291.95 million tonnes of food grains overall. Although this is good news, the Indian Council for Agricultural Research predicts that by 2030, global food grain demand would reach 345 million tonnes.

India's growing population, rising average income, and the consequences of globalization will raise demand for a greater variety, quantity, and quality of food. In order to produce more food in greater quantity, variety, and quality, pressure on the limited amount of arable land will continue to grow. According to the ICAR, India is blessed with vast tracts of arable land divided into 15 agro-climatic zones that have a diversity of soil types, weather patterns, & crop-growing potential. India is the world's leading producer of milk, spices, pulses, tea, cashew, and jute, and ranks second in the world for production of rice, wheat, oilseeds, fruits, vegetables, sugarcane, and cotton. The government & other organizations are working to address the main issues facing Indian agriculture, such as small farm holdings, primary & secondary processing, supply chains, infrastructure enabling effective resource use, and marketing, which aims to cut down on middlemen in the market. Work on cost-effective solutions that safeguard the environment and preserve our natural resources is necessary.

Young people with advanced education have started a lot of businesses in agriculture, demonstrating their ability to comprehend the enormous potential of investing time and money in this industry. Over the forecast period, the combined influence of technology will alter how agriculture is practiced. There is still a significant untapped potential in India's agriculture sector despite all the limitations that make productivity and returns in agriculture complex. Numerous people, large corporations, startups, and entrepreneurial ventures are being drawn to make significant investments in new ideas, inventions, research and development, and other areas of business as a result of favourable weather and soil conditions, a high demand for food, untapped opportunities, and various fiscal incentives provided by the government for inputs, production infrastructure, the availability of affordable credit facilities, and for marketing and export promotion. The future of agriculture lies in the efforts being made to turn all of the problems facing the industry into opportunities.

The U.S. market for nitrogenous composts is thriving with the bountiful accessibility of crude materials attributable to the shale gas investigation. Urea rules the utilization in the agrarian area in the U.S. market followed by ammonia. Petroleum gas represents around half of the creation cost of nitrogenous manures. The accessibility of this gas at a lower cost has declined imports of urea, ammonia, and urea ammonium nitrate in the U.S. market. Expanded business cultivating alongside ease creation of manures is expected to push the interest for nitrogenous composts.

Arising economies all throughout the planet are presently understanding the significance of utilizing nitrogenous composts in rural creation. The ranchers of agricultural nations, like China, India, Uganda, and Rwanda, are acquiring information in regards to the exact utilization of synthetic compounds. Additionally, neighborhood organizations are occupied with giving deals administrations in regards to the innovations and harvest supplement prerequisites. These organizations additionally teach the clients with respect to the potential damage brought about by overabundance use of manures and their right stockpiling and removal strategies. Different establishments across the globe are engaged with spreading mindfulness in regards to the utilization of items that are helpful for farming yield. Some of them incorporate the International Fertilizer Development Center (IFDC) and Global Alliance for Climate-Smart Agriculture (GACSA). Such drives have prompted an ascent in the worldwide utilization of nitrogenous manures.
Nitrogenous Fertilizers Market Segment Analysis:
On the basis of Type, the market is segmented into Urea, Ammonium Nitrate, Ammonium Sulfate, Calcium ammonium nitrate (CAN) and others. Urea and ammonia together record for more than half of the complete nitrogenous compost portion of the overall industry regarding both volume and income. Urea is additionally driving the item type portion in the market regarding development inferable from its higher volume of utilization and moderate expense contrasted with different items. It is significantly liked for acidic soil for harvests like corn, strawberries, and blueberries. The response of ammonia with carbon dioxide prompts the arrangement of urea. Subsequently, the cost of the crude materials is among the central point affecting the value patterns of urea compost. Alongside this, the public authority endowments in agricultural nations and a minute ago purchasing patterns in the U.S. what's more, nations in Europe additionally influence the costs of the items in the worldwide market.

Ammonia is the most usually and customarily utilized nitrogenous manure. It is viewed as the most extravagant wellspring of nitrogen with around 82% of the component and thus is expected to grow at a CAGR of 4.4% from 2022 to 2029 as far as income. It keeps up the pH esteem in soil and makes the dirt basic. Such kind of soil is reasonable for the development of carrots, cauliflower, potatoes, peanuts, and a couple of different harvests, which require pH esteem more noteworthy than seven.



On the basis of Crop, the market has been segmented into Cereals & grains, Oilseeds & pulses, Fruits & vegetables and others. Cereals and grains are the main application fragment in the market attributable to the developing interest from food and creature feed enterprises. Contracting farmland and developing interest for food harvests like wheat, maize, rice, grain, and oats, are boosting the interest in agrarian synthetics. Among the grains burned around the world, wheat is the biggest shopper of nitrogen-based soil nourishes followed by grain. Nitrogen is applied to cereals and grains as soil added substances or sprinklers. The oilseed is one of the greatest income creating crops inferable from its interest in the creation of consumable oil. Mustard and soybean are the most exceptionally devoured eatable oilseeds. The soil needed for the development of these yields needs to have an equilibrium of nitrogen, sulfur, and calcium. These variables are expected to expand the use of nitrogenous manures for the creation of oilseeds.
Regional Analysis:
Asia Pacific held the largest share of xx% in 2022. The headways in cultivating techniques alongside the presence of huge rural grounds impact the market elements. The locale is home to different arising economies including China, India, Indonesia, the Philippines, Malaysia, and Thailand. Asian nations have an enormous territory accessible for development, impressively high country populace, and ideal climatic conditions. The district is expected to observe the most noteworthy development for nitrogenous manures regarding income and volume. Unmistakable worldwide makers of nitrogenous composts have set up their creation units in Asian nations because of rising interest and expanding centre around food security. The essential factor driving the interest in nitrogenous composts in Europe is the enormous assortment of harvests developed across various nations. Starting in 2019, in Europe, 39% of the absolute land territory was involved by farming and meadows. Incessant environmental changes and contamination of soil and water brought about by composts are significant difficulties for the European horticulture area. Inferable from these worries, makers have created energy-effective procedures to deliver alkali. Smelling salts producers in Western Europe are known to utilize the most energy-proficient procedures contrasted with those in different pieces of the world.

The objective of the report is to present a comprehensive analysis of the global Nitrogenous Fertilizers 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 have 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 Nitrogenous Fertilizers Market dynamic, and structure by analyzing the market segments and projecting the Nitrogenous Fertilizers Market size. Clear representation of competitive analysis of key players by Design, price, financial position, Type portfolio, growth strategies, and regional presence in the Nitrogenous Fertilizers Market make the report investor’s guide.
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Nitrogenous Fertilizers Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US$ 60.46 Bn.


Forecast Period 2023 to 2029 CAGR:
5.7 %
Market Size in 2029:
US$ 89.12 Bn.


 Segments Covered:
by Type
Urea
Ammonium Nitrate
Ammonium Sulfate
Calcium ammonium nitrate (CAN)
Others


by Crop
Cereals & grains
Oilseeds & pulses
Fruits & vegetables
Others


by Form
Liquid
Dry
Others



Nitrogenous Fertilizers 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 (razil, Argentina Rest of South America)
Key Players:
1. Coromandel International Limited
2. Bunge Limited
3. CF Industries Holdings, Inc.
4. EuroChem Group
5. Koch Fertilizer, Llc
6. Nutrien Ltd.
7. OCI Nitrogen
8. SABIC Group
9. Sinofert
10. TOGLIATTIAZOT (TOAZ)
11. Yara International ASA
12. Potash Corp. of Saskatchewan.

Frequently Asked Questions:

1. Which region has the largest share in Global Nitrogenous Fertilizers Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global Nitrogenous Fertilizers Market?
Ans: The Global Nitrogenous Fertilizers Market is growing at a CAGR of 5.7% during forecasting period 2023-2029.

3. What is scope of the Global Nitrogenous Fertilizers Market report?
Ans: Global Nitrogenous Fertilizers 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 Nitrogenous Fertilizers Market?
Ans: The important key players in the Global Nitrogenous Fertilizers Market are – Denso Corporation, Hanon Systems, Sanden Holding Corporation, Mitsubishi Heavy SABIC Group, Sinofert, TOGLIATTIAZOT (TOAZ), Yara International ASA, and Potash Corp. of Saskatchewan.

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