The global Nitrogenous Fertilizer market size is expected to be worth around US$ 90.6 billion by 2030, according to a new report by Vision Research Reports.
The global Nitrogenous Fertilizer market size was valued at US$ 55.9 billion in 2020 and is anticipated to grow at a CAGR of 6.2% during forecast period 2021 to 2030.
|Market Size||US$ 90.6 billion by 2030|
|Growth Rate||CAGR of 6.2% From 2021 to 2030
|Forecast Period||2021 to 2030|
|Segments Covered||Product, Application|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||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; Notore Chemical Industries Plc|
Growth can be attributed to the growing awareness about maintaining nutritional balance in soil among farmers. An increase in the global population has resulted in a rise in the annual crop yield, which has boosted the agriculture sector across the globe.
Nitrogen and hydrogen are the key raw materials used to manufacture nitrogenous fertilizers. Nitrogen is the primary nutrient in fertilizers, and it is required in large quantities by plants. Hydrogen is an important component of ammonia, which is a key ingredient in most fertilizers. Almost all commercial-scale ammonia incorporates hydrogen and nitrogen. Availability of raw material impacts nitrogenous fertilizer prices and production.
By Product Analysis
The urea segment accounted for the largest revenue share of around 39.2% in 2020. This is attributed to the low costs of urea and the high level of nitrogen present in it. Urea is the most important nitrogenous fertilizer as it contains nitrogen content as high as 46%.
Ammonia was the second-largest product segment and accounted for around 22.0% of the revenue share in 2020. This is attributed to excellent solubility and high leaching loss resistance. Ammonia is the foundation of the nitrogen fertilizer industry.
Other products segment of the market includes calcium nitrate, ammonium sulfate nitrate, and amide fertilizers (calcium cyanamide, diammonium phosphate, etc.). Calcium nitrate contains nitrogen in the nitrate form only as it is produced by reacting nitric acid with crushed limestone.
By Application Analysis
The cereals and grains segment accounted for the largest revenue share of around 45.0% in 2020. This is attributed to the utmost care needed by these crops for high yields and to generate maximum profitability for farmers and the overall agriculture industry.
The oilseeds and pulses segment was the second-largest application segment in 2020 and is predicted to witness a CAGR of 5.7% in terms of revenue over the forecast period. This is attributed to the requirement of improving the germination percentage of seeds and ensuring proper growth of dense pulse canopies.
Other applications of nitrogenous fertilizers include ornamental plants, fiber plants, etc. Nitrogenous fertilizers are also used to promote the growth of ornamental and fiber plants.
By Regional Analysis
Asia Pacific dominated the market and accounted for the largest revenue share of more than 62.0% in 2020. This is attributed to large area available for cultivation, considerably high rural population, and favorable climatic conditions.
China is the largest consumer of nitrogenous fertilizer in the world and accounts for one-third of the total global consumption. These fertilizers play a significant role in maintaining food security in the country by allowing a large increase in both grain and non-grain yields. Rice, wheat, barley, millets, soybeans, tomatoes, potatoes, peanuts, tea, and cotton are the key crops produced in the country.
Europe was the second-largest regional segment in terms of revenue in 2020 and is anticipated to grow with a CAGR of 5.3% in the coming years. This is attributed to the larger landmass occupied by agriculture and grasslands in the region.
Omnia Holdings Limited
Rolfes Agri (Pty) Ltd.
Eurochem Group AG
CF Industries Holdings Inc.
Koch Fertilizer, LLC
Coromandal International Limited
Notore Chemical Industries Plc
Calcium Ammonium Nitrate
Cereals & Grains
Oilseeds & Pulses
Fruits & Vegetables
Central & South America
Middle East & Africa
The Nitrogenous Fertilizer market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Nitrogenous Fertilizer market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Nitrogenous Fertilizer market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Nitrogenous Fertilizer market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Nitrogenous Fertilizer market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Nitrogenous Fertilizer capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Nitrogenous Fertilizer by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Nitrogenous Fertilizer market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Nitrogenous Fertilizer market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Nitrogenous Fertilizer market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Nitrogenous Fertilizer industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Nitrogenous Fertilizer market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Nitrogenous Fertilizer market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Nitrogenous Fertilizer market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Nitrogenous Fertilizer market. These factors have benefited the growth of the global market for Nitrogenous Fertilizer. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Nitrogenous Fertilizer. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Nitrogenous Fertilizer are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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