The nitrogenous fertilizer global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Nitrogenous Fertilizer Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The nitrogenous fertilizer market size has grown strongly in recent years. It will grow from $73.41 billion in 2023 to $79.16 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to population growth, growth in agricultral sector, farming mechanization, government subsidies, economic growth.
The nitrogenous fertilizer market size is expected to see strong growth in the next few years. It will grow to $109.37 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to rise in global food security, rising adoption of precision agriculture, rising crop rotation practices, infrastructure development. Major trends in the forecast period include customized fertilizer blends, carbon sequestration, nutrient management, organic and natural fertilizers.
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Scope Of Nitrogenous Fertilizer Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Nitrogenous Fertilizer Market Overview
Market Drivers –
The increasing demand for fertilizers is driving the growth of the nitrogenous fertilizers market. Fertilizers are a substance that contains chemical components that help plants grow and produce more. The demand for fertilizers is constantly increasing, as it has potential to restore chemical elements that previous crops removed from the soil or increase the land’s inherent fertility. Nitrogenous fertilizers are the most commonly used source of plant nitrogen nutrition. For instance, in 2022, according to the United Nations Environment Program’s report on “”Environmental and health impacts of pesticides and fertilizers and ways of minimizing them,”” over the past few decades, pesticide and fertilizer demand, production, and consumption have increased significantly globally. By 2025, combined global sales are anticipated to expand around 4.1%, totaling USD 309 billion. Therefore, the rise in demand for fertilizers is expected to boost the demand for nitrogenous fertilizers market during the forecast period.
The nitrogenous fertilizer market market covered in this report is segmented –
1) By Type: Urea, Ammonium Nitrate, Ammonium Sulfate, Calcium ammonium nitrate (CAN), Others Types
2) By Crop Type: Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Others Crops
3) By Form: Dry, Liquid
4) By Application: Soil, Foliar, Fertigation, Other Applications
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Regional Insights –
Asia-Pacific was the largest region in the nitrogenous fertilizers market in 2023, and it is expected to be the fastest-growing region in the forecast period. The regions covered in the nitrogenous fertilizer market market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the nitrogenous fertilizer market market include Sorfert Algeria Spa, OCI NV, Nutrien Ltd., Yara Fertilisers India Pvt Ltd., Central Farmers Fertilizer Company, Compo Expert Gmbh, Coromandel International Ltd., EuroChem Group AG, Indian Farmers Fertilizer Cooperative Ltd., Koch Industries Inc., Saudi Basic Industries Corp, Wilbur-Ellis LLC, Terra Nitrogen Company L.P., LSB Industries Inc., Shandong Hualu Hengsheng Chemical Co Ltd., Agrium Inc., Potash Corporation of Saskatchewan Inc., AgroLiquid, Agrofert Holding AS, Bunge Ltd., Fertiberia Sociedad Anonima, Haifa Chemicals Ltd., Israel Chemicals Ltd., Kali und Salz GmbH, The Mosaic Company, PhosAgro, Sinochem Hong Kong Holdings Ltd.
Table of Contents
1. Executive Summary
2. Nitrogenous Fertilizer Market Report Structure
3. Nitrogenous Fertilizer Market Trends And Strategies
4. Nitrogenous Fertilizer Market – Macro Economic Scenario
5. Nitrogenous Fertilizer Market Size And Growth
…..
27. Nitrogenous Fertilizer Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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