Nitrogenous Fertilizer Market Business Drivers, Top Companies and Competitive Analysis

Nitrogenous Fertilizer Industry Overview

The global nitrogenous fertilizer market size is estimated to reach USD 94.02 billion by 2030 according to a new report by Grand View Research, Inc. Growth can be attributed to the increasing awareness amongst farmers regarding maintaining nutritional balance in the soil. Increasing population across the globe has generated the need to improve the annual crop yield to feed the population, which has boosted the agriculture sector across the globe.

Hydrogen and nitrogen are the major raw materials used for manufacturing nitrogenous fertilizers. Nitrogen is required in large quantities by plants and is the primary nutrient in fertilizers. Hydrogen is a crucial component of ammonia, which is an important ingredient in numerous fertilizers. Nearly all commercial-scale ammonia incorporates nitrogen and hydrogen. Raw material Availability impacts nitrogenous fertilizer prices and production.

Nitrogenous Fertilizer Market Segmentation

Grand View Research has segmented the global nitrogenous fertilizer market report based on the product, application, and region:

Based on the Product Insights, the market is segmented into Urea, Methylene Urea, Ammonium Nitrate, Ammonium Sulfate, Ammonia, Calcium Ammonium Nitrate, and Others

• The urea product segment accounted for the highest share of over 33% in terms of revenue in 2021. The nitrogenous fertilizer market growth is attributed to the presence of the higher amount of nitrogen and lower costs of urea.
• The ammonia product segment stood in the second position in 2021 accounting for around 18% of the revenue share. The growth is attributed to higher leaching loss resistance and excellent solubility.

Based on the Application Insights, the market is segmented into Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others

• The cereals & grains segment held the highest revenue share of over 44% in 2021. The growth is attributed to the maximum care required by cereals & grains crops for producing higher yields and generating higher profitability for the farmers and the overall agriculture industry.
• The oilseeds & pulses held the second position in the application segment and is anticipated to reach a CAGR of 5.6% during the forecast period in terms of revenue. The growth is attributed to the requirement of improving the percentage of germination of seeds and also obtaining dense pulse canopies.

Nitrogenous Fertilizer Regional Outlook

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

The players in the market are largely focusing on developing advanced nitrogenous fertilizers having sustainable qualities. Various factors having a huge impact on the growth of the market include manufacturing technology, product portfolio, regulatory approvals, and pricing. Local players in the market are majorly focusing on retaining their respective customers by offering customized services to the farmers.

Several manufacturers in the Asia Pacific region are also focusing on expanding their manufacturing capacities owing to the increasing adoption of agrochemicals in some countries including India and China. Players are inclined towards escalating investments for serving the increasing product demand all over the world.

For example, CF Industries Holdings, Inc. has declared a large investment of around USD 41.4 Million for enhancing nitric acid production at the biggest nitrogen fertilizer facility across the globe located in Donaldsonville, Louisiana.

Some prominent players in the global Nitrogenous Fertilizer market include:

• 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

Order a free sample PDF of the Nitrogenous Fertilizer Market Intelligence Study, published by Grand View Research.

Nitrogenous Fertilizer Market Segmentation By Top Players, Regions, and Applications, 2022

Global Nitrogenous Fertilizer Market is anticipated to witness an exponential growth in the forecast period. Nitrogenous fertilizers serve as an important source of nitrogen to the agricultural crops. Nitrogen is very important for the growth and development of plants. The factors that propel the growth of the market include growth in demand for micronutrient fertilizer, technological innovations in the fertilizer industry and growing demand for bio-based fertilizer. On the other hand, there are factors that may hamper the growth of the market including high production cost, low crop prices, and regulatory and environmental constraints. Globally, the market is anticipated to grow at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.

The market may be explored by type, crop type, application, form, and geography. Market may be explored by type as Calcium ammonium nitrate (CAN), Urea, Ammonium sulfate, Ammonium nitrate, and Other nitrogenous fertilizers (potassium nitrate, NPK blends, monoammonium phosphate (MAP), diammonium phosphate (DAP), and other phosphate & nitrogen compounds). The “Urea” segment led the nitrogenous fertilizer market in 2015 and will continue to lead in the forecast period. The Urea segment is likely to be followed by ammonium sulfate during the forthcoming period.

Based on crop type, the market could span Fruits & vegetables, Cereals & Grains, Oilseeds & pulses and other crops (floriculture crops, grasslands, permanent crops, plantation crops, pastures, and other agricultural cultivation). The “Fruits & Vegetables” segment led the market in 2015 and will continue to lead in the forecast period. The key factors that may be attributed to the growth of market include increased production and high demand.

The key applications that could be explored in the nitrogenous fertilizer market include Foliar, Soil, and Fertigation. The “Fertigation” segment led the market in 2015 and will continue to lead in the forecast period. The key factor that may be attributed to the growth of market includes high acceptance of the fertigation method.

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The market could be explored based on form as Dry and Liquid. The “Dry” segment led the market in 2015 and will continue to lead in the forecast period. The key factors that may attributed to the growth of market include cost-effectiveness and easy application and handling.

Asia-Pacific accounted for the major share of the nitrogenous fertilizer market in 2016 and will continue to lead in the forecast period. The factors that could be attributed to the growth include growing agricultural sector mainly in India, increasing population, and government funding to use developed techniques and advanced fertilizers for high productivity in order to meet the growing demand.

Some of the key players that fuel the growth of the nitrogenous fertilizer market comprise Coromandel International Ltd., Yara International ASA, Eurochem and Potash Corp of Saskatchewan, CF Industries Holdings Inc., Agrium Inc., Bunge Ltd., KOCH Industries Inc., CVR Partners, and Sino Fert Holdings Ltd. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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