Nitrogenous Fertilizer Market Forecasts to 2028 – Global Analysis By Type, Crop Type, Application (Aerial, Basal, Fertigation, Foliar, Soil, Starter Solution) and By Geography
According to Stratistics MRC, the Global Nitrogenous Fertilizer Market is accounted for $130.33 billion in 2020 and is expected to reach $181.12 billion by 2028 growing at a CAGR of 4.2% during the forecast period. Rising awareness about soil profile & nutritional balance and need to increase productivity and to level yield & fertilizer intensity gaps are the major factors propelling the market growth. However, environmental concerns and increasing trend of organic consumption are hampering the market growth.
Nitrogenous fertilizers take the foremost place among fertilizers since the deficiency of nitrogen in the soil is the foremost and crops respond to nitrogen better than to other nutrients. More than 80 per cent of the fertilizers used in this country are made up of nitrogenous fertilizers, particularly urea. Nitrogenous fertilizers are the most important anthropogenic sources of nitrogen compounds in the environment. Nearly all the nitrogenous fertilizers are highly amenable to losses and most of the crops required nitrogen during their entire growth duration, application in splits is necessary to ensure maximum utilization of fertilizer by crop plants.
Based on crop type, the cereals & grains segment is going to have a lucrative growth during the forecast period owing to the growing demand from food and animal feed industries. Shrinking farmland and growing demand for food crops such as wheat, maize, rice, barley, and oats, are boosting the demand for agricultural chemicals. Among the cereals consumed globally, wheat is the largest consumer of nitrogen-based soil nourishers followed by barley. Nitrogen is applied to cereals and grains in the form of soil additives or sprinklers.
By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the advancements in farming methods along with the presence of large agricultural lands. The region is home to various emerging economies including China, India, Indonesia, Philippines, Malaysia, and Thailand. Asian countries have a large area available for cultivation, considerably high rural population, and favourable climatic conditions. The region is anticipated to witness the highest growth for nitrogenous fertilizers in terms of revenue and volume. Prominent global manufacturers of nitrogenous fertilizers have set up their production units in Asian countries on account of rising demand and increasing focus on food security.
Some of the key players profiled in the Nitrogenous Fertilizer Market include Bunge, CF Industries Holdings, Coromandel International Ltd, EuroChem Group AG, Hellagrolip, ICL Fertilizers, Koch Industries, Nutrien, OCI Nitrogen, SABIC Group, Sinofert, Sinofert Holdings Limited, TogliattiAzot, UralChem JSC, and Yara International ASA.
Estimated Market Size in 2020:
USD 130.33 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 181.12 billion
Tables, Graphs& Figures
Type, Crop Type, Form, Application and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Ammonium Nitrate
• Ammonium Sulfate
• Calcium Ammonium Nitrate (CAN)
• Diammonium Phosphate (DAP)
• Monoammonium Phosphate (MAP)
• Nitrogen, Phosphorous and Potassium (NPK) Blends
• Potassium Nitrate
Crop Types Covered:
• Cereals & Grains
• Floriculture Crops
• Fruits & Vegetables
• Oilseeds & Pulses
• Permanent Crops
• Plantation Crops
• Turf and Ornamentals
• Starter Solution
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Nitrogenous Fertilizer Market is majorly driven by rising awareness about soil profile & nutritional balance and rising input demand as a result of increasing investment in agriculture.
The cereals & grains segment is growing at a highest CAGR owing to the increasing inclination from food and animal feed industries.
Asia Pacific dominated with a significant market share due to the factors such as advancements in farming methods along with the presence of large agricultural lands, considerably high rural population, and favorable climatic conditions across the region.
Europe market is growing at a highest CAGR owing to the huge variety of crops grown across different countries in the region.
Key players in Nitrogenous Fertilizer Market include Bunge, CF Industries Holdings, Coromandel International Ltd, EuroChem Group AG, Hellagrolip, ICL Fertilizers, Koch Industries, Nutrien, OCI Nitrogen, SABIC Group, Sinofert, Sinofert Holdings Limited, TogliattiAzot, UralChem JSC, and Yara International ASA.
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