Global Nitrogenous Fertilizers Market
Report Highlights
Global Nitrogenous Fertilizers Market
By Crop type (Oilseeds & Pulses, Cereals & Grains, Fruits and vegetables), By Mode of application (Foliar, Fertigation, Soil), By type (Ammonium Nitrate, Calcium Ammonium Nitrate (CAN), Ammonium Sulfate), By Form (Liquid, Dry, Others), By Region (North America, Europe, South America, Asia Pacific, Rest of World).
Market Overview:
The Global Nitrogenous Fertilizers Market was valued at USD 107.98 billion in 2016 and is projected to reach USD 131.46 billion by 2025, growing at a CAGR of 2.21% from 2017 to 2025.
Nitrogen is one of the most important nutrients for the growth and development of all crops. It helps in providing better texture and color to the plants which in turn helps in better and faster growth. Nitrogenous fertilizers are inorganic and are majorly used in the agricultural industry. These contain nitrous compounds such as ammonium nitrate, calcium ammonium nitrate and many more in very small proportions. The fertility of soil is calculated by soil tests depending on the type of crop.
Market Dynamics:
1. Market Drivers
1.1 Increasing awareness about nutritional balance and soil profile.
1.2 Need to increase the productivity level.
2. Market Restraints
2.1 High rise in Trend of Organic Consumption
Market Segmentation:
The Global Nitrogenous Fertilizers Market is segmented on thebasis of Crop Type, Mode of Application, Type, Form and Region.
1. By Crop type:
1.1 Oilseeds & Pulses
1.2 Cereals & Grains
1.3 Fruits & Vegetables
1.4 Others
2. By Mode of Application:
2.1 Foliar
2.2 Fertigation
2.3 Soil
2.4 Others
3. By Type:
3.1 Ammonium Nitrate
3.2 Ammonia
3.3 Calcium Ammonium Nitrate (CAN)
3.4 Ammonium Sulfate
3.5 Urea
3.6 Others
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
5. By Form:
5.1 Liquid
5.2 Dry
5.3 Other forms.
Competitive Landscape:
The major players in the market are as follows:
1. Bunge Limited
2. Yara International ASA
3. Eurochem Group AG
4. Sinofert Holdings Limited.
5. CVR Partners, LP
6. Koch Industries, Inc.
7. Coromandel International Ltd.
8. CF Industries Holdings Inc.
9. Potash Corp. of Saskatchewan, Inc.
10. Agrium Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Nitrogenous Fertilizers Marketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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