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Nitrogenous Fertilizer Market By Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Others), By Application (Soil, Foliar, Fertigation, Others), By Form (Liquid, Dry, Others), and By Region - Global Industry Insights, Growth, Size, Share, Comparative Analysis, Trends and Forecast 2022 – 2028

Covid-19

Global Nitrogenous Fertilizer Market Size, Share

The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample

Industry Insights

[210+ Pages Report] According to Facts and Factors, the global nitrogenous fertilizer market was valued at USD 58.03 billion in 2021 and is predicted to increase at a CAGR of 4.05% to USD 74.90 billion by 2028. The study examines the market in terms of revenue in each of the main regions, which are classified into countries.

logoMarket Overview

One of the most important elements for plant growth is nitrogen. It exists naturally in the environment, but only a few plants can absorb it. As a result, it is provided to plants synthetically in the form of nitrogenous fertilizers. On the global market, urea, ammonia, ammonium sulfate, calcium ammonium nitrate, and a few other nitrogenous fertilizers are available in various nutritional value proportions. Nitrogenous fertilizers are commonly used in agricultural products like fruits, vegetables, cereals, and cotton. Crop production levels are heavily influenced by climate changes, which in turn alter crop demand and supply according to season. Fertilizers are essential components in agricultural methods that help crops grow faster.

The demand for nitrogenous fertilizers has been increasing in the agriculture business in order to supply optimum nutrition to food crops and hence increase yield. The use of nitrogenous fertilizers in agricultural production is becoming increasingly important in emerging economies around the world. Farmers in underdeveloped countries are learning more about how to handle chemicals correctly. Local businesses are also involved in offering sales services for technologies and crop nutrient requirements.

The world's growing population and shrinking arable land are two of the primary factors driving the market growth. Another key growth-inducing aspect is the establishment of favorable government policies encouraging the use of sophisticated fertilizers for increased yield. The expanding usage of these fertilizers for improved soil fertility and increased yield of crops such as corn, rice, and sugarcane has resulted in a large increase in crop demand to meet the fast-increasing global population. Furthermore, the scarcity of arable land as a result of increasing urbanization and industrialization is increasing the use of these fertilizers to maximize productivity. Other factors, such as rising demand for grain-based biofuels and intensive research and development (R&D) operations to develop more efficient and environmentally friendly variations, are expected to boost the market's prospects.

Global Nitrogenous Fertilizer Market

logoImpact of COVID – 19

COVID-19 has had an impact on all of the processes that connect all of the operations and link farm products to final consumers. Agricultural inputs such as fertilizer, seed, and insecticides have been in short supply for farmers. China is one of the world's largest fertilizer manufacturers and exporters. The Chinese embargo had a significant impact on the international fertilizer trade. When China's lockdown began, it had a significant impact in terms of production reduction due to manpower shortages and transportation issues, resulting in stockpiling. Prices are at an all-time low, stockpiles are huge, and demand in producing countries is uncertain.

The complete research study looks at both the qualitative and quantitative aspects of the Nitrogenous Fertilizer market. Both the demand and supply sides of the market have been investigated. The demand side study examines market income in various regions before comparing it to all of the major countries. The supply-side research examines the industry's top rivals, as well as their regional and global presence and strategies. Each major country in North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America is thoroughly investigated.

logoSegmentation Analysis

The global Nitrogenous Fertilizer market is segregated based on crop type, application, and form.

Based on the crop type, the cereals and grains segment made up the majority of income. This is due to the extreme care that these crops require in order to produce high yields and maximize profitability for farmers and the agriculture industry as a whole. For cereals and grains, nitrogenous fertilizers such as anhydrous ammonia, ammonium nitrate, and urea are chosen since the required quantity of these nitrogenous fertilizers is smaller to assure an adequate supply of nitrogen for maximum plant growth. The oilseeds and pulses segment was the second-largest application segment, with the highest revenue CAGR expected throughout the forecast period. This can be attributable to the need to increase seed germination rates and ensure the optimal formation of dense pulse canopies.

Based on the form, the liquid segment dominates the market over the forecast period. In comparison to liquid nitrogenous fertilizers, dry nitrogenous fertilizers are commonly employed because they are readily available and inexpensive. Besides that, farmers are becoming more aware of the benefits of liquid nitrogenous fertilizers, such as their stability and increased effectiveness for crop absorption. As a result, demand for liquid nitrogenous fertilizers has increased.

logoReport Scope

Report Attribute

Details

Market Size in 2021

USD 58.03 Billion

Projected Market Size in 2028

USD 74.90 Billion

CAGR Growth Rate

4.05% CAGR

Base Year

2021

Forecast Years

2022-2028

Key Market Players

Yara International ASA (Norway), CF Industries Holdings (US), Nutrien Agrium (Canada) Potash Corp. of Saskatchewan (Canada), EuroChem Group AG (Switzerland), and Others

Key Segment

By Crop Type, Application, Form, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

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logoRegional Landscape

The market was dominated by the Asia Pacific, which accounted for the majority of revenue. This is due to the vast amount of cultivable land available, the large rural population, and favorable climatic conditions. Due to rising demand and a greater emphasis on food security, major global nitrogen fertilizer manufacturers have established manufacturing facilities in Asian countries.

China is the world's largest nitrogen fertilizer consumer, accounting for one-third of global consumption. These fertilizers significantly contribute to the country's food security by allowing for significant increases in grain and non-grain yields. Rice, wheat, barley, millets, soybeans, tomatoes, potatoes, peanuts, tea, and cotton are the country's main crops.

logoList of Key Players in the Global Nitrogenous Fertilizer Market:

  • Yara International ASA (Norway)
  • CF Industries Holdings (US)
  • Nutrien Agrium (Canada)
  • Potash Corp. of Saskatchewan (Canada)
  • EuroChem Group AG (Switzerland)

The global nitrogenous fertilizer market is segmented as follows;

logoOn the basis of Crop Type

  • Cereals & Grains
  • Oilseeds & Pulses
  • Fruits & Vegetables
  • Others (Floriculture Crops, Permanent Crops, Plantation Crops, Pastures, Grasslands, and Other Agricultural Cultivation)

logoOn the basis of Application

  • Soil
  • Foliar
  • Fertigation
  • Others (Aerial Application, Basal Application, and Starter Solution)

logoOn the basis of Form

  • Liquid
  • Dry
  • Others (Granular and Pelleted)

logoOn the basis of Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic Countries
      • Denmark
      • Sweden
      • Norway
    • Benelux Union
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

Covid-19

Nitrogenous Fertilizer Market

The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample

Industry Major Market Players

  • Yara International ASA (Norway)
  • CF Industries Holdings (US)
  • Nutrien Agrium (Canada)
  • Potash Corp. of Saskatchewan (Canada)
  • EuroChem Group AG (Switzerland)

Frequently Asked Questions

The global nitrogenous fertilizer market is predicted to increase at a CAGR of 4.05% during the forecast year.
The global nitrogenous fertilizer market is expected to reach USD 74.90 Billion by 2028, growing at a CAGR of 4.05% in between 2022 to 2028.
Some of the key factors driving the global nitrogenous fertilizer market growth includes farmers' growing understanding of soil profile & nutritional balance, as well as the growing popularity of commercial agriculture around the world, low-cost fertiliser production, and increased demand for agrochemicals.
Asia Pacific region is expected to witness maximum growth for global nitrogenous fertilizer market during forecast period
Some of the major companies operating in the global nitrogenous fertilizer market are Yara International ASA (Norway), CF Industries Holdings (US), Nutrien [Agrium (Canada), Potash Corp. of Saskatchewan (Canada), EuroChem Group AG (Switzerland), and among others.
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