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Nitrogenous Fertilizer Market Expected To Grow $109.37 Billion In 2028 At CAGR Of 8.4%
Nitrogenous Fertilizer Market Report
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the nitrogenous fertilizer industry. This report on nitrogenous fertilizer market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The nitrogenous fertilizer market size has grown strongly in recent years. It will grow from $73.41 billion in 2024 to $79.16 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%.
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%.
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Key Market Players:
Sorfert Algeria Spa, OCI NV, Nutrien Ltd., Yara Fertilisers India Pvt Ltd., Central Farmers Fertilizer Company are prominent players in the nitrogenous fertilizer industry.
Market Drivers:
According to the Nitrogenous Fertilizer Market Report 2024 by The Business Research Company, the key factors driving the growth of the nitrogenous fertilizer market, includes the increasing demand for fertilizers. 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.
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Market segments for nitrogenous fertilizer include:
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
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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