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Top leading Report “Nitrogenous Fertilizers Market by Type (Urea, Ammonium Nitrate, Ammonium Sulfate, and Calcium Ammonium Nitrate), Form (Liquid and Dry), Mode of Application (Soil, Foliar, and Fertigation), Crop Type” Scenario 20224
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The global nitrogenous fertilizers market is estimated and forecasted in terms of volume (KT) and revenue (USD million) generated by the market. The nitrogenous fertilizers market has gained sustainable growth owing to rising investment in research and development in agriculture sector and increasing demand of food and production globally. However, strict government regulations, environmental constrains, and increasing demand for bio- based fertilizers are the major factors restraining the growth of the nitrogenous fertilizers market.
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Based on type, the nitrogenous fertilizers market is bifurcated into urea, ammonium nitrate, ammonium sulphate, ammonia and calcium ammonium nitrate (CAN) and others including NPK blends, potassium nitrate, diammonium phosphate (DAP), monoammonium phosphate (MAP), etc. The urea segment accounted for largest market share in 2017 and is the most widely used dry nitrogenous fertilizer. The largest share of this segment is primarily attributed to lesser cost as compared to other fertilizers and high productivity. Additionally, Urea is classified as environment-friendly fertiliser which further boosts the market. Moreover, the ammonium nitrate segment is expected to grow at a faster pace during the forecast period owing to its benefits like faster root development and rapid nutrient absorption.
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