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Nitrogenous Fertilizers Market Trends and Forecast: Top Vendors are Coromandel International Ltd, Agrium, ICL, Bunge Ltd, CF Industries Holdings Inc., CVR Partners, Potash Corp, Sinofert Holdings Ltd., Yara International ASA, Mosaic, Eurochem, K+S and Koc
Global Nitrogenous Fertilizers Market Overview:Nitrogen is an important nutrient for all crops and plants. Despite the abundance of nitrogen in the environment, only a few plants have the capacity to absorb and use it. Nitrogen provides better texture and color to plants and promotes faster growth, which increases overall agricultural productivity. Nitrogen fertilizers are inorganic in nature and are mainly used in agriculture. It contains nitrous compounds such as ammonium sulphate, ammonium nitrate, calcium nitrate and ammonium, and other compounds in small proportions. Soil fertility determines the concentration of nitrogen fertilizer calculated by soil analysis according to the type of crop. The Haber Bosch process is the most commonly used process to produce nitrogen fertilizers. Natural gas is one of the main raw materials used in the Haber Bosch process. Other sources of raw materials include animal manure and compost, among others.
Global Nitrogenous Fertilizers Market Size:
According to Research Cosmos, The Global Nitrogenous Fertilizers Market is projected to reach USD 127.00 Billion by 2022, at a CAGR of around 2.33% from 2016.
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Drivers and Restraints:
The increase in population and the reduction of arable land have led to the use of advanced techniques and procedures for high productivity to meet growing demand. This factor determines the nitrogen fertilizer market. The improved productivity seen using nitrogen fertilizer for sugar cane, rice and maize in Asia-Pacific is driving the market growth. Intensified use of cereals in biofuel production is boosting the nitrogen fertilizer market. However, the introduction of planned organic fertilizers could hinder the growth of the nitrogen fertilizer market. However, growing demand in Asia-Pacific and other emerging economies is expected to show lucrative growth opportunities over the forecast period.
Geographical Insights:
Asia-Pacific is considered the most important market for nitrogen fertilizers due to the growth of the agricultural sector, mainly in India. The nitrogen fertilizer market is expected to grow due to increased population and public funding for the use of advanced techniques and fertilizers for high productivity to fulfill the growing demand. It is likely that the Europe and North America region will experience a steady growth regime over the forecast period due to market saturation. Latin America, the Middle East and Africa are also expected to post strong growth in the coming years due to the large rice, maize and sugarcane harvests in these regions.
Coromandel International Ltd, Agrium, ICL, Bunge Ltd, CF Industries Holdings Inc., CVR Partners, Potash Corp, Sinofert Holdings Ltd., Yara International ASA, Mosaic, Eurochem, K+S and Koch Industries Inc. are the major players of the market among others.
Browse report brief and TOC @ https://www.researchcosmos.com/reports/global-nitrogenous-fertilizers-market-analysis-and-forecast-to-2022-growth-opportunity-assessment/8782002
Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
About Us:
Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
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