Nitrogenous Fertilizers Market Insight | Key Players Include - Agrium Inc., Koch Industries Inc. (U.S.), Yara International ASA
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The ammonium nitrate segment is projected to be the fastest-growing from 2016 to 2022
The ammonium nitrate segment is projected to grow at the highest CAGR from 2016 to 2022.Ammonium nitrate is the most effective means of increasing crop yield and has major impact in the productivity of the crop. The increase in awareness with regard to ammonium nitrate in the soil is driving the demand for this segment.
The fruits & vegetables segment is projected to grow at a significant rate during the forecast period
Fruits & vegetables are highly sensitive to the deficiencies of nutrients in the soil. These crops are of high value. The increased demand for fruits & vegetables and their sensitivity toward nutrients is driving the fruits & vegetables segment.
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The South American region is projected to grow at a significant rate from 2016 to 2022
The South American region is projected to grow at the highest CAGR during the forecast period, owing to the factors such as growth in population, rise in disposable incomes, progressive urbanization, and increase in demand for nutritional food products that in turn drive the demand for agricultural products. Growth is majorly witnessed in China, India, and Japan owing to the increase in the purchasing power of the population.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies, such as Yara International ASA (Norway), Agrium Inc. (Canada), Coromandel International Limited (India), Potash Corp. of Saskatchewan Inc. (Canada), and Koch Industries Inc. (U.S.).
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