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Nitrogen Nutrients Market is Anticipated To Generate Significant Revenues By 2024
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The market for nitrogen nutrients is bifurcated by source into the natural and man-made categories. Natural sources for nitrogen nutrients are further divided into animal by-products and plant-derived materials. The former include compost manure, poultry manure, blood meal, fish emulsion, and crab meal, whereas plant-derived materials comprise alfalfa meals, soybean meals, and cottonseed meals.
Man-made sources usually include fertilizers, soil amendments, and soil supplements, as well as processed mineral salts such as Chilean nitrate. However, prolonged usage of minerals may damage water tables due to high leaching. Yet, fertilizers remain a significant source of nitrogen nutrient for plants and agriculture. More than 70% of demand for plant nutrients is satisfied by fertilizers globally, of which a significant share is accounted by urea.
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Key players in the nitrogen nutrients market include T.STANES & COMPANY LIMITED, K+S AKTIENGESELLSCHAFT, Agrium Inc., CF Industries, Belaruskali, Mosaic, and PotashCorp.
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