Nitrogenous Fertilizer Market revenues to obtain US$ 100,304.42 million by 2027

According to our latest market study on "Nitrogenous Fertilizer Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Type (Urea, Ammonium Nitrate, Ammonium Sulfate, Ammonia, Calcium Ammonium Nitrate, and others), Form (Dry and Liquid), Crop Type (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, and Others), Mode of Application (Soil, Foliar, and Fertigation), and Geography," The nitrogenous fertilizer market was valued at US$ 72,537.57 million in 2018 and is expected to grow at a CAGR of 3.7% from 2019 to 2027 to reach US$ 100,304.42 million by 2027. The report highlights key factors driving the market growth and prominent players along with their developments in the market.

Nitrogen fertilizer is produced by utilizing nitrogen from the air and is, then, exposed to complex chemical reaction. Nitrogen is used to promote the growth of crops and offers better texture and color to plants and, thus, helps to improve agricultural productivity. The Haber Bosch process is considered to be the most preferred technique used for the production of nitrogenous fertilizers Market. Natural gas is one of the significant raw materials, which is used in the Haber Bosch process along with other forms of raw materials such as animal manure and compost, among others. The increase in population has surged the demand for food security and, thus, drives the need to use such fertilizers to supply essential nutrients in soil to promote the soil quality, ultimately, leading to higher yields.

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A few players operating in the nitrogenous fertilizer market are Bunge Limited, CF Industries Holdings, Inc., EuroChem Group, Koch Fertilizer, Llc, Nutrien Ltd.,and OCI Nitrogen. The key companies implement the mergers and acquisitions, and research and development strategies to expand customer base and gain significant share in the global market, which also allows them to maintain their brand name globally.

Market Insights

Growth of Commercial Agriculture

Commercial agriculture is basically defined as cultivating crops to sell the produce for profit in the domestic or export market. Commercial farming has reformed and initiated a gradual evolution in the agriculture sector. Rise in population coupled with use of improved technology and better infrastructural facilities have positively impacted the growth of commercial farming. The developments in agricultural industry have laid the foundation for adopting technology and use of high quality of fertilizers to boost the yield such as nitrogen based fertilizers. Thus, the growth of commercial agriculture would further entail the increasing demand for nitrogenous fertilizers. For instance, the introduction and use of coated urea coupled with increased demand for fertilizers with blended N, P and K and adoption of coated fertilizer with yeast has gained prominence in agricultural industry to improve soil fertility. At present, the majority of agricultural operations deploy the use of advanced machinery and sophisticated technologies. For instance, the use of soil sensors and drones has become an essential part of large-scale farming, and vertical farming is expected to make multiple strides by harvesting crops without the use of sunlight or soil.

Product Insights

Based on application, is segmented into urea, ammonium nitrate, ammonium sulfate, ammonia, calcium ammonium nitrate, and others. The urea segment accounted for the largest share of the global market in 2018, whereas the market for ammonium sulfate is expected to grow at the highest CAGR during the forecast period. One of the first solid nitrogen sources manufactured on a large scale capacity is ammonium nitrate. Ammonium nitrate fertilizer is very volatile nature, which makes it beneficial in specific industries. Ammonium nitrate is nearly colorless crystal salt and odorless. Application of ammonium nitrate in gardens and large scale agricultural fields improves plant growth and provides a supply of nitrogen from which plants can draw. Ammonium nitrate fertilizer is a simple compound to produce. It is produced when ammonia gas reacts with nitric acid. The chemical reaction forms a concentrated formula of ammonium nitrate, which produces prodigious amounts of heat. As a fertilizer, the compound is smeared as granules, and fused with ammonium sulfate to lessen the volatile nature of the compound.

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Application Insights

Based on crop type, is segmented into cereals and grains, oilseeds and pulses, fruits and vegetables, and others. The cereals and grains segment accounted for the largest share of the market in 2018, whereas the oilseeds and pulses segment is expected to register the highest CAGR during the forecast period. All oilseed and pulses crops require nitrogen in moderately large amounts. Nitrogen is the most limiting nutrient in oilseed and pulses production all over the globe. Crops normally take up most of their nitrogen from the soil in the form of nitrate nitrogen. When soil nitrogen levels are adequate, nitrogen promotes dynamic growth and a larger leaf area with a dark green color. Soil analysis is very useful in estimating the nitrogen fertilizer requirement. The rising demand for oils and pulses all over the globe has been one of the major contributing factors for the expansion of the nitrogenous fertilizers. The increasing inclination of people towards a healthy lifestyle has promoted to the increasing consumption of oilseeds and pulses, owing to its health benefits. Thus all these factors have fueled the demand for the nitrogenous fertilizers market and also contributed to the expansion of the market all over the globe.

Nitrogenous Fertilizer Market- by Type

Urea
Ammonium Nitrate
Ammonium Sulfate
Ammonia
Calcium Ammonium Nitrate
Others

Nitrogenous Fertilizer Market – by Form

Dry
Liquid

Nitrogenous Fertilizer Market – by Crop Type

Cereals and Grains
Oilseeds and Pulses
Fruits and Vegetables
Others

Regional and Country-wise Analysis: Global Nitrogenous Fertilizer Market

- North America (U.S., Canada, Mexico)

- Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS)

- Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)

- Latin America (Brazil, Rest of L.A.)

- The Middle East and Africa (Turkey, GCC, Rest of Middle East)

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Key points from Table of Content:

1. Introduction

2. Key Takeaways

3. Research Methodology

4. Nitrogenous Fertilizer Market Landscape

5. Global Nitrogenous Fertilizer Market - Key Industry Dynamics

6. Nitrogenous Fertilizer - Global Market Analysis

7. Nitrogenous Fertilizers Market Analysis – By Type

8. Nitrogenous Fertilizers Market Analysis – By Form

9. Nitrogenous Fertilizers Market Analysis – By Crop Type

10. Nitrogenous Fertilizers Market Analysis – By Mode of Application

11. Nitrogenous Fertilizer Market - Geographic Analysis

12. Impact of COVID-19 Pandemic on Global Nitrogenous Fertilizer Market

13. Industry Landscape

14. Company Profiles

15. Appendix

LIST OF TABLES

LIST OF FIGURES

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