Nitrogenous Fertilizers Market Picks up Pace Amidst Growing Population, and Surging Demand for Food

Nitrogenous fertilizers are used to enhance the quality of a crop by adding the necessary nutrients to the soil. Agricultural market players are actively adding nitrogenous fertilizers to their crops to improve the yield. In addition to this, the exponential growth in the population across the globe is surging the demand for food. To substantiate this perpetually growing demand for food, several governments are constantly incentivising the agricultural sector to boost crop production. This has translated into tremendous opportunities for the global nitrogenous fertilizers market. Major players in the market are extending their portfolios and leveraging the latest technology such as drones to perform the digital transformation of the production techniques of fertilizers. During the forecast period, the global nitrogenous fertilizers market is predicted to be lucrative with considerable adoption in agricultural production.

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Notable Growth in Agriculture Industry to Create Tailwinds for Nitrogenous Fertilizers Market Expansion

Agricultural activities are rising across the globe due to the growing consumption of agricultural products including fruits, vegetables, cotton, and cereals. Several agricultural producers are incorporating nitrogenous fertilizers to enhance their crop yield. These fertilizers provide necessary nutrition to the crops and meet the productivity demands of the market. The remarkable benefits of using fertilizers in crop production and upscaling demand for food are enabling governments to provide remunerative incentives to facilitate the growth of the agriculture sector. The growth of the agriculture industry, in turn, has accelerated the worldwide demand for nitrogenous fertilizers owing to their proven benefits. Subsequently, the nitrogenous fertilizers market is set to expand with growing demand for food and substantial productivity enhancements.

High Demand for Ammonium Nitrate to Open Avenues for Novel Growth

Urea is the most affordable nitrogenous fertilizer which easily dissolves in water. Such traits of urea are projected to drive its demand in the plant nutrition business across the globe. Besides, the countries with abundant natural gas are among the most prominent exporters of urea. On the other end, the demand for ammonium nitrate/UAN has exhibited a remarkable boost in demand. These nitrate-based fertilizers are highly efficient and produce less greenhouse gas emissions in comparison to other fertilizers. An appropriate blend of nitrogen and ammonium facilitates an effective balance of nitrogen in plant nutrition, elevating the demand for ammonium nitrate fertilizers. The demand for urea and ammonium nitrate fertilizers is expected to create headways for the holistic growth of the nitrogenous fertilizers market globally.

Soaring Demand for Food Propels Asia Pacific to Market Leadership Position

The extensive availability of agricultural land and desirable climatic conditions are creating lucrative opportunities across the nitrogenous fertilizers market in the Asia Pacific (APAC). Furthermore, a sizeable rural population, rising demand for food, and growing emphasis on food security are expected to expand the growth of the regional market. Notably, some of the leading international nitrogen fertilizer manufacturers are beginning to set up their manufacturing units in Asian countries. During the forecast period, the market in APAC is anticipated to flourish due to the region's growing population and economic expansion.

Key Market Players

Most prominent players operating in the global nitrogenous fertilizers market include EuroChem Group AG, Yara International ASA, Koch fertilizer LLC, CF Industries Holdings, and Nutrien [Agrium (Canada), and Potash Corp. of Saskatchewan (Canada)].

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Global Nitrogenous Fertilizers Market is Segmented as Below:

By Type
• Urea
• Ammonium Nitrate
• Ammonium Sulfate
• Calcium ammonium nitrate (CAN)
• Others (NPK blends, potassium nitrate, diammonium phosphate (DAP), monoammonium phosphate (MAP), and other nitrogen & phosphate compounds)

By Crop Type
• Cereals & grains
• Oilseeds & pulses
• Fruits & vegetables
• Others (floriculture crops, permanent crops, plantation crops, pastures, grasslands, and other agricultural cultivation)

By Application, the market has been segmented as follows:
• Soil
• Foliar
• Fertigation
• Others (aerial application, basal application, and starter solution)

By Form
• Liquid
• Dry
• Others (granular and pelleted)

By Region
• North America
• Europe
• Asia Pacific
• LAMEA

COVID-19 Impact and Projected Recovery - Global Nitrogenous Fertilizers Market

The report offers an insightful view of how the global pandemic situation has influenced the dynamics of global nitrogenous fertilizers market. Considering the impact of viral outbreak on the various market segments, and regions, the report provides an extensively researched information about the market has performed and transformed through the past couple of years. It further provides an accurate forecast of the nitrogenous fertilizers market recovery post-pandemic through 2021, 2022, and beyond.

The ToC Covers Some of the Most Strategic Points-

• Product and market introduction, driving factors, potential market risk(s), market overview, and potential market opportunities in global nitrogenous fertilizers landscape
• Evaluation of the leading manufacturers, and prominent players active in global nitrogenous fertilizers - sales, revenue, pricing, and supply-demand dynamics
• Competitive analysis covering key manufacturers in terms of sales, revenue, and respective market shares
• Regional analysis of global nitrogenous fertilizers market in terms of respective market shares, revenue, and sales over the projected period
• Evaluation of nitrogenous fertilizers market by segments, by countries, and by manufacturers in terms of sales, and respective revenue shares by key countries across the various regions

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