Nitrogen Fertilizer Market 2023-2030: Latest Research Report to Share Market Insights and Dynamics of Profiled Key Players

Growing health awareness globally has driven the demand for pulses owing to their dietary protein content. Pulses can convert and utilize the atmospheric nitrogen and hence consume less volume of fertilizers compared to the other crops. Both these crops have a demand-supply gap, as their annual yield does not meet the global requirement. These factors are anticipated to increase the usage of nitrogen fertilizers for the production of oilseeds & pulses.

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Allied Market Research published a new report, titled, "Nitrogen Fertilizer Market by Type (Urea, Ammonium Nitrate, Ammonium Sulfate, Calcium Ammonium Nitrate, and Others), Form (Liquid, Dry, and Others), and Application (Soil, Foliar, Fertigation, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030" The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

The rising population and decreasing arable land across the globe are among the key factors driving the growth of the market. Furthermore, the implementation of favorable government policies promoting the usage of advanced fertilizers for higher yield is another major growth-inducing factor. There has been a significant increase in the crop demand also to cater to the rapidly increasing global population, which has consequently led to the growing adoption of these fertilizers for improved soil fertility and enhanced yield of crops, such as corn, rice and sugarcane. In addition to this, the shortage of arable land, owing to growing urbanization and industrialization

This makes it important to understand the practical implications of the nitrogen fertilizer market. To gain a competitive advantage, the players must have something unique. By tapping into the untapped market segment, they can establish a relevant point of differentiation, and this report offers an extension analysis of untapped segments to benefit the market players and new entrants to gain the market share.

KEY MARKET PLAYERS:

The report provides the SWOT analysis of the key market players including Nutrien, Koch Industries, Yara International, OCI Nitrogen, and CF Industries Holdings, Inc, ICL Fertilizers, EuroChem Group AG, Sinofert Holdings Limited, and Coromandel International Ltd. which gives the business overview, financial analysis, and portfolio analysis of products and services. The latest news related to industry developments in terms of market expansions, acquisitions, growth strategies, joint ventures, collaborations, product launches, market expansions etc. are included in the report for the better understanding of the stakeholders in framing strategic decisions to gain long term profitability and market share.

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Cereals and grains are the leading application segment in the market owing to the growing demand from food and animal feed industries. Shrinking farmland and growing demand for food crops such as wheat, maize, rice, barley, and oats, are boosting the demand for agricultural chemicals. Among the cereals consumed globally, wheat is the largest consumer of nitrogen-based soil followed by barley.

NEED FOR THE REPORT:

The current situation of pandemic makes it very important for the stakeholders in the nitrogen fertilizer market to understand the market deeply, which will help them in taking sound decisions, to gain the competitive advantage. By exploring the unexplored areas of market, the key players can surely gain a larger market share.

Urea is the most widely used nitrogenous fertilizer across the world, primarily because of the high nitrogen content (46%). China and India are the largest producers and consumers of urea in the world. The major exporters of urea are countries rich in natural gas, especially those in the GCC region. Over the course of the forecast period, the regional demand for urea is projected to increase in all regions, except Europe, with Latin America, South Asia, and Southeast Asia being the largest contributors.

KEY OFFERINGS OF THE REPORT:

Key drivers & Opportunities: An extensive analysis on key factors and opportunities available in different segments for strategizing.

Current trends & forecasts: A comprehensive analysis on latest trends, and forecasts for next few years to frame strategic decisions as a next step.

Segmental analysis: An extensive analysis of each segment and driving factors such as revenue and growth rate is offered.

Regional Analysis: A thorough analysis of each geographic region can help market players devise expansion strategies and gain from the opportunity.

Competitive Landscape: Useful insights on each of the leading market players for outlining competitive scenario and related strategies have been offered in the report.

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