Nitrogenous Fertilizers Market Destined to Reach US$ 89.1 Billion (CAGR 4.4%) During 2023-2028 - IMARC Group

The latest report by IMARC Group, titled "Nitrogenous Fertilizers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on the global nitrogenous fertilizers market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global nitrogenous fertilizers market size reached US$ 68.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 89.1 Billion by 2028, exhibiting a growth rate (CAGR) of 4.4% during 2023-2028.

Nitrogenous fertilizers are a type of plant nutrient that provides essential nitrogen to support plant growth and development. They are vital elements required by plants for various metabolic processes, including the formation of proteins, enzymes, and chlorophyll. These fertilizers are created to supplement the natural nitrogen levels present in the soil, ensuring optimal plant nutrition. They are highly soluble in water, allowing plants to easily absorb nitrogen through their roots. They offer various benefits, such as enhancing plant growth, increasing crop yield, improving leaf and stem development, and promoting vibrant and healthy foliage. Additionally, they play a crucial role in replenishing nitrogen levels in soil, as nitrogen is often depleted due to plant uptake, leaching, and other environmental factors.

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Global Nitrogenous Fertilizers Market Trends:

The market is primarily driven by the increasing demand for food due to the rapid growth of the population. Moreover, the growing awareness about nutritional balance and soil profile is catalyzing the growth of the market. Apart from this, continual advancements in fertilizer manufacturing technologies, such as the development of slow-release fertilizers and controlled-release fertilizers, which release nitrogen gradually, and aid in improving the efficiency and effectiveness of nitrogenous fertilizers are creating a positive market outlook.

Furthermore, the governments of several countries are offering subsidies and incentives to encourage farmers to use fertilizers and improve agricultural productivity, thus providing a boost to the market. Other factors, including the growing demand for grain-based biofuels and the adoption of precision agriculture, are also influencing the market.

Some of the Top Competitive Landscape Operating in the Market are Given Below:

• Yara International ASA
• Bunge Limited
• CF Industries Holdings, Inc.
• TogliattiAzot
• Nutrien Ltd.
• EuroChem Group
• OCI Nitrogen
• URALCHEM JSC
• ICL Specialty Fertilizers
• SABIC
• Indian Farmers Fertiliser Cooperative Ltd.
• Coromandel International Limited.
• Koch Industries, Inc.
• Hellagrolip SA
• Sinofert Holdings Limited
• CVR Partners LP

Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/nitrogenous-fertilizers-market

Key Market Segmentation:

Breakup by Crop Type:

• Cereals & Grains
• Oilseeds & Pulses
• Fruits & Vegetables
• Others

Breakup by Form:

• Liquid
• Dry
• Others

Breakup by Type:

• Urea
• Ammonium Nitrate
• Ammonium Sulfate
• Calcium Ammonium Nitrate (CAN)
• Others

Breakup by Mode of Application:

• Soil
• Foliar
• Fertigation
• Others

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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