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Global Nitrogenous Fertilizer Market Outlook 2023-2032 - Estimated Market Size And Growth Rate | Kynoch Fertilizer, Sorfert Algerie Spa, OCI Nitrogen, Nutrien Ltd., Yara Fertilisers India Private Limited
Global Nitrogenous Fertilizer Market Outlook 2023-2032
The Business Research Company's Nitrogenous Fertilizer Global Market Report 2023 identifies The increasing demand for fertilizers as the major driver for the Nitrogenous Fertilizer market's growth in the forecast period. The demand for fertilizers is constantly increasing, as it has potential to restore chemical elements that previous crops removed from the soil or increase the land's inherent fertility. Nitrogenous fertilizers are the most commonly used source of plant nitrogen nutrition.
The global nitrogenous fertilizers market size grew from $67.21 billion in 2022 to $71.02 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the nitrogenous fertilizers market is expected to grow to $88.68 billion in 2027 at a CAGR of 5.7%.
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Major competitors in the Nitrogenous Fertilizer market are Kynoch Fertilizer, Sorfert Algerie Spa, OCI Nitrogen, Nutrien Ltd., Yara Fertilisers India Private Limited
A key trend in the Nitrogenous Fertilizer market includes Nanotechnology. Nanotechnology is the study of science, engineering, and technology at the nanoscale, or between 1 and 100 nanometers. The companies operating in nitrogenous fertilizers are focused on utilizing nutrient-rich nanoparticles for development and manufacturing of nanoscale nitrogenous fertilizers. Nano fertilizers provide several advantages over conventional fertilizers, including increased soil fertility yield and crop quality parameters, nontoxicity and reduced risk to humans and the environment, reduced cost, and increased profitability.
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The Nitrogenous Fertilizer market is segmented -
•Type: Urea, Ammonium Nitrate, Ammonium Sulfate, Calcium ammonium nitrate (CAN), Others Types
•Crop Type: Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Others Crops
•Form: Dry, Liquid
•Application: Soil, Foliar, Fertigation, Other Applications
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Nitrogenous Fertilizer market.
The Business Research Company's "Global Nitrogenous Fertilizer Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Nitrogenous Fertilizer Market Include:
1. Executive Summary
2. Nitrogenous Fertilizers Market Characteristics
3. Nitrogenous Fertilizers Market Trends And Strategies
4. Nitrogenous Fertilizers Market - Macro Economic Scenario
5. Nitrogenous Fertilizers Market Size And Growth
.....
26. Africa Nitrogenous Fertilizers Market
27. Nitrogenous Fertilizers Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Nitrogenous Fertilizers Market
29. Nitrogenous Fertilizers Market Future Outlook and Potential Analysis
30. Appendix
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