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Nitrogenous Fertilizers Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012 to 2016 and Forecast 2017 to 2023
Nitrogenous Fertilizers Market
Nitrogen enables the crops to grow fast, provides better colour, texture, and increases the agricultural productivity. Nitrogenous fertilizers are most commonly produced by Haber Bosch process. Nitrogen fertilizers can also be obtained from animal manure and compost.
Market Dynamics: Nitrogenous Fertilizers Market
Growing demand for high efficiency fertilizers, shrinking farmland and productivity of agriculture, inclination towards eco-friendly agricultural practices are key factors driving the market demand for nitrogenous fertilizers. Growing population pool is a factor for growth of nitrogenous fertilizers in order to keep up health concerns of population globally. According to the Food and Agriculture Organization (FAO), global ratio of arable land dropped down to 0.197 hectares per person in 2013. However, regulatory and environmental constraints for coated products and high manufacturing costs restrain the nitrogenous fertilizers market.
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Market Scope: Nitrogenous Fertilizers Market
The nitrogenous fertilizers market is classified on the basis of product type, crop type, mode of application, region
Based on Product, market is segmented as
• Ammonium Nitrate
• Calcium Ammonium Nitrate (CAN)
• Urea
• Ammonium Sulphate
Based on Crop Type, market is segmented as
• Cereals and grains
• Oilseeds and pulses
• Fruits and vegetables
Based on Mode of Application, market is segmented as
• Fertigation
• Soil
• Foliar
Based on Region, market is segmented as
• North America
• Latin America
• Europe
• Asia Pacific
• The Middle East and Africa
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Market Summary: Nitrogenous Fertilizers Market
Nitrogenous fertilizers market is expected to gain traction over the forecast period due to high productivity and wide range of benefits. Many of the market players are attracted towards Latin America and Asia Pacific, largest producers of corn and rice. The key players of nitrogenous fertilizers market are concentrated on acquisitions, new product developments, expansions, and investments to maintain the position in the market.
Regional Analysis: Nitrogenous Fertilizers Market
Geographically nitrogenous fertilizers market is segmented as Latin America, Europe, Asia Pacific, North America, and The Middle East and Africa. North America nitrogenous fertilizers market has a significant revenue share owing to increase in adoption of eco-friendly farming practices. Growing demanding for healthy food products, increase in the production of fruits and vegetables in U.S. are anticipated to fuel the nitrogenous fertilizers market over the forecast period. Europe nitrogenous fertilizers market is growing at unprecedented CAGR over the forecast period due to rise in R&D activities, inclination towards nitrogenous fertilizers, and adoption of agricultural technologies. However, Asia Pacific is an emerging region attributed to increase in population demanding on farming, rise in adoption of eco-friendly farming, and better availability of the products are expected to propel nitrogenous fertilizers market.
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Competition Assessment: Nitrogenous Fertilizers Market
Some of the players in nitrogenous fertilizers market are
• Agrium Inc. (Canada)
• The Dow Chemical Company (U.S.)
• Yara International ASA (Norway)
• Bayer CropScience AG (Germany)
• Coromandel International Limited (India)
• DuPont (U.S.)
• Koch Industries Inc. (U.S.A.)
• Syngenta AG (Switzerland)
• Potash Corp. of Saskatchewan Inc. (Canada)
• Monsanto Company (U.S.)
• INCOTEC Group BV (Netherlands)
Key Developments: Nitrogenous Fertilizers Market
• In August 2014, Tata Chemicals launched Tata Paras ammonium phosphate sulfur fertilizer.
Key Features of the Report:
• The report provides granular level information about the market size, regional market share, historic market (2012 to 2016) and forecast (2017 to 2023)
• The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
• The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
• The report tracks recent innovations, key developments and startup’s details that are actively working in the market
• The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
• The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
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