Nitrogenous Fertilizers Market

Nitrogenous Fertilizers Market was valued at USD 117 Billion in 2019 and is expected to register a CAGR of 2.33% during the forecast period.

Introduction of the Nitrogenous Fertilizers Market Report

Nitrogenous fertilizer is one of the most common fertilizer categories produced with different chemical combinations of nitrogen. When nitrogenous fertilizers are applied to the fields, the fertilizers are absorbed by plants and are converted into several other forms through chemical reactions. Its application provide better texture and color to plants and enhances agricultural productivity.

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Market Dynamic

Key Drivers and Emerging Trends

The key factors driving the growth of the global nitrogenous fertilizers market are the growing population and rising demand for crop production. There is an increasing demand to supply nutritious, affordable, and safe food to the expanding population. Nitrogenous fertilizers are highly preferred to unlock the high yielding potential of the crop. Furthermore, diminishing farmland and growing area under precision farming, which includes drip and sprinkler irrigation, are likely to boost the growth of the market. Nitrogen used in commercial fertilizers is particularly soluble of assimilation and easy uptake by the plant. The restoration and maintenance of soil nutrients, such as nitrogen, is crucial for escalating crop yield and crop growth. These factors play a vital role in supplementing the growth of the global nitrogenous fertilizers market.

There is a need for proper nitrogen fertilizer management in order to grow healthy plants, increase farm business, and produce good yield. In addition, nitrogen fertilizers using the green manure method aims to enhance the soil fertility quality by the incorporation of nitrogen into the soil of any field. There are a lot of benefits associated with crop growth, but the harmful effect of nitrogenous fertilizers on the environment cannot be neglected as use of nitrogen at a high level can cause harm to plant species, aquatic organisms, and depletion of soil nutrients. There are several research & development activities done by various companies to reduce the adverse effect of nitrogenous fertilizers. For instance, in 2019, Yara launched Yaralix, which is a tool for precision farming and allows farmers to measure the requirement of nitrogen for the crop using their smartphones. These innovations are bolstering the growth of the global nitrogenous fertilizers market.

Impact of COVID-19 on the Nitrogenous Fertilizers Market

The COVID-19 pandemic has substantially affected various industries due to the worldwide lockdown. The chemical & materials industry is one of the most affected industries, which has faced disruptions in the manufacturing and supply chain of its products during this pandemic. This factor has negatively affected the growth of the global nitrogenous fertilizers market.

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Product – Segment Analysis

Based on the product, the urea segment is anticipated to grow at a faster CAGR over the forecast period. Urea is among the cheapest nitrogenous fertilizers when per-unit cost of nutrients is considered and is freely soluble in water. It is mainly preferred for acidic soil for crops, such as strawberries, blueberries, and corn. Furthermore, there is a higher volume of consumption of urea as it is also preferred as a substitute for ammonium nitrate and is identified as an easy and economical fertilizer. These factors play a vital role in augmenting the growth of the urea segment in the global nitrogenous fertilizers market.

End-Use – Segment Analysis

On the basis of the end-use, the cereals & grains segment is expected to grow at a higher CAGR over the forecast period attributed to the increasing demand from food and animal feed industries. There is a rise in the demand for crops, especially cereals, as they are consumed as staples across various parts of the globe to feed the rapidly proliferating population worldwide. The growing utilization of nitrogenous fertilizers for the growth of cereals and to get improved yield is further driving the growth of the market.

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Region – Segment Analysis

Based on the region, the Asia-Pacific region is projected to grow at a higher CAGR during the forecast period. This is mainly due to the increasing awareness regarding the advantages of nitrogenous fertilizers among farmers in this region. Moreover, the enhancements in farming methods coupled with the presence of large agricultural lands, are further surging the growth of the market. Asian countries have favorable climatic conditions and high rural population, which increases the availability of land for cultivation. Moreover, millions of Chinese farmers are gaining benefits of agricultural studies, which has significantly increased their crop yields by the utilization of nitrogenous fertilizers. These factors are responsible for propelling the growth of the nitrogenous fertilizers market in Asia-Pacific. 

Top Market Players

Leading manufacturers of nitrogenous fertilizers are Nutrien Ltd., Bunge Limited, OCI Nitrogen, Yara, EuroChem Group, ICL Fertilizers, Sinofert Holdings Limited, CF Industries Holdings, Inc., Koch Ag & Energy Solutions, LLC, and CVR Partners, LP., among others. 

Key Developments:

• • In 2019, Nutrien Ltd. announced the acquisition of Ruralco Holdings Ltd., a leader in the agricultural services business in Australia. This acquisition aims to allow Nutrien to strengthen the distribution of products & services to Australian farmers.
  • In 2018, EuroChem Group, a global leader in mineral fertilizer production, opened Russia’s first Urea Ammonium Sulfate (UAS) plant at EuroChem’s Novomoskovskiy Azot Plant, which has a production capacity of 400 tons of urea per day and 600 tons per day of UAS.

Segments covered in the Report:

The global nitrogenous fertilizers market has been segmented on the basis of product, end-use, and regions. Based on product, the market is segmented into urea, ammonium nitrate, ammonium sulfate, ammonia, calcium ammonium nitrate, and others. Based on end-use, the market is segmented cereals & grains, oilseeds & pulses, fruits & vegetables, and others. 

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Key questions answered in this research report:

• • At what pace is global nitrogenous fertilizers market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in nitrogenous fertilizers market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global nitrogenous fertilizers market?
  • Which product generated maximum revenues in 2019 and identify the most promising product during the forecast period?
  • What are the various end-use areas of global nitrogenous fertilizers market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Nitrogenous Fertilizers Market by Product

• • Urea
  • Ammonium Nitrate
  • Ammonium Sulfate
  • Ammonia
  • Calcium Ammonium Nitrate
  • Others

Global Nitrogenous Fertilizers Market by End-Use

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

Global Nitrogenous Fertilizers Market by Region

• • North America Nitrogenous Fertilizers Market (Option 1: As a part of the free 25% customization)
    • North America Nitrogenous Fertilizers Market by Product
    • North America Nitrogenous Fertilizers Market by End-Use
    • US Nitrogenous Fertilizers Market All-Up
    • Canada Nitrogenous Fertilizers Market All-Up
  • Europe Nitrogenous Fertilizers Market (Option 2: As a part of the free 25% customization)
    • Europe Nitrogenous Fertilizers Market by Product
    • Europe Nitrogenous Fertilizers Market by End-Use
    • UK Nitrogenous Fertilizers Market All-Up
    • Germany Nitrogenous Fertilizers Market All-Up
    • France Nitrogenous Fertilizers Market All-Up
    • Spain Nitrogenous Fertilizers Market All-Up
    • Rest of Europe Nitrogenous Fertilizers Market All-Up
  • Asia-Pacific Nitrogenous Fertilizers Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Nitrogenous Fertilizers Market by Product
    • Asia-Pacific Nitrogenous Fertilizers Market by End-Use
    • China Nitrogenous Fertilizers Market All-Up
    • India Nitrogenous Fertilizers Market All-Up
    • Japan Nitrogenous Fertilizers Market All-Up
    • Rest of APAC Nitrogenous Fertilizers Market All-Up
  • RoW Nitrogenous Fertilizers Market (Option 4: As a part of the free 25% customization)
    • RoW Nitrogenous Fertilizers Market by Product
    • RoW Nitrogenous Fertilizers Market by End-Use
    • Brazil Nitrogenous Fertilizers Market All-Up
    • South Africa Nitrogenous Fertilizers Market All-Up
    • Saudi Arabia Nitrogenous Fertilizers Market All-Up
    • UAE Nitrogenous Fertilizers Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Nitrogenous Fertilizers Market All-Up

Major Players Operating in the Nitrogenous Fertilizers (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Nutrien Ltd.
  • Bunge Limited
  • OCI Nitrogen
  • Yara
  • EuroChem Group
  • ICL Fertilizers
  • Sinofert Holdings Limited
  • CF Industries Holdings, Inc.
  • Koch Ag & Energy Solutions, LLC
  • CVR Partners, LP.