The global nitrogen fertilizer market is expected to reach USD 16.6 billion by 2028, growing at a CAGR of 5.4% from 2018-2028. The growth in this particular industry will be driven by factors such as increasing agricultural production and improving crop yields globally; increase in fertilizer prices due to various reasons including raw material shortages and unfavorable exchange rates; increasing demand for organic products which are less reliant on fertilizers, etc.
Nitrogen fertilizer is a chemical compound that contains nitrogen, which makes it possible for plants to convert nitrates into proteins and other vital nutrients. Nitrogen fertilizers are often used in agriculture as they promote healthy plant growth. In organic farming, natural sources of nitrogen such as manure or soybean meal can be substituted.
Nitrogen fertilizer is a type of fertilizers that contains nitrogen as the key nutrient. Nitrogen-containing compounds are vital for producing plants, and nitrogen deficiency can lead to stunted growth in crops. In agriculture, it is used both as an ingredient in soil fertilizers and an oxidizer on farms.
On the basis of type, the global nitrogen fertilizers market is segmented into urea, ammonium nitrate, ammonium sulfate, calcium ammonium nitrate (can), and other types.
Urea is the cheapest form of nitrogen fertilizers. It is also the slowest acting, which means that it does not release its nutrients into the soil as quickly as other forms of nitrates do. However, this can be a good thing because it provides plants with a steady supply of nutrients over time.
Ammonia nitrate is made from ammonia and nitric acid in an ammonium salt form; they release their nutrient quickly into the environment making them useful for correcting deficiencies right away. They have been used effectively for many years to combat drought-like conditions by providing quick access to water in dry soils.
This type of fertilizer has sulfuric acid mixed with ammonia to create ammonium sulfate. It is a very reactive form of nitrate which means that its nutrients are released quickly. Ammonium sulfate has an advantage in colder climates because it can break down into ammonia and sulfur, both elements that plants need to survive.
This type of fertilizer comes from the reaction between calcium oxide with urea or ammonium hydroxide solutions. CAN releases some nitrogen right away but most will be held back until conditions for plant growth improve.
On the basis of application, the global nitrogen fertilizers market is segmented into soil, foliar, fertigation, and other applications.
The soil application is the most popular form of fertilization and includes the use of urea, ammonium nitrate, can (ammonium sulfate), calcium ammonium nitrate in a variety of applications. The use of nitrogen-based fertilizer for crop production has been following an upward trend due to its versatility and high nutrient content that helps to promote plant growth.
Foliar application is usually used by growers for the fast-acting response to a plant's need for nutrients. Fertilizers in this form are applied directly on leaves or can be sprayed onto fruit and vegetables. It also provides plants with protection from pests such as aphids and beetles when it inhibits their ability to digest sugar (phytotoxicity).
Fertigation is the application of fertilizers by irrigation to the soil, subsoil, or porous rock. Fertigation differs from fertigating in that it typically applies water and fertilizer through a drip system. Fertigating applies fertilizers through a dosing system which may include sprinkler heads, injection, or metering systems.
On the basis of region, the global nitrogen fertilizers market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Among these regions, North America is the leading market for nitrogen fertilizers with a share of over 44% in 2017.
The global nitrogen fertilizers market is being driven by population increase, and the need to produce food on a continuous basis. The increase in demand for agricultural products has led to an increased requirement of fertilizers which are necessary for maintaining crop productivity. In order to meet this rising demand with an adequate supply, major companies have started to produce more nitrogen fertilizers. The global population is expected to increase from the current level of around seven billion, and reach nine billion people by 2050; this will have a significant impact on fertilizer demand as food production needs are likely to rise in tandem with an expanding world population.
Up Market Research published a new report titled “Nitrogen Fertilizers Market research report which is segmented by Types (Urea, Ammonium nitrate, Ammonium sulfate, Calcium ammonium nitrate (CAN), Other), By Applications (Soil, Foliar, Fertigation, Others), By Players/Companies Coromandel, Yara International, CF Industries, Nutrien, Bunge, CVR Partners, KOCH, Sinofert, Eurochem, Potash Corp of Saskatchewan”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
|Report Attributes||Report Details|
|Report Title||Nitrogen Fertilizers Market Research Report|
|By Type||Urea, Ammonium nitrate, Ammonium sulfate, Calcium ammonium nitrate (CAN), Other|
|By Application||Soil, Foliar, Fertigation, Others|
|By Companies||Coromandel, Yara International, CF Industries, Nutrien, Bunge, CVR Partners, KOCH, Sinofert, Eurochem, Potash Corp of Saskatchewan|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||244|
|Number of Tables & Figures||171|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Urea, Ammonium nitrate, Ammonium sulfate, Calcium ammonium nitrate (CAN), Other and By Application Soil, Foliar, Fertigation, Others.
Some of the companies that are profiled in this report are:
Nitrogen Fertilizers Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Nitrogen Fertilizers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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