Global Nitrogenous Fertilizer Market by Product (Urea, Ammonium Nitrate), by Application (Cereals & Grains, Oilseeds & Pulses) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global nitrogenous fertilizer market was worth USD 62.8 billion in 2018. It is expected to grow at a 4.5% CAGR over the forecast period. Over the forecast period, the global market for nitrogenous fertilers will be driven by the growing popularity of commercial farming. The demand for nitrogenous fertilizers is increasing in the agriculture industry to ensure proper nutrition and increase yield.

Major areas of nitrogenous fertilizers are agricultural products such as vegetables, fruits, and cotton. Climate variations can have a significant impact on crop production. These changes in demand and supply affect the crops. From 2017 to 2018, global wheat supplies rose to 4.7 million tonnes. The same time, global wheat supplies rose to 4.7 million tons from 2017 to 2018. This is mainly due to the high production in India.

One of the most important nutrients for plants is nitrogen. Although it is naturally found in the air, only a small number of plants are able to absorb it. It is therefore supplied synthetically to plants in the form nitrogenous fertilizers. Globally, there are many options for nitrogenous fertilizers. These include urea and ammonia. These nitrogenous fertilizers have a better texture and help to regulate plant growth, resulting in a faster yield.

With the abundance of raw materials due to the Shale gas exploration, the U.S. market is booming for nitrogenous fertilizers. Urea is the most popular fertilizer in the U.S., followed by ammonia. Around 50% of the production costs of nitrogenous fertilizers are covered by natural gas. This gas is cheaper and has resulted in lower imports of urea, ammonia, urea ammonium, and urea ammonium. The demand for nitrogenous fertilizers will rise due to increased commercial farming and low-cost fertilizer production.

Emerging economies all over the globe are realizing the importance to use nitrogenous fertilizers in their agricultural production. Farmers in developing countries like China, India, Uganda and Rwanda are now better informed about the proper use of chemicals. Local companies also offer services in the areas of technology and crop nutrition. They also provide information to users about the possible dangers of excessive fertilizer use and the correct storage and disposal techniques.

Many institutions around the world are working to spread awareness about the benefits of agricultural products. The International Fertilizer Development Center, (IFDC), and the Global Alliance for Climate-Smart Agriculture are two examples. These initiatives have resulted in a rise of global nitrogenous fertilizer consumption.

Product Type Insights

Together, ammonia and urea account for more than 50% of total nitrogenous fertilizer market share. Urea is the most popular product type in the market, with a higher consumption volume and a lower cost than other products. Urea is preferred in acidic soils for crops like blueberries, strawberries, and corn.

Urea is formed when ammonia reacts with carbon dioxide. The price of raw materials is one of the main factors that affect the price trends for urea fertilizer. The prices of products on the global market are also affected by government subsidies in developing nations and last-minute purchasing trends in the U.S.A and Europe.

Ammonia is the most widely and traditionally used nitrogenous fertilizer. Ammonia is the richest source for nitrogen, with 82%. It is expected to grow at a 4.4% CAGR in terms of revenue from 2019-2025. It maintains soil's pH and makes it alkaline. This soil can be used to grow carrots, potatoes, peanuts and other crops that require a pH value higher than 7.

Application Insights

Due to growing demand from the food and animal feed industries, cereals and grains dominate the market. The demand for agricultural chemicals is increasing due to shrinking farmland and increased demand for food crops like wheat, maize and rice. The largest consumer of nitrogen-based soil nutrients is wheat, followed closely by barley. The soil additives and sprinklers that add nitrogen to grains and cereals are examples of how nitrogen is used.

Due to its high demand for edible oil, the oilseed is one the most profitable crops. Soybean and mustard are two of the most popular edible oilseeds. These crops require soil that is balanced in nitrogen, sulfur, calcium, and other nutrients. These factors will increase the use of nitrogenous fertilizers to produce oilseeds.

Because of their high dietary protein, the global health consciousness has increased demand for pulses. Pulses are able to convert and use the atmospheric nitrogen, so they require less fertilizers than other crops. These crops are subject to a demand-supply gap because their annual yield is not sufficient to meet global requirements. These factors will increase nitrogen fertilizer usage for oil seeds & pulses production, which is expected to lead to an annual revenue growth rate (increased) of 5.1% in the market from 2019-2025.

Regional Insights

Asia Pacific has a market share in 2018 of 57.6%. This is based on volume. Market dynamics are influenced by the advancements in farming techniques and the large amount of agricultural lands. There are many emerging economies in the region, including China, India and Indonesia.

The vast area of Asia is suitable for agriculture, as well as the high number of rural people and favorable climatic conditions. This region will see the greatest growth in nitrogenous fertilizers both in revenue and volume. A rising demand for nitrogenous fertilizers and a growing focus on food security has led to prominent global manufacturers setting up production units in Asia.

The huge range of crops that are grown in Europe is the main reason for the high demand for nitrogenous fertilisers. In Europe, 39% was occupied in 2017 by agriculture and grasslands. The major problems facing the European agricultural sector are frequent climate changes and soil and water pollution from fertilizers. These concerns have led to the development of energy-efficient methods to produce ammonia. The West European ammonia producers are well-known for using the most efficient techniques than those from other parts of Europe.

Market Share Insights & Key Companies

Market participants are primarily focusing on the creation of nitrogenous fertilizers that have sustainable qualities. Market growth is influenced by the competitive factors such as regulatory approvals, product portfolios, pricing, and manufacturing technologies. Local market players tend to focus on their strengths and offer custom services to farmers.

As the demand for agrochemicals grows in many countries like India and China, companies in the Asia Pacific region focus on increasing their manufacturing capacities. Nutrien, Koch Industries, Yara International, OCI Nitrogen, CF Industries Holdings, Inc. are some of the market leaders. Other manufacturers of nitrogenous fertilizers on the market include ICL Fertilizers and EuroChem Group AG. Sinofert Holdings Limited.

Market Report Scope for Nitrogenous Fertilizer

The Report Covers Certain Segments

This report predicts revenue growth at the global, regional and country levels. It also provides analysis of industry trends in each sub-segment from 2014 to 2025. Grand View Research has divided the global market for nitrogenous fertilizer based on application, product, and region.

• Product Outlook (Volume: Thousand Tons; Revenue: USD Million, 2014-2025)

  • Urea

  • Ammonium Nitrate

  • Ammonium Sulfate

  • Ammonia

  • Calcium Ammonium Nitrate (CAN)

  • Other

• Application Outlook (Volume: Thousand Tons; Revenue USD Million, 2014-2025)

  • Cereals & Grains

  • Oilseeds and Pulses

  • Fruits & Vegetables

  • Other

• Regional Outlook (Volume: Thousand Tons; Revenue USD Million, 2014-2025)

  • North America

    • U.S

    • Canada

  • Europe

    • Germany

    • France

    • The U.K.

    • Italy

    • Spain

    • Netherlands

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

  • Latin America

    • Brazil

    • Argentina

  • Middle East & Africa

These are the most frequently asked questions about this report

b. Global nitrogenous fertilizer market was valued at USD 65.51 million in 2019, and is forecast to grow to USD 68.36 trillion in 2020.

b. Global nitrogenous fertilizer markets are expected to expand at a compound annual rate of 4.5% between 2019 and 2025, reaching USD 85.38 billion in 2025.

b. With a 65.6% share in 2019, Asia Pacific was the dominant region for nitrogenous fertilizers. This can be attributed to the advancements in farming methods and large agricultural lands.

b. Nutrien, Koch Industries, Yara International, OCI Nitrogen, CF Industries Holdings, Inc. are some of the key players in the market for nitrogenous fertilizers. Other manufacturers of nitrogenous fertilizers on the market include ICL Fertilizers and EuroChem Group AG. Sinofert Holdings Limited.

b. The market growth is driven by technological innovations in fertilizer manufacturing and commercial agriculture.

Up Market Research published a new report titled “Nitrogenous Fertilizer Market research report which is segmented by Product (Urea, Ammonium Nitrate), by Application (Cereals & Grains, Oilseeds & Pulses), By Players/Companies Yara International, Nutrien, EuroChem Group AG, CF Industries Holdings, OCI Nitrogen, Inc The other manufacturers of nitrogenous fertilizers in the market are ICL Fertilizers, Sinofert Holdings Limited, Koch Industries, Coromandel International Ltd”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

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.

Global Nitrogenous Fertilizer Market Report Segments:

The market is segmented by Product (Urea, Ammonium Nitrate), by Application (Cereals & Grains, Oilseeds & Pulses).

Nitrogenous Fertilizer 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.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Nitrogenous Fertilizer Market

Overview of the regional outlook of the Nitrogenous Fertilizer Market:

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.

Highlights of The Nitrogenous Fertilizer Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Nitrogenous Fertilizer Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Urea

                2. Ammonium Nitrate

                1. Cereals & Grains

                2. Oilseeds & Pulses

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Nitrogenous Fertilizer 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.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
• Channel & Customer Management
• Identifying Appropriate Advertising Appeals

Reasons to Purchase the Nitrogenous Fertilizer Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.