Nitrogenous Fertilizers Market Share, Size, Trends, Demand and Forecast 2021-2026

As per the latest report by IMARC Group, titled “Nitrogenous Fertilizers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global nitrogenous fertilizers market size reached a value of US$ 68.01 Billion in 2020. Nitrogen plays a vital role in the overall growth and development of plants as it is employed in the process of photosynthesis. Although it is abundantly available in the environment, only a few of the plants can absorb it. Therefore, nitrogen is synthetically provided to the crops in the form of nitrogenous fertilizer. They are inorganic nitrous compounds that aid in rapid shoot growth, production of healthy flower buds, improvement in the quality of the fruit and enhancing flower differentiation. These fertilizers generally comprise varying quantities of ammonium sulfate, ammonium nitrate, calcium ammonium nitrate, urea and other substances, which are mixed along with animal manure.

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Global Nitrogenous Fertilizers Market Trends:

Owing to the growing global population and inflating income levels of consumers, there is a significant rise in the demand for food across the globe. This, in confluence with rapid urbanization and decreasing availability of arable land, is boosting the overall sales of nitrogenous fertilizers. However, high concentrations of nitrogen can accumulate on the edible parts of leafy vegetables and their consumption can negatively impact human health. As a result, farmers nowadays are developing suitable strategies for optimum utilization of nitrogenous fertilizers on farms. Apart from this, as nitrogenous fertilizers help in improving soil fertility and enhancing crop yield, their demand is being catalyzed around the world. Furthermore, governments of various countries are funding the utilization of advanced techniques and fertilizers to maximize productivity. Looking forward, IMARC Group expects the global nitrogenous fertilizers market to reach a value of US$ 85.67 Billion by 2026, exhibiting a CAGR of 3.90% during 2021-2026.

Breakup by Type:

  • Urea
  • Ammonium Nitrate
  • Ammonium Sulfate
  • Calcium Ammonium Nitrate (CAN)
  • Others

Breakup by Crop Type:

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

Breakup by Form:

  • Liquid
  • Dry
  • Others

Breakup by Mode of Application:

  • Soil
  • Foliar
  • Fertigation
  • Others

Competitive Landscape with Key Players:

  • Yara International ASA
  • Bunge Limited
  • CF Industries Holdings, Inc.
  • TogliattiAzot
  • Nutrien Ltd.
  • EuroChem Group
  • OCI Nitrogen
  • ICL Specialty Fertilizers
  • Indian Farmers Fertiliser Cooperative Ltd.
  • Coromandel International Limited.
  • Koch Industries, Inc.
  • Hellagrolip SA
  • Sinofert Holdings Limited
  • CVR Partners LP

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Elena Anderson

9+ years in chemical & material has made Elena more or less an expert in everything related to medicines, drugs, chemicals and related sectors – at least from the PR front. Through his insider access to the sector, he has gained valuable insight into the entire manufacturing process of chemical and material.
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