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.
Request Free Sample Report: https://www.imarcgroup.com/nitrogenous-fertilizers-market/requestsample
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:
- Ammonium Nitrate
- Ammonium Sulfate
- Calcium Ammonium Nitrate (CAN)
Breakup by Crop Type:
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
Breakup by Form:
Breakup by Mode of Application:
Competitive Landscape with Key Players:
- Yara International ASA
- Bunge Limited
- CF Industries Holdings, Inc.
- Nutrien Ltd.
- EuroChem Group
- OCI Nitrogen
- URALCHEM JSC
- ICL Specialty Fertilizers
- Indian Farmers Fertiliser Cooperative Ltd.
- Coromandel International Limited.
- Koch Industries, Inc.
- Hellagrolip SA
- Sinofert Holdings Limited
- CVR Partners LP
Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/nitrogenous-fertilizers-market
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
We are updating our reports, If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Competitive landscape, etc. Click request free sample report, the report will be delivered to you in PDF format via email within 24 to 48 hours after the payment confirmation.
Related Reports by IMARC Group:
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.
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800