Authored By: Sarah
11 Jul 2024

 Nitrogenous Fertilizer Market Size to grow by 32994.82 th t between 2023-2027

According to a research report “ Nitrogenous Fertilizer Market” by Type (Liquid, Dry, Others) Product (Urea, NPK, CAN and AN, DAP and MAP, Others) Geography (APAC, North America, Europe, Middle East and Africa, South America)- Global Forecast to 2027 published by Technavio, the market size is estimated to grow by 32994.82 th t, at a CAGR of  4.67% during the forecast period. The nitrogenous fertilizer market is experiencing significant growth, driven primarily by the expanding agricultural sectors in key emerging economies such as China, India, Brazil, Indonesia, and Pakistan. The increasing population and rising per capita income in these countries necessitate the production of larger food quantities, leading to a heightened demand for nitrogenous fertilizers. These fertilizers offer ease of application and superior performance, making them a preferred choice for farmers. Moreover, the adoption of technology-driven irrigation systems, including micro drip irrigation, is expected to further fuel demand for nitrogenous fertilizers in the coming years. As a major consumer of fertilizers globally, the Asia Pacific region is witnessing increased demand due to its large and growing population. The region's agricultural sector is undergoing significant modernization, with a focus on high-quality produce and sustainable farming practices, further contributing to the growth of the nitrogenous fertilizer market.

Browse market data tables, figures, and in-depth TOC on “Nitrogenous Fertilizer Market” by Type (Liquid, Dry, Others) Product (Urea, NPK, CAN and AN, DAP and MAP, Others) Geography (APAC, North America, Europe, Middle East and Africa, South America) Global Forecast to 2027. Download Free Sample

 

By Type, the Liquid segment is projected to dominate the market size in 2024

Urea, a nitrogenous fertilizer with an impressive 46% nitrogen concentration, is a preferred choice for farmers due to its cost-effectiveness and wide application range. In 2020, the global urea production reached approximately 65.4 million tons, with major contributors being Russia, Indonesia, Pakistan, Canada, and India, accounting for 79.78% of the total production. India specifically accounted for 20.22%. Urea's advantages include a neutral pH value, high nitrogen content, and low production cost, making it an ideal choice for agricultural lands. These factors are projected to boost the demand for urea and propel the growth of the nitrogenous fertilizer market during the forecast period.

By Product, Urea  segment is expected to hold the largest market size for the year 2024

The liquid nitrogenous fertilizer segment is projected to experience the most robust growth in the market during the forecast period. In 2022, this segment held the largest market share. The primary catalysts fueling the expansion of the liquid nitrogenous fertilizer segment are the escalating demand for efficient fertilizers and mounting environmental concerns. The market for liquid nitrogenous fertilizers is poised for growth due to the increasing preference for fertilizers with superior quality and enhanced productivity, the convenience of use and application, and the expanding adoption of precision farming and protected agriculture. However, the market expansion is being restrained by the high installation and storage costs associated with liquid fertilizers and the necessity for specialized handling and storage facilities.

APAC is forecasted to hold the largest market size by region in 2024

The APAC nitrogenous fertilizer market is projected to experience the fastest growth rate during the forecast period, driven by significant demand in countries such as China, India, Indonesia, and Pakistan. These nations are major consumers of nitrogenous fertilizers, particularly urea and NPK-based varieties, which are extensively utilized for cultivating cereals, pulses, fruits, and vegetables. India, in particular, is a leading consumer of fertilizers globally, with an annual consumption exceeding 55 million metric tons. Notably, despite a decline in cultivated land area over the past five years, agriculture production in India has continued to increase, underscoring the importance of efficient fertilizer usage. Key players in the nitrogenous fertilizer market include Yara International, CF Industries Holdings, and PotashCorp.

The Nitrogenous Fertilizer Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • AB Achema
  • Acron Group
  • Agropolychim AD
  • CF Industries Holdings Inc.
  • KBR Inc.
  • LSB Industries
  • OCI NV
  • Petrokemija D.D.
  • PhosAgro Group of Companies
  • PJSC Togliattiazot
  • Qatar Fertiliser Co.
  • Saudi Arabian Mining Co.
  • Saudi Basic Industries Corp.
  • Sinochem Group Co. Ltd.
  • The Mosaic Co.
  • Uralchem JSC
  • EuroChem Group AG
  • Koch Industries Inc.
  • Nutrien Ltd.
  • Yara International ASA
.

For insights on company offerings- Request a sample report!

Research Analysis Overview

The Nitrogenous Fertilizer Market plays a crucial role in enhancing crop uptake of essential nutrients, particularly Nitrogen, in the root zone. Companies like Corteva Agriscience lead the nitrogen fertilizer industry with innovative solutions like UAN treatments that improve crop yielding potential. Commercial fertilizers, such as Urea, Calcium Ammonium Nitrate, and Ammonium Sulphate, are widely used to supplement soil nutrients and boost crop output. Investment in precision farming, including sprinkler irrigation and drip irrigation, has led to more efficient use of nitrogenous fertilizers. The green manure approach, using animal manure as a natural source of nitrogen, is gaining popularity among sustainable farmers. Nitrogen is a key element for photosynthesis, which affects shoot development, flower buds, and flower distinction. Protoplasm, the living substance in plant cells, requires nitrogen for growth and maintenance. Nitrogenous fertilizers, therefore, significantly impact crop quality, including fruit quality. Sprinkler irrigation and drip irrigation systems ensure that nitrogenous fertilizers reach the crops efficiently, maximizing their benefits. Precision farming techniques, such as variable rate application, further optimize nitrogen usage and minimize environmental impact. In conclusion, the nitrogenous fertilizer market plays a vital role in enhancing crop productivity and quality, contributing to improved farmland productivity and food security.

Market Research Overview

The Nitrogenous Fertilizer Market encompasses a wide range of products, including Micronutrient fertilizers and Specialty Fertilizers, that cater to the nutritional needs of various crops such as Fruits & Vegetables, Oilseeds & Pulses, and Cereals & Grains. Nitrogen fertilizers, specifically Ammonia, Methylene Urea, UAN treatments, and Calcium Ammonium Nitrate, play a crucial role in enhancing soil fertility and crop output. However, the production and use of nitrogenous fertilizers contribute significantly to greenhouse gas emissions. The adoption of precision farming tools like drones, soil sensors, and digital marketing strategies can help optimize nitrogen use efficiency and minimize environmental impact. Vertical farming and hydroponic systems are gaining popularity as sustainable alternatives to traditional farming methods. These systems use nitrogenous fertilizers in controlled environments to optimize crop uptake in the root zone, ensuring high-quality produce and reducing water usage. The nitrogen fertilizer industry is witnessing significant investment, driven by the global need for increased food production to meet population demand. Companies like Corteva Agriscience are at the forefront of developing innovative nitrogenous fertilizer solutions, including Yeast-coated fertilizer, to improve crop health and reduce environmental impact. The use of organic fertilizers like animal manure and biofertilizers is also gaining traction as a more sustainable approach to enhancing soil fertility and nutritional balance. The nitrogenous fertilizer market is expected to grow significantly in the coming years, driven by the demand for food safety, crop yielding potential, and the need to maintain arable land for future generations. Despite the benefits, the use of synthetic chemicals in nitrogenous fertilizers raises concerns about food safety and environmental impact. The soil profile, stream and groundwater quality, and the crop's yielding potential are all factors that farmers must consider when making decisions about nitrogenous fertilizer use. The nitrogenous fertilizer market is poised for growth, but it must also prioritize sustainability and environmental stewardship. In summary, the nitrogenous fertilizer market plays a vital role in ensuring food security and maintaining soil fertility. However, it is essential to consider the environmental impact of nitrogenous fertilizer production and use, and to explore sustainable alternatives like precision farming, organic fertilizers, and vertical farming. The future of the nitrogenous fertilizer industry lies in innovation, sustainability, and a commitment to meeting the global need for food production while minimizing environmental impact.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Read News Read Less
Interested in this report?
Get your sample now!
Technavio
Document