Nitrogenous Fertilizer Market Growth Opportunities, Overview By 2033

The Nitrogenous Fertilizer Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Nitrogenous Fertilizer Global Market Report 2024, The nitrogenous fertilizer  market size has grown strongly in recent years. It will grow from $73.41  billion in 2023 to $79.16  billion in 2024 at a compound annual growth rate (CAGR) of 7.8%.  The  growth in the historic period can be attributed to population growth, growth in agricultral sector, farming mechanization, government subsidies, economic growth.

The nitrogenous fertilizer  market size is expected to see strong growth in the next few years. It will grow to $109.37  billion in 2028 at a compound annual growth rate (CAGR) of 8.4%.  The growth in the forecast period can be attributed to rise in global food security, rising adoption of precision agriculture, rising crop rotation practices, infrastructure development. Major trends in the forecast period include customized fertilizer blends, carbon sequestration, nutrient management, organic and natural fertilizers.

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The nitrogenous fertilizers market is experiencing growth driven by the increasing demand for fertilizers, substances containing chemical components that facilitate plant growth and productivity. Fertilizers play a crucial role in replenishing soil nutrients and enhancing fertility, and nitrogenous fertilizers are a prevalent source of plant nitrogen nutrition. The United Nations Environment Program’s report indicates a substantial global increase in pesticide and fertilizer demand, with combined sales anticipated to reach USD 309 billion by 2025. The rising demand for fertilizers, particularly nitrogenous ones, is expected to fuel market growth.

The expanding global population is identified as a key factor propelling the nitrogenous fertilizers market. As the population grows, there is an escalating demand for food production, necessitating higher agricultural yields. Nitrogenous fertilizers are essential for improving crop productivity and quality, making them integral to meeting the increased demand for food. For example, the U.S. Census Bureau reported a 0.4% increase in the United States’ resident population in 2022. This population growth, coupled with the need for enhanced crop output, is contributing to the growth of the nitrogenous fertilizers market.

Nanotechnology emerges as a noteworthy trend in the nitrogenous fertilizers market, with companies exploring the development and manufacturing of nanoscale nitrogenous fertilizers. Nanotechnology involves studying science, engineering, and technology at the nanoscale, with a focus on particles between 1 and 100 nanometers. Nanoscale nitrogenous fertilizers offer advantages such as increased soil fertility, improved crop quality, reduced toxicity, and enhanced cost-effectiveness. Indian Farmers Fertiliser Cooperative Limited (IFFCO) introduced Nano Urea Liquid as a recognized nano fertilizer in the Fertilizer Control Order, delivering nitrogen to plants as a substitute for regular urea. Additionally, strategic partnerships, such as the collaboration between Porto do Açu Ltd. and Toyo Setal in Brazil, are driving plant expansion efforts in the nitrogenous fertilizer market. This strategic partnership aims to develop and operate a nitrogenous fertilizer production plant, facilitating domestic production expansion.

The nitrogenous fertilizer market market covered in this report is segmented –
1) By Type: Urea, Ammonium Nitrate, Ammonium Sulfate, Calcium ammonium nitrate (CAN), Others Types
2) By Crop Type: Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Others Crops
3) By Form: Dry, Liquid
4) By Application: Soil, Foliar, Fertigation, Other Applications

Top Major Players

Sorfert Algeria Spa,

OCI NV,

Nutrien Ltd.,

Yara Fertilisers India Pvt Ltd.,

Central Farmers Fertilizer Company

The nitrogenous fertilizer market report table of contents includes:
1. Executive Summary

2. Nitrogenous Fertilizer Market Characteristics
3. Nitrogenous Fertilizer Market Trends And Strategies
4. Nitrogenous Fertilizer Market – Macro Economic Scenario
5. Global Nitrogenous Fertilizer Market Size and Growth
6. Nitrogenous Fertilizer Market Segmentation
7. Nitrogenous Fertilizer Market Regional And Country Analysis

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33. Key Mergers And Acquisitions In The Nitrogenous Fertilizer Market
34. Nitrogenous Fertilizer Market Future Outlook and Potential Analysis
35. Appendix

    List Of Tables :

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Nitrogenous Fertilizer Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Nitrogenous Fertilizer Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Nitrogenous Fertilizer Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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Table 75: Sorfert Algeria Spa Financial Performance

Table 76: OCI NV Financial Performance

Table 77: Nutrien Ltd. Financial Performance

Table 78: Yara Fertilisers India Pvt Ltd. Financial Performance

Table 79: Central Farmers Fertilizer Company Financial Performance

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