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).
Learn More On The Nitrogenous Fertilizer Market:
https://www.thebusinessresearchcompany.com/report/nitrogenous-fertilizer-global-market-report
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.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=7189&type=smp
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
……………..
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
…………….
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
Learn About Us:
The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
The generative ai in software development lifecycle global market report 2024from The Business Research Company…
The failure analysis global market report 2024from The Business Research Company provides comprehensive market statistics,…
The assisted living facility and neurorehabilitation global market report 2024from The Business Research Company provides…
The digital english language learning global market report 2024from The Business Research Company provides comprehensive…
The water resistant paint global market report 2024from The Business Research Company provides comprehensive market…
The cloud office services global market report 2024from The Business Research Company provides comprehensive market…