Nitrogenous Fertilizer Market Size, Growth, Trends and Forecast to 2027

Nitrogenous Fertilizer Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Type (Urea, Ammonium Nitrate, Ammonium Sulfate, Ammonia, Calcium Ammonium Nitrate, and others), Form (Dry and Liquid), Crop Type (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, and Others), Mode of Application (Soil, Foliar, and Fertigation), and Geography

  • Report Code : TIPRE00005858
  • Category : Food and Beverages
  • Status : Published
  • No. of Pages : 200
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The nitrogenous fertilizer market was valued at US$ 72,537.57 million in 2018 and is expected to grow at a CAGR of 3.7% from 2019 to 2027 to reach US$ 100,304.42 million by 2027.

Nitrogen fertilizer is produced by utilizing nitrogen from the air and is, then, exposed to complex chemical reaction. Nitrogen is used to promote the growth of crops and offers better texture and color to plants and, thus, helps to improve agricultural productivity. The Haber Bosch process is considered to be the most preferred technique used for the production of nitrogenous fertilizers Market. Natural gas is one of the significant raw materials, which is used in the Haber Bosch process along with other forms of raw materials such as animal manure and compost, among others. The increase in population has surged the demand for food security and, thus, drives the need to use such fertilizers to supply essential nutrients in soil to promote the soil quality, ultimately, leading to higher yields.

The nitrogenous fertilizer market in North America is expected to grow at the highest CAGR during the forecast period. North America is the fastest growing market for the nitrogenous fertilizer on account of rising applications of nitrogenous fertilizer backed by positive government measures to support the growth of the industry. Further, increase in the disposable income coupled with increased investment in better agricultural facilities is also likely to drive the demand for nitrogenous fertilizer in North America market. However, environmental and health hazards posed by the use of such synthetic fertilizers has led to increased utilization of organic agricultural products. This may impede the growth of the nitrogenous fertilizer market.

 

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Nitrogenous Fertilizer Market: Strategic Insights

Nitrogenous Fertilizer Market

  • CAGR (2018 - 2027)
    3.7%
  • Market Size 2018
    US$ 72.54 Billion
  • Market Size 2027
    US$ 100.3 Billion

Market Dynamics

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OPPORTUNITIES
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Key Players

  • Bunge Limited
  • CF Industries Holdings, Inc.
  • EuroChem Group
  • Koch Fertilizer, Llc
  • Nutrien Ltd.
  • OCI Nitrogen
  • SABIC Group
  • Sinofert
  • TOGLIATTIAZOT (TOAZ)

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Type
  • Urea
  • Ammonium Nitrate
  • Ammonium Sulfate
  • Ammonia
  • Calcium Ammonium Nitrate
  • others
Form
  • Dry and Liquid
Crop Type
  • Cereals and Grains
  • Oilseeds and Pulses
  • Fruits and Vegetables
  • Others
Mode of Application
  • Soil
  • Foliar
  • Fertigation
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Market Insights

Growth of Commercial Agriculture

Commercial agriculture is basically defined as cultivating crops to sell the produce for profit in the domestic or export market. Commercial farming has reformed and initiated a gradual evolution in the agriculture sector. Rise in population coupled with use of improved technology and better infrastructural facilities have positively impacted the growth of commercial farming. The developments in agricultural industry have laid the foundation for adopting technology and use of high quality of fertilizers to boost the yield such as nitrogen based fertilizers. Thus, the growth of commercial agriculture would further entail the increasing demand for nitrogenous fertilizers. For instance, the introduction and use of coated urea coupled with increased demand for fertilizers with blended N, P and K and adoption of coated fertilizer with yeast has gained prominence in agricultural industry to improve soil fertility. At present, the majority of agricultural operations deploy the use of advanced machinery and sophisticated technologies. For instance, the use of soil sensors and drones has become an essential part of large-scale farming, and vertical farming is expected to make multiple strides by harvesting crops without the use of sunlight or soil.


Product Insights

Based on application, is segmented into urea, ammonium nitrate, ammonium sulfate, ammonia, calcium ammonium nitrate, and others. The urea segment accounted for the largest share of the global market in 2018, whereas the market for ammonium sulfate is expected to grow at the highest CAGR during the forecast period. One of the first solid nitrogen sources manufactured on a large scale capacity is ammonium nitrate. Ammonium nitrate fertilizer is very volatile nature, which makes it beneficial in specific industries. Ammonium nitrate is nearly colorless crystal salt and odorless. Application of ammonium nitrate in gardens and large scale agricultural fields improves plant growth and provides a supply of nitrogen from which plants can draw. Ammonium nitrate fertilizer is a simple compound to produce. It is produced when ammonia gas reacts with nitric acid. The chemical reaction forms a concentrated formula of ammonium nitrate, which produces prodigious amounts of heat. As a fertilizer, the compound is smeared as granules, and fused with ammonium sulfate to lessen the volatile nature of the compound.

Application Insights

Based on crop type, is segmented into cereals and grains, oilseeds and pulses, fruits and vegetables, and others. The cereals and grains segment accounted for the largest share of the market in 2018, whereas the oilseeds and pulses segment is expected to register the highest CAGR during the forecast period. All oilseed and pulses crops require nitrogen in moderately large amounts. Nitrogen is the most limiting nutrient in oilseed and pulses production all over the globe. Crops normally take up most of their nitrogen from the soil in the form of nitrate nitrogen. When soil nitrogen levels are adequate, nitrogen promotes dynamic growth and a larger leaf area with a dark green color. Soil analysis is very useful in estimating the nitrogen fertilizer requirement. The rising demand for oils and pulses all over the globe has been one of the major contributing factors for the expansion of the nitrogenous fertilizers. The increasing inclination of people towards a healthy lifestyle has promoted to the increasing consumption of oilseeds and pulses, owing to its health benefits. Thus all these factors have fueled the demand for the nitrogenous fertilizers market and also contributed to the expansion of the market all over the globe.

A few players operating in the nitrogenous fertilizer market are Bunge Limited, CF Industries Holdings, Inc., EuroChem Group, Koch Fertilizer, Llc, Nutrien Ltd.,and OCI Nitrogen. The key companies implement the mergers and acquisitions, and research and development strategies to expand customer base and gain significant share in the global market, which also allows them to maintain their brand name globally.

Report Spotlights

  • Progressive industry trends in the nitrogenous fertilizermarket to help players develop effective long-term strategies
  • Business growth strategies adopted by developed and developing markets
  • Quantitative analysis of the nitrogenous fertilizer market from 2019 to 2027
  • Estimation of global demand for nitrogenous fertilizer
  • PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry
  • Recent developments to understand the competitive market scenario
  • Market trends and outlook as well as factors driving and restraining the growth of the nitrogenous fertilizer market
  • Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
  • The size of the nitrogenous fertilizer market size at various nodes
  • Detailed overview and segmentation of the market, as well as the Nitrogenous fertilizer industry dynamics
  • Size of the nitrogenous fertilizer market in various regions with promising growth opportunities

Nitrogenous Fertilizer Market Report Scope

Report Attribute Details
Market size in 2018 US$ 72.54 Billion
Market Size by 2027 US$ 100.3 Billion
Global CAGR (2018 - 2027) 3.7%
Historical Data 2016-2017
Forecast period 2019-2027
Segments Covered By Type
  • Urea
  • Ammonium Nitrate
  • Ammonium Sulfate
  • Ammonia
  • Calcium Ammonium Nitrate
  • others
By Form
  • Dry and Liquid
By Crop Type
  • Cereals and Grains
  • Oilseeds and Pulses
  • Fruits and Vegetables
  • Others
By Mode of Application
  • Soil
  • Foliar
  • Fertigation
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Bunge Limited
  • CF Industries Holdings, Inc.
  • EuroChem Group
  • Koch Fertilizer, Llc
  • Nutrien Ltd.
  • OCI Nitrogen
  • SABIC Group
  • Sinofert
  • TOGLIATTIAZOT (TOAZ)
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

     

    Nitrogenous Fertilizer Market- by Type

    • Urea
    • Ammonium Nitrate
    • Ammonium Sulfate
    • Ammonia
    • Calcium Ammonium Nitrate
    • Others

    Nitrogenous Fertilizer Market – by Form

    • Dry
    • Liquid  

    Nitrogenous Fertilizer Market – by Crop Type

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

    Company Profiles

    • Bunge Limited
    • CF Industries Holdings, Inc.
    • EuroChem Group
    • Koch Fertilizer, Llc
    • Nutrien Ltd.
    • OCI Nitrogen
    • SABIC Group
    • Sinofert
    • TOGLIATTIAZOT (TOAZ)
    • Yara International ASA
    Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    Type , Form , Crop Type , Mode of Application , and Geography

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    Country Scope

    Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

    Frequently Asked Questions


    Based on type, which segment is fastest growing in the global nitrogenous fertilizer market during the forecast period?

    Among all six segments of product type, the ammonium sulfate is the fastest growing segment in the nitrogenous fertilizer market. Ammonium Sulfate is a chemical compound that is crystalline in nature primarily used to manufacture artificial alkaline soil fertilizers for agriculture. Ammonium Sulfate is inorganic and is a water-soluble salt containing 21% Nitrogen and 24% Sulfur. Ammonium sulfate's high nitrogen content makes it the perfect supplement for nitrogen deficient soils and lands. As lawn grass requires nitrogen, commercial lawn fertilizer products apply ammonium sulfate to stimulate quick growth of grass turf and healthy lawn grass. Ammonium sulfate fertilizers can easily blend with other nitrogen fertilizers allowing for a more stable, dry-lawn fertilizer.

    Can you list some of the major players operating in the global nitrogenous fertilizer market?

    The major players operating in the global nitrogenous fertilizer market are Bunge Limited, CF Industries Holdings, Inc., EuroChem Group, Koch Fertilizer, LLC, Nutrien Ltd, OCI Nitrogen, SABIC Group, Sinofert, Togliattiazot (TOAZ) and Yara International ASA among many others.

    Which region held the largest share of the global nitrogenous fertilizer market?

    In 2018, the nitrogenous fertilizer market was predominant by Asia Pacific at the global level. The largest market share of the Asia Pacific region is primarily attributed to the rise in population and increase in demand for food. Further, the presence of large agricultural lands along with integration of advanced technology with the use of mineral fertilizers such as nitrogen based fertilizers is propelling the demand for nitrogenous fertilizer in this region. Moreover, the growing focus towards commercial farming is also expected to boost the demand for nitrogenous fertilizers in the region. The Asia Pacific market is characterized by the strong presence of players such as SABIC Group, Sinofert, Togliattiazot. and OCI Nitrogen among others.

    The List of Companies - Global Nitrogenous Fertilizer Market

    1. Bunge Limited
    2. CF Industries Holdings, Inc.
    3. EuroChem Group
    4. Koch Fertilizer, Llc
    5. Nutrien Ltd.
    6. OCI Nitrogen
    7. SABIC Group
    8. Sinofert
    9. TOGLIATTIAZOT (TOAZ)
    10. Yara International ASA

    The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

    1. Data Collection and Secondary Research:

    As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

    Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

    1. Primary Research:

    The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

    For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

    A typical research interview fulfils the following functions:

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    • Validates and strengthens in-house secondary research findings
    • Develops the analysis team’s expertise and market understanding

    Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

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    • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

    Below is the breakup of our primary respondents by company, designation, and region:

    Research Methodology

    Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

    1. Data Analysis:

    Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

    • 3.1 Macro-Economic Factor Analysis:

    We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

    • 3.2 Country Level Data:

    Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

    • 3.3 Company Profile:

    The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

    • 3.4 Developing Base Number:

    Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

    1. Data Triangulation and Final Review:

    The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

    We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

    We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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