The new report by Expert Market Research titled, ‘Global Nitrogenous Fertiliser Market Price, Growth, Analysis, Report and Forecast 2021-2026’, gives an in-depth analysis of the global nitrogenous fertiliser market, assessing the market based on its segments like product type, form, crop type, application, and major regions like Asia Pacific, Europe, North America, Middle East and Africa and Latin America. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.
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The key highlights of the report include:
Market Overview (2021-2026)
• Historical Market Size (2020): USD 68 Billion
• Forecast CAGR (2021-2026): 4%
• Forecast Market Size (2026): USD 86 Billion
The growth of global nitrogen fertilizer market is driven by the rising demand from agricultural sector. The rising demand for food crops due to rapidly growing population and rising disposable incomes are increasing the demand for fertilizer which in turn is driving the growth of the market. Additionally, growing popularity of urea due to several advantages of urea, such as high nutrient density, cost per pound of nitrogen, and storage properties is expected to bolster the growth of nitrogen fertilizer market in the forecast period.
Industry Definition and Major Segments
Nitrogenous fertilisers are mineral or organic substances which are essential for plants and are used as a source of nitrogen nutrition. Nitrogen fertilizers are used in areas lacking nitrogen in soil and helps to increase crop production, land quality, soil texture, and the introduction of essential bacteria.
Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/nitrogenous-fertiliser-market
Based on product type, the market is divided into:
• Ammonium Nitrate
• Ammonia
• Ammonium Sulphate
• Calcium Ammonium Nitrate
• Urea
• Others
By form, the market is segmented into:
• Dry
• Liquid
• Others
On the basis of crop type, the market is categorised into:
• Fruits and Vegetables
• Grain and Cereals
• Turf and Ornamentals
• Pulses and Ornamentals
• Others
Based on application, the market is segregated into:
• Soil
• Foliar
• Fertigation
• Others
The regional markets for nitrogenous fertiliser include:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Market Trends
Regionally, demand for nitrogen fertilizer is primarily driven by Asia Pacific, especially in countries such as China and India. This can be attributed to large agricultural sector and vast population. The increasing productivity to meet the growing demand is driving the growth for nitrogen fertilizer market. Additionally, increasing investment and R&D activities in agriculture sector will aid the growth. Moreover, growing incentivisation and subsidies by government will propel the regional growth for nitrogen fertilizer market.
Key Market Players
The major players in the market are Yara International ASA, Bunge Limited, SABIC, EuroChem Agro GmbH, URALCHEM Holding PLC, PJSC Togliattiazot, OCI N.V., and a few others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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