In 2021, the world market for nitrogenous fertilizers was estimated at USD 56 846 million. It is expected to grow at the rate of 6.8 percent annual compound growth rate (CAGR) in terms of revenue between 2023 and 2032.
Market.us offers the Nitrogenous Fertilizer Global Market Report 2022 available in its store for research reports. The report is the most comprehensive available and covers 60 countries. The breakdowns of country and regional breakdowns section gives an analysis of the market in each location and how much it is both by region as well as by country. It provides information on the market's past and projected growth and highlights key trends and strategies that market players can take advantage of.
The market for nitrogenous fertilizers consists of sales by corporations as well as sole traders and partnerships of nitrogenous fertilizers. These entities are mineral and organic substances used to provide the plant's nitrogen needs. It is a chemical compound that contains nitrogen at a higher level than any other nutrient. In fertilizers used for the production of crops, nitrogen can be included in substances: ammonia (nitrates), nitrates ammonium, and urea.
Urea
Ammonium Nitrate
Ammonium Sulfate
Calcium ammonium nitrate (CAN)
Cereals and Grains
Pulses and oilseeds
The main raw materials for making nitrogenous fertilizers are hydrogen and nitrogen. The main nutrient found in fertilizers is nitrogen, which is required by plants in huge amounts. Hydrogen is a key element in ammonia which is a key ingredient in numerous fertilizers. Most commercially-produced ammonia has hydrogen and nitrogen. The availability of the raw material can affect the prices and production of nitrogenous fertilizers.
Leading manufacturers are investing massively in R&D activities to introduce new products as well as expand their product portfolios. Market leaders are expanding the reach of their products to a larger market by opening stores in strategic areas around the globe to aid farmers in their countries. The Asia Pacific is expected to witness significant growth over the coming years owing to the presence of numerous agrarian economies such as China, India, Indonesia, and many others within the region. India and China are expected to dominate the market for nitrogenous fertilizers during the period forecast.
The market leaders in nitrogenous fertilizers include Kynoch Fertilizer, Sorfert Algerie Spa, OCI Nitrogen, Nutrien Ltd., Yara Fertilisers India Private Limited, Rolfes Agri (Pty) Ltd.,and Rolfes (Ptilizers, ICL Fertilizers, Hellagrolip SA, Coromandal International Limited, Notore Chemical Industries Plc, and TogliattiAzot