Nitrogenous Fertilizers Market:
The GMI Research forecasts that the nitrogenousfertilizers market is witnessing an upsurge in demand during the forecastperiod. This is mainly due to the strong demand for crop production andincreasing population.
NitrogenousFertilizers Market’s leading Manufacturers:
· Nutrien Ltd.
· Bunge Limited
· OCI Nitrogen
· Yara
· EuroChem Group
· ICL Fertilizers
· Sinofert Holdings Limited
· CF Industries Holdings, Inc.
· Koch Ag & Energy Solutions,LLC
· CVR Partners, LP.
NitrogenousFertilizers Market Dynamics (including market size, share, trends, forecast,growth, forecast, and industry analysis)Key Drivers
The strong demand for crop production andincreasing population are the major factors surging the growth of the global nitrogenousfertilizers market. There has been an upsurge in demand to supplynutritious, affordable, and safe food to the rapidly growing population.Nitrogenous fertilizers are highly recommended to unlock the high yieldingpotential of the crop. Additionally, declining farmland and increasing areaunder precision farming, such as drip and sprinkler irrigation, are factorsthat accelerate the growth of the market. Nitrogen used in commercialfertilizers is especially soluble in assimilation and easy uptake by the plant.Nitrogen is essential for increasing crop growth and crop yield as it helps to maintainand restore soil nutrients. All these factors play an important role insupporting the growth of the global nitrogenous fertilizers market.
There is a requirement for proper nitrogenfertilizer management to grow healthy plants, surge the farm business, andgenerate good yield. Additionally, nitrogen fertilizers use the green manuremethod, which focuses on improving the soil fertility quality by theintegration of nitrogen into the soil of any field. There are various benefitsregarding crop growth, however, the harmful effect of nitrogenous fertilizerson the environment cannot be ignored as excess use of nitrogen at a high levelcan cause harm to aquatic organisms, plant species, and depletion of soilnutrients. Several organizations are focusing on numerous R&D activities todecrease the negative impact of nitrogenous fertilizers. For example, in 2019,Yara introduced Yaralix, which is a tool for precision farming and enablesfarmers to measure the need for nitrogen for the crop through theirsmartphones. These innovations are boosting the growth of the globalnitrogenous fertilizers market. The COVID-19 pandemic has adversely impactedmultiple industries owing to the lockdown across the world. The chemical &materials sector is one of the most affected sectors, which has faced interruptionsin the manufacturing and supply chain of its products in the pandemic. Thisfactor has hampered the growth of the global nitrogenous fertilizers market.
NitrogenousFertilizers Market Segmentation:Segmentationby Product:
· Urea
· Ammonium Nitrate
· Ammonium Sulfate
· Ammonia
· Calcium Ammonium Nitrate
· Others
Segmentationby End-Use:
· Cereals & Grains
· Oilseeds & Pulses
· Fruits & Vegetables
· Others
Segmentationby Region:
· North America
o United States of America
o Canada
· Asia Pacific
o China
o Japan
o India
o Rest of APAC
· Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe
· RoW
o Brazil
o South Africa
o Saudi Arabia
o UAE
o Rest of the world (remainingcountries of the LAMEA region)
About GMI Research
GMI Research is a market research andconsulting company that provides syndicated research reports, consultingservices, and customized market research reports. Our reports are based onmarket intelligence studies to ensure relevant and fact-based research acrossnumerous sectors, including healthcare, automotive, information technology& communication, FMCG, and other industries. GMI Research’s deepunderstanding related to the business environment helps us in generatingobjective strategic insights. Our research teams consisting of seasonedanalysts and researchers have hands-on experience in various regions, includingAsia-pacific, Europe, North America, and the Rest of the World. The marketresearch report offers in-depth analysis, which contains refined forecasts, abird’s eye view of the competitive landscape, factors impacting the marketgrowth, and several other market insights to aid companies in making strategicdecisions. Featured in the ‘Top 20 Most Promising Market ResearchConsultants’ list of Silicon India Magazine in 2018, we at GMI Research arealways looking forward to help our clients to stay ahead of the curve.
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