Pune, India, Nov. 08, 2022 (GLOBE NEWSWIRE) -- The global nitrogenous fertilizers market size is projected to reach USD 140.51 billion by the end of 2026. The massive investments in R&D products with active ingredients will aid the growth of the market. According to a report published by Fortune Business Insights, titled "Nitrogenous Fertilizers Market Size, Share & Industry Analysis, and Regional Forecast, 2019–2026,” the market was worth USD 113.70 billion in 2018 and will exhibit a CAGR of 2.73% during the forecast period, 2019-2026.
Nitrogenous fertilizers are products that are produced through a combination of substances that are inclusive of nitrogen. The constantly rising global population has created a subsequent demand for crop production across the world. Recent advances in agricultural activities will emerge in favor of the companies operating in the market. The increasing number of agricultural subsidies will bode well for nitrogenous fertilizer vendors across the globe. The ability of nitrogenous fertilizers to improve the nutrient content of agricultural crop production will lead to wider adoption of the product across the world.
Get a Sample Copy of the Research Report:
Some of the companies that are operating in the market include:
- Yara International ASA
- Nutrien Ltd.
- EuroChem Group AG.
- CF Industries Holdings Inc.
- PJSC Togliattiazot
- Koch Fertilizers, LLC
- OCI Nitrogen
- Sinofert Holdings Limited
- Coromandel International Ltd.
- URALCHEM Holding Plc.
Report Scope & Segmentation:
| Report Coverage | Details |
| Forecast Period | 2019-2026 |
| Forecast CAGR | 2.73 % |
| 2026 Value Projection | USD 140.51 Billion |
| Base Year | 2018 |
| Nitrogenous Fertilizers Market Size in 2018 | USD 113.70 Billion |
| Historical Data | 2015-2017 |
| No. of Pages | 152 |
| Segments Covered | By Type, By Crop Type , By Region |
| Nitrogenous Fertilizers Market Growth Drivers | Growing Population and Increasing Demand for Crop Production Triggers the Utility of Nitrogenous Fertilizers in the Global Marketplace |
| Extensive Research, Development and Investment Activities by Major Companies to Develop more Efficient Nitrogenous Fertilizers and Digital Farming Driving the Market Growth |
Browse Summary of this Research Report:
https://www.fortunebusinessinsights.com/nitrogenous-fertilizers-market-102532
Increasing Number of Company Collaborations Will Aid Market Growth
The report encompasses several factors that have contributed to the growth of the market in recent years. The increasing number of company mergers and acquisitions has had a massive impact on the growth of the market. Accounting to the massive demand for crop and crop produce across the world, large scale companies are looking to acquire smaller companies with a bid to establishing a stronghold in the market. In November 2019, Nutrien Ltd. announced that it has completed the acquisition of Ruralco Holdings Ltd. Through this acquisition, the company plans to build on its existing range of nitrogenous fertilizer products. Due to the massive global customer reach of the company, this acquisition will not just help the company growth, but will also have a massive impact on the growth of the market in the coming years.
Asia Pacific Holds the Highest market Share; Growing Demand for Crop Produce Will Aid Growth
The report analyses the ongoing nitrogenous fertilizers market trends across North America, Latin America, Asia Pacific, and the Middle East and Africa. Among these regions, the market in Asia Pacific holds the highest market share, driven by the huge demand for crop produce in several countries across this region. Besides Asia Pacific, the market in North America will witness considerable growth in the coming years. As of 2018, the market in North America was worth USD 21.18 billion and this value is projected to increase further in the coming years.
Inquire Before Buying This Report:
https://www.fortunebusinessinsights.com/enquiry/queries/nitrogenous-fertilizers-market-102532
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Overview of the Parent/Related Market
- Supply Chain and Regulatory Analysis
- Industry SWOT Analysis
- Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
- Global Nitrogenous Fertilizers Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Type
- Urea
- Calcium Ammonium Nitrate
- Ammonium Nitrate
- Ammonium Sulphate
- Other Nitrogenous Fertilizers
- Market Analysis, Insights and Forecast – By Crop Type
- Cereals
- Oilseeds & Pulses
- Fruits & Vegetables
- Turf & Ornamentals
- Others
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
- North America Nitrogenous Fertilizers Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Type
- Urea
- Calcium Ammonium Nitrate
- Ammonium Nitrate
- Ammonium Sulphate
- Other Nitrogenous Fertilizers
- Market Analysis, Insights and Forecast – By Crop Type
- Cereals
- Oilseeds & Pulses
- Fruits & Vegetables
- Turf & Ornamentals
- Others
- Market Analysis, Insights and Forecast – By Country
- U.S.
- Canada
- Mexico
TOC Continued…!
Speak to Our Expert:
Read Related Insights:
Specialty Fertilizers Market Size to Reach USD 39.37 Billion by 2027; Urgent Need to Cultivate Various Crops and Plants to Boost Growth, Says Fortune Business Insights™
Water Soluble Fertilizers Market Size to Reach USD 20.64 Billion by 2027; Increasing Investment in Product R&D will have a Direct Impact on Market Growth, says Fortune Business Insights™
Controlled Release Fertilizers Market to Worth $3,862.2 Million By 2026 | Fortune Business Insights™
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Contact Us:
Fortune Business Insights Pvt. Ltd.
9th Floor, Icon Tower,
Baner - Mahalunge Road, Baner,
Pune-411045, Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Connect us via Social Media Channels:
LinkedIn Facebook Twitter Blogs
