Pune, India, Dec. 16, 2021 (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, By Type (Urea, Calcium Ammonium Nitrate, UAN, Ammonium Sulphate, and Other Nitrogenous Fertilizers), By Crop Type (Cereals, Pulses & Oilseeds, Fruits & Vegetables, and Turf & Ornamentals), 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.
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 production across the world, large-scale companies are looking to acquire smaller companies with a bid to establish 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 grow, but will also have a massive impact on the growth of the market in the coming years.
Get Sample PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/sample/nitrogenous-fertilizers-market-102532
The 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 the Asia Pacific holds the highest market share, driven by the huge demand for crop production in several countries across this region. Besides the 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.
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.
Inquiry Before Buying:
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
TOC Continued…!
Industry Developments:
January 2018: Tata Chemicals announced that it has completed the sale of its urea fertilisers business unit to Yara Fertilisers India for an estimated INR 2,682 crore.
Have a Look at Related Research News:
Biofertilizers Market Size, Share & COVID-19 Impact Analysis, By Type (Nitrogen Fixing, Phosphate Solubilizers, and Others), Microorganism (Rhizobium, Azotobacter, Azospirillum, Pseudomonas, Bacillus, VAM, and Others), Application (Seed Treatment, Soil Treatment, and Others), Crop Type, and Regional Forecast, 2020 – 2027
Urea Fertilizers Market Size, Share & Industry Analysis, By Product Type (Conventional Urea Fertiliser, Specialty Urea Fertiliser)and Regional Forecast, 2021-2028
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
