Global Nitrogenous Fertilizer Market to be Worth $117.20 Billion by 2032 

The global nitrogenous fertilizer market was estimated at USD 56.84 Billion in 2021. Between 2023 and 2032, it is predicted to expand at a 6.8 percent annual compound rate in revenue.

Market Demand for Global Nitrogenous Fertilizer Market Demand

The world market for nitrogenous fertilizers is being caused by the rise in demand for commercial agriculture. Due to increasing populations, the need for food products has been increasing at a rapid rate. Because they increase crop yields and are a source of nutrients, the need for nitrogenous fertilizers is rising across the world. Market growth is being driven through the increased utilization of nitrogenous fertilizers within many agricultural products such as vegetables, cotton, and fruit. There is a rising demand for nitrogen-rich crops because of the variety of crops that are seasonal. The climate plays an important role in crop production. The seasons determine the demand for nitrogenous fertilizers.

Driving Factors:

The demand for sustainable agriculture is growing.

The global market for nitrogenous fertilizers will increase due to the increasing population as well as the growing need for safe, nutritious affordable, and healthy food items. The most effective nitrogen fertilizers are able to produce yield-enhancing crops. This market will take advantage of shrinking agricultural land, and increasing precision farming techniques like sprinkler or drip irrigation.

It is vital to ensure that soil nutrients such as nitrogen are preserved and replenished so that crops can increase yield and growth. Many commercial fertilizers are water-soluble making them easy to be absorbed by plants.

To improve soil fertility In order to improve soil fertility, the green manure method is used. This process is carried out when crops are in their green stage of vegetables. Proper nitrogen fertilizer management is crucial for healthy plants, high yields, and profitable farm business.

Market Restrictions Factors that Influence Nitrogenous Fertilizer:

Commercialization of low-quality biostimulant products

The most popular nitrogenous fertilizer market may be released into groundwater via heavy rainfall. This could cause serious economic and environmental damage. The Government of Western Australia recommended that nitrogenous fertilizers not be employed near rivers or drains. Only apply them to pasture that is healthy and able to take the fertilizers. These recommendations are likely to decrease the negative effects of excessive nitrogen fertilizer use.

Nitrogenous Fertilizer Market Trends:

Urea is one of the most widely utilized nitrogen fertilizers in the world because of its high nitrogen content (46 percent). China, as well as India, are both the largest Urea consumers and producers in the world. Natural gas-rich countries especially those in the GCC region and the GCC region, are the biggest exporters of Urea. According to the International Fertilizer Association, the global demand for urea is expected to increase by 1.6 percent annually to increase to 188.0million tonnes by 2022. The supply (effective capacity) could reach 197.0million tonnes. The forecast timeframe suggests that Urea demand will increase across all regions, excluding Europe. Latin America, South Asia as well as Southeast Asia are the major suppliers.

Recent Changes:

April 2021: Koch Fertilizer, LLC., a major manufacturer and distributor of fertilizers, starts an initiative to facilitate change using drones that are autonomous at Koch Fertilizer's largest manufacturing facility.

March 2021: Koch Fertilizer, LLC. The Enid, Oklahoma nitrogen manufacturing plant was purchased for $150 million. This investment will help increase urea production, improve the efficiency of the existing units, and enable them to manufacture as high as 1.8 million tons annually of ammonia-based products.

Market Key Players:

Kynoch Fertilizer, Sorfert, Sasol, Bunge Ltd., Nutrien Ltd., Yara, Rolfes Agri (Pty) Ltd., TriomfSA, Omnia Holdings Limited, and Aquasol Nutri, among other players are key vendors within the Nitrogenous fertilizer industry.

Nitrogenous Fertilizer Market Segmentation:

Market.US has segmented the market for Nitrogenous Fertilizers according to geography (North America, Europe, APAC, and South America) as well as the Middle East and Africa. Market.US has broken down the market by product type into Urea, Methylene Urea, Ammonium Nitrate, and Ammonium Sulfate. The market is further divided into end-user segments into Cereals & Grains and Oilseeds & Pulses and Fruits & Vegetables and Other Applications.

Most Of The Time Asked Questions:

How big is the Nitrogenous Fertilizer market?

The Nitrogenous Fertilizer Market was estimated at USD 56.84 Billion in 2021. It is anticipated to reach $117.20 Billion in 2032.

What is the market for Nitrogenous Fertilizers?

The Nitrogenous Fertilizer Market is expected to expand at a compound annual rate of 6.8 % between 2021 and 2032, reaching $117.20 Billion in 2032.

Which of the segments had the largest part of the Nitrogenous Fertilizer Market?

With the market's share at more than 60%, the Asia Pacific was the dominant region of the industry of nitrogenous fertilizers in 2021. This is due to advances in agricultural practices as well as abundant agricultural land.

What are the main factors driving the Nitrogenous Fertilizer Market?

The technological advancements in the fertilizer business, as well as the expansion of commercial farming, are the main factors driving expansion in the market of nitrogenous fertilizers.

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