The global nitrogen fertiliser industry, which was valued at USD 69 billion in 2018, is anticipated to increase significantly over the next few years. This study on the nitrogen fertiliser market includes all the crucial data needed to assess the industry’s future growth, including market size, share, demand, CAGR, gross profits, earnings, and revenue. It evaluates the information acquired from the previous years 2016 and 2017 to provide a thorough understanding of the trends and makes predictions about the potential growth of the sector from 2019 to 2026 while using 2018 as the base year.
Nitrogen speeds up the growth and development of plants, as well as their colour and texture. As a result, nitrogen fertilisers are frequently utilised in agriculture. Ammonia is converted into nitrogen fertilisers using the Haber-Bosch process. Among the other ingredients are compost and animal faeces. The agricultural industry is the main source of nitrogen fertilisers’ significant demand. The demand for nitrogen fertilisers will increase because there will always be a need for food. The market for nitrogen fertilisers is primarily driven by the need for food supply on a global scale. The demand for nitrogen fertilisers is also being driven by its advantages over other fertilisers, including increased production and yield as a result. Another element fueling the market for nitrogen fertilisers is government financing and support for the use of cutting-edge methods and fertilisers.
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Top Players in the Global Nitrogen Fertilizer Market:
- Yara International ASA
- CF Industries Holdings Inc.
- PJSC Togliattiazot
- Nutrien Ltd.
- EuroChem Group
In the upcoming years, growth may be hampered by the rising trend for organic food, which is produced primarily using natural ingredients rather than chemical fertilisers and is produced without the use of any chemicals at all. Nitrogen fertilisers are widely used, which has had a negative impact on the ecosystem. Because of the dispersion of mineral consumption, it can have an impact on the soil, surface water, and groundwater. Additionally, only a small portion of nitrogen fertilisers actually produce nitrogen; the majority is instead deposited in the soil. The primary issues limiting the market’s expansion are the fluctuation of the raw materials needed and environmental and health concerns.
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Market segmentation based on Type Outlook:
- Urea
- Calcium Ammonium Nitrate (CAN)
- Ammonium Nitrate
- Ammonium Sulphate
- Ammonia
- Others
Application Outlook:
- Grains and Cereals
- Pulses and Oilseeds
- Fruits and Vegetables
- Turf and Ornamentals
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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Frequently Asked Questions Answered in the Report:
- What is the estimated revenue growth rate of the global Nitrogen Fertilizer market over the forecast period?
- What are the major factors driving the global market revenue growth?
- Which are the leading manufacturers and suppliers in the global Nitrogen Fertilizer market?
- Which regional market is expected to lead in terms of revenue share in the global Nitrogen Fertilizer market over the forecast years?
- What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?
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