The global demand for Nitrogenous Fertilizers Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Nitrogenous fertilizers are primarily used to enhance the quality of crops, texture and growth rate. Nitrogen performs as a primary building block for protoplasm and is involved in the process of photosynthesis. These fertilizers mainly contain varying the amount of ammonium nitrate, ammonium sulfate, calcium ammonium nitrate, urea, and other substances, which are mixed with animal dung.
The rising population and decreasing cultivatable land across the globe are among the key factors driving the growth of the market. Besides, the implementation of favorable government policies promoting the usage of advanced fertilizers for higher yield is another major growth-inducing factor. In addition to this, the shortage of farmable land, owing to growing urbanization and industrialization, is augmenting the demand of these fertilizers for maximizing productivity.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of nitrogenous fertilizers.
The entire nitrogenous fertilizers market has been sub-categorized into type, crop type, form, and mode of application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Crop Type
- Ammonium Nitrate
- Ammonium Sulfate
- Calcium Ammonium Nitrate (CAN)
By Mode of Application
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
This section covers regional segmentation which accentuates on current and future demand for nitrogenous fertilizers market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Nitrogenous Fertilizers Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the nitrogenous fertilizers market include Yara International, Bunge, CF Industries, TogliattiAzot, Nutrien, EuroChem, OCI, URALCHEM, ICL Specialty Fertilizers, SABIC, Indian Farmers Fertiliser Cooperative and Others. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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