The nitrogenous fertilizer market is likely to gain growth due to increasing population and governments’ funding to use of advance techniques and fertilizer for high productivity to meet the growing demand. Europe and North America are likely to witness steady growth over the forecast period due to market saturation. While, South America and Africa are predicted to exhibit high growth in the coming years due to huge cultivation of rice, corn, and sugarcane in these regions.
Growing Demand for Bio-Based Fertilizers Drives the Market
Bio-based fertilizers can possibly fulfill crop requirements including nitrogen, phosphorus, potassium, etc. They are viewed as the future of fertilizers, as they have the ability to solve the problems of salinity of the soil and the chemical-run offs from fields. Excess use of chemical fertilizers has led to the pollution and contamination of the soil. Bio-based nitrogenous fertilizers have solved this issue, as they are comparatively low on cost inputs and are light on the pockets of the farmers and they help in increasing the crop yield by 10-25%.
Nitrogenous fertilizers provide enough nutrient support to the crop and play a vital role in increasing productivity. Farmers from almost all the regions have adopted nitrogenous fertilizers rapidly for higher production and returns. Governments in several developing countries are further supporting the fertilizer market through favorable policies and schemes to satisfy the domestic food demands in their respective countries.
Asia-Pacific Dominates the Market
Asia Pacific has been dominating the global nitrogenous fertilizer market, and this trend is expected to continue shortly. Rice production is expected to dominate the demand for nitrogenous fertilizers in Asia- Pacific. Grains and oilseeds have the highest share in total nitrogenous market. Nearly half of the market share is dominated by China and India, as they are the most populous countries in the region contributing to the increasing demand for nitrogenous fertilizers. Asia-pacific is anticipated to offer profitable growth prospects, as companies in the region have implemented business strategies such as collaborations and product development to enhance their market shares.
Major Players: AGRIUM, INC, YARA INTERNATIONAL, COROMANDEL INTERNATIONAL LTD, POTASH CORPORATION OF SASKATCHEWAN, AND NUFARM LTD, among others.
Reasons to Purchase the Report
- To have an understanding of the fastest growing regions in the global nitrogenous fertilizer market and their growth trends during the forecast period
- The report outlines drives, restraints and trends that are currently affecting the market
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- The report covers in-detail insights about the competitors overview, company share analysis
- Identify the latest developments, market shares and strategies employed by the major market players.
- 3-month analyst support, along with the Market Estimate sheet (in Excel).
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1.1 Market Definition
1.2 Key Findings of the Study
2. Research Scope & Methodology
2.1 Study Deliverables
2.2 Study Assumptions
2.3 Research Methodology
2.4 Research Phases
3. Market Dynamics
3.1.1 Technological Innovations in the Fertilizer Industry
3.1.2 Growing Demand for Bio-based Fertilizer
3.1.3 Growth in Demand for Micronutrient Fertilizer
3.2.1 Regulatory and Environmental Constraints
3.2.2 High Production Cost
3.2.3 Low Crop Prices
3.3 Porter’s Five Forces Analysis
3.3.1 Bargaining Powers of Buyers
3.3.2 Bargaining Powers of Suppliers
3.3.3 Threat of New Entrants
3.3.4 Threat from Substitute products
3.3.5 Competition Rivalry
4. Market Segmentation
4.1 By Type
18.104.22.168 Calcium Ammonium Nitrate (CAN)
22.214.171.124 Ammonium Nitrate
126.96.36.199 Ammonium Sulfate
188.8.131.52 Other Nitrogenous Fertilizers
4.2 By Application
4.2.1 Crop-Based Application
184.108.40.206 Cereals & Oilseeds
220.127.116.11 Oil Seeds
18.104.22.168 Fruits & Vegetables
4.2.2 Non-Crop-Based Application
22.214.171.124 Turf & Ornamentals
4.3 By Geography
4.3.1 North America
126.96.36.199 United States
188.8.131.52 Rest of North America
184.108.40.206 United Kingdom
220.127.116.11 Rest of Europe
18.104.22.168 Rest of Asia-Pacific
4.3.4 South America
22.214.171.124 Rest of South America
126.96.36.199 South Africa
188.8.131.52 Rest of Africa
5. Competitive Landscape
5.1 Most Adopted Strategies
5.2 Most Active Companies
5.3 Market Share Analysis
6. Company Profiles*
6.1 Agrium, Inc.
6.2 Bunge Ltd
6.3 CF Industries Holdings Inc.
6.4 Coromandel International Ltd
6.5 CVR Partners
6.7 Indian Farmers Fertiliser Cooperative
6.8 Koch Industries Inc.
6.9 Nufarm Ltd
6.10 Potash Corporation of Saskatchewan
6.11 Sinofert Holdings Ltd
6.13 Yara International
*List not exhaustive
7. Future Outlook of the Market
- AGRIUM INC.
- BUNGE LTD.
- CF INDUSTRIES HOLDINGS INC.
- COROMANDEL INTERNATIONAL LTD.
- CVR PARTNERS
- INDIAN FARMERS FERTILISER COOPERATIVE
- KOCH INDUSTRIES INC.
- NUFARM LTD
- POTASH CORPORATION OF SASKATCHEWAN
- SINOFERT HOLDINGS LTD.
- YARA INTERNATIONAL