Quick Summary:
As we observe the globetrotting journey of economic recovery, the Global Nitrogenous Fertilizers Market is projecting striking growth, an essential component for decision-makers seeking sustainable investment and expansion strategies. With a market size anticipated to increase from US$55.9 billion in 2022 to an impressive US$78.2 billion by 2030, the golden opportunity to delve into a prosperous market stands in front of your eyes. Critical information on this versatile industry is encapsulated in our comprehensive market research report.
The report shines a spotlight on key market segments, including the emergent Urea sector, forecasted to hit US$24.5 billion by 2030. Region-specific insights are detailed as well, outlining the prominent role of the U.S., China, and Asia-Pacific markets. Also featured is a thorough analysis of prominent competitors, offering you an in-depth view of the market landscape and future projections. The market’s trajectory and your company’s growth can align optimally with the intrinsic understanding our report provides. Complementary bespoke updates and digital archive access for a year further enhance the value proposition.
Global Nitrogenous Fertilizers Market to Reach $78.2 Billion by 2030
The global market for Nitrogenous Fertilizers estimated at US$55.9 Billion in the year 2022, is projected to reach a revised size of US$78.2 Billion by 2030, growing at a CAGR of 4.3% over the analysis period 2022-2030. Urea, one of the segments analyzed in the report, is projected to record a 4.2% CAGR and reach US$24.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Ammonium Sulfate segment is readjusted to a revised 5% CAGR for the next 8-year period.
The U.S. Market is Estimated at $15.2 Billion, While China is Forecast to Grow at 7.2% CAGR
The Nitrogenous Fertilizers market in the U.S. is estimated at US$15.2 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$16.3 Billion by the year 2030 trailing a CAGR of 7.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.3% and 3.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$10.5 Billion by the year 2030.Select Competitors (Total 34 Featured) -
- Agrium Inc.
- Bunge Limited
- CF Industries Holdings Inc.
- Coromandel International Ltd.
- EuroChem Group AG
- Koch Fertilizer, Llc
- Nutrien Ltd.
- OCI Nitrogen
- Potash Corp. of Saskatchewan Inc.
- SABIC Group
- Sinofert
- Togliattiazot (TOAZ)
- Yara International ASA
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Nitrogenous Fertilizers?
What is the growth rate of the Global Market for Nitrogenous Fertilizers?
What is the forecasted size of the Global Market for Nitrogenous Fertilizers?
Who are the key companies in the Global Market for Nitrogenous Fertilizers?
| Report Attribute | Details |
|---|---|
| No. of Pages | 89 |
| Published | November 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 55.9 Billion |
| Forecasted Market Value ( USD | $ 78.2 Billion |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Agrium Inc.
- Bunge Limited
- CF Industries Holdings Inc.
- Coromandel International Ltd.
- EuroChem Group AG
- Koch Fertilizer, Llc
- Nutrien Ltd.
- OCI Nitrogen
- Potash Corp. of Saskatchewan Inc.
- SABIC Group
- Sinofert
- Togliattiazot (TOAZ)
- Yara International ASA
