About Nitrogen Fertilizer
Growing Consumption of urea-based nitrogenous fertilizers will help to boost the global nitrogen fertilizer market in the forecasted time period. Nitrogen Fertilizer is one of the most common kinds of fertilizers created out of nitrogen (N) chemical combinations. It is considered as an organic fertilizer, the plant nutrient must contain 5% minimum of nitrogen. Urea is the most extensively used nitrogenous fertilizer around the world, mainly because of the high nitrogen content (46%). However, excessive uses of these nitrogen fertilizers might degrade soil fertility, in turn, it will stagnate the demand for these fertilizers.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 3.13% |
Nitrogen Fertilizer is a fragmented market due to the presence of several players. The players are focusing on strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that Asian Vendors will contribute the maximum growth to Global Nitrogen Fertilizer market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Coromandel International (India), Yara International ASA (Norway), CF Industries Holdings, Inc. (United States), Agrium (Canada), Bunge Limited (United States), CVR Partners LP (United States), Koch Industries, Inc. (United States), Sinofert Holdings Limited (China), EuroChem Group AG (Switzerland) and Potash Corporation (Canada) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Nutrien Ltd. (Canada), OCI N.V. (Netherlands) and SABIC (Saudi Arabia).
Segmentation Overview
AMA Research has segmented the market of Global Nitrogen Fertilizer market by Type (Urea, Calcium Ammonium Nitrate (CAN), Ammonium Nitrate, Ammonium Sulphate, Ammonia and Other Nitrogenous Fertilizers), Application (Grains and Cereals, Pulses and Oilseeds, Fruits and Vegetables, Turf and Ornamentals and Other Applications) and Region.
On the basis of geography, the market of Nitrogen Fertilizer has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement.
Influencing Trend:
Robust Growth and Applications of Urea which is one of the Most Commonly Used Nitrogen Fertilizer and Growing R&D in Minimizing the Side Effects of Nitrogen Fertilizers
Market Growth Drivers:
Growing Need for Increased Crop Yield Across the Globe and Increasing Adoption of Nitrogen Fertilizers across the Developing Countries
Challenges:
Volatile Raw Material Prices and Lack of Awareness from Underdeveloped Regions and Stringent Manufacturing Regulations and Standards
Restraints:
Excessive Fertilizer Use Minimises the Crop Yield and Availability of Numerous Fertilizer Substitutes
Opportunities:
Increasing Production of Corn and Sugar Cane from Asian and African Agricultural Land and Growing Need for Increased Soil Fertility due to Increasing Population
Market Leaders and their expansionary development strategies
In March 2024, Argus launched the world's first assessments for low and zero-carbon calcium ammonium nitrate (CAN), an important nitrogen-based fertilizer used extensively in Europe. The new calculated assessments show the cost of producing CAN with either blue ammonia — made using natural gas, but such that associated carbon emissions
According to the Indian Government's Department of Fertilizers, there are 30 urea units in the country out of which 27 urea units use Natural Gas (using either domestic gas/LNG or both) and remaining three urea units use Naphtha as feedstock. The MRP of urea is statutorily fixed by the Government of India and it is around 5000 rs. per MT (exclusive of the Central/State Taxes), which includes Rs. 180/MT as dealer margin for private traders/PSUs & Rs. 200/MT for Co-operatives and Rs. 50/MT to retailers for acknowledging the receipt and reporting the stock in mFMS (iFMS) as an additional incentive.
Key Target Audience
Nitrogen Fertilizers Manufacturers, Nitrogen Fertilizers Distributors and Traders, Nitrogen Fertilizers Upstream & Downstream Buyers, Government Agencies, Research and Development Institutes, Agricultural Industry Associations, Non Profit Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.