Global Nitrogenous Fertilizer Market is accounted for $130.33 billion in 2020 and is expected to reach $181.12 billion by 2028 growing at a CAGR of 4.2% during the forecast period. Rising awareness about soil profile & nutritional balance and need to increase productivity and to level yield & fertilizer intensity gaps are the major factors propelling the market growth.
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By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the advancements in farming methods along with the presence of large agricultural lands. The region is home to various emerging economies including China, India, Indonesia, Philippines, Malaysia, and Thailand. Asian countries have a large area available for cultivation, considerably high rural population, and favourable climatic conditions. The region is anticipated to witness the highest growth for nitrogenous fertilizers in terms of revenue and volume. Prominent global manufacturers of nitrogenous fertilizers have set up their production units in Asian countries on account of rising demand and increasing focus on food security.
Some of the key players profiled in the Nitrogenous Fertilizer Market include Bunge, CF Industries Holdings, Coromandel International Ltd, EuroChem Group AG, Hellagrolip, ICL Fertilizers, Koch Industries, Nutrien, OCI Nitrogen, SABIC Group, Sinofert, Sinofert Holdings Limited, TogliattiAzot, UralChem JSC, and Yara International ASA.
Types Covered in Nitrogenous Fertilizer Market
• Ammonia
• Ammonium Nitrate
• Ammonium Sulfate
• Calcium Ammonium Nitrate (CAN)
• Diammonium Phosphate (DAP)
• Monoammonium Phosphate (MAP)
• Nitrogen, Phosphorous and Potassium (NPK) Blends
• Potassium Nitrate
• Urea
Crop Types Covered:
• Cereals & Grains
• Floriculture Crops
• Fruits & Vegetables
• Grasslands
• Oilseeds & Pulses
• Pastures
• Permanent Crops
• Plantation Crops
• Turf and Ornamentals
Forms Covered:
• Liquid
• Dry
• Granular
• Pelleted
Applications Covered:
• Aerial
• Basal
• Fertigation
• Foliar
• Soil
• Starter Solution
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