The nitrogenous fertilizers market was valued at USD 110.55 billion in 2016. It is projected to grow at a CAGR of 2.33% from 2017, to reach USD 126.96 billion by 2022.

The years considered for the study are as follows:

Base year � 2015

Estimated year � 2016

Projected year � 2022

Forecast period � 2016 to 2022

The objectives of the report are as follows:

To define, segment, measure, and project the nitrogenous fertilizers market with respect to fertilizer type, crop type, mode of application, form, and key regions

To identify, analyze, and comment on crucial factors influencing the overall market (drivers, restraints, opportunities, and industry-specific challenges)

To profile the key players to comprehensively analyze their core competencies and market strategies and provide an overall competitive landscape in the market

Analyzing the demand-side factors based on the impact of macro and microeconomic factors on the market and shifts in the demand patterns across different subsegments and regions

Research Methodology:

Major regions were identified along with countries contributing the maximum share.

Secondary research was conducted to obtain the value of nitrogenous fertilizers market for regions such as North America, Europe, Asia Pacific, South America, and RoW.

Key players have been identified through secondary sources such as the Bloomberg Businessweek, Factiva, agricultural magazines, and companies� annual reports, while their market share in the respective regions has been determined through both, primary and secondary research.

The research methodology includes the study of annual and financial reports of top market players as well as interviews with industry experts (such as CEOs, VPs, directors, and marketing executives) for key insights (both quantitative and qualitative) for the nitrogenous fertilizers market.

To know about the assumptions considered for the study, download the pdf brochure

The key players that have been profiled in this report include Yara International ASA (Norway), CF Industries Holdings (US), Nutrien [Agrium (Canada) and Potash Corp. of Saskatchewan (Canada)], and EuroChem Group AG (Switzerland).

Target Audience

The stakeholders for the report are as follows:

Supply-side stakeholders: fertilizer producers, suppliers, distributors, importers, and exporters

Demand-side stakeholders: Large contract-scale farming companies, farmers and researchers

Regulatory-side stakeholders: Concerned government authorities and other regulatory bodies

Other related associations, research organizations and industry bodies: Food and Agriculture Organization (FAO), International Fertilizer Industry Association (IFA), International Fertilizer Society (IFS) and Organization for Economic Co-operation and Development (OECD)

Scope of the report

This research report categorizes the nitrogenous fertilizers market based on type, crop type, application, form, and region.

On the basis of Type, the market has been segmented as follows:

Urea

Ammonium Nitrate

Ammonium Sulfate

Calcium ammonium nitrate (CAN)

Others (NPK blends, potassium nitrate, diammonium phosphate (DAP), monoammonium phosphate (MAP), and other nitrogen & phosphate compounds)

On the basis of Crop Type, the market has been segmented as follows:

Cereals & grains

Oilseeds & pulses

Fruits & vegetables

Others (floriculture crops, permanent crops, plantation crops, pastures, grasslands, and other agricultural cultivation)

On the basis of Application, the market has been segmented as follows:

Soil

Foliar

Fertigation

Others (aerial application, basal application, and starter solution)

On the basis of Form, the market has been segmented as follows:

Liquid

Dry

Others (granular and pelleted)

On the basis of Region, the market has been segmented as follows:

North America

Europe

Asia Pacific

South America

Rest of the World (the Middle East and Africa)

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company�s specific scientific needs.

The following customization options are available for the report:

Product Analysis

Product matrix, which gives a detailed comparison of the product portfolio of each company

Company Information

Detailed analyses and profiling of additional market players (up to five)

The nitrogenous fertilizers market is projected to grow at a CAGR of 2.33% from 2016, to reach a projected value of USD 126.96 billion by 2022. The growing need to increase the productivity, level yield, and fertilizer intensity gaps across regions, as well as increasing awareness regarding soil profile and nutritional balance backed by government support, are the major drivers for the market.

On the basis of type of nitrogenous fertilizers, urea is most widely used in agriculture and has contributed to nearly 90% of the growth of the nitrogenous fertilizers market in the past decade. Urea is preferred as a substitute for ammonium nitrate and is used widely as farmers have identified it as an economical and easy to use an alternative. Ammonium nitrate is projected to grow at the fastest CAGR between 2016 and 2022, due to its increasing demand attributed to the rapid absorption features of the nitrate compounds by plants, with minimal loss of nutrients as compared to other nitrogen fertilizers. Nitrogen fertilizers have been witnessing traction in the market in the form of slow release and specialty fertilizers along with nitrogen stabilizers to reduce the excessive wastage of these fertilizers.

Dry nitrogenous fertilizers are widely used as they are easily available and inexpensive as compared to the liquid nitrogenous fertilizers. In addition, farmers are becoming aware of the advantages of liquid nitrogenous fertilizers, which include their stability and enhanced efficiency for absorption by crops. This has led to an increase in the demand for liquid nitrogenous fertilizers.

The Asia Pacific region accounted for the largest share of the total nitrogenous fertilizers market in 2015, due to the presence of several leading players producing nitrogenous fertilizers for various applications in the region. South America is expected to grow at the highest CAGR, due to the growing awareness about the advantages of other forms of nitrogenous fertilizers among farmers in the region.

Farmers across the globe use some amount of synthetic or chemical fertilizers to boost productivity. However, the growing trend of preference for organic food that is produced without any synthetic or chemical components or is produced mainly with natural components or biofertilizers has been witnessed in recent years. This is due to growing health awareness, environment protection, food safety, and other related concerns and is made affordable by rising income levels. This, in turn, is projected to impact the nitrogenous fertilizers market during the forecast period.

Over the past years, competition in the nitrogenous fertilizers market has intensified. Yara International ASA (Norway), CF Industries Holdings Inc. (US), Agrium Inc. (Canada), Potash Corp. of Saskatchewan Inc. (Canada), and EuroChem Group AG (Switzerland) are some of the major players dominating the market. Growth in the market for nitrogenous fertilizers is largely driven by strategies such as expansions, acquisitions, and investments & divestments, which improved the product offerings and catered to the demand for nitrogenous fertilizers in various regions.

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