Nitrogenous Fertilizers Market projected to grow with significant CAGR over the forecast

Nitrogenous Fertilizers Market projected to grow with significant CAGR over the forecast

 

Naturally nitrogenous fertilizers are present in animal manure and compost, but they can also be produced artificially through the process of Haber Bosch. Nitrogenous fertilizers help plants grow faster with better colour and texture.

 Nitrogenous Fertilizers Market Dynamics

Demand for high performing fertilizers, reduction in farming lands and overall productivity of agriculture, health concern of growing population across the world and a clear shift of population towards eco-friendly products are the main driving forces for the Nitrogenous Fertilizers market.

On the other side, high manufacturing cost, regulatory and environmental factors for use of coated products will continue to be constraints for the growth of the nitrogenous fertilizers market.

 

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Nitrogenous Fertilizers Market – Segmentation

The nitrogenous fertilizers market can be segmented on the basis of product type, crop type, mode of application, and geography.

On the basis of product type, the nitrogenous fertilizers market can be classified into the following categories:-

  • Ammonium Nitrate
  • Calcium Ammonium Nitrate (CAN)
  • Urea
  • Ammonium Sulphate

 

On the basis of crop type, the nitrogenous fertilizers market can be classified into the following categories:-

 

  • Cereals and grains
  • Oilseeds and pulses
  • Fruits and vegetables

 

On the basis of mode of application, the nitrogenous fertilizers market can be classified into the following categories:-

 

  • Fertigation
  • Soil
  • Foliar

 

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Nitrogenous Fertilizers Market – Region Wise

 

On the basis of geography, the nitrogenous fertilizers market can be broadly divided into the following regions:-

 

  • North America
  • Latin America
  • Asia Pacific
  • Europe
  • Middle east and Africa

 

When we look at the region wise growth scope of nitrogenous fertilizers market, North America seems to be leading, mainly due to inclination of the population towards eco-friendly farming. The United States likely to play a very important role as there is increased demand for healthy food and there is likely to have increased fruits and vegetables production in this region. Europe will be the second most significant market owing to its increased R & D activities, inclination of the population towards nitrogenous fertilizers and adoption of novel agricultural practices.

 

However, Asia-Pacific and Latin America being largest producer of corn and rice are attracting the players the most. These players are adopting strategies like acquisition, new product development, and expansion in order to grow.

 

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Nitrogenous Fertilizers Market – Key Players

 

Some of the major players in the nitrogenous fertilizers market are listed below:-

 

  • Agrium Inc. (Canada)
  • The Dow Chemical Company (U.S.)
  • Yara International ASA (Norway)
  • Bayer CropScience AG (Germany)
  • Coromandel International Limited (India)
  • DuPont (U.S.)
  • Koch Industries Inc. (U.S.A.)
  • Syngenta AG (Switzerland)
  • Potash Corp. of Saskatchewan Inc. (Canada)
  • Monsanto Company (U.S.)
  • INCOTEC Group BV (Netherlands)

 

 

Nitrogenous Fertilizers Market – Recent Developments

 

  • August 2014 – Tata Chemicals launched Tata Paras ammonium phosphate sulfur fertilizer.

 

 

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