Global Nitrogen Fertilizer Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Nitrogen Fertilizer Market Report by The Business Research Company covers nitrogen fertilizer market drivers and restraints, nitrogen fertilizer market size, major players, and the impact of COVID-19 on the nitrogen fertilizer market.
The nitrogen fertilizers market consists of sales of nitrogenous fertilizers. Nitrogen fertilizer manufacturers produce fertilizers from sewage or animal waste and manufacture nitrogenous materials and mix them into fertilizers. Ammonium nitrate, ammonium sulfate and anhydrous ammonia are considered to be part of the nitrogenous fertilizer manufacturing segment.
Globally, governments are investing to uplift the agricultural sector, thereby contributing to the growth in demand for fertilizers.
The global nitrogen fertilizer market is expected to grow from $67.82 billion in 2020 to $73.02 billion in 2021 at a compound annual growth rate (CAGR) of 7.7%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $78.22 billion in 2025 at a CAGR of 2%.
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Some nitrogen fertilizer market trends include urea market witnessing rapid growth in fertilizers market as it controls air pollution by catalytic reaction. Urea is easily water-soluble compound that consists of 46% of nitrogen and it can be stored, transported and handled easily. It increases the soil productivity and soil nutrients. According to International Fertilizers Association (IFA), global urea capacity is going to increase by a net of 17 metric tons by volume for each year and the total production is estimated as 226 metric tons by 2021. Thus, the expected increase in production of urea promotes the sales of nitrogen fertilizers market.
Global nitrogen fertilizer market segments include:
1) By Type: Urea, Calcium Ammonium Nitrate (CAN), Ammonium Nitrate, Ammonium Sulphate, Ammonia, Other Nitrogenous Fertilizers.
2) By Application: Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Others.
3) By Form: Liquid, Dry, Others.
4) By Treatment: Soil, Foliar, Fertigation, Others.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Nitrogen Fertilizer Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides nitrogen fertilizer market overviews, analyzes and forecasts market size, share, nitrogen fertilizer market players, nitrogen fertilizer market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The nitrogen fertilizer market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Nitrogen Fertilizer Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Yara International, CF Industries Holdings Inc., PJSC Togliattiazot, Nutrien Inc., OCI NV, Coromandel International Ltd, EuroChem Group, Koch Industries Inc., SABIC Group, Bunge Limited, Sinofert Holdings Limited, CVR Partners, LP, PotashCorp, Agrium, Coromandel.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Nitrogen Fertilizer Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Nitrogen Fertilizer Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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