The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Governments investing to uplift the agricultural sector globally are expected to drive innovation in nitrogen fertilizer manufacturing, thus driving the market during the forecast period.

The global nitrogen fertilizer market is expected to grow from $87.48 billion in 2022 to $91.97 billion in 2023 at a compound annual growth rate (CAGR) of 5.1%. The global nitrogen fertilizer market size is expected to grow from $111.84 billion in 2027 at a CAGR of 5.0%.

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Global Nitrogen Fertilizer Market Segments Include:

• By Type: Urea, Calcium Ammonium Nitrate (CAN), Ammonium Nitrate, Ammonium Sulphate, Ammonia, Other Nitrogenous Fertilizers
• By Form: Liquid, Dry, Other Forms
• By Treatment: Soil, Foliar, Fertigation, Other Treatments
• By Application: Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Other Applications
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global nitrogen fertilizer market in 2021.

Major Market Players in the nitrogen fertilizer market include Yara International, CF Industries Holdings Inc., PJSC Togliattiazot, Nutrien Inc., OCI NV, Coromandel International Ltd.

The urea market is witnessing rapid growth in the fertilizer market as it controls air pollution by catalytic reaction. Urea is an easily water-soluble compound that consists of 46% nitrogen and can be stored, transported, and handled easily. It increases soil productivity and soil nutrients. According to the International Fertilizers Association (IFA), global urea capacity is going to increase by a net of 17 metric tons by volume each year, and the total production is estimated at 226 metric tons by 2021. Thus, the expected increase in the production of urea promotes the sales of nitrogen fertilizer.

The Nitrogen Fertilizer Global Market Report 2023  provides a nitrogen fertilizer market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The nitrogen fertilizer market forecast analyzes nitrogen fertilizer market size, nitrogen fertilizer market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Nitrogen fertilizer are chemical fertilizers produced from sewage or animal waste and nitrogenous materials. Nitrogen fertilizer used to stimulate growth of the plants.

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