Zion Market Research published new report on “Nitrogenous Fertilizer Market – Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021“ in it’s database
Fertilizers are the type of crop supplements that provides essential nutrients to the plants or crop. Fertilizers can be straight fertilizers that possess single nutrient like nitrogen, potassium, phosphorous and multi-nutrient fertilizers which consist blend of two or three nutrients. Nitrogen adds fertility, increase the absorption capacity. Nitrogenous fertilizers help to improve the productivity and texture to the plants.
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Increasing population and shrinkage of arable land had led to use of advanced techniques and procedure for high productivity to met the growing demand. This factor drives the nitrogenous fertilizer market. Improved productivity observed due to use of nitrogenous fertilizer for sugarcane, rice and corn in Asia Pacific fuels the growth of the market. Escalating use of grains in the production of bio-fuel stimulates nitrogenous fertilizer market. However, introduction of advanced organic fertilizers may hamper the growth of the nitrogenous fertilizer market. Nevertheless, rising demand from the Asia Pacific and other emerging economies is expected to show lucrative growth during the forecast period.
The report provides a comprehensive view of the nitrogenous fertilizer market. The report provides detailed value chain analysis for nitrogenous fertilizer market. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the nitrogenous fertilizer market has also been included. The study encompasses a market attractiveness analysis, wherein type and application segments are benchmarked based on their market size, growth rate and general attractiveness. The report also analyzes several driving and restraining factors and their impact on the market during the forecast period.
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Based on the ingredients used for production of nitrogenous fertilizers the market can be segmented into urea, ammonium nitrate, sodium nitrate, ammonium sulfate, CAN, UAN calcium nitrate and ammonium chloride among others. Ammonium nitrate is highly used in North America and Europe resulting in the high demand for nitrogenous fertilizer. Nitrogenous fertilizer is utilized for diverse species; some of those include oil seeds, cereals & grains and fruits & vegetables among others.
Asia Pacific is considered to be the most prominent market for nitrogenous fertilizer owing to growing agricultural sector mainly in India. The nitrogenous fertilizer market is likely to gain growth due to increasing population and government funding to use of advanced techniques and fertilizer for high productivity to meet the growing demand. Europe and North America region are likely to witness steady growth regime over the forecast period due to market saturation. While, Latin America, Middle East and Africa are predicted to exhibit high growth in the coming years due to huge cultivation of rice, corn and sugarcane in these regions.
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The major players operating in nitrogenous fertilizer market are Agrium, ICL, Coromandel International Ltd, CF Industries Holdings Inc., Bunge Ltd, Potash Corp, CVR Partners, Yara International ASA, Sinofert Holdings Ltd., Eurochem, Mosaic, K+S and Koch Industries Inc. among others.
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