Global Nitrogenous Fertilizer Market to Grow at a CAGR of 3.6% by 2021: Analysis By Type, Application & Geography – Research and Markets
DUBLIN–(BUSINESS WIRE)–The "Global
Nitrogenous Fertilizer Market – Growth, Trends and Forecasts 2017 – 2022"
report has been added to Research and Markets' offering.
Global Nitrogenous Fertilizer market is estimated to grow at a CAGR of
3.6% during the forecast period 2016-2021 from an estimated market value
of $86793.4 million in 2015. Nitrogen is the most vital nutrient
required by all plants for growth and development. Though present in
abundance in nature, it is not readily taken by all plants and that
leads to higher application of nitrogenous fertilizers in the
agricultural fields.
High population growth leading to food security concern over the globe
along with increasing need of better field productivity primarily drive
the nitrogenous fertilizer market growth. Increasing consumption of meat
based food products around the globe and the increased need of
fertilizers in biofuel production have further led to the market growth.
Growing demand from developing regions like Asia-Pacific and Latin
America, and increased government and industry support would help in
sustaining the market growth in the forecast period. However, regulatory
and environmental constraints pertaining to fertilizers and popularity
of organic options are creating obstacles for market growth.
The global nitrogenous fertilizer market is classified by type,
application and geography. In term of product type, Urea, Calcium
Ammonium Nitrate (CAN), Ammonium Nitrate, Ammonium Sulfate, Ammonia and
Other Nitrogenous Fertilizers. While the market share for urea is
reported to be the highest, the ammonium nitrate fertilizer market is
expected to grow at a faster rate. By application, the usage of
fertilizers is explained based on crops and non-crops. Crop based
application account for majority of nitrogenous fertilizer usage which
is led by oilseeds, cereal and grains.
Companies Mentioned:
- Yara International
- Agrium Inc. (Canada)
- Coromandel International Ltd.
- Potash Corporation of Saskatchewan
- Koch Industries Inc.
- CVR Partners
- K+S AG
- Uralkali
- Belaruskali
- CF Industries Holdings Inc.
- OCP
- Sinofert Holdings Ltd
- Bunge Ltd.
- The Mosaic Company
- Eurochem
- Israel Chemicals Ltd.
- Indian Farmers Fertiliser Cooperative
- Sociedad Quimica Y Minera De Chile SA
- Haifa Group
Key Topics Covered:
1. Introduction
2. Research Approach & Methodology
3. Key Findings of the Study
4. Market Overview
5. Market Segmentation
6. Competitive Landscape
7. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/q34rmg/global
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Related
Topics: Agrochemicals
and Fertilizers, Fertilizer