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Nitrogenous Fertilizer Market by Product and Geography - Forecast and Analysis 2022-2026

  • Published: Feb 2022
  • Pages: 120
  • SKU: IRTNTR72431
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The nitrogenous fertilizer market share is expected to increase by 10290.69 thousand tons from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 1.61%.

This nitrogenous fertilizer market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers nitrogenous fertilizer market segmentation by:

  • Product - Urea, NPK, CAN and AN, DAP and MAP, and others
  • Geography - APAC, North America, Europe, MEA, and South America

The nitrogenous fertilizer market report also offers information on several market vendors, including AB Achema, Acron Group, Agropolychim AD, CF Industries Holdings Inc., EuroChem Group AG, KBR Inc., Nutrien Ltd., OCI NV, SABIC, and Yara International ASA among others.

What will the Nitrogenous Fertilizer Market Size be During the Forecast Period?

Nitrogenous Fertilizer Market Size

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Which are the Key Regions for Nitrogenous Fertilizer Market?

Nitrogenous Fertilizer Market Market segmentation by region

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67% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for nitrogenous fertilizer market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

An increase in per capita income and a reduction in arable land will facilitate the nitrogenous fertilizer market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 slowed down the growth of the regional market in 2020. Mandatory lockdowns were imposed by the governments of various countries in the region in 2020 to mitigate the spread of COVID-19. However, the regional market is expected to grow during the forecast period, owing to ease in lockdown restrictions as well as increasing vaccination drives to control the spread of COVID-19.   

What are the Revenue-generating Product Segments in the Nitrogenous Fertilizer Market?

Nitrogenous Fertilizer Market Segmentation

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The nitrogenous fertilizer market share growth by the urea segment will be significant during the forecast period. Urea is a key nitrogenous fertilizer that contains a high concentration of nitrogen The demand for urea is expected to grow faster than that of nitrogenous fertilizers as it is cost-effective and preferred by farmers. Furthermore, it has a neutral pH value and a wide application range. Such factors will drive the segment growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the nitrogenous fertilizer market size and actionable market insights on post COVID-19 impact on each segment.

Nitrogenous Fertilizer Market: Key Drivers, Trends, and Challenges

The increase in demand from developing countries is notably driving the nitrogenous fertilizer market growth, although factors such as health concerns regarding the use of nitrogenous fertilizers may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the nitrogenous fertilizer industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Nitrogenous Fertilizer Market Driver

The increase in demand from developing countries is one of the key drivers supporting the nitrogenous fertilizer market growth. APAC is one of the major consumers of fertilizers in the world. For instance, the population of India and China reached nearly 1.38 billion and 1.43 billion, respectively, in 2020. The shift from grain-based to high protein-based diets, particularly in these countries, has increased the use of nitrogenous fertilizers to cultivate crops with high protein content. Moreover, in India, more than half of the population depends on agriculture as the primary source of livelihood. The country was the major producer of wheat, sugarcane, rice, and fruits and vegetables in 2021. Significantly, government subsidies and incentives on fertilizers to support the agriculture sector will increase the demand for nitrogenous fertilizers. Hence, such factors will drive the growth of the global nitrogenous fertilizer market during the forecast period.

Key Nitrogenous Fertilizer Market Trend

The adoption of precision farming is another factor supporting the nitrogenous fertilizer market growth. Precision farming is increasing in popularity as it is low cost, improves farming practices, and can be used on limited arable land. Their techniques improve yields and are cost-effective when compared to conventional farming practices. Furthermore, it provides farmers with information and insights regarding soil fertility, moisture content, and nutrient availability. Precision Technologies, including variable-rate input (VRT), soil and yield mapping, and tractor guidance systems using a global positioning system (GPS), help farmers adjust production practices based on the information regarding changing field conditions. Such advantages will drive the growth of the global nitrogenous fertilizer market during the forecast period.

Key Nitrogenous Fertilizer Market Challenge

Health concerns regarding the use of nitrogenous fertilizers is one of the factors hindering the nitrogenous fertilizer market growth. Nitrogenous fertilizers contain different types of chemicals that are mixed to increase the yield and productivity of crops. Chemicals present in these fertilizers are absorbed by food crops. They enter the food chain and lead to severe health issues. Chemicals in fertilizers take a long time to degrade and become biodegradable in nature. The consumption of contaminated water containing cadmium, aluminum, copper, and lead can lead to hypertension, skin diseases, and kidney failure. Also, the application of chemical fertilizers to plants can increase the risks of cancer, including leukemia, large intestine cancer, and prostate cancer. Environmental and health concerns associated with the use of nitrogenous fertilizers will impede the growth of the market during the forecast period.

This nitrogenous fertilizer market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the nitrogenous fertilizer market as a part of the global fertilizer and agricultural chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the nitrogenous fertilizer market during the forecast period.

Who are the Major Nitrogenous Fertilizer Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • AB Achema
  • Acron Group
  • Agropolychim AD
  • CF Industries Holdings Inc.
  • EuroChem Group AG
  • KBR Inc.
  • Nutrien Ltd.
  • OCI NV
  • SABIC
  • Yara International ASA

 

This statistical study of the nitrogenous fertilizer market encompasses successful business strategies deployed by the key vendors. The nitrogenous fertilizer market is fragmented and the vendors are deploying growth strategies such as mergers and acquisitions to compete in the market.

Product Insights and News

  • AB Achema - The company offers nitrogenous fertilizers that provides plants with required amount of nitrogen, which is especially important during the period of intensive growth, under the brand name of Achema

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The nitrogenous fertilizer market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Nitrogenous Fertilizer Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the nitrogenous fertilizer market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Nitrogenous Fertilizer Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 1.61%

Market growth 2022-2026

10290.69 th tons

Market structure

Fragmented

YoY growth (%)

1.35

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 67%

Key consumer countries

China, India, US, Russian Federation, and Brazil

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

AB Achema, Acron Group, Agropolychim AD, CF Industries Holdings Inc., EuroChem Group AG, KBR Inc., Nutrien Ltd., OCI NV, SABIC, and Yara International ASA

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Nitrogenous Fertilizer Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive nitrogenous fertilizer market growth during the next five years
  • Precise estimation of the nitrogenous fertilizer market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the nitrogenous fertilizer industry across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of nitrogenous fertilizer market vendors

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1. Executive Summary                           

                1.1 Market Overview

                                Exhibit 01:  Key Finding 1

                                Exhibit 02:  Key Finding 2

                                Exhibit 03:  Key Finding 3

                                Exhibit 04:  Key Finding 5

                                Exhibit 05:  Key Finding 6

                                Exhibit 06:  Key Finding 7

                                Exhibit 07:  Key Finding 8

2. Market Landscape                             

                2.1 Market ecosystem             

                                2.1.1    Parent market

                                Exhibit 08:   Parent market

                                Exhibit 09:  Market Characteristics

                2.2 Value chain analysis           

                                Exhibit 10:  Value chain analysis : Fertilizers and agricultural chemicals

                                2.2.1    Inputs

                                2.2.2    Inbound logistics

                                2.2.3    Operations

                                2.2.4    Outbound logistics

                                2.2.5    Marketing and sales

                                2.2.6    Industry innovation

3. Market Sizing                       

                3.1 Market definition

                                Exhibit 11:   Offerings of vendors included in the market definition

                3.2 Market segment analysis 

                                Exhibit 12:   Market segments

                3.3 Market size 2021 

                3.4 Market outlook: Forecast for 2021 - 2026 

                                3.4.1    Estimating growth rates for emerging and high-growth markets

                                3.4.2    Estimating growth rates for mature markets

                                Exhibit 13:  Global - Market size and forecast 2021 - 2026 (thousand tons)

                                Exhibit 14:  Global market: Year-over-year growth 2021 - 2026 (%)

4. Five Forces Analysis                          

                4.1 Five Forces Summary        

                                Exhibit 15: Five forces analysis 2021 & 2026

                4.2 Bargaining power of buyers           

                                Exhibit 16: Bargaining power of buyers

                4.3 Bargaining power of suppliers       

                                Exhibit 17: Bargaining power of suppliers

                4.4 Threat of new entrants    

                                Exhibit 18: Threat of new entrants

                4.5 Threat of substitutes         

                                Exhibit 19: Threat of substitutes

                4.6 Threat of rivalry   

                                Exhibit 20: Threat of rivalry

                4.7 Market condition

                                Exhibit 21:  Market condition - Five forces 2021

5. Market Segmentation by Product               

                5.1 Market segments

                                The segments covered in this chapter are:

  • Urea
  • NPK
  • CAN and AN
  • DAP and MAP
  • Others

                                Exhibit 22:  Product - Market share 2021-2026 (%)

                5.2     Comparison by Product

                                Exhibit 23:  Comparison by Product

                5.3     Urea - Market size and forecast 2021-2026           

                                Exhibit 24:  Urea - Market size and forecast 2021-2026 (thousand tons)

                                Exhibit 25:  Urea - Year-over-year growth 2021-2026 (%)

                5.4     NPK - Market size and forecast 2021-2026             

                                Exhibit 26:  NPK - Market size and forecast 2021-2026 (thousand tons)

                                Exhibit 27:  NPK - Year-over-year growth 2021-2026 (%)

                5.5     CAN and AN - Market size and forecast 2021-2026             

                                Exhibit 28:  CAN and AN - Market size and forecast 2021-2026 (thousand tons)

                                Exhibit 29:  CAN and AN - Year-over-year growth 2021-2026 (%)

                5.6     DAP and MAP - Market size and forecast 2021-2026         

                                Exhibit 30:  DAP and MAP - Market size and forecast 2021-2026 (thousand tons)

                                Exhibit 31:  DAP and MAP - Year-over-year growth 2021-2026 (%)

                5.7     Others - Market size and forecast 2021-2026       

                                Exhibit 32:  Others - Market size and forecast 2021-2026 (thousand tons)

                                Exhibit 33:  Others - Year-over-year growth 2021-2026 (%)

                5.8     Market opportunity by Product 

                                Exhibit 34:  Market opportunity by Product

6. Customer landscape                         

                6.1     Overview           

                                Exhibit 35:  Customer landscape

7. Geographic Landscape                     

                7.1 Geographic segmentation

                                The regions covered in the report are:

  • APAC
  • North America
  • Europe
  • MEA
  • South America

                                Exhibit 36:  Market share by geography 2021-2026 (%)

                7.2 Geographic comparison   

                                Exhibit 37:  Geographic comparison

                7.3     APAC - Market size and forecast 2021-2026          

                                Exhibit 38:   APAC - Market size and forecast 2021-2026 (thousand tons)

                                Exhibit 39:  APAC - Year-over-year growth 2021-2026 (%)

                7.4     North America - Market size and forecast 2021-2026        

                                Exhibit 40:   North America - Market size and forecast 2021-2026 (thousand tons)

                                Exhibit 41:  North America - Year-over-year growth 2021-2026 (%)

                7.5     Europe - Market size and forecast 2021-2026       

                                Exhibit 42:   Europe - Market size and forecast 2021-2026 (thousand tons)

                                Exhibit 43:  Europe - Year-over-year growth 2021-2026 (%)

                7.6     MEA - Market size and forecast 2021-2026           

                                Exhibit 44:   MEA - Market size and forecast 2021-2026 (thousand tons)

                                Exhibit 45:  MEA - Year-over-year growth 2021-2026 (%)

                7.7     South America - Market size and forecast 2021-2026        

                                Exhibit 46:   South America - Market size and forecast 2021-2026 (thousand tons)

                                Exhibit 47:  South America - Year-over-year growth 2021-2026 (%)

                7.8     Key leading countries    

                                Exhibit 48:  Key leading countries

                7.9     Market opportunity by geography           

                                Exhibit 49:  Market opportunity by geography (thousand tons)

8. Drivers, Challenges, and Trends                   

                8.1 Market drivers     

                                8.1.1    Increase in demand from developing countries

                                8.1.2    Growth in fertilizer industry

                                8.1.3    Reduction in arable land

                8.2 Market challenges              

                                8.2.1    Health concerns regarding the use of nitrogenous fertilizers

                                8.2.2    Volatility in raw material prices

                                8.2.3    Increasing consumption of organic food

                                Exhibit 50:  Impact of drivers and challenges

                8.3 Market trends      

                                8.3.1    Adoption of precision farming

                                8.3.2    Increasing preference for hydroponics

                                8.3.3    Increasing ammonia production capacity

9. Vendor Landscape                             

                9.1     Overview           

                                Exhibit 51:  Vendor landscape

                9.2     Landscape disruption    

                                Exhibit 52:   Landscape disruption

                                Exhibit 53:  Industry risks

                9.3     Competitive landscape 

10. Vendor Analysis               

                10.1 Vendors covered              

                                Exhibit 54:  Vendors covered

                10.2 Market positioning of vendors    

                                Exhibit 55:  Market positioning of vendors

                10.3  AB Achema        

                                Exhibit 56:  AB Achema - Overview

                                Exhibit 57:  AB Achema - Product and service

                                Exhibit 58:  AB Achema - Key offerings

                10.4  Acron Group     

                                Exhibit 59:  Acron Group  - Overview

                                Exhibit 60:  Acron Group  - Business segments

                                Exhibit 61:  Acron Group  - Key offerings

                                Exhibit 62:  Acron Group  - Segment focus

                10.5  Agropolychim AD            

                                Exhibit 63:  Agropolychim AD - Overview

                                Exhibit 64:  Agropolychim AD - Product and service

                                Exhibit 65:  Agropolychim AD - Key offerings

                10.6  CF Industries Holdings Inc.           

                                Exhibit 66:  CF Industries Holdings Inc. - Overview

                                Exhibit 67:  CF Industries Holdings Inc. - Business segments

                                Exhibit 68:  CF Industries Holdings Inc. - Key news

                                Exhibit 69:  CF Industries Holdings Inc. - Key offerings

                                Exhibit 70:  CF Industries Holdings Inc. - Segment focus

                10.7  EuroChem Group AG     

                                Exhibit 71:  EuroChem Group AG - Overview

                                Exhibit 72:  EuroChem Group AG - Product and service

                                Exhibit 73:  EuroChem Group AG - Key news

                                Exhibit 74:  EuroChem Group AG - Key offerings

                10.8     KBR Inc.

                                Exhibit 75:  KBR Inc. - Overview

                                Exhibit 76:  KBR Inc. - Business segments

                                Exhibit 77:  KBR Inc. - Key news

                                Exhibit 78:  KBR Inc. - Key offerings

                                Exhibit 79:  KBR Inc. - Segment focus

                10.9  Nutrien Ltd.       

                                Exhibit 80:  Nutrien Ltd. - Overview

                                Exhibit 81:  Nutrien Ltd. - Business segments

                                Exhibit 82:  Nutrien Ltd. - Key news

                                Exhibit 83:  Nutrien Ltd. - Key offerings

                                Exhibit 84:  Nutrien Ltd. - Segment focus

                10.10                OCI NV

                                Exhibit 85:  OCI NV - Overview

                                Exhibit 86:  OCI NV - Business segments

                                Exhibit 87:  OCI NV - Key news

                                Exhibit 88:  OCI NV - Key offerings

                                Exhibit 89:  OCI NV - Segment focus

                10.11                SABIC   

                                Exhibit 90:  SABIC - Overview

                                Exhibit 91:  SABIC - Business segments

                                Exhibit 92:  SABIC - Key news

                                Exhibit 93:  SABIC - Key offerings

                                Exhibit 94:  SABIC - Segment focus

                10.12                Yara International ASA  

                                Exhibit 95:  Yara International ASA - Overview

                                Exhibit 96:  Yara International ASA - Business segments

                                Exhibit 97:  Yara International ASA - Key news

                                Exhibit 98:  Yara International ASA - Key offerings

                                Exhibit 99:  Yara International ASA - Segment focus

11. Appendix                            

                11.1 Scope of the report         

                                11.1.1 ????Market definition

                                11.1.2 Objective

                                11.1.3 Notes and caveats

                11.2 Currency conversion rates for US$            

                                Exhibit 100:  Currency conversion rates for US$

                11.3 Research Methodology 

                                Exhibit 101:  Research Methodology

                                Exhibit 102:  Validation techniques employed for market sizing

                                Exhibit 103:  Information sources

                11.4 List of abbreviations        

                                Exhibit 104:  List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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Nitrogenous Fertilizer market growth will increase by $10290.69 thousand tons during 2021-2026.
The nitrogenous fertilizer market is expected to grow at a CAGR of 1.61% during 2021-2026.
Technavio has segmented the nitrogenous fertilizer market by product (Urea, NPK, CAN and AN, DAP and MAP, and Others) and geographic (APAC, North America, Europe, MEA, and South America).
AB Achema, Acron Group, Agropolychim AD, CF Industries Holdings Inc., EuroChem Group AG, KBR Inc., Nutrien Ltd., OCI NV, SABIC, Yara International ASA are a few of the key vendors in the nitrogenous fertilizer market.
APAC will register the highest growth rate of 66.54% among the other regions. Therefore, the nitrogenous fertilizer market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • China
  • India
  • US
  • Russian Federation
  • Brazil
The key factors driving the nitrogenous fertilizer market growth are:
  • Increase in demand from developing countries
The nitrogenous fertilizer market vendors should focus on grabbing business opportunities from the urea segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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  • Five-force market analysis

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