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?
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Which are the Key Regions for Nitrogenous Fertilizer Market?
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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?
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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
- 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
Growth momentum & CAGR
Accelerate at a CAGR of 1.61%
Market growth 2022-2026
10290.69 th tons
YoY growth (%)
APAC, North America, Europe, MEA, and South America
Performing market contribution
APAC at 67%
Key consumer countries
China, India, US, Russian Federation, and Brazil
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
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
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
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
2.2.2 Inbound logistics
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:
- CAN and AN
- DAP and MAP
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
Exhibit 35: Customer landscape
7. Geographic Landscape
7.1 Geographic segmentation
The regions covered in the report are:
- North America
- 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
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
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
11.1 Scope of the report
11.1.1 ????Market definition
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
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.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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Frequently Asked Questions?
- Russian Federation
- Increase in demand from developing countries
Key Questions Answered
- 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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