DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Nitrogenous Fertilizer Market - Growth, Trends and Forecasts (2016 - 2021)" report to their 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 market for Nitrogenous fertilizers is characterized as being consolidated and rationalized market. The market is dominated by key companies like Agrium, Yara International, Potash Corporation of Saskatchewan, The Mosaic Company, K+S and ICL etc. Individual companies have acquired specific competitive advantage in case of nitrogenous fertilizer supply. Extensive investments in research and development activities are religiously pursued by companies to gain maximum market share.
2. Research Approach & Methodology
3. Key Findings of the Study
4. Market Overview
5. Market Segmentation
6. Competitive Landscape
7. Company Profiles
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