Global Nitrogen Fertilizers Market Report 2020 - CAGR of 7% Expected During the Forecast Period - ResearchAndMarkets.com

DUBLIN--()--The "Nitrogen Fertilizers Global Market Report 2020" report has been added to ResearchAndMarkets.com's offering.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider nitrogen fertilizer market, and compares it with other markets.

The global nitrogen fertilizers market was worth $ 54.61 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 7% and reach $70.62 billion by 2023.

The nitrogen fertilizers market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. Asia Pacific accounts for around 43% of the market.

The nitrogen fertilzer market covered in this report is segmented by type into urea, calcium ammonium nitrate (CAN), ammonium nitrate, ammonium sulphate, ammonia, other nitrogenous fertilizers. It is also segmented by application into cereals & grains, oilseeds & pulses, fruits & vegetables, others.

Globally, governments are investing to uplift the agricultural sector, thereby contributing to the growth in demand for fertilizers. For example, in 2014, the government of India announced plans to invest INR 50,000 crore ($ 7.4 billion) to set up two new fertilizers plans and revive four fertilizers plants in different parts of the country. Also, INR 10,000 crore ($1.5 billion) was invested by the government to build a national gas grid to support the fertilizers plants with gas supply. Similarly, in 2014, the Chinese government announced a total fund of 122.2 billion yuan ($19.7 billion) as subsidies to farmers for the production of grains and purchase of agricultural production resources such as fertilizers and pesticides.

Nitrogen is one of the fertilizers majorly affecting the pH balance in the soil, whether its alkaline or acidic based on the type of the nitrogen fertilizer that has been used. pH value gives the measure of how alkaline or acidic a solution is. Crops are developing resistance with the increased usage of nitrogen fertilizers and it in turn leads to deterioration of soil and environment. For instance, according to Department of Primary industries and Regional Development, Government of Australia, the soil acidification is mainly caused due to ammonium nitrogen fertilizers, the major contributors of soil erosion by affecting the electrical balance in plants.

Urea market is witnessing rapid growth in fertilizers market as it controls air pollution by catalytic reaction. Urea is easily water-soluble compound that consists of 46% of nitrogen and it can be stored, transported and handled easily. It increases the soil productivity and soil nutrients. According to International Fertilizers Association (IFA), global urea capacity is going to increase by a net of 17 metric tons by volume for each year and the total production is estimated as 226 metric tones by 2021. Thus, the expected increase in production of urea promotes the sales of nitrogen fertilizers market.

In September 2019, Nutrien Ltd., a Canada-based fertilizer company that produces and distributes nitrogen, potash, and phosphate products for agricultural use acquired Ruralco Holdings Limited for an undisclosed amount. The acquisition is expected to enable Nutrien to compete in the global markets and strengthen the delivery of products and services to Australian farmers.

Major players in the market are Yara International, CF Industries Holdings Inc., PJSC Togliattiazot, Nutrien Inc., OCI NV, Coromandel International Ltd, EuroChem Group, Koch Industries Inc., SABIC Group, Bunge Limited

Key Topics Covered:

1. Executive Summary

2. Nitrogen Fertilizers Market Characteristics

3. Nitrogen Fertilizers Market Size And Growth

3.1. Global Nitrogen Fertilizer Historic Market, 2015 - 2019, $ Billion

3.1.1. Drivers Of The Market

3.1.2. Restraints On The Market

3.2. Global Nitrogen Fertilizer Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion

3.2.1. Drivers Of The Market

3.2.2. Restraints On the Market

4. Nitrogen Fertilizers Market Segmentation

4.1. Global Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

  • Urea
  • Calcium Ammonium Nitrate (CAN)
  • Ammonium Nitrate
  • Ammonium Sulphate
  • Ammonia
  • Other Nitrogenous Fertilizers

4.2. Global Nitrogen Fertilizers Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

  • Cereals & Grains
  • Oilseeds & Pulses
  • Fruits & Vegetables
  • Others

5. Nitrogen Fertilizers Market Regional And Country Analysis

5.1. Global Nitrogen Fertilizers Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

5.2. Global Nitrogen Fertilizers Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Companies Mentioned

  • Yara International
  • CF Industries Holdings Inc.
  • PJSC Togliattiazot
  • Nutrien Inc.
  • OCI NV
  • Coromandel International Ltd
  • EuroChem Group
  • Koch Industries Inc.
  • SABIC Group
  • Bunge Limited
  • Sinofert Holdings Limited
  • CVR Partners, LP
  • PotashCorp
  • Agrium
  • Coromandel

For more information about this report visit https://www.researchandmarkets.com/r/qkl5bz

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900