What is the global market size of the Nitrogenous Fertilizer Market?

Global Nitrogenous Fertilizer Market size was valued at USD 57.8 billion in 2021 and is poised to grow from USD 60.98 billion in 2022 to USD 92 billion by 2030, growing at a CAGR of 5.3% in the forecast period (2023-2030).

Nitrogenous Fertilizer Market Size

Nitrogenous Fertilizer Market Insights

Nitrogenous Fertilizer Market size was valued at USD 60.98 Billion in 2023 and is poised to grow from USD 64.21 Billion in 2024 to USD 96.88 Billion by 2032, growing at a CAGR of 5.3% during the forecast period (2025-2032).

Nitrogenous fertilizers are gaining popularity in the global agricultural sector due to their ability to assist rapid plant growth. Nitrogenous fertilizers promote the healthy growth of both foliage and fruits, and are available in liquid, solid, pelleted, and granular forms. The agricultural industry has increased its demand for nitrogenous fertilizers to provide adequate nutrition to various food crops, thereby increasing yield. They have a wide range of applications in agriculture, including vegetables, fruits, cotton, and cereals. Crop production capacity is greatly influenced by changes in climatic conditions, which change crop supply and demand according to season. Fertilizers are important ingredients used in agriculture to boost crop growth. However, environmental and health risk that comes with nitrogen-based fertilisers are significant restraints to the growth of the nitrogenous fertilizers market during the forecast period.

US Nitrogenous Fertilizer Market is poised to grow at a sustainable CAGR for the next forecast year.

FAQs

Global nitrogenous fertilizer market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Bunge Limited', 'Yara International ASA', 'Eurochem Group AG', 'CF Industries Holdings Inc.', 'Sinofert Holdings Limited.', 'Coromandel International Ltd.', 'CVR Partners, LP', 'Shandong Hualu Hengsheng Chemical Co Ltd', 'Koch Industries, Inc.', 'The Mosaic Company', 'Nutrien Ltd.', 'OCI Nitrogen BV', 'SABIC Agri-Nutrients Co.', 'Haifa Chemicals Ltd.', 'Zuari Agro Chemicals Ltd.', 'Israel Chemicals Ltd.', 'Indian Farmers Fertilizer Cooperative Limited (IFFCO)', 'Qingdao Sonef Chemical Company Limited', 'K+S AG'

The increased use of nitrogenous fertilizers in various agricultural products such as cereals, cotton, fruits, and vegetables is driving market growth. Nitrogenous crops have seasonal demand, as do many other crops. Crop production levels are heavily influenced by the weather, which influences supply and demand for nitrogenous fertilizers based on the season.

Due to its rising compatibility with pesticides, herbicides, growth regulators, and other nutrients, urea-ammonium nitrate, a popular type of nitrogenous crop-growth enhancer, is rapidly gaining traction among liquid fertiliser manufacturers. The use of liquid fertilisers allows a farmer to save money by implementing several crop production and protection products at the same time rather than making several separate applications. Because they apply more smoothly and uniformly than non-liquid nitrogenous fertilisers, urea-ammonium nitrate solutions are widely utilized as a nitrogen source for plants.

Due to a larger available area for cultivation, favourable climate conditions, and a higher rural population, the Asia Pacific region is expected to maintain its dominant position during the forecast period. Due to increased demand and a growing emphasis on food security, major multinational nitrogenous fertilizer manufacturers are establishing manufacturing units in Asia Pacific countries like China, India, Japan, and others. China is the world's largest consumer of the product, accounting for roughly one-third of total global product consumption. These fertilizers play an important role in ensuring China's food security by allowing for greater growth in both non-grain and grain yields.