Product ID: SQMIG15A2101
Global Nitrogenous Fertilizer Market Size, Share, Growth Analysis, By Product(Urea, ammonium nitrate), By Application (Cereals & grains, oilseeds & pulses) - Industry Forecast 2024-2031
Report ID:
SQMIG15A2101 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|
Tables:
68 |
Figures:
75
Global Nitrogenous Fertilizer Market Regional Insights
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.
European nitrogenous fertilizer market is anticipated to significantly grow, and is further expected to grow at a rapid pace over the forecast period. The growing emphasis of European nations on improving agriculture and upgrading nitrate plants in Europe has significantly stimulated the development of Europe's nitrogenous fertiliser market.
Global Nitrogenous Fertilizer Market Report Snapshots
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