Urea Market Updates

Urea Market size was valued at USD 100.52 Billion in 2023 and is poised to grow from USD 103.74 Billion in 2024 to USD 133.47 Billion by 2032, growing at a CAGR of 3.2% during the forecast period (2025-2032).

The global urea market is highly competitive and characterized by the presence of numerous players. Urea, a nitrogen-rich fertilizer, is widely used in the agricultural sector for crop cultivation. It is also utilized in various industrial applications such as the production of plastics, resins, adhesives, and animal feed supplements. The competitive landscape of the global urea market is influenced by several factors. One of the key drivers of competition is the demand for high-quality urea products that meet the specific needs of end-users. Companies compete based on product quality, purity, and consistency to gain a competitive edge in the market. 'CF INDUSTRIES HOLDINGS, INC.  ', 'PUPUK INDONESIA (PERSERO)  ', 'YARA INTERNATIONAL ASA  ', ' SABIC  ', 'AMERICAN PLANT FOOD CORPORATION ', ' GREENWAY BIOTECH, INC. ', ' GAC CHEMICAL CORPORATION ', ' RAVENSDOWN ', ' VINIPUL INORGANICS PVT. LTD. ', ' GUJARAT STATE FERTILIZERS & CHEMICALS LIMITED (GSFC) ', ' GROUP DF ', ' FERTIBERIA ', ' KANTO CHEMICAL CO., INC. ', ' DUBI CHEM MARINE INTERNATIONAL ', ' PT PUPUK SRIWIDJAJA PALEMBANG (PUSRI) ', ' JSC TOGLIATTIAZOT (TOAZ) ', ' ANMOL CHEMICALS PRIVATE LIMITED ', ' GREENSTAR FERTILIZERS LIMITED ', ' MATIX FERTILISERS AND CHEMICALS LIMITED ', ' KOCH FERTILIZER, LLC'

The global urea market experiences significant demand from the agricultural sector, where it is widely used as a nitrogen fertilizer. With the world's population continuously growing, there is a pressing need to increase food production and enhance crop yields. This drives the demand for urea as it plays a crucial role in improving agricultural productivity. The rising consumption of grains, oilseeds, fruits, and vegetables further contributes to the demand for urea in the agriculture industry.

One key market trend in the global urea market is the increasing emphasis on urea as a nitrogen fertilizer in agricultural practices. Urea plays a vital role in supporting crop growth by providing essential nutrients, particularly nitrogen, to plants. The growing global population, coupled with the need to improve agricultural productivity, has led to a rise in demand for urea as a fertilizer.

Asia-Pacific dominated the global urea market. Asia-Pacific holds the largest market share in terms of urea production and consumption. Countries like China and India have a significant demand for urea due to their large agricultural sectors, where urea is a widely used nitrogen-based fertilizer. The region's growing population, increasing food demand, and government initiatives to enhance agricultural productivity contribute to its dominance in the global urea market.