Nitrogenous Fertilizer Market Report 2024 by Latest Trends, Demand and Regions

28 February 2019: Nitrogenous Fertilizer Market was million US$ in 2018 and is expected to million US$ by the end of 2024, growing at a CAGR of between 2019 and 2024.This report studies the Nitrogenous Fertilizer market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2024; This report also studies the global Nitrogenous Fertilizer market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

Global Nitrogenous Fertilizer Market is anticipated to witness an exponential growth in the forecast period. Nitrogenous fertilizers serve as an important source of nitrogen to the agricultural crops. Nitrogen is very important for the growth and development of plants. The factors that propel the growth of the market include growth in demand for micronutrient fertilizer, technological innovations in the fertilizer industry and growing demand for bio-based fertilizer. On the other hand, there are factors that may hamper the growth of the market including high production cost, low crop prices, and regulatory and environmental constraints. Globally, the market is anticipated to grow at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.

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The market may be explored by type, crop type, application, form, and geography. Market may be explored by type as Calcium ammonium nitrate (CAN), Urea, Ammonium sulfate, Ammonium nitrate, and Other nitrogenous fertilizers (potassium nitrate, NPK blends, monoammonium phosphate (MAP), diammonium phosphate (DAP), and other phosphate & nitrogen compounds). The “Urea” segment led the nitrogenous fertilizer market in 2015 and will continue to lead in the forecast period. The Urea segment is likely to be followed by ammonium sulfate during the forthcoming period.

The key applications that could be explored in the nitrogenous fertilizer market include Foliar, Soil, and Fertigation. The “Fertigation” segment led the market in 2015 and will continue to lead in the forecast period. The key factor that may be attributed to the growth of market includes high acceptance of the fertigation method.

Some of the key players that fuel the growth of the nitrogenous fertilizer market comprise Coromandel International Ltd., Yara International ASA, Eurochem and Potash Corp of Saskatchewan, CF Industries Holdings Inc., Agrium Inc., Bunge Ltd., KOCH Industries Inc., CVR Partners, and Sino Fert Holdings Ltd. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

For detailed Information of Market Dynamics, Size, Trends, Visit our report at:  https://www.millioninsights.com/industry-reports/nitrogenous-fertilizer-market

Nitrogenous Fertilizer Market by Geographical Regions:-

• North America

• Europe

• Asia Pacific

• Middle East and Africa

• South America

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