Nitrogenous Fertilizer Market Overview
As per MRFR analysis, the Nitrogenous Fertilizer Market Size was estimated at 65.61 (USD Billion) in 2022.The Nitrogenous Fertilizer Market Industry is expected to grow from 68.77(USD Billion) in 2023 to 105.08 (USD Billion) by 2032. The Nitrogenous Fertilizer Market CAGR (growth rate) is expected to be around 4.82% during the forecast period (2024 - 2032).
Key Nitrogenous Fertilizer Market Trends Highlighted
Key market drivers of the nitrogenous fertilizer market include increasing population and the subsequent demand for food, rising crop yields to meet this demand, and the growing use of nitrogen fertilizers in non-agricultural applications such as industrial and environmental purposes. Opportunities to be explored or captured in the market include the development of new nitrogen fertilizer products with improved efficiency and reduced environmental impact, as well as the expansion into new markets and applications. Recent trends in the market include the adoption of precision farming techniques to optimize fertilizer application, the increasing use of nitrogen-fixing crops to reduce the need for synthetic fertilizers, and the growing awareness of the environmental impact of nitrogen fertilizer use.
Figure1: Nitrogenous Fertilizer Market, 2018 - 2032 (USD Billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Nitrogenous Fertilizer Market Drivers
Increasing Demand for Food Production
The growing population is placing an increasing demand on food production. Nitrogenous fertilizers are essential for crop growth and yield, and their use is expected to continue to increase in the coming years. The demand for nitrogenous fertilizers is particularly strong in developing countries, where agricultural productivity is often low. As these countries continue to develop, their demand for food and nitrogenous fertilizers is expected to grow.Additionally, the increasing demand for biofuels is also driving up the demand for nitrogenous fertilizers, as they are used to produce the feedstocks for biofuels. Overall, the increasing demand for food production is a major driver of growth in the Nitrogenous Fertilizer Market Industry.
Government Support for Agriculture
Governments around the world are increasingly supporting the agricultural sector as they recognize the importance of food security. This support often includes subsidies for nitrogenous fertilizers, which can make them more affordable for farmers. Additionally, governments are investing in research and development to improve the efficiency of nitrogenous fertilizers and reduce their environmental impact. This support is expected to continue in the coming years as governments become more aware of the importance of agriculture and food security.
Technological Advancements
Technological advancements are also driving growth in the Nitrogenous Fertilizer Market Industry. These advancements include the development of new and more efficient production processes, as well as the development of new nitrogenous fertilizer products. Additionally, the use of precision agriculture techniques is helping farmers to apply nitrogenous fertilizers more efficiently, which can lead to increased yields and reduced environmental impact.Overall, technological advancements are expected to continue to drive growth in the Nitrogenous Fertilizer Market Industry.
Nitrogenous Fertilizer Market Segment Insights
Nitrogenous Fertilizer Market Type Insights
The Nitrogenous Fertilizer Market is segmented by type into Urea, Ammonium Nitrate, Ammonia, Calcium Ammonium Nitrate, Nitrophosphate, and Nitric Acid. Among these segments, Urea holds the largest market share due to its high nitrogen content and cost-effectiveness. In 2023, the Urea market was valued at USD 28.34 billion and is projected to reach USD 40.23 billion by 2032, exhibiting a CAGR of 4.2% during the forecast period. The demand for Urea is primarily driven by its extensive usage in agricultural applications as a nitrogen fertilizer to enhance crop yield.Ammonium Nitrate is another significant segment in the Nitrogenous Fertilizer Market, with a market value of USD 18.45 billion in 2023. It is widely employed in the production of explosives and fertilizers. The growing demand for Ammonium Nitrate in the mining and construction industries is expected to fuel its market growth in the coming years. Ammonia, with a market size of USD 15.37 billion in 2023, is a vital nitrogenous fertilizer used in the production of Urea and Ammonium Nitrate. Its application in the manufacturing of various chemicals and products further contributes to its market growth.Calcium Ammonium Nitrate, Nitrophosphate, and Nitric Acid are other important segments in the Nitrogenous Fertilizer Market. Calcium Ammonium Nitrate is gaining popularity due to its balanced nutrient content and suitability for a wide range of crops. Nitrophosphate, a combination of nitrogen and phosphorus, is used as a fertilizer to enhance soil fertility. Nitric Acid, with its corrosive properties, finds applications in various industries, including fertilizer production, metal processing, and wastewater treatment. The growth of the Nitrogenous Fertilizer Market is driven by the increasing demand for agricultural products to meet the needs of a growing population.The rising awareness about the importance of soil fertility and crop nutrition also contributes to the market expansion. Moreover, government initiatives and subsidies to promote sustainable agricultural practices further support market growth.
Figure2: Nitrogenous Fertilizer Market, By Type, 2023 & 2032 (USD billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Nitrogenous Fertilizer Market Form Insights
The Nitrogenous Fertilizer Market is segmented by form into liquid, solid, and granulated. The solid form segment held the largest market share in 2023, accounting for over 55% of the market. The liquid form segment is expected to grow at the highest CAGR during the forecast period due to its ease of application and higher nutrient availability. The market growth is primarily driven by the increasing demand for food production and the need to improve crop yields. Nitrogen is an essential nutrient for plant growth, and nitrogenous fertilizers provide nitrogen in a form that can be easily absorbed by plants.The market is highly competitive, with a number of major players operating ly. Some of the key players in the nitrogenous fertilizer market include Yara International ASA, CF Industries Holdings, Inc., and Nutrien Ltd. These companies are investing heavily in research and development to develop new and innovative nitrogenous fertilizer products.
Nitrogenous Fertilizer Market Crop Type Insights
The Crop Type segment of the Nitrogenous Fertilizer Market is categorized into Cereals, Oilseeds, Fruits and Vegetables, and Forage Crops. Cereals held the largest market share in 2023, accounting for over 40% of the Nitrogenous Fertilizer Market revenue. The high demand for cereals as a staple food source for a large population drives this segment's growth. Nitrogenous fertilizers play a crucial role in enhancing cereal crop yields, ensuring food security, and meeting the growing population's demands. Oilseeds, such as soybeans, canola, and sunflower, represent a significant segment of the Nitrogenous Fertilizer Market.The increasing demand for vegetable oils, biofuels, and animal feed has led to the expansion of oilseed cultivation ly. Nitrogenous fertilizers are essential for maximizing oilseed yields and improving oil quality. Fruits and Vegetables, another key segment, have witnessed a surge in demand due to rising health consciousness and changes in dietary patterns. Nitrogenous fertilizers are vital for promoting fruit and vegetable growth, enhancing their nutritional value, and meeting the growing demand for fresh produce. Forage Crops, including alfalfa, clover, and grasses, are used for livestock feed and contribute significantly to the Nitrogenous Fertilizer Market.Nitrogenous fertilizers support the growth and quality of forage crops, ensuring a nutritious diet for livestock and supporting the meat and dairy industries. The Nitrogenous Fertilizer Market is expected to grow steadily in the coming years, driven by the rising demand for food, feed, and biofuels. The Crop Type segment will continue to play a crucial role in this growth, with each segment offering specific growth opportunities for market participants.
Nitrogenous Fertilizer Market Application Method Insights
The application method segment includes broadcasting, banding, and fertigation. Broadcasting is the most common method of nitrogenous fertilizer application, accounting for over 50% of the market in 2023. This method involves spreading the fertilizer evenly over the soil surface. Banding is a more precise method of application in which the fertilizer is placed in bands near the plant roots. This method is more efficient than broadcasting, as it reduces nutrient loss and improves crop yields. Fertigation is a method of applying fertilizer through irrigation water.This method is becoming increasingly popular, as it allows for precise control of nutrient application and reduces labor costs.
Nitrogenous Fertilizer Market End Use Insights
The 'Agriculture' segment held the largest share in the Nitrogenous Fertilizer Market in 2023. This is due to the increasing demand for food production, as nitrogen is an essential nutrient for plant growth. The 'Industrial' segment is also expected to grow significantly in the coming years, as nitrogen is used in a variety of industrial applications, such as the production of plastics, fertilizers, and explosives. The Nitrogenous Fertilizer Market is expected to grow from USD 68.77 billion in 2023 to USD 105.08 billion by 2032, at a CAGR of 4.82%.
Nitrogenous Fertilizer Market Regional Insights
The regional segmentation of the Nitrogenous Fertilizer Market provides insights into the market dynamics of different geographic regions. The market is segmented into North America, Europe, Asia-Pacific (APAC), South America, and the Middle East and Africa (MEA). North America holds a significant share of the Nitrogenous Fertilizer Market. The region is characterized by well-established agricultural practices and high demand for nitrogen fertilizers from major agricultural economies such as the United States and Canada. Europe, another key region, has a mature agricultural sector with a focus on sustainable farming.The region has implemented regulations to reduce nitrogen emissions, which is expected to influence the demand for nitrogen fertilizers. APAC is the largest regional segment in the Nitrogenous Fertilizer Market. The region is driven by the rapidly growing agricultural sector in countries such as China, India, and Southeast Asian nations. The increasing demand for food production and the adoption of modern farming techniques are key factors fueling the growth of the nitrogenous fertilizer market in APAC. South America and MEA are emerging markets with significant growth potential.The increasing population and rising demand for food are expected to drive the demand for nitrogen fertilizers in these regions. This growth is attributed to the increasing demand for food production and the adoption of modern farming practices globally.
Figure3: Nitrogenous Fertilizer Market, By Regional, 2023 & 2032 (USD billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Nitrogenous Fertilizer Market Key Players And Competitive Insights
The major players operating in the Nitrogenous fertilizer market are focusing on increasing their production capacities and launching new products to meet the growing demand for nitrogenous fertilizers. These players are also investing heavily in R&D activities to enhance the efficiency and sustainability of their production processes. The Nitrogenous Fertilizer Market is a highly competitive industry, as there are several major players that are striving to gain a significant market share. The Nitrogenous Fertilizer Market’s competitive landscape comprises a combination of large, well-established companies and smaller, more agile players. Yara International ASA is one of the key players in the Nitrogenous Fertilizer Market.
Yara International ASA is a Norwegian chemicals company that produces and markets nitrogenous fertilizers as well as a wide range of other chemical products. The company has a presence, with operations in more than 60 countries. Yara International ASA is strongly committed to sustainable development, and its products are designed to have minimal impact on the environment. The company is also a major R investor, and it has a significant number of innovative products in its pipeline. CF Industries Holdings, Inc. is another leading nitrogenous fertilizer producer.
CF Industries Holdings, Inc. is a US-based company that has production facilities in North America, South America and Europe. CF Industries Holdings, Inc. manufactures a wide range of nitrogenous fertilizers, such as urea, ammonia and nitric acid. In addition, the company is a leading supplier of natural gas, which is a feedstock used for the production of nitrogenous fertilizers.
Key Companies in the Nitrogenous Fertilizer Market Include
Nitrogenous Fertilizer Market Industry Developments
The nitrogenous fertilizer market is poised to witness steady growth in the coming years. In 2023, the market was valued at approximately USD 68.77 billion, and it is projected to reach USD 105.08 billion by 2032, exhibiting a CAGR of 4.82% during the forecast period. This growth can be attributed to the increasing demand for nitrogenous fertilizers in agriculture to enhance crop yield and quality.Recent news developments in the market include strategic partnerships and acquisitions among key players. For instance, in 2023, Yara International ASA acquired 100% of the shares of De Sangosse, a French company specializing in specialty fertilizers and crop protection products. This acquisition strengthens Yara's position in the European fertilizer market.Another notable trend is the growing adoption of controlled-release fertilizers. These fertilizers release nutrients gradually over time, which improves nutrient use efficiency and reduces environmental impact. Key players are investing in research and development to enhance the performance and sustainability of their products.Overall, the nitrogenous fertilizer market is expected to remain dynamic, driven by factors such as increasing crop production, technological advancements, and government initiatives promoting sustainable agriculture practices.
Nitrogenous Fertilizer Market Segmentation Insights
Nitrogenous Fertilizer Market Type Outlook
- Urea
- Ammonium Nitrate
- Ammonia
- Calcium Ammonium Nitrate
- Nitrophosphate
- Nitric Acid
Nitrogenous Fertilizer Market Form Outlook
Nitrogenous Fertilizer Market Crop Type Outlook
- Cereals
- Oilseeds
- Fruits and Vegetables
- Forage Crops
Nitrogenous Fertilizer Market Application Method Outlook
- Broadcasting
- Banding
- Fertigation
Nitrogenous Fertilizer Market End Use Outlook
Nitrogenous Fertilizer Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
65.61(USD Billion) |
| Market Size 2023 |
68.77(USD Billion) |
| Market Size 2032 |
105.08(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
4.82% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Koch Fertilizer, LLC, BASF SE, Gulisthan Fertilizers Limited, OCI N.V, EuroChem Group, CF Industries Holdings, GS Caltex Corp, PhosAgro PJSC, URALCHEM JSC, Yara International ASA, Nutrien, Sibur Holding, Sinofert Holdings Ltd., Mosaic Company |
| Segments Covered |
Type, Form, Crop Type, Application Method, End Use, Regional |
| Key Market Opportunities |
Increasing crop yields, rising demand for biofuels, expansion of agricultural land government initiatives, and technological advancements |
| Key Market Dynamics |
Demand for high-yield crops Government subsidies Growing awareness of efficient farming practices Technological advancements Shifting climate patterns |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Nitrogenous Fertilizer Market is estimated to reach a valuation of USD 68.77 billion in 2023.
The market is projected to expand at a CAGR of 4.82% from 2024 to 2032.
The Asia-Pacific region is anticipated to lead the market in 2023 due to the increasing demand for nitrogenous fertilizers in countries like China and India.
Nitrogenous fertilizers are primarily used to enhance crop yield and quality in various agricultural applications, including cereal production, horticulture, and turf management.
Key players in the market include Yara International, CF Industries Holdings, Inc., The Mosaic Company, Nutrien Ltd., and EuroChem Group AG.
The United States nitrogenous fertilizer market is projected to reach a size of USD 12.5 billion in 2023.
Urea is anticipated to be the fastest-growing segment of the market due to its high nitrogen content and cost-effectiveness.
Factors contributing to market growth include the rising population, increasing demand for food, and the need to improve agricultural productivity.
The conflict has disrupted the supply chain and led to higher prices for nitrogenous fertilizers, particularly in Europe.
Emerging trends include the adoption of precision farming techniques, the development of controlled-release fertilizers, and the increasing focus on sustainable agriculture practices.
