Bharat Book Bureau Provides the Trending Market Research Report on “Global Nitrogenous Fertilizer Market Outlook, 2027 “under Food & Beverage category. The Global Nitrogenous Fertilizer Market is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports.
Nitrogenous fertilizers are the indispensable nutrient for plant growth. Crops need nitrogen during entire process of growth and split application ensures maximum utilization of fertilizer by crops. The number of split application depends on type of crops. Though the natural air consists of nitrogen the plants cannot directly absorb them as a result of which they need to be fed with fertilizers. The best time to apply nitrogen fertilizer is early morning or after dusk when the atmosphere is not much hot and immediate irrigation should follow for high levels of absorption. The soil gets deteriorated due to over and over use and needs to be replenished with nutrients. The harvesting of crops removes soil nutrients further. The population of world is increasing at an alarming rate and so are the food demands by them. To meet the growing demands of populace leads to increase use of fertilizers for increased production capacities.
According to the research report “Global Nitrogenous Fertilizer Market Outlook, 2027″ published, the fertilizer market is anticipated to grow at a CAGR of 5.27% by 2027. Latin America is expected to grow rapidly over the forecast period. Plants need nitrogen, phosphorus and potassium for their growth but, nitrogen fertilizers are given more emphasis as they are needed in large quantities and give great response. Urea Nitrogen fertilizer by product accounted for highest market share in 2021. Liquid nitrogen fertilizers are forecasted to grow rapidly but high costs hamper the substantial growth. Brazil is the fourth largest nitrogen producer and consumer in the world. China accounts for nearly 25% of nitrogen fertilizer market share globally.
Nitrogen fertilizers are in two forms Dry and Liquid. Liquid fertilizers are water soluble fertilizers that give fast response within days or week and lasts for 2-6weeks. Whereas dry fertilizers also labelled as slow release fertilizers that provide long term nutrients and lasts for 8-12 weeks and in some cases the time extends as much as 20 weeks.
Fertilizer use is dependent on the four R’s that is right product, right amount, right time, and right placement. Fertilizers should be added after soil testing to assess the type and amount of fertilizer deficiency. Also it depends on crop type and yield quality and production numbers. To ascertain, whether the soil has lost or retain moisture and seasonal forecasts that would affect crop yields. Nitrogen fertilizer should not be applied to water logged fields and avoid tillage in wet lands. Forecast the possible weather condition and soil saturation before application. During hot summer days urea should not be used after irrigation as it increases volatilisation losses. Less arable land and moderate temperatures results in repetitive use of fertilizers on same piece of land. Phosphatic fertilizers have a slow growth rate when compared to other fertilizers. The fertilizer raw materials are highly fragmented and unequally found around the world as a result of which the transportation costs are very high.
Urea as a nitrogen fertilizer is widely used; given its easy availability, easy application and low costs. Nitrogen protects the plants from withering and turning pale yellow. It is essential for all vegetables but excess can cause slow root growth and excess foliage. Vegetables that need high nitrogen levels are beets, broccoli, Brussels sprouts, cauliflower, cabbage, green leafy vegetables, potatoes, leek, and spinach. Medium or balanced levels of nitrogen are required for asparagus, eggplants, lettuce, onion, garlic, pepper, tomato, sweet corn. Carrots, cucumber, beans, peas, radish, turnip require less nitrogen. Rice, wheat and maize are the three major cereals that account for maximum nitrogen fertilizer utilization.
The COVID-19 pandemic has moderately impacted Nitrogen fertilizer market landscape. Lockdown imposed to combat the spread of pandemic limited the production and supply of fertilizers thereby affecting crop production activities. Producers are resolving the challenges caused by the pandemic and adapting to the changing dynamics of the sector. Although government exempted agriculture from lockdown; the most severe impact was on the demand for end-use products, limiting the market opportunities for fertilizer producers. Several companies cut down on the production and supply of their fertilizers. Many small scale production units were forced to shut down. Labour transit was another problem as migration was limited and transportation was also affected.
Major Companies present in the market
The Mosaic Company, Yara International, Nutrien Limited, OCP Group, CF Industries Holdings, Sociedad Química y Minera de Chile (SQM), National Fertilizers Limited Coromandel International Limited, EuroChem Group, Wesfarmers, Indian Farmers Fertilizer Co-operative Limited (IFFCO)
Considered in this report
• Geography: Global
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027
Aspects covered in this report
• Global Nitrogenous fertilizer market with its value and forecast along with its segments
• Region-wise fertilizer market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation
Regions covered in the report
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & South Africa
By Product type in the report:
• Urea
• Ammonium sulphate
• Calcium ammonium nitrate/ Ammonium nitrate
• Others (UAN, Sodium Nitrate, Ammonia Anhydrous, Other nitrogenous fertilizer)
By physical formulation in the report:
• Dry
• Liquid
The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.
Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to fertilizer industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
Browse our full report with Table of Contents:
https://www.bharatbook.com/report/1339659/global-nitrogenous-fertilizer-market-outlook
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