Market Overview:

The global nitrogenous fertilizer market size was valued at USD 113.70 billion in 2018 and is projected to reach USD 148.57 billion by 2032, exhibiting a CAGR of 1.90% during the forecast period based on our analysis in the existing report. The massive investments in R&D products with active ingredients will aid the growth of the market. According to a report published by Fortune Business Insights, titled " Nitrogenous Fertilizers Market Size, Share & Industry Analysis, By Type (Urea, Calcium Ammonium Nitrate, UAN, Ammonium Sulphate, and Other Nitrogenous Fertilizers), By Crop Type (Cereals, Pulses & Oilseeds, Fruits & Vegetables, and Turf & Ornamentals), and Regional Forecast, 2019–2032,”.

Nitrogenous fertilizers are products that are produced through a combination of substances that are inclusive of nitrogen. The constantly rising global population has created a subsequent demand for crop produce across the world. Recent advances in agricultural activities will emerge in favor of the companies operating in the market. The increasing number of agricultural subsidies will bode well for nitrogenous fertilizer vendors across the globe. The ability of nitrogenous fertilizers to improve the nutrient content of agricultural crop produce will lead to wider adoption of the product across the world.

Some of the companies that are operating in the market include:

• Yara International ASA
• Nutrien Ltd.
• EuroChem Group AG.
• CF Industries Holdings Inc.
• PJSC Togliattiazot
• Koch Fertilizers, LLC
• OCI Nitrogen
• Sinofert Holdings Limited
• Coromandel International Ltd.
• URALCHEM Holding Plc.

Nitrogenous Fertilizer Market Key Drivers:

• Rising Global Population: Increasing population boosts food demand, driving the need for higher crop yields and fertilizers.
• Agricultural Intensification: Growing focus on maximizing land productivity leads to higher nitrogen fertilizer usage, especially in developing countries.
• Government Support: Subsidies and initiatives promoting fertilizer usage to enhance food security spur market growth.
• Technological Advancements: Innovations in farming practices like precision agriculture improve nitrogen efficiency, driving fertilizer adoption.
• Soil Nutrient Depletion: Continuous farming depletes soil nutrients, particularly nitrogen, increasing the demand for fertilizers to maintain crop productivity.