Nitrogenous Fertilizer Market Global Market Report 2024

Nitrogenous fertilizer refers to mineral and organic substances employed as a nitrogen source for plant nutrition. Its chemical composition is characterized by a higher percentage of nitrogen compared to other nutrients. Nitrogen in fertilizers used in crop production commonly exists in the form of nitrate, ammonia, ammonium, or urea.

The primary types of nitrogenous fertilizers include urea, ammonium nitrate, ammonium sulfate, calcium ammonium nitrate (CAN), and various other types. Urea, a crucial segment of nitrogenous fertilizers, is a chemical compound rich in nitrogen and is widely used in fertilizers and feed supplements. Urea stands out as a key nitrogenous fertilizer due to its high nitrogen content (46% N). These fertilizers play a significant role in the cultivation of cereals and grains, oilseeds and pulses, fruits and vegetables, and other crops. Both dry and liquid forms of nitrogenous fertilizers find application in various methods, including soil application, foliar application, fertigation, and other specialized applications.

The nitrogenous fertilizers market research report is one of a series of new reports that provides nitrogenous fertilizers market statistics, including nitrogenous fertilizer industry global market size, regional shares, competitors with a nitrogenous fertilizers market share, detailed nitrogenous fertilizers market segments, market trends and opportunities, and any further data you may need to thrive in the nitrogenous fertilizer industry. This nitrogenous fertilizers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The nitrogenous fertilizer market size has grown strongly in recent years. It will grow from $73.41 billion in 2023 to $79.16 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth observed in the historical period can be attributed to several factors, including population growth, expansion in the agricultural sector, the mechanization of farming processes, government subsidies, and overall economic growth.

The nitrogenous fertilizer market size is expected to see strong growth in the next few years. It will grow to $109.37 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The anticipated growth in the forecast period can be attributed to factors such as the increasing focus on global food security, a rising adoption of precision agriculture, the promotion of crop rotation practices, and ongoing infrastructure development. Notable trends expected in this forecast period encompass the utilization of customized fertilizer blends, efforts toward carbon sequestration, advancements in nutrient management practices, and a growing interest in organic and natural fertilizers.

The nitrogenous fertilizers market is witnessing growth propelled by the increasing demand for fertilizers. Fertilizers, containing chemical components essential for plant growth, play a crucial role in replenishing soil nutrients and enhancing fertility. Nitrogenous fertilizers, a widely utilized source of plant nitrogen nutrition, are experiencing rising demand. According to the United Nations Environment Program's report on the environmental and health impacts of pesticides and fertilizers, global demand for pesticides and fertilizers is expected to expand by approximately 4.1%, reaching USD 309 billion by 2025. This surge in fertilizer demand is anticipated to drive the nitrogenous fertilizers market during the forecast period.

The nitrogenous fertilizers market is poised for expansion due to the growing global population. With an increasing demand for food production to meet the needs of a growing population, higher agricultural yields become imperative. Nitrogenous fertilizers, crucial for enhancing crop productivity and quality, are expected to play a pivotal role in addressing the rising demand for agricultural output. Notably, the U.S. Census Bureau reported a 0.4% increase in the United States' resident population in September 2022, reaching 333,287,557. This demographic trend contributes to the heightened demand for nitrogenous fertilizers.

A noteworthy trend in the nitrogenous fertilizers market is the adoption of nanotechnology. Companies in the nitrogenous fertilizers sector are actively exploring the use of nutrient-rich nanoparticles for the development and manufacturing of nanoscale nitrogenous fertilizers. Nano fertilizers offer several advantages, including increased soil fertility and crop quality parameters, reduced environmental risks, and enhanced profitability. The Indian Farmers Fertiliser Cooperative Limited (IFFCO) introduced Nano Urea Liquid in June 2021, recognized as a nano fertilizer by the Indian government and listed in the Fertilizer Control Order (FCO).

Strategic partnerships are a significant approach adopted by major companies in the nitrogenous fertilizers market for plant expansion. This collaborative strategy involves leveraging strengths and resources to achieve mutual benefits. For example, in July 2023, Porto do Açu Ltd. in Brazil partnered with Toyo Setal, an engineering company, to develop a nitrogenous fertilizer production plant. The partnership aims to collaboratively structure, develop, and operate the plant, contributing to domestic production expansion.

In September 2021, Yara, a Norway-based chemical company specializing in nitrogen-based chemicals, acquired Ecolan in Finland for an undisclosed amount. This strategic acquisition combines Yara's expertise with Ecolan's knowledge to develop recycled and organic fertilizers for markets outside of Finland, contributing to sustainable agricultural practices.

Major companies operating in the nitrogenous fertilizer market market include Sorfert Algeria Spa, OCI NV, Nutrien Ltd., Yara Fertilisers India Pvt Ltd., Central Farmers Fertilizer Company, Compo Expert Gmbh, Coromandel International Ltd., EuroChem Group AG, Indian Farmers Fertilizer Cooperative Ltd., Koch Industries Inc., Saudi Basic Industries Corp, Wilbur-Ellis LLC, Terra Nitrogen Company L.P., LSB Industries Inc., Shandong Hualu Hengsheng Chemical Co Ltd., Agrium Inc., Potash Corporation of Saskatchewan Inc., AgroLiquid, Agrofert Holding AS, Bunge Ltd., Fertiberia Sociedad Anonima, Haifa Chemicals Ltd., Israel Chemicals Ltd., Kali und Salz GmbH, The Mosaic Company, PhosAgro, Sinochem Hong Kong Holdings Ltd.

Asia-Pacific was the largest region in the nitrogenous fertilizers market in 2023, and it is expected to be the fastest-growing region in the forecast period. The regions covered in the nitrogenous fertilizers market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the nitrogenous fertilizers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.

The nitrogenous fertilizers market consists of sales of calcium nitrate, calcium nitrate and anhydrous ammonia for use as fertilizers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.