HOME Top Market Reports Nitrogenous Fertilizers Market by Type (Urea, Ammonium Nitrate, Ammonium Sulfate, and Calcium Ammonium Nitrate), Form (Liquid and Dry), Mode of Application (Soil, Foliar, and Fertigation), Crop Type, and Region - Global Forecast to 2022

Nitrogenous Fertilizers Market by Type (Urea, Ammonium Nitrate, Ammonium Sulfate, and Calcium Ammonium Nitrate), Form (Liquid and Dry), Mode of Application (Soil, Foliar, and Fertigation), Crop Type, and Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: February 2017
Report Code: AGI 2298

 

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The global market for nitrogenous fertilizers was valued at USD 108.88 Billion in 2015; this is projected to grow at a CAGR of 2.33% from 2016, to reach USD 127.0 Billion by 2022. The main objectives of the report are to define, segment, and project the size of the global nitrogenous fertilizers market with respect to type, crop type, mode of application, form, and region; provide detailed information regarding the key factors influencing the growth of the market; and strategically profile key players and comprehensively analyze their core competencies.

Years considered for this report

2015 – Base year
2016 – Estimated year
2022 – Projected year

Research Methodology

This research study involves the extensive usage of secondary sources the Food and Agriculture Organization of the United Nations (FAO), the United States Department of Agriculture (USDA), the International Fertilizer Industry Association (IFIA), and the International Fertilizer Society (IFS) to identify and collect information useful for this technical, market-oriented, and commercial study of the nitrogenous fertilizers market. The primary sources are mainly several industry experts from core & related industries and preferred suppliers, manufacturers, distributors, service providers, reimbursement providers, technology developers, alliances, and standard & certification organizations related to all the segments of this industry’s value chain. In-depth interviews have been conducted with various primary respondents, including key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants among other experts to obtain & verify critical qualitative & quantitative information as well as to assess future prospects.

Nitrogenous Fertilizers Market

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The value chain of nitrogenous fertilizers market begins with R&D and product development, in which the selection of source and the quality of the product are determined by the requirement of the product. The value chain helps in bringing about coordination among stakeholders such as Yara International ASA (Norway), Agrium Inc. (Canada), Coromandel International Limited (India), Potash Corp. Of Saskatchewan Inc. (Canada), and Koch Industries Inc. (U.S.A.).

Target Audience

The key stakeholders for the report are as follows:

  • Nitrogenous fertilizer manufacturers
  • Nitrogenous fertilizer importers and exporters
  • Government regulatory authorities and research organizations
  • Nitrogenous fertilizer industry bodies

Scope of the Report

On the basis of Type, market is segmented as follows:

  • Urea
  • Ammonium nitrate
  • Ammonium sulfate
  • Calcium ammonium nitrate (CAN)
  • Other nitrogenous fertilizers (NPK blends, potassium nitrate, diammonium phosphate (DAP), monoammonium phosphate (MAP), and other nitrogen & phosphate compounds)

On the basis of Crop Type, market is segmented as follows:

  • Cereals & grains
  • Oilseeds & pulses
  • Fruits & vegetables
  • Other crops (floriculture crops, permanent crops, plantation crops, pastures, grasslands, and other agricultural cultivation)

On the basis of Mode of Application, the market is segmented as follows:

  • Soil
  • Foliar
  • Fertigation
  • Others (aerial application, basal application, and starter solution)

On the basis of Region, the market is segmented as follows:

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East and Africa (MEA)

Key Takeaways from this Report

  • Global market size in 2015; industry growth forecast from 2016 to 2022
  • The urea segment dominated the nitrogenous fertilizers market in 2015
  • The Asia-Pacific was the dominant region for nitrogenous fertilizers market in 2015.
  • Detailed company profiles of key manufacturers of nitrogenous fertilizers market.
  • Nitrogenous fertilizers market: Porter’s Five Forces analysis
  • Nitrogenous fertilizers market: Key drivers and key opportunities
  • Detailed company profiles of key nitrogenous fertilizer manufacturers

Available Customizations

With the given market data, MarketsandMarkets offer customizations according to the client-specific needs.

The following customization options are available for the report:

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  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Company Information

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Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
    1.4 Periodization Considered for the Study
    1.5 Currency
    1.6 Units
    1.7 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Introduction
    2.2 Research Data
           2.2.1 Secondary Data
                    2.2.1.1 Key Data From Secondary Sources
           2.2.2 Primary Data
                    2.2.2.1 Key Data From Primary Sources
                    2.2.2.2 Key Industry Insights
                    2.2.2.3 Breakdown of Primaries
    2.3 Macro Indicators
           2.3.1 Shrinking Arable Land Area
           2.3.2 Growth in Global Population
           2.3.3 Rising Food Prices
           2.3.4 Increased Reliance on Use of Fertilizers for Productivity Enhancement
           2.3.5 Expected Improvement in Non-Fuel Commodity Prices
           2.3.6 Downward Trend in Input Prices
           2.3.7 Regulatory, Fiscal, and Trade Policy Developments
    2.4 Market Size Estimation
    2.5 Market Breakdown & Data Triangulation
    2.6 Research Assumptions and Limitations
           2.6.1 Assumptions
           2.6.2 Limitations

3 Executive Summary (Page No. - 39)

4 Premium Insights (Page No. - 45)
    4.1 Attractive Opportunities in this Market
    4.2 Nitrogenous Fertilizers Markets, By Key Country
    4.3 Life Cycle Analysis: Nitrogenous Fertilizers Market, By Region
    4.4 Nitrogenous Fertilizers Market, By Type
    4.5 Largest and Fastest Growing Nitrogenous Fertilizers Markets, 2016 vs 2022
    4.6 Nitrogenous Fertilizers Market, By Type & Region
    4.7 Asia-Pacific Nitrogenous Fertilizers Market, By Country & Crop Type
    4.8 Nitrogenous Fertilizers Market, By Mode of Application

5 Market Overview (Page No. - 53)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Type
           5.2.2 By Crop Type
           5.2.3 By Mode of Application
           5.2.4 By Form
           5.2.5 By Region
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Need to Increase Productivity and to Level Yield & Fertilizer Intensity Gaps Across Regions
                    5.3.1.2 Rising Awareness About Soil Profile and Nutritional Balance, Backed By State Support
           5.3.2 Restraints
                    5.3.2.1 Increasing Trend of Organic Consumption
           5.3.3 Opportunities
                    5.3.3.1 Rising Input Demand as A Result of Increasing Investment in Agriculture, Especially in Africa
           5.3.4 Challenges
                    5.3.4.1 Environmental Concerns
                    5.3.4.2 Unfavorable Regulatory Stance

6 Industry Trends (Page No. - 66)
    6.1 Trade Analysis
    6.2 Supply Chain
    6.3 Porter’s Five Force Analysis
           6.3.1 Threat From New Entrants
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Suppliers
           6.3.4 Bargaining Power of Buyers
           6.3.5 Intensity of Competitive Rivalry

7 Nitrogenous Fertilizers Market, By Type (Page No. - 71)
    7.1 Introduction
    7.2 Urea
    7.3 Ammonium Nitrate
    7.4 Ammonium Sulfate
    7.5 Ammonia
    7.6 Calcium Ammonium Nitrate (CAN)
    7.7 Others

8 Nitrogenous Fertilizers Market, By Form (Page No. - 79)
    8.1 Introduction
    8.2 Dry
    8.3 Liquid
    8.4 Other Forms

9 Nitrogenous Fertilizers Market, By Crop Type (Page No. - 83)
    9.1 Introduction
    9.2 Cereals & Grains
    9.3 Oilseeds & Pulses
    9.4 Fruits & Vegetables
    9.5 Others

10 Nitrogenous Fertilizers Market, By Mode of Application (Page No. - 94)
     10.1 Introduction
     10.2 Soil
     10.3 Foliar
     10.4 Fertigation
     10.5 Others

11 Nitrogenous Fertilizers Market, By Region (Page No. - 100)
     11.1 Introduction
     11.2 North America
             11.2.1 U.S.
             11.2.2 Canada
             11.2.3 Mexico
     11.3 Europe
             11.3.1 U.K.
             11.3.2 Germany
             11.3.3 France
             11.3.4 Italy
             11.3.5 Spain
             11.3.6 Rest of Europe
     11.4 Asia-Pacific
             11.4.1 China
             11.4.2 India
             11.4.3 Japan
             11.4.4 Rest of Asia-Pacific
     11.5 South America
             11.5.1 Brazil
             11.5.2 Argentina
             11.5.3 Rest of South America
     11.6 Middle East & Africa
             11.6.1 Africa
             11.6.2 Middle East

12 Competitive Landscape (Page No. - 136)
     12.1 Overview
     12.2 Competitive Situations & Trends
             12.2.1 Acquisitions
             12.2.2 Expansions
             12.2.3 Investments & Divestments
             12.2.4 Agreements
             12.2.5 Collaborations & Joint Ventures
             12.2.6 New Product Launches
     12.3 Vendor Analysis
     12.4 Ranking Analysis, By Company

13 Company Profiles (Page No. - 146)
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
     13.1 Introduction
     13.2 Bunge Limited
     13.3 Agrium Inc.
     13.4 Yara International ASA
     13.5 Potash Corp. of Saskatchewan, Inc.
     13.6 Eurochem Group AG
     13.7 CF Industries Holdings Inc.
     13.8 Sinofert Holdings Limited.
     13.9 Coromandel International Ltd.
     13.10 CVR Partners, LP
     13.11 Koch Industries, Inc.

*Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 171)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Other Developments
     14.5 Introducing RT: Real-Time Market Intelligence
     14.6 Available Customizations
     14.7 Related Reports
     14.8 Author Details


List of Tables (84 )

Table 1 Nitrogenous Fertilizers Trade Data, By Largest Exporter, 2011–2015 (USD Million)
Table 2 Nitrogenous Fertilizers Trade Data, By Largest Importer, 2011–2015 (USD Million)
Table 3 Nitrogenous Fertilizers Market Size, By Type, 2014-2022 (USD Billion)
Table 4 Market Size, By Type, 2014-2022 (KT)
Table 5 Urea Fertilizers Market, By Region, 2014–2022 (USD Billion)
Table 6 Ammonium Nitrate Fertilizers Market, By Region, 2014–2022 (USD Billion)
Table 7 Ammonium Sulfate Fertilizers Market, By Region, 2014–2022 (USD Million)
Table 8 Ammonia Fertilizers Market, By Region, 2014–2022 (USD Billion)
Table 9 Calcium Ammonium Nitrate Fertilizers Market, By Region, 2014–2022 (USD Billion)
Table 10 Other Nitrogenous Fertilizers Market, By Region, 2014–2022 (USD Billion)
Table 11 Nitrogenous Fertilizers Market Size, By Form, 2014–2022 (USD Billion)
Table 12 Market Size, By Form, 2014–2022 (KT)
Table 13 Dry Nitrogenous Fertilizers Market Size, By Region, 2014–2022 (USD Billion)
Table 14 Liquid Nitrogenous Market Size, By Region, 2014–2022 (USD Million)
Table 15 Other Forms: Nitrogenous Market Size, By Region, 2014–2022 (USD Million)
Table 16 Nitrogenous Fertilizers Market Size, By Crop Type, 2014-2022 (USD Billion)
Table 17 Market Size, By Crop Type, 2014-2022 (KT)
Table 18 Cereals & Grains Market Size, By Region, 2014-2022 (USD Billion)
Table 19 Cereals & Grains Market Size, By Type, 2014-2022 (USD Billion)
Table 20 Oilseeds & Pulses Market Size, By Region, 2014-2022 (USD Billion)
Table 21 Oilseeds & Pulses Market Size, By Type, 2014-2022 (USD Billion)
Table 22 Fruits & Vegetables Market Size, By Region, 2014-2022 (USD Billion)
Table 23 Fruits & Vegetables Market Size, By Type, 2014-2022 (USD Billion)
Table 24 Nitrogenous Fertilizers Market Size for Other Crop Types, By Region, 2014-2022 (USD Billion)
Table 25 Nitrogenous Fertilizers Market Size, By Mode of Application, 2014-2021 (USD Billion)
Table 26 Market Size, By Mode of Application, 2014-2022 (KT)
Table 27 Soil: Nitrogenous Fertilizers Market Size, By Region, 2014-2022 (USD Billion)
Table 28 Foliar: Nitrogenous Fertilizers Market Size, By Region, 2014-2022 (USD Million)
Table 29 Fertigation: Nitrogenous Fertilizers Market Size, By Region, 2014-2022 (USD Million)
Table 30 Other Modes of Application: Nitrogenous Fertilizers Market Size, By Region, 2014-2022 (USD Million)
Table 31 Nitrogenous Fertilizers Market Size, By Region, 2014-2022 (USD Billion)
Table 32 Market Size, By Region, 2014-2022 (KT)
Table 33 North America: Nitrogenous Fertilizers Market Size, By Country, 2014-2022 (USD Billion)
Table 34 North America: Market Size, By Type, 2014-2022 (USD Million)
Table 35 North America: Market Size, By Form, 2014-2022 (USD Million)
Table 36 North America: Market Size, By Mode of Application, 2014-2022 (USD Million)
Table 37 North America: Market Size, By Crop Type, 2014-2022 (USD Billion)
Table 38 U.S.: Nitrogenous Fertilizers Market Size, By Type, 2014–2022 (USD Million)
Table 39 Canada: Nitrogenous Fertilizers Market Size, By Type, 2014–2022 (USD Million)
Table 40 Mexico: Nitrogenous Fertilizers Market Size, By Type, 2014–2022 (USD Billion)
Table 41 Europe: Nitrogenous Fertilizers Market Size, By Country, 2014–2022 (USD Billion)
Table 42 Europe: Market Size, By Type, 2014–2022 (USD Million)
Table 43 Europe: Market Size, By Mode of Application, 2014–2022 (USD Billion)
Table 44 Europe: Market Size, By Crop Type, 2014–2022 (USD Billion)
Table 45 Europe: Market Size, By Form, 2014–2022 (USD Billion)
Table 46 U.K.: Nitrogenous Fertilizers Market Size, By Type, 2014–2022 (USD Million)
Table 47 Germany: Nitrogenous Fertilizers Market Size, By Type, 2014–2022 (USD Billion)
Table 48 France: Nitrogenous Fertilizers Market Size, By Type, 2014–2022 (USD Million)
Table 49 Italy: Nitrogenous Fertilizers Market Size, By Type, 2014–2022 (USD Billion)
Table 50 Spain: Nitrogenous Fertilizers Market Size, By Type, 2014–2022 (USD Million)
Table 51 Rest of Europe: Nitrogenous Fertilizers Market Size, By Type, 2014–2022 (USD Million)
Table 52 Asia-Pacific: Nitrogenous Fertilizers Market Size, By Country, 2014–2022 (USD Billion)
Table 53 Asia-Pacific: Market Size, By Type, 2014-2022 (USD Billion)
Table 54 Asia-Pacific: Market Size, By Mode of Application, 2014–2022 (USD Billion)
Table 55 Asia-Pacific: Market Size, By Crop Type, 2014–2022 (USD Billion)
Table 56 Asia-Pacific: Market Size, By Form, 2014–2022 (USD Billion)
Table 57 China: Nitrogenous Fertilizers Market Size, By Type, 2014–2022 (USD Billion)
Table 58 India: Nitrogenous Fertilizers Market Size, By Type, 2014–2022 (USD Billion)
Table 59 Japan: Nitrogenous Fertilizers Market Size, By Type, 2014–2022 (USD Billion)
Table 60 Rest of Asia-Pacific: Nitrogenous Fertilizers Market Size, By Type, 2014–2022 (USD Billion)
Table 61 South America: Nitrogenous Fertilizers Market Size, By Country, 2014–2022 (USD Billion)
Table 62 South America: Market Size, By Type, 2014–2022 (USD Billion)
Table 63 South America: Market Size, By Mode of Application, 2014–2022 (USD Billion)
Table 64 South America: Market Size, By Crop Type, 2014–2022 (USD Billion)
Table 65 South America: Market Size, By Form, 2014–2022 (USD Billion)
Table 66 Brazil: Nitrogenous Fertilizers Market Size, By Type, 2014–2022 (USD Billion)
Table 67 Argentina: Nitrogenous Fertilizers Market Size, By Type, 2014–2022 (USD Million)
Table 68 Rest of South America: Nitrogenous Fertilizers Market Size, By Type, 2014–2022 (USD Million)
Table 69 Middle East & Africa: Nitrogenous Fertilizers Market Size, By Region, 2014–2022 (USD Billion)
Table 70 Middle East & Africa: Market Size, By Type, 2014–2022 (USD Million)
Table 71 Middle East & Africa: Market Size, By Mode of Application, 2014–2022 (USD Million)
Table 72 Middle East & Africa: Market Size, By Crop Type, 2014–2022 (USD Million)
Table 73 Middle East & Africa: Market Size, By Form, 2014–2022 (USD Million)
Table 74 Africa: Nitrogenous Fertilizers Market Size, By Type, 2014–2022(USD Million)
Table 75 Middle East: Nitrogenous Fertilizers Market Size, By Type, 2014–2022 (USD Million)
Table 76 Acquisitions, 2011–2016
Table 77 Expansions, 2011–2016
Table 78 Investments & Divestments, 2011–2016
Table 79 Agreement, 2011–2016
Table 80 Collaborations & Joint Ventures, 2011–2016
Table 81 New Product Launches, 2011–2016
Table 82 Top Five Companies in the Nitrogenous Fertilizers Market, on the Basis of Production Capacity and Products
Table 83 Acquisitions
Table 84 Expansions, 2011–2016


List of Figures (80 Figures)

Figure 1 Market Segmentation
Figure 2 Nitrogenous Fertilizers Market: Research Design
Figure 3 Breakdown of Primary Interviews, By Company Type, Designation, and Region
Figure 4 Global Arable Land Area, 1985–2014
Figure 5 Arable Land Area, Decadal Average (1965–2014)
Figure 6 Per Capita Arable Land (1961–2013)
Figure 7 Population Growth Trend, 1950–2100
Figure 8 Global Food Price Index
Figure 9 Fertilizer Consumption (Kilograms Per Hectare of Arable Land)
Figure 10 Global Fertilizer Price Index
Figure 11 Oil & Non-Fuel Commodity Price, 2015–2017 (Percentage Change Over Previous Year)
Figure 12 Natural Gas Price Trend (2005–2016)
Figure 13 Market Size Estimation Methodology: Bottom-Up Approach
Figure 14 Market Size Estimation Methodology: Top-Down Approach
Figure 15 Data Triangulation Methodology
Figure 16 Nitrogenous Fertilizers Market Size, By Type, 2016 vs 2022
Figure 17 Fruits & Vegetables Segment is Projected to Be the Fastest-Growing From 2016 to 2022
Figure 18 Dry Segment is Projected to Dominate the Market From 2016 to 2022
Figure 19 Soil Segment is Estimated to Dominate the Market for Nitrogenous Fertilizers in 2016
Figure 20 Asia-Pacific is Expected to Be the Largest Market, 2014–2022 (USD Billion)
Figure 21 South America is Projected to Be the Fastest-Growing Nitrogenous Fertilizers Market From 2016 to 2022
Figure 22 Nitrogenous Fertilizers: an Emerging Market With Promising Growth Potential, 2016-2022
Figure 23 China Accounted for the Largest Share in the Nitrogenous Fertilizers Market in 2015
Figure 24 Nitrogenous Fertilizers Market in Asia-Pacific is Experiencing High Growth
Figure 25 Urea is Expected to Dominate the Market Throughout the Forecast Period
Figure 26 India & Brazil are Projected to Be the Most Attractive Markets for Nitrogenous Fertilizers During the Forecast Period
Figure 27 Asia-Pacific Accounted for the Largest Share in the Urea Segment in 2015
Figure 28 Large Availability of Agricultural Land and Increased Nutrient Deficiency in the Soil Strengthened the Demand for Nitrogenous Fertilizers in the Asia-Pacific Region
Figure 29 Soil Segment is Projected to Be the Largest Throughout the Forecast Period
Figure 30 Nitrogenous Fertilizers Market Segmentation, By Type
Figure 31 Market Segmentation, By Crop Type
Figure 32 Market Segmentation, By Mode of Application
Figure 33 Market Segmentation, By Form
Figure 34 Market Segmentation, By Region
Figure 35 Nitrogenous Fertilizers Market
Figure 36 Corn Yield Comparison, By Country (2014)
Figure 37 Wheat Yield Comparison, By Country (2014)
Figure 38 Rice Yield Comparison, By Country (2014)
Figure 39 Soybean Yield Comparison, By Country (2014)
Figure 40 Global FDI Inflow (2010-15)
Figure 41 Global and African Inward FDI Stock, Sectoral Distribution (2014)
Figure 42 FDI Inflow in Africa, By Region, 2010-2015 (USD Million)
Figure 43 Nitrogenous Fertilizers: Supply Chain
Figure 44 Nitrogenous Fertilizers: Porter’s Five Force Analysis
Figure 45 Nitrogenous Fertilizers, By Type, 2016 vs 2022
Figure 46 Urea: Nitrogenous Fertilizers Market in 2015
Figure 47 Demand for Cereals & Grains is Expected to Dominate the Global Nitrogenous Fertilizers Market From 2016 to 2022
Figure 48 Brazil: Demand for Nitrogenous Fertilizers in the Production of Cereals, 2010-2020 (Tons/KT)
Figure 49 Cereal Production in EU Countries, 2014
Figure 50 Asia-Pacific to Be the Largest Market for Cereals & Grains, 2016 vs 2022
Figure 51 Global Production of Major Oilseed Crops, 2010 to 2014 (Million Tons)
Figure 52 Global Fruit Production, By Region, 2013 (Million Metric Tons)
Figure 53 Global Production of Vegetables and Melons, 1990 to 2013 (Million Metric Tons)
Figure 54 Fertigation is Projected to Be the Fastest-Gorwing Market, 2016-2022
Figure 55 Geographic Snapshot (2016-2022): India, Brazil, and Japan Emerging as New Hotspots
Figure 56 Soil Types in the U.S.
Figure 57 Fertilizer Production Trend in Canada
Figure 58 Asia-Pacific Nitrogenous Fertilizers Market Snapshot
Figure 59 South America: Nitrogenous Fertilizers Market Snapshot
Figure 60 Acquisition is the Key Startegy Adopted By the Key Players in the Market
Figure 61 Acquisitions: the Key Strategy, 2011–2016
Figure 62 Nitrogenous Fertilizers Market: Annual Developments, 2011–2016
Figure 63 Vendor Analysis: Criteria Weightage
Figure 64 Product Offerings Comparison
Figure 65 Business Strategy Comparison
Figure 66 Geographical Revenue Mix of Top 4 Market Players
Figure 67 Bunge Limited: Company Snapshot
Figure 68 Bunge Limited: SWOT Analysis
Figure 69 Agrium Inc.: Company Snapshot
Figure 70 Agrium Inc. : SWOT Analysis
Figure 71 Yara International ASA: Company Snapshot
Figure 72 Yara International ASA: SWOT Analysis
Figure 73 Potash Corp. of Saskatchewan, Inc.: Company Snapshot
Figure 74 Potash Corp. of Saskatchewan, Inc.: SWOT Analysis
Figure 75 Eurochem Group AG: Company Snapshot
Figure 76 Eurochem Group AG: SWOT Analysis
Figure 77 CF Industries Holdings Inc.: Company Snapshot
Figure 78 Sinofert Holdings Limited.: Company Snapshot
Figure 79 Coromandel International Ltd.: Company Snapshot
Figure 80 CVR Partners, LP: Company Snapshot

The market for nitrogenous fertilizers is projected to reach USD 127.00 Billion by 2022, at a CAGR of around 2.33% from 2016. The global nitrogenous fertilizers market has grown exponentially in the last few years. Need to increase productivity and level yield and fertilizer intensity gaps across regions, rise in awareness regarding soil profile, and nutritional balance backed by state support are the major drivers for the market.

On the basis of type, the global market is segmented into urea, ammonium nitrate, ammonium sulfate, calcium ammonium nitrate (CAN), and other nitrogenous fertilizers (NPK blends, potassium nitrate, diammonium phosphate (DAP), monoammonium phosphate (MAP), and other nitrogen & phosphate compounds). The urea segment accounted for the largest in 2015, followed by ammonium sulfate. The ammonium nitrate segment is projected to be the fastest-growing segment during the forecast period.

The fruits & vegetables segment, on the basis of crop type, is projected to grow at a significant rate during the forecast period. As fruits & vegetables are sensitive crops, their growth can be affected due to the nutrient deficiencies in soil. Awareness regarding the importance of nutrients for these crops and demand for increased production drives the demand for nitrogenous fertilizers.

On the basis of mode of application, the global market is segmented into soil, foliar, and fertigation. The fertigation segment is projected to grow at the highest CAGR during the forecast period. Farmers around the globe are also shifting from traditional farming to technological farming, which in turn leads to the adoption of fertigation as a mode of application.

On the basis of form, the dry segment accounted for the largest segment in 2015 and is also projected to grow at the fastest-growing rate during the forecast period. Dry nitrogenous fertilizers are easy to handle and apply and cost-effective, which are the major factors driving the market for the dry segment.

Nitrogenous Fertilizers Market

The South American market is projected to grow at the highest CAGR during the forecast period, owing to the increase in awareness about the modern agricultural practices. The growth in demand for food is also driving the market. Growth is majorly witnessed in Brazil and Argentina, owing to the rise in awareness and adoption of modern agricultural practices.

The major restraints of the nitrogenous fertilizers market are the trend toward organic food and non-food consumption, which in turn, is driving the demand for biofertilizers. The nitrogenous fertilizers market has a number of large- and small-scale firms. Acquisitions and expansions were the key strategies adopted by market players to ensure their growth. Major players in the market include Yara International ASA (Norway), Agrium Inc. (Canada), Coromandel International Limited (India), Potash Corp. Of Saskatchewan Inc. (Canada), and Koch Industries Inc. (U.S.A.).

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