The nitrogenous fertilizers market has many players (small, medium, and large); however, the market is dominated by a few, 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.), collectively accounting for a significant share in the nitrogenous fertilizers market. Acquisitions and expansions were the preferred growth strategies of the key players from 2011 to 2016 for better penetration and coverage, to enhance their product portfolios, and to reach new potential markets. Other players such as CVR Partners LP (U.S.), Sinofert Holdings Limited (China), Bunge Limited (Netherlands), and CF Industries Holdings Inc. (U.S.), also have a strong presence in this market.
Yara International ASA (Norway)
Yara International ASA is one of the largest fertilizer companies in the world and is primarily engaged in the production and distribution of mineral fertilizers and environmental solutions.
The company operates through three business segments, namely, downstream, industrial, and upstream. It offers nitrogenous fertilizers through its fertilizer segment. The nitrogen fertilizers production is the core business of the company. It offers a wide nitrogen fertilizer portfolio to growers under its downstream segment and also offers ammonia, urea, nitrates, and other nitrogen-based products.
The company operates globally through its subsidiaries and has its sales offices, terminals, and warehouses in over 50 countries. Yara sells its products in 120 countries with its geographic presence in the Americas, Europe, Africa, and Asia.
Agrium Inc. (Canada)
Agrium is primarily engaged in the manufacture and marketing of agricultural nutrients and industrial products. It manages its business through two major business segments-wholesale and retail. It offers nitrogenous fertilizer products under the segments fertilizers and crop nutrients. Under its retail business segment, Agrium has several subsegments, including crop nutrition, crop protection products, seed, merchandise, and services. Its wholesale segment is segmented into nitrogen, potash, phosphate, and ammonium.
The company operates globally through its subsidiaries and strategic business units, including Agrium Advanced Technologies, Agrium Europe, and Agrium Wholesale. It has presence in North America, South America, Europe, and Australia. Agrium retail-distribution has a network of over 1,300 facilities and over 3,000 crop consultants.
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
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