Global Nitrogenous Fertilizer Market 2015-2019
About Nitrogenous Fertilizer
Nitrogen is a vital component of plant proteins. While it is present abundantly in the Earth's atmosphere, several plants are incapable of converting them into a form they can use. Hence, nitrogenous fertilizers are used to provide nutrition and enhance growth, color, and texture of crops. The nitrogen in the fertilizers stimulates chloroplasts in plants and enhances the rate of photosynthesis, improving the quality and quantity of yields. They are available in two forms: dry pellets and liquid.
Technavio's analysts forecast the global nitrogenous fertilizer market to grow at a CAGR of 1.99% in terms of revenue and 1.60% in terms of volume over the period 2014-2019.
Covered in this Report
In this report, Technavio covers the present scenario and growth prospects of the global nitrogenous fertilizer market for the period 2015–2019. To determine the market size, we use the revenue generated from the sales of nitrogenous fertilizers. Nitrogenous fertilizers can be segmented into three: urea, ammonium nitrate, and others.
Technavio's report, Global Nitrogenous Fertilizer Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers APAC, Europe, Latin America, North America, and ROW; it also covers the landscape of the global nitrogenous fertilizer market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.Key Regions
Technavio Announces the Publication of its Research Report – Global Nitrogenous Fertilizers Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Nitrogenous Fertilizers Market: Agrium, CF Industries, PotashCorp and Yara International
Other Prominent Vendors in the market are: Bunge, Coromandel International, CVR Partners, Eurochem, Hubei Yihua, ICL Fertilizers, Koch Industries, Rentech, Sinofert Holdings and The Mosaic Company
Commenting on the report, an analyst from Technavio’s team said: “A large number of countries worldwide are directing efforts to achieve self-sufficiency. The US, Brazil, and Vietnam, in particular, are taking significant steps to improve self-sufficiency in terms of certain nitrogenous fertilizers. For instance, the US is a major importer of urea, particularly from the Middle East, with 72% of its demands satisfied by imports in 2013. However, heavy investment in new fertilizer plants could make the US self-sufficient. This is supported by factors such as lower natural gas costs, owing to the shale gas revolution; the easy availability of natural gas; and the expansion of nitrogen production capacity. Countries are trying to reduce their dependence on exports and reap the benefits of converting low-cost raw materials to high-value end products themselves.”
According to the report, the growing population worldwide is leading to a higher demand for food. Disposable incomes in developing countries such as India and China are also on the rise, resulting in the growth of the per capita consumption of agricultural products. Dietary changes that include an increased consumption of animal protein and dairy products, too, are dictating the amount of fertilizer needed, as more animals means that more grain needs to be grown to feed those animals. Many governments are implementing new policies to meet food security concerns and thus increase food productivity. Thus, the increase in crop production will fuel nutrient demand.
Further, the report states that nitrogenous fertilizers are known to have an adverse impact on human health and the environment.
Agrium, CF Industries, PotashCorp, Yara International, Bunge, Coromandel International, CVR Partners, Eurochem, Hubei Yihua, ICL Fertilizers, Koch Industries, Rentech, Sinofert Holdings, The Mosaic Company