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The nitrogenous fertilizer market is estimated to grow by 32,994.82 thousand T at a CAGR of 4.67% between 2022 and 2027. Market growth hinges on various factors, such as heightened demand from developing nations, expansion within the fertilizer industry, and decreasing availability of arable land. These elements collectively shape the trajectory of market expansion, reflecting a convergence of economic, industrial, and environmental dynamics. The increase in demand from developing countries underscores their growing agricultural needs and evolving consumption patterns. Simultaneously, growth in the fertilizer industry emphasizes the importance of agricultural inputs in enhancing crop yields and productivity. Additionally, the reduction in arable land availability underscores the urgency for efficient agricultural practices and innovative solutions to maximize land utilization. Thus, the interplay of these factors delineates the landscape for the anticipated growth of the market in addressing global agricultural challenges.
It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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This report extensively covers market segmentation by type (liquid, dry, and others), product (urea, NPK, CAN and AN, DAP and MAP, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America).
The market share growth by the liquid segment will be significant during the forecast period. The market is constrained by high installation and storage costs, and the need for special handling and storage facilities for liquid fertilizers will restrain market expansion. However, the widespread use of bio-based liquid fertilizer will create sizeable opportunities for the market in focus. Owing to these factors, the liquid segment is expected to witness augmented demand which will drive the growth of the market during the forecast period.
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The liquid segment was valued at 48,376.21 thousand T in 2017. The liquid segment is expected to register the fastest growth during the forecast period. Additionally, it was the majority share-holder type segment in 2022. The main factor driving the growth of the liquid nitrogenous fertilizer segment is the rising demand for high-efficiency fertilizers as well as the rising environmental concerns. The market for liquid nitrogen fertilizers is anticipated to grow as a result of rising demand for fertilizers with higher quality and greater productivity, as well as the simplicity of use and application of liquid fertilizers and the expanding adoption of precision farming and protected agriculture. Such factors will increase segment growth during the forecast period.
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APAC is estimated to contribute 57% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The market in APAC is expected to register the highest CAGR during the forecast period. Factors such as an increase in per capita income and a reduction in arable land have contributed to the growth of the regional market for nitrogenous fertilizers. Farmers in APAC are forced to switch to nitrogenous fertilizers from conventional fertilizers due to their better efficiency and performance. The agriculture sector in China and India is under tremendous pressure due to the significant increase in population in these countries. The increased consumption of food products has prompted farmers in this region to use nitrogenous fertilizers to meet the growing demand. The above-mentioned factors will contribute to the growth of the regional market during the forecast period.
The market plays a pivotal role in enhancing crop output and fruit quality by optimizing photosynthesis and protoplasm development. Varieties like ammonium nitrate, ammonium sulfate, and calcium ammonium nitrate cater to diverse agricultural needs, alongside organic sources like animal manure. Precise drip and sprinkler irrigation methods facilitate efficient crop uptake of essential nitrogen, vital for shoot development and flower bud formation. Farmland productivity relies on maintaining optimal soil nutrients, often supplemented by commercial fertilizers or the green manure approach. Investments by industry leaders like Corteva Agriscience drive innovations in UAN treatments, ensuring sustained yielding potential and fostering agricultural sustainability. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Market Driver
The increase in demand from developing countries is one of the key drivers supporting market growth. APAC is one of the major consumers of fertilizers in the world. The increasing population and rising per capita income contribute to the demand for food and agricultural products. For instance, the population of India and China reached nearly 1.41 billion and 1.41 billion, respectively, in 2021. The shift from grain-based to high protein-based diets, particularly in China and India, has increased the use of nitrogenous fertilizers to cultivate crops with high protein content.
Moreover, in India, more than half of the population depends on agriculture as the primary source of livelihood. The country was the major producer of wheat, sugarcane, rice, and fruits and vegetables in 2021. Government subsidies and incentives on fertilizers to support the agriculture sector will increase the demand for nitrogenous fertilizers. Government support and initiatives for agriculture production in APAC will increase the consumption of nitrogenous fertilizers. Hence, such factors will drive the growth of the market during the forecast period.
The adoption of precision farming is another factor supporting the market growth. Precision farming is increasing in popularity as it is low cost, improves farming practices, and can be used on limited arable land. Their techniques improve yields and are cost-effective when compared to conventional farming practices. Furthermore, it provides farmers with information and insights regarding soil fertility, moisture content, and nutrient availability.
Moreover, precision technologies, including variable-rate input (VRT), soil and yield mapping, and tractor guidance systems using a global positioning system (GPS), help farmers adjust production practices based on information regarding changing field conditions. Such advantages will drive the growth of the market during the forecast period.
Health concerns regarding the use of nitrogenous fertilizers are one of the factors hindering market growth. Nitrogenous fertilizers contain different types of chemicals that are mixed to increase the yield and productivity of crops. Chemicals present in these fertilizers are absorbed by food crops. They enter the food chain and lead to severe health issues. Chemicals in fertilizers take a long time to degrade and become biodegradable in nature.
The consumption of contaminated water containing cadmium, aluminum, copper, and lead can lead to hypertension, skin diseases, and kidney failure. Also, the application of chemical fertilizers to plants can increase the risks of cancer, including leukemia, large intestine cancer, and prostate cancer. Environmental and health concerns associated with the use of nitrogenous fertilizers will impede the growth of the market during the forecast period.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
LSB Industries - The company offers nitrogenous fertilizer and other related solutions such as Nitrogen Fertilizer Revamps. Also, they manufacture and market chemical products for the agricultural, industrial, and mining markets.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2023 to 2027, as well as historical data from 2017 to 2022 for the following segments.
The market responds to global food demand by addressing nutritional balance and enhancing crop yielding potential. With a focus on sustainability, it explores alternatives to synthetic chemicals, such as biofertilizers and yeast-coated fertilizers, ensuring food safety and reducing greenhouse gas emissions. Investments in precision farming tools and digital marketing optimize nitrogenous fertilizer sales, targeting the root zone with drip irrigation and monitoring soil profiles using soil sensors and drones. Industries like cereals & grains, oilseeds & pulses, and fruits & vegetables benefit from tailored solutions, including methylene urea and ammonium sulphate, catering to diverse agricultural needs in a rapidly evolving worldwide nitrogenous fertilizers industry.
Furthermore, the nitrogenous fertilizer market is integral to enhancing crop yielding potential and ensuring robust flower bud formation in the Thailand fertilizers market. Its dynamics are shaped by nitrogenous fertilizer sales catering to the global need for increased agricultural productivity. With a growing emphasis on sustainability and health, the demand for organic food drives innovation in specialty fertilizers and micronutrient fertilizers within the Thailand fertilizers market. Investments in the nitrogen fertilizer industry fuel advancements in precision farming tools and facilitate vertical farming practices, while also ensuring the preservation of groundwater and stream integrity.
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Market Scope |
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Report Coverage |
Details |
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Page number |
172 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.67% |
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Market growth 2023-2027 |
32,994.82 thousand t |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
3.92 |
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Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 57% |
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Key countries |
US, China, India, Germany, and Brazil |
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Competitive landscape |
Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
AB Achema, Acron Group, Agropolychim AD, CF Industries Holdings Inc., KBR Inc., LSB Industries, OCI NV, Petrokemija D.D., PhosAgro Group of Companies, PJSC Togliattiazot, Qatar Fertiliser Co., Saudi Arabian Mining Co., Saudi Basic Industries Corp., Sinochem Group Co. Ltd., The Mosaic Co., Uralchem JSC, EuroChem Group AG, Koch Industries Inc., Nutrien Ltd., and Yara International ASA |
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Market dynamics |
Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for market forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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