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Nitrogenous Fertilizers Market Trends, Growth, Share, Size and 2025 Forecast Research Report 2027

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Nitrogenous Fertilizers Market Trends, Growth, Share, Size

and 2025 Forecast Research Report 2027


The global nitrogenous fertilizers market

 size is projected to

reach USD 140.51 billion by the end of 2026. The massive investments in the

R&D products with active ingredients will aid the growth of the market.

According to a report published by Fortune Business Insights, titled "Nitrogenous

Fertilizers Market Size, Share & Industry Analysis, By Type (Urea, Calcium

Ammonium Nitrate, UAN, Ammonium Sulphate, and Other Nitrogenous Fertilizers),

By Crop Type (Cereals, Pulses & Oilseeds, Fruits & Vegetables, and Turf

& Ornamentals), and Regional Forecast, 2019 – 2026,”


market was worth USD 113.70 billion in 2018 and will exhibit a CAGR of 2.73%

during the forecast period, 2019-2026.

Nitrogenous fertilizers are products

that are produced through combination of substances that are inclusive of

nitrogen. The constantly rising global population has created a subsequent

demand for crop produce across the world. Recent advances in agricultural

activities will emerge in favor of the companies operating in the market. The

increasing number of agricultural subsidies will bode well for nitrogenous

fertilizer vendors across the globe. The ability of nitrogenous fertilizers to

improve the nutrient content of agricultural crop produce will lead to a wider

adoption of the product across the world.

Increasing Number of Company Collaborations Will Aid Market Growth

The report encompasses several

factors that have contributed to the growth of the market in recent years. The

increasing number of company mergers and acquisitions has had a massive impact

on the growth of the market. Accounting to the massive demand for crop and crop

produce across the world, large scale companies are looking to acquire smaller

companies with a bid to establishing a stronghold in the market. In November

2019, Nutrien Ltd. announced that it has completed the acquisition of Ruralco

Holdings Ltd. Through this acquisition, the company plans to build on its

existing range of nitrogenous fertilizer products. Due to the massive global

customer reach of the company, this acquisition will not just help the company

growth, but will also have a massive impact on the growth of the market in the

coming years.

Asia Pacific Holds the Highest

market Share; Growing Demand for Crop Produce Will Aid Growth

The report analyses the ongoing

nitrogenous fertilizers market trends across North America, Latin America, Asia

Pacific, and the Middle East and Africa. Among these regions, the market in

Asia Pacific holds the highest market share, driven by the huge demand for crop

produce in several countries across this region. Besides Asia Pacific, the

market in North America will witness considerable growth in the coming years.

As of 2018, the market in North America was worth USD 21.18 billion and this

value is projected to increase further in the coming years.

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