The latest report by IMARC Group, titled “Nitrogenous Fertilizers Market Report by Type (Urea, Ammonium Nitrate, Ammonium Sulfate, Calcium Ammonium Nitrate (CAN), and Others), Crop Type (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, and Others), Form (Liquid, Dry, and Others), Mode of Application (Soil, Foliar, Fertigation, and Others), and Region 2025-2033,” finds that the global nitrogenous fertilizers market reached a value of USD 74.7 Billion in 2024. Nitrogenous fertilizers are inorganic nitrous compounds that are applied directly to the soil, plants, and aqueous solutions to maintain soil fertility. These fertilizers consist of ammonium nitrate, ammonium sulfate, calcium ammonium nitrate, and urea, which are mixed with animal manure. Nitrogen is an important nutrient required for the healthy development of foliage and fruits as it is involved in the process of photosynthesis. It also improves the growth, yield, color, and quality of crops.
Global Nitrogenous Fertilizers Market Trends:
The market is primarily driven by the increasing demand for food due to rapid population growth and the rising need to increase productivity and fertilizer intensity gaps. In addition to this, the growing awareness about nutritional balance and soil profile is also fueling the market growth. Moreover, the continuous decrease in arable land has increased the demand for nitrogenous fertilizer to improve soil fertility and enhance the yield of crops. Along with this, various advancements in technology, such as the development of efficient and eco-friendly variants of the fertilizer, are also significantly impacting the market growth. Furthermore, favorable government schemes and subsidized policies across emerging economies are promoting the use of cost-effective nitrogenous fertilizers in agricultural activities. Looking forward, the market is expected to reach a value of USD 103.4 Billion by 2033, exhibiting a CAGR of 3.65% during the forecast period (2025-2033).
Market Summary:
Report Features | Details |
---|---|
Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Segment Coverage | Type, Crop Type, Form, Mode of Application, Region |
Region Covered | Asia Pacific, North America, Europe, Middle East and Africa, Latin America |
Companies Covered | Yara International ASA, Bunge Limited, CF Industries Holdings, Inc., PJSC TogliattiAzot, Nutrien Limited, EuroChem Group, OCI N.V., URALCHEM JSC, ICL Specialty Fertilizers, SABIC, Indian Farmers Fertiliser Cooperative Limited, Coromandel International Limited, Koch Industries, Hellagrolip SA, Sinofert Holdings Limited, and CVR Partners, LP |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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