Nitrogenous Fertilizers Market
Added: (Thu Nov 18 2021)
Pressbox (Press Release) -
Nitrogenous fertilizers market was worth 115.19 billion in 2021 and is estimated to be growing at a CAGR of 3.40%, to reach 136.15 billion by 2026.
Nitrogen Fertilizer refers to the one of the common categories of fertilizers produced out of nitrogen chemical combinations. Nitrogenous Fertilizers is most commonly includes the production of the synthetic ammonia, nitric acid, ammonium nitrate, and urea. Synthetic ammonia and nitric acid are most commonly used primarily as the intermediates in the production of ammonium nitrate and urea fertilizers; these are the main factors that have considerably increased the demand for the Nitrogenous Fertilizers, thereby driving the growth of the Nitrogenous Fertilizers in the upcoming years.
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Market Drivers and Restrains:
The main factors that have considerably increased the demand for the Nitrogenous Fertilizers is mainly due to the owing to the rising food demand, and the government funding for the usage of advanced techniques and fertilizer for high productivity to meet the rising demand ,the increasing population, Growing health awareness globally has driven the demand for pulses owing to their dietary protein content has raised the growth of the Nitrogenous Fertilizers Market ; these are the main factors that have considerably increased the demand for the Nitrogenous Fertilizers in the market , thereby driving the growth of the Nitrogenous Fertilizers in the upcoming years.
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Report is segmented as:
Nitrogenous Fertilizers Market is segmented on the basis of by ingredient; Nitrogenous Fertilizers Market is segmented on the basis of by application:
* Nitrogenous Fertilizers Market is segmented on the basis of by ingredient into Urea, Ammonium Nitrate, Ammonium Chloride, Sodium Nitrate, Ammonium Sulphate, Calcium Nitrate, Calcium Ammonium Nitrate (CAN), and Other Nitrogenous Fertilizers
* Nitrogenous Fertilizers Market is segmented on the basis of by application into Crop Based-Oil Seeds, Fruits & Vegetables, Grains & Cereals, Non-Crop Based-Turf & Ornamental Grass and Others
Geographical Segmentation:
Nitrogenous Fertilizers Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa and rest of world. Asia Pacific has the dominant share in the Nitrogenous Fertilizers is due to the increase the usage of nitrogen fertilizers for the production of oilseeds & pulses in the Asia pacific region, followed by Europe, North America, Latin America and Middle East & Africa will register a slower increase in the Nitrogenous Fertilizers Market
Impact of COVID-19 on Market
Covid-19 has hugely affected the Nitrogenous Fertilizers market growth. The COVID-19 pandemic continues to radically trade that amplify of variety of industries; however, the immediate have an effect on of the outbreak is varied. While some industries will register a visit demand, several others will proceed to remain unscathed and showcase promising increase opportunities. COVID-19 will have an occasional have an effect on the Nitrogenous Fertilizers market. In recent days relaxation in restrictions by the government and people are getting vaccinated to stop the spread of corona virus are expecting to raise the Nitrogenous Fertilizers market growth
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