Nitrogen Fertilizer Market Size, Share, Opportunities, And Trends By Type (Anhydrous ammonia, Urea, Ammonium sulfate, Ammonium nitrate), By Form (Dry, Liquid), And By Geography - Forecasts From 2023 To 2028

The nitrogen fertilizer market was valued at US$60.284 billion in 2021 and is expected to grow at a CAGR of 3.64% to reach US$77.409 billion by 2028.

Nitrogen Fertilizer Market Overview:

Nitrogen is one of the most crucial components for plant growth. Although it is naturally present in the atmosphere, relatively few plants can absorb it. It is, therefore, given to the plants synthetically in the form of nitrogenous fertilizers. In 2020, between 720 and 811 million people experienced hunger (Source: un.org). Global population growth has led to a need to increase crop yields annually to feed the growing population, which has strengthened the global agriculture industry. The agricultural sector has seen an increase in demand for nitrogenous fertilizers due to the need to feed different food crops properly to increase yield.

Nitrogen Fertilizer Market Drivers:

• Growing demand for fertilizers.

Farmers worldwide utilize a specific quantity of synthetic or chemical fertilizers to increase production. Over 60% of the synthetic nitrogen fertilizer sprayed on crops washes away and contaminates our waterways or the atmosphere. However, in recent years, a rising desire for organic foods that are produced primarily with natural ingredients or biofertilizers or without any synthetic or chemical components has been noticed. Developing nations worldwide are finally realizing the benefits of employing organic nitrogen fertilizers in agricultural productivity. For instance, leading nitrogen innovator Pivot Bio joined the Agriculture Innovation Mission for Climate (AIM for Climate) as an Innovation Sprint Partner, pledging at least $291 million in funding for product development over four years to hasten the adoption of climate-resilient microbial nitrogen fertilizers. The nitrogen fertilizer business will expand sustainably if microbial nitrogen fertilizer can permanently and instantly reduce GHG emissions while providing benefits to watershed health, biodiversity, and farmer margins.

• The rising crop production 

The demand for nourishing, secure, and inexpensive food to feed the expanding population is predicted to grow, driving the global market for nitrogenous fertilizer. According to the Food and Agriculture Organization of the United States (fao.org), the global production of primary crops climbed by 52 percent between 2000 and 2020, reaching 9.3 billion tons in 2020. It is believed that using the best nitrogen fertilizers would unlock the crop's great yielding potential. Increased commercial farming and low-cost fertilizer production are anticipated to increase nitrogen fertilizer demand. The market is also anticipated to increase due to decreasing cropland and rising precision farming, including drip and sprinkler irrigation.

• Urea will witness significant growth

Among other nitrogenous fertilizers, urea is one of the least expensive and easily soluble in water. The increased concentration of nitrogen and cheaper urea prices are responsible for the rise of the nitrogenous fertilizer business. Due to its extremely high nitrogen concentration (46%), urea is regarded as the most important nitrogenous fertilizer. The biggest urea producers and users worldwide are China and India. In 2020, China produced 56 MT urea, the highest in the world (Source: iea.org). Rice, wheat, sugarcane, and other crops grown in China and India all benefit from using urea. The demand for urea fertilizer is expected to remain high in the worldwide plant nutrition market due to its distinctive qualities.

Nitrogen Fertilizer Market Geographical Outlook

• Asia Pacific is projected to be the prominent market shareholder

Asia Pacific is anticipated to be the largest market shareholder in the nitrogenous fertilizers industry. The expansion is ascribed to more land that may be used for farming, a more hospitable climate, and a greater rural population. China purchases almost one-third of the total global product consumption and is the world's largest consumer of goods. By enabling a greater rise in non-grain and grain yields, these fertilizers are critical in preserving China's ability to feed its people. The main food crops grown in the nation are barley, rice, soybeans, potatoes, tea, wheat, millet, tomatoes, cotton, and peanuts.

• North America is anticipated to be the second-largest market. 

The nitrogen fertilizers market is anticipated to be the second largest in North America, which is led by the US. The rising need for ammonium nitrate in Europe drives the nitrogenous fertilizers market size. However, due to market saturation, Europe and North America regions are projected to have a balanced growth regime over the projection period. In contrast, because of the enormous demand for rice, maize, and sugarcane in Latin America, the Middle East, and Africa, it is predicted that these regions will experience rapid expansion for the nitrogenous fertilizer industry in the coming years.

Nitrogen Fertilizer Market Developments:

• October 2022: A $20 million Series A round of funding has been secured by US firm Nitricity for its environmentally friendly nitrogen generation method. If Nitricity's technique were widely used, it may lessen the negative environmental effects of the manufacture of nitrogen fertilizers while also cutting costs for farmers, who still have to deal with a fluctuating market.
• August 2022: Georgia Tech and the National Science Foundation have launched a $26 million partnership to transform fertilizer production. CASFER is working to create new technologies and initiatives for capturing, reusing, and generating decarbonized nitrogen-based fertilizers to move the U.S. away from nitrogen cycle pollution and toward a nitrogen circular economy (NBFs). Universities will start workforce development initiatives, such as education and training, in the future to get a new generation of farmers and scientists ready for work in the nitrogen cycle economy.
• April 2022: Green Granulation, a business involved in the design and building of urea and ammonium nitrate/calcium ammonium nitrate (CAN) granulation systems, has been successfully acquired by Casale, according to the announcement. Through this combination, Casale can adopt a one-stop-shop strategy on a bigger scale and provide its clients with the whole N-based fertilizer manufacturing cycle, from the raw ingredients to the finished goods.

Nitrogen Fertilizer Market Scope:

 

Report Metric	Details
Market Size Value in 2021	US$60.284 billion
Market Size Value in 2028	US$77.409 billion
Growth Rate	CAGR of 3.64% from 2021 to 2028
Base Year	2021
Forecast Period	2023 – 2028
Forecast Unit (Value)	USD Billion
Segments Covered	Type, Form, and Geography
Regions Covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies Covered	CF Industries, Haifa Group, Indian Farmers Fertiliser Co-operative Limited (IFFCO), OCI N.V., Acron Group, BASF SE, EuroChem group, Koch Fertilizer LLC, Yara International ASA
Customization Scope	Free report customization with purchase

 

Market Segmentation:

• By Type
  • Anhydrous ammonia
  • Urea
  • Ammonium sulfate
  • Ammonium nitrate
• By Form
  • Dry
  • Liquid
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Others
  • Middle East and Africa (MEA)
    • Saudi Arabia
    • UAE
    • Isreal
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Indonesia
    • Thailand
    • Taiwan
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Market Segmentation

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porters Five Forces Analysis

4.3.1. Bargaining Power of End-Users

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. NITROGEN FERTILIZER MARKET BY TYPE

5.1. Introduction

5.2. Anhydrous ammonia

5.3. Urea 

5.4. Ammonium sulfate

5.5. Ammonium nitrate 

6. NITROGEN FERTILIZER MARKET BY FORM

6.1 Introduction

6.2 Dry

6.3 Liquid

7. NITROGEN FERTILIZER MARKET BY GEOGRAPHY

7.1. Introduction

7.2. North America

7.2.1. United States

7.2.2. Canada

7.2.3. Mexico

7.3. South America

7.3.1. Brazil

7.3.2. Argentina

7.3.3. Others

7.4. Europe

7.4.1. UK

7.4.2. Germany

7.4.3. France

7.4.4. Italy

7.4.5. Spain

7.4.6. Others

7.5. Middle East and Africa (MEA)

7.5.1. Saudi Arabia

7.5.2. UAE

7.5.3. Israel

7.5.4. Others

7.6. Asia Pacific

7.6.1. China

7.6.2. Japan

7.6.3. South Korea

7.6.4. India

7.6.5. Indonesia

7.6.6. Thailand

7.6.7. Taiwan 

7.6.8. Others

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Market Share Analysis

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Vendor Competitiveness Matrix

9. COMPANY PROFILES

9.1. CF Industries

9.2. Haifa Group

9.3. Indian Farmers Fertiliser Co-operative Limited (IFFCO)

9.4. OCI N.V.

9.5. Acron Group

9.6. BASF SE

9.7. EuroChem group

9.8. Koch Fertilizer LLC

9.9. Yara International ASA

CF Industries

Haifa Group

Indian Farmers Fertiliser Co-operative Limited (IFFCO)

OCI N.V.

Acron Group

BASF SE

EuroChem group

Koch Fertilizer LLC

Yara International ASA