Nitrogenous Fertilizers Market Worth $85.4 Billion by 2025 | CAGR 4.5%: Grand View Research, Inc.
Read 115 page research report with ToC on "Nitrogenous Fertilizer Market Size, Share & Trends Analysis Report By Product (Urea, Ammonium Nitrate), By Application (Cereals & Grains, Oilseeds & Pulses), By Region, And Segment Forecasts, 2019 - 2025" at: https://www.grandviewresearch.com/industry-analysis/nitrogenous-fertilizer-market
Urea, ammonia, and ammonium sulfate are the key nitrogenous fertilizers and anticipated to witness significant growth over the forecast period. Ammonium sulfate is a slow nitrogenous fertilizer with approximately 20.6% nitrogen and it is also a rich source of sulfur. It is often sprayed post herbicide application, which prevents weed growth. It is often applied to flooded soil and preferred by rice farmers.
Ammonium sulfate is anticipated to witness significant growth in terms of revenue over the forecast period with a CAGR of 4.2%. Its multiple nutrient content, which makes it suitable for a wide range of crops, is anticipated boost its demand over the coming years. Urea is projected to witness considerable growth rate as it is one of the most inexpensive and widely used types of nitrogenous fertilizers.
North America market is majorly driven by steady growth in the demand for nitrogenous fertilizers from the U.S. and Canada. The decrease in operating capacity of ammonia and urea coupled with easy supply of natural gas is expected to impact the production of fertilizers. Most of the economies in Europe and North America are practicing new and innovative farming technologies resulting in improved crop yields. The R&D efforts aimed at developing new nitrogenous fertilizers are expected to augment the demand further.
Grand View Research has segmented the global nitrogenous fertilizers market on the basis of product, application, and region.
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Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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