The global nitrogen fertilizer market size was estimated at $ 62 billion in 2019 and is expected to grow at an average annual rate of 4.5% over the forecast period. The growing popularity of commercial agriculture around the world is expected to grow the nitrogen fertilizer market over the forecast period. The agricultural industry is increasing yields as the demand for nitrogen fertilizers increases to provide adequate nutrition for food crops.
Agricultural products such as fruits, vegetables, cereals, and cotton are the main applications of nitrogen fertilizers. The level of production of crops is greatly affected by climate change, the demand and supply of crops change with the seasons. Wheat supply increased to 470 million tonnes worldwide from 2018 to 2019. During the same period, rice supplies increased to 662 million tonnes, mainly due to India's high production.
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Major Players Operating in Nitrogenous Fertilizer Market: CF Industries Holdings, Agrium, Yara International, Sinofert, Hubei Yihua, Luxi Chemical, Stanley Group, Mosaic, Canpotex
By Regions, this report covers (we can add the regions/countries as you want)
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- North America
- Southeast Asia
The report is presented in a clear and concise manner so that readers can understand the market structure and dynamics effectively. Recent trends and developments in the global Nitrogenous Fertilizer market have been analyzed. Opportunities leading to the growth of the market have been analyzed and stated. The report focuses on the global Nitrogenous Fertilizer market and answers some of the most critical questions stakeholders are currently facing across the globe. Information about the size of the market (by the end of the forecast year), companies that are most likely to scale up their competitive abilities, leading segments, and challenges impeding the growth of the market are given.
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About Research N Report:
- Global Nitrogenous Fertilizer Market Overview
- Economic Impact on Industry
- Market Competition by Manufacturers
- Production, Revenue (Value) by Region
- Production, Revenue (Value), Price Trend by Type
- Global Nitrogenous Fertilizer Market Analysis by Application
- Cost Analysis
- Industrial Chain, Sourcing Strategy and Downstream Buyers
- Marketing Strategy Analysis, Distributors/Traders
- Market Effect Factors Analysis
- Global Nitrogenous Fertilizer Market Forecast
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