市場調查報告書
商品編碼
1603287
氮肥市場規模、佔有率、成長分析、按類型、按作物類型、按應用、按形式、按地區 - 行業預測,產業預測,2024-2031年Nitrogenous Fertilizer Market Size, Share, Growth Analysis, By Type, By Crop Type, By Application, By Form, By Region - Industry Forecast 2024-2031 |
2022年全球氮肥市場規模為578億美元,預計從2023年的609.8億美元成長到2031年的920億美元,在預測期內(2024-2031年)年複合成長率為5.3。
全球農業部門擴大採用氮肥,氮肥因其促進植物生長的有效性而受到認可。這些肥料促進葉子和果實的發育,有多種形式,包括液體、固體、顆粒和顆粒。對氮肥的需求不斷成長,是因為需要提高各種作物的營養價值,並最終提高各種用途的產量,包括蔬菜、水果、棉花和穀物。但農業對氣候變遷敏感,作物供需受季節影響較大。氮肥對於促進作物生長非常重要,但使用充滿了環境和健康問題。這些風險對氮肥市場構成重大挑戰,並可能限制其在預測期內的成長。隨著產業應對這些複雜性,公司將尋求平衡生產力和永續性的創新解決方案,以保持競爭力並回應市場不斷變化的需求。
Global Nitrogenous Fertilizer Market size was valued at USD 57.8 billion in 2022 and is poised to grow from USD 60.98 billion in 2023 to USD 92 billion by 2031, growing at a CAGR of 5.3% in the forecast period (2024-2031).
The global agricultural sector is increasingly embracing nitrogenous fertilizers, recognized for their effectiveness in accelerating plant growth. These fertilizers facilitate robust foliage and fruit development and are available in various formulations, including liquid, solid, pelleted, and granular types. The rising demand for nitrogenous fertilizers is driven by the need to enhance the nutritional value of diverse food crops, ultimately leading to higher yields across various applications such as vegetables, fruits, cotton, and cereals. However, the agricultural landscape is sensitive to climatic variations, which can significantly impact crop supply and demand throughout different seasons. Although nitrogenous fertilizers are indispensable for driving crop growth, there are notable environmental and health concerns associated with their use. These risks pose considerable challenges to the nitrogenous fertilizers market, potentially restraining growth during the forecast period. As the industry navigates these complexities, companies are likely to seek innovative solutions that balance productivity with sustainability to maintain their competitive edge and address the evolving needs of the market.
Top-down and bottom-up approaches were used to estimate and validate the size of the Nitrogenous Fertilizer market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Nitrogenous Fertilizer Market Segmental Analysis
Global Nitrogenous Fertilizer Market is segmented by Type, by Crop type, by application, by Form and by Region. Based on Type, the market is segmented into Urea, Ammonium Nitrate, Ammonium Sulfate, Calcium ammonium nitrate (CAN), Others (NPK blends, potassium nitrate, diammonium phosphate (DAP), monoammonium phosphate (MAP), and other nitrogen & phosphate compounds). Based on Crop Type, the market is segmented into Cereals & grains, Oilseeds & pulses, Fruits & vegetables, Others (floriculture crops, permanent crops, plantation crops, pastures, grasslands, and other agricultural cultivation). Based on application, the market is segmented into Soil, Foliar, Fertigation, Others (aerial application, basal application, and starter solution). Based on Form, the market is segmented into Liquid, Dry, Others (granular and pelleted). Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Driver of the Nitrogenous Fertilizer Market
The nitrogenous fertilizer market is experiencing significant growth due to the rising adoption of these fertilizers across a wide range of agricultural products, including cereals, cotton, fruits, and vegetables. The seasonal demand for nitrogenous crops further fuels this growth, as varying weather conditions impact crop yields, subsequently affecting the supply and demand dynamics of nitrogenous fertilizers. Farmers are increasingly relying on these fertilizers to enhance productivity and ensure optimal growth for their crops. However, this seasonality and dependence on external factors can contribute to fluctuations in the market, highlighting both opportunities and challenges for stakeholders within the nitrogenous fertilizer industry.
Restraints in the Nitrogenous Fertilizer Market
The nitrogenous fertilizer market faces significant constraints due to environmental concerns associated with the leaching of commonly used nitrogen fertilizers into groundwater and waterways, especially during heavy rainfall events. This contamination poses serious ecological and economic threats. To mitigate these issues, the Western Australian Government has implemented guidelines recommending that nitrogenous fertilizers be applied away from streams and drains, utilized only when pasture is actively growing to ensure absorption, and avoided during the winter months. These measures aim to reduce the detrimental effects of nitrogen fertilizer overuse and promote more sustainable agricultural practices, ultimately impacting market dynamics.
Market Trends of the Nitrogenous Fertilizer Market
The nitrogenous fertilizer market is experiencing a notable trend towards the adoption of urea-ammonium nitrate, particularly among liquid fertilizer manufacturers. This shift is driven by its enhanced compatibility with pesticides, herbicides, growth regulators, and other nutrients, allowing farmers to streamline operations and reduce costs. By utilizing liquid fertilizers, farmers can efficiently apply multiple crop production and protection products simultaneously, minimizing the need for separate applications. Furthermore, urea-ammonium nitrate solutions offer improved application precision, ensuring a smoother and more uniform distribution compared to traditional non-liquid nitrogenous fertilizers. This trend reflects a growing preference for innovative, cost-effective solutions in modern agricultural practices.