질소 비료 시장 예측(-2030년) : 제품, 형태, 용도, 지역별 세계 분석

According to Stratistics MRC, the Global Nitrogenous Fertilizer Market is accounted for $66.77 billion in 2023 and is expected to reach $113.69 billion by 2030 growing at a CAGR of 7.9% during the forecast period. The nitrogenous fertilizer market refers to the sector of the agricultural industry dedicated to the production, distribution, and sale of fertilizers containing nitrogen compounds. Nitrogen fertilizers play a crucial role in enhancing soil fertility and crop yield by supplying plants with the necessary nitrogen nutrients. These fertilizers provide plants with the necessary nitrogen required for protein synthesis, chlorophyll production, and overall growth and development. Agricultural practices heavily rely on nitrogenous fertilizers to maintain soil health, improve crop quality, and ensure food security.

According to a contract signed between Koch Ag & Energy Solutions (Koch) and OCP, the largest phosphate miner and top global fertiliser company will sell a 50% stake in Jorf Fertilizers Company III (JFC III) to a Koch subsidiary.

Market Dynamics:

Driver:

Shift towards precision agriculture

Precision agriculture enables farmers to optimize the application of fertilizers by precisely targeting areas that require specific nutrients, such as nitrogen, based on real-time data and analysis of soil conditions, crop health, and weather patterns. This approach not only enhances crop yields but also minimizes environmental impacts by reducing overuse of fertilizers, thus mitigating nitrogen runoff and its associated pollution. As farmers increasingly adopt precision agriculture techniques to maximize efficiency and sustainability, the demand for nitrogenous fertilizers tailored to specific crop and soil requirements is escalating.

Restraint:

Volatility in raw material prices

Nitrogenous fertilizers are primarily derived from ammonia, which is produced from natural gas or other nitrogen-containing compounds. Fluctuations in the prices of these raw materials can significantly affect the overall cost of fertilizer production. When raw material prices rise, manufacturers face increased production expenses, which often get passed on to consumers in the form of higher prices for nitrogenous fertilizers. However, this price sensitivity can lead to decreased demand from farmers, particularly those operating on tight budgets or in regions with limited access to financial resources.

Opportunity:

Increasing population and crop production demand

As the world population expands, so does the need for sustenance, necessitating higher agricultural output. Intensive farming practices require higher inputs of nitrogenous fertilizers to maintain soil productivity and meet crop yield expectations. The rising trend of urbanization further diminishes arable land, intensifying the pressure on existing agricultural areas to produce more. Consequently, the nitrogenous fertilizer market continues to witness significant expansion, driven by the imperative to sustainably increase crop yields to feed a growing global population.

Threat:

Competition from alternative fertilizers

Competition from alternative fertilizers, such as organic and slow-release formulations, presents a significant challenge to the nitrogenous fertilizer market. These alternatives are gaining traction due to concerns over environmental sustainability and soil health. Organic fertilizers, derived from natural sources, offer eco-friendly solutions while also enhancing soil structure and microbial activity. However, slow-release fertilizers provide nutrients to plants over an extended period, reducing the risk of leaching and runoff.

Covid-19 Impact:

Disruptions in global supply chains due to lockdown measures and restrictions on movement led to logistical challenges, affecting the transportation of raw materials and finished products. Reduced agricultural activity and uncertainty among farmers regarding future demand and market conditions resulted in decreased fertilizer purchases, leading to a decline in market demand. However, fluctuations in currency exchange rates and shifts in government policies aimed at mitigating the economic impact of the pandemic further influenced market dynamics.

The Methylene Urea segment is expected to be the largest during the forecast period

Methylene Urea segment is expected to be the largest during the forecast period by offering a highly efficient and environmentally friendly solution. Methylene Urea, a slow-release nitrogen fertilizer, gradually releases nitrogen into the soil, thereby providing sustained nutrition to crops over an extended period. This controlled release mechanism not only ensures optimal nutrient uptake by plants but also minimizes nitrogen leaching and volatilization, reducing the risk of environmental pollution and enhancing agricultural sustainability.

The Oilseeds & Pulses segment is expected to have the highest CAGR during the forecast period

Oilseeds & Pulses segment is expected to have the highest CAGR during the forecast period. Leguminous crops such as pulses have the unique ability to fix atmospheric nitrogen through their root nodules with the help of symbiotic bacteria. This process enriches the soil with nitrogen, making it more fertile for subsequent crops, including oilseeds. Oilseeds, on the other hand, require nitrogen-rich soil for optimal growth and yield. Therefore, farmers often rotate oilseed and pulse crops in their fields to harness this nitrogen-fixing capacity, reducing the need for synthetic nitrogenous fertilizers.

Region with largest share:

Asia Pacific region commanded the largest share of the market throughout the extrapolated period. Government policies and subsidies in the Asia Pacific region are playing a substantial role in enhancing the nitrogenous fertilizer market. These policies often include measures such as providing subsidies to farmers for purchasing nitrogenous fertilizers, implementing incentives for the production and distribution of fertilizers, and promoting sustainable agricultural practices. By offering financial support and incentives, governments aim to increase agricultural productivity, ensure food security, and support rural economies.

Region with highest CAGR:

Asia Pacific region estimated to witness profitable growth over the projection period. Digital farming technologies, including precision agriculture and data analytics, are revolutionizing agricultural practices in the Asia Pacific region. These advancements enable farmers to optimize nitrogen fertilizer application, ensuring precise dosages tailored to specific soil and crop needs in the region. This precision reduces waste, enhances nutrient uptake efficiency, and minimizes environmental impact. Moreover, extensive research and investment in the region are driving innovation in nitrogenous fertilizer production, leading to the development of more efficient and environmentally friendly formulations.

Key players in the market

Some of the key players in Nitrogenous Fertilizer market include Agrium Inc, Bunge Limited, CF Industries Holdings, Inc, Coromandel International Ltd, EuroChem Group AG, Haifa Chemicals Ltd, Indian Farmers Fertilizer Cooperative Limited, Israel Chemicals Ltd, Koch Industries, Inc, OCI Nitrogen BV, Sinofert Holdings Limited, The Mosaic Company and Yara International ASA.

Key Developments:

In June 2022, An agreement has been inked between top global ammonia player Yara International ASA and the Japan Bank for International Collaboration (JBIC), a Japanese policy-based financial institution, to further deepen cooperation in the field of clean ammonia.

In March 2022, EuroChem Group announced that it has completed the purchase of the share holding control of Brazilian distributor Fertilizantes Heringer SA, with 51.48% of the shares, further strengthening its production and distribution capacity in Brazil.

Products Covered:

• Calcium Ammonium Nitrate
• Methylene Urea
• Ammonium Sulfate
• Other Products

Forms Covered:

• Dry
• Liquid

Applications Covered:

• Fruits & Vegetables
• Oilseeds & Pulses
• Cereals & Grains
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Product Analysis
• 3.7 Application Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Nitrogenous Fertilizer Market, By Product

• 5.1 Introduction
• 5.2 Calcium Ammonium Nitrate
• 5.3 Methylene Urea
• 5.4 Ammonium Sulfate
• 5.5 Other Products

6 Global Nitrogenous Fertilizer Market, By Form

• 6.1 Introduction
• 6.2 Dry
• 6.3 Liquid

7 Global Nitrogenous Fertilizer Market, By Application

• 7.1 Introduction
• 7.2 Fruits & Vegetables
• 7.3 Oilseeds & Pulses
• 7.4 Cereals & Grains
• 7.5 Other Applications

8 Global Nitrogenous Fertilizer Market, By Geography

• 8.1 Introduction
• 8.2 North America
  • 8.2.1 US
  • 8.2.2 Canada
  • 8.2.3 Mexico
• 8.3 Europe
  • 8.3.1 Germany
  • 8.3.2 UK
  • 8.3.3 Italy
  • 8.3.4 France
  • 8.3.5 Spain
  • 8.3.6 Rest of Europe
• 8.4 Asia Pacific
  • 8.4.1 Japan
  • 8.4.2 China
  • 8.4.3 India
  • 8.4.4 Australia
  • 8.4.5 New Zealand
  • 8.4.6 South Korea
  • 8.4.7 Rest of Asia Pacific
• 8.5 South America
  • 8.5.1 Argentina
  • 8.5.2 Brazil
  • 8.5.3 Chile
  • 8.5.4 Rest of South America
• 8.6 Middle East & Africa
  • 8.6.1 Saudi Arabia
  • 8.6.2 UAE
  • 8.6.3 Qatar
  • 8.6.4 South Africa
  • 8.6.5 Rest of Middle East & Africa

9 Key Developments

• 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 9.2 Acquisitions & Mergers
• 9.3 New Product Launch
• 9.4 Expansions
• 9.5 Other Key Strategies

10 Company Profiling

• 10.1 Agrium Inc
• 10.2 Bunge Limited
• 10.3 CF Industries Holdings, Inc
• 10.4 Coromandel International Ltd
• 10.5 EuroChem Group AG
• 10.6 Haifa Chemicals Ltd
• 10.7 Indian Farmers Fertilizer Cooperative Limited
• 10.8 Israel Chemicals Ltd
• 10.9 Koch Industries, Inc
• 10.10 OCI Nitrogen BV
• 10.11 Sinofert Holdings Limited
• 10.12 The Mosaic Company
• 10.13 Yara International ASA