Nitrogen Fertilizer Market SWOT Analysis by Size and Growth Opportunities by 2023-2029
Updated · May 27, 2023
Published Via 11Press : Fertiliser is like nourishment for plants, however, nitrogen fertilizer is frequently the most generally used and least expensive type. Nitrogen fertilizers can have a range of concentrations between 26% and 32%, depending on the crops that are grown. Nitrogen fertilizer is one of the most often used fertilizer types for producing nitrogen so that plants can flourish and grow strongly. Common sources of plant-based nitrogen include ammonium nitrates, tetra amines, urea, sodium nitrate, and chloride. There are too “synthetic” causes that only contain one kind of nitrogen, like mono ammonium phosphate.
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Increased crop quality and production, CO2 absorption rate, and resilience to environmental challenges like salty soil and limited water availability are all benefits of nitrogen fertilization. Nitrogen must be transformed before it can be used by plants, for example by Rhizobium bacteria, because it is nonreactive and worthless to plants in their gaseous condition. As a result, the biggest input in managing crop yield is nitrogen fertilizer.
Nitrogen Fertilizer Market Report Highlights:
|Largest Market||Asia Pacific|
|Unit||Value (USD Million)|
|Key Companies Profiled||Coromandel International, Yara International ASA, CF Industries Holdings, (United States), Agrium, Bunge Limited, CVR Partners LP, Koch Industries, Sinofert Holdings Limited, EuroChem Group AG, Potash Corporation|
A thorough breakdown analysis by important business segments:
Breakdown by Application:
- Grains and Cereals
- Pulses and Oilseeds
- Fruits and Vegetables
- Calcium Ammonium Nitrate
- Ammonium Nitrate
- Ammonium Sulphate
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Unpaid to new approaches used by companies in the market for nitrogen fertilizer, it is expected that the competition would get even fiercer in the next years. The Nitrogen Fertiliser research report includes information on the competitive environment and the product/service offerings of top firms to assist customers in increasing their revenue shares in the sector.
The report offers Major leading players:
- Coromandel International
- Yara International ASA
- CF Industries Holdings
- Bunge Limited
- CVR Partners LP
- Koch Industries
- Sinofert Holdings Limited
- EuroChem Group
- Potash Corporation
- Improved fertilizer management has long been a priority of American conservation initiatives. Farmers may adopt a range of practices to limit nitrogen losses to the environment by using USDA’s financial and technical help, which includes nutrient management planning and manure management.
- However, a sizable portion of farmland is not cultivated utilizing appropriate nitrogen management practices, demonstrating the persistence of nitrogen-related issues. On the surface, it could appear that farmers would like to reduce fertilizer costs by minimizing ad hoc applications and increasing the overall effectiveness of nitrogen usage.
- However, there are obstacles in the way of farmers using improved nutrient management methods.
- First, many farmers lack the knowledge and training needed for effective management.
- It might take time and money to acquire the knowledge required to interpret soil and tissue testing and apply fertilizers more carefully.
- The private sector might provide more money to improve nitrogen control. The majority of customers are still concentrated in India, where the monsoon brought abundant rain, which was the main driver of a rise in fertilizer consumption worldwide, followed by improved use in the United States.
- The major companies are emphasizing nitrogen management approaches and more environmentally friendly nitrogen fertilizer use.
- The largest competitor to nitrogen fertilizer is a variety of alternatives, such as phosphate.
- Massive amounts of studies have been done to control nitrogen fertilizer consumption. Major chemical corporations target specialized nitrogen-providing businesses for acquisition in order to diversify their business portfolio.
- The best short-term solutions for raising nitrogen consumption efficiency at the farmer level include targeted fertilizer application, the use of slow-release nitrogen fertilizers, the use of precision nitrogen delivery tools, or fertigation via micro-irrigation.
- Solutions using contemporary technology are on the horizon for controlling nitrogen. To boost plant absorption and utilization, decrease losses, and raise crop yield per unit of fertilizer, enhanced efficiency fertilizers (EEFs) are still being developed.
- The EEFs are divided into different categories based on their inorganic-bio or organic coating, their mode of action on different nitrogen forms, such as nitrification inhibition and urease activity, and the technologies employed in their creation, such as customized nutrient composition and nanotechnology.
- It is particularly crucial to create multi-nutrient fertilizers that provide sufficient nutrition for both people and plants while minimizing the negative effects of nitrogen fertilizers on human and environmental health.
Market Growth Drivers:
- After learning about the advantages of nitrogen-based fertilizers, the increased need for food production has led to an increase in the demand for nitrogen fertilizers.
- Government grants to strengthen agricultural supply networks’ resilience have also fueled a rise in the use of nitrogen fertilizer.
- Some of the factors boosting demand for nitrogen fertilizer include rising crop prices, weakening domestic currencies in important agricultural exporting countries, government assistance to agricultural producers and the mineral fertilizer sector, favorable weather in significant consuming countries, and stable crop prices.
- Farmers have been inspired to enhance healthy production by utilizing nitrogen fertilizer as a result of the increased crop output in several places.
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- It is not economically feasible to use a lot of synthetic nitrogen fertilizer to improve crop production, since doing so burdens farmers and pollutes the environment.
- No crop can ingest more than 50% nitrogen throughout the growing season due to overfertilization.
- Additionally, because of branch overgrowth, softness, insect damage, illness, and a decline in grain quality, plants grown with high nitrogen inputs are more likely to lodge.
- The market for fertilizers based on nitrogen is the most volatile of all fertilizers because of its innate connection to the oil and natural gas markets.
- Thus, it is expected that urea and ammonia prices would change together with those of other commodities.
- Nitrogen losses are abnormally high and can amount to up to 70% of the total nitrogen supply due to excess nitrogen, low plant populations, inappropriate application procedures, etc.
- These losses can be decreased by using more efficient agronomic practices, such as drip fertigation, using sensors to administer nitrogen at the proper dose, managing plant population, and intercropping crops based on legumes.
- A few transgenic trials have shown better nitrogen uptake and higher biomass.
- Additional investigation into the metabolism of carbon and nitrogen as well as molecular changes at the omic level are required to improve the efficiency of nitrogen use.
- Efficiency in nitrogen utilization offers the best chance for today’s farmers to diminish greenhouse gas production, ammonium volatilization, and nitrate leaching without sacrificing farm productivity or environmental safety.
Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
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