Market Research Analysis Nitrogenous Fertilizer Market - Global Industry | Page 2

Based on crop type, the market could span Fruits & vegetables, Cereals & Grains, Oilseeds & pulses and other crops
(floriculture crops, grasslands, permanent crops, plantation crops, pastures, and other agricultural cultivation). The
“Fruits & Vegetables” segment led the market in 2015 and will continue to lead in the forecast period. The key factors
that may be attributed to the growth of market include increased production and high demand.
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The key applications that could be explored in the nitrogenous fertilizer market include Foliar, Soil, and Fertigation.
The “Fertigation” segment led the market in 2015 and will continue to lead in the forecast period. The key factor that
may be attributed to the growth of market includes high acceptance of the fertigation method.
The market could be explored based on form as Dry and Liquid. The “Dry” segment led the market in 2015 and will
continue to lead in the forecast period. The key factors that may attributed to the growth of market include cost-
effectiveness and easy application and handling.
Asia-Pacific accounted for the major share of the nitrogenous fertilizer market in 2016 and will continue to lead in the
forecast period. The factors that could be attributed to the growth include growing agricultural sector mainly in India,
increasing population, and government funding to use developed techniques and advanced fertilizers for high
productivity in order to meet the growing demand.
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Some of the key players that fuel the growth of the nitrogenous fertilizer market comprise Coromandel International
Ltd., Yara International ASA, Eurochem and Potash Corp of Saskatchewan, CF Industries Holdings Inc., Agrium Inc.,
Bunge Ltd., KOCH Industries Inc., CVR Partners, and Sino Fert Holdings Ltd. The leading companies are taking up
partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
Market Segment:
The latest market data for this research include:
• Overall nitrogenous fertilizer market size, 2011-2022
• Nitrogenous fertilizer market size by product segment, 2011-2022
• Growth rates of the overall nitrogenous fertilizer market and different product segments, 2011-2022