Nitrogenous fertilizer market valued at $63.55 billion in 2023, expected to reach $105.36 billion by 2032

From GlobeNewswire: 2025-04-10 10:00:00

nitrogenous fertilizer market is expected to reach $15.72 billion by 2032, driven by agricultural demands and sustainability efforts. Urea dominated the market in 2023, with a 38% share, due to its high nitrogen content and cost-effectiveness. The cereals & grains segment led the market in 2023, reflecting the growing demand for staple crops. Asia Pacific dominated the market in 2023, holding a 52% share, with China and India as major consumers. North America is the fastest-growing region, benefiting from technological advancements and government incentives. Increased investments in ammonia and nitrate production aim to reduce fertilizer imports and achieve self-sufficiency. Companies like Nutrien and Mosaic are expanding capacities, while climate-smart farming initiatives drive market growth. In March 2024, Argus Media launched assessments for low and zero-carbon CAN fertilizers, aligning with the EU’s Carbon Border Adjustment Mechanism in 2026.

The Nitrogenous Fertilizer Market Report for 2024-2032 covers key points like market dynamics, segmentation by product and application, regional analysis, company profiles, and more. For more information or customization, contact SNS Insider at [email protected]. SNS Insider is a top market research and consulting agency providing clients with current, accurate market data and insights to make confident decisions in changing circumstances.



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