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Nitrogenous Fertilizer Market Size

The nitrogenous fertilizer market is projected to experience significant growth, driven by the increasing demand for agricultural productivity and crop yield enhancement. The market's expansion is particularly notable in the Asia-Pacific region, where countries like China and India lead in consumption due to their large arable lands and rising food demands. North America and Europe also contribute to the market size, with North America relying heavily on nitrogen inputs for extensive field crops and Europe facing challenges that boost fertilizer demand. Despite challenges such as reduced cultivated areas, the market is expected to grow, reflecting the critical role of nitrogenous fertilizers in modern agriculture.

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Market Size of nitrogenous fertilizer Industry

Nitrogenous Fertilizer Market Summary
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svg icon Study Period 2017 - 2030
svg icon Market Size (2024) USD 165.7 Billion
svg icon Market Size (2030) USD 232.3 Billion
svg icon Largest Share by Product Urea
svg icon CAGR (2024 - 2030) 5.80 %
svg icon Largest Share by Region Asia-Pacific
svg icon Market Concentration Low

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Nitrogenous Fertilizer Market Analysis

The Nitrogenous Fertilizer Market size is estimated at 165.7 billion USD in 2024, and is expected to reach 232.3 billion USD by 2030, growing at a CAGR of 5.80% during the forecast period (2024-2030).

165.7 Billion

Market Size in 2024 (USD)

232.3 Billion

Market Size in 2030 (USD)

6.86 %

CAGR (2017-2023)

5.80 %

CAGR (2024-2030)

Fastest Growing Type

6.88 %

Projected CAGR, Urea, 2024-2030

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Urea is the most predominantly used fertilizer globally which is attributed to its high nitrogen content of 46.0%, the highest among all the nitrogenous fertilizers.

Largest Segment by Crop Type

82.81 %

value share, Field Crops, 2023

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The demand for fertilizers is higher in field crop segment due to their widespread use in large-scale agriculture to improve the yield and quality of the crops.

Largest Segment by Application Mode

93 %

value share, Soil, 2023

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Soil application is widely practiced in agriculture as it is an inexpensive method of applying fertilizers, making it the largest segment in the market by application mode.

Largest segment by Country

10.59 %

value share, Brazil, 2023

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The adoption of precision technologies in the country has boosted the need for nitrogenous fertilizers, as it needs a modest application of recommended fertilizers.

Leading Market Player

6.55 %

market share, Yara International ASA, 2022

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Yara has a strong presence globally as it provides a wide range of nitrogenous fertilizers including controlled/slow-release fertilizers, foliar, and liquid fertilizers.

The growing need to increase the production is expected to bolster the growth of the market.

  • Urea is the most important and most used nitrogenous fertilizer globally. In 2022, it accounted for a 48.6% share of the total consumption of nitrogenous fertilizers globally. The global urea market was valued at USD 75.0 billion in 2022, with a volume consumption of 140.2 million metric ton in the same year.
  • Anhydrous ammonia has the highest nitrogen content (82%) among all nitrogenous fertilizers, where nitrogen is readily available in the form of NH3. The global market for anhydrous ammonia was valued at USD 24.5 million in 2022, with a volume consumption of 4.3 billion metric tons in the same year. However, the usage of anhydrous ammonia as a fertilizer is restricted to the countries in North America and is commonly used in the region's corn belts since it is a highly nitrogen-consuming crop.
  • The ammonium nitrate market accounted for 6.3% and 8.5%, by value and volume, respectively, of the total nitrogenous fertilizers in 2022 and it is anticipated to grow over the forecasted period 2023-2030 at 4.9% CAGR in terms of value. Ammonium Nitrate is more inexpensive than many other nitrogen fertilizers and suitable for all seasons, making it a preferred choice for growers.
  • Moreover, Asia-Pacific was the largest market for nitrogenous fertilizers in 2022. It accounted for a market value share of 34.6%. In the Asia-Pacific region, China and India are the two largest consumers owing to their increasing population and large areas under cultivation.
  • The global nitrogenous fertilizer market value is anticipated to grow during the forecast period at 5.6% CAGR as it is the most demanded nutrient.
Global Nitrogenous Fertilizer Market

Nitrogen deficiency in major crops and reducing nitrogen use efficiency may drive the nitrogenous fertilizers market

  • In 2022, the global nitrogenous fertilizer market reached a value of USD 184.7 billion, with a consumption volume of 288.8 million metric tons. This surge in nitrogen fertilizer adoption is primarily driven by the reduced efficiency of crops in utilizing nitrogen from the soil.
  • Asia-Pacific dominates the nitrogenous fertilizer market, commanding a 39.0% share in 2022. Notably, China and India, both agricultural powerhouses, benefit from ample arable land, a rising food demand due to increasing population, and significant government support. These factors are poised to propel nitrogenous fertilizer consumption in the region further.
  • North America accounted for market volume shares of 23.2%. In North America, the United States dominates the market, boasting the majority share due to its extensive arable land, with field crops occupying 69% of the cropland, necessitating higher nitrogen inputs.
  • Followed by North America, Europe, the third-largest market, held a 16.7% volume share in 2022. The region grapples with challenges like droughts and heatwaves, which hamper nitrogen availability in the soil, leading to crop losses. Consequently, farmers in Europe increasingly turn to nitrogenous fertilizers, indicating a potential market upswing.
  • Nitrogenous fertilizers hold paramount importance in agricultural production. Despite shrinking cultivated areas, the global market for these fertilizers is projected to witness growth, driven by intensified cultivation practices and increased fertilizer application, all aimed at bolstering yields and productivity in the agricultural sector.

Nitrogenous Fertilizer Industry Segmentation

Ammonium Nitrate, Anhydrous Ammonia, Urea, Others are covered as segments by Product. Conventional, Speciality are covered as segments by Form. Fertigation, Foliar, Soil are covered as segments by Application Mode. Field Crops, Horticultural Crops, Turf & Ornamental are covered as segments by Crop Type. Asia-Pacific, Europe, Middle East & Africa, North America, South America are covered as segments by Region.

  • Urea is the most important and most used nitrogenous fertilizer globally. In 2022, it accounted for a 48.6% share of the total consumption of nitrogenous fertilizers globally. The global urea market was valued at USD 75.0 billion in 2022, with a volume consumption of 140.2 million metric ton in the same year.
  • Anhydrous ammonia has the highest nitrogen content (82%) among all nitrogenous fertilizers, where nitrogen is readily available in the form of NH3. The global market for anhydrous ammonia was valued at USD 24.5 million in 2022, with a volume consumption of 4.3 billion metric tons in the same year. However, the usage of anhydrous ammonia as a fertilizer is restricted to the countries in North America and is commonly used in the region's corn belts since it is a highly nitrogen-consuming crop.
  • The ammonium nitrate market accounted for 6.3% and 8.5%, by value and volume, respectively, of the total nitrogenous fertilizers in 2022 and it is anticipated to grow over the forecasted period 2023-2030 at 4.9% CAGR in terms of value. Ammonium Nitrate is more inexpensive than many other nitrogen fertilizers and suitable for all seasons, making it a preferred choice for growers.
  • Moreover, Asia-Pacific was the largest market for nitrogenous fertilizers in 2022. It accounted for a market value share of 34.6%. In the Asia-Pacific region, China and India are the two largest consumers owing to their increasing population and large areas under cultivation.
  • The global nitrogenous fertilizer market value is anticipated to grow during the forecast period at 5.6% CAGR as it is the most demanded nutrient.
Product
Ammonium Nitrate
Anhydrous Ammonia
Urea
Others
Form
Conventional
Speciality
CRF
Liquid Fertilizer
SRF
Water Soluble
Application Mode
Fertigation
Foliar
Soil
Crop Type
Field Crops
Horticultural Crops
Turf & Ornamental
Region
Asia-Pacific
Australia
Bangladesh
China
India
Indonesia
Japan
Pakistan
Philippines
Thailand
Vietnam
Rest of Asia-Pacific
Europe
France
Germany
Italy
Netherlands
Russia
Spain
Ukraine
United Kingdom
Rest of Europe
Middle East & Africa
Nigeria
Saudi Arabia
South Africa
Turkey
Rest of Middle East & Africa
North America
Canada
Mexico
United States
Rest of North America
South America
Argentina
Brazil
Rest of South America
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Nitrogenous Fertilizer Market Size Summary

The nitrogenous fertilizer market is poised for significant growth, driven by the increasing demand for agricultural productivity and the need to enhance crop yields. Urea remains the most widely used nitrogenous fertilizer globally, with a substantial share of the market. Anhydrous ammonia, known for its high nitrogen content, is primarily utilized in North America, particularly in corn cultivation. Ammonium nitrate is gaining popularity due to its cost-effectiveness and versatility across seasons. The Asia-Pacific region, led by China and India, dominates the market due to its large agricultural base and rising food demand. North America and Europe also contribute significantly to the market, with the United States and European countries relying on nitrogenous fertilizers to combat soil nutrient deficiencies caused by environmental challenges.

The global nitrogenous fertilizer market is expected to expand as agricultural practices intensify and the need for higher nutrient application increases. This growth is fueled by the global population surge and urbanization, which are reducing arable land and necessitating increased fertilizer use to maintain food production levels. The market is characterized by a fragmented landscape, with major players like CF Industries Holdings, EuroChem Group, Nutrien Ltd., SABIC Agri-Nutrients Co., and Yara International ASA holding significant shares. Strategic acquisitions and investments, such as SABIC's acquisition of a stake in the ETC Group and Koch's investment in a Kansas nitrogen plant, highlight the ongoing efforts to enhance production and distribution capabilities to meet the growing demand for nitrogenous fertilizers.

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Nitrogenous Fertilizer Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)

    1. 1.1 Product

      1. 1.1.1 Ammonium Nitrate

      2. 1.1.2 Anhydrous Ammonia

      3. 1.1.3 Urea

      4. 1.1.4 Others

    2. 1.2 Form

      1. 1.2.1 Conventional

      2. 1.2.2 Speciality

        1. 1.2.2.1 CRF

        2. 1.2.2.2 Liquid Fertilizer

        3. 1.2.2.3 SRF

        4. 1.2.2.4 Water Soluble

    3. 1.3 Application Mode

      1. 1.3.1 Fertigation

      2. 1.3.2 Foliar

      3. 1.3.3 Soil

    4. 1.4 Crop Type

      1. 1.4.1 Field Crops

      2. 1.4.2 Horticultural Crops

      3. 1.4.3 Turf & Ornamental

    5. 1.5 Region

      1. 1.5.1 Asia-Pacific

        1. 1.5.1.1 Australia

        2. 1.5.1.2 Bangladesh

        3. 1.5.1.3 China

        4. 1.5.1.4 India

        5. 1.5.1.5 Indonesia

        6. 1.5.1.6 Japan

        7. 1.5.1.7 Pakistan

        8. 1.5.1.8 Philippines

        9. 1.5.1.9 Thailand

        10. 1.5.1.10 Vietnam

        11. 1.5.1.11 Rest of Asia-Pacific

      2. 1.5.2 Europe

        1. 1.5.2.1 France

        2. 1.5.2.2 Germany

        3. 1.5.2.3 Italy

        4. 1.5.2.4 Netherlands

        5. 1.5.2.5 Russia

        6. 1.5.2.6 Spain

        7. 1.5.2.7 Ukraine

        8. 1.5.2.8 United Kingdom

        9. 1.5.2.9 Rest of Europe

      3. 1.5.3 Middle East & Africa

        1. 1.5.3.1 Nigeria

        2. 1.5.3.2 Saudi Arabia

        3. 1.5.3.3 South Africa

        4. 1.5.3.4 Turkey

        5. 1.5.3.5 Rest of Middle East & Africa

      4. 1.5.4 North America

        1. 1.5.4.1 Canada

        2. 1.5.4.2 Mexico

        3. 1.5.4.3 United States

        4. 1.5.4.4 Rest of North America

      5. 1.5.5 South America

        1. 1.5.5.1 Argentina

        2. 1.5.5.2 Brazil

        3. 1.5.5.3 Rest of South America

Nitrogenous Fertilizer Market Size FAQs

The Global Nitrogenous Fertilizer Market size is expected to reach USD 165.66 billion in 2024 and grow at a CAGR of 5.80% to reach USD 232.35 billion by 2030.

In 2024, the Global Nitrogenous Fertilizer Market size is expected to reach USD 165.66 billion.

Nitrogenous Fertilizer Market Report Snapshots

Nitrogenous Fertilizer Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030