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Global Nitrogenous Fertilizer Market 2019-2023
SKU ID : TNV-14098799 | Publishing Date : 27-Mar-2019 | No. of pages : 129
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About this market
The growing demand for fertilizers is one of the critical factors expected to propel the nitrogenous fertilizer market growth during the forecast period. Agricultural activities are increasingly rising for catering the rapidly rising population, which, will further surge the demand during the forecast period. As a result, with the rising shrinkage of arable land amid constant urbanization and industrialization, the demand for nitrogenous fertilizers will ramp up for enhancing agricultural yield per hectare. analysts have predicted that the nitrogenous fertilizer market will register a CAGR of almost 2% by 2023.
Market Overview
Decreasing arable land
One of the growth drivers of the global nitrogenous fertilizer market is the decreasing arable land. The shrinkage in arable land is expected to see strong demand for high crop yields from the arable land available, and this will raise the need for fertilizers such as nitrogenous fertilizers during the forecast period.
Increasing consumption of organic food
One of the challenges in the growth of the global nitrogenous fertilizer market is the increasing consumption of organic food. The growing demand for organic farming foods is expected to reduce the use of urea during forecast period, which would be restrict the growth of the market.
For the detailed list of factors that will drive and challenge the growth of the nitrogenous fertilizer market during 019-2023, view our report.
Competitive Landscape
The market appears to be fragmented and with the presence of several market players. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
The growing demand for fertilizers is one of the critical factors expected to propel the nitrogenous fertilizer market growth during the forecast period. Agricultural activities are increasingly rising for catering the rapidly rising population, which, will further surge the demand during the forecast period. As a result, with the rising shrinkage of arable land amid constant urbanization and industrialization, the demand for nitrogenous fertilizers will ramp up for enhancing agricultural yield per hectare. analysts have predicted that the nitrogenous fertilizer market will register a CAGR of almost 2% by 2023.
Market Overview
Decreasing arable land
One of the growth drivers of the global nitrogenous fertilizer market is the decreasing arable land. The shrinkage in arable land is expected to see strong demand for high crop yields from the arable land available, and this will raise the need for fertilizers such as nitrogenous fertilizers during the forecast period.
Increasing consumption of organic food
One of the challenges in the growth of the global nitrogenous fertilizer market is the increasing consumption of organic food. The growing demand for organic farming foods is expected to reduce the use of urea during forecast period, which would be restrict the growth of the market.
For the detailed list of factors that will drive and challenge the growth of the nitrogenous fertilizer market during 019-2023, view our report.
Competitive Landscape
The market appears to be fragmented and with the presence of several market players. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
