Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.
The global nitrogenous fertiliser industry is being driven by the rising demand for effective fertilisers in the agriculture sector. This can be attributed to the increased crop production activities, especially in countries like India and China, where the demand for food is surging as a result of the growing population. This trend is further being supported by the growing government expenditure to support the adoption of advanced agricultural equipment and fertilisers to enhance crop production. Furthermore, the dearth of farming lands is resulting in the increased utility of nitrogenous fertilisers for better and faster yield, while also helping to replenish the soil fertility.
The growing investments by the leading market players to expand their production capacities through strategies like mergers and acquisitions are expected to bolster the market growth in the forecast period. For instance, in June 2019, OCI N.V. (Euronext: OCI) and Abu Dhabi National Oil Company (ADNOC) announced a strategic partnership to form a joint venture (JV), which would be the largest export-focused nitrogen fertiliser platform globally. Under this venture, ADNOC will combine its fertiliser business, ADNOC Fertilizers, with OCI’s Middle East and North Africa nitrogen fertiliser platform. Meanwhile, in April 2022, CF Industries Holdings Inc. (NYSE: CF) announced its plans to increase its overseas shipments to regions witnessing a fertiliser shortage, as supplies fell from Russia, including Latin America, one of the most important crop producing regions of the world.
Market Breakup by Product Type, Form, Crop Type, Application, and Region:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global nitrogenous fertiliser market are Yara International ASA, Bunge Limited, SABIC, EuroChem Agro GmbH, URALCHEM Holding PLC, PJSC Togliattiazot, and OCI N.V., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.