Growing Population Is Anticipated To Drive The Demand For Nitrogenous Fertilizers In The Coming Years
According to a recently published report, the global Nitrogenous Fertilizers Market is expected to grow at the CAGR of 2.6% during 2016-2022. The global nitrogenous fertilizers market is segmented on the basis of type, crop type and geography. The report on global nitrogenous fertilizers market forecast, 2016-2022 (by type, crop typeand geography) provides detailed overview and predictive analysis of the market.
Full report available global nitrogenous fertilizers market forecast, 2016-2022 (by type, crop type and geography) report at http://www.briskinsights.com/report/nitrogenous-fertilizers-market
The growing population leads to the increased demand for crops which in turn results in rising demand for nitrogenous fertilizers due to high productivity. In 2015, the world population reached around 7.3 billion which is anticipated to grow at a significant rate in the upcoming years. According to a survey of U.S. crop production, the average corn yield would decline by 40% without the usage of nitrogenous fertilizers. Nitrogen is considered as an important nutrient for all crops in their growth & development. The application of nitrogenous fertilizer results in better color and texture of the plant as well as helps in faster growth, which in turn increases the overall agricultural productivity. It possesses nitrous compounds such as ammonium nitrate, calcium ammonium nitrate, ammonium sulfate and other compounds in small proportions. The demand for nitrogenous fertilizers is majorly dependent on the demand for food in any region. Thus, increasing disposable income and growing population are amongst the foremost factors driving the market of the nitrogenous fertilizers. Extensive research & development carried out by the key market players in order to develop eco-friendly and more efficient nitrogenous fertilizers are also contributing significantly towards the market growth. Numerous health & environmental hazards associated with the use of nitrogenous fertilizers and volatile raw material prices are expected to hamper the growth of the global nitrogenous fertilizers market. The usage of nitrogenous fertilizers at higher levels may lead to depletion of soil nutrients, loss of certain plant species, contamination of drinking water and death of aquatic organisms.
Scope Of The Report
1. Global Nitrogenous Fertilizers Market By Type 2012 - 2022 ($ Million)
1.1. Ammonium Nitrate
1.2. Calcium Ammonium Nitrate
1.4. Ammonium Sulfate
1.5. Other Nitrogen Fertilizers
2. Global Nitrogenous Fertilizers Market By Crop Type 2012 - 2022 ($ Million)
2.1. Fruits & Vegetables
2.2. Grains & Oilseeds
3. Global Nitrogenous Fertilizers Market By Regional Outlook 2012-2022 ($ Million)
3.1. North America
3.3. Asia Pacific
3.4. Middle East & Africa
3.5. Latin America
4. Company Profiles
4.3. Bunge Ltd.
4.4. CF Industries Holdings Inc.
4.5. Coromandel International Ltd.
4.6. CVR Partners, LP.
4.8. Israel Chemicals
4.9. Koch Industries Inc.
4.10. Mosaic Co.
4.11. OCP Group
4.12. Potash Corp. Of Saskatchewan Inc.
4.13. Sinofert Holdings Ltd.
4.15. Yara International ASA