Market Size of global urea Industry
| Icons | Lable | Value |
|---|---|---|
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Study Period | 2016 - 2030 |
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Market Size (2024) | USD 72.07 Billion |
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Market Size (2030) | USD 106.72 Billion |
|
Largest Share by Crop Type | Field Crops |
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CAGR (2024 - 2030) | 6.76 % |
|
Largest Share by Region | Asia-Pacific |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Urea Market Analysis
The Global Urea Market size is estimated at USD 72.07 billion in 2024, and is expected to reach USD 106.72 billion by 2030, growing at a CAGR of 6.76% during the forecast period (2024-2030).
- Largest By Type - Straight : Conventional urea is the most consumed fertilizer globally, as nitrogen is the most yield-limiting nutrient for crop growth, and farmers are highly adapted to its usage.
- Largest by Coating Type - Polymer Coated : The polymer-coated fertilizers release the nutrients for a longer duration and decrease the leaching losses of fertilizers in the soil. They also reduce the application rate.
- Largest By Crop Type - Field Crops : Field crops are widely cultivated worldwide and are a staple food in many parts of the world. They account for a maximum share by area in most agricultural countries.
