Market Size of global nitrogenous fertilizer Industry
| Icons | Lable | Value |
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Study Period | 2016 - 2030 |
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Market Size (2024) | USD 165.78 Billion |
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Market Size (2030) | USD 231.57 Billion |
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Largest Share by Product | Urea |
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CAGR (2024 - 2030) | 5.73 % |
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Largest Share by Region | Asia-Pacific |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Nitrogenous Fertilizer Market Analysis
The Global Nitrogenous Fertilizer Market size is estimated at USD 165.78 billion in 2024, and is expected to reach USD 231.57 billion by 2030, growing at a CAGR of 5.73% during the forecast period (2024-2030).
- Fastest growing segment by Type - Anhydrous Ammonia : Anhydrous ammonia has a nitrogen content of 82%, which is the highest among all nitrogenous fertilizers. This product is most suitable for high nitrogen-consuming crops.
- Largest Segment 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.
- Largest Segment by Application Mode - Soil : Soil application is a convenient way of applying fertilizers without any equipment. This method of application helps in improving both plant health and soil fertility.
- Largest segment by Country - India : India is the 2nd largest consumer of fertilizers globally with a consumption volume of 70 million metric ton in 2021 of which Urea accounts for 60% of the overall consumption.
