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Nitrogen Nutrients Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

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Nitrogen nutrients are primary macronutrients essential for the growth and development of plants. They are usually obtained from nitrogen-rich soil and therefore also called soil nutrients. Nitrogen is commonly found in the chlorophyll and chloroplast of plant cells. A majority of plants cannot fix nitrogen directly from the atmosphere and thus absorb nitrogen nutrients from the soil in the form of nitrate ions or ammonia ions. Plants often have a symbiotic relation with nitrogen-fixing bacteria, which convert inert atmospheric nitrogen into ammonia and other nitrogen derivatives which are absorbed by the host plants. However, for improved growth of plants and high yield, nitrogen nutrients are added in the form of fertilizers, supplements, soil conditioners, and soil amendments.

The rising global population propels the demand for food and agriculture, and by extension, plant nutrients. Nitrogen is a highly essential nutrient for healthy plant growth and the demand for these nutrients is expected to rise significantly over the forecast period. Substantial progress in the agrochemical and fertilizer sectors is likely to drive the market for nitrogen nutrients. Furthermore, the global consumption of nutrients stood at 245 million tons as of 2015 and is anticipated to amount to 270 million tons by 2020, indicating a significant opportunity for nitrogen nutrients in several regions. However, as of 2015 and 2016, cereal harvest was largely hampered due to unfavorable climatic conditions and low prices for the yield, which affected the demand for agriculture commodities including nitrogen nutrients, impacting the nutrient and fertilizer markets all around the world.

The market for nitrogen nutrients is bifurcated by source into the natural and man-made categories. Natural sources for nitrogen nutrients are further divided into animal by-products and plant-derived materials. The former include compost manure, poultry manure, blood meal, fish emulsion, and crab meal, whereas plant-derived materials comprise alfalfa meals, soybean meals, and cottonseed meals. Man-made sources usually include fertilizers, soil amendments, and soil supplements, as well as processed mineral salts such as Chilean nitrate. However, prolonged usage of minerals may damage water tables due to high leaching. Yet, fertilizers remain a significant source of nitrogen nutrient for plants and agriculture. More than 70% of demand for plant nutrients is satisfied by fertilizers globally, of which a significant share is accounted by urea.

In terms of geography, the market is distributed over Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. North America and Europe are projected to witness significant capacity expansions over the next few years. Government policy changes and developments largely affect the nutrients market. Europe, India, China, and Africa underwent major policy alterations. China, for instance, adopted a zero-growth policy which limits fertilizer and nutrient consumption to only 1% per annum, affecting the entire market in Asia Pacific. China recently seized operations of its ammonia production capacities worth 15 million tons, ultimately stagnating the growth of entire East Asia. Europe also implemented a circular economy model to reduce its waste and provided significant subsidies for the recycling and re-use of nutrient sources. However, Africa and North America are estimated to increase their production of urea over the forecast period.

Key players in the nitrogen nutrients market include T.STANES & COMPANY LIMITED, K+S AKTIENGESELLSCHAFT, Agrium Inc., CF Industries, Belaruskali, Mosaic, and PotashCorp.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
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