Europe Nitrogenous Fertilizers Market

Europe Nitrogenous Fertilizers Market Size, Growth (2022 - 2027):

The Europe Nitrogenous Fertilizers Market was worth USD 25.35 billion in 2021 and estimated to be growing at a CAGR of 3.45%, to reach USD 30.03 billion by 2026.

Nitrogen aids in rapid growth and imparts better texture and color to plants and thus enhances agricultural output. In spite of plenty of nitrogen in the environment, only a few plants have the capability to absorb and use the same. Nitrogenous fertilizers are inorganic in nature and are usually employed in the agriculture industry. The richness of the soil and the kind of crop used are the aspects that decide the extent of nitrogenous fertilizers required.

Market Drivers:

The growth of the Europe Nitrogenous Fertilizers market is majorly driven by factors such as increasing population and high efficiency of nitrogenous fertilizers. However, issues such as an increase in the cost of raw materials and various environmental and health hazards linked with nitrogen-based fertilizers are the major restraining factors for the market.

EUROPE NITROGENOUS FERTILIZERS MARKET REPORT COVERAGE:

Market Segmentation:

Europe Nitrogenous Fertilizers Market - By Ingredients:

• Urea

• Ammonium Nitrate
• Ammonium Chloride
• Sodium Nitrate
• Ammonium Sulphate
• Calcium Nitrate
• Calcium Ammonium Nitrate (CAN)
• Other Nitrogenous Fertilizers

Europe Nitrogenous Fertilizers Market - By Application:

• Crop Based
  • Oilseeds
  • Fruits & Vegetables
  • Grains & Cereals
• Non Crop Based
  • Turf & Ornamental Grass
  • others

Urea-based nitrogenous fertilizers are leading the ingredient segment in terms of consumption. However, Ammonium nitrate is projected to be the fastest growing segment during the forecast period. By application, Grains such as rice and corn lead the market for nitrogenous fertilizer and this trend is anticipated to remain during the forecast period.

The Market is Geographically divided into:

Europe:

• Germany
• U.K
• France
• Spain
• Italy

Europe is the third-largest market for nitrogenous Fertilizers with a global share of 22%. However, demand for nitrogenous fertilizer in is expected to grow at a slow rate largely due to market saturation. Widespread research & expansion activities by all major companies to grow more effective and eco-friendly nitrogenous fertilizers is a major factor driving the market growth in this region.

Key Players:

• Yara International ASA
• Agrium Inc
• Coromandel International Ltd
• Potash Corp
• KOCH Industries Inc
• CF Industries Holdings Inc
• CVR Partners, Lp
• Bunge Ltd
• Sinofert Holdings Ltd
• Eurochem

The market for Nitrogenous fertilizers is extremely consolidated and streamlined owing to the existence of only a handful of companies.