Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
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USD 81.51 Billion |
| USD 142.16 Billion | |
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Global Nitrogen Fixing Fertilizer Market, By Type (Urea, Calcium Ammonium Nitrate, Ammonium Nitrate, Ammonium Sulphate, Others), Crop Type (Macro-indicators, Cereals and Grains, Oilseeds and Pulses, Turf and Ornamentals, Fruits and Vegetables, Others), Form (Liquid, Carrier-Based), Application (Soil Treatment, Seed Treatment, Others) – Industry Trends and Forecast to 2029.
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Nitrogen fixing fertilizers dominated the market with a healthy rate during the forecast period. This dominance is attributable to water reserves and the correction of heavily contaminated soil caused by the use of synthetic fertilizers globally for the last few years. Plant growth demands fixed nitrogen presence and numerous other important minerals in the soil, which are sufficed by bio-based fertilizers. The increasing awareness regarding the need for sustainability in recent agriculture is the factor that boosts the nitrogen fixing fertilizer market during forecast period of 2022 to 2029.
Data Bridge Market Research analyses that the nitrogen fixing fertilizer market was valued at USD 81.51 billion in 2021 and is expected to reach USD 142.16 billion by 2029, registering a CAGR of 7.20% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Report Metric
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Details
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Forecast Period
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2022 - 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Urea, Calcium Ammonium Nitrate, Ammonium Nitrate, Ammonium Sulphate, Others), Crop Type (Macro-indicators, Cereals And Grains, Oilseeds And Pulses, Turf and Ornamentals, Fruits And Vegetables, Others), Form (Liquid, Carrier-Based), Application (Soil Treatment, Seed Treatment, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Yara (Norway), Nutrien Ltd (Canada)., EuroChem Group (Switzerland), AGRI INDIA BIOTECH (India), Lallemand Inc (Canada), AUMGENE Biosciences (India), CF Industries Holdings Inc. (U.S.), PJSC (Russia), Koch Ag & Energy Solutions, LLC (U.S.), Vegalab S.A (Switzerland), OCI (Netherland), Chongqing Stanley Info-tech Co.,Ltd. (China), Sinofert Holdings Limited (China), Seipasa (Spain), Coromandel International Limited (India), Criyagen (India), Symborg (Spain), and URALCHEM JSC (Russia)
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Market Opportunities
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Market Definition
Nitrogen fixation is a natural process in which the N2 gas is converted into a usable form for plants and other microbes. During this process, N2 gas is present in the atmosphere, which is changed into ammonia and other related nitrogenous compounds. Nitrogen fixing bio-fertilizer fixes atmospheric nitrogen in the soil without the help of a host plant. It can fix up to 30 to 40 kg of nitrogen per hectare, depending on soil situations. It actually improves the soil by making it rich in nitrogen.
Drivers
The growing concern for food safety is anticipated to drive the growth of the nitrogen fixing fertilizer market. The right food handling practices used all over the food preparation, distribution, processing and storage of the products in the food industries due to food safety. All characteristics of the food supply chain are concerned regarding the integrity of food safety. From agriculture to packaging and delivery of final product to the consumer's table, the food production life cycle is a source of concern. The increasing concern for food protection calls for food manufacture with maximum result which in turn demands a need for nitrogen fixing fertilizer to promote higher growth of food plants.
The increase in demand for organic products is flourishing, owing to the rise in conscientious consumers and increasing incomes with improved farming activities, which make organic yields more robust. As a result of this, the growing demand for organic food has augmented the area under organic farming worldwide. For instance, according to the FiBL analysis, the area under global organic farming increased from 69.4 million hectares in 2017 to 74.9 million in 2020. The rise in organic farming activities is due to improved soil fertility with the wide use of organic products such as nitrogen-fixing fertilizers. This has further triggered the demand for nitrogen fixing fertilizers products, as they are bio fertilizers and help in maintaining the ecological balance.
Opportunities
Governments are investing to improve the agricultural industry, thus contributing to the growth in demand for nitrogen fixing fertilizers. For instance, the government of India has announced that the urea industries older than 30 years but still manufacturing urea will get $6.77 additional fixed cost. The government has also announced that 30 urea industries will get fixed prices at a rate of $4.74 per metric tonne. India imports at least 50 lakh tonnes of urea worth more than a billion dollars every year. The government initiative goals to increase domestic manufacture of urea and cut imports. Thus, such initiatives in several countries are anticipated to promote the agricultural industry and will create lucrative opportunities for the growth of the nitrogen fixing fertilizer market.
Restraints/ Challenges
The technological and environmental constraints along with the high initial investment and poor infrastructure are acting as restraint for nitrogen fixing fertilizer market during the forecast period, while the presence of less-effective products and supply of counterfeit are some of the foremost and biggest challenges towards the growth of the nitrogen fixing fertilizer market.
This nitrogen fixing fertilizer market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the nitrogen fixing fertilizer market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
The nitrogen fixing fertilizer market is segmented on the basis of type, crop type, form and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
Crop Type
Form
Application
The nitrogen fixing fertilizer market is analysed and market size insights and trends are provided by country, type, crop type, form and application as referenced above.
The countries covered in the nitrogen fixing fertilizer market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the nitrogen fixing fertilizer market in terms of market revenue and market share and will continue to flourish its dominance. This is due to the high production and huge demand for crop produce in numerous economies in this region.
North America is anticipated to grow during the forecast period of 2022 to 2029 due to the imposed ban on the use of harmful fertilizers and chemicals in agriculture industry because of its harmful effects on the ecology. The increasing acceptance of organic foods among people will likely boost the growth of the market in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The nitrogen fixing fertilizer market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to nitrogen fixing fertilizer market.
Some of the major players operating in the nitrogen fixing fertilizer market are:
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Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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