Nitrogen Nutrients Market Analysis, Regional Outlook, Competitive Market, Forecast 2016 – 2024
Global Nitrogen Nutrients Market size is likely to witness a prominent CAGR in the forecast period. Nitrogen nutrients are essential micronutrients required for plant growth. Get more details @ https://goo.gl/CjBBFt
Global Nitrogen Nutrients Market size is likely to witness a prominent CAGR in the forecast period. Nitrogen nutrients are essential micronutrients required for plant growth.
Get more details @ https://goo.gl/CjBBFt
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<strong>Nitrogen</strong> <strong>Nutrients</strong> <strong>Market</strong> Share, Growth, <strong>Analysis</strong>, Statistics,<br />
Trends, <strong>Forecast</strong> Report, <strong>2016</strong>-<strong>2024</strong>: Global <strong>Market</strong> Insights Inc.<br />
Global <strong>Nitrogen</strong> <strong>Nutrients</strong> <strong>Market</strong> size is likely to witness a prominent CAGR in the<br />
forecast period. <strong>Nitrogen</strong> nutrients are essential micronutrients required for plant<br />
growth. It is usually available in soil, for which it is also called as soil nutrients.<br />
The prime factor responsible for propelling nitrogen nutrients market size in future is<br />
the substantial development in fertilizers and agrochemicals segment across the<br />
globe. Continuous farming weakens the soil and reduces its chief vitamins & nutrients<br />
required for plant growth. The use of agrochemicals, fertilizers and soil conditioners<br />
enables the soil to regain its strength by replenishing the essential nitrogen nutrients<br />
in the soil and thus repairing the soil’s fertility. This improves the plant growth and<br />
provides high yield of crops. Increasing population is pushing the demand for food,<br />
which is turn is increasing pressure on agricultural land and soil. This factor will boost<br />
the product demand and will subsequently fuel the nitrogen nutrients market size in<br />
the coming years.<br />
The major challenges to nitrogen nutrients market growth in future is the excessive<br />
cost associated with new product development and limited applications of nitrogen<br />
due to its inert nature. Lack of awareness among consumers about the product<br />
benefits will be the major restraining factor in nitrogen nutrients market size in the<br />
future. Also, excess of nitrogen in soil slows down root growth and stimulates abrupt<br />
shoot growth, resulting in depletion of plant carbohydrates reserves. Thus, it is always<br />
advised to feed the soil with optimum amount of nutrients to nurture their growth.<br />
In recent years, cereal harvest was largely affected due to unconducive climatic<br />
conditions, which resulted in low prices for the yield. Such uncertain weather patterns<br />
also directly impact the fertilizers and agrochemicals market and eventually the<br />
nitrogen nutrients market size globally. However, improved pasture production around<br />
the globe and favorable inclination towards fertilizers consumption for ensuring<br />
enhanced crop productivity are likely to open new growth avenues for nitrogen<br />
nutrients market size by <strong>2024</strong> across the globe.<br />
Based on type of product, nitrogen nutrients market is classified into natural and<br />
synthetic sources. Natural source includes both plant and animal derived materials,<br />
whereas synthetic source includes processed mineral salts such as chilean nitrate.<br />
Natural is forecast to exhibit maximum gains over the forecast timeframe on account<br />
of its easy availability along with low cost.<br />
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The nitrogen nutrients market, based on product form is segmented into liquid and dry.<br />
The liquid segment held a major chunk of global market in <strong>2016</strong> owing to its easy<br />
availability and solubility in water.<br />
The product is primarily used in agricultural industry in fertilizers, supplements and soil<br />
amendments applications. Approximately 70% of product demand for plants is met by<br />
fertilizers across the globe. Thus, it accounted for largest share in global nitrogen<br />
nutrients market in <strong>2016</strong> in terms of revenue. Soil amendment chemicals include soil<br />
softeners and conditioners that improve texture, fertility and other physical qualities of<br />
soil.<br />
North America accounted for largest chunk of nitrogen nutrients market share in <strong>2016</strong><br />
owing to the increased use of modernized technologies for agriculture and farming.<br />
The agricultural methods and practices have also transformed in this region, which are<br />
supportive for better product yield and thus, boost the overall product demand in the<br />
coming years. Both, Europe and North America are likely to witness considerable<br />
production capacity expansion over the forecast period.<br />
Asia Pacific shall witness a sluggish growth owing to the major alterations in<br />
government policies regarding fertilizers production and use. For instance, China<br />
adopted zero-growth strategy that limits nutrients & fertilizers consumption up to 1%<br />
per year only, thereby affecting a widespread Asia Pacific nitrogen nutrients market<br />
share. It also recently seized its ammonia production units, amounting to 15 million<br />
tons, which ultimately had a major blow on nitrogen nutrients market in Asia Pacific.<br />
The prominent nitrogen nutrients market share contributors functional are PotashCorp,<br />
K+S AKTIENGESELLSCHAFT, Mosaic, CF Industries, Belaruskali, Conklin Company<br />
Partners Inc. and Agro-Culture Liquid Fertilizers, The Scotts Miracle-Gro Company,<br />
Alpine Solutions Corporation, Grassland Agro Limited, Yara International ASA, Miller<br />
Seed Company, Nachurs Alpine Solutions Corp, StollerUsa Inc. and EC Grow.<br />
Product manufacturers are conducting research & development so as to make farmers<br />
aware regarding the usage of the product in soil enhancement.<br />
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