Nitrogenous Fertilizer Market Size, Share, Growth Analysis, By Product(Urea, ammonium nitrate, ammonium sulfate, methylene urea), By Application (Cereals & grains, oilseeds & pulses, fruits & vegetables, and others), By Region - Industry Forecast 2024-2031

Nitrogenous Fertilizer Market size was valued at USD 57.8 billion in 2019 and is poised to grow from USD 60.98 billion in 2023 to USD 92 billion by 2031, growing at a CAGR of 5.3% in the forecast period (2024-2031).

Nitrogenous fertilizers are gaining popularity in the global agricultural sector due to their ability to assist rapid plant growth. Nitrogenous fertilizers promote the healthy growth of both foliage and fruits, and are available in liquid, solid, pelleted, and granular forms. The agricultural industry has increased its demand for nitrogenous fertilizers to provide adequate nutrition to various food crops, thereby increasing yield. They have a wide range of applications in agriculture, including vegetables, fruits, cotton, and cereals. Crop production capacity is greatly influenced by changes in climatic conditions, which change crop supply and demand according to season. Fertilizers are important ingredients used in agriculture to boost crop growth. However, environmental and health risk that comes with nitrogen-based fertilisers are significant restraints to the growth of the nitrogenous fertilizers market during the forecast period.

US Nitrogenous Fertilizer Market is poised to grow at a sustainable CAGR for the next forecast year.