The global Nitrogenous Fertilizer for Oilseeds Market Size was valued at USD 68.45 billion in 2020 and is projected to reach USD 77.99 billion by 2028, registering a CAGR of 4.5% during the forecast period.The Nitrogenous Fertilizer for Oilseeds Market is expected to expand mainly due to the need to boost agricultural productivity.
The latest projections by the Food and Agriculture Organization of the United Nations (FAO) show that persistent hunger which still affects more than 800 million people will only increase as global population reaches 9 billion people by 2050. Feeding that many people would require raising overall food production by some 60% by 2050. To achieve this without agricultural extensification– which involves increased conversion of natural habitats to farmland, loss of biodiversity, and significant increase in greenhouse gas emissions, agricultural intensification using fertilizer and best management practices is the best means possible.
Top Companies Operating in the Global Nitrogenous Fertilizer for Oilseeds Market:
Yara International ASA, Nutrien Ltd., EuroChem Group AG., CF Industries Holdings Inc., PJSC Togliattiazot, Koch Fertilizers, LLC, OCI Nitrogen, Sinofert Holdings Limited, Coromandel International Ltd., and URALCHEM Holding Plc.
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The Nitrogenous Fertilizer for Oilseeds Market investigation report assesses the global market for the Nitrogenous Fertilizer industry and provides revenue and capability forecasts for the projected period of 2028. The factors that drive the industry's growth are highlighted in the report. The report divides the Nitrogenous Fertilizer for Oilseeds Market into main categories such as forms, applications, end-users, technology, and others for a better understanding. These segments are thoroughly examined in order to provide a more accurate outlook for the global and regional markets. The report also examines the industry's major players, including their product portfolios, company overviews, strategic growth strategies, revenue generation, market share and market size, geographic presence, and development and manufacturing capabilities.
Market Overview:
Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.
The adoption of digital technologies by oil, gas, and chemical firms has been fueled primarily by cost savings and greater reliability. Many organizations in these areas saw excellent benefits from advanced market sensing, improved operational optimization, and expanded usage of "in silico" simulations. Companies' existing digital technologies provided an advantage with the abrupt entrance of COVID-19 and the accompanying shutdown of facilities and work sites, but they were often insufficient for the level of remote working and cybersecurity that was suddenly required.
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
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The Nitrogenous Fertilizer for Oilseeds Market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Nitrogenous Fertilizer for Oilseeds Market.
The global Nitrogenous Fertilizer for Oilseeds Market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Product Outlook:
- Urea
- Ammonium Nitrate
- Ammonium Sulfate
- Ammonia
- Calcium Ammonium Nitrate (CAN)
- Others
Application Outlook:
- Cereals Grains
- Oilseeds Pulses
- Fruits Vegetables
- Others
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