Nitro Compound Fertilizers Market - Forecast(2021 - 2026)

Report Code: AGR 31669 Report Format: PDF + Excel (Delivery in 48 Hrs)

Nitro Compound Fertilizers Market Overview

Nitro compound fertilizers market size is forecast to reach $XX billion by 2025, after growing at a CAGR of XX% during 2020-2025, owing to the vital role of nitro compound fertilizers in controlling the diseases, insects and weeds that harm or destroy the food crops and threaten public health. With growing global populations that constantly challenge food production, nitro compound fertilizers offer a means towards meeting the challenge of more food from less land. Increase in concerns related to soil profile & nutritional equilibrium is expected to drive the nitro compound fertilizers market. They are being extensively used to destroy or suppress the growth of harmful microorganisms such as bacteria, viruses, or fungi on the crops. Thus, the extensive usage of nitro compound fertilizers as a crop care product is anticipated to drive the nitro compound fertilizers market substantially during the forecast period.

Report Coverage

The report: “Nitro Compound Fertilizers Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the nitro compound fertilizers Industry. 
By Form: Liquid, and Solid
By Crop Type: Food Crops, Cash Crops, Horticulture Crops, Plantation Crops, and Others
By Application: Agriculture, and Horticulture
By Geography: North-America, South-America, Europe, Asia Pacific, and RoW

Key Takeaways

  • Asia Pacific dominates the nitro compound fertilizers market, owing to the increasing agricultural investments by the government in the region. In May 2019, NABARD announced an investment of Rs 700 crore (US$ 100 million) venture capital fund for equity investments in agriculture and rural-focused start-ups in India.
  • Nitro compound fertilizers are products that contain rich nitrite nitrogen and ammonium nitrogen, which are easily absorbed by plants at high rates. In nitro compound fertilizers, the ammonium nitrogen provides sustainable nutrition to plants to support their rapid growth and strengthen the roots through photosynthesis.
  • It helps farmers to spread compound fertilizers so that each granule delivers a mixture of nutrients as it dissolves in the soil and eliminates the potential for segregation of nutrient sources during transport or application. Multiple-nutrient granules of compound fertilizers also help achieve uniform distribution of micronutrients throughout the root zone.
  • Increase in concern over the pattern of usage of fertilizer with heavy reliance on nitrogenous fertilizers; poor nutrition management; lack of complementary inputs; decline in soil fertility; and weak marketing and distribution systems are acting as major restraints of the global market.
  • Due to the COVID-19 Pandemic most of the countries has gone under lockdown, due to which operations of various industries such as agriculture and horticulture has been negatively affected, which is hampering the nitro compound fertilizers market growth.

Nitro Compound Fertilizers Market Segment Analysis - By Form

The liquid segment held the largest share in the nitro compound fertilizers market in 2019, owing to its superior characteristics such as convenience to use and comparatively cheaper than the other alternatives. Also, the nitro compound fertilizers in liquid form are easy available and soluble in nature. The liquid form based nitro compound fertilizers are being extensively used in the agricultural farms to improve crop productivity and in horticulture to supply sufficient amount of nutrients at each stage of crop growth. Thus, the extensive usage of liquid based nitro compound fertilizer is anticipated to propel the nitro compound fertilizers market during the forecast period. 

Nitro Compound Fertilizers Market Segment Analysis - By Crop Type

The food crop held the largest share in the nitro compound fertilizers market in 2019 and is growing at a CAGR of XX%, owing to the increasing demand of food crops such as wheat, rice, pulses and others. There is an increasing demand for food crops as they are a staple food in various regions especially in the Asian countries. The global use of rice for livestock feed has steadily increased over the past several decades. According to the Food and Agriculture Organization (FAO) the global use of rice for feed in 2013 was 33.6 million mt and that feed use has been growing by 0.5 million mt per year since 2003, an average growth rate of 1.7 percent. According to United States Department of Agriculture (USDA) rice consumption in 2019-20 is estimated at 102 million tonnes, an increase of 3% and the rice consumption is expected to increase further in 2020-21 to 108 million tonnes with the government pushing more subsidized rice. Thus, the increasing food crop production will require more nitro compound fertilizers, which is anticipated to drive the nitro compound fertilizers market in the food crop sector during the forecast period.

Nitro Compound Fertilizers Market Segment Analysis - By Geography

Asia Pacific region held the largest share in the nitro compound fertilizers market in 2019 up to 30%, owing to the increasing agricultural investments by the government in the region. The governments are spending heavily on initiatives and investments in the field of agriculture as it is one of the most effective ways of reducing hunger and poverty, promoting agricultural productivity and enhancing environmental sustainability for the increasing population. In 2016, according to China’s Ministry of Agriculture, over 1,300 Chinese enterprises had overseas investments in agriculture, forestry, and fisheries valued at $26 billion. The total quantum of private investment in India is projected to increase (with added investment of Rs. 78,424 crore) from Rs. 61,000 crore in 2015-16 to Rs. 139,424 crore by 2022-23. The Indian government introduced Pradhan Mantri Samman Nidhi Yojana under Budget 2019-20, in which a minimum fixed pension of Rs 3000 (US$ 42.92) is to be provided to the eligible small and marginal farmers, on attaining the age of 60 years. In Japan, a digital farming technology has been developed to help experienced farmers to use water and fertilizers more efficiently. According to Food and Agriculture Organization of the United Nations, Asia Pacific accounts for more than 90 percent of world rice production and consumption and some developing countries in Asia Pacific will need to increase their food production by up to 77 percent to feed their people by 2050. Thus, such government initiatives are increasing the demand of agricultural crops which is further increasing the nitro compound fertilizers demand. The increasing demand of nitro compound fertilizers for easy production of crop is anticipated to drive the nitro compound fertilizers market in APAC during the forecast period.

Nitro Compound Fertilizers Market Drivers 

Increasing Agricultural Initiatives By The Government

The governments are spending heavily on initiatives and investments in the field of agriculture as it is one of the most effective ways of reducing hunger and poverty, promoting agricultural productivity and enhancing environmental sustainability. The United States Department of Agriculture took an initiative – “The Agriculture and Food Research Initiative (AFRI)” to ensure food safety and security and train the next generation of the agricultural workforce. In 2020, the Canadian government invested a total of $560,000 on the Canadian Federation of Agriculture (CFA) to develop the Canadian Agri-Food Sustainability Initiative. The European government has take initiatives such as Common Agricultural Policy (CAP) and Young Farmers. The 2010- 2013 National Strategy for France’s Sustainable Development aimed to develop a more sustainable food production and support green economy and business innovation, and during the tenure it achieved a higher domestic organic production and consumption. Moreover, United Nations “Zero Hunger Vision by 2030” which aims to end hunger and double the agricultural productivity and incomes of small-scale food producers is likely to increase the demand of nitro compound fertilizers. Thus, due to the various initiatives by the government the agricultural production is also increasing in the various regions, which acts as a driver for the nitro compound fertilizers market during the forecast period.

Nitro Compound Fertilizers Market Challenges

Increasing Substitution of Organic Fertilizer Over Chemical Fertilizer

Organic fertilizers are obtained from animal sources such as animal manure or plant sources like green manure. The continuous usage of inorganic fertilizer affects soil structure. Hence, organic fertilizers can serve as an alternative to the inorganic fertilizers for improving soil structure and microbial biomass. The Government is promoting use of organic / ecological fertilizers by providing financial assistance for setting up of production units of organic fertilizers under following schemes National Project on Organic Farming (NPOF) and National Horticulture Mission (NHM). Under National Project on Management of Soil Health and Fertility (NPMSHF) there is provision for promotion of organic fertilizer up to Rs. 500/- per hectare. Assistance is also available for organic fertilizers under Rashtriya Krishi Vikas Yojana (RKVY). These increasing government initiatives are resulting in the adoption of organic fertilizers which hinder with the nitro compound market growth during the forecast period.

Covid-19 Impact on The Nitro Compound Fertilizers Market

The production of vegetables, fruits, wine, and crops requires extensive crop care such as seed treatment, soil management, crop protection, and more for which nitro compound fertilizers are extensively used. However, over the coming month due to the COVID – 19 outbreaks, the production in these sectors is expecting to experience difficulties like untimely crop care and pesticide product deliveries, trade and deliveries issues, and more. Also the governments banned export and import of certain commodities such as on March 31, 2020, the Eurasian Economic Commission (EEC), banned number of food products, most notably sunflower seeds and soy beans. These import and export restrictions are limiting the nitro compound fertilizers market growth during the pandemic. 

Market Landscape 

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the nitro compound fertilizers market. In 2019, the market of nitro compound fertilizers has been consolidated by the top five players accounting for xx% of the share. Major players in the nitro compound fertilizers market are Agrium Inc., Georgia-Pacific Chemicals LLC, Growth Products Ltd., Hanfeng Evergreen, Helena Chemical Company, Kingenta Ecological Engineering Group Co. Ltd., Kugler Company, Lebanon Seaboard Corporation, LUXI Group, and Sinochem Fertilizer Company Limited.

1. Nitro Compound Fertilizers Market - Overview
        1.1 Definitions and Scope
2. Nitro Compound Fertilizers Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Nitro Compound Fertilizers Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Nitro Compound Fertilizers Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Nitro Compound Fertilizers Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Nitro Compound Fertilizers Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Nitro Compound Fertilizers Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Nitro Compound Fertilizers Market - By Product (Market Size -$Million / $Billion)
        8.1 Market Size and Market Share Analysis
        8.2 Application Revenue and Trend Research
        8.3 Product Segment Analysis
9. Nitro Compound Fertilizers Market - By Type (Market Size -$Million / $Billion)
9.1 Liquid
9.2 Solid
10. Nitro Compound Fertilizers - By Application (Market Size -$Million / $Billion)
        10.1 Agriculture
        10.2 Horticulture
11. Nitro Compound Fertilizers- By Geography (Market Size -$Million / $Billion)
        11.1 Nitro Compound Fertilizers Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Canada
                  11.2.5.3 Mexico
                  11.2.5.4 Rest of North America
        11.3 Nitro Compound Fertilizers- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
                  11.4.5.1 Brazil
                  11.4.5.2 Venezuela
                  11.4.5.3 Argentina
                  11.4.5.4 Ecuador
                  11.4.5.5 Peru
                  11.4.5.6 Colombia
                  11.4.5.7 Costa Rica
                  11.4.5.8 Rest of South America
        11.5 Nitro Compound Fertilizers- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
                  11.6.5.1 U.K
                  11.6.5.2 Germany
                  11.6.5.3 Italy
                  11.6.5.4 France
                  11.6.5.5 Netherlands
                  11.6.5.6 Belgium
                  11.6.5.7 Denmark
                  11.6.5.8 Spain
                  11.6.5.9 Rest of Europe
        11.7 Nitro Compound Fertilizers - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
                  11.8.5.1 China
                  11.8.5.2 Australia
                  11.8.5.3 Japan
                  11.8.5.4 South Korea
                  11.8.5.5 India
                  11.8.5.6 Taiwan
                  11.8.5.7 Malaysia
                  11.8.5.8 Hong kong
                  11.8.5.9 Rest of APAC
        11.9 Nitro Compound Fertilizers - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
                  11.10.5.1 Israel
                  11.10.5.2 Saudi Arabia
                  11.10.5.3 UAE
            11.10.6 Africa Segment Analysis
                  11.10.6.1 South Africa
                  11.10.6.2 Rest of Middle East & Africa
12. Nitro Compound Fertilizers Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Nitro Compound Fertilizers Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Nitro Compound Fertilizers Market - Key Company List by Country Premium
15. Nitro Compound Fertilizers Market Company Analysis
        15.1 Market Share, Company Revenue, Products, M&A, Developments
        15.2 Agrium, Inc
        15.3 Georgia-Pacific Chemical Llc
        15.4 Growth Products, Ltd
        15.5 Hanfeng Evergreen
        15.6 Helena Chemical Company
        15.7 Kingenta Ecological Engineering Group Co , Ltd
        15.8 Kugler Company
        15.9 Lebanon Seaboard Corporation
        15.10 Luxi Group
        15.11 Sinochem Fertilizer Company Limited
        15.12 Company 12
        15.13 Company 13 & More
*Financials would be provided on a best efforts basis for private companies
16. Nitro Compound Fertilizers Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Nitro Compound Fertilizers Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends

List of Tables

1 US Nitro Compound Fertilizers Market Size 2018
2 Canada Nitro Compound Fertilizers Market Share 2018
3 Brazil Nitro Compound Fertilizers Market Outlook 2019 - 2023
4 Mexico Nitro Compound Fertilizers Market Research 2018
5 Germany Nitro Compound Fertilizers Market Trends 2019 - 2023 
6 France Nitro Compound Fertilizers Market Growth 2019 - 2023 
7 UK Nitro Compound Fertilizers Market Demand 2019 - 2023 
8 Italy Nitro Compound Fertilizers Market Segmentation 2018
9 Russia Nitro Compound Fertilizers Market Analysis 2019 - 2023
10 China Nitro Compound Fertilizers Market Revenue 2019 - 2023
11 Japan Nitro Compound Fertilizers Market Volume 2019 - 2023
12 South Korea Nitro Compound Fertilizers Market Potential 2019 - 2023
13 India Nitro Compound Fertilizers Market Leaders 2018
14 Saudi Arabia Nitro Compound Fertilizers Market Forecast 2019 - 2023 
15 Kuwait Nitro Compound Fertilizers Market Value 2018

List of Figures

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