Nitrogenous Fertilizers in Grains & Oilseeds Market
Nitrogenous Fertilizers in Grains & Oilseeds Market Nitrogen is a vital nutrient required by all crop plants for growth and development. Nitrogen is present in large quantities in nature, but only a few crop plants are able to exchange atmospheric nitrogen that is useable.
Nitrogenous Fertilizers-Grains & Oilseeds market has been pegged at $61,529.5m in the year 2013 growing at 2.4% annually and is projected to reach $69,158.5m by the end of the year 2018.
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The use of nitrogenous fertilizers in Grains & Oilseeds is growing due to increase in demand of major grains and oilseeds such as soybean, wheat and corn. The increase in demand for soybean is basically due to the diverse use of soybean crops such as soy milk, tofu, and biodiesel. Global acceptance of biotech treated soybeans in the recent times; the increasing oil prices and bio-fuel demand is driving the demand for soybean. Latin America is the fastest growing segment for grains & oilseeds.
Nitrogenous Fertilizers in Grains & Oilseeds Market The nitrogenous fertilizer market is highly consolidated and rationalized. Nations that have a constricted supply-demand status of fertilizers discourage the export of these. Bans and higher duties on fertilizer are made to meet their domestic demand and also frequent change in policies restricts manufacturers to expand their business aggressively. The influence of China’s export policy on its domestic producers often impacts the available supply and global trade fundamentals. Asia-Pacific being the largest rice-producing region, and Latin America being the largest corn and sugarcane-producing region, attract global investors’ attentions.
The global nitrogenous fertilizer market was valued at $102.1 billion in 2013, and is expected to grow at a CAGR of 2.3% from 2013 to 2018. The nitrogenous fertilizer market is segmented into urea, ammonium nitrate, ammonium sulphate, calcium ammonium nitrate, ammonia, and others. http://www.micromarketmonitor.com/market-report/nitrogenous-fertilizers-reports5226800771.html
Nitrogenous Fertilizers in Grains & Oilseeds Market Grains & Oilseeds such as Wheat, Rice, Maize, Soybeans, Barley, Sorghum, Sugarcane and Sunflower are the end users of the Nitrogenous Fertilizer market. Oilseeds and vegetable seeds are used to extract vegetable fats and oils which are known as lipids. Grains are dry seeds that are harvested for animal and human consumption as a source of carbohydrates for them. Nitrogenous Fertilizers are inorganic fertilizers that are added to crops and plants for their proper growth and development.
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Audience for this report Nitrogenous Fertilizers-Grains & Oilseeds companies
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Nitrogenous Fertilizers in Grains & Oilseeds Market About MicroMarketMonitor: MicroMarketMonitor identifies and attends to various unmet needs of different industrial verticals, which include value chain impact analysis. The company publishes about 12000 Market Research Reports on various Micro Markets across the world. The graphical nature and multidimensional analysis of these reports provide advanced Business Intelligence Tools to the clients in that particular target market.
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