Urea Market Size
| Icons | Lable | Value |
|---|---|---|
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 72.36 Billion |
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Market Size (2030) | USD 107.8 Billion |
|
Largest Share by Crop Type | Field Crops |
|
|
CAGR (2024 - 2030) | 6.88 % |
|
Largest Share by Region | Asia-Pacific |
|
|
Market Concentration | Low |
Major Players |
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|
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|
*Disclaimer: Major Players sorted in alphabetical order. |
Urea Market Analysis
The Urea Market size is estimated at 72.36 billion USD in 2024, and is expected to reach 107.8 billion USD by 2030, growing at a CAGR of 6.88% during the forecast period (2024-2030).
72.36 Billion
Market Size in 2024 (USD)
107.8 Billion
Market Size in 2030 (USD)
10.69 %
CAGR (2017-2023)
6.88 %
CAGR (2024-2030)
Largest Type
100 %
value share, Straight, 2023
Straight fertilizers are the most consumed fertilizer, as Nitrogen is the most yield-limiting nutrient for crop growth and farmers are highly adapted to its usage.
Largest Coating Type
47.46 %
value share, Polymer Coated, 2023
Polymer-coated urea fertilizer has gained popularity due to the release of nitrogen gradually, improving nutrient use efficiency and reducing the risk of nitrogen loss.
Largest Crop Type
78.28 %
value share, Field Crops, 2023
Field crops have high nitrogen requirements for development, which increases demand for urea fertilizers as an effective nitrogen source to enhance crop yield.
Leading Market Player 1
7.16 %
market share, Yara International ASA, 2022
Yara International ASA manufactures and sells urea-based products via its brand, "YaraVera". YaraVera products are easy to handle, storage, and transportation.
Leading Market Player 2
4.39 %
market share, OCI NV, 2022
OCI NV has opened a new fertilizer manufacturing plant that will produce approximately 1.5 to 2 million metric ton of nitrogen fertilizer annually including urea.
Due to higher areas under turf and ornamentals, North America dominating the market
- Field crops, on average, require more nitrogen than other crop types. Field crop cultivation dominates the global agricultural landscape, accounting for more than 95.0% of all agricultural land. Rice, wheat, and corn are the world's most important field crops, accounting for about 38.0% of total agricultural land. Field crops dominate the global urea market, accounting for about 79.3% of the market value, amounting to around USD 60.1 billion in 2022. In countries like Canada, 32% of the field crop growers use urea fertilizers in their field crop cultivation.
- Horticultural crops accounted for about 19.6% of the total market value of urea fertilizers, amounting to around USD 14.8 billion in 2022. There is an increasing demand for fruits and vegetables around the world, particularly after the pandemic. Asia-Pacific dominates the urea fertilizer market for horticultural crops, primarily due to the extensive cultivation of horticultural crops in the region.
- North America dominates the urea fertilizer market in turf and ornamental crops. Turf and ornamental crops accounted for about 54.5% of the total market value, amounting to around USD 455.1 million in 2022. The presence of a large number of golf courses, sports clubs, and private lawn areas contributes to the region's dominance by share. Turf grass, for example, covers about 15.0 million hectares of land in the United States, which includes all stadiums, lawns, and parks.
- In terms of field and horticultural crops, Asia-Pacific is anticipated to grow at a faster rate due to the large availability of agricultural land. The turf and the ornamental segment is growing in the North American and European regions.
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Growing area under cultivation and reducing nitrogen use levels in the soils drives the market growth
- The global urea fertilizers market was valued at USD 75.77 billion in the year 2022, recording a volume consumption of 140.3 million metric tons. It is estimated to register a CAGR of 6.6% during 2023-2030. With the increase in population, developments in the agriculture industries are taking place regionally, increasing consumption and thereby driving the market.
- By country, India and China accounted for 32.8% and 28.3% of the Asia-Pacific Urea fertilizer market in 2022. Consumption growth is mainly driven by the demand for urea as a direct application fertilizer, accounting for more than 90% of the total urea consumption in these countries. Hence, the urea market in these regions is anticipated to grow significantly during 2023-2030.
- North America accounted for 11.6% of the total global urea market. The consumption of urea in 2022 was 20.9 million metric tons, which increased from 17.7 million metric tons in 2017. The increase in the area under cultivation resulted in an increase in the consumption of urea, and the cultivation increased from 228.0 million hectares in 2017 to 232.1 million hectares in 2022. This trend was observed due to the higher usage of fertilizers to increase the yield and productivity of the crop in the available land area.
- Based on the aforementioned factors and the need for enhanced productivity to feed the increasing population, the demand for urea is expected to increase, thereby boosting the market significantly during 2023-2030 with an anticipated volume CAGR of 3.3%.
Global Urea Market Trends
The rising pressure on the agriculture industry to meet the growing demand for food is expected to increase the area under field crop cultivation
- The global agricultural sector is facing many challenges. According to the UN, the world population may exceed 9 billion by 2050. This population growth may overburden the agricultural industry, which is already experiencing an output loss due to a lack of laborers and the shrinkage of agricultural fields caused by rising urbanization. According to the Food and Agriculture Organization, 70% of the鈥痝lobal鈥痯opulation is expected to live in cities by 2050. Due to the global loss of arable land, farmers now need to utilize more fertilizers to increase crop yields.
- Asia-Pacific is the world's largest producer of agricultural products. Agriculture is critical to the region's economy, as it employs about 20% of the total available workforce. Field crop cultivation dominates the region, accounting for about more than 95% of the total crop area in the region. Rice, wheat, and corn are the major field crops produced in the region, together accounting for about 24.3% of the total crop area in 2022.
- North America ranks as the second-largest arable region globally. Its farms cultivate a diverse range of crops, with a focus on field crops. Notably, corn, cotton, rice, soybean, and wheat are the prominent field crops, as highlighted by the USDA. In 2022, the United States commanded 46.2% of North America's crop cultivation area. However, the country witnessed a significant drop in crop acreage between 2017 and 2019, primarily due to adverse environmental conditions, leading to severe flooding in regions like Texas and Houston.
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Nitrogen is the most widely used primary nutrient fertilizer in field crops, accounting for 45.5% of the total consumption
- Corn/maize, rapeseed/canola, cotton, sorghum, rice, wheat, and soybean are some of the major primary nutrient-consuming crops worldwide. The primary nutrient application rates of these field crops were 230.57 kg/ha, 255.75 kg/ha, 172.70 kg/ha, 158.46 kg/ha, 154.49 kg/ha, 135.35 kg/ha, and 120.97 kg/ha, respectively. Primary nutrient fertilizers are highly crucial for crops because they play an essential role in plant metabolic processes and assist in forming tissues such as cells, cell membranes, and chlorophyll. Phosphorus is essential for growing high-quality crops; potassium activates the enzymes needed for plant growth and development.
- The global average application rate of nitrogen, potassium, and phosphorus in field crops is 164.31 kg/ha. Nitrogen is the most widely used primary nutrient fertilizer in field crops, accounting for an application rate of 224.6 kg/hectare, followed by potassic fertilizers with 150.3 kg/hectare and phosphorus with 117.9 kg/hectare in 2022.
- In 2022, the nitrogen application rate was highest in rapeseed, which was 347.4 kg/hectare. Similarly, the phosphorus application rate was highest in corn, which was 156.3 kg/hectare, and the potassium application rate was highest in canola, which was 248.6 kg/hectare.
- Global field crop cultivation area is increasing, particularly in South America and Asia-Pacific. These are the potential growing markets for fertilizers. Due to their efficiency, specialty fertilizers are widely used in developed regions such as Europe, North America, and other regions with widespread nutrient deficiencies. These factors are anticipated to drive the primary nutrient fertilizers market during 2023-2030.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- The growing demand for fruits and vegetables drives the expansion of horticulture crop cultivation
- Asia-Pacific occupies the majority of the irrigation area globally, accounting for 66.8% in 2022
- Tomatoes receive a significant quantity of primary nutrients, with an average rate of 236.06 kg per hectare
Urea Industry Overview
The Urea Market is fragmented, with the top five companies occupying 23.14%. The major players in this market are CF Industries Holdings, Inc., Nutrien Ltd., OCI NV, SABIC Agri-Nutrients Co. and Yara International ASA (sorted alphabetically).
Urea Market Leaders
CF Industries Holdings, Inc.
Nutrien Ltd.
OCI NV
SABIC Agri-Nutrients Co.
Yara International ASA
Other important companies include Coromandel International Ltd., EuroChem Group, Indian Farmers Fertiliser Cooperative Limited, Koch Industries Inc..
*Disclaimer: Major Players sorted in alphabetical order.
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Urea Market News
- April 2023: SABIC Agri-Nutrients Company acquired the ETC Group (ETG) with a 49% stake in the ETG Inputs Holdco Limited for a transaction value of USD 320 million. The agreement is part of SABIC Agri-Nutrients Company's strategy to integrate the value chain and distribution of agri-nutrients markets.
- March 2022: EuroChem Group has purchased 51.48% of the shares of the Brazilian distributor Fertilizantes Heringer SA, this purchase will further strengthen its production and distribution capacity in Brazil.
- January 2022: Yara and Lantm盲nnen signed a commercial agreement to bring 鈥済reen鈥� fertilizers to the market. Produced with renewable energy, these green nitrogen fertilizers are vital to decarbonizing the food chain and offering consumers more sustainable food choices.
Free with this Report
Along with the report, We also offer a comprehensive and exhaustive data pack with 25+ graphs on area under cultivation and average application rate per hectare. The data pack includes Globe, North America, Europe, Asia-Pacific, South America, and Africa.
Urea Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study鈥�
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Acreage Of Major Crop Types
2.1.1. Field Crops
2.1.2. Horticultural Crops
2.2. Average Nutrient Application Rates
2.2.1. Primary Nutrients
2.2.1.1. Field Crops
2.2.1.2. Horticultural Crops
2.3. Agricultural Land Equipped For Irrigation
2.4. Regulatory Framework
2.5. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
3.1. Speciality Type
3.1.1. CRF
3.1.1.1. Polymer Coated
3.1.1.2. Polymer-Sulfur Coated
3.1.1.3. Others
3.1.2. Liquid Fertilizer
3.1.3. SRF
3.1.4. Water Soluble
3.2. Crop Type
3.2.1. Field Crops
3.2.2. Horticultural Crops
3.2.3. Turf & Ornamental
3.3. Form
3.3.1. Conventional
3.3.2. Speciality
3.4. Region
3.4.1. Asia-Pacific
3.4.1.1. Australia
3.4.1.2. Bangladesh
3.4.1.3. China
3.4.1.4. India
3.4.1.5. Indonesia
3.4.1.6. Japan
3.4.1.7. Pakistan
3.4.1.8. Philippines
3.4.1.9. Thailand
3.4.1.10. Vietnam
3.4.1.11. Rest of Asia-Pacific
3.4.2. Europe
3.4.2.1. France
3.4.2.2. Germany
3.4.2.3. Italy
3.4.2.4. Netherlands
3.4.2.5. Russia
3.4.2.6. Spain
3.4.2.7. Ukraine
3.4.2.8. United Kingdom
3.4.2.9. Rest of Europe
3.4.3. Middle East & Africa
3.4.3.1. Nigeria
3.4.3.2. Saudi Arabia
3.4.3.3. South Africa
3.4.3.4. Turkey
3.4.3.5. Rest of Middle East & Africa
3.4.4. North America
3.4.4.1. Canada
3.4.4.2. Mexico
3.4.4.3. United States
3.4.4.4. Rest of North America
3.4.5. South America
3.4.5.1. Argentina
3.4.5.2. Brazil
3.4.5.3. Rest of South America
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles
4.4.1. CF Industries Holdings, Inc.
4.4.2. Coromandel International Ltd.
4.4.3. EuroChem Group
4.4.4. Indian Farmers Fertiliser Cooperative Limited
4.4.5. Koch Industries Inc.
4.4.6. Nutrien Ltd.
4.4.7. OCI NV
4.4.8. SABIC Agri-Nutrients Co.
4.4.9. Yara International ASA
5. KEY STRATEGIC QUESTIONS FOR FERTILIZER CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter鈥檚 Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- CULTIVATION OF FIELD CROPS IN HECTARE, GLOBAL, 2017 - 2022
- Figure 2:
- CULTIVATION OF HORTICULTURAL CROPS IN HECTARE, GLOBAL, 2017 - 2022
- Figure 3:
- CONSUMPTION OF PRIMARY NUTRIENTS BY FIELD CROPS IN KG/HECTARE, GLOBAL, 2022
- Figure 4:
- CONSUMPTION OF PRIMARY NUTRIENTS BY HORTICULTURAL CROPS IN KG/HECTARE, GLOBAL, 2022
- Figure 5:
- AGRICULTURAL LAND EQUIPPED FOR IRRIGATION IN HECTARE, GLOBAL, 2022
- Figure 6:
- NITROGENOUS FERTILIZER CONSUMPTION IN METRIC TON, GLOBAL, 2017 - 2030
- Figure 7:
- NITROGENOUS FERTILIZER CONSUMPTION IN USD, GLOBAL, 2017 - 2030
- Figure 8:
- FERTILIZER CONSUMPTION BY SPECIALITY TYPE IN METRIC TON, GLOBAL, 2017 - 2030
- Figure 9:
- FERTILIZER CONSUMPTION BY SPECIALITY TYPE IN USD, GLOBAL, 2017 - 2030
- Figure 10:
- FERTILIZER CONSUMPTION VOLUME BY SPECIALITY TYPE IN %, GLOBAL, 2017 VS 2023 VS 2030
- Figure 11:
- FERTILIZER CONSUMPTION VALUE BY SPECIALITY TYPE IN %, GLOBAL, 2017 VS 2023 VS 2030
- Figure 12:
- UNDEFINED FERTILIZER CONSUMPTION BY COATING TYPE IN METRIC TON, GLOBAL, 2017 - 2030
- Figure 13:
- UNDEFINED FERTILIZER CONSUMPTION BY COATING TYPE IN USD, GLOBAL, 2017 - 2030
- Figure 14:
- UNDEFINED FERTILIZER CONSUMPTION VOLUME BY COATING TYPE IN %, GLOBAL, 2017 VS 2023 VS 2030
- Figure 15:
- UNDEFINED FERTILIZER CONSUMPTION VALUE BY COATING TYPE IN %, GLOBAL, 2017 VS 2023 VS 2030
- Figure 16:
- POLYMER COATED POLYMER COATED FERTILIZER CONSUMPTION IN METRIC TON, GLOBAL, 2017 - 2030
- Figure 17:
- POLYMER COATED POLYMER COATED FERTILIZER CONSUMPTION IN USD, GLOBAL, 2017 - 2030
- Figure 18:
- POLYMER COATED POLYMER COATED FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, GLOBAL, 2023 VS 2030
- Figure 19:
- POLYMER-SULFUR COATED POLYMER-SULFUR COATED FERTILIZER CONSUMPTION IN METRIC TON, GLOBAL, 2017 - 2030
- Figure 20:
- POLYMER-SULFUR COATED POLYMER-SULFUR COATED FERTILIZER CONSUMPTION IN USD, GLOBAL, 2017 - 2030
- Figure 21:
- POLYMER-SULFUR COATED POLYMER-SULFUR COATED FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, GLOBAL, 2023 VS 2030
- Figure 22:
- OTHERS OTHERS FERTILIZER CONSUMPTION IN METRIC TON, GLOBAL, 2017 - 2030
- Figure 23:
- OTHERS OTHERS FERTILIZER CONSUMPTION IN USD, GLOBAL, 2017 - 2030
- Figure 24:
- OTHERS OTHERS FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, GLOBAL, 2023 VS 2030
- Figure 25:
- UNDEFINED FERTILIZER CONSUMPTION BY COATING TYPE IN METRIC TON, GLOBAL, 2017 - 2030
- Figure 26:
- UNDEFINED FERTILIZER CONSUMPTION BY COATING TYPE IN USD, GLOBAL, 2017 - 2030
- Figure 27:
- UNDEFINED FERTILIZER CONSUMPTION VOLUME BY COATING TYPE IN %, GLOBAL, 2017 VS 2023 VS 2030
- Figure 28:
- UNDEFINED FERTILIZER CONSUMPTION VALUE BY COATING TYPE IN %, GLOBAL, 2017 VS 2023 VS 2030
- Figure 29:
- LIQUID FERTILIZER FERTILIZER CONSUMPTION IN METRIC TON, GLOBAL, 2017 - 2030
- Figure 30:
- LIQUID FERTILIZER FERTILIZER CONSUMPTION IN USD, GLOBAL, 2017 - 2030
- Figure 31:
- LIQUID FERTILIZER FERTILIZER CONSUMPTION BY CROP TYPE IN USD, GLOBAL, 2017 - 2030
- Figure 32:
- SRF FERTILIZER CONSUMPTION IN METRIC TON, GLOBAL, 2017 - 2030
- Figure 33:
- SRF FERTILIZER CONSUMPTION IN USD, GLOBAL, 2017 - 2030
- Figure 34:
- SRF FERTILIZER CONSUMPTION BY CROP TYPE IN USD, GLOBAL, 2017 - 2030
- Figure 35:
- WATER SOLUBLE FERTILIZER CONSUMPTION IN METRIC TON, GLOBAL, 2017 - 2030
- Figure 36:
- WATER SOLUBLE FERTILIZER CONSUMPTION IN USD, GLOBAL, 2017 - 2030
- Figure 37:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY CROP TYPE IN USD, GLOBAL, 2017 - 2030
- Figure 38:
- NITROGENOUS FERTILIZER CONSUMPTION BY CROP TYPE IN METRIC TON, GLOBAL, 2017 - 2030
- Figure 39:
- NITROGENOUS FERTILIZER CONSUMPTION BY CROP TYPE IN USD, GLOBAL, 2017 - 2030
- Figure 40:
- NITROGENOUS FERTILIZER CONSUMPTION VOLUME BY CROP TYPE IN %, GLOBAL, 2017 VS 2023 VS 2030
- Figure 41:
- NITROGENOUS FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, GLOBAL, 2017 VS 2023 VS 2030
- Figure 42:
- FIELD CROPS FERTILIZER CONSUMPTION BY FIELD CROPS IN METRIC TON, GLOBAL, 2017 - 2030
- Figure 43:
- FIELD CROPS FERTILIZER CONSUMPTION BY FIELD CROPS IN USD, GLOBAL, 2017 - 2030
- Figure 44:
- HORTICULTURAL CROPS FERTILIZER CONSUMPTION BY HORTICULTURAL CROPS IN METRIC TON, GLOBAL, 2017 - 2030
- Figure 45:
- HORTICULTURAL CROPS FERTILIZER CONSUMPTION BY HORTICULTURAL CROPS IN USD, GLOBAL, 2017 - 2030
- Figure 46:
- TURF & ORNAMENTAL FERTILIZER CONSUMPTION BY TURF & ORNAMENTAL IN METRIC TON, GLOBAL, 2017 - 2030
- Figure 47:
- TURF & ORNAMENTAL FERTILIZER CONSUMPTION BY TURF & ORNAMENTAL IN USD, GLOBAL, 2017 - 2030
- Figure 48:
- NITROGENOUS FERTILIZER CONSUMPTION BY FORM IN METRIC TON, GLOBAL, 2017 - 2030
- Figure 49:
- NITROGENOUS FERTILIZER CONSUMPTION BY FORM IN USD, GLOBAL, 2017 - 2030
- Figure 50:
- NITROGENOUS FERTILIZER CONSUMPTION VOLUME BY FORM IN %, GLOBAL, 2017 VS 2023 VS 2030
- Figure 51:
- NITROGENOUS FERTILIZER CONSUMPTION VALUE BY FORM IN %, GLOBAL, 2017 VS 2023 VS 2030
- Figure 52:
- CONVENTIONAL FERTILIZER CONSUMPTION IN METRIC TON, GLOBAL, 2017 - 2030
- Figure 53:
- CONVENTIONAL FERTILIZER CONSUMPTION IN USD, GLOBAL, 2017 - 2030
- Figure 54:
- CONVENTIONAL FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, GLOBAL, 2022 VS 2030
- Figure 55:
- SPECIALITY FERTILIZER CONSUMPTION IN METRIC TON, GLOBAL, 2017 - 2030
- Figure 56:
- SPECIALITY FERTILIZER CONSUMPTION IN USD, GLOBAL, 2017 - 2030
- Figure 57:
- SPECIALITY FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, GLOBAL, 2022 VS 2030
- Figure 58:
- NITROGENOUS FERTILIZER CONSUMPTION BY REGION IN METRIC TON, GLOBAL, 2017 - 2030
- Figure 59:
- NITROGENOUS FERTILIZER CONSUMPTION BY REGION IN USD, GLOBAL, 2017 - 2030
- Figure 60:
- NITROGENOUS FERTILIZER CONSUMPTION VOLUME BY REGION IN %, GLOBAL, 2017 VS 2023 VS 2030
- Figure 61:
- NITROGENOUS FERTILIZER CONSUMPTION VALUE BY REGION IN %, GLOBAL, 2017 VS 2023 VS 2030
- Figure 62:
- NITROGENOUS FERTILIZER CONSUMPTION BY COUNTRY IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 63:
- NITROGENOUS FERTILIZER CONSUMPTION BY COUNTRY IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 64:
- NITROGENOUS FERTILIZER CONSUMPTION VOLUME BY COUNTRY IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 65:
- NITROGENOUS FERTILIZER CONSUMPTION VALUE BY COUNTRY IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 66:
- AUSTRALIA FERTILIZER CONSUMPTION IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 67:
- AUSTRALIA FERTILIZER CONSUMPTION IN USD, AUSTRALIA, 2017 - 2030
- Figure 68:
- AUSTRALIA FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, AUSTRALIA, 2023 VS 2030
- Figure 69:
- BANGLADESH FERTILIZER CONSUMPTION IN METRIC TON, BANGLADESH, 2017 - 2030
- Figure 70:
- BANGLADESH FERTILIZER CONSUMPTION IN USD, BANGLADESH, 2017 - 2030
- Figure 71:
- BANGLADESH FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, BANGLADESH, 2023 VS 2030
- Figure 72:
- CHINA FERTILIZER CONSUMPTION IN METRIC TON, CHINA, 2017 - 2030
- Figure 73:
- CHINA FERTILIZER CONSUMPTION IN USD, CHINA, 2017 - 2030
- Figure 74:
- CHINA FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, CHINA, 2023 VS 2030
- Figure 75:
- INDIA FERTILIZER CONSUMPTION IN METRIC TON, INDIA, 2017 - 2030
- Figure 76:
- INDIA FERTILIZER CONSUMPTION IN USD, INDIA, 2017 - 2030
- Figure 77:
- INDIA FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, INDIA, 2023 VS 2030
- Figure 78:
- INDONESIA FERTILIZER CONSUMPTION IN METRIC TON, INDONESIA, 2017 - 2030
- Figure 79:
- INDONESIA FERTILIZER CONSUMPTION IN USD, INDONESIA, 2017 - 2030
- Figure 80:
- INDONESIA FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, INDONESIA, 2023 VS 2030
- Figure 81:
- JAPAN FERTILIZER CONSUMPTION IN METRIC TON, JAPAN, 2017 - 2030
- Figure 82:
- JAPAN FERTILIZER CONSUMPTION IN USD, JAPAN, 2017 - 2030
- Figure 83:
- JAPAN FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, JAPAN, 2023 VS 2030
- Figure 84:
- PAKISTAN FERTILIZER CONSUMPTION IN METRIC TON, PAKISTAN, 2017 - 2030
- Figure 85:
- PAKISTAN FERTILIZER CONSUMPTION IN USD, PAKISTAN, 2017 - 2030
- Figure 86:
- PAKISTAN FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, PAKISTAN, 2023 VS 2030
- Figure 87:
- PHILIPPINES FERTILIZER CONSUMPTION IN METRIC TON, PHILIPPINES, 2017 - 2030
- Figure 88:
- PHILIPPINES FERTILIZER CONSUMPTION IN USD, PHILIPPINES, 2017 - 2030
- Figure 89:
- PHILIPPINES FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, PHILIPPINES, 2023 VS 2030
- Figure 90:
- THAILAND FERTILIZER CONSUMPTION IN METRIC TON, THAILAND, 2017 - 2030
- Figure 91:
- THAILAND FERTILIZER CONSUMPTION IN USD, THAILAND, 2017 - 2030
- Figure 92:
- THAILAND FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, THAILAND, 2023 VS 2030
- Figure 93:
- VIETNAM FERTILIZER CONSUMPTION IN METRIC TON, VIETNAM, 2017 - 2030
- Figure 94:
- VIETNAM FERTILIZER CONSUMPTION IN USD, VIETNAM, 2017 - 2030
- Figure 95:
- VIETNAM FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, VIETNAM, 2023 VS 2030
- Figure 96:
- REST OF ASIA-PACIFIC FERTILIZER CONSUMPTION IN METRIC TON, REST OF ASIA-PACIFIC, 2017 - 2030
- Figure 97:
- REST OF ASIA-PACIFIC FERTILIZER CONSUMPTION IN USD, REST OF ASIA-PACIFIC, 2017 - 2030
- Figure 98:
- REST OF ASIA-PACIFIC FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, REST OF ASIA-PACIFIC, 2023 VS 2030
- Figure 99:
- NITROGENOUS FERTILIZER CONSUMPTION BY COUNTRY IN METRIC TON, EUROPE, 2017 - 2030
- Figure 100:
- NITROGENOUS FERTILIZER CONSUMPTION BY COUNTRY IN USD, EUROPE, 2017 - 2030
- Figure 101:
- NITROGENOUS FERTILIZER CONSUMPTION VOLUME BY COUNTRY IN %, EUROPE, 2017 VS 2023 VS 2030
- Figure 102:
- NITROGENOUS FERTILIZER CONSUMPTION VALUE BY COUNTRY IN %, EUROPE, 2017 VS 2023 VS 2030
- Figure 103:
- FRANCE FERTILIZER CONSUMPTION IN METRIC TON, FRANCE, 2017 - 2030
- Figure 104:
- FRANCE FERTILIZER CONSUMPTION IN USD, FRANCE, 2017 - 2030
- Figure 105:
- FRANCE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, FRANCE, 2023 VS 2030
- Figure 106:
- GERMANY FERTILIZER CONSUMPTION IN METRIC TON, GERMANY, 2017 - 2030
- Figure 107:
- GERMANY FERTILIZER CONSUMPTION IN USD, GERMANY, 2017 - 2030
- Figure 108:
- GERMANY FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, GERMANY, 2023 VS 2030
- Figure 109:
- ITALY FERTILIZER CONSUMPTION IN METRIC TON, ITALY, 2017 - 2030
- Figure 110:
- ITALY FERTILIZER CONSUMPTION IN USD, ITALY, 2017 - 2030
- Figure 111:
- ITALY FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ITALY, 2023 VS 2030
- Figure 112:
- NETHERLANDS FERTILIZER CONSUMPTION IN METRIC TON, NETHERLANDS, 2017 - 2030
- Figure 113:
- NETHERLANDS FERTILIZER CONSUMPTION IN USD, NETHERLANDS, 2017 - 2030
- Figure 114:
- NETHERLANDS FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, NETHERLANDS, 2023 VS 2030
- Figure 115:
- RUSSIA FERTILIZER CONSUMPTION IN METRIC TON, RUSSIA, 2017 - 2030
- Figure 116:
- RUSSIA FERTILIZER CONSUMPTION IN USD, RUSSIA, 2017 - 2030
- Figure 117:
- RUSSIA FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, RUSSIA, 2023 VS 2030
- Figure 118:
- SPAIN FERTILIZER CONSUMPTION IN METRIC TON, SPAIN, 2017 - 2030
- Figure 119:
- SPAIN FERTILIZER CONSUMPTION IN USD, SPAIN, 2017 - 2030
- Figure 120:
- SPAIN FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, SPAIN, 2023 VS 2030
- Figure 121:
- UKRAINE FERTILIZER CONSUMPTION IN METRIC TON, UKRAINE, 2017 - 2030
- Figure 122:
- UKRAINE FERTILIZER CONSUMPTION IN USD, UKRAINE, 2017 - 2030
- Figure 123:
- UKRAINE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, UKRAINE, 2023 VS 2030
- Figure 124:
- UNITED KINGDOM FERTILIZER CONSUMPTION IN METRIC TON, UNITED KINGDOM, 2017 - 2030
- Figure 125:
- UNITED KINGDOM FERTILIZER CONSUMPTION IN USD, UNITED KINGDOM, 2017 - 2030
- Figure 126:
- UNITED KINGDOM FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, UNITED KINGDOM, 2023 VS 2030
- Figure 127:
- REST OF EUROPE FERTILIZER CONSUMPTION IN METRIC TON, REST OF EUROPE, 2017 - 2030
- Figure 128:
- REST OF EUROPE FERTILIZER CONSUMPTION IN USD, REST OF EUROPE, 2017 - 2030
- Figure 129:
- REST OF EUROPE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, REST OF EUROPE, 2023 VS 2030
- Figure 130:
- NITROGENOUS FERTILIZER CONSUMPTION BY COUNTRY IN METRIC TON, MIDDLE EAST & AFRICA, 2017 - 2030
- Figure 131:
- NITROGENOUS FERTILIZER CONSUMPTION BY COUNTRY IN USD, MIDDLE EAST & AFRICA, 2017 - 2030
- Figure 132:
- NITROGENOUS FERTILIZER CONSUMPTION VOLUME BY COUNTRY IN %, MIDDLE EAST & AFRICA, 2017 VS 2023 VS 2030
- Figure 133:
- NITROGENOUS FERTILIZER CONSUMPTION VALUE BY COUNTRY IN %, MIDDLE EAST & AFRICA, 2017 VS 2023 VS 2030
- Figure 134:
- NIGERIA FERTILIZER CONSUMPTION IN METRIC TON, NIGERIA, 2017 - 2030
- Figure 135:
- NIGERIA FERTILIZER CONSUMPTION IN USD, NIGERIA, 2017 - 2030
- Figure 136:
- NIGERIA FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, NIGERIA, 2023 VS 2030
- Figure 137:
- SAUDI ARABIA FERTILIZER CONSUMPTION IN METRIC TON, SAUDI ARABIA, 2017 - 2030
- Figure 138:
- SAUDI ARABIA FERTILIZER CONSUMPTION IN USD, SAUDI ARABIA, 2017 - 2030
- Figure 139:
- SAUDI ARABIA FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, SAUDI ARABIA, 2023 VS 2030
- Figure 140:
- SOUTH AFRICA FERTILIZER CONSUMPTION IN METRIC TON, SOUTH AFRICA, 2017 - 2030
- Figure 141:
- SOUTH AFRICA FERTILIZER CONSUMPTION IN USD, SOUTH AFRICA, 2017 - 2030
- Figure 142:
- SOUTH AFRICA FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, SOUTH AFRICA, 2023 VS 2030
- Figure 143:
- TURKEY FERTILIZER CONSUMPTION IN METRIC TON, TURKEY, 2017 - 2030
- Figure 144:
- TURKEY FERTILIZER CONSUMPTION IN USD, TURKEY, 2017 - 2030
- Figure 145:
- TURKEY FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, TURKEY, 2023 VS 2030
- Figure 146:
- REST OF MIDDLE EAST & AFRICA FERTILIZER CONSUMPTION IN METRIC TON, REST OF MIDDLE EAST & AFRICA, 2017 - 2030
- Figure 147:
- REST OF MIDDLE EAST & AFRICA FERTILIZER CONSUMPTION IN USD, REST OF MIDDLE EAST & AFRICA, 2017 - 2030
- Figure 148:
- REST OF MIDDLE EAST & AFRICA FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, REST OF MIDDLE EAST & AFRICA, 2023 VS 2030
- Figure 149:
- NITROGENOUS FERTILIZER CONSUMPTION BY COUNTRY IN METRIC TON, NORTH AMERICA, 2017 - 2030
- Figure 150:
- NITROGENOUS FERTILIZER CONSUMPTION BY COUNTRY IN USD, NORTH AMERICA, 2017 - 2030
- Figure 151:
- NITROGENOUS FERTILIZER CONSUMPTION VOLUME BY COUNTRY IN %, NORTH AMERICA, 2017 VS 2023 VS 2030
- Figure 152:
- NITROGENOUS FERTILIZER CONSUMPTION VALUE BY COUNTRY IN %, NORTH AMERICA, 2017 VS 2023 VS 2030
- Figure 153:
- CANADA FERTILIZER CONSUMPTION IN METRIC TON, CANADA, 2017 - 2030
- Figure 154:
- CANADA FERTILIZER CONSUMPTION IN USD, CANADA, 2017 - 2030
- Figure 155:
- CANADA FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, CANADA, 2023 VS 2030
- Figure 156:
- MEXICO FERTILIZER CONSUMPTION IN METRIC TON, MEXICO, 2017 - 2030
- Figure 157:
- MEXICO FERTILIZER CONSUMPTION IN USD, MEXICO, 2017 - 2030
- Figure 158:
- MEXICO FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, MEXICO, 2023 VS 2030
- Figure 159:
- UNITED STATES FERTILIZER CONSUMPTION IN METRIC TON, UNITED STATES, 2017 - 2030
- Figure 160:
- UNITED STATES FERTILIZER CONSUMPTION IN USD, UNITED STATES, 2017 - 2030
- Figure 161:
- UNITED STATES FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, UNITED STATES, 2023 VS 2030
- Figure 162:
- REST OF NORTH AMERICA FERTILIZER CONSUMPTION IN METRIC TON, REST OF NORTH AMERICA, 2017 - 2030
- Figure 163:
- REST OF NORTH AMERICA FERTILIZER CONSUMPTION IN USD, REST OF NORTH AMERICA, 2017 - 2030
- Figure 164:
- REST OF NORTH AMERICA FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, REST OF NORTH AMERICA, 2023 VS 2030
- Figure 165:
- NITROGENOUS FERTILIZER CONSUMPTION BY COUNTRY IN METRIC TON, SOUTH AMERICA, 2017 - 2030
- Figure 166:
- NITROGENOUS FERTILIZER CONSUMPTION BY COUNTRY IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 167:
- NITROGENOUS FERTILIZER CONSUMPTION VOLUME BY COUNTRY IN %, SOUTH AMERICA, 2017 VS 2023 VS 2030
- Figure 168:
- NITROGENOUS FERTILIZER CONSUMPTION VALUE BY COUNTRY IN %, SOUTH AMERICA, 2017 VS 2023 VS 2030
- Figure 169:
- ARGENTINA FERTILIZER CONSUMPTION IN METRIC TON, ARGENTINA, 2017 - 2030
- Figure 170:
- ARGENTINA FERTILIZER CONSUMPTION IN USD, ARGENTINA, 2017 - 2030
- Figure 171:
- ARGENTINA FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ARGENTINA, 2023 VS 2030
- Figure 172:
- BRAZIL FERTILIZER CONSUMPTION IN METRIC TON, BRAZIL, 2017 - 2030
- Figure 173:
- BRAZIL FERTILIZER CONSUMPTION IN USD, BRAZIL, 2017 - 2030
- Figure 174:
- BRAZIL FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, BRAZIL, 2023 VS 2030
- Figure 175:
- REST OF SOUTH AMERICA FERTILIZER CONSUMPTION IN METRIC TON, REST OF SOUTH AMERICA, 2017 - 2030
- Figure 176:
- REST OF SOUTH AMERICA FERTILIZER CONSUMPTION IN USD, REST OF SOUTH AMERICA, 2017 - 2030
- Figure 177:
- REST OF SOUTH AMERICA FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, REST OF SOUTH AMERICA, 2023 VS 2030
- Figure 178:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, GLOBAL, 2017 - 2030
- Figure 179:
- GLOBAL UREA MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
- Figure 180:
- MARKET SHARE OF MAJOR PLAYERS IN %, GLOBAL, 2022
Urea Industry Segmentation
CRF, Liquid Fertilizer, SRF, Water Soluble are covered as segments by Speciality Type. Field Crops, Horticultural Crops, Turf & Ornamental are covered as segments by Crop Type. Conventional, Speciality are covered as segments by Form. Asia-Pacific, Europe, Middle East & Africa, North America, South America are covered as segments by Region.
- Field crops, on average, require more nitrogen than other crop types. Field crop cultivation dominates the global agricultural landscape, accounting for more than 95.0% of all agricultural land. Rice, wheat, and corn are the world's most important field crops, accounting for about 38.0% of total agricultural land. Field crops dominate the global urea market, accounting for about 79.3% of the market value, amounting to around USD 60.1 billion in 2022. In countries like Canada, 32% of the field crop growers use urea fertilizers in their field crop cultivation.
- Horticultural crops accounted for about 19.6% of the total market value of urea fertilizers, amounting to around USD 14.8 billion in 2022. There is an increasing demand for fruits and vegetables around the world, particularly after the pandemic. Asia-Pacific dominates the urea fertilizer market for horticultural crops, primarily due to the extensive cultivation of horticultural crops in the region.
- North America dominates the urea fertilizer market in turf and ornamental crops. Turf and ornamental crops accounted for about 54.5% of the total market value, amounting to around USD 455.1 million in 2022. The presence of a large number of golf courses, sports clubs, and private lawn areas contributes to the region's dominance by share. Turf grass, for example, covers about 15.0 million hectares of land in the United States, which includes all stadiums, lawns, and parks.
- In terms of field and horticultural crops, Asia-Pacific is anticipated to grow at a faster rate due to the large availability of agricultural land. The turf and the ornamental segment is growing in the North American and European regions.
| Speciality Type | |||||
| |||||
| Liquid Fertilizer | |||||
| SRF | |||||
| Water Soluble |
| Crop Type | |
| Field Crops | |
| Horticultural Crops | |
| Turf & Ornamental |
| Form | |
| Conventional | |
| Speciality |
| Region | |||||||||||||
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Market Definition
- MARKET ESTIMATION LEVEL - Market Estimations for various types of fertilizers has been done at the product-level and not at the nutrient-level.
- NUTRIENT TYPES COVERED - Urea: Conventional Fertilizer, Controlled-release Urea Fertilizers, and Slow-Release Urea Fertilizer
- AVERAGE NUTRIENT APPLICATION RATE - This refers to the average volume of nutrient consumed per hectare of farmland in each country.
- CROP TYPES COVERED - Field Crops: Cereals, Pulses, Oilseeds, and Fiber Crops Horticulture: Fruits, Vegetables, Plantation Crops and Spices, Turf Grass and Ornamentals
| Keyword | Definition |
|---|---|
| Fertilizer | Chemical substance applied to crops to ensure nutritional requirements, available in various forms such as granules, powders, liquid, water soluble, etc. |
| Specialty Fertilizer | Used for enhanced efficiency and nutrient availability applied through soil, foliar, and fertigation. Includes CRF, SRF, liquid fertilizer, and water soluble fertilizers. |
| Controlled-Release Fertilizers (CRF) | Coated with materials such as polymer, polymer-sulfur, and other materials such as resins to ensure nutrient availability to the crop for its entire life cycle. |
| Slow-Release Fertilizers (SRF) | Coated with materials such as sulfur, neem, etc., to ensure nutrient availability to the crop for a longer period. |
| Foliar Fertilizers | Consist of both liquid and water soluble fertilizers applied through foliar application. |
| Water-Soluble Fertilizers | Available in various forms including liquid, powder, etc., used in foliar and fertigation mode of fertilizer application. |
| Fertigation | Fertilizers applied through different irrigation systems such as drip irrigation, micro irrigation, sprinkler irrigation, etc. |
| Anhydrous Ammonia | Used as fertilizer, directly injected into the soil, available in gaseous liquid form. |
| Single Super Phosphate (SSP) | Phosphorus fertilizer containing only phosphorus which has lesser than or equal to 35%. |
| Triple Super Phosphate (TSP) | Phosphorus fertilizer containing only phosphorus greater than 35%. |
| Enhanced Efficiency Fertilizers | Fertilizers coated or treated with additional layers of various ingredients to make it more efficient compared to other fertilizers. |
| Conventional Fertilizer | Fertilizers applied to crops through traditional methods including broadcasting, row placement, ploughing soil placement, etc. |
| Chelated Micronutrients | Micronutrient fertilizers coated with chelating agents such as EDTA, EDDHA, DTPA, HEDTA, etc. |
| Liquid Fertilizers | Available in liquid form, majorly used for application of fertilizers to crops through foliar and fertigation. |
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- Step-1: IDENTIFY KEY VARIABLES: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal聽terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.
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