"Yield Higher Revenue with our Exclusive Insights "

Urea Fertilizers Market Size, Share & Industry Analysis, By Product Type (Conventional Urea Fertiliser, Specialty Urea Fertiliser)and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI102620 | Status : Ongoing

 

KEY MARKET INSIGHTS

Urea is an inexpensive state of nitrogen fertilisers, which helps in increasing agriculture production. The main function of urea fertilizers is to provide the nitrogen to promote the leafy growth of the plant. Urea fertilizer productions and utilization has witnessed an increase over the decade due to the land shortage and an increase in the demand for agricultural products. The urea fertilizer is expected to gain a rapid demand among the consumers in the future, owing to the growing purchasing power of crop producers and increased accessibility.


The increase in the rapid growth of the food and food services sectors among the population are majorly encouraging the farmers and buyers to use urea fertilizers in their farming process to increased the productivity of crops. The farmers and buyers are mandated to increase in their crop production at a certain time and land availability, to fulfil the demand from the raw material processors in the urea fertilizers market. In agriculture-based economies, the government of the respective countries are also taking part to encourage farmers to promote domestic production. It is also expected that the growth in the utilization of urea fertilizers will increase in the upcoming years, due to an increase in its popularity and benefits among the consumers.

Up Arrow

Key Market Driver -

Increased Awareness of its Benefits among the Farmers and Rising Population Across the World

Down Arrow

Key Market Restraint -

Less Awareness about the Usage of Urea Fertilizers are Expected to Restrain the Market Growth


The rising awareness of consumers about the use and benefits of urea fertilizers in crop production has led to an increase in its consumption. The rising governmental subsidies are encouraging manufacturers to invest in the fertilizer industries. The increase in the population across the world is also acting as a major market driver to increase the food and beverage sector. The sector is the major consumer of plant-based and agricultural products, and hence the farmers are using urea fertilizers to cater to the demand from this sector.

The awareness about the usage of urea fertilizer is low among the farmers, which impacts in excessive use of urea fertilizers. It results in the generation of excessive ammonia in the soil and makes the soil acidic in nature and retards the fertility of soil, which is expected to serve as a restraint in the global urea fertilizers market.

Key Players Covered:


Some of the leading manufacturers and suppliers of urea fertilizers in the global market are Coromandel International Limited, Nagarjuna Fertilisers and Chemicals Limited, OSTCHEM Holding AG, CRISIL Limited, National Fertiliser Limited, Koch Agronomic Services, Haifa Group, Yingkou Magnesite Chemical Ind Group Co. Ltd., and Accela ChemBio Inc. The manufacturers are focusing on facilities expansion and development in their product portfolio to utilize the opportunity of increased fertilizer demand in the market.

Among the product type, conventional urea fertilizers are dominating the market across the world. The conventional urea fertilizers are manufactured by using a natural source of nutrients which is beneficial to grow leafy properties for all the crops. The product is easily available in the market at an affordable cost to the buyers. Whereas, the function of specialty urea fertilizers is also the same as conventional, in terms of growth and nutritional properties. It is specially manufactured urea fertilizers applied in the special condition of soil and plants, such as drought, salt fermentation in soil, climatic fluctuations, and others. The high price and low availability of specialty urea fertilizers are an opportunity for conventional urea to dominate the market. 

Regional Analysis:


Asia-Pacific is one of the leading consumers of urea fertilizer in the world. As the economies of the region are majorly dependent on agriculture, the utility of fertilizers are high in countries such as India, China, and Australia. India is one of the biggest producers and consumers of agricultural products in the region. The demand for such plant-based products, cereals, fruits, and others is increasing from the food and beverage sector in the region. The farmers of the country are rapidly utilizing the urea fertilizers for an immense growth of the crop, as The Indian Govt. is also helping them by creating product awareness and providing subsidies on the purchase of fertilizers. China has also adopted the use of fertilizers in crop production. 

To gain extensive insights into the market, Request for Customization


According to The Food and Agriculture Organization of the United Nations (FAO), The North-America has a 12.8% share of total world consumption of nitrogen in fertilizers. The utility of urea fertilizers is also getting a huge response from the farmers in the U.S. and other countries. The rising usage of urea fertilizers in the various region indicates the increase in the sale of urea fertilizer in the upcoming years, across the globe.

Segmentation


















 ATTRIBUTE

 DETAILS

By Product Type



  • Conventional Urea Fertiliser

  • Specialty Urea Fertiliser



By Geography



  • North America (U.S., Canada, and Mexico)

  • Europe (France, Germany, Italy, Spain, U.K., Russia, and Rest of Europe)

  • Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)

  • South America (Brazil, Argentina, and Rest of South America)

  • Middle East & Africa (South Africa, UAE, and Rest of ME&A)



Key Industry Developments



  • In February 2019, Coromandel International Limited has announced to increase its per day production capacity in the country.





  • Ongoing
  • 2023
  • 2019-2022
  • Pre Book
Multi-report Purchase Plan
    A Customized Plan Will be Created Based on the number of reports you wish to purchase
Agriculture Clients
Nissin
Samyang
Fuji film
Health Canada
Fresenius
Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X