Canada Nitrogenous Fertilizer Market Size & Outlook
Canada nitrogenous fertilizer market, 2018-2030 (US$M)
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Canada nitrogenous fertilizer market highlights
- The Canada nitrogenous fertilizer market generated a revenue of USD 2,476.7 million in 2022 and is expected to reach USD 3,746.7 million by 2030.
- The Canada market is expected to grow at a CAGR of 5.3% from 2023 to 2030.
- In terms of segment, urea was the largest revenue generating product in 2022.
- Ammonia is the most lucrative product segment registering the fastest growth during the forecast period.
Nitrogenous fertilizer market data book summary
| Market revenue in 2022 | USD 2,476.7 million |
| Market revenue in 2030 | USD 3,746.7 million |
| Growth rate | 5.3% (CAGR from 2022 to 2030) |
| Largest segment | Urea |
| Fastest growing segment | Ammonia |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Urea, Methylene Urea, Ammonium Nitrate, Ammonium Sulfate, Ammonia, Calcium Ammonium Nitrate |
| Key market players worldwide | Nutrien Ltd, The Mosaic Co, Yara International ASA, CF Industries Holdings Inc, ICL Group Ltd, Bunge Global SA, Sasol Ltd, OCI NV, Koch Industries |
Other key industry trends
- In terms of revenue, Canada accounted for 2.2% of the global nitrogenous fertilizer market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. nitrogenous fertilizer market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 15,151.7 million by 2030.
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Nitrogenous Fertilizer Market Scope
Nitrogenous Fertilizer Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada nitrogenous fertilizer market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to nitrogenous fertilizer market will help companies and investors design strategic landscapes.
Urea was the largest segment with a revenue share of 51.81% in 2022. Horizon Databook has segmented the Canada nitrogenous fertilizer market based on urea, methylene urea, ammonium nitrate, ammonium sulfate, ammonia, calcium ammonium nitrate covering the revenue growth of each sub-segment from 2018 to 2030.
The agriculture sector of Canada relies increasingly on commercial fertilizers and manure to replenish soil nutrients. The fertilizer industry of the country plays a significant role in its economy and contributes approximately USD 23 billion to the economy annually. Fertilizers produced in Canada are exported to around 75 countries across the world.
Approximately 75% of the total application of fertilizer nitrogen takes place across three Prairie Provinces of Saskatchewan, Alberta, and Manitoba in Canada. Alberta contains one-third of the agricultural land in the country. The majority of the nitrogen fertilizers used in western Canada are ammonium based.
Fertilizers in the country are regulated under the Fertilizers Act and Regulations administered through the Canadian Food Inspection Agency to ensure that the products are safe, efficacious, and properly labeled.
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Our clientele includes a mix of nitrogenous fertilizer market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada nitrogenous fertilizer market , including forecasts for subscribers. This country databook contains high-level insights into Canada nitrogenous fertilizer market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada nitrogenous fertilizer market size, by product, 2018-2030 (US$M)
Canada Nitrogenous Fertilizer Market Outlook Share, 2022 & 2030 (US$M)
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