China Nitrogenous Fertilizer Market Size & Outlook
China nitrogenous fertilizer market, 2018-2030 (US$M)
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China nitrogenous fertilizer market highlights
- The China nitrogenous fertilizer market generated a revenue of USD 49,030.0 million in 2022 and is expected to reach USD 78,408.9 million by 2030.
- The China market is expected to grow at a CAGR of 6% from 2023 to 2030.
- In terms of segment, ammonia 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 49,030.0 million |
| Market revenue in 2030 | USD 78,408.9 million |
| Growth rate | 6% (CAGR from 2022 to 2030) |
| Largest segment | Ammonia |
| 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, China accounted for 42.8% 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 Asia Pacific, China nitrogenous fertilizer market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 28,538.3 million by 2030.
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Nitrogenous Fertilizer Market Scope
Nitrogenous Fertilizer Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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.
Ammonia was the largest segment with a revenue share of 43.88% in 2022. Horizon Databook has segmented the China 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.
China is the largest consumer of nitrogenous fertilizer in the world and accounts for one-third of the total global consumption. These fertilizers play a significant role in maintaining food security in the country by allowing a large increase in both grain and non-grain yields. Agricultural sector in China has been witnessing innovations and technological developments over the past few years.
Rice, wheat, barley, millets, soybeans, tomatoes, potatoes, peanuts, tea, and cotton are the key crops produced in the country. The expansion of fruit & vegetable acreage in the country has positive influence on the usage of nitrogen fertilizers as these crops tend to be more fertilizer intensive compared to grain crops.
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Target buyers of China nitrogenous fertilizer market databook
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China nitrogenous fertilizer market , including forecasts for subscribers. This country databook contains high-level insights into China nitrogenous fertilizer market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China nitrogenous fertilizer market size, by product, 2018-2030 (US$M)
China Nitrogenous Fertilizer Market Outlook Share, 2022 & 2030 (US$M)
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