Germany Nitrogenous Fertilizer Market Size & Outlook
Germany nitrogenous fertilizer market, 2018-2030 (US$M)
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Germany nitrogenous fertilizer market highlights
- The Germany nitrogenous fertilizer market generated a revenue of USD 1,647.2 million in 2022 and is expected to reach USD 2,830.9 million by 2030.
- The Germany market is expected to grow at a CAGR of 7% from 2023 to 2030.
- In terms of segment, ammonium nitrate 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 1,647.2 million |
| Market revenue in 2030 | USD 2,830.9 million |
| Growth rate | 7% (CAGR from 2022 to 2030) |
| Largest segment | Ammonium nitrate |
| 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, Germany accounted for 1.4% 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 Europe, France nitrogenous fertilizer market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 2,830.9 million by 2030.
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Nitrogenous Fertilizer Market Scope
Nitrogenous Fertilizer Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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.
Ammonium nitrate was the largest segment with a revenue share of 35.63% in 2022. Horizon Databook has segmented the Germany 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.
Germany owns the fourth-largest agriculture sector in the European Union. Wheat, barley, corn (maize), and sugar beets are the key crops produced in Germany. According to FAO, the farming area accounts for a share of 51% of the overall agricultural land in the country while forests cover 30% land. There are many regional variations in the structure of farms in Germany.
For instance, the country has very large cooperatives located in the eastern states and small individual family farms located in the southern states. Urea fertilizer is relatively cheap and widely used in Germany. Factors such as use of nitrogen fertilizers to achieve higher yields of quality crops, maintain soil fertility, and provide sufficient plant nutrition is expected to have a positive influence on the market in the coming years.
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Our clientele includes a mix of nitrogenous fertilizer market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany nitrogenous fertilizer market , including forecasts for subscribers. This country databook contains high-level insights into Germany nitrogenous fertilizer market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany nitrogenous fertilizer market size, by product, 2018-2030 (US$M)
Germany Nitrogenous Fertilizer Market Outlook Share, 2022 & 2030 (US$M)
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