Latin America Nitrogenous Fertilizer Market Size & Outlook
Latin America nitrogenous fertilizer market, 2018-2030 (US$M)
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Latin America nitrogenous fertilizer market highlights
- The Latin America nitrogenous fertilizer market generated a revenue of USD 8,875.8 million in 2022.
- The market is expected to grow at a CAGR of 5.7% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 8,875.8 million |
| Market revenue in 2030 | USD 13,855.8 million |
| Growth rate | 5.7% (CAGR from 2022 to 2030) |
| Largest segment | Urea |
| Fastest growing segment | Ammonia |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, Latin America region accounted for 7.7% of the global nitrogenous fertilizer market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 15,590.6 million by 2030.
Key Regions: Brazil , U.S. , UK , Colombia , Canada
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Nitrogenous Fertilizer Market Scope
Nitrogenous Fertilizer Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America 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 38.88% in 2022. Horizon Databook has segmented the Latin America 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.
According to the Food and Agriculture Organization, the ammonia supply capability of Central & South America was 10,946 thousand tons while the demand for nitrogen fertilizers from the region was 9,863 thousand tons in 2020. Central & South America is one of the leading exporters of food and agricultural commodities in the world.
The region is marked by the presence of significant unexploited agricultural land. The major crops grown in Central & South America are corn, soybeans, pineapples, sugarcane, coffee, etc. This region has one of the most complex and diverse ranges of farming systems in the world owing to its rich biodiversity, varied topography, and enormous latitudinal range.
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Our clientele includes a mix of nitrogenous fertilizer market companies, investment firms, advisory firms & academic institutions.
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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 continent-level data and insights on the Latin America nitrogenous fertilizer market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America nitrogenous fertilizer market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America nitrogenous fertilizer market
Latin America Nitrogenous Fertilizer Market Outlook Share, 2022 & 2030 (US$M)
Latin America nitrogenous fertilizer market
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