Middle East & Africa Nitrogenous Fertilizer Market Size & Outlook
Middle East & Africa nitrogenous fertilizer market, 2018-2030 (US$M)
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MEA nitrogenous fertilizer market highlights
- The MEA nitrogenous fertilizer market generated a revenue of USD 5,537.6 million in 2022.
- The market is expected to grow at a CAGR of 5.6% 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, South Africa is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 5,537.6 million |
| Market revenue in 2030 | USD 8,554.0 million |
| Growth rate | 5.6% (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, MEA region accounted for 4.8% 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: U.S. , UK , Brazil , Turkey , South Africa
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Nitrogenous Fertilizer Market Scope
Nitrogenous Fertilizer Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 34.41% in 2022. Horizon Databook has segmented the Middle East & Africa 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 in the Middle East & Africa is underdeveloped as the region is mostly dry and faces water scarcity. South Africa and Kenya, as well as countries situated across the Mediterranean Sea region, are highly dependent on the agricultural sector for their economic stability.
The contribution of the agriculture sector to the economy of countries of the Middle East & Africa varies considerably. The agriculture sector in Sub-Saharan Africa has been adversely affected by climate change. As such, farmers in this region have adopted different technologies and practices to suit these climatic changes.
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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 continent-level data and insights on the Middle East & Africa nitrogenous fertilizer market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa nitrogenous fertilizer market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa nitrogenous fertilizer market
Middle East & Africa Nitrogenous Fertilizer Market Outlook Share, 2022 & 2030 (US$M)
Middle East & Africa nitrogenous fertilizer market
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