Mexico Nitrogenous Fertilizer Market Size & Outlook
Mexico nitrogenous fertilizer market, 2018-2030 (US$M)
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Mexico nitrogenous fertilizer market highlights
- The Mexico nitrogenous fertilizer market generated a revenue of USD 1,213.9 million in 2022 and is expected to reach USD 1,799.0 million by 2030.
- The Mexico market is expected to grow at a CAGR of 5% 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 1,213.9 million |
| Market revenue in 2030 | USD 1,799.0 million |
| Growth rate | 5% (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, Mexico accounted for 1.1% 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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Mexico 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 57.06% in 2022. Horizon Databook has segmented the Mexico 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.
Chemically synthesized fertilizers have widespread usage in Mexico. Corn and soybean are the largest consumers of nitrogenous fertilizers in the country. Mexico imports urea from various countries such as Russia, China, Indonesia, Ukraine, and Iran while aluminum sulfate is largely imported from Belgium.
Factors such as the capitalization of indigenous raw material deposits and the rapidly expanding domestic fertilizer market in Mexico are anticipated to fuel the growth of nitrogenous fertilizer market in the country in the coming years.
Increasing production of natural gas and improving manufacturing processes are expected to fuel the manufacturing of ammonia and nitrogen fertilizers in the country, thereby having a positive impact on the growth of nitrogenous fertilizer market in Mexico 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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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 Mexico nitrogenous fertilizer market , including forecasts for subscribers. This country databook contains high-level insights into Mexico nitrogenous fertilizer market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico - north america nitrogenous fertilizer market size, by product, 2018-2030 (US$M)
Mexico Nitrogenous Fertilizer Market Outlook Share, 2022 & 2030 (US$M)
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