North America Nitrogenous Fertilizer Market Size & Outlook
North America nitrogenous fertilizer market, 2018-2030 (US$M)
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North America nitrogenous fertilizer market highlights
- The North America nitrogenous fertilizer market generated a revenue of USD 13,328.7 million in 2022.
- The market is expected to grow at a CAGR of 5.7% 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.
- Country-wise, U.S. is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 13,328.7 million |
| Market revenue in 2030 | USD 20,697.4 million |
| Growth rate | 5.7% (CAGR from 2022 to 2030) |
| Largest segment | Ammonia |
| 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, North America region accounted for 11.6% 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.
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Nitrogenous Fertilizer Market Scope
Nitrogenous Fertilizer Market Companies
| Name | Profile | # Employees | HQ | Website |
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North 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.
Ammonia was the largest segment with a revenue share of 30.11% in 2022. Horizon Databook has segmented the North 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.
The fertilizer production in North America is inadequate to cater to the domestic demand of the region. Thus, imports account for a significant share of this domestic consumption of fertilizers. According to the Food and Agriculture Organization, the ammonia supply capability of North America was 26, 250 thousand tons while the demand for nitrogen fertilizers was 24,564 thousand tons in 2020.
The region has the largest agriculture sector in the world. Changes in the crop production patterns of North America are influenced by its domestic population and urbanization.
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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 North America nitrogenous fertilizer market , including forecasts for subscribers. This continent databook contains high-level insights into North America nitrogenous fertilizer market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America nitrogenous fertilizer market
North America Nitrogenous Fertilizer Market Outlook Share, 2022 & 2030 (US$M)
North America nitrogenous fertilizer market
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