Urea Based Compound Fertilizer Market Key Highlights:
Market Size (2023): USD 1,035 Million
Projected Market Size (2034): USD 1,495 Million
CAGR (2023-2034): 3.4%
Pricing Analysis:
Price Growth
Regional Variations
Volume Analysis:
2023 to 2034 Volume
Import-Export Data
Major Importers
Major Exporters
Market Historic Sales
Total sales volume, year-over-year growth, product categories, and market share.
Urea Based Compound Fertilizer Market Definition
Urea based compound fertilizer is both a fertilizer and an additive to animal feed. It provides nitrogen to plants to improve their growth, quality, and overall health. Urea also aids the photosynthesis process of plants. It is widely used to enhance the growth of various field crops and cash crops.
Structure
The urea based compound fertilizer market is divided by type into high tower granulation and others. The fertilizer has applications in grain, fruits and vegetables, and other industries. Notable companies in the market are QAFCO, CF Industries, SABIC, Yangmei Chemical, Yara, Nutrien, Koch Fertilizer, EuroChem, China XLX Fertilizer, and CVR Partners, LP.
Additional Information
The urea based compound fertilizer market is growing substantially due to a rise in agricultural production as the demand for plant-based products grows and subsidies are offered by governments in emerging economies such as India. Unfortunately, urea based compound fertilizers lead to soil acidification, which makes soil less fertile over time, and nitrogen volatilization, which can lead to nutrient loss if not managed carefully. These fertilizers can also create toxic zones and cause skin, eye, and respiratory tract irritations. Despite this, innovations in the composition and new compounds added to these fertilizers are set to increase the overall crop yield, creating opportunities for businesses in the market.
Urea Based Compound Fertilizer Market Segmentation:
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Actionable Solutions
