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Global Nitrogen Nutrients Market size is likely to witness a prominent CAGR in the forecast period. Nitrogen nutrients are essential micronutrients required for plant growth. <br><br>Get more details @ https://goo.gl/CjBBFt
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Nitrogen Nutrients Market Share, Growth, Analysis, Statistics, Trends, Forecast Report, 2024: Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024
Regional Analysis of Nitrogen Nutrients Market : • North America accounted for largest chunk of nitrogen nutrients market share in 2016 owing to the increased use of modernized technologies for agriculture and farming. The agricultural methods and practices have also transformed in this region, which are supportive for better product yield and thus, boost the overall product demand in the coming years. Both, Europe and North America are likely to witness considerable production capacity expansion over the forecast period. • Asia Pacific shall witness a sluggish growth owing to the major alterations in government policies regarding fertilizers production and use. For instance, China adopted zero-growth strategy that limits nutrients & fertilizers consumption up to 1% per year only, thereby affecting a widespread Asia Pacific nitrogen nutrients market share. It also recently seized its ammonia production units, amounting to 15 million tons, which ultimately had a major blow on nitrogen nutrients market in Asia Pacific.
Application Analysis of Nitrogen Nutrients Market : • Based on type of product, nitrogen nutrients market is classified into natural and synthetic sources. Natural source includes both plant and animal derived materials, whereas synthetic source includes processed mineral salts such as chilean nitrate. Natural is forecast to exhibit maximum gains over the forecast timeframe on account of its easy availability along with low cost. • The nitrogen nutrients market, based on product form is segmented into liquid and dry. The liquid segment held a major chunk of global market in 2016 owing to its easy availability and solubility in water. • The product is primarily used in agricultural industry in fertilizers, supplements and soil amendments applications. Approximately 70% of product demand for plants is met by fertilizers across the globe. Thus, it accounted for largest share in global nitrogen nutrients market in 2016 in terms of revenue. Soil amendment chemicals include soil softeners and conditioners that improve texture, fertility and other physical qualities of soil.
Competitive Market Share of Nitrogen Nutrients Market : • The prominent nitrogen nutrients market share contributors functional are PotashCorp, K+S AKTIENGESELLSCHAFT, Mosaic, CF Industries, Belaruskali, Conklin Company Partners Inc. and Agro-Culture Liquid Fertilizers, The Scotts Miracle-Gro Company, Alpine Solutions Corporation, Grassland Agro Limited, Yara International ASA, Miller Seed Company, Nachurs Alpine Solutions Corp, StollerUsa Inc. and EC Grow. Product manufacturers are conducting research & development so as to make farmers aware regarding the usage of the product in soil enhancement.
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