Nitrification and Urease Inhibitors Market Size Share Trends Growth Opportunities Report 2022-2029 | DataM Intelligence
Nitrification and Urease Inhibitors Market Overview Analysis:
According to the research report published by DataM Intelligence, The global Nitrification and Urease Inhibitors Market is valued at USD 2,022.50 million in 2021 and is estimated to reach USD 3,234.50 million by 2029, at a CAGR of 6.37% during the forecast period 2022-2029.
Nitrogen is the key plant nutrient in that it plays a vital role in plant growth, yield, and quality of the produce. Farming communities have been using large quantities of nitrogen in all categories of crops.
However, loss of nitrogen content even before reaching the plant is the primary challenge in the application of nitrogen fertilizer. Volatilization loss, denitrification, and leaching cause significant loss, thus violating the ‘law of minimum application’. The application of nitrogen stabilizers such as inhibitors reduces these losses. Also, these are proven to increase the yield of several crops.
Nitrification and urease inhibitors are chemical compounds that act as nitrogen stabilizers. These solutions are added as additives to nitrogen fertilizers to reduce the loss of N-content in soil and atmosphere. Nitrogen loss has been the primary challenge of fertilization in agricultural practices. A significant portion of the applied nitrogen is lost through ammonia volatilization, leaching, denitrification, and several other processes. Nitrogen stabilizers are the effective solution to reduce these losses.
Proper addition of nitrification and urease inhibitors to nitrogen fertilizers is proven to increase the availability of N to plants over a long duration, thereby reducing input costs and increasing overall yield.
North America is an early adopter of nitrification and urease inhibitors. The farming communities in the U.S. and Canada are highly aware of the potential benefits of these chemicals and their pivotal role in improving productivity.
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Market Dynamics:
Rising utilization of controlled-release fertilizers, which is beneficial in a few applications with lengthy contact to fertilizers, and widespread utilization of agricultural land coupled with the main concentration on higher yield from the agricultural field, is estimated to drive the nitrification and urease inhibitors market.
With the acceptance of the modern farming technique worldwide, the demand for nitrification and urease inhibitors has enlarged to enhance crop yield effective use of nitrogen, which is considered a key factor for the rising demand for nitrification and urease inhibitors market.
Nitrification inhibitors lower the nitrification of used nitrogen to the various crop and vegetables by temporarily reducing the oxidation of ammonium nitrogen.
Nitrification and urease inhibitors are very effective in lowering environmental issues related to nitrate in agricultural soils and increasing fertilizer nitrogen efficiency.
Market Opportunities:
The ability to improve soil nutrient absorption and enhance crops growth. The utilization of largescale of various nitrogen fertilizers for cultivating several crops and enhancing the yield of crops.
Utilization of urea without nitrification and urease inhibitors the loss of nitrogen and emission of ammonia is higher than ureas without nitrification and urease inhibitors. Hence, the farmers have applied 2-3 doses of nitrogen fertilizers to the improve growth and yield of crops.
Market Segmentation:
By Type:
- Type of Nitrification Inhibitor
- Type of Urease Inhibitors
- Others
By Nutrient:
- Nitrogen
- Ammonia
- Nitrate
- Urea
- Others
By Crops:
- Cereals
- Millets & Oilseeds
- Cotton
- Fruits & Vegetables
- Plantation Crops
- Pulses
- Others
Regional Insights:
North America is estimated to account for the highest share in the global market in 2020. The North American nitrification and urease inhibitors market is estimated to grow with a CAGR of 6.02% during the forecast period.
The United States is expected to dominate the market with a decent share in the year 2020. The major market drivers in the US are the easy application and the availability of nitrification inhibitors. Additionally, the high adoption of precision agriculture technology drives market growth, as the use of variable rate technology (VRT) requires liquid fertilizers.
On the other hand, Mexico’s nitrification and urease inhibitors market is expected to grow with a CAGR of 4 % during the forecast period.
The European market accounted for a share of 20% in 2020. Europe nitrification and urease inhibitors market is expected to reach a market value of USD XX in 2028, from its recorded value of USD 494.04 million in 2020.
The population in the Asia-Pacific region is increasing at a rapid rate. This growing population is adding to the food demand. Supplying food to this growing population has become a threat.
Major Players Profiled in the Global Market:
- BASF SE
- Compo Expert Gmbh
- Dow AgroSciences
- DowDuPont Inc
- Eco Agro
- Evonik
- Koch Fertilizer, LLC
- National Fertilizers Limited
- Nico Orgo Manures
- Solvay SA
- Zhejiang Aofutuo Chemical Co., Ltd.
- Others
Related Reports:
Nitrification Inhibitors Market
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