FORT WORTH, Texas, May 18, 2015 /PRNewswire/ --
The nitrogenous fertilizers market in North America is estimated to grow from around $15,725.91 million in 2014 to $ 17,897.19 million by 2019, at a CAGR of 2.6% from 2014 to 2019.
Browse through the TOC of the North America Nitrogenous Fertilizers Market report, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation in the North America Nitrogenous Fertilizers Market, and is supported by various tables and figures.
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The growing population coupled with the increase in per capita consumption has raised the overall demand for agricultural commodities. The rising demand of food can be met by increasing the agricultural productivity. This has encouraged farmers to incorporate nitrogenous fertilizers for increasing farm productivity, thereby driving the growth of the nitrogenous fertilizers market.
In 2014, the U.S. is the largest nitrogenous fertilizers market by value, followed by Canada and Mexico. Canada has the highest CAGR% among the North American countries for the estimated period. There has been an increasing thrust on the use of fertilizers for producing bio-fuels. This has led to an increase in the demand of fertilizers. Corn is used as a raw material for production of renewable fuels. Considering the lucrative market of corn, there has been an increase in its production, justifying the rising demand for nitrogen fertilizers. Corn and soybean oil are the main feedstock for producing bio-fuels.
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The nitrogenous fertilizers market is segmented and projected on the basis of applications such as grains and oilseeds, fruits and vegetables, and rest (crops). The nitrogenous fertilizers market in North America has been further analyzed by types of nitrogenous fertilizers used in North America such as Ammonium Fertilizers, Ammonium Nitrate Fertilizers, Ammonium Sulfate Fertilizer, Calcium Ammonium Nitrate Fertilizers, Urea, and others. The North American nitrogenous fertilizers market has been segmented and forecasted on the basis of major countries, such as the U.S., Canada, and Mexico.
This report also comprises market share, supply chain and value chain analyses, and market metrics such as drivers and restraints. In addition, it also presents a country-level competitive landscape and company profiles of key players in the North American nitrogenous fertilizers market.
Nitrogenous Fertilizers Market in Fruits & Vegetables has been pegged at $15,896.9m in the year 2013 growing at 2.0% annually and is projected to reach $17,591.6m by the end of the year 2018.
Nitrogenous Fertilizers-Fruits & Vegetables constitute 15.6% of Global Nitrogenous Fertilizers market and are poised to grow its market share to 15.4% by the end of year 2018.
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SOURCE MicroMarket Monitor