LONDON, Nov. 12, 2015 /PRNewswire/ -- The North American nitrogenous fertilizers market is estimated to grow at a CAGR of 2.6% from 2014 to 2019. The extensive use of bio fuels has increased the demand for fertilizers and is driving the growth of the North American nitrogenous fertilizers market.
The high consumption of meat and meat products has been driving the high use of fertilizers in North America as it increases the demand in animal feed and feed products.
The report consists of an in-depth study of the North American nitrogenous fertilizers market and its application in grain and oilseeds, fruits and vegetables, and other crops. In North America, nitrogenous fertilizers are majorly used in grains and oilseed to meet domestic consumption and export demand. The grain and oilseed application has a huge share of 58.89% of the total North American nitrogenous fertilizers market.
The U.S. is the largest country in North America, having a market share of 68.49% of the total North America nitrogenous fertilizers market. The major nitrogenous fertilizers producers have been targeting the Canada and Mexico markets, which are the significant markets after the U.S. Canada is estimated to grow at a higher CAGR% than the other North American countries.
Every small and large player wants to acquire a major share in the North American nitrogenous fertilizers market in the world. This highly fragmented market is led by CF Industries (U.S.). The other companies present in the North American market and expecting to expand its operations are Eurochem (Russia), Bunge (U.S.), and Agrium Inc. (Canada).
Reasons to Buy the Report:
From an insight perspective, this research report has focused on various levels of analysis?industry analysis, market share analysis of top players, company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging- and high-growth segments of the North American nitrogenous fertilizers market, high-growth regions and countries and their respective regulatory policies, government initiatives, drivers, restraints, and opportunities.
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help the firms in garnering a greater market share. Firms purchasing the report could use any one or combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market share.
The report provides insights on the following pointers:
? Market Penetration: Comprehensive information on nitrogenous fertilizers offered by the top 10 players in the North American nitrogenous fertilizers market .
? Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the North American nitrogenous fertilizers market.
? Market Development: Comprehensive information about lucrative and emerging markets. The report analyzes the market of nitrogenous fertilizers across North America.
? Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the North American nitrogenous fertilizers market.
? Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the North American nitrogenous fertilizers market.
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