North America Urea Fertilizer Market is Expected to Reach $5,885.4 Million by 2019, at a CAGR of 2.8% From 2014 to 2019
24 Apr, 2015, 12:30 ET
FORT WORTH, Texas, April 24, 2015 /PRNewswire/ --
The North America urea fertilizers market is estimated to grow from $5,135.3 million in 2014 to $5,885.4 million by 2019, at a CAGR of 2.8% during the period under consideration.
Browse through the TOC of the report on the North America Urea Fertilizer Market, so as to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation in the North America Urea Fertilizer Market, and is supported by various tables and figures.
Early buyers will receive 10% customization on this report.
Fertilizers are used to aid the growth of crops, particularly when the soil lacks nutrients. Nitrogen is one of the key elements required for healthy crops. Crops that grow with the help of nitrogenous fertilizers usually have better and higher growth rates. This is because the nitrogen in the fertilizers assimilates into the chlorophyll, generating a better rate of photosynthesis for the plant. The use of nitrogenous fertilizers also gives crops better color and texture.
The North American urea fertilizers market is dominated by the U.S., followed by Canada. The U.S. is the biggest consumer of meat and meat products. Here, apart from consumption by humans, grains are also in demand to produce animal feed for the meat industry. The increased demand can only be met by increasing agricultural productivity, which can be achieved with the use of fertilizers for grain production.
Speak to Analyst @ http://www.micromarketmonitor.com/contact/9546995956-speak_to_analyst.html
Urea fertilizers are the most commonly used nitrogenous fertilizers due to the ease of synthesis and the easy availability of the raw materials. Factors such as increase in demand for food grains and the growing meat consumption are driving the North American market. Several companies such as CF Industries Holdings, Inc., Yara International ASA, Agrium Inc., and PotashCorp are investing in this growing market in order to gain higher profits and increase their share in the North American urea fertilizers market.
This report includes market share and value chain analyses, along with market metrics such as drivers and restraints. In addition, it also presents a competitive landscape by country and company profiles of the key players in this market.
Global Urea (Nitrogenous Fertilizers) Market has been pegged at $57,242m in the year 2013 growing at 1.9% annually and is projected to reach $63,010.1m by the end of the year 2018.
Ureas (Nitrogenous Fertilizers) constitute 56.1% of Global Nitrogenous Fertilizers market and are poised to grow its market share to 55.2% by the end of year 2018.
MicroMarket Monitor produces exclusive market research reports, based on real-time data to provide better understanding of the dynamic market conditions of the Agriculture industry. The reports offer in-depth and complete analysis of the regional and country level marketplaces. The research reports for Agriculture industry are updated on quarterly basis and are easily available for purchase through annual subscriptions.
About MicroMarket Monitor:
MicroMarket Monitor identifies and attends to various unmet needs of different industrial verticals, which include value chain impact analysis. The company publishes about 12000 Market Research Reports on various Micro Markets across the world. The graphical nature and multidimensional analysis of these reports provide advanced Business Intelligence Tools to the clients in that particular target market.
Mr. Chandrasekhar K.
5601 Bridge Street
Fort Worth, TX 76112
Email: [email protected]
SOURCE MicroMarket Monitor
Share this article