Nitrogen Nutrients Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024
Nitrogen is considered as one of the essential macro nutrient for plant growth and reproduction. It is considered as the fundamental part of chlorophyll, and when leaves contain sufficient nitrogen it results in a higher rate of photosynthesis. Nitrogen is also considered as the basic element of animal and plant proteins which also includes genetic material such as RNA and DNA and is also important in periods of rapid plant growth. Deficiency of nitrogen in plants results in the decline in crop quality. In cereals nitrogen deficiency results to discoloration of the leaves, slender stalks, short heads and grains with low protein content. Field deficiency of nitrogen can either be patchy in appearance depending upon the cause of deficiency of nitrogen.
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Nitrogen is found abundance and it comprises of seventy eight percent of earth’s atmosphere in the form of nitrogen gas. Nitrogen gas is converted into ammonia that is required by the plants with the help of nitrogen fixing bacteria or complex chemical processes. The fixation bacteria releases nitrogen atoms which gets converted into ammonia. Nitrogen from air and hydrogen from natural gas are combined together to produce ammonia at high temperatures. The ammonia can be later used directly or are further processed into other nitrogen fertilizers. Legumes which include alfalfa and beans grow as nodules on their roots.
Nitrogen fixing bacteria like rhizobia leave in this root nodules and later are converted into atmospheric nitrogen. Farmers take advantage of the symbiotic relationship by growing legumes periodically in the soil which are nitrogen deficient to boost nutrient levels naturally. Plants absorb nitrogen which are water soluble. Crop experts ensure that the crops receive optimum amounts of nitrogen for better productivity. Nitrogen can be applied on various crops namely fruits and vegetables, cereals and forage and turf grasses. Manufactures engage on continuous research and development in order to ensure awareness among farmers regarding the benefits of the usages of nitrogen nutrients. By forms the market has been segmented into liquid and dry. Liquid segment captured the global nitrogen nutrients market due to its easy availability and soluble properties in water.
Increased area under turf grasses and forage coupled with wide applications nitrogen nutrients upon crops is driving the global nitrogen nutrient market at present and the impact of this driver is expected to remain the same during the forecast period.
However, high cost associated with development of new products coupled with limited usages of nitrogen due to lack of awareness regarding the benefits of nitrogen nutrients is a major factor barring the growth of the market at present. Further, abundance of nitrogen slows down root growth and stimulates rapid shoot growth coupled with depletion of plants carbohydrate reserves.
However, improvement in pasture production across all regions and inclination towards increasing consumption trends of fertilizers to ensure better crop productivity is expected to pose as a suitable growth opportunity for the nitrogen nutrients market.
Based on geography, the market has been segmented into North America, Europe, Asia Pacific, Middle East and Africa and Latin America. North America captured the largest market share of global nitrogen nutrients market due to improvement in agricultural methods by the use of modernized technologies. Asia Pacific showed the fastest growth owing to the high adoption rate of nitrogen nutrients as fertilizers and also due to the presence of emerging economies such as China and India.
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Global key participants in the industry include Agrium Inc., CHS Inc., StollerUsa Inc., Nachurs Alpine Solutions Corp, Conklin Company Partners Inc., Helena Chemical Company, Miller Seed Company, Grassland Agro Ltd., Agro-Culture Liquid Fertilizers, EC Grow, Yara International ASA,The Scotts Miracle-Gro Company,Alpine Solutions Corp.
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