The Market for Nitrogenous Fertilizers in Grains & Oilseeds is Estimated Reach $69,127.4 Million by 2018 - New Report by MicroMarket Monitor
(PRWEB) September 29, 2014 -- Nitrogenous Fertilizers-Grains & Oilseeds market has been pegged at $61,529.5m in the year 2013 growing at 2.4% annually and is projected to reach $69,158.5m by the end of the year 2018.
Browse through the TOC of the Nitrogenous Fertilizers in Grains & Oilseeds market report, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation in this market, and is supported by various tables and figures.
Grains & Oilseeds such as Wheat, Rice, Maize, Soybeans, Barley, Sorghum, Sugarcane and Sunflower are the end users of the Nitrogenous Fertilizer market. Oilseeds and vegetable seeds are used to extract vegetable fats and oils which are known as lipids. Grains are dry seeds that are harvested for animal and human consumption as a source of carbohydrates for them. Nitrogenous Fertilizers are inorganic fertilizers that are added to crops and plants for their proper growth and development.
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The use of nitrogenous fertilizers in Grains & Oilseeds is growing due to increase in demand of major grains and oilseeds such as soybean, wheat and corn. The increase in demand for soybean is basically due to the diverse use of soybean crops such as soy milk, tofu, and biodiesel. Global acceptance of biotech treated soybeans in the recent times; the increasing oil prices and bio-fuel demand is driving the demand for soybean. Latin America is the fastest growing segment for grains & oilseeds.
Asia-Pacific is the leading market for the application of Nitrogenous Fertilizers in Grains & Oilseeds with $36,366.9 million in the year 2013, and Latin America is the fastest growing market with a CAGR of 3.4%, among all the other regions.
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This market is segmented and forecast on the basis of regions, such as North America, Europe, Asia-Pacific, Latin America, and Rest of the World (RoW).
This report also includes market share and value chain analyses, along with market metrics such as drivers & restraints. In addition, it presents a competitive landscape and company profiles of the key players in the market.
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