Key players in the North America Urea Fertilizer Market include CF Industries Holdings, Inc., Yara International ASA, Agrium Inc., and PotashCorp.
(PRWEB) April 28, 2015
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 North America Urea Fertilizer Market for an analysis of industry trends and segments, with the help of various tables and figures.
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.
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.
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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.
Latin America Urea Fertilizers Market
The Latin America urea fertilizers market is estimated to grow at a CAGR of 3.0% from 2014 to 2019. The demand for urea fertilizers has continued to remain robust across all regions. This is because of the constantly rising grain prices in recent years, which have encouraged farmers to maximize yield. Additionally, the increase in income has made fertilizers more affordable.
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