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Nitrification & Urease Inhibitors Market - Forecast(2023 - 2028)
Nitrification & Urease Inhibitors Market Overview
The Nitrification & Urease Inhibitors Market size is estimated to reach US$1,855.5 million by 2027, after growing at a CAGR of 2.6% during the forecast period 2022-2027. Nitrification & Urease Inhibitors are the chemical compounds such as nitrapyrin,
N-(n-butyl) thiophosphorictriamide (NBPT) and dicyandiamide that are used in fertilizers
to reduce nitrate loss in soil & improve its quality. Their ability to prevent
soil from denitrification and leaching is driving their demand in the agriculture
sector which further boosts Nitrification & Urease Inhibitors Market growth.
Rapid population growth has increased the consumption scale of food items,
thereby increasing agricultural production. According
to the United States Department of Agriculture, in 2022, wheat production in
Canada is projected to grow by 3%. In addition to this, rapid growth in
horticulture and the usage of new fertigation technologies are driving the Nitrification & Urease Inhibitors industry. However, regulations regarding
chemical usage in fertilizers can hamper the Nitrification & Urease Inhibitors Market size during the forecast period. COVID-19 negatively impacted
the Nitrification & Urease Inhibitors industry outlook, as there was a drop
in their market revenue resulting from lockdown restrictions.
Nitrification & Urease Inhibitors Market Report Coverage
The “Nitrification & Urease Inhibitors Market Report – Forecast (2022 – 2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Nitrification & Urease Inhibitors Industry.
By Product
Type: Nitrification Inhibitor [Dicyandiamide (DCD), Nitrapyrin
and Pronitradine] and Urease Inhibitor [N-(n-butyl) thiophosphoric triamide
(NBPT), N-(n-propyl) thiophosphoric triamide (NPPT)].
By Method: Fertigation
and Foliar
By Application: Top
Dressing and Soil & Leaf Fertilization.
By End-use Industry: Food
Crop, Cash Crop, Fibre Crop and Horticulture.
By Geography: North
America (the USA, Canada and Mexico), Europe (the UK, Germany, France, Italy, the Netherlands, Spain, Belgium and the Rest of Europe), Asia-Pacific (China,
India, Japan, South Korea, Australia, New Zealand, Indonesia, Taiwan, Malaysia
and the Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and the Rest
of South America) and the Rest of the World (the Middle East and Africa).
Key Takeaways
- Asia-Pacific dominates the Nitrification & Urease Inhibitors industry because of the rapidly growing agriculture production in the region. According to India’s Ministry of Agriculture, in 2021, vegetable production stood at 204.61 million tons, showing a 2% increase from 2020.
- The growing usage of new technologies in the fertigation process has positively impacted the usage of Nitrification and Urea Inhibitors, thereby positively impacting the Nitrification & Urease Inhibitors Industry outlook.
- Stringent regulations regarding nitrogen-based fertilizers usage in agricultural farmlands can impact their market growth. They may affect the Nitrification & Urease Inhibitors Market size during the forecast period.
Figure: Nitrification & Urease Inhibitors Market Revenue Share by Geography, 2021 (%)
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Nitrification & Urease Inhibitors Market Segment Analysis – by Product Type
Nitrification
Inhibitor held the largest share of the Nitrification & Urease Inhibitors Market in 2021 and is estimated to grow at a CAGR of 3.0% during the
forecast period 2022-2027. Nitrification inhibitors such as nitrapyrin and dicyandiamide have wide usage in agrochemicals and bactericides as they
minimize nitrogen leaching in the soil to enhance crop fertility and crop
yield. Unlike N-(n-butyl) thiophosphorictriamide (NBPT), nitrapyrin is very
persistent and can be used in cool soil also to maintain its quality. Raid
development in agriculture production has boosted nitrification inhibitor
usage, thereby improving its segmental growth in the Nitrification & Urease Inhibitors Market.
Nitrification & Urease Inhibitors Market Segment Analysis – by End-use Industry
Food crop held
the largest share of the Nitrification & Urease Inhibitors Market in
2021 and is estimated to grow at a CAGR of 2.5% during the forecast period
2022-2027. Inhibitors such as nitrapyrin, dicyandiamide and N-(n-butyl)
thiophosphorictriamide (NBPT) have high applicability in improving the food
crops production, as they retain the essential nutrients required for the growth
of fruits and vegetables. Food crops have increased significantly over
the years due to growing food demand resulting from population growth and an increase in disposable income. According to the 2021 report by the
Food and Agriculture Organization, the production of primary fruits was 9.4
billion tons in 2019, showing a 53% increase from 2000. Also, according to the
same report, global vegetable production went up to 1128 million tons in 2019, showing an increase of up to 65%. Such an increase in production has boosted
the growth of the Nitrification & Urease Inhibitors Market.
Nitrification & Urease Inhibitors Market Segment Analysis – by Geography
Asia-Pacific held dominated the Nitrification & Urease Inhibitors Market with a share of up to 44%. The region is the major hub
for the agriculture sector and on account of growing government policies and
investment inflows, the production scale has grown in major Asia-Pacific
countries. According to the Indian Brand Equity Foundation, in
2021, India’s agriculture activities recorded a 3.9% growth in comparison to the
previous year. Furthermore, according to the
U.S. Department of Food and Agriculture, in 2021, China’s wheat production stood at 136
million metric tons, showing an increase of 2% in comparison to 2020. With a
robust growth of agricultural production in such major crop-producing
Asia-Pacific countries, the demand for Nitrification & Urease Inhibitors for
improving soil quality is also anticipated to increase. This further boosts the Nitrification & Urease Inhibitors Market growth.
Technological
advancement has revolutionized agriculture activities by introducing more
efficient tools and techniques relating to fertigation and irrigation that
improve farm productivity. For instance, according to the statement of
Soilgenic Technologies LLC, in June 2022, the company launched next-generation, enhanced efficiency fertilizer technologies for urea. Furthermore, in July
2021, RainAg and Moleaer announced a nanotube-infused fertigation technique to
improve crop yield. Such launches of advanced fertigation technologies would boost the demand and usage of Nitrification & Urease Inhibitors, thereby
accelerating their market growth during the forecast period.
Nitrification & Urease Inhibitors Market Challenges
Stringent Government Regulations:
Nitrification & Urease Inhibitors have high applicability in agrochemicals. However, such fertilizers are nitrogen-based and their excessive usage can lead to water
pollution. To prevent such events, certain regulations have been imposed
by the governing authorities. For instance, the Groundwater Protection Rule by the
US EPA and the National Standard Guidelines of China for Agrochemicals impose certain restrictions regarding the usage of chemicals in fertilizers. Such
regulations can hamper the Nitrification & Urease Inhibitors Market size
during the forecast period by restraining their usage in agriculture activities.
Nitrification & Urease Inhibitors Market Drivers
Bolstering Growth in Horticulture:
Nitrification & Urease Inhibitors, being effective fertilizers, hold major uses in
horticulture which requires rapid use of insecticides to control a variety of
agricultural pests that can damage crops and reduce farm productivity. The high
demand for fruits and vegetables that provide critical nutrients for a
balanced diet is increasing horticulture production. According to
the Agriculture Ministry of India, the
horticulture production in India was 330 million tons in 2020, showing an
increase of 3% from 2019. Furthermore, according to the U.S. Department of
Agriculture, in 2022, horticulture crop production is projected to increase by
1.4% in the U.S. Such an increase in horticulture production would propel the
growth of the Nitrification & Urease Inhibitors industry during the forecast
period.
Launches of Modern Technologies for Fertigation:
Nitrification & Urease Inhibitors Industry Outlook
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Nitrification & Urease Inhibitors Market. The top 10 companies in the Nitrification & Urease Inhibitors Market are:
- BASF SE
- DowDuPont
- Solvay S.A
- Evonik
- National Fertilizers Limited
- Nico Orgo Manures
- Koch Fertilizers LLC
- Dow AgroSciences
- Compo Expert GmbH
- Eco Agro
Recent Developments
- In June 2021, IFFCO launched nano urea in liquid form as an alternative to conventional urea inhibitors. The new alternative has more efficiency and less biotoxicity which would stimulate the demand for fertilizers usage.
- In February 2020, BASF SE developed a new range of DMPP nitrification inhibitors which have the advantage of effectively regulating the conversion of soil nitrogen, thereby improving the yield and quality of crops.
- In September 2019, Koch Agronomic Services LLC expanded its nitrification inhibitors business in Canada by establishing its new product CENTURO. Such a strategy has enabled the company to expand its presence in the nitrification inhibitors products market.
Relevant Reports
Report Code: CMR 1375
Report Code: CMR 0542
Report Code: CMR 0115
For more Chemicals and Materials Market reports, please click here
1. Nitrification & Urease Inhibitors Market - Market Overview
1.1 Definitions and Scope
2. Nitrification & Urease Inhibitors Market - Executive Summary
2.1 Key Trends by Product Type
2.2 Key Trends by Method
2.3 Key Trends by Application
2.4 Key Trends by End-use Industry
2.5 Key Trends by Geography
3. Nitrification & Urease Inhibitors Market – Comparative analysis
3.1 Market Share Analysis - Major Companies
3.2 Product Benchmarking - Major Companies
3.3 Top 5 Financials Analysis
3.4 Patent Analysis - Major Companies
3.5 Pricing Analysis (ASPs will be provided)
4. Nitrification & Urease Inhibitors Market - Startup companies Scenario Premium Premium
4.1 Major startup company analysis:
4.1.1 Investment
4.1.2 Revenue
4.1.3 Product portfolio
4.1.4 Venture Capital and Funding Scenario
5. Nitrification & Urease Inhibitors Market – Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing Business Index
5.3 Successful Venture Profiles
5.4 Customer Analysis – Major companies
6. Nitrification & Urease Inhibitors Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porter's Five Force Model
6.3.1 Bargaining Power of Suppliers
6.3.2 Bargaining Powers of Buyers
6.3.3 Threat of New Entrants
6.3.4 Competitive Rivalry
6.3.5 Threat of Substitutes
7. Nitrification & Urease Inhibitors Market – Strategic Analysis
7.1 Value/Supply Chain Analysis
7.2 Opportunity Analysis
7.3 Product/Market Life Cycle
7.4 Distributor Analysis – Major Companies
8. Nitrification & Urease Inhibitors Market – by Product Type (Market Size - US$ Million/Billion)
8.1 Nitrification inhibitor
8.1.1 Dicyandiamide (DCD)
8.1.2 Nitrapyrin
8.1.3 Pronitradine
8.2 Urease Inhibitor
8.2.1 N-(n-butyl) thiophosphoric triamide (NBPT)
8.2.2 N-(n-propyl) thiophosphoric triamide (NPPT)
9. Nitrification & Urease Inhibitors Market – by Method (Market Size - US$ Million/Billion)
9.1 Fertigation
9.2 Foliar
10. Nitrification & Urease Inhibitors Market – by Application (Market Size - US$ Million/Billion)
10.1 Top Dressing
10.2 Soil & Leaf Fertilization
11. Nitrification & Urease Inhibitors Market - by End-use Industry (Market Size - US$ Million/Billion)
11.1 Food Crop
11.2 Cash Crop
11.3 Fibre Crop
11.4 Horticulture
12. Nitrification & Urease Inhibitors Market - by Geography (Market Size - US$ Million/Billion)
12.1 North America
12.1.1 The USA
12.1.2 Canada
12.1.3 Mexico
12.2 Europe
12.2.1 The UK
12.2.2 Germany
12.2.3 France
12.2.4 Italy
12.2.5 The Netherlands
12.2.6 Spain
12.2.7 Belgium
12.2.8 The Rest of Europe
12.3 Asia-Pacific
12.3.1 China
12.3.2 Japan
12.3.3 India
12.3.4 South Korea
12.3.5 Australia and New Zealand
12.3.6 Indonesia
12.3.7 Taiwan
12.3.8 Malaysia
12.3.9 The Rest of APAC
12.4 South America
12.4.1 Brazil
12.4.2 Argentina
12.4.3 Colombia
12.4.4 Chile
12.4.5 The Rest of South America
12.5 The Rest of the World
12.5.1 The Middle East
12.5.1.1 Saudi Arabia
12.5.1.2 The UAE
12.5.1.3 Israel
12.5.1.4 The Rest of the Middle East
12.5.2 Africa
12.5.2.1 South Africa
12.5.2.2 Nigeria
12.5.2.3 The Rest of Africa
13. Nitrification & Urease Inhibitors Market – Entropy
13.1 New Product Launches
13.2 M&As, Collaborations, JVs and Partnerships
14. Nitrification & Urease Inhibitors Market – Industry/Competition Segment Analysis Premium
14.1 Company Benchmarking Matrix – Major Companies
14.2 Market Share at Global Level - Major companies
14.3 Market Share by Key Region - Major companies
14.4 Market Share by Key Country - Major companies
14.5 Market Share by Key Application - Major companies
14.6 Market Share by Key Product Type/Product category - Major companies
15. Nitrification & Urease Inhibitors Market – Key Company List by Country Premium Premium
16. Nitrification & Urease Inhibitors Market Company Analysis - Business Overview, Product Portfolio, Financials and Developments
16.1 Company 1
16.2 Company 2
16.3 Company 3
16.4 Company 4
16.5 Company 5
16.6 Company 6
16.7 Company 7
16.8 Company 8
16.9 Company 9
16.10 Company 10 and more
* "Financials would be provided to private companies on best-efforts basis."
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