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Base Year
Historical Year
Forecast Year
The global nitric acid and ammonium nitrate-based fertilizer products market reached approximately 21.40 million tons in 2024. The market is projected to grow at a CAGR of 3.7% between 2025 and 2034, reaching a value of around 29.55 million tons by 2034.
Global Nitric Acid and Ammonium Nitrate Based Fertilizer Products Market Report Summary | Description | Value |
Base Year | Million Tonnes | 2023 |
Historical Period | Million Tonnes | 2018-2024 |
Forecast Period | Million Tonnes | 2025-2034 |
Market Size 2024 | Million Tonnes | 21.40 |
Market Size 2034 | Million Tonnes | 29.55 |
CAGR 2018-2024 | Percentage | XX% |
CAGR 2025-2034 | Percentage | 3.7% |
CAGR 2025-2034 - Market by Region | Asia Pacific | 4.7% |
CAGR 2025-2034 - Market by Country | India | 5.4% |
CAGR 2025-2034 - Market by Country | China | 4.5% |
CAGR 2025-2034 - Market by Product Type | Nitric Acid | 4.1% |
CAGR 2025-2034 - Market by Application | Agriculture | 4.0% |
Market Share by Country 2023 | USA | XX% |
The global nitric acid and ammonium nitrate-based fertilizer products market value is increasing amid the growing emphasis of developing countries on boosting self-sufficiency in foodgrain production. Nitrogenous fertilizer products ensure a steady supply of nitrogen to plants, which is critical to produce proteins, amino acids, and DNA.
With the growing trend of sustainability, an increasing number of farmers are turning away from chemical fertilisers and seeking natural methods of nitrogen fixation for plants to facilitate their growth. As per the World Bank, over 200 million people worldwide are facing a condition of acute food insecurity due to war and famine-like conditions. Government initiatives to supply these products at a subsidised rate to boost crop cultivation are expected to drive nitric acid and ammonium nitrate-based fertilizer products demand in the forecast period.
CAGR 2025-2034 - Market by | Product Type |
Nitric Acid | 4.1% |
Ammonium Nitrate | 3.8% |
Others | 3.5% |
CAGR 2025-2034 - Market by | Application |
Agriculture | 4.0% |
Horticulture | 3.9% |
Turf and Ornamental | 3.5% |
Others | 3.3% |
CAGR 2025-2034 - Market by | Region |
Asia Pacific | 4.7% |
Middle East and Africa | 3.9% |
Latin America | 3.5% |
North America | 3.0% |
Europe | 2.8% |
USA: Projected to grow at a CAGR of 3.0%, driven by technological advancements and the shift towards a plant-based diet among people.
Canada: Expected to grow at a CAGR of 3.4%, reflecting efforts to combat food inflation and boost domestic self-sufficiency.
UK: Anticipated to grow at a CAGR of 3.3%, driven by strong policies promoting the shift towards organic food products and technological advancements.
Germany: Expected to grow at a CAGR of 2.7%, supported by technological advancements and increasing adoption of nitrogenous fertilisers by domestic farmers.
France: Projected to grow at a CAGR of 2.6%, reflecting stable demand and advancements in the technology for fertiliser production.
Italy: Expected to grow at a CAGR of 2.3%, driven by efforts to boost food security and prevent environmental pollution.
India: Expected to lead with the highest regional CAGR of 5.4%, reflecting rapid industrial growth and increasing government support for the adoption of nitric acid and ammonium nitrate based fertilizer products.
China: Expected to grow at a CAGR of 4.5%, driven by significant industrialisation and the expansion of its domestic farmlands.
Japan: Projected to grow at a CAGR of 2.8%, supported by technological advancements.
Australia: Expected to grow at a CAGR of 3.2%, driven by expanding urbanisation and the adoption of various government measures for boosting food security.
The nitric acid and ammonium nitrate-based fertilizer products industry in Brazil is projected to grow at a CAGR of 4.0%, supported by the growth of the agriculture sector.
Mexico: Expected to grow at a CAGR of 3.4%, reflecting ongoing efforts to boost domestic fruit production for making wines and beers.
Saudi Arabia: Projected to grow at a CAGR of 4.1%, reflecting significant investments in technological development and an increase in the cultivation of horticultural crops.
CAGR 2025-2034 - Market by | Country |
India | 5.4% |
China | 4.5% |
Saudi Arabia | 4.1% |
Brazil | 4.0% |
Canada | 3.4% |
Mexico | 3.4% |
UK | 3.3% |
Australia | 3.2% |
USA | 3.0% |
Japan | 2.8% |
Germany | 2.7% |
France | 2.6% |
Italy | 2.3% |
Expert Market Research's industry report provides a comprehensive quantitative analysis of various market segments, historical and current market trends, and forecasts the dynamics of the Global nitric acid and ammonium nitrate based fertilizer products market spanning from 2018 to 2032.
The research report delivers up-to-date insights into the market drivers, challenges, and opportunities shaping the global nitric acid and ammonium nitrate based fertilizer products industry.
Stakeholders can leverage Porter's five forces analysis to assess the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. This analysis aids in evaluating the competitiveness and attractiveness of the global nitric acid and ammonium nitrate-based fertilizer products market.
The competitive landscape section enables stakeholders to gain a deep understanding of their competitive environment. It offers insights into the current market positions of key players, their strategies, and their market shares.
Additionally, the report highlights emerging trends, regulatory influences, and technological advancements that are pivotal for stakeholders navigating the global nitric acid and ammonium nitrate-based fertilizer products market landscape.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2024 |
Forecast Period | 2025-2034 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product Type |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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