Granular Urea Market

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Global Granular Urea Market to Grow by a CAGR of
3 During 2023 2035 on the Back of
Proliferating Agricultural Productivity
Worldwide Research Nester published a report
titled Granular Urea Market Global Demand
Analysis Opportunity Outlook 2035, which
delivers a detailed overview of the global
granular urea market in terms of market
segmentation by product type, application, and
by region.
Further, for the in-depth analysis, the report
encompasses the industry growth indicators,
restraints, supply and demand risk, along with a
detailed discussion on current and future market
trends that are associated with the growth of the
market. The global granular urea market is
expected to rise at a CAGR of 3 over the
forecast period of 2023-2035. The global granular
urea market is segmented by application into
agriculture, chemical, and construction, out of
which, the agricultural segment is predicted to
acquire an enormous share during the forecast
period on account of the high efficiency of urea
to promote crop production, and improve yield.
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The global granular urea market is expected to
grow on account of increasing crop production
worldwide. In pursuit of getting a good yield,
farmers are using granular urea as fertilizer.
Furthermore, it was observed that the total
factor productivity was recorded to be 1.3 in
2019-2020, which should at least touch 1.7 in
order to meet the demand for food. Hence,
governments across the globe, are gearing up to
obtain adequate productivity in the agriculture
field, by subsidizing fertilizers, such as,
urea. Measures, such as, enriching the soil with
the help of granular urea are standard practices
adopted by farmers, which is estimated to act as
the major factor for the growth of the global
granular urea market over the forecast
period. Regionally, the global granular urea
market is segmented into five major regions
including Asia Pacific, North America, Europe,
Latin America, and the Middle East Africa
region. The market in the Asia Pacific region is
estimated to capture a significant share over
the forecast period on the back of the flexible
regulatory guidelines by the government
regarding granular urea fertilizer, along with
the growing food demand in the Asia Pacific
region. On the other hand, the global granular
urea market in the North America region is also
estimated to thrive significantly over the
forecast period owing to the rising demand for
fertilizer in the area. The farmers in the North
America region are comparatively rich and take
appropriate measures for good crop yield.
Utilizing fertilizers is one of the most
efficient ways to increase productivity. Hence,
the global granular urea market is expected to
grow significantly over the forecast period in
the North America region.
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The research is global in nature and covers
detailed analysis on the market in North America
(U.S., Canada), Europe (U.K., Germany, France,
Italy, Spain, Hungary, Belgium, Netherlands
Luxembourg, NORDIC Finland, Sweden, Norway,
Denmark, Poland, Turkey, Russia, Rest of
Europe), Latin America (Brazil, Mexico,
Argentina, Rest of Latin America), Asia-Pacific
(China, India, Japan, South Korea, Indonesia,
Singapore, Malaysia, Australia, New Zealand,
Rest of Asia-Pacific), Middle East and Africa
(Israel, GCC Saudi Arabia, UAE, Bahrain,
Kuwait, Qatar, Oman, North Africa, South Africa,
Rest of Middle East and Africa). In addition,
analysis comprising market size, Y-O-Y growth
opportunity analysis, market players competitive
study, investment opportunities, demand for
future outlook etc. has also been covered and
displayed in the research report. Rising Demand
for Fertilizer in the Agriculture Sector to boost
the Market Growth Granular urea contains a
significant amount of nitrogen, which is
essential for crops. Hence the demand for
granular urea is increasing amongst farmers
worldwide, in order to increase their crop yield.
This is one of the major factors projected to
boost the growth of the global granular urea
market. However, the severe health hazards and
environmental impact of the usage of granular
urea are expected to operate as key restraints to
the growth of the global granular urea market
over the forecast period. This report also
provides the existing competitive scenario of
some of the key players in the global granular
urea market, which includes company profiling of
CF Industries Holdings, Inc., Saudi Basic
Industries Corporation (SABIC), Yara
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International ASA, Nutrien Ltd., EuroChem Group,
Ostchem, Bunge Limited, Coromandel International
Ltd, Notore Chemical Industry Plc. and Indian
Farmers Fertilizers Cooperative Limited. The
profiling enfolds key information of the
companies, which encompasses business overview,
products and services, key financials, and
recent news and developments. On the whole, the
report depicts detailed overview of the global
granular urea market that will help industry
consultants, equipment manufacturers, existing
players searching for expansion opportunities,
new players searching possibilities and other
stakeholders to align their market centric
strategies according to the ongoing and expected
trends in the future.
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