Urea for Agriculture Market size was valued at USD 70 Billion in 2024 and is forecasted to grow at a CAGR of 4.2% from 2026 to 2033, reaching USD 90 Billion by 2033.
The global urea for agriculture market was valued at approximately USD 50.5 billion in 2022 and is expected to witness a compound annual growth rate (CAGR) of 3.8% from 2023 to 2030. The increasing demand for urea as a high efficiency nitrogen fertilizer is driving the market growth. Urea, being cost effective and easily available, is crucial for increasing crop yield, thereby boosting its adoption among farmers worldwide. The demand for urea is particularly strong in regions with large scale agricultural activities, such as Asia Pacific and North America. In 2022, the Asia Pacific region dominated the urea for agriculture market, accounting for over 60% of the total market share. The rapid industrialization and high consumption of agricultural fertilizers in countries like India, China, and Indonesia contribute to the regions strong market position. Additionally, the growing need to enhance agricultural productivity to meet the food demand of a rising global population is further driving this market in the region.
In terms of regional dynamics, North America and Europe also represent significant market shares, with North America accounting for over 15% of the global market in 2022. The need for urea in these regions is fueled by high scale farming operations and the adoption of advanced agricultural techniques. The Latin American market for urea is expanding rapidly, primarily due to the increasing demand for fertilizers in countries such as Brazil and Argentina. Africa, with its vast agricultural land, is also expected to witness substantial growth in the coming years, with a projected CAGR of 5.2% from 2023 to 2030. As farmers in Africa adopt modern farming practices, the urea market in the region is set to expand, creating new growth opportunities for market players.
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QAFCO
Yara
KOCH
SABIC
OCI
Nutrien
EuroChem
Group DF
Hubei Yihua Chemical Industry
Rui Xing Group
Huajin Chemical Industries
Hualu-hengsheng
Sichuan Lutianhua
Lanhua Sci-tech
Yangmei Chemical
CF Industries
Shanxi Tianze
China BlueChemical
Henan Xinlianxin Chemicals Group Co.
Ltd.
China Coal Energy Company Limited
CNPC
Yunnan Yuntianhua
Yuanxing
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Urea for Agriculture Market
Granular Urea
Urea Solution
Urea Ammonium Nitrate (UAN)
Coated Urea
Broadcast Application
Foliar Application
In-Furrow Application
Drip Irrigation
Cereals
Fruits and Vegetables
Oilseeds
Cash Crops
Forage Crops
Straight Urea
Mixed Fertilizers with Urea
Slow-Release Urea
Farmers
Agriculture Cooperatives
Commercial Farms
Agricultural Suppliers and Retailers
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Urea for Agriculture Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Urea for Agriculture Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Urea for Agriculture Market, By Type
6. Global Urea for Agriculture Market, By Application
7. Global Urea for Agriculture Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Urea for Agriculture Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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