New Market Research Report: Nitrogenous Fertilizers Market in Brazil 2015-2019

Nitrogen is an essential requirement in plant proteins. While it is present abundantly in the Earth's atmosphere, several plants are incapable of converting them into a form they can use. Hence nitrogenous fertilizers are used as a substitute and aid in enhancing plant growth rates, and color and texture of crops. The nitrogen in the fertilizers stimulates chloroplasts in plants and improves the rate of photosynthesis, ensuring consistency in crop quality and yields. They are available in two forms: dry pellets and liquid.

Technavio's analysts forecast the nitrogenous fertilizers market in Brazil to grow at a CAGR of 3.07% in terms of revenue and 4.44% in terms of volume over the period 2014-2019.

Commenting on the report, an analyst from Technavio's team said: "The market is witnessing increased R&D in developing efficient fertilizers, and making them more environment-friendly. Fertilizer efficiency has become key in the market owing to the effects it has on environment and health. There have been efforts to develop catalysts that allow ammonia synthesis and nitrogen fixation using low levels of energy and resources. As fertilizer synthesis technology has attained maturity, there is a lot of effort going into advancing technology to lower the cost of its primary feedstock and improving cost-effectiveness of fertilizer production through low-cost and efficient hydrogen production and air separation. There has also been research in the development of denitrification inhibitors to reduce the environmental impact."

According to the report, the growing population worldwide is leading to a high demand for food. Disposable incomes in developing countries such as India and China are also on the rise, resulting in a growth in per capita consumption of agricultural products. The consumers in countries are expanding their diets with these dietary changes manifested in the form of increased demand for grain-intensive animal protein and dairy products. Various governments are implementing new policies to meet food security concerns and thus increase food productivity. Therefore, as crop production grows, so will nutrient demand.

Further, the report states that the applications of nitrogenous fertilizers are said to cause negative consequences on human health and the environment.

The key players in the Nitrogenous Fertilizers Market in Brazil are Fertipar, Heringer, Mosaic and Yara International while other prominent vendors include Adubos Sudoeste, Agrium, Bunge, EuroChem, Fertilizantes Tocantins, ICL Fertilizers, Koch Industries, Louis Dreyfus Commodities, Petrobras, PotashCorp, Rentech and Vale

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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