The global urea market is anticipated to grow at a considerable CAGR of 1.8% during the forecast period 2021-2027). The growing demand for food with burgeoning population has spurred the agriculture industry across the globe. The urea has the highest nitrogen content of all industrial chemicals and is in high demand as a fertilizer in agriculture. According to the World Bank agricultural development will be one of the powerful tools to end poverty and feed a projected 9.7 billion people by 2050. Agriculture is also crucial for economic growth as in 2018 nearly 4.0% of agricultural sector was accounted for the global gross domestic product (GDP) and in many developing countries it can account for more than 25% of GDP.
Browse the full report description of “Urea Market Size, Share & Trends Analysis Report by Grade (Fertilizer, Feed, and Technical), and by End-User Industry (Agriculture, Automotive, Medical, and Others), Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/urea-market
Further increasing funding in agriculture sector to drive the adoption of fertilizers, for instance, the Ministry of Agriculture and Framers has allocated Rs 1,42,762 crore in 2020-21 according to PRS India legislative research. The growing agriculture industry across the globe is anticipated to make major contribution to the growth of the global urea market. The growing research & development in the green urea sector is anticipated to offer huge opportunities to the growth of urea market during the forecast period.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Grade
o By End-User Industry
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- SKW Stickstoffwerke Piesteritz GmbH, Yara International Ltd., BAF SE, Nutrien Ltd., EuroChem Group
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Urea Market Report Segment
By Grade
By End-User Industry
Global Urea Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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