Urea fertilizer is a nitrogen-rich product composed of approximately 46% nitrogen. It is one of the major nitrogen-containing fertilizers used in crop production and forms an important part of commercial fertilizer blends. It can be applied directly to the soil, mixed with other fertilizers, or sprayed onto foliage. Urea fertilizer is an effective way to provide nitrogen to soil, providing quick availability and a high concentration of nitrogen with fewer secondary nutrients (phosphorous and potassium). As a result, it is widely produced and used throughout the world.
Urea fertilizer encourages crop production by providing essential nutrients, such as nitrogen, which helps to promote plant growth and health, increases yield, improves quality, and helps crops better resist heat, drought, disease, and pests. It is particularly useful for crops that require a large amount of nitrogen, such as wheat, rice, and other food and fiber crops.
The top urea producers around the world are China, India, Russia, and the United States. China is the world’s most significant supplier of urea fertilizer, accounting for about half of global urea production. Other major producers include India, Russia, and the United States. These countries produce almost 80% of the world’s urea fertilizer. India is the second biggest producer, followed by Russia and the United States.
The global Urea Fertilizers market was valued at US$ 55540 million in 2022 and is anticipated to reach US$ 63460 million by 2029, witnessing a CAGR of 1.9% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Urea Fertilizers Market available at: https://www.themarketreports.com/report/global-urea-fertilizers-market-research-report
This report aims to provide a comprehensive presentation of the global market for Urea Fertilizers, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Urea Fertilizers.
China is the largest consumption region of Urea Fertilizers, the second place is India with the sales market share of 18% in 2018. Southeast Asia is another important market of Urea Fertilizers, enjoying 7% sales market share.
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