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Nitrogen Fertilizer Market Will Hit Big Revenues In Future | Agrium, Bunge, EuroChem Group

Nov 18, 2021 at 07:30 AM CST

Growing Consumption of urea-based nitrogenous fertilizers will help to boost the global nitrogen fertilizer market in the forecasted time period. Nitrogen Fertilizer is one of the most common kinds of fertilizers created out of nitrogen (N) chemical combinations. It is considered as an organic fertilizer, the plant nutrient must contain 5% minimum of nitrogen. Urea is the most extensively used nitrogenous fertilizer around the world, mainly because of the high nitrogen content (46%). However, excessive uses of these nitrogen fertilizers might degrade soil fertility, in turn, it will stagnate the demand for these fertilizers.