According to Markntel Advisors Report, Nigeria Fertilizers Market is expected to grow at a significant growth rate, and the analysis period is 2025-2030, considering the base year as 2024.Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Fertilizers help in the development and growth of the plant by providing important nutrients to the soil. These fertilizers contain various nutrients like phosphorus, nitrogen, and potassium, which supply the required elements to plants through roots. It is basically of two types, chemical fertilizers and bio-fertilizers. Chemical fertilizers are made with artificial chemicals such as nitrogenous and phosphate fertilizers, whereas bio-fertilizers are made up of natural products. Fertilizers are essential to modern agriculture because they increase crop yields and promote food security.
Global Nigeria Fertilizers Market Research Report & Summary:
The Nigeria Fertilizers Market size is valued at around USD 1.2 billion in 2024 and is projected to reach around USD 1.4 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.89% during the forecast period, i.e., 2025-30.
Time Period Captured in the Report:
· Historical Years: 2020-2023
· Base Years: 2024
· Forecast Years: 2025-2030
Who are the Key Players Operating in the Nigeria Fertilizers Market?
The top companies of the Nigeria Fertilizers Market ruling the industry are:
Dangote Fertilizer Plant, Indorama Eleme Fertilizer & Chemicals Ltd., Notore Chemical Industries Plc, Golden Fertilizer Company Ltd., EarthCare Nigeria Limited, OCP Africa, Kano Agriculture Supply Company Ltd., Superphosphate Fertilizer & Chemicals Ltd., Springfield Agro Ltd., Hamdala Fertilizer and Chemicals Co. Ltd., and Others
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What is Included in Nigeria Fertilizers Market Segmentation?
The Nigeria Fertilizers Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
-By Product
-Complex Fertilizers- Market Size & Forecast 2020-2030, Thousand Tons
-Straight Fertilizers- Market Size & Forecast 2020-2030, Thousand Tons
-Nitrogenous Fertilizers- Market Size & Forecast 2020-2030, Thousand Tons
-Urea- Market Size & Forecast 2020-2030, Thousand Tons
-Calcium Ammonium Nitrate- Market Size & Forecast 2020-2030, Thousand Tons
-Ammonium Nitrate- Market Size & Forecast 2020-2030, Thousand Tons
-Ammonium Sulfate- Market Size & Forecast 2020-2030, Thousand Tons
-Anhydrous Ammonia- Market Size & Forecast 2020-2030, Thousand Tons
-Others- Market Size & Forecast 2020-2030, Thousand Tons
-Phosphatic Fertilizers- Market Size & Forecast 2020-2030, Thousand Tons
-Mono-Ammonium Phosphate (MAP) - Market Size & Forecast 2020-2030, Thousand Tons
-Di-Ammonium Phosphate (DAP) - Market Size & Forecast 2020-2030, Thousand Tons
-Single Super Phosphate (SSP) - Market Size & Forecast 2020-2030, Thousand Tons
-Triple Super Phosphate (TSP) - Market Size & Forecast 2020-2030, Thousand Tons
-Others- Market Size & Forecast 2020-2030, Thousand Tons
-Potash Fertilizers- Market Size & Forecast 2020-2030, Thousand Tons
-Muriate of Potash (MoP) - Market Size & Forecast 2020-2030, Thousand Tons
-Sulfate of Potash (SoP) - Market Size & Forecast 2020-2030, Thousand Tons
-Secondary Macronutrient Fertilizers- Market Size & Forecast 2020-2030, Thousand Tons
-Calcium Fertilizers- Market Size & Forecast 2020-2030, Thousand Tons
-Magnesium Fertilizers- Market Size & Forecast 2020-2030, Thousand Tons
-Sulfur Fertilizers- Market Size & Forecast 2020-2030, Thousand Tons
-Micronutrient Fertilizers- Market Size & Forecast 2020-2030, Thousand Tons
-Zinc- Market Size & Forecast 2020-2030, Thousand Tons
-Manganese- Market Size & Forecast 2020-2030, Thousand Tons
-Copper- Market Size & Forecast 2020-2030, Thousand Tons
-Iron- Market Size & Forecast 2020-2030, Thousand Tons
-Boron- Market Size & Forecast 2020-2030, Thousand Tons
-Molybdenum- Market Size & Forecast 2020-2030, Thousand Tons
-Others- Market Size & Forecast 2020-2030, Thousand Tons
-By Type
-Chemical Fertilizers- Market Size & Forecast 2020-2030, Thousand Tons
-Bio-Fertilizers- Market Size & Forecast 2020-2030, Thousand Tons
-By Form
-Dry- Market Size & Forecast 2020-2030, Thousand Tons
-Liquid- Market Size & Forecast 2020-2030, Thousand Tons
-By Crop Type
-Grains and Cereals- Market Size & Forecast 2020-2030, Thousand Tons
-Pulses and Oilseeds- Market Size & Forecast 2020-2030, Thousand Tons
-Fruits and Vegetables- Market Size & Forecast 2020-2030, Thousand Tons
-Flowers and Ornamentals- Market Size & Forecast 2020-2030, Thousand Tons
-Others- Market Size & Forecast 2020-2030, Thousand Tons
-By Application
-Fertigation- Market Size & Forecast 2020-2030, Thousand Tons
-Foliar- Market Size & Forecast 2020-2030, Thousand Tons
-Banding- Market Size & Forecast 2020-2030, Thousand Tons
-Drip Irrigation- Market Size & Forecast 2020-2030, Thousand Tons
-By Region
-North
-South
-East
-West
Explore the Complete Nigeria Fertilizers Market Analysis Report – https://www.marknteladvisors.com/research-library/nigeria-fertilizers-market.html
Nigeria Fertilizers Market Driver:
Growing Agricultural Sector Drives the Fertilizer Demand – The Nigerian fertilizers industry is driven by the growing agricultural sector. The nation is among one of the largest food producers in Africa with 70.8 million hectares of agricultural area driving the demand for fertilizers. The consumption of fertilizers in 2023 was approx. 1.64 Million metric tons with 18.6kg per hectare. The rate of consumption of manure especially carbamide & Ammonium Sulphate has risen by 26% in the period 2022-23 despite the increased price. Also, the total production of urea in Nigeria rose by 6% from 2022 to 2023, indicating the potential growth and demand for fertilizers in Nigeria. Various urea manufacturing facilities in Nigeria such as Notore, Indorama, and Dangote are producing urea with a capacity of 6.5 million tons. Consequently, the rising agricultural demand creates a robust environment for the fertilizers industry. For instance,
· August 2023, Dangote Fertilizer announced to enrich its urea production capacity to 3 million metric tons every year. This action reflected the company's response to the rising demand for composts driven by the agricultural sector's need to enhance productivity for the rising population.
· April 2023, Notore Chemical declared to raise its capacity for producing fertilizer by 25% in response to the growing food need. The company emphasized the need for additional fertilizers to ensure food security.
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