Nitrification Inhibitors Market Size Forecast to Reach $619.1 Million by 2027

May 05 19:44 2022
Nitrification Inhibitors Market Size Forecast to Reach $619.1 Million by 2027
Nitrification Inhibitors Market | IndustryARC
the Growing Horticulture and Agriculture Production in Asia-pacific Will Further Boost the Nitrification Inhibitors Market Growth.

Nitrification Inhibitors Market Overview

Nitrification inhibitors market size is forecast to reach US$619.1 million by 2027, after growing at a CAGR of 3.1% during 2022-2027. Nitrification inhibitors are chemical substances that impede the nitrification of fertilizers containing ammonia, ammonium, or urea, which are applied to soil as fertilizers. Nitrification inhibitors such as dicyandiamide, nitrapyrin, and others are widely utilized in agriculture and horticulture as a controlled release fertilizer for soil management. Since these compounds temporarily reduce populations of Nitrosomonas and Nitrobacter bacteria in soil, this results in improving the yield production. However, the effectiveness of nitrification inhibitors varies from the soil, climate, geography, and other factors and it may not it does not have consistent performance, these factors are resulting in a bottleneck for the growth of the nitrification inhibitors market.

COVID-19 Impact

The major economies across the world were under lockdown in the year 2020, because of which in the starting months of 2020 there was a decline in agriculture production. For instance, according to the United States Department of Agriculture, Australia’s Wheat production in March 2020 was 15.2 million metric tonnes (MMT), down 0.4 MMT (3%) from February 2020, and 2.1 MMT (12%) from March 2019. Also, Thailand’s rice production for April 2020 was about 18.0 million metric tonnes (milled basis), down 3% from March 2020 and 12% from April 2019. Similarly, there was a decline in agriculture production in other parts of the world, this resulted in a decline in demand for nitrification inhibitors. However, with increased emphasis on food security increased agriculture productivity was encouraged, which benefited the nitrification inhibitors market growth. In addition, it is projected that by the start of 2023, the impact of the Covid-19 pandemic will be minimal, which will result in nitrification inhibitors market growth scenario similar to pre-Covid time.

Nitrification Inhibitors Market Segment Analysis – By Type

The 3,4-Dimethylpyrazole Phosphate (DMPP) held the largest share in the nitrification inhibitors market in 2021 and is growing at a CAGR of 3.2% during 2022-2027. The 3,4-Dimethylpyrazole Phosphate (DMPP) is widely utilized in fertilizers to reduce the nitrogen losses which occur due to nitrate leaching. In addition, its properties are superior to dicyandiamide (DCD) because its usage in soil management increases soil NH4+-N by 41.1%, which is higher than dicyandiamide (DCD). Also, the use of 3,4-Dimethylpyrazole Phosphate (DMPP) has been resulting?in?lower gaseous emissions from the soil, including?N2O, NH3,?NO, CH4, and CO2.?Moreover, 3,4-Dimethylpyrazole Phosphate (DMPP) decreased soil NO3–N content by 20.7%. Due, to these advantages of 3,4-Dimethylpyrazole Phosphate (DMPP) over other types, its usage is increasing, which is accelerating the nitrification inhibitors market growth.

Nitrification Inhibitors Market Segment Analysis – By End-Use Industry

Agriculture held the largest share in the nitrification inhibitors market in 2021 and is growing at a CAGR of 3.4% during 2022-2027. Nitrification inhibitors are widely employed in agriculture production for the soil management purpose to restrict nitrifying microorganisms in the soil from converting ammonium to nitrate nitrogen, which may damage the yield. Apart from this, in agriculture, nitrification inhibitors are commonly deployed to reduce nitrous oxide (N2O) emissions while also increasing crop production. Also, the predictions about increased agriculture production globally will boost the demand for nitrification inhibitors, which will accelerate the market growth. For instance, according to the OECD-FOA Agriculture Outlook, worldwide agricultural production is expected to reach 3,04,403.61 tonnes by 2026. Thus, the projected agriculture production growth is expected to boost the nitrification inhibitors demand, thereby, propelling the market growth during the forecast period.

For More Information About Nitrification Inhibitors Market  @

https://www.industryarc.com/Report/19571/nitrification-inhibitors-market.html

Report Price: $ 4500 (Single User License)

Nitrification Inhibitors Market Segment Analysis – By Geography

Asia-Pacific region held the largest share in the nitrification inhibitors market in 2021 up to 45%. The agriculture and horticulture activities are increasing in Asia-Pacific and also the production is growing from these activities, which is benefiting the nitrification inhibitors market growth. For instance, according to Invest India, India’s overall horticulture production in 2019-2020 was 319 MMT, the greatest ever produced for the country. Furthermore, the United States Department of Agriculture (USDA), predicted Australia’s cotton production in January 2022 at 5.5 million 480-pound bales, up 0.2 million bales from December 2021, and up 2.7 million bales or 96% from January 2021. Thus, the growing horticulture and agriculture production in Asia-Pacific will further boost the nitrification inhibitors market growth.

Nitrification Inhibitors Market Drivers

Increasing government initiatives to bolster agriculture production

Governments all across the globe are taking initiatives and measures to encourage and increase agriculture production to cater to the increasing demand for food from the growing world population. The increasing government initiatives all over the world will induce more agriculture production, which will further propel the nitrification inhibitors demands, thus benefiting the market growth. For instance, according to the United States Department of Agriculture (USDA), Farmers Market Promotion Program (FMPP) funds domestic companies to create, organize, and extend the direct producer-to-consumer market. Furthermore, the European Union has implemented the Common Agriculture Policy (CAP), which pays farmers with agricultural subsidies. Thus, due to various government initiatives and reforms, agriculture production is increasing, which acts as a driver for the growth of the nitrification inhibitors market.

Growing Food Crop Production

Nitrification Inhibitor is utilized for food crops such as wheat, coarse grains, and other similar crops to increase the yield production by reducing the bacteria in the soil. The increasing food crop production including wheat, coarse grains, and others across the world is accelerating the demand for nitrification inhibitors, which is further potential for market growth. For instance, according to the United States Department of Agriculture (USDA), in the year 2019, the global production of wheat was 762.2 million metric tonnes, and in 2021 it was 775.9 million metric tonnes, an increase of about 2%. Furthermore, in the year 2019, the total production of coarse grains across the world was 1,417.2 million metric tonnes, and in the year 2020, it was 1,433.9 million metric tonnes, an increase of 1.2%. Thus, the increasing food crop production such as wheat, coarse grains, and others across the globe is expected to boost the demand for nitrification inhibitors, which will drive the nitrification inhibitors market growth during the forecast period.

Direct Purchase @ https://www.industryarc.com/purchasereport.php?id=19571

Nitrification Inhibitors Market Challenges

Uncertain Efficiency of Nitrification Inhibitor

Nitrification inhibitors have a huge amount of potential for reducing nitrous oxide emissions. However, nitrification inhibitors’ performance varies depending on the soil, crop, and temperature. There is very little information on the inhibitor’s efficacy and ability to reduce nitrous oxide production under Australian circumstances. The market’s growth could be hampered by the untested efficiency of nitrification inhibitors. Moreover, the use of compounds such as pyrazole as a nitrification inhibitor has the disadvantage of pyrazole rings being extremely volatile, which is not beneficial for agriculture usage, especially for food crops. Thus, factors such as the undiscovered potential of a nitrification inhibitor, limited types, and other factors are posing as a major challenge, which is restricting the growth of the nitrification inhibitors market.

Nitrification Inhibitors Industry Outlook

Technology launches, acquisitions, and increased R&D activities are key strategies adopted by players in this market. Nitrification Inhibitors top 10 companies include:

1. BASF SE

2. Dow AgroSciences

3. COMPO EXPERT GmbH

4. Eco Agro

5.DowDuPont Inc

6. Evonik

7. National Fertilizers Limited

8. Nico Orgo Manures

9. Solvay SA

10. Koch Fertilizer, LLC

Recent Developments

In September 2019, Koch Agronomic Services, LLC expanded its nitrification inhibitors business in Canada, with its product CENTURO. Business expansions like these will result in increased revenue benefits for the nitrification inhibitors market.

Key Takeaways

Asia-Pacific region dominated the nitrification inhibitors market, owing to the growth of the food grain production in the region. For instance, according to Invest India, the food grains production in India during 2019-20 was at 296.65 million metric tons, the highest level ever.

The increasing research and development related to the new nitrification inhibitors will be a potential opportunity for the growth of the nitrification inhibitors market.

The growing concern about the detrimental consequences of heavily fertilized agro-ecosystems releasing reactive nitrogen is leading to the increasing adoption of nitrification inhibitors, thereby driving market growth.

Moreover, the increasing usage of nitrification inhibitors in fertilizers for food crops to increase the yield is further accelerating the growth of the market.

Relevant Reports

Nitrification and Urease Inhibitors Market

https://www.industryarc.com/Report/18613/nitrification-and-urease-inhibitors-market.html

For more Chemicals and Materials Market reports, please click here

About IndustryARC : IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to [email protected] to discuss more about our consulting services.

Media Contact
Company Name: IndustryARC
Contact Person: Mr. Venkat Reddy
Email: Send Email
Phone: (+1) 970-236-3677
Address:Madhapur
City: Hyderabad
Country: India
Website: https://www.industryarc.com/