The nitrification and urease inhibitors market in the U.S. and Canada valued USD 494.29 million in 2019 and is expected to grow at a CAGR of 3.4% over the forecast period to reach a USD YY million by 2027.
Nitrification and urease inhibitors are chemical compounds that act as nitrogen stabilizers. These solutions are added as additives to nitrogen fertilizers to reduce the loss of N-content in soil and atmosphere. Nitrogen loss has been the primary challenge of fertilization in agricultural practices. Significant portion of the applied nitrogen is lost through ammonia volatilization, leaching, denitrification and several other processes. Nitrogen stabilizers are the effective solution to reduce these losses. Proper addition of nitrification and urease inhibitors to nitrogen fertilizers is proven to increase the availability of N to plants over long duration, thereby reducing input costs and increasing overall yield. North America is an early adopter of nitrification and urease inhibitors. The farming communities in the U.S. and Canada are highly aware towards the potential benefits of these chemicals and their pivotal role in improving productivity. The proven economic, environmental and agronomic benefits of nitrogen stabilizers will support the growth of nitrification and urease inhibitors market in the U.S. and Canada. However, the high cost and inconsistent effectiveness of nitrification inhibitors may hinder the growth of the market.
The market for nitrification and urease inhibitors in the U.S. valued USD 398 million in 2019 and is estimated to reach USD YY million in 2027, by growing at a CAGR of 2.97% during 2020-2027. The U.S. is the largest market for nitrification and urease inhibitors in the North America region with a share of 81.2% in terms of sales revenue in 2018. The country has large agricultural land and large-scale utilization of fertilizers in agricultural practices. The acidic nature of lands in the country is promoting the use of nitrification inhibitors. Application of these products helps in maintaining desirable pH level in the soil. Nitrification inhibitors is the major product segment in use in the domestic market. According to the statistics of the International Fertilizer Association (IFA), nearly 26% of the total nitrogen consumption is accounted for by UAN solution. This liquid nitrogen solution is largely enriched with nitrification inhibitors to reduce leaching and emission into atmosphere The increasing utilization of nitrogen fertilizer particularly in wheat and corn farms is the primary factor for the growth of nitrification and urease inhibitors market in the country
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