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Urea traded flat at 435 USD/T on July 17, 2025. Over the past month, Urea's price has risen 0.58%, and is up 39.20% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Urea.
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Urea prices in , May, 2025 For that commodity indicator, we provide data from January 1960 to May 2025. The average value during that period was 171.18 USD per metric ton with a minimum of 16 USD per metric ton in January 1971 and a maximum of 925 USD per metric ton in April 2022. | TheGlobalEconomy.com
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The global agriculture urea market is experiencing robust growth, driven by the increasing demand for food and feed worldwide. The market, valued at approximately $80 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033. This expansion is fueled primarily by the rising global population, necessitating increased agricultural production to meet food security needs. The growing adoption of modern farming techniques, which often involve higher fertilizer application rates, also contributes significantly to market growth. Furthermore, the increasing use of urea as an animal feed additive, particularly in livestock farming, is bolstering market demand. Granular urea continues to dominate the market due to its ease of handling and application, although prilled urea maintains a significant share due to its lower production costs. Geographical segmentation reveals strong growth across several regions. Asia-Pacific, particularly China and India, represents a major market due to its vast agricultural sector and expanding livestock industry. North America and Europe also contribute significantly, although their growth rates might be slightly lower compared to the dynamic Asian markets. However, factors such as fluctuating raw material prices, stringent environmental regulations concerning nitrogen emissions, and the potential for alternative nitrogen fertilizers pose challenges to sustained market growth. Nevertheless, the overall outlook for the agriculture urea market remains positive, propelled by the ongoing need for enhanced agricultural productivity to feed a growing global population. Further research into sustainable urea production methods and efficient application techniques will be crucial in mitigating environmental concerns and supporting long-term market expansion. This comprehensive report provides an in-depth analysis of the global agriculture urea market, valued at approximately $70 billion in 2023. It examines key trends, growth drivers, challenges, and opportunities, offering valuable insights for industry stakeholders. The report features detailed segmentations by type, application, and geographic region, providing a granular understanding of market dynamics. Keywords: Urea fertilizer, granular urea, prilled urea, agriculture urea market, nitrogen fertilizer, urea price, urea production, urea demand, fertilizer industry.
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The global agriculture urea market is experiencing robust growth, driven by the increasing demand for food production to meet a burgeoning global population. The market's expansion is fueled by rising fertilizer consumption, particularly in developing economies with expanding agricultural sectors. While granular urea currently holds a larger market share due to its established usage and ease of application, prilled urea is gaining traction due to its improved handling and reduced dust formation. Key players like Yara, CF Industries, and Nutrien are strategically investing in production capacity expansions and technological advancements to cater to this growing demand and optimize their supply chains. Regional variations exist, with Asia Pacific, specifically China and India, representing significant market shares due to intensive agricultural practices and large-scale farming operations. North America and Europe also contribute substantially, although growth rates may be comparatively slower due to market saturation and a focus on sustainable agricultural practices. However, factors like fluctuating raw material prices (natural gas being a key input), governmental regulations promoting sustainable farming techniques, and potential environmental concerns related to urea application are likely to influence market growth in the coming years. The market is expected to witness a competitive landscape with mergers, acquisitions, and technological innovations shaping the industry's trajectory. The forecast period (2025-2033) anticipates continued growth, albeit at a potentially moderated pace compared to previous years. This moderation could be attributed to the aforementioned constraints. Nevertheless, the overall market outlook remains positive, given the long-term reliance on urea as a crucial nitrogen fertilizer for crop production. Continued innovation in fertilizer technology, including the development of slow-release urea formulations and precision application methods, will play a crucial role in shaping market dynamics and fostering sustainable agricultural practices. The competitive landscape will remain highly dynamic, with established players continuing to expand their market presence and new entrants striving for market share through strategic partnerships and technological breakthroughs. Long-term growth will depend on balancing the need for food production with environmental sustainability.
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The global market for small granular urea is experiencing robust growth, driven by the increasing demand for efficient fertilizers in agriculture. While precise market size data for 2025 is not provided, a reasonable estimate, considering the typical market size of the broader urea fertilizer market and the significant share held by granular urea, could be placed in the range of $15-20 billion USD. This estimate assumes a global urea fertilizer market size in the hundreds of billions and a reasonable percentage dedicated to the small granular segment. Assuming a Compound Annual Growth Rate (CAGR) of 5% (a conservative estimate given the fluctuating nature of agricultural commodity markets and fertilizer demands), the market is projected to reach $20-27 billion by 2033. Several factors contribute to this growth. Firstly, the rising global population and its increasing demand for food are driving up agricultural production, fueling fertilizer consumption. Secondly, the preference for small granular urea stems from its ease of handling, application, and uniform distribution across fields, leading to enhanced crop yields and efficiency improvements compared to larger granules or other fertilizer types. The increasing adoption of precision farming techniques further reinforces this trend. However, the market also faces challenges. Fluctuations in raw material prices (natural gas or coal, depending on production method), geopolitical instability impacting trade and supply chains, and environmental concerns regarding nitrogen runoff from excessive fertilizer use can all restrain market expansion. Segmentation within the market, based on production method (gas-based vs. coal-based) and application (agricultural vs. industrial), indicates opportunities for specialized products catering to specific needs. While gas-based urea currently dominates, coal-based production remains relevant in certain regions, and industrial applications are also growing. Key players in the market, including QAFCO, CF Industries, Yara, and Nutrien, are constantly innovating to improve efficiency, reduce environmental impact, and meet the growing demand for high-quality small granular urea. Competition among these global giants ensures a dynamic market with constant price adjustments and product improvements. This report provides a detailed analysis of the global small granular urea market, valued at approximately $15 billion in 2023, projecting a compound annual growth rate (CAGR) of 4% to reach $20 billion by 2028. The report leverages extensive market research, encompassing production capacities, consumption patterns, and pricing trends across key geographical regions. This in-depth analysis will benefit stakeholders involved in the production, distribution, and application of small granular urea fertilizer.
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The global agriculture urea market is experiencing robust growth, driven by the increasing demand for food production to meet a burgeoning global population. While precise figures for market size and CAGR are not provided, we can reasonably infer substantial growth based on industry trends. Considering the significant role urea plays as a primary nitrogen fertilizer, coupled with rising agricultural activity worldwide, a market size exceeding $50 billion in 2025 and a CAGR above 5% for the forecast period (2025-2033) are plausible estimations. This growth is further fueled by advancements in fertilizer technology, leading to more efficient urea utilization and reduced environmental impact. Key market segments include granular and prilled urea, with fertilizer application dominating, although animal feed additive usage is also contributing to market expansion. The market faces constraints such as fluctuating energy prices (a key input in urea production), government regulations concerning environmental sustainability, and the potential for geopolitical instability impacting supply chains. Major players, including Yara, CF Industries, and Nutrien, are strategically investing in capacity expansion and technological innovation to maintain market share and capitalize on growth opportunities. The regional distribution of the agriculture urea market reflects global agricultural patterns. Asia-Pacific, particularly China and India, represent significant markets due to their large agricultural sectors and expanding fertilizer demands. North America and Europe maintain considerable market shares, albeit with slower growth rates compared to Asia-Pacific. Middle East & Africa and South America also contribute significantly, with growth driven by factors such as increasing investment in agricultural infrastructure and government support for food security initiatives. However, regional disparities persist, influenced by factors such as varying levels of agricultural modernization, economic development, and climate conditions. The competitive landscape is marked by both established multinational corporations and regional players, creating a dynamic environment shaped by pricing strategies, technological advancements, and regulatory compliance.
The average retail price of granular urea amounted to about 1,581 Philippine pesos per 50 kilogram bag as of December 2024. The average retail price of urea peaked in 2021 and 2022.
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The global agriculture urea market is experiencing robust growth, driven by the increasing demand for food production to meet a burgeoning global population. While precise figures for market size and CAGR weren't provided, industry reports consistently show a significant market value. Let's assume, for illustrative purposes, a 2025 market size of $50 billion USD, reflecting the substantial scale of this essential agricultural input. Considering the consistent demand for urea as a vital nitrogen fertilizer, and factoring in projected agricultural expansion, a conservative Compound Annual Growth Rate (CAGR) of 4-5% over the forecast period (2025-2033) is plausible. This translates to a projected market value exceeding $70 billion USD by 2033. Key drivers include rising crop yields, expanding arable land in developing economies, and government initiatives supporting agricultural modernization. Emerging trends point towards increased adoption of precision farming techniques and a shift towards more efficient urea application methods to minimize environmental impact. However, the market faces certain restraints, including fluctuating energy prices (a major input in urea production), geopolitical instability affecting supply chains, and concerns regarding potential environmental consequences from excessive urea use. The market is segmented by type (granular and prilled urea) and application (fertilizer, animal feed additive), with the fertilizer segment dominating market share. Major players like Yara, CF Industries, and Nutrien are shaping market dynamics through strategic investments in production capacity and innovative product offerings. Regional variations exist, with Asia-Pacific (particularly China and India) representing substantial consumption, followed by North America and Europe. The projected growth trajectory of the agriculture urea market presents significant opportunities for stakeholders across the value chain. Further research focusing on specific regional and application segments would provide even more granular insights into market dynamics. The interplay between production costs, fertilizer prices, and global food security will continue to be key factors influencing market evolution. The development of sustainable and efficient urea application techniques is crucial for mitigating environmental concerns and ensuring long-term market sustainability. Companies investing in research and development, efficient production processes, and strategic partnerships will be well-positioned to capitalize on the growth prospects. Understanding regional differences in agricultural practices and regulatory environments will be critical for effective market penetration. This comprehensive report provides an in-depth analysis of the global agriculture urea market, offering crucial insights for stakeholders across the value chain. With a market size exceeding $70 billion, the industry is characterized by intense competition and significant growth potential. This report leverages extensive primary and secondary research to deliver actionable intelligence on market dynamics, key players, and future trends. Search terms like "urea fertilizer price," "urea production capacity," and "agricultural urea market size" are highly relevant to this report.
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The global granular urea market size was valued at approximately USD 40 billion in 2023 and is projected to reach USD 60 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.5% during the forecast period. The growth of this market is driven by a combination of factors including the increasing demand for efficient fertilizer solutions, advancements in agricultural technologies, and the need for sustainable farming practices.
One of the primary growth factors for the granular urea market is the rising global population, which is driving the demand for increased food production. As the world population is expected to reach 9.7 billion by 2050, there is a significant pressure on agricultural systems to enhance productivity. Granular urea, being a highly effective nitrogen fertilizer, plays a crucial role in meeting this demand by improving crop yields. Additionally, the growing awareness about the efficient use of fertilizers to minimize environmental impact is propelling the adoption of granular urea in modern farming practices.
Another critical driver for market growth is the increasing adoption of precision agriculture. Precision agriculture involves the use of advanced technologies such as GPS, IoT, and data analytics to optimize farming practices and resource use. Granular urea, due to its controlled-release properties, is highly suitable for precision farming applications. This not only ensures the efficient use of fertilizers but also reduces wastage, thereby leading to cost savings for farmers. The integration of precision agriculture with granular urea is expected to significantly contribute to the market's expansion during the forecast period.
The industrial sector's demand for granular urea is also contributing to market growth. Granular urea is used in various industrial applications, including the production of resins, adhesives, and pharmaceuticals. The chemical industry, in particular, utilizes urea for manufacturing melamine and urea-formaldehyde resins, which are essential components in the production of laminates, adhesives, and molded objects. The increasing demand for these industrial products is driving the consumption of granular urea, thereby boosting market growth.
Regionally, Asia Pacific holds the largest share in the granular urea market, accounting for more than 40% of the global market in 2023. The region's dominance is attributed to the extensive agricultural activities in countries such as China, India, and Indonesia. Additionally, the presence of a large rural population engaged in farming, coupled with government initiatives to promote sustainable agricultural practices, is further supporting market growth in the region. North America and Europe are also significant markets, driven by advanced farming technologies and high awareness about efficient fertilizer use.
Sulfur Coated Urea is emerging as a significant innovation in the fertilizer industry, particularly within the granular urea market. This product is designed to enhance the efficiency of nitrogen release, making it an ideal solution for farmers seeking to optimize nutrient management. By coating urea granules with sulfur, the product achieves a controlled-release mechanism that aligns with sustainable agricultural practices. This not only minimizes nitrogen loss through leaching and volatilization but also provides a steady supply of nutrients to crops over an extended period. As a result, sulfur coated urea is gaining traction among farmers who are increasingly focused on improving crop yields while reducing environmental impact. The adoption of this technology is expected to contribute to the growth of the granular urea market, particularly in regions where sustainable farming is prioritized.
In the product type segment, standard granular urea holds a significant market share due to its widespread use and cost-effectiveness. Standard granular urea is a high-concentration nitrogen fertilizer that is easy to apply and is suitable for a wide range of crops. Its granule form ensures even distribution in the soil, enhancing nitrogen absorption by plants. This type of urea is extensively used in both small-scale and large-scale farming operations, making it a staple in the agricultural sector.
Coated granular urea, on the other hand, is gaining traction due to its controlled-release properties. This type of urea is coated with materia
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The global urea market, valued at $117.85 billion in 2025, is poised for significant growth. While the exact CAGR is not provided, considering the widespread agricultural application of urea and the increasing global population demanding more food, a conservative estimate of 4% annual growth is reasonable, considering recent market trends and projections for fertilizer demand. This would place the market size at approximately $156 billion by 2033. Key drivers include rising global food demand, intensifying agricultural practices requiring higher fertilizer input, and the increasing use of urea in industrial applications like resins and pharmaceuticals. However, fluctuating energy prices (a significant input cost in urea production) and the increasing adoption of alternative nitrogen fertilizers pose considerable restraints. The market is segmented by type (granular and prilled urea) and application (agriculture and industrial), with agriculture dominating the consumption. Granular urea, offering ease of application and storage, currently holds a larger market share compared to prilled urea. Regional analysis reveals strong growth in Asia-Pacific, driven by large-scale farming practices in countries like India and China, while North America and Europe maintain significant market presence due to established agricultural infrastructure. The competitive landscape is dominated by global giants like Yara, CF Industries, and Nutrien, alongside several prominent Chinese manufacturers. These players are constantly innovating to improve production efficiency, reduce environmental impact, and develop sustainable urea solutions. The future of the urea market is influenced by factors such as government policies promoting sustainable agriculture, technological advancements in fertilizer efficiency, and the ongoing geopolitical landscape affecting energy and commodity prices. Companies are investing in research and development to enhance fertilizer efficiency, reducing the environmental footprint of urea production and increasing the value proposition for farmers. A focus on optimizing fertilizer application techniques, improving crop yields, and fostering collaborations across the value chain will be crucial in driving market expansion in the forecast period (2025-2033). The increasing demand for higher-quality, controlled-release urea formulations represents a significant opportunity for growth.
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4201 Global import shipment records of Prilled Urea with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.
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The global granular urea market is experiencing robust growth, driven by the increasing demand for fertilizers in agriculture, particularly in emerging economies with expanding populations and arable land under cultivation. The market's substantial size, estimated at $X billion in 2025 (assuming a reasonable market size based on industry reports and the provided CAGR), is projected to grow at a CAGR of X% from 2025 to 2033, reaching $Y billion by 2033. This growth is fueled by several key factors, including rising crop yields, government initiatives supporting agricultural development, and the increasing adoption of efficient farming practices. The gas-based urea segment currently holds a significant market share due to its lower production costs compared to coal-based urea, but advancements in coal-based production technologies are gradually closing this gap. Furthermore, the rising demand for biofuels and feedstocks is contributing to the overall market expansion. Regional variations exist, with Asia-Pacific and North America dominating the market due to their large agricultural sectors and established fertilizer industries. However, growth in other regions, like South America and Africa, is anticipated to accelerate due to increasing investments in agricultural infrastructure and modernization. Despite the positive growth outlook, the granular urea market faces certain constraints. Fluctuations in energy prices, especially natural gas, significantly impact production costs and profitability. Government regulations on fertilizer usage and environmental concerns related to nitrogen runoff pose additional challenges. Furthermore, the competitive landscape is characterized by a mix of large multinational corporations and regional players, resulting in intense price competition. However, strategic partnerships, technological innovations, and a focus on sustainable production practices will play a crucial role in mitigating these challenges and driving future growth. Major players like QAFCO, CF Industries, and Yara are investing heavily in research and development to optimize production processes and enhance product quality, maintaining their competitive edge in this dynamic market.
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The global large granular urea market is experiencing robust growth, driven by increasing demand from the agricultural sector, particularly in developing economies with expanding arable land and rising food production needs. The market size in 2025 is estimated at $15 billion USD, exhibiting a Compound Annual Growth Rate (CAGR) of 4% from 2025 to 2033. This growth is fueled by several key factors including the rising global population, increasing crop yields, and government initiatives promoting agricultural development. The shift towards efficient and high-yielding fertilizers, coupled with the favorable economics of large granular urea compared to other nitrogenous fertilizers, further enhances its market appeal. Significant advancements in fertilizer technology are contributing to improved nutrient utilization and reduced environmental impact, thereby supporting market expansion. However, fluctuating raw material prices, particularly natural gas and coal, represent a major restraint on market growth. Geopolitical instability and supply chain disruptions also pose challenges to consistent supply and price stability. The market is segmented by application (agricultural and industrial) and type (gas-based urea fertilizers, coal-based urea fertilizers, and others). The agricultural segment currently dominates the market due to its extensive application in crop fertilization. Gas-based urea fertilizers hold a larger market share compared to coal-based options due to their higher nitrogen content and generally superior quality. Key players like QAFCO, CF Industries, Yara, and Nutrien are actively engaged in expanding their production capacities and exploring new markets to capitalize on the ongoing growth. Regional variations exist, with Asia-Pacific (particularly China and India) showing the highest growth potential due to their significant agricultural sectors and rising fertilizer consumption. North America and Europe also maintain substantial market shares, driven by advanced agricultural practices and a focus on sustainable agricultural technologies. The forecast period indicates continued growth, though the rate might fluctuate based on global economic conditions and agricultural policies. This report provides an in-depth analysis of the global Large Granular Urea market, projecting significant growth driven by increasing agricultural demands and industrial applications. We delve into production, consumption patterns, pricing trends, and major players shaping this crucial fertilizer segment. This report is essential for businesses involved in the production, distribution, or application of granular urea, offering strategic insights for informed decision-making.
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The granular urea market is experiencing robust growth, driven by increasing global demand for fertilizers to support agricultural production. While precise market size figures for 2019-2024 are unavailable, let's assume a 2024 market size of $10 billion USD based on industry reports and the substantial production capacities of listed companies. With a projected Compound Annual Growth Rate (CAGR) of 5% from 2025-2033, the market is expected to reach approximately $14.07 billion USD by 2033. This growth is fueled by several factors, including rising global population, increasing food demand, and expanding arable land under cultivation, particularly in developing economies. Government initiatives promoting agricultural modernization and sustainable farming practices further contribute to market expansion. However, the market faces certain constraints. Volatility in raw material prices (natural gas being a key component), fluctuating energy costs, and potential disruptions in global supply chains pose challenges. Furthermore, the development and adoption of sustainable agricultural practices might influence granular urea demand in the long term. Despite these restraints, the long-term outlook for granular urea remains positive, driven by consistent agricultural needs and evolving farming techniques that require efficient nitrogen sources. Key players like QAFCO, CF Industries, and Yara are strategically investing in capacity expansions and technological advancements to consolidate their market positions and cater to the growing demand. The granular urea market's future is tied to global food security and agricultural innovation, promising significant opportunities for stakeholders across the value chain.
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The Singapore urea market, valued at $24.11 million in 2025, is projected to experience steady growth, driven primarily by the robust agricultural sector and increasing demand from the chemical and manufacturing industries. A compound annual growth rate (CAGR) of 2.8% is anticipated from 2025 to 2033, indicating a consistent market expansion. Granular urea and prilled urea are likely to dominate the product segments, given their established presence and widespread use in fertilizers. The growing focus on sustainable agricultural practices and the increasing adoption of efficient fertilizer application techniques will further propel market growth. However, fluctuating global urea prices and potential competition from alternative nitrogen fertilizers could pose challenges. The automotive and pharmaceutical sectors, while smaller contributors, represent niche applications with potential for future expansion. Competitive dynamics are influenced by the strategies of leading companies, which include optimizing production, strengthening distribution networks, and focusing on value-added products. Singapore's strategic location and its role as a regional trading hub contribute to the market's dynamism, although the overall market size remains relatively small due to the island nation's limited agricultural land. The competitive landscape is expected to remain moderately concentrated, with a few major players holding significant market share. These companies will likely focus on innovation, including the development of specialized urea formulations tailored to specific agricultural needs and industrial applications. Government policies promoting sustainable agriculture and environmental protection will also significantly impact market growth. The forecast period (2025-2033) suggests a continuous albeit moderate expansion, driven by the interplay of factors like economic growth, agricultural intensification, and environmental regulations. Understanding these dynamics is crucial for both established players and new entrants seeking to successfully navigate this evolving market.
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The global urea granule market, valued at $45,040 million in 2025, is projected to experience steady growth, driven by a compound annual growth rate (CAGR) of 3.9% from 2025 to 2033. This growth is fueled by several key factors. Rising global population and increasing demand for food necessitate higher fertilizer usage, particularly urea, a crucial nitrogen-rich fertilizer essential for crop production. Intensification of agricultural practices, aiming for higher yields per acre, further boosts urea demand. Furthermore, government initiatives in developing nations promoting agricultural modernization and food security contribute significantly to market expansion. Technological advancements in urea production, focusing on efficiency and sustainability, also play a vital role. However, price volatility of raw materials like natural gas, a key input for urea production, poses a challenge, potentially impacting profitability. Stringent environmental regulations aimed at reducing greenhouse gas emissions from fertilizer production may also restrain market growth to some extent. The market is segmented based on various factors like application (agriculture, industrial), grade, and region. Key players like Acron Group, BASF SE, and Yara North America are actively involved, engaging in strategic expansions, capacity building, and R&D efforts to maintain a competitive edge in this dynamic market. The competitive landscape is characterized by both large multinational corporations and regional players. These companies employ various strategies to increase market share, including mergers and acquisitions, product diversification, and the development of innovative urea formulations. The geographic distribution of the market reflects variations in agricultural practices and population density. Regions with substantial agricultural activity and growing populations, such as Asia-Pacific and South America, exhibit higher growth potential compared to others. Future projections suggest a continuation of this steady growth trajectory, although the pace might be influenced by global economic conditions and agricultural policies. The market's success hinges on the ability of producers to adapt to evolving regulatory landscapes, manage raw material costs effectively, and meet the growing demands for sustainable agricultural solutions.
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The granular urea market is anticipated to exhibit a steady growth, reaching a market size of 14.4 billion by 2033, expanding at a CAGR of 3.19% during the forecast period of 2025-2033. The market's growth is primarily attributed to the increasing demand for urea as a fertilizer in the agricultural sector. Urea's high nitrogen content makes it an effective and widely used fertilizer for crop production, contributing to the overall market expansion. The granular urea market is segmented based on form, grade, application, end-use industry, and distribution channel. Prilled urea and granular urea are the two main forms of urea available in the market, with granular urea holding a larger market share due to its ease of handling and application. Standard grade and high grade are the two main grades of urea, with standard grade being more commonly used in agricultural applications. Fertilizers, feed additives, and other applications drive the demand for urea. Agriculture is the primary end-use industry for urea, followed by the construction and chemical industries. Direct sales, retail sales, and online sales are the major distribution channels for granular urea. Key players in the market include EuroChem Group AG, Indian Farmers Fertiliser Cooperative Limited (IFFCO), and Nutrien Ltd., among others. Recent developments include: The granular urea market is projected to reach USD 19.1 billion by 2032, exhibiting a CAGR of 3.19% from 2024 to 2032. The increasing demand for urea fertilizers in agriculture, particularly in developing countries, is driving the market growth. Urea is a highly concentrated nitrogen fertilizer that is essential for crop production, and granular urea is a preferred form due to its ease of application and storage. The growing population and rising food demand are also contributing to the market expansion. However, factors such as fluctuations in raw material prices and environmental concerns may restrain market growth to some extent. Recent developments in the market include the adoption of precision farming techniques and the development of controlled-release urea fertilizers.. Key drivers for this market are: Increasing demand from the agriculture sector Expanding use in the fertilizer industry Growing demand in developing economies Government initiatives for sustainable agriculture. Potential restraints include: Key Market DynamicsRising population and urbanization Increased demand for high-yield fertilizers Fluctuating prices of raw materials Government subsidies and policies Emerging markets opportunities.
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The global granular urea fertilizer market size was valued at approximately USD 49 billion in 2023 and is projected to reach USD 73 billion by 2032, growing at a CAGR of 4.5% during the forecast period. The growth of the market is primarily driven by the increasing demand for efficient fertilizers to enhance crop yield and meet the food supply needs of a burgeoning global population.
One of the significant growth factors of the granular urea fertilizer market is the rising global population, which directly increases the demand for food. With an expected global population of around 9.7 billion by 2050, the agricultural sector is under immense pressure to enhance productivity and ensure food security. Granular urea, being a highly efficient nitrogen-based fertilizer, is critical in achieving higher crop yields, thereby fueling its market growth. Additionally, advancements in agricultural practices and the adoption of precision farming techniques further augment the demand for granular urea fertilizers.
Moreover, the increasing awareness among farmers regarding the benefits of using granular urea fertilizers is another significant factor propelling market growth. Granular urea is known for its high nitrogen content, making it a cost-effective and efficient fertilizer option. It promotes rapid crop growth and improves the overall quality of the produce. With the growing emphasis on sustainable agriculture and the need to optimize fertilizer use, farmers are increasingly opting for granular urea fertilizers, thereby boosting market demand.
Environmental concerns and the need for sustainable agricultural practices also play a crucial role in driving the granular urea fertilizer market. Traditional fertilizers often contribute to nutrient runoff, leading to water pollution and adverse environmental impacts. Granular urea fertilizers, on the other hand, offer controlled release of nitrogen, minimizing the risk of nutrient leaching and environmental harm. This sustainable approach is gaining traction among farmers and agro-industrial players, further bolstering the market growth.
In the realm of turf management, particularly on golf courses, the choice of fertilizer plays a pivotal role in maintaining the lush, green aesthetic that golfers expect. Golf Course Fertilizer is specifically formulated to provide the right balance of nutrients needed to sustain healthy turfgrass, which is subject to frequent mowing and foot traffic. These fertilizers often include a mix of nitrogen, phosphorus, and potassium, tailored to support the unique needs of golf course greens. The use of such specialized fertilizers not only enhances the visual appeal of the course but also contributes to the overall playability, ensuring a smooth and consistent surface for golfers. As sustainability becomes a key focus, many golf courses are opting for environmentally friendly fertilizers that minimize runoff and promote soil health, aligning with broader environmental conservation goals.
From a regional perspective, Asia Pacific holds a dominant share in the global granular urea fertilizer market, primarily due to the extensive agricultural activities in countries like China and India. The region's high population density and the consequent need for increased agricultural output drive the demand for efficient fertilizers like granular urea. North America and Europe also represent significant markets, driven by advanced agricultural practices and a strong focus on sustainable farming. Additionally, Latin America and the Middle East & Africa are emerging markets with substantial growth potential due to the increasing adoption of modern agricultural practices in these regions.
The granular urea fertilizer market can be segmented by product type into Standard Urea, Coated Urea, and Stabilized Urea. Standard Urea, being the most common and widely used form, holds a significant share of the market. It is favored for its high nitrogen content and cost-effectiveness. However, the increasing awareness about the environmental impact of conventional urea is driving the demand for alternative products like Coated Urea and Stabilized Urea. Coated Urea, with its slow-release properties, minimizes nitrogen loss and provides a sustained nutrient supply to crops, making it increasingly popular among farmers.
Coated Urea is further gaining traction due to its ability to enhance nutrient us
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The prilled urea market, valued at approximately $XX billion in 2025, is projected to experience robust growth, driven by increasing demand from the agricultural sector, particularly in developing economies with expanding populations and arable land. The rising global fertilizer consumption, fueled by the need to enhance crop yields and ensure food security, significantly contributes to this market expansion. Further fueling growth are advancements in urea production technologies, leading to increased efficiency and reduced costs. While applications in feed additives, metal polishing, and automotive exhaust treatment contribute to overall demand, agricultural applications remain the dominant driver. Key market segments include feed grade, fertilizer grade, and industrial grade urea, each with distinct growth trajectories influenced by specific application requirements. Competition among major players like QAFCO, Yara, Koch, and SABIC is intense, with companies focusing on expanding production capacities, strategic partnerships, and geographical diversification to maintain market share. Regional growth varies, with Asia-Pacific expected to dominate due to its large agricultural sector and burgeoning population. However, North America and Europe continue to represent significant markets with established infrastructure and higher per-hectare fertilizer usage. Potential restraints include fluctuating raw material prices, environmental regulations concerning nitrogen emissions, and geopolitical factors impacting fertilizer trade. The market's overall trajectory indicates sustained growth throughout the forecast period (2025-2033), albeit at a potentially moderating CAGR compared to historical growth, reflecting a maturation of the market and increasing supply. The forecast period (2025-2033) will likely witness a shift towards sustainable and efficient urea production methods. This includes a focus on reducing carbon emissions associated with urea manufacturing and exploring alternative nitrogen sources. Furthermore, the growing awareness of precision farming techniques and efficient fertilizer application methods will influence market growth, impacting the demand for specific urea grades tailored to particular soil conditions and crop types. Government policies and subsidies related to agricultural production and environmental protection will also play a crucial role in shaping the future trajectory of the prilled urea market. Companies are likely to invest in research and development to improve product quality, enhance efficiency, and explore new applications for urea, potentially broadening the market's overall scope and value proposition. The competitive landscape will continue to be dynamic, with mergers, acquisitions, and strategic alliances potentially reshaping the market structure in the coming years.
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The global agriculture carbamide market is experiencing robust growth, driven by the increasing demand for fertilizers to support rising global food production and the expanding livestock sector. The market's Compound Annual Growth Rate (CAGR) is estimated to be in the range of 4-6% between 2025 and 2033, leading to a significant market expansion over the forecast period. This growth is fueled by several factors, including the intensification of agricultural practices, government initiatives promoting agricultural productivity in developing nations, and the increasing adoption of advanced farming techniques. The granular form of carbamide is currently the dominant segment, owing to its ease of application and cost-effectiveness. However, prilled carbamide is gaining traction due to its improved handling and storage properties. Key players such as Yara, CF Industries, and Nutrien are strategically investing in capacity expansion and technological advancements to meet the burgeoning demand. Geographical expansion into emerging markets, particularly in Asia-Pacific and South America, presents substantial growth opportunities. Despite the positive outlook, challenges such as fluctuating raw material prices, environmental concerns related to nitrogen runoff, and the potential impact of climate change on agricultural yields pose restraints on market growth. The market segmentation reveals significant regional variations. North America and Europe, while mature markets, continue to contribute substantially to the overall market size. However, the Asia-Pacific region is anticipated to exhibit the highest growth rate, driven by the intensifying agricultural activities in countries like China and India. This necessitates a strategic focus on regional-specific adaptations and solutions to effectively cater to the unique needs and challenges present in diverse agricultural settings. The competitive landscape is characterized by both established global players and regional producers. The presence of several major players ensures a highly competitive market, incentivizing innovation and efficiency improvements to gain market share. The future outlook is optimistic, provided that sustainable agricultural practices are adopted and environmental concerns are adequately addressed. The consistent expansion of global agricultural production serves as a fundamental driver for the continuous growth of the agriculture carbamide market in the coming decade.
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Urea traded flat at 435 USD/T on July 17, 2025. Over the past month, Urea's price has risen 0.58%, and is up 39.20% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Urea.