Brazil Held 51.45% of Market Share of the Total Latin America Nitrogenous Fertilizers Market

Date: 2015-08-12

“The Latin America Nitrogenous Fertilizers market is estimated to grow at a CAGR of 3.2% from 2014 to 2019. Ethanol, a common bio-fuel, particularly in Brazil, is advocated over conventional fuels. Increased use of bio-fuels has encouraged farmers to increase their farm production. Sugarcane is used for obtaining ethanol. This has pushed the demand for fertilizers.

The report consists of in-depth study of Latin America Nitrogenous Fertilizers Market and its application in grain and oilseeds, fruits and vegetables, and other crops. In Latin America, nitrogenous fertilizers are majorly used in grains and oilseeds to meet domestic consumption and export demand. The grain and oilseed segment held a share of 68.54% of the total Latin America Nitrogenous Fertilizers market. 

Brazil is the largest country in Latin America which held 51.45% of market share of the total Latin America Nitrogenous Fertilizers market. Brazil is estimated to grow with a higher CAGR than its Latin American counterparts.

Every small and large player wants to acquire major share of the Latin American Nitrogenous Fertilizers market. This highly fragmented market’s major share is captured by Yara Internationals (Norway). The other companies present in the Latin American market and are expand its operations are EuroChem (Switzerland), Bunge (U.S.), Agrium Inc. (Canada), and Potash Corp Inc. (Canada).

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