Granular Urea Market Analysis

Product Type (Fertilizer, Feed, Technical Grade)

The fertilizer grade segment in the granular urea market is estimated to gain a robust revenue share of 38% in the coming years owing to the growing demand for food. Granular urea is efficient in enhancing agricultural processes, therefore it is widely used to meet the demand for food.

Fertilizer grade is considered to be the highest quality nitrogen fertilizer which is used to supply nitrogen to plants, to encourage the growth of green leaves. It also has other benefits such as cost effectiveness, and easy availability which as a result is expected to propel the population to adopt fertilizer-grade granular urea.

According to estimates, by 2050, the demand for food is anticipated to rise globally by over 65%.

Application (Agriculture, Chemical, Building & Construction)

The agriculture segment is set to hold 46% share of the global granular urea market in the near future owing to an increasing usage of granular urea in the agriculture sector. Granular Urea is heavily used in the agricultural sector as a nitrogen fertilizer owing to its various advantages over prilled urea.

It has around 46% nitrogen concentration, and it is extensively utilized in horticulture, agriculture, and pasture growth to increase crop yields. By controlling and eradicating undesirable vegetation farmers use granular urea to protect crops and plants.

Our in-depth analysis of the global granular urea market includes the following segments: