The global technical urea market size is expected to gain momentum owing to the increasing demand for organic agriculture products and the imposition of stringent regulation on the adoption of safe fertilizers that is likely to drive the demand for optimum quality technical urea across the globe. Fortune Business Insights, published this information in its upcoming report

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What does the Report Include?

The global market for technical urea report includes detailed analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, which are contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to introduce new products, announce partnerships, and collaboration that will further contribute to the market growth between 2020 and 2027. Moreover, the research analyst has adopted several research methodologies such as PESTEL and SWOT analysis to obtain information about the current trends and industry developments that will drive the market growth in the forthcoming years.

DRIVING FACTORS

Increasing Demand for Organic Agricultural Products to Promote Growth

Several harmful fertilizers are toxic for human consumption and can cause severe side-effects when exposed for a longer duration. Therefore, stringent regulations have been imposed by the government to adopt non-toxic fertilizers for crops that is likely to surge the demand for advanced technical urea fertilizers across the agriculture sector. Furthermore, the increasing demand for organic agriculture yield owing to their several benefits such as reduced use of toxins and safer for consumption, is expected to boost the global technical urea market growth during the forecast period.

REGIONAL INSIGHTS

Growing Demand for Nitrogen Urea Fertilizer in Asia-Pacific to Aid Growth

Among all the regions, Asia-Pacific is expected to remain dominant and hold the highest position in the technical urea market in the forthcoming years. This is ascribable to factors such as the growing demand for nitrogen urea fertilizer that aids in controlling air pollution through a catalytic reaction and the rising advancement in agriculture in the region.

The market in North America is anticipated to experience substantial growth during the forecast period. This is attributable to the surging demand for cosmetic creams that consists of technical urea as its base ingredient in the region between 2020 and 2027.

COMPETITIVE LANDSCAPE

Key Players Focus on Acquisition to Expand its Product Portfolio and Boost Sales Revenue

The global technical urea market comprises small, medium, and large companies striving to maintain their stronghold. The large companies are focusing on acquiring other small companies to develop advanced technical urea products and further strengthen their position by expanding their portfolio in the fiercely competitive global marketplace.

Industry Development:

  • May 2019 – HELM Fertilizer Company, a subsidiary of HELM AG, announced the acquisition of CGB Fertilizer. According to the company, the acquisition is aimed at expanding its footprint across the United States and further maintaining its dominance as the largest distributor of fertilizers that include technical urea, and others in the country.

List of the Companies Profiled in the Global Market for Technical Urea:

  • Yara, S.A.
  • AurePio
  • PREMIER
  • Fertiberia
  • Ishita International
  • URALCHEM
  • HELM AG
  • Borealis
  • Others

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