Nitrogen Stabilizer Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product (Nitrification Inhibitor, Urease Inhibitor) and Region Forecast 2019-2030

Nitrogen Stabilizers Market Dynamics

There is a continuous increase in the cost of nitrogen fertilizer. There is about an 80% increase in nitrogen fertilizer cost in 2021, causing a huge burden for farmers globally. Thus, people are looking to increase the sustainability and efficiency of nitrogen fertilizer they have to use for good yield. Nitrogen stabilizers, showing lucrative potential to meet this requirement, are increasing in popularity. Moreover, stabilizers yield better (around 35-40% on average) than traditional nitrogen fertilizers. Thus, these cumulative factors are expected to drive the growth of the nitrogen stabilizer products market. The inclusion of advanced technology in agrochemicals gave rise to the fertilizer-stabilizer combo, which ensures the proper mixing of different components of fertilizer and stabilizer in a single bag.

The advancement in solvent technology also propels the nitrogen stabilizer sales as better solvent property gives better spreadability and ease of use. However, with the popularity of sustainable agricultural practices, the traction for organic-based products is also increasing. Organic products are already proven to reduce the carbon footprint and are also being supported by governments which can be expected to restrain the market growth. Digital Service includes information channels and sensors that give real-time data of the soil features like moisture content, fertilizers content, etc., that provide hands-on insight to the farmers, which helps in increasing productivity. With the increase in digital-based services globally, these services increase confidence in the product and can become lucrative opportunities for the nitrogen stabilizer market. In 2021, the nitrification inhibitor market segment accounted to have 64.4% and 35.6% for the urease inhibitor market