Nitrogen costs were already high throughout the 2020 production season, yet the market size is predicted to continue growth. The global Industrial Nitrogen Market was sized at $14 billion 330 million in 2020 and is anticipated to be at a worth of $20 billion 410 million by 2027, with a Compound Annual Growth Rate (CAGR) of 4.7% during this time frame (Industry Research Biz, 2021, p.1). With nitrogen prices predicted to continue increase in the coming years, now is a great time for producers to work on their fertilizer use regime.
Read more about nitrogen cost increase expectations in this article.
