Market Overview:
The global agriculture grade ammonium bicarbonate market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for agriculture grade ammonium bicarbonate from various applications such as farmland, greenhouses, nurseries and others. Moreover, the growing awareness about the benefits of using agriculture grade ammonium bicarbonate is also expected to fuel the market growth during the forecast period. On basis of type, 90%-95% segment held a dominant share in terms of value in 2017 and is anticipated to maintain its dominance throughout the forecast period. This can be attributed to its high purity levels that make it suitable for various agricultural applications. However, above 95% segment is projected grow at a higher CAGR owing to increasing demand for high-purity agrochemicals across different geographies. On basis of application, farmland held a major share in 2017.
Product Definition:
A white crystalline solid, NH4HCO3, used as a fertilizer and in the manufacture of baking powder.
90%-95%:
90%-95% of ammonium bicarbonate is used in agriculture for the application as fertilizers. It plays an important role in maintaining soil pH levels and acts as a leavening agent during fermentation processes. 90%-95% of the product is manufactured using calcium carbonate, which is derived from limestone by means of thermal decomposition process at high temperature and pressure.
Above 95%:
Ammonium bicarbonate is widely used in agriculture to increase pH of the soil, which helps in increasing crop yield. It also has applications as a leavening agent and dough strengthener. The product is manufactured using both synthetic and natural raw materials; however, the majority of it is produced from natural sources.
Application Insights:
The others application segment accounted for the largest revenue share of over 40% in 2017. The product is widely used in agriculture owing to its ability to remove acid gases, such as hydrogen chloride, carbon dioxide and ammonia from the air. It is also used in water treatment applications on account of its superior properties including high reactivity and low solubility.
Ammonium bicarbonate is majorly used for fertilizing farmland due to its ability to maintain soil structure and improve plant growth. In addition, it increases yield as well as crop quality when applied according to the requirement of the land use type (light or heavy soils). The product has a positive impact on soil microorganisms that aid plant roots by providing essential nutrients such as nitrogen & phosphorus at a required rate which eventually leads towards increased crop productivity over time.
Regional Analysis:
Asia Pacific was the largest market in 2016 and is expected to continue its dominance over the forecast period. The region accounts for nearly half of global population and has been witnessing rapid urbanization, which is projected to drive product demand from 2017 to 2030. Furthermore, increasing disposable income levels coupled with growing awareness regarding crop nutrition are anticipated to fuel industry growth over the coming years.
The European market was valued at USD X million in 2016 and is expected witness slow growth as compared to Asia Pacific due primarily by declining fertilizer consumption rates coupled with stringent environmental regulations aimed at reducing ammonia emissions into water bodies from manufacturing facilities across member states of the EU5 (Germany, France, Italy, UK).
Growth Factors:
- Increasing demand for food due to population growth
- Rising disposable income of consumers in developing countries
- Technological advancements in agriculture sector
- Government initiatives to promote agriculture sector
- Growing awareness about the benefits of using ammonium bicarbonate in agriculture
Scope Of The Report
Report Attributes
Report Details
Report Title
Agriculture Grade Ammonium Bicarbonate Market Research Report
By Type
90%-95%, Above 95%
By Application
Farmland, Greenhouses, Nurseries, Others
By Companies
Anhui Jinhe, Haoyuan Chemical, Anhui Huaertai Chemical, Jinshi Group, Huaqiang Group, Shandong Hualu-Hengsheng Chemical, Jinyimeng Group, Weijiao Group, Jiuyuan Chemical, Fengxi Fertilizer
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
226
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Agriculture Grade Ammonium Bicarbonate Market Report Segments:
The global Agriculture Grade Ammonium Bicarbonate market is segmented on the basis of:
Types
90%-95%, Above 95%
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Farmland, Greenhouses, Nurseries, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Anhui Jinhe
- Haoyuan Chemical
- Anhui Huaertai Chemical
- Jinshi Group
- Huaqiang Group
- Shandong Hualu-Hengsheng Chemical
- Jinyimeng Group
- Weijiao Group
- Jiuyuan Chemical
- Fengxi Fertilizer
Highlights of The Agriculture Grade Ammonium Bicarbonate Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 90%-95%
- Above 95%
- By Application:
- Farmland
- Greenhouses
- Nurseries
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Agriculture Grade Ammonium Bicarbonate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Agriculture grade ammonium bicarbonate is a white, odorless powder that is used as a soil amendment to help increase the pH of soils. It helps to neutralize acids and make soils more alkaline, which can improve plant growth and yield.
Some of the major companies in the agriculture grade ammonium bicarbonate market are Anhui Jinhe, Haoyuan Chemical, Anhui Huaertai Chemical, Jinshi Group, Huaqiang Group, Shandong Hualu-Hengsheng Chemical, Jinyimeng Group, Weijiao Group, Jiuyuan Chemical, Fengxi Fertilizer.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Agriculture Grade Ammonium Bicarbonate Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Agriculture Grade Ammonium Bicarbonate Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Agriculture Grade Ammonium Bicarbonate Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Agriculture Grade Ammonium Bicarbonate Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Agriculture Grade Ammonium Bicarbonate Market Size & Forecast, 2020-2028
4.5.1 Agriculture Grade Ammonium Bicarbonate Market Size and Y-o-Y Growth
4.5.2 Agriculture Grade Ammonium Bicarbonate Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 90%-95%
5.2.2 Above 95%
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Farmland
6.2.2 Greenhouses
6.2.3 Nurseries
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Agriculture Grade Ammonium Bicarbonate Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Agriculture Grade Ammonium Bicarbonate Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 90%-95%
9.6.2 Above 95%
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Farmland
9.10.2 Greenhouses
9.10.3 Nurseries
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 90%-95%
10.6.2 Above 95%
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Farmland
10.10.2 Greenhouses
10.10.3 Nurseries
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 90%-95%
11.6.2 Above 95%
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Farmland
11.10.2 Greenhouses
11.10.3 Nurseries
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 90%-95%
12.6.2 Above 95%
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Farmland
12.10.2 Greenhouses
12.10.3 Nurseries
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 90%-95%
13.6.2 Above 95%
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Farmland
13.10.2 Greenhouses
13.10.3 Nurseries
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Agriculture Grade Ammonium Bicarbonate Market: Competitive Dashboard
14.2 Global Agriculture Grade Ammonium Bicarbonate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Anhui Jinhe
14.3.2 Haoyuan Chemical
14.3.3 Anhui Huaertai Chemical
14.3.4 Jinshi Group
14.3.5 Huaqiang Group
14.3.6 Shandong Hualu-Hengsheng Chemical
14.3.7 Jinyimeng Group
14.3.8 Weijiao Group
14.3.9 Jiuyuan Chemical
14.3.10 Fengxi Fertilizer
