According to Custom Market Insights (CMI), The Global Calcium Nitrate Market Size was valued at USD 13.77 billion in 2021 and is estimated to reach USD 21.24 billion by the end of 2030 at a CAGR of approximately 6.12% during the forecast period 2022-2030.
Calcium nitrate is mainly utilized as a fertilizer in the agricultural sector as it contains a high level of calcium and nitrogen, which helps boost the plant’s cell composition and structure, which in turn improves the productivity of the crop. Calcium nitrate boosts the capacity of the plant to absorb potassium, magnesium and calcium, which proved to be the main components that help to increase the plant’s productivity and hence increase the revenue return obtained by the producer. Calcium nitrate has been used in various other sectors, which helps the market to show considerable growth.
Browse the full “Calcium Nitrate Market Size, Trends and Insights By Application (Fertilizers, Water treatment, Explosives, Concrete and mortars, Others), By Method (Limestone, ammonium nitrate, Phosphate rock), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” report at https://www.custommarketinsights.com/report/calcium-nitrate-market/.
Market Dynamics
Drivers
The increasing interest in calcium ammonium nitrate for its agricultural benefits has tremendously boosted the market’s size. The lesser side effects which are noted with the use of this component have helped to drive the market tremendously. A high yield can be obtained from the plants using calcium nitrate as it contains nitrogen, and calcium in high concentration has made it a popular product among farmers.
The quality of fruits to a great extent with the use of calcium nitrate as a fertilizer. A lustrous appearance can be obtained over the fruits with the help of this fertilizer. The color of the vegetables is also enhanced due to the presence of nitrogen and calcium, which greatly boosts the crop’s production. These multiple reasons emerge as the driving forces for the market’s growth.
Restraints
Chemical fertilizers have certain risks that need to be dealt with when used in excess. These side effects might have a major impact on the growth of the global market for calcium nitrate. Excessive use of calcium nitrate as fertilizers for plants leads to inflammation of the eyes and swelling in certain cases. Skin aggravations can be noted, which are accompanied by itching.
Unsteadiness has also become a common side effect observed with the excessive use of calcium nitrate. Breathing difficulties also emerge as one of the risks associated with the use of calcium nitrate. Loss of vision and mouth ulcers are the other side effects presented among the patients. For the people who utilize calcium nitrate on a large scale, effects have been noted in their lungs due to continuous breathing in the environment where calcium nitrate has been used. These multiple reasons emerge as the restraining factors for the market.
Opportunities
Using calcium nitrate for wastewater treatment emerges as a major opportunity for the market’s growth and is considered to continue in the future. The property of calcium nitrate, which suppresses bad in sewage treatment plants, makes it a most popular product used by the municipals. The increasing population worldwide has increased the demand for food products which is supported by the use of calcium nitrate as a fertilizer that helps boost the productivity of the fields and the soil.
The immunity of the plants is increased to a great extent, making them resistant to a number of infectious and infestations. The increasing demand for advanced compost has helped the market to record significant growth. These major reasons emerge as opportunities for market growth during the forecast period.
Challenges
The various side effects of chemical fertilizers have emerged as a major challenge to the market’s growth. Key market players are conducting research and development programs to introduce better products into the market, which has increased the cost of fertilizers. The introduction of modern technologies and products boosts the total cost of production and hence emerges as a major challenge for the market’s growth during the forecast period. These multiple reasons emerge as challenges to the growth of the market.
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Report Highlights
Based on application, fertilizers have emerged as the leading segment due to their extensive demand worldwide, with the rapidly increasing need for food supplies to meet the needs of the growing population. The agricultural sector has greatly benefited from using calcium nitrate as a fertilizer.
Based on process, calcium ammonium nitrate has emerged as the largest market due to its vast variety of benefits to the plants, which helps to increase productivity and improve profits. The multiple benefits which are obtained with the use of calcium nitrate reduce the total cost of production. Based on geography, the region of Asia Pacific has emerged as the largest market and consumer of calcium nitrate as it is a major agricultural sector that uses this product as fertilizer. This region is heavily populated. Hence it emerges as a leading market player in the calcium nitrate market.
Regional Snapshots
The geographical sector of Asia Pacific has emerged as the fastest growing market for calcium nitrate, which resulted from the extensive demand in the agricultural sector as it is used as a fertilizer for crops. As this part of the globe emerges as a major agricultural sector, the use of calcium nitrate is honored larger scale to improve the productivity of the plants.
Rapid urbanization and industrialization, which have taken place in the Asia Pacific region, stand as a major reason for the growth of the calcium nitrate market. Significant supporters of this market in this region have made this geographical part of the globe a major contributor. The region of North America has also emerged as a major market for the growth of this industry. Rapid industrialization, which has taken place all over the world, has greatly boosted the market’s size over the years.
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