Mexico Nitrogen Market Research Report, 2029

Nitrogen use in Mexico has a long history that coincides with the rise of modern agriculture in the mid-twentieth century. Initially, its use was relatively modest, reflecting traditional farming practices. However, as agricultural practices advanced and the need for higher crop yields became more pressing, the demand for nitrogen fertilisers climbed significantly. This growth trend reflects Mexico's transition from subsistence to commercial agriculture, with a focus on increasing productivity through improved soil fertility. Nitrogen fertilisers played a critical part in this shift, allowing for the development of high-value crops including fruits and vegetables. Over time, Mexico's agricultural environment has become increasingly reliant on nitrogen inputs to maintain yields and satisfy the needs of a growing population. Mexican agriculture is heavily reliant on nitrogen fertilisers, particularly in the development of high-value commodities such as fruits and vegetables. This dependency reflects the industry's need for increased productivity and profitability in a highly competitive global market. In response to growing concerns about environmental sustainability and resource efficiency, there is a clear shift toward the use of controlled-release fertilisers. These novel technologies provide a technique of optimising nutrient delivery to plants while avoiding the negative environmental implications associated with traditional fertilisation practices. The adoption of controlled-release fertilisers reflects a larger trend in Mexico's agriculture sector toward more sustainable and technologically advanced crop production methods. According to the research report “Mexico Nitrogen Market Research Report, 2029," published by Actual Market Research, the Mexico Nitrogen market is projected to with more than 9% CAGR from 2024 to 2029. A number of causes contribute to Mexico's demand for nitrogen, the most important of which are the expansion of the agricultural sector and the country's growing population. As the country aspires for greater food security and economic success, there is an increasing need to increase agricultural production through the prudent use of fertilisers. However, this effort is not without its hurdles, the most significant of which being the volatility of global fertiliser prices. Fluctuations in the cost of nitrogen inputs can place a strain on farmers, affecting their profitability and operational viability. Furthermore, there are growing worries about the long-term viability of nitrogen-intensive farming systems, with rising research pointing to soil and environmental deterioration as potential side effects of excessive fertiliser use. The Mexican government is responsible for managing the fertiliser business, adopting policies and regulations to ensure both fertiliser quality and the integrity of agricultural techniques. These steps are critical in ensuring farmers' access to dependable and effective fertilising supplies while reducing dangers to human health and the environment. Furthermore, environmental rules are designed to encourage sustainable agriculture methods that reduce nitrogen runoff and other types of pollution. Policymakers hope to create a balance between agricultural productivity and environmental stewardship in Mexico's rural landscape by rewarding the use of eco-friendly farming techniques and encouraging greater responsibility within the fertiliser supply chain.

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In terms of products, compressed gas involves reducing its volume while maintaining a constant temperature or allowing it to change, achieved typically by applying pressure to the gas. This process enhances gas density, facilitating various industrial, scientific, and practical applications such as refrigeration, air conditioning, power generation, and gas storage. On the other hand, liquid nitrogen, a cryogenic liquid with a boiling point of -196 degrees Celsius (-321 degrees Fahrenheit) at atmospheric pressure, consists of diatomic nitrogen molecules (N2) and is produced through the cooling and condensing of nitrogen gas. Regarding applications, the commercial sector pertains to activities related to commerce or business, encompassing transactions aimed at generating profit, including buying, selling, advertising, and marketing goods and services. It involves interactions between businesses or between businesses and consumers. In contrast, the industrial domain encompasses processes, activities, or systems associated with large-scale production of goods across various sectors such as manufacturing, construction, energy production, and transportation. Utilising machinery, technology, and specialised labour, industrial processes transform raw materials or components into finished products for consumption or distribution. Lastly, the end-user industries for these products and applications include food and beverage, oil and gas/petrochemical, metal manufacturing and fabrication, electronics, pharmaceuticals and healthcare, and chemicals. Each industry employs compressed gas and liquid nitrogen for diverse purposes, ranging from food preservation and oil refining to metal fabrication and pharmaceutical manufacturing, showcasing the versatility and widespread utility of these products across multiple sectors. Established businesses dominate the Mexican nitrogen market, although there is a noticeable development of new competitors focused on specialty fertilisers and controlled-release technologies. These newcomers are introducing new dynamics into the industry landscape, which has the potential to undermine the dominance of old heavyweights. Recent industry news has highlighted growing concerns about global fertiliser shortages, which are mostly due to geopolitical conflicts, notably those affecting Mexican prices. Furthermore, there has been a noticeable trend toward increasing domestic nitrogen production capacity, indicating a deliberate change toward self-sufficiency and less reliance on imports. Mexico relies extensively on nitrogen imports, with substantial percentages coming from the United States, China, and Russia. However, domestic production capacity remains restricted, making it difficult for the country to meet its nitrogen demands on its own. Mexico consumes less nitrogen per acre than other South American countries, such as Brazil. Nonetheless, there is significant development potential as agricultural methods shift to more intensive methodologies. Marketing methods in the Mexican nitrogen market mostly target farmers directly, stressing product benefits like increased crop yields and soil health. These direct engagements are intended to strengthen ties with end customers while highlighting the value propositions of nitrogen-based goods. During the COVID-19 epidemic, the worldwide fertiliser supply chain experienced difficulties, resulting in transitory price variations in the Mexican market. However, the long-term consequences are unpredictable, highlighting the market's vulnerability to foreign shocks. Considered in this report • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • Nitrogen market Outlook with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation

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Kripa Shah

Senior Analyst

By Product • Compressed Gas • Liquid Nitrogen By Application • Commercial • Industrial By End User • Food & Beverage • Oil & Gas/Petrochemical • Metal Manufacturing & Fabrication • Electronics • Pharmaceuticals & Healthcare • Chemicals

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The approach of the report: This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Nitrogen industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.