Ammonium Nitrate Market Size, Share, Trend, Forecast, & Industry Analysis

The global ammonium nitrate market size was estimated at USD 17.04 billion in 2023 and is likely to grow at a CAGR of 3.24% during 2023-2028 to reach USD 19.99 billion in 2028. Increasing demand to produce adequate food coupled with growing concerns of arable land across the globe and rapid rise in population has continuously encouraged the adoption of quality fertilizers to secure the food demand.