The Latin America Nitrogenous Fertilizers Market is highly competitive and no single player dominates the market. A large number of small players hold the major share of the Latin American nitrogenous fertilizers market. In 2014, Yara International (Norway) led the Latin America Market with a market share of 16.00% followed by EuroChem (Switzerland). These companies are active in all major countries of Latin America such as Brazil, Argentina, and others.
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To maximize profits, these global firms have engaged in business strategies such as agreements, partnerships, and collaborations for all types of nitrogenous fertilizers. For instance, Yara International (Norway) successfully completed the acquisition of OFD Holdings Inc. OFD owns and operates a fertilizer production facility in Cartagena (Colombia). This acquisition will help Yara International to increase its distribution across Latin America.
Along with Yara International (Norway), EuroChem (Switzerland) is a major player in the Latin American Nitrogenous Fertilizers Market. EuroChem, one of the largest producers of fertilizers, purchased 2,150 acres in Iberville, U.S. It will cater the need of the growing demand of the Latin American Nitrogenous Fertilizers Market.
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In this market, companies are adopting strategies such as partnerships, agreements, collaborations, joint ventures, acquisitions, and expansions. The firms follow these strategies to take advantage of new technologies introduced in the market.
Other companies competing for the major share of the Latin American Nitrogenous Fertilizers market are Agrium Inc. (Canada), Potash Corp Inc. (Canada), Bunge (U.S.), and others.
