Europe Fertilizers Market to Witness Significant Growth During Next Five Years
Decreasing per capita arable land is expected to drive the growth of Europe fertilizers market..
According
to TechSci Research report, “Europe Fertilizers
Market By Type (Straight v/s Complex), By Origin (Organic, Synthetic,
Bio-fertilizer), By Form (Solid v/s Liquid), By Mode of Application (Foliar
Spraying, Fertigation, Sowing, Broadcasting, Spraying, Drip Method, Others), By
Crop Type (Grains & Cereals, Pulses & Oilseeds, Commercial Crops,
Fruits & Vegetables, Other), By Source (Domestic v/s Import), By
Application (Farming v/s Gardening), By Country, Forecast & Opportunities,
2025”, the Europe fertilizers market
is expected to grow at a steady rate during the forecast period on account of increasing
awareness pertaining to the declining soil fertility and poor soil nutrition
management. Additionally, decreasing crop prices is further expected to fuel
the market growth. Besides, advent of advanced technologies such as precision
agriculture, vertical farming, among others, is further expected to create
lucrative opportunities for the market growth through 2025. Furthermore,
benefits such as ease of use, easy availability, affordability, among others,
associated with fertilizers, is expected to further fuel the market growth over
the next few years. Besides, growing adoption of organic and biofertilizers is
expected to foster the market growth during the forecast period. However, sudden
outbreak and spread of pandemic COVID-19, with European countries such as
Italy, Spain, Germany and United Kingdom being drastically hit by the pandemic,
has also negatively impacted the market growth. The lockdown across the region
has led to the shutting down of fertilizers manufacturing units, import-exports
and agricultural activities. This in turn has led to a demand-supply gap,
thereby hindering the market growth in the region. Also, strict regulatory
policies might restrict the market growth over the next few years.
Browse
XX market data Tables and XX Figures spread through XXX
Pages and an in-depth TOC on " Europe Fertilizers Market"
The Europe fertilizers market is segmented based on type, origin, form, mode
of application, crop type, source, application, company and region. Based on type,
the market can be split into straight and complex. The straight type can
further be categorized into nitrogenous, phosphatic, potash, secondary
macronutrient fertilizers, micronutrient fertilizers and others. Among these,
the nitrogenous fertilizers segment is expected to dominate the market through
2025 owing to the decarbonization of energy in Europe. Based on origin, the
market can be categorized into synthetic, organic and bio-fertilizer. Here, the
organic and bio-fertilizer segment is expected to witness significant growth in
the market owing to the growing awareness pertaining to environmental issues
and sustainable agriculture. Based on form, the market can be bifurcated into
solid and liquid. Among these, the liquid form is expected to dominate the
market through 2025 since they get easily absorbed by the plants and are also
quite stable. Based on mode of application, the market can be fragmented into foliar
spraying, fertigation, sowing, broadcasting, spraying, drip method and others. Here,
the spraying segment is expected to dominate the market owing to the ease of
use and handling.
BASF SE, Bayer Crop Science, Syngenta AG, Yara International ASA,
EuroChem Group AG, Anwil S.A., Archer-Daniels-Midland Europe BV, Nutrien Europe
S.A., The Mosaic Company, CF Industries Holdings, The Scotts Miracle-Gro
Company, Italpollina S.p.a, Valagro, Haifa Group, Fertikal N.V. and others are some
of the leading players operating in Europe fertilizers market. The companies operating
in the market are using organic strategies such as product launches, mergers
and collaborations to boost their share.
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“Europe
fertilizer market is expected to witness significant growth during the forecast period, owing to the
increasing acceptance of modern farming techniques by the farmers, while
ensuring environmental sustainability. France occupies the largest share in the
fertilizer industry in the region followed by Germany and Poland. Additionally,
presence of major market players such as BASF SE, Syngenta AG, Bayer Crop
Science, among others in the region is expected to create lucrative
opportunities for the market growth through 2025.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Europe Fertilizers Market By Type (Straight v/s
Complex), By Origin (Organic, Synthetic, Bio-fertilizer), By Form (Solid v/s
Liquid), By Mode of Application (Foliar Spraying, Fertigation, Sowing,
Broadcasting, Spraying, Drip Method, Others), By Crop Type (Grains &
Cereals, Pulses & Oilseeds, Commercial Crops, Fruits & Vegetables, Other),
By Source (Domestic v/s Import), By Application (Farming v/s Gardening), By Country,
Forecast & Opportunities, 2025”,” has evaluated the future growth potential of Europe fertilizers
market and provides statistics & information on market size, structure and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in Europe fertilizers market.
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