Decreasing per capita arable land is expected to drive the growth of the 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.
The Important Elements of the Europe Fertilizers Market
decreasing crop prices is further expected to fuel market growth. Besides, the advent of advanced technologies such as precision agriculture, and vertical farming, among others, is further expected to create lucrative opportunities for market growth through 2025. Furthermore, benefits such as ease of use, easy availability, and affordability, among others, associated with fertilizers, are expected to further fuel the market growth over the next few years. Besides, the growing adoption of organic and biofertilizers is expected to foster market growth during the forecast period.
However, the sudden outbreak and spread of the pandemic COVID-19, with European countries such as Italy, Spain, Germany, and the United Kingdom being drastically hit by the pandemic, has also negatively impacted 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 market growth in the region. Also, strict regulatory policies might restrict market growth over the next few years.
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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 the 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 its ease of use and handling.
The Major Competitors of Europe Fertilizers Market
- 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 the 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 of the fertilizer industry in the region followed by Germany and Poland. Additionally, the presence of major market players such as BASF SE, Syngenta AG, and Bayer Crop Science, among others in the region is expected to create lucrative opportunities for 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 the Europe fertilizers market.
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