Fertilizers play an essential role in improving plants' growth and productiveness, thus resulting in soil fertility and maximum yield. It is expected that Europe fertilizer market would gradually grow during the forecast time period. Chemical fertilizers play a crucial role in meeting the agricultural needs of a growing population by supporting the efficient use of arable land and ensuring food security across the globe. According to Renub Research Analysis, Europe Fertilizer Market will be US$ 8.6 Billion by 2027.
In the Central and Southeastern Europe, where the crop yield lags, European demand for potassium, nitrogen and phosphorus is growing during the forecast period. Although, Europe fertilizer industry is going through hard times as most of its content reaches its limit in terms of fertilizer use and arable lands. European Union is mostly dependent on imports for mineral fertilizers. Nitrogen-based fertilizers were traded over the period at the same time when ammonia is included in the nitrogen-based fertilizer the imports were doubled.
Besides, Fertilizer prices are resolute by their physical characteristics as well as logistics cost for delivery to the gates of farms. The price is extremely related to energy prices in nitrogen-based fertilizers as the process reliant upon natural gas. On the other hand, rock-based fertilizer like potassium & phosphate is less linked to energy prices. In addition, factors which are boosting Europe fertilizer market are growing government awareness, surging demand for ammonia fertilizers.
France Dominates the EU Fertilizers Market
France accounted for the most significant share in the European fertilizer market. As per Eurostat, France held 19.6% of the whole market share in 2019, followed by Germany and Poland. Due to a decline in land dedicated to crop production in parts of Western Europe like France, Netherlands, and UK, the consumption of fertilizers per hectare of arable land is predicted to rise in the forecast period. The key factor leading to the conversion of cropland in these countries is transforming arable land for settlement and infrastructure. The shrinkage of farmland has resulted in a greater concentration of fertilizers by farmers to cater to the growing need for food crops across the region.
Chemical fertilizers play a central role in meeting the agricultural needs of a growing population by supporting the efficient use of arable land and ensuring food security on a world scale. and people needs are surging. The United Nations predicts that the population will increase by 2.3 billion people through 2050, and also the world will have to produce 70 per cent more food to fulfil everyone's needs.
However, in Europe, the fertilizer industry is facing a period of struggles. As most of the content reaches its limit in terms of both arable land and fertilizer use—except for Central and Southeastern Europe, where crop yields lag—European demand for nitrogen (0.3%), phosphorus(0.9%), and potassium(1.8%) are expected to stay low through 2022.
Renub Research report titled “Europe Fertilizer Market, by Segment (Nitrogen, Potassium & Phosphate) Type (Nitrate, Urea, UAN, Compound fertilizer & Others), Crop (Wheat, Coarse, Oil Seeds, Potatoes, Sugar Beet, Perm Crop, Fodder Crop, Fertilizer grassland, Others arable) Country (France, Germany, United Kingdom, Spain, Italy, Others) Company (The Mosaic Company, Yara International, Nutrien Limited, K+S Group, CF Industries Holdings, Inc.)". This report will provide all encompasses market trends, key drivers & restraining factors, Merger/acquisition, financial insights on given companies.
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Segment – Market & Volume breakup with 3 viewpoints
• Nitrogen
• Potassium
• Phosphate
Type - Market & Volume
1. Nitrate
2. Urea
3. UAN
4. Compound fertilizer
5. Others
Crop - Volume breakup 9 Crops covered in the Report
1. Wheat
2. Coarse
3. Oil Seeds
4. Potatoes
5. Sugar Beet
6. Perm Crop
7. Fodder Crop
8. Fertilizer grassland
9. Others arable
Country - Volume breakup
1. France
2. Germany
3. United Kingdom
4. Spain
5. Italy
6. Others
All the key players have been covered from 3 Viewpoints
• Overview
• Recent Developments
• Revenue Analysis
Company
• The Mosaic Company
• Yara International
• Nutrien Limited
• K+S Group
• CF Industries Holdings, Inc.
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