Europe Fertilizer Market will be US$ 8.6 Billion by 2027. Forecast by Segment (Nitrogen, Potassium & Phosphate), Type (Nitrate, Urea, UAN, Compound fertilizer & Others), Crop, Country, and Company Analysis.
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 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 continent 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.
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.
• The Mosaic Company • Yara International • Nutrien Limited • K+S Group • CF Industries Holdings, Inc.
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