2016 - 2026
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The European fertilizer market is estimated to register a CAGR of 3.5% during the forecast period (2021-2026). The impact of COVID-19 on the fertilizer market in Europe has been minimal, owing to the priority status of commodities. Thus, supply chain disruptions due to the trade restrictions have not severely affected the supply of fertilizers to the European market.
In 2019, France accounted for the largest share in the fertilizer market in terms of consumption, followed by Germany and Poland. The nitrogen fertilizer segment occupied the largest share in the overall market. Owing to a shift toward decarbonization of energy in Europe, the market for 'green' ammonia fertilizers is expected to grow rapidly during the forecast period.
In 2017, the increase in consumption of bio-fuel and bio-energy in Europe increased the demand for fodder crops. Fodder crops are the more fertilizer-consuming crops, which has increased the demand for the consumption of fertilizers in Europe.
The fertilizers market is fragmented with the top international players, like Yara International ASA, EuroChem, Nutrien (Agrium and PotashCorp), CF Industries Holdings, The Mosaic Company, and Terra Nitrogen Company, among others, in addition to many small players capturing the overall market in Europe.
Scope of the Report
Fertilizers play an important role in improving plant growth and productiveness, resulting in enhanced soil fertility and maximum yield. The European fertilizers market is segmented by type (nitrogenous fertilizers, phosphatic fertilizers, potassic fertilizers, and other types), application (grains and cereals, pulses and oilseeds, fruits and vegetables, commercial crops, and other applications). The report is also segmented by geography, covering major countries across Europe (Germany, the United Kingdom, France, Italy, Spain, Russia, and Rest of Europe).
|Grains and Cereals|
|Pulses and Oilseeds|
|Fruits and Vegetables|
|Rest of Europe|
Key Market Trends
Increase in Demand for Ammonia Fertilizers
The Food and Agricultural Policy Research Institute by the University of Missouri reports that the total fertilizer consumption in Europe increased from 11,584.0 thousand metric tons in 2010 to 12,472.0 thousand metric tons in 2018. The low-carbon economy through decarbonization is an initiative from the European Climate Foundation (ECF) which dates back to the European Commission's Energy Roadmap in 2011. According to the Feeding Life 2030 Report published by Fertilizers Europe in 2018, ammonia, which is the raw material for nitrogen fertilizer production, can be made from 'green' hydrogen derived from the electrolysis of water through renewably produced electricity, like solar, wind, or thermal energy. This development is expected to further drive the production of ammonium nitrate fertilizers, which are less environmentally hazardous, thereby, boosting the overall consumption of fertilizers across Europe.
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France Dominates the European Fertilizers Market
France accounted for the largest share in the European fertilizer market. As per Eurostat, France held 19.6% of the total market share in 2019, followed by Germany and Poland. The demand for phosphatic fertilizer is increasing at a slower pace than nitrogenous fertilizer, owing to insufficient supplies of phosphate rocks in France. Additionally, the rate of application of phosphatic fertilizers is low in Europe, owing to their low rate of diffusion of phosphorous and residual effect in crops and soil. Ammonium nitrate is the most commonly used nitrogenous fertilizer in France. The major factor leading to the conversion of cropland in Western European countries, like the United Kingdom, Germany, and Poland, is the transformation of arable land for settlement and infrastructure. The shrinkage of farmland has resulted in the usage of a greater concentration of fertilizers by farmers to cater to the growing need for food crops across the region.
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The European fertilizers market is highly fragmented, with the international players capturing the overall market, in addition to many small players competing with world leaders. Yara International ASA, EuroChem, Nutrien (Agrium and PotashCorp), CF Industries Holdings, The Mosaic Company, Anwil SA, Cargill, and Terra Nitrogen Company are the few active players in the market. The most adopted strategies by these companies have been mergers and acquisitions and investments in R&D and facility expansions to maintain a strong customer base across Europe.
- In February 2021, Yara International signed a letter of intent with Skycraft and Aker Horizon to establish Europe's first large-scale green ammonia project in Norway. This is expected to make Yara one of the major players in producing green ammonia in the European region during the forecast period.
- In June 2019, Eurochem AG Group opened a new ammonia fertilizer production plant in Kingsepp, Russia. This is said to be the largest single-train production capacity plant in Europe.
Table of Contents
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.4 Market Restraints
4.5 Industry Attractiveness - Porter's Five Forces Analysis
4.5.1 Bargaining Power of Buyers/Consumers
4.5.2 Bargaining Power of Suppliers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Nitrogenous Fertilizers
220.127.116.11 Calcium Ammonium Nitrate (CAN)
18.104.22.168 Ammonium Nitrate
22.214.171.124 Ammonium Sulfate
126.96.36.199 Other Nitrogenous Fertilizers
5.1.2 Phosphatic Fertilizers
188.8.131.52 Mono-Ammonium Phosphate (MAP)
184.108.40.206 Di-Ammonium Phosphate (DAP)
220.127.116.11 Triple Superphosphate (TSP)
18.104.22.168 Other Phosphatic Fertlizers
5.1.3 Potassic Fertilizers
5.1.4 Other Types
5.2 By Application
5.2.1 Grains and Cereals
5.2.2 Pulses and Oilseeds
5.2.3 Fruits and Vegetables
5.2.4 Commercial Crops
5.2.5 Other Applications
5.3 By Geography
5.3.2 United Kingdom
5.3.7 Rest of Europe
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Yara International ASA
6.3.2 EuroChem Group AG
6.3.4 CF Industries Holdings
6.3.5 The Mosaic Company
6.3.6 Anwil SA
6.3.7 Bunge (BG)
6.3.8 Archer-Daniels-Midland (ADM)
6.3.10 Terra Nitrogen Company
6.3.11 Bayer - Monsanto
6.3.13 Makhteshim Agan Industries Ltd
6.3.14 Nufarm Limited
6.3.15 Syngenta AG (ChemChina)
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. AN ASSESSMENT OF COVID-19 IMPACT ON THE MARKET
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Frequently Asked Questions
What is the study period of this market?
The Europe Fertilizer Market market is studied from 2016 - 2026.
What is the growth rate of Europe Fertilizer Market?
The Europe Fertilizer Market is growing at a CAGR of 3.5% over the next 5 years.
Who are the key players in Europe Fertilizer Market?
- Yara International ASA
- CF Industries Holdings
- The Mosaic Company
Are the major companies operating in Europe Fertilizer Market.