The Europe fertilizer market shall have a steady CAGR of 2.5% over the forecast period of 2017-2022, as the nutrient requirements and active ingredients usage are set to rise. The Europe Fertilizer market size is estimated to be USD XX million in 2017 and is estimated to reach a market value of USD XX million by 2022. Acquisitions and Joint ventures are the major strategies followed the major players in the industry.
High population densities leading to food security concerns in the region, along high export demand of food products from the region are driving the Europe fertilizer market. Moreover, the European Union supports responsible use of fertilizers in the region. While the potential of growth is comparatively high with product innovations and demand for healthy, nutrient-rich foods, the demand would be restricted by the expanding application of organic fertilizers and regulatory constraints.
By type, the market is divided into nitrogen, phosphorus, potash and other macro fertilizers wherein nitrogen-based fertilizers account for the highest market share. By application, the market is explained by crop and non-crop usage.
The European fertilizers market demand is led by export oriented agricultural countries like- Germany, France and the United Kingdom. Italy and other European countries would experience higher growth over the forecast period.
Key Industry Players
Major European fertilizers companies accounting for substantial market share are:
Geographical expansion with country specific product innovations is the major strategy followed by market players.
Key Deliverables in the Study