The market estimated at USD XX million in 2017 is expected to reach USD XX million by 2022 at a CAGR of XX%. Europe is the second largest market for liquid fertilizers in the world and is estimated to grow at a steady rate over the forecast period.
Europe Liquid Fertilizers Market Dynamics
The easy application of liquid fertilizers, enhanced efficiency of food crops, increased demand for food grains, and government subsidies are the major factors stimulating the industry. Some of the restrains to the growth of the market are the regulatory and environmental concerns, high equipment costs and lack of awareness among farmers about the use of liquid fertilizers.
Europe Liquid Fertilizers Market Segmentation
Nitrogen based liquid fertilizers market is the largest among the nutrients type, with a market share of XX%. The market is also segmented by crop type, which includes grains and cereals, oilseeds, fruits, and vegetables. By non-crop type, the market is segmented into turf, ornamental grass and other products. On the basis of the type of ingredient, the synthetic liquid fertilizers hold the majority of the market, but the organic liquid fertilizers are growing at a faster rate.
Based on its application, the market size of the fertigation segment is the highest and its command over the market is expected to continue over the forecast period.
Key Players in the European Liquid Fertilizers Market
The major companies in the sector include:
Key Deliverables in the Study
The report holds importance for the following stakeholders-