Europe Micronutrient Fertilizer Market - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2028

The Europe Micronutrient Fertilizer Market is segmented Market Snapshot , Product ( Boron, Copper, Iron, Manganese, Molybdenum, Zinc, Others ) , Application Mode ( Fertigation, Foliar, Soil ) , Crop Type ( Field Crops, Horticultural Crops, Turf & Ornamental ) and Country ( France, Germany, Italy, Netherlands, Russia, Spain, Ukraine, United Kingdom )

Market Snapshot

https://s3.mordorlabs.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period: 2016 - 2028
https://s3.mordorlabs.com/base%20year/1629296433432_test~base_year_base_year.svg Base Year: 2021
https://s3.mordorlabs.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Product: Zinc
https://s3.mordorlabs.com/globe/1629285706162_test~globe_globe.svg Largest Share by Country: Russia
https://s3.mordorlabs.com/cagr/1629296433433_test~cagr_cagr.svg CAGR: 3.68 %

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Market Overview

The Europe Micronutrient Fertilizer Market stood at 785.84 million USD in 2022 and is projected to register a CAGR of 3.68% to reach 975.89 million USD in 2028.

  • Largest Segment by Product - Zinc : The region's wide spread of alkaline and calcareous soils and the growing cultivation of staple crops like maize and wheat in large areas are boosting the demand for more zinc micronutrient fertilizers.
  • Fastest-growing Segment by Product - Others : Most of the soils in the region are mollisol, spodosol, and ultisols containing boron of 0.5-0.6 mg/L, thus making them boron deficient and driving the market.
  • Largest Segment by Crop Type - Field Crops : The domination of field crops in the European micronutrient fertilizer market is mainly due to their large cultivation area in the region, i.e., more than 95% of the total crop area.
  • Largest Segment by Country - Russia : The usage of specialty micronutrients increased from USD 6.2 million in 2017 to USD 6.6 million in 2021, driven by the availability of micronutrient fertilizers.

Scope of the Report

Boron, Copper, Iron, Manganese, Molybdenum, Zinc, Others are covered as segments by Product. Fertigation, Foliar, Soil are covered as segments by Application Mode. Field Crops, Horticultural Crops, Turf & Ornamental are covered as segments by Crop Type. and France, Germany, Italy, Netherlands, Russia, Spain, Ukraine, United Kingdom are covered as segments by Country.
Product
Boron
Copper
Iron
Manganese
Molybdenum
Zinc
Others
Application Mode
Fertigation
Foliar
Soil
Crop Type
Field Crops
Horticultural Crops
Turf & Ornamental
Country
France
Germany
Italy
Netherlands
Russia
Spain
Ukraine
United Kingdom
Rest Of Europe

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Key Market Trends

Why is Zinc the largest segment by Product?

  • In the Rest of Europe, countries that consume the majority of fertilizers include Poland, Belgium, and Southeastern European countries, accounting for 51.98% of the value of Europe's micronutrient fertilizer market. The share is anticipated to record a CAGR of 3.2% during the forecast period.
  • By form, the specialty micronutrient market was the largest in 2021, accounting for 55.07%. It is majorly applied on field crops, with a share of about 96.12%. With increased technological and scientific advancements, specialty fertilizer applications are primarily used for field crops. The conventional fertilizer micronutrient market accounted for 44.92%. It is majorly applied on field crops, with a share of about 96.50%.
  • By nutrient type, zinc dominated the micronutrient fertilizers market in the region, accounting for 42.01% in 2021, followed by copper at 24.68% and iron at 15.51%. Similarly, micronutrient fertilizers are mostly applied through foliar application in the region, accounting for 66.17% in 2021, followed by fertigation at 33.82%.
  • Micronutrient deficiency in plants and soil has been steadily increasing. It has become a major cause of concern in the European Union. As a result, factors such as depleting soil health, steadily increasing area under high-value crops, and the requirement for higher productivity, as well as improved awareness about advanced fertilizers and their increasing adoption, may drive the regional market for micronutrient fertilizers during the forecast period.

Why is Russia the largest segment by Country?

  • The micronutrient fertilizer market in Russia is the largest market in the European region, with an expected share of 14% and a market value of USD 109.9 million in 2022, projected to reach USD 136.8 million by 2028 due to the rising population and the need for higher agricultural productivity.
  • The micronutrient fertilizer market in Ukraine accounted for a 7% share of the European micronutrient fertilizer market and was valued at USD 56.5 million in 2021, with a volume consumption of 17.4-kilo metric ton in the same year. The market has been witnessing constant growth in the recent past, even during the COVID-19 pandemic.
  • France is the third-largest market for micronutrient fertilizers in Europe, with an estimated market value of USD 121.9 million in 2022, accounting for a share of 6.0% of the European micronutrient market due to the increasing area under cultivation of horticulture crops, which increased from 1.2 million hectare in 2017 to 1.3 million hectare in 2021, which is further expected to increase in future.
  • The effect of heatwaves in Europe, coupled with the energy crisis, may impact the micronutrient fertilizer consumption in the region. However, the market is anticipated to grow moving forward as Europe has many large farmers who adopted industrial farming, with efficiency being the key motive. These farmers have a higher adoption rate for advanced technology and fertilizers, leading to increased adoption of micronutrient fertilizers.
  • Therefore, factors like degrading soil health, an increase in area under highly valued crop cultivation, the need for higher productivity, increasing knowledge about advanced fertilizers, and the increased availability of fertilizers are expected to drive the European micronutrient fertilizer market during the forecast period.

Competitive Landscape

The Europe Micronutrient Fertilizer Market is fairly consolidated, with the top five companies occupying 94.07%. The major players in this market are Fertiberia, Kingenta Ecological Engineering Group Co., Ltd., Sociedad Quimica y Minera de Chile SA, Valagro and Yara International ASA (sorted alphabetically).

Major Players

  1. Fertiberia

  2. Kingenta Ecological Engineering Group Co., Ltd.

  3. Sociedad Quimica y Minera de Chile SA

  4. Valagro

  5. Yara International ASA

*Disclaimer: Major Players are sorted alphabetically

Market Developments

  • August 2021: COMPO EXPERT got merged into Groupa Azoty a largest nitrogen fertilizer manufacturing company in europe to devolop their business.
  • February 2020: Valagro, announced Yaxe®, a joint venture with e-Novia, the Enterprises Factory based in Milan, Italy. The new venture is focused on innovative digital solutions in agriculture to help optimize crop inputs and resources at the farm level.
  • July 2019: Tradecorp released highly efficient iron chelate with progressive biodegradability IsliFe 8.2, a new solution to identify and correct iron deficiencies even under unfavourable conditions such as calcsreous and alkaline soils as well as extreeme PH ranges.

Table of Contents

  1. 1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. 2. REPORT OFFERS

  3. 3. INTRODUCTION

    1. 3.1 Study Assumptions & Market Definition

    2. 3.2 Scope of the Study​

    3. 3.3 Research Methodology

  4. 4. KEY INDUSTRY TRENDS

    1. 4.1 Acreage Of Major Crop Types

    2. 4.2 Average Nutrient Application Rates

    3. 4.3 Regulatory Framework

    4. 4.4 Value Chain & Distribution Channel Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product

      1. 5.1.1 Boron

      2. 5.1.2 Copper

      3. 5.1.3 Iron

      4. 5.1.4 Manganese

      5. 5.1.5 Molybdenum

      6. 5.1.6 Zinc

      7. 5.1.7 Others

    2. 5.2 Application Mode

      1. 5.2.1 Fertigation

      2. 5.2.2 Foliar

      3. 5.2.3 Soil

    3. 5.3 Crop Type

      1. 5.3.1 Field Crops

      2. 5.3.2 Horticultural Crops

      3. 5.3.3 Turf & Ornamental

    4. 5.4 Country

      1. 5.4.1 France

      2. 5.4.2 Germany

      3. 5.4.3 Italy

      4. 5.4.4 Netherlands

      5. 5.4.5 Russia

      6. 5.4.6 Spain

      7. 5.4.7 Ukraine

      8. 5.4.8 United Kingdom

      9. 5.4.9 Rest Of Europe

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Key Strategic Moves

    2. 6.2 Market Share Analysis

    3. 6.3 Company Landscape

    4. 6.4 Company Profiles

      1. 6.4.1 AGLUKON Spezialduenger GmbH & Co.

      2. 6.4.2 Compo Expert GmbH

      3. 6.4.3 Fertiberia

      4. 6.4.4 Haifa Group Ltd

      5. 6.4.5 Kingenta Ecological Engineering Group Co., Ltd.

      6. 6.4.6 Sociedad Quimica y Minera de Chile SA

      7. 6.4.7 Trade Corporation International

      8. 6.4.8 Valagro

      9. 6.4.9 Verdesian Life Sciences .

      10. 6.4.10 Yara International ASA

  7. 7. KEY STRATEGIC QUESTIONS FOR FERTILIZER CEOS

  8. 8. APPENDIX

    1. 8.1 Global Overview

      1. 8.1.1 Overview

      2. 8.1.2 Porter’s Five Forces Framework

      3. 8.1.3 Global Value Chain Analysis

      4. 8.1.4 Market Dynamics (DROs)

    2. 8.2 Sources & References

    3. 8.3 List of Tables & Figures

    4. 8.4 Primary Insights

    5. 8.5 Data Pack

    6. 8.6 Glossary of Terms

List of Tables & Figures

    Figure 1:  

    EUROPE MARKET, AREA YOY GROWTH RATE, 2016 - 2021

    Figure 2:  

    EUROPE MARKET, AREA YOY GROWTH RATE, 2016 - 2021

    Figure 3:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, VOLUME, METRIC TON, 2016 - 2028

    Figure 4:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, VALUE, USD, 2016 - 2028

    Figure 5:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, VOLUME, METRIC TON, 2016 - 2028

    Figure 6:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, VALUE, USD, 2016 - 2028

    Figure 7:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY PRODUCT, 2016 - 2028

    Figure 8:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY PRODUCT, 2016 - 2028

    Figure 9:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, BORON, METRIC TON, 2016 - 2028

    Figure 10:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, BORON, USD, 2016 - 2028

    Figure 11:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY CROP TYPE, 2016 - 2028

    Figure 12:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, COPPER, METRIC TON, 2016 - 2028

    Figure 13:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, COPPER, USD, 2016 - 2028

    Figure 14:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY CROP TYPE, 2016 - 2028

    Figure 15:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, IRON, METRIC TON, 2016 - 2028

    Figure 16:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, IRON, USD, 2016 - 2028

    Figure 17:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY CROP TYPE, 2016 - 2028

    Figure 18:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, MANGANESE, METRIC TON, 2016 - 2028

    Figure 19:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, MANGANESE, USD, 2016 - 2028

    Figure 20:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY CROP TYPE, 2016 - 2028

    Figure 21:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, MOLYBDENUM, METRIC TON, 2016 - 2028

    Figure 22:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, MOLYBDENUM, USD, 2016 - 2028

    Figure 23:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY CROP TYPE, 2016 - 2028

    Figure 24:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, ZINC, METRIC TON, 2016 - 2028

    Figure 25:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, ZINC, USD, 2016 - 2028

    Figure 26:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY CROP TYPE, 2016 - 2028

    Figure 27:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, OTHERS, METRIC TON, 2016 - 2028

    Figure 28:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY PRODUCT, OTHERS, USD, 2016 - 2028

    Figure 29:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY CROP TYPE, 2016 - 2028

    Figure 30:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, VOLUME, METRIC TON, 2016 - 2028

    Figure 31:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, VALUE, USD, 2016 - 2028

    Figure 32:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY APPLICATION MODE, 2016 - 2028

    Figure 33:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY APPLICATION MODE, 2016 - 2028

    Figure 34:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, FERTIGATION, METRIC TON, 2016 - 2028

    Figure 35:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, FERTIGATION, USD, 2016 - 2028

    Figure 36:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, FOLIAR, METRIC TON, 2016 - 2028

    Figure 37:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, FOLIAR, USD, 2016 - 2028

    Figure 38:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, SOIL, METRIC TON, 2016 - 2028

    Figure 39:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY APPLICATION MODE, SOIL, USD, 2016 - 2028

    Figure 40:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, VOLUME, METRIC TON, 2016 - 2028

    Figure 41:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, VALUE, USD, 2016 - 2028

    Figure 42:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY CROP TYPE, 2016 - 2028

    Figure 43:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY CROP TYPE, 2016 - 2028

    Figure 44:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, FIELD CROPS, METRIC TON, 2016 - 2028

    Figure 45:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, FIELD CROPS, USD, 2016 - 2028

    Figure 46:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY PRODUCT, 2016 - 2028

    Figure 47:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, HORTICULTURAL CROPS, METRIC TON, 2016 - 2028

    Figure 48:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, HORTICULTURAL CROPS, USD, 2016 - 2028

    Figure 49:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY PRODUCT, 2016 - 2028

    Figure 50:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, TURF & ORNAMENTAL, METRIC TON, 2016 - 2028

    Figure 51:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY CROP TYPE, TURF & ORNAMENTAL, USD, 2016 - 2028

    Figure 52:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY PRODUCT, 2016 - 2028

    Figure 53:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, VOLUME, METRIC TON, 2016 - 2028

    Figure 54:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, VALUE, USD, 2016 - 2028

    Figure 55:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

    Figure 56:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

    Figure 57:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, FRANCE, METRIC TON, 2016 - 2028

    Figure 58:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, FRANCE, USD, 2016 - 2028

    Figure 59:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY CROP TYPE, 2016 - 2028

    Figure 60:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, GERMANY, METRIC TON, 2016 - 2028

    Figure 61:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, GERMANY, USD, 2016 - 2028

    Figure 62:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY CROP TYPE, 2016 - 2028

    Figure 63:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, ITALY, METRIC TON, 2016 - 2028

    Figure 64:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, ITALY, USD, 2016 - 2028

    Figure 65:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY CROP TYPE, 2016 - 2028

    Figure 66:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, NETHERLANDS, METRIC TON, 2016 - 2028

    Figure 67:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, NETHERLANDS, USD, 2016 - 2028

    Figure 68:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY CROP TYPE, 2016 - 2028

    Figure 69:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, RUSSIA, METRIC TON, 2016 - 2028

    Figure 70:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, RUSSIA, USD, 2016 - 2028

    Figure 71:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY CROP TYPE, 2016 - 2028

    Figure 72:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, SPAIN, METRIC TON, 2016 - 2028

    Figure 73:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, SPAIN, USD, 2016 - 2028

    Figure 74:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY CROP TYPE, 2016 - 2028

    Figure 75:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, UKRAINE, METRIC TON, 2016 - 2028

    Figure 76:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, UKRAINE, USD, 2016 - 2028

    Figure 77:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY CROP TYPE, 2016 - 2028

    Figure 78:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, UNITED KINGDOM, METRIC TON, 2016 - 2028

    Figure 79:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, UNITED KINGDOM, USD, 2016 - 2028

    Figure 80:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY CROP TYPE, 2016 - 2028

    Figure 81:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, REST OF EUROPE, METRIC TON, 2016 - 2028

    Figure 82:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, BY COUNTRY, REST OF EUROPE, USD, 2016 - 2028

    Figure 83:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET MARKET, SHARE(%), BY CROP TYPE, 2016 - 2028

    Figure 84:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021

    Figure 85:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021

    Figure 86:  

    EUROPE MICRONUTRIENT FERTILIZER MARKET SHARE(%), BY MAJOR PLAYERS, 2021

Market Definition

  • AVERAGE NUTRIENT APPLICATION RATE - This refers to the average volume of nutrient consumed per hectare of farmland in each country.
  • CROP TYPES COVERED - Field Crops: Cereals, Pulses, Oilseeds, Fiber Crops, and Forage Crops, Horticulture: Fruits, Vegetables, Plantation Crops and Spices, Turf Grass and Ornamentals
  • MARKET ESTIMATION LEVEL - Market Estimations for various types of fertilizers has been done at the product-level and not at the nutrient-level.
  • NUTRIENT TYPES COVERED - Micronutients: Zn, Mn, Cu, Fe, Mo, B, and Others

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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms

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Frequently Asked Questions

The Europe Micronutrient Fertilizer Market market is studied from 2016 - 2028.

The Europe Micronutrient Fertilizer Market stood at 785.84 million USD in 2022 and is projected to register a CAGR of 3.68% to reach 975.89 million USD in 2028.

The region's wide spread of alkaline and calcareous soils and the growing cultivation of staple crops like maize and wheat in large areas are boosting the demand for more zinc micronutrient fertilizers.

Most of the soils in the region are mollisol, spodosol, and ultisols containing boron of 0.5-0.6 mg/L, thus making them boron deficient and driving the market.

The domination of field crops in the European micronutrient fertilizer market is mainly due to their large cultivation area in the region, i.e., more than 95% of the total crop area.

The usage of specialty micronutrients increased from USD 6.2 million in 2017 to USD 6.6 million in 2021, driven by the availability of micronutrient fertilizers.

Fertiberia,Kingenta Ecological Engineering Group Co., Ltd.,Sociedad Quimica y Minera de Chile SA,Valagro and Yara International ASA. are the major companies operating in Europe Micronutrient Fertilizer Market.