Italy is expected to witness the fastest growth among the European countries. The Italian micronutrient fertilizers segment was worth USD 80.44 million in 2016, and is expected to register a CAGR of 8.37% during the forecast period 2018-2023. The consumption of fertilizers in Italy is considerably high, compared to other countries in the European market. The same trend is seen in micronutrient fertilizers as well. Italy accounts for about 20% share of the European micronutrient fertilizer segment.
Increasing Focus Toward Micronutrient Fertilizers
Argus FMB Europe Fertilizer conference held in 2017 in Europe focused on micronutrients. The conference was dedicated to specific crops, specific micronutrients, and people in the European market and offered a balance of technical and scientific content, alongside access to commercial and business opportunities in the European region.
UK is One of the Largest Markets
The UK micronutrient fertilizer segment was worth USD 128.26 million in 2016. The market is expected to register a CAGR of 7.26% during the forecast period of 2018-2023. The UK micronutrient fertilizer segment is the largest in Europe, in terms of revenue, capturing 26% of market share in Europe in 2016. Easy regulatory structure for product registration is one of the motivating factors for the UK market. Fertilizers do not have to be registered prior to sale in the country. Hence, micronutrient fertilizers can be launched directly into the market and this is one of the major reasons for the growth of the industry in the country.
Major Players: Bayer Crop Science, DowDuPont, Yara International, BASF SE, Monsanto Company, and Syngenta AG, among others.
Reasons to Purchase the Report
- Identify the dominating and fastest-growing countries in the Europe micronutrient fertilizer market and their growth trends during the forecast period
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- Identify the latest developments, market shares, and strategies employed by the major market players
- 3-month analyst support, along with the Market Estimate sheet (in Excel)
Customization of the Report
- This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
