Market Size of europe micronutrient fertilizer Industry
| Icons | Lable | Value |
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Study Period | 2016 - 2030 |
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Market Size (2024) | USD 1.60 Billion |
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Market Size (2030) | USD 2.38 Billion |
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Largest Share by Product | Zinc |
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CAGR (2024 - 2030) | 6.84 % |
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Largest Share by Country | Russia |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Europe Micronutrient Fertilizer Market Analysis
The Europe Micronutrient Fertilizer Market size is estimated at USD 1.60 billion in 2024, and is expected to reach USD 2.38 billion by 2030, growing at a CAGR of 6.84% during the forecast period (2024-2030).
- Largest Segment by Type - Zinc : Wide spread of alkaline and calcareous soils in the region and growing staples like maize, wheat in large area demanding the more zinc micronutrient fertilizers.
- Fastest growing segment by Type - Boron : The more sandy soils with acidic PH in the region are more suceptable to boron deficiency and high concentration of calcareous soils also affects boron availability in soils
- Largest Segment by Crop Type - Field Crops : The domination of field crops in Europe Fertilizers market is mainly due to its large cultivation area in the region. They account for more than 95% of total crop area.
- Largest segment by Country - Russia : Need for high productivity on the available land to meet the growing demand for food which is attributed to growing population.It accounts for about 4.46% of Europe crop area.
