According to this report, Europe Phosphatic Fertilizers Market was worth $10.94 billion in 2016 and estimated to be growing at a CAGR of 3.17%, to reach $12.79 billion by 2021. European countries are aiming on diverting their agricultural harvest for bio-diesel production.
Hence, increasing the demand for fertilizers in the region
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Phosphatic Fertilizers market has progressed into a key agricultural contribution for recovering crop phosphate deficiencies. Phosphorus is a crucial macronutrient essential for finest crop production, with respect to the usage of fertilizer.
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With an upsurge in use of bio-fuel the goods prices also increases accordingly. This fosters the farmers to employ phosphate fertilizers for growing production.
The European agricultural policy has constantly supported the extension in production by endorsing the use of fertilizers. Fast growth in population demands greater food production.
This is inspiring farmers to consume finest quality fertilizers to gain higher yields. Conversely, production charges of these fertilizers are a probable restraint to the growth of this market.
- By Type
- 1 Diammonium Phosphate (DAP)
- 2 Monoammonium Phosphate (MAP)
- 3 Superphosphate
- 4 Other Type of phosphates
- By Application
- 1 Grains & Oilseeds
- 2 Fruits & Vegetables
- 3 Other Applications
Geographically the market of Europe region is segmented into Germany, U.K., Italy, Spain and France. European Phosphatic Fertilizers Market is dominated by Spain, followed by Germany and France.
The demand for phosphate fertilizers is increased in the European region due to considerable rise in meat consumption.
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Benefits of this report
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The key players covered in this report are CF Industries Holdings Inc. (U.S.), OCP (Morocco), Agrium Inc., (Canada), Potash Corp.
of Saskatchewan (Canada), Mosaic (U.S.), Eurochem (Russia), ICL (Israel), Yara International ASA (Norway), Coromandel International Ltd. (India), and Phosagro (Russia).
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