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
- Regional and country-level analysisand forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
- Segment-level analysisin terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC)in the market and their impact on shifting market dynamics
- Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
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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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