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Europe Fertilizer Market Forecast 2027 By Application (Agriculture, Horticulture, Gardening), By Form (Dry, Liquid), By Product (Organic, Inorganic), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
Published Date: June 2021 | Publisher: Graphical Research Report ID: GR1859 | Delivery : PDF  Request Free Sample

Europe Fertilizer Market size surpassed USD 27 billion in 2020 and is anticipated to exhibit a growth of 2% between 2021 and 2027. Expanding regional population along with its growing demand for food will predominantly increase the use of fertilizers for higher crop production across the region.

Europe Fertilizer Market

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Increasing food demand as a result of rising population as well as changing climatic conditions and inadequate farming activities has amplified the threat for the productivity of crops in Europe. According to the European Union Census Bureau, the regional population estimates in January 2019 were 513.5 million, which is expected to reach 738 million by 2030. This trend showcases higher requirements for food, driving the Europe fertilizer market size.

Fertilizers increase crop yield, enabling farmers to grow more food in limited land and provide considerable return on investment. For instance, by using 192 kg nitrogen per hector, it is possible to produce around 9.3 tons of grains as that of around 2.1 tons of grains without using nitrogen fertilizers. This generated around 790% percent of return on investment to the farmer. The use of fertilizers not only improves the productivity of crops but also helps farmers to generate higher revenue options through effective farming.

Europe Market, By Product

Europe Fertilizer Market

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Organic fertilizers such as plant-based, animal-based, and mineral-based fertilizers will expand at over 5% CAGR through 2027. The organic fertilizers market growth in Europe is attributed to its slow feed nature for plants and improved water holding capacity of the soil in addition to the soil structure and tilth. Organic fertilizers are prepared naturally, i.e., made from materials derived from living things. One can make organic fertilizers themselves or can buy as well.

Europe Market, By Form

Dry fertilizers segment dominated around 80% Europe fertilizer market share in 2020. Dry fertilizers are typically designed to be amended into the soil and are released to the plants over time as they offer slow-release options that help to feed crops longer into the season. Furthermore, its cost-effective and easy storage nature will increase its demand.

Europe Market, By Application

Europe Fertilizer Market

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Fertilizer applications in agricultural activities account for 50% share. The use of fertilizers in growing staple food crops such as wheat, rice (paddy), millets, maize, barley, etc., is the prime factor that drives the segment growth. Further, its applications in the agricultural fields to supplement required elements (N-P-K) found naturally in the soil will surge the market demand.

Europe Market, By Country

Turkey illustrates a fair demand as it imports more than five times of fertilizers than that it exports across worldwide. Thus, country imports nitrogen fertilizers largely from Egypt, China, Iran, and Russia. Likewise, phosphorus fertilizers are mostly imported from Iran, Egypt, and Bulgaria and potassium fertilizers from Belarus, Israel, Jordan, and Russian Federation, meeting the growing demand for fertilizers across the country for various applications. Whereas Turkey mostly exports nitrogen fertilizers to Spain, Ukraine, and Morocco; phosphorus fertilizers to Iran, Ukraine, and Lebanon; and potassium fertilizers to Belgium, Greece, Saudi Arabia, and Turkmenistan, owing to the increasing demand for fertilizers in the Middle East region.

Competitive Industry Landscape

The Europe fertilizer market displays a high degree of competition among several large manufacturers such as Nutrien Ltd., CF Industries Holdings Inc., The Mosaic Company, Yara International ASA, and Gemlik Fertilizer Inc. These players are likely to witness stiff competition owing to the entry of new players. Several industry participants are expanding their regional reach with the establishment of new sales & marketing facilities across the region.
 

Frequently Asked Question(FAQ) :

The market size for fertilizers in Europe reached USD 27 billion in 2020 and should grow at a 2% CAGR up to 2027.
The market for organic fertilizers in Europe could expand at a 5% CAGR over 2021-2027 due to improved water holding capacity and slow feed nature of organic fertilizers.
Dry fertilizers held more than 80% of the market share in 2020 and will witness increased demand due to cost-effectiveness and easy storage.
Agricultural applications account for over 50% share of Europe market in terms of revenue.

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