Europe Controlled Release Fertilizers Market Size Worth Over $200 thousand by 2024

Published Date: 2018-11-02

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According to the Graphical Research new growth forecast report titled “Europe Controlled Release Fertilizers Market analysis based on Product, Application, Regional Outlook – Industry Report, Growth Analysis & Forecast, 2018 – 2024”, estimated to exceed USD 200 thousand by 2024.

Increasing demand for advanced practices in agricultural industry in Europe shall be primarily responsible for driving controlled release fertilizers market in the coming years. The fertilizers companies operating in European countries are experimenting with different formulations to improve the productivity in agriculture and bring crop diversity for maximum land utilization. The long-term agricultural sustainability along with food production through agro ecosystems is severely affected by environmentally harmful farming practices. Thus, farmers in this region are looking for sustainable as well as cost-effective solutions that provide excellent yields not at cost of the environment. This in turn will provide controlled release fertilizers market ample opportunities for expansion in European countries over the forecast timeframe.

The common agricultural policy (CAP) in Europe has been instrumental in promoting greener farming practices and protecting farmers from market crisis and price volatility. European agricultural industry had been facing challenges in terms of productivity and soaring input costs with producer prices dropping day by day. This policy shall promote usage of highly effective farming inputs that will increase productivity with every square foot of land. This factor will positively influence controlled release fertilizers demand during the forecast timespan.

Polymer sulfur coated urea held the largest share of Europe controlled release fertilizers market in 2017. The segment is likely to witness maximum gains during the forecast period owing to its versatile characteristics such as providing plant nutrients periodically irrespective of weather conditions. The attractive feature of the product is the layer coating technology which meters out nutrients through diffusion, regulated by coating thickness and soil temperatures. The polymer coatings have small openings through which water passes into prill, solubilizes fertilizer and then the fertilizer gradually leaches from prill. Major market share contributors in Europe controlled release fertilizers include Eurochem Agro, ICL Specialty Fertilizers, Haifa Chemicals and Koch Turf & Ornamental.

Segments we Cover:

Europe Controlled Release Fertilizers Market Statistics, By Product

  • Polymer sulfur coated urea/sulfur coated urea

  • Polymer coated urea

  • Polymer coated NPK

  • Others

Europe Controlled Release Fertilizers Market Trends, By Application

  • Cereals & grains

  • Oilseeds & pulses

  • Fruits & vegetables

  • Others

The above information is provided for the following countries:

  • Germany

  • UK

  • France

  • Spain

  • Italy