Published Date: 2022-08-08
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European Fertilizer Market size is predicted to surpass USD 34.9 billion by 2028, according to a latest forecast report by Graphical Research.
The regional agriculture industry is consistently striving hard to feed the growing population. However, it is also essential for agricultural practices to be sustainable, to retain good soil structure for future generations. The optimal use of fertilizers is a vital step in this aim, since they replace the crucial nutrients that crops absorb from the soil.
Without the addition of fertilizers, agricultural productivity would be significantly impacted. Several public and private initiatives undertaken to improve fertilizer usage and efficiency and reduce impacts of nutrient losses to the environment are likely to boost the industry forecast.
For instance, in 2019, the United Nations Food and Agriculture Organization adopted the first international code of conduct for sustainable use and management of fertilizers. In the same year, the United Nations Environment Assembly (UNEA) adopted the global resolution on sustainable nitrogen management. These initiatives effectively drew awareness regarding the optimal use of fertilizers in farming and also encouraged the use of organic fertilizers for various applications.
The 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. One of the major advantages of slow-release dry fertilizers is that they provide nutrition to the plants over an extended period of time.
This is especially important when the dry fertilizer is mixed into the soil prior to planting. Although the initial amending of the soil can be time-consuming for the farmer, a time-release dry fertilizer saves labor time in the long run.
Browse detailed statistical insights from the report, “Europe Fertilizer Market Forecast 2028 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” along with the table of contents (ToC) @
https://www.graphicalresearch.com/industry-insights/1859/europe-fertilizer-market
The inorganic segment will surpass USD 34.2 billion revenue by 2028. Inorganic fertilizers are rich in terms of required essential nutrients, such as phosphorus, nitrogen, and potassium (N-P-K). Since these nutrients are considered vital for crop development, farmers have been using it for various kinds of crops.
The horticulture segment is expected to grow with a significant rate by 2028, owing to the rising consumption of fruits and herbs. Several government initiatives and investments to promote horticulture across various regions will propel the market size.
Germany fertilizer industry size will grow at a 2% CAGR through 2028. In its effort to meet future food needs, Europe has launched the Feeding Life 2030 vision, with an aim to improve the efficiency of fertilizers and create awareness for fertilizer use. Such initiatives will not only help Europe meet future food demands, but it will also promote efficient fertilizer use across the region.
The market research report for fertilizer in Europe includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2017 to 2028 for the following segments:
Europe Market, By Form
Europe Market, By Product
Europe Market, By Application
The above information has been provided for the following countries:
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