The Europe liquid fertilizer market size was valued at around USD 3.29 Billion in 2022 and is estimated to reach USD 4.48 Billion by 2031, expanding at a CAGR of around 3.48% during the forecast period, 2023 – 2031. The growth of the market is attributed to increasing focus on the agricultural industry in major countries in the region.
Liquid fertilizers are the chemicals that contain plant nutrients that are used to increase the quality or yield of plant growth. These fertilizers are injected into the ground in concentrated form to make the most of the fertilizer. It permits a long-term uptake of nutrients to the plants.
Liquid fertilizers are available in a variety of forms. Urea, ammonium nitrate, ammonium sulphate, and calcium nitrate are some of the liquid nitrogen nutrients. Additionally, a variety of nutrient combinations are produced and utilized to feed plants.
Market Trends, Drivers, Restraints, and Opportunities
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Rising use of liquid fertilizers facilitate crops with supply of nutrients at right time with least amount of waste. Thus, growing awareness about the same is expected to drive the market growth.
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Rising demand for liquid fertilizers owing its benefits such as immediate penetration in the soil immediately and improved access to the nutrients derives is anticipated to fuel the growth of the market growth.
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Growing usage of energy-efficient production technology to reduce greenhouse gas emissions are propelling the growth of the market in the projected timeline.
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High storage cost of liquid fertilisers and increased cost of installation can limit the market's growth.
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Expanding demand for food due to growing population has increased the usage of fertilisers.
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Major concerns such as pollution and contamination of soil, as well as their negative consequences on individuals and the ecosystem are creating challenges for the market growth. Thus, government state bodies are emphasising the use of soil-friendly fertilisers to combat these negative consequences. As a result, farmers are becoming more familiar with liquid fertilisers, which is expected to create lucrative opportunities for the growth of the market.
Scope of Europe Liquid Fertilizer Market Report
The report on the Europe liquid fertilizer market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Liquid Fertilizer Market - Europe Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Nutrients (Nitrogen, Potassium, Micronutrients, and Other Nutrients), Ingredients (Synthetic and Organic), Mode of Applications (Foliar, Aerial, Starter Solutions, Fertigation, and Injections to Soil), Applications (Grains and Cereals, Pulses and Oilseeds, Fruits and Vegetables, Commercial Crops, and Other Applications)
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Geographical Scope
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Germany, The UK, France, Spain, Italy, Russia, and Rest of Europe
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Haifa Group; ICL Fertilizers; Yara International ASA; Nutrient Ltd; and Tessenderlo Group;
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Europe Liquid Fertilizer Market Segment Insights
Based on nutrients, the market is divided into nitrogen, potassium, micronutrients, and other nutrients. The nitrogen segment is expected to grow at a rapid pace during the forecast period. Nitrogen helps plants grow quickly and promotes healthy foliage and fruit development. However, the potassium segment is anticipated to hold a key share of the market in the coming years. It improves the plant's ability to fight disease, as well as its overall quality and production.
On the basis of ingredients, the market is segregated into synthetic and organic. The synthetic segment is expected to grow at a robust pace during the forecast period. Farmers often use synthetic fertilizers as it speeds up the growth of the crop, which is driving the growth of the market segment.
On the other hand, the organic segment is anticipated to account for a major market share during the forecast period. Organic fertilisers improve soil structure, nutrient retention, promote carbon fixation in the substrate, and increase the crop's ability to absorb water.
In terms of mode of applications, the market is segregated into foliar, aerial, starter solutions, fertigation, and injections to soil. The foliar segment is projected to expand at a considerable CAGR during the forecast period. Foliar helps in absorption of nutrients through the roots.
Foliar fertiliser sprays maintain healthy and productive development by balancing plant nutrition, which is driving the growth of the market segment. On the other hand, the starter solution segment is anticipated to account for a major market share during the forecast period. Starting fertiliser provides a rich soil condition that can last at least a month for the seedlings, which is cost effective for the farmers.
Based on applications, the market is segregated into grains and cereals, pulses and oilseeds, fruits and vegetables, commercial crops, and other applications. The grains and cereals segment is anticipated to account for a large market share owing to increasing food demand across the globe.
Therefore, farmers are using fertilizers to speed up the development of their crops, which is expected to boost the market segment. On the other hand, fruits and vegetables segment is projected to represent a large market share.
In terms of regions, the Europe liquid fertilizer market is classified as Germany, The UK, France, Spain, Italy, Russia, and Rest of Europe. The market in France is expected to constitute a significant share of the market during the forecast period. Growing implementation of precision farming is driving the country’s market growth.
Segments
The Europe liquid fertilizer market has been segmented on the basis of
Nutrients
- Nitrogen
- Potassium
- Micronutrients
- Nutrients
Ingredients
Mode of Applications
- Foliar
- Aerial
- Starter Solutions
- Fertigation
- Injections to Soil
Applications
- Grains and Cereals
- Pulses and Oilseeds
- Fruits and Vegetables
- Commercial Crops
Geographical Scope
- Germany
- United Kingdom
- France
- Spain
- Italy
- Russia
- Rest of Europe
Key Players Covered in the Report
Competitive Landscape
Key players competing in the Europe liquid fertilizer market are Haifa Group; ICL Fertilizers; Yara International ASA; Nutrient Ltd; Tessenderlo. Companies are introducing new product offering to increase their foothold and strengthen their position in the market.
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