Europe Specialty Fertilizers Market was worth USD 4.33 billion in 2019 and estimated to be growing at a CAGR of 7.32%, to reach USD 6.17 billion by 2024. Specialty Fertilizers serve as the ‘topdressing’ of the soil layer or are incorporated into the soil via soil mixing prior to seed sowing. The particles control the amount of moisture content and release nutrients that increase the uptake by the plants. They are used as adhesive to increase the amount of pesticide intake and serve as binding agents to prevent leaching.
Speciality fertilizers also help reduce the soil toxicity by lowering the ionic concentration. Controlled Release Fertilizers also help in soil regulation as they are coated fertilizers that release their nutrients over a specific period of time. This ensures an appropriate level of nutrients throughout the growing period.
The major driver of the Europe Specialty Fertilizers market is the rising environmental concerns. Europe faces the problem of soil becoming unfit for cultivation due to a large number of growth cycles being conducted without giving appropriate time for the soil to regain its nutrients. Specialty Fertilizers help in this regard by giving the soil the appropriate quantity of nutrients to support cultivation. Other drivers for the market include cost efficiency due to low wastage, reduced risk of fertilizer burn and lesser labour requirements. As for the factors hampering the growth of the market production complexities leads the fore. Compared to traditional fertilizers, they are harder to manufacture. Also lack of proper awareness about specialised fertilizers means that conventional fertilizers still dominate the major portion of the agriculture industry. Rival companies of conventional fertilizers additionally provide subsidies that attract customers away from specialty fertilizers.
The Europe Specialty Fertilizers market is broadly classified into Controlled-Release Fertilizers and Slow-Release Fertilizers based on Action, and based on Product Types they are classified into Phosphatic Fertilizers, Potassic Fertilizers and Nitrogenous Fertilizers. Based on application, they are classified into Crop-Based Application and Non-Crop-Based Application. Based on geography, the Europe market is divided into Italy, France, U.K, Germany and Spain. The Europe Specialty Fertilizers Market in 2016 had the second highest market share. The region is also mostly developed and as such has a low CAGR rate of 7.32%.
Some of the major companies dominating the market, by their products and services include Yara International (Norway) which is native to Europe as well as other companies such as The Mosaic Company (USA), Verdesian Life Sciences (US), Agrium (Canada), Potash Corporation of Saskatchewan (Canada), Vardhaman Fertilizers and Seeds (India), Sungro Seeds (India), Sociedad Quimica y Minera S.A (Chile), Haifa Chemicals (Israel), Sinochem Group (China) which also operate in the region.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5.1 Product Types
5.1.1 Introduction
5.1.2 Phosphatic
5.1.3 Potassic
5.1.4 Nitrogenous
5.1.5 Y-o-Y Growth Analysis, By Product Type
5.1.6 Market Attractiveness Analysis, By Product Type
5.1.7 Market Share Analysis, By Product Type
5.2 Action
5.2.1 Introduction
5.2.2 Controlled Release
5.2.3 Slow Release
5.2.4 Y-o-Y Growth Analysis, By Action
5.2.5 Market Attractiveness Analysis, By Action
5.2.6 Market Share Analysis, By Action
5.3 Crops Application
5.3.1 Introduction
5.3.2 Crop-Based Application
5.3.3 Non-Crop-Based Application
5.3.4 Y-o-Y Growth Analysis, By Crops Application
5.3.5 Market Attractiveness Analysis, By Crops Application
5.3.6 Market Share Analysis, By Crops Application
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Product Types
6.1.3.3 By Action
6.1.3.4 By Crops Application
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Product Types
6.1.4.3 By Action
6.1.4.4 By Crops Application
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Product Types
6.1.5.3 By Action
6.1.5.4 By Crops Application
6.2 U.K
6.3 Spain
6.4 Germany
6.5 Italy
6.6 France
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.1 Yara International
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Sociedad Quimica y Minera
8.3 Haifa Chemicals
8.4 Sinochem Group
8.5 Agrium
8.6 The Mosaic Company
8.7 Sungro Seeds
8.8 Vardhaman Fertilizers
8.9 Potash Corporation of Saskatchewan
8.10 Verdesian Life Sciences
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
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