Europe Phosphatic Fertilizers Market Size, Share, Growth, Trends, And Forecasts Report, Segmented By Type (Diammonium Phosphate (DAP), Monoammonium Phosphate (MAP), Superphosphate And Others), By Application (Grains & Oilseeds, Fruits & Vegetables And Others), And By Region - Industry Analysis From 2024 to 2033
The Europe Phosphatic Fertilizers Market is projected to grow from USD 13 billion in 2024 to USD 17.04 billion by 2033, growing at a CAGR of 3.17%
European countries are aiming to divert their agricultural harvest for biodiesel production. Hence, increasing the demand for fertilizers in the region. The Phosphatic Fertilizers market has progressed into a key agricultural contribution for recovering crop phosphate deficiencies. Phosphorus is a crucial macronutrient essential for fine crop production, concerning the usage of fertilizer. It is attained from rock superphosphate, bone meal, and fertilizer, whereas rock phosphate is the raw material used to produce many of the commercial phosphate fertilizers in the market.
With an upsurge in the use of bio-fuel, the goods prices also increase accordingly. This fosters farmers to employ phosphate fertilizers for growing crops. The European agricultural policy has constantly supported the extension of production by endorsing the use of fertilizers. Fast growth in population demands greater food production. This is inspiring farmers to consume the finest quality fertilizers to gain higher yields. Conversely, production charges of these fertilizers are a probable restraint on the growth of this market.
| REPORT METRIC | DETAILS |
| Market Size Available | 2024 to 2033 |
| Base Year | 2024 |
| Forecast Period | 2024 to 2033 |
| CAGR | 3.17% |
| Segments Covered | By Type, Application, & Region |
| Various Analyses Covered | Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
| Regions Covered | UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe |
| Market Leaders Profiled | CF Industries Holdings Inc. (U.S.), OCP (Morocco), Agrium Inc., (Canada), Potash Corp. of Saskatchewan (Canada), Mosaic (U.S.), Eurochem (Russia), ICL (Israel), Yara International ASA (Norway), Coromandel International Ltd. (India), Phosagro (Russia). |
Superphosphate type is in great demand due to its advantages over other phosphate types. Phosphates are mainly used in fruits and vegetables to mark the need for phosphorus in the body.
European Phosphatic Fertilizers Market is dominated by Spain, followed by Germany and France. The demand for phosphate fertilizers is increasing in the European region due to a considerable rise in meat consumption.
CF Industries Holdings Inc. (U.S.), OCP (Morocco), Agrium Inc., (Canada), Potash Corp. of Saskatchewan (Canada), Mosaic (U.S.), Eurochem (Russia), ICL (Israel), Yara International ASA (Norway), Coromandel International Ltd. (India), Phosagro (Russia). Are the market players that are dominating the Europe phosphatic fertilizers market?
The Europe Phosphatic Fertilizers Market is segmented and sub-segmented into the following categories:
By Type
By Application
By Country
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