Europe's vegetable fertilizer market is expected to reach USD 4.54 billion in 2024 and reach USD 6.74 billion by 2029, growing at a CAGR of 8.2% from 2024 to 2029.
Fertilizers are chemical compounds that include phosphorus, nitrogen, potassium, and other necessary nutrients that are useful to improve the fertility of the soil and increase plant production. These fertilizers provide essential minerals for the survival of the plants naturally through the soil and help in maintaining the optimum growth of the plants. Vegetables are one of the most consumed foods around the globe, with high demand owing to the nutritional content of vegetables.
The high demand for vegetables led to the rise of vegetable fertilizers in order to produce more yield and more efficient products in the given arable land. These fertilizers are available in solid, liquid, and gaseous forms for the cultivation of vegetables on farms. Farmers should be aware of the fertilization technologies and take certain precautions without causing overfertilization. The use of organic fertilizers and bio-fertilizers and strictly avoiding the use of synthetic fertilizers and pesticides led to a rise in environmentally friendly agriculture.
Factors like high demand for vegetables due to the rising population, growing people's health awareness towards nutritional food, low arable land, demand for more yield in the available area, loss of soil fertility and rise in soil erosion, product innovations in agriculture, high investments in the irrigation sector by government organizations and private companies, technology advancements in the farming techniques are propelling the growth of the Europe vegetable fertilizer market. However, a lack of farmers' awareness, causing overfertilization and stringent regulations for product approval, are hampering the market growth.
This research report on the Europe vegetable fertilizers market is segmented and sub-segmented into the following categories.
Europe Vegetable Fertilizer Market – By Product:
Europe Vegetable Fertilizer Market – By Application:
Europe Vegetable Fertilizer Market – By Country:
The Europe market has been geographically segmented into Germany, U.K., France, Spain, and Italy. In Europe, Germany leads the market, followed by France and the UK. The market in this region is projected to grow strongly during the forecast period due to various factors, such as growing awareness and favorable reimbursement policies.
KEY MARKET PLAYERS:
Major companies dominating the Europe vegetable fertilizers market are Harrell’s, J.R. Simplot, Agrium, Knox, Koch, Helena Chemicals, Potash Corp of Saskatchewan Inc., ICL, The Mosaic Company, Uralkali PJSC and Florikan.
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