Top 4 trends in Europe controlled release fertilizers market

A concerted effort towards sustainability and cost-effective solutions providing tremendous yields has propelled Europe controlled release fertilizers market value. Fertilizer companies in Europe are experimenting with various formulations to enhance the productivity and boost crop diversity for maximum land utilization.

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Amidst burgeoning industrialization creating heightened pressure on agricultural land for keeping up with the demand of soaring population, advanced practices are likely to gain traction in the next few years. Not to mention, the common agricultural policy (CAP) in Europe has come to the fore to protect farmers from price volatility and market crisis and is boosting greener farming practices.

According to an estimate, Europe controlled release fertilizers market size is touted to surpass US$200,000 by 2024. Top trends which are likely to redefine the industry outlook are delineated below.

Traction for polymer sulfate to gain impetus

With inclement weather conditioning marring the productivity, versatility of polymer sulfate has augured well for the leading companies in the landscape as it provides plant nutrients irrespective of weather conditions. Some of the dynamics such as layer coating technology that meters out nutrients via diffusion and ability to regulate by coating thickness as well as soil temperatures have set the trend in the past several years.

France to provide lucrative growth opportunities

According to the EU commission reports on mineral fertilizers, 2016, annual turnover of 13 billion Euros were witnessed in the Europe fertilizer industry and it provided around 95,000 jobs across the region. Notably, France held the maximum share with respect to revenue and volume in 2017. Apparently, there were nearly 490,000 farms in metropolitan France in 2010 and is said to have the largest utilized agricultural acreage (UAA) in the Europe of around 30 million hectares.

France is likely to come up as a happy hunting ground given that it has been one of the major markets for NPK based fertilizers. As per the IFDC Worldwide Fertilizer Capacity Listings, France was in the top 5 countries using NPK based fertilizers in 2008. A palpable rise in production and consumption and agricultural diversity has made France a lucrative destination.

Cereal and grains to soar in popularity

Current intake of whole grain foods is likely to grow manifold in Germany, U.K. and France as leading companies in the region vie to augment the access to, and availability of healthy foods. Compounds such as amylose, protein, zinc, essential amino acids and vitamin

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A are being enhanced in cereal and grains. Prominently, controlled release fertilizers will continue to reduce environmental degradation and boost efficiency of nutrient use. With environmental and agronomic upsides provided by controlled release fertilizers becoming more pronounced, production of grains is expected to gain ground in the ensuing period.

Companies vie to boost agricultural sustainability

Leading companies in the Europe controlled release fertilizers industry are touted to up their business strategies and emphasize product roll outs, partnerships, collaborations and mergers & acquisitions.

Some of the leading companies in the market are Eurochem Agro GmbH, ICL Specialty Fertilizers and Haifa Chemicals. These companies are likely to infuse funds in R&D activities to boost long-term agricultural sustainability, increase production and reduce input costs.

Table of content:

Chapter 1.Methodology & Scope

  • Market scope & definitions
  • Assumptions
  • Research methodology

Chapter 3.Industry Insights

  • Industry segmentation
  • Industry ecosystem analysis
  • Industry impact forces
    • Growth drivers
    • Growth restraints
  • Regulatory overview
  • Porter’s analysis
  • PESTEL analysis
  • Competitive landscape, 2017

 

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