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(USGovernment-News.Com, June 27, 2017 ) The Europe Liquid Fertilizers Market was worth $2.86 billion in 2016 and estimated to be growing at a CAGR of 3.48%, to reach $3.40 billion by 2021. Liquid fertilizers are the most effective way of providing the essential nutrients to plants at the right time and in ideal concentration.
The swell in crop acreage and the mounting demand to increase crop production are encouraging many farmers to utilize liquid fertilizers, as plants can straightaway absorb these fertilizers and deliver faster results. Small-scale farmers are also acquiring liquid fertilizers to decrease their reliance on weather conditions and get an enhanced output even in damp, wet, or windy conditions.
The growth of the Europe Liquid Fertilizers market is majorly driven by factors such as rising demand for high efficiency fertilizers, and implementation of precision farming and protected agriculture. However, stringent regulatory structures in the EU and growing apprehensions over environmental degradation are the major factors restraining the growth of the market in this region.
The Europe market has been geographically segmented into Germany, U.K, France, Spain, and Italy. Europe is the third largest market for Liquid Fertilizers with a global share of 24%. The market in this region is projected to grow significantly during the forecast period due to various factors such as rise in hydroponic system field areas, accessibility to fertilizers at subsidized prices, and increase in automation, which has ensued in the growing acceptance of technologies such as liquid fertilizer sprayers. The market is categorized by the existence of diversified international and national companies, where the global retailers lead the market and are predicted to grow exponentially by securing regional or local players. These retailers pose a tough test for the small vendors in terms of price, accessibility, and variability. The major companies dominating the Liquid Fertilizers market in this region are Haifa Chemicals Ltd., Kugler Company, Yara International ASA, Israel Chemicals Ltd, Agrium Inc., and Sociedad Quimica Y Minera SA (SQM).
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