EUROPE SPECIALTY FERTILIZER MARKET - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2028

The market for speciality fertilisers in Europe is anticipated to grow at a CAGR of 4.47%. The market for controlled-release fertilisers in Europe increased significantly during the study period by 44.67%, and in 2021, polymer-coated CRF held the majority share of 57.7% among all other coatings. During the study period, the value of polymer-coated controlled-release fertiliser increased by 44.03% while the volume increased by 1.58%.

The main fertiliser used in the region is sulfur-coated fertiliser, a slow-release fertiliser, and it was responsible for 25.7% of the market's increase during the study period. In 2021, complex fertilisers made up 21.8% of the market under investigation by type, while straight fertilisers made up 78.08%.

Most secondary macronutrient applications in the area employ water-soluble fertilisers. In Europe, water-soluble fertilisers make up about 35.7% of all micronutrient fertilisers and 6.4% of all secondary macronutrient fertilisers.

Liquid fertilisers make up 40.6% of the speciality fertiliser industry in Europe because they can easily seep into the soil and allow plants to absorb nutrients more quickly. They can be sprayed at a time that will lower the expense to the grower by combining them with other crop protection chemicals.
About 54.3% of all speciality fertilisers sold in Europe in 2021 were water-soluble fertilisers. The volume of liquid fertiliser used in all of Europe's field crops, horticultural crops, turfs, and decorative plants accounted for 82.3%, 7.24%, and 10.29%, respectively. 

Major Players:  Achema, EuroChem Group, Fertiberia, ICL GROUP LTD and Yara International ASA 


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