Europe Fertilizer Industry Expands registering a CAGR of 7.3% during 2022 – 2027

As per the Renub Research report titled “Europe Fertilizer Market, Size, Forecast 2022-2027, Share, Growth, Industry Trends, Impact of COVID-19, Opportunity Company Analysis," the Europe Fertilizer Market Size was US$ 5.5 Billion in the year 2021. Fertilizers play a central role in Europe, meeting the agricultural requirements of a developing population by promoting the effective use of arable land and ensuring food preservation in Europe. These fertilizers are a rich source of primary nutrients, including phosphorus, nitrogen, and potassium, and help maintain the health of the crops. Similarly, they raise the organic & humus content in the soil, provides nutrients for microorganisms in the soil, and converts the physical?chemical properties of the soil.

Across Europe, the market for nitrogenous fertilizers grows with abundant raw materials due to shale gas exploration. Urea is the consideration for the consumption in the agricultural sector in the European industry, followed by UAN (Liquid Urea Ammonium Nitrate. The availability of this gas at a less price has decreased imports of urea, ammonia, and urea ammonium nitrate in Europe. Increased commercial farming and the low-cost production of fertilizers are anticipated to propel the demand for nitrogenous fertilizers.