Europe Phosphatic fertilizers market By type(Diammonium phosphate, Monoammonium phosphate, Superphosphate), By application(Grains & Oilseeds, Fruits & Vegetables & Others crops), & By geography Trends & forecast up to 2019
LONDON, April 29, 2015 /PRNewswire/ -- The EuropeanPhosphatic Fertilizers market is estimated to grow at a CAGR of 1.4%for the forecasted period. Phosphorus is an essential macronutrient required for optimum crop production, with respect to the use of fertilizer. Phosphorus is obtained from bone meal, fertilizer, and rock superphosphate, while rock phosphate is the raw material used to manufacture most of the commercial phosphate fertilizers in the market. Phosphatic Fertilizers market has evolved into a major agricultural input for improving crop phosphate deficiencies. Phosphorus deficiencies can be corrected by using Phosphate fertilizers(P2O5).Some among the various advantages of using Phosphatic Fertilizers are that they optimize plant health, plays a decisive role in photosynthesis and in processes related to restoration of energy.
The Phosphatic Fertilizers market is segmented into major types, on the basis of Type, and Applications. On the basis of Type it is classified as Diammonium Phosphate, Monoammonium Phosphate and Superphosphate. The Superphosphate Fertilizerssegment is the most widely used Phosphate fertilizer in theEuropeanPhosphatic Fertilizers market.The EuropeanPhosphatic Fertilizers market was dominated by Spainwith a market share of 16.57%. European countries are focusing on diverting their agricultural produce for bio-diesel production. Rapeseed oil is the ingredient used for production of bio-fuel. With an increase in use of bio-fuel the commodity prices also rises accordingly. This encourages the farmers to employ phosphate fertilizers for increasing production.
The EuropeanPhosphaticFertilizers market is a competitive market, with companies such as PhosAgro (Russia),Yara International ASA (Norway) EuroChem (Russia), and so on are the companies which are focusing on expanding its market base in the concerned market. This is achieved successfully with the assistance of numerous market strategies adopted by these companies, which includes new product developments, alliances, and acquisitions. Apart from these companies there are other companies such as,OCP (Morocco), Agrium (Canada) andIsrael Chemicals Ltd. (Israel) which are strengthening their market position through product approval, alliances, and agreements.
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