Europe Liquid Fertilizer Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 3.30 Billion |
| Market Size (2029) | USD 4.57 Billion |
| CAGR (2024 - 2029) | 5.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Liquid Fertilizer Market Analysis
The Europe Liquid Fertilizers Market size is estimated at USD 3.30 billion in 2024, and is expected to reach USD 4.57 billion by 2029, growing at a CAGR of 5.5% during the forecast period (2024-2029).
- In recent years, there has been a rapid rise in the demand for high-efficiency fertilizers due to declining arable land and increasing food security concerns. According to a survey published by UNICEF in 2022, the percentage of the population who experienced severe food insecurity increased from 0.9% in 2019 to 1.5% in 2021 in Northern America and Europe. Moreover, arable land in Europe is steadily declining.
- The growing adoption of precision farming and sustainable agricultural practices in European countries is another considerable factor driving the use of liquid fertilizers to improve crop response from accuracy and availability of nutrients to the crop. Besides this, the labor shortage is a major problem faced by the European agriculture industry, escalating the need for precision farming and, consequently, liquid fertilizers as one of the most appropriate chemical inputs for labor-sensitive agriculture practices. Moreover, companies adopt unique strategies to expand their regional consumer base and market share. For instance, in 2021, the NordFert company opened its new factory in Estonia, intending to increase its production and supply of products and market share in the Northern European Region.
Europe Liquid Fertilizer Market Trends
Rising Importance of Precision Farming Drives the Market
- Precision farming is an approach where inputs are utilized in precise amounts to get increased average yields, compared to traditional cultivation techniques. Rising food security concerns due to changing climatic conditions, increasing population, and decreasing arable land availability is the primary factor bolstering the adoption of precision farming practices in the region. This, in turn, drives the market for liquid fertilizers as they provide an array of benefits to modern farmers that lead to improved crop response to the availability of nutrients and better productivity.
- Liquid fertilizers distribute nutrients to crops in equal proportions and seep quickly through the soil profile, resulting in deeper penetration of essential nutrients. They also help farmers save workforce costs and other handling expenses, as liquid fertilizers can be applied using the irrigation system without requiring heavy equipment. Due to the formulation of liquid fertilizers, their application is less affected by weather conditions, resulting in more working days available and greater flexibility during busy periods.
- In Europe, countries like Germany, Russia, the United Kingdom, and France have more than 55% of irrigated land covered by sprinkler or micro irrigation systems, which may drive the liquid fertilizer market in the future.
- Besides this, governments of various countries in the region support precision farming through multiple interventions like rural development investments, farm advisory services and training, and eco-scheme payments. Such initiatives will likely provide a thrust to the growth of the market in the coming years.
Ukraine Dominates the European Liquid Fertilizers Market
- Ukraine dominated the European liquid Fertilizers market with a value share of 21.2% in 2024, with a volume consumption of 761.6 thousand metric tons. This may be due to the cultivation of high fertilizer-consuming crops like wheat, maize, and other field crops, which account for more than 90% of the area under cultivation.
- The area under the cultivation of crops increased by 6.6%, from 25.6 million hectares in 2017 to 27.3 million hectares in 2022. This increase may further boost the application of liquid fertilizers in the country. Most of the liquid fertilizers in the country are applied through the foliar method, which accounted for a share of 51.4% in 2022.
- The rising demand for high-efficiency fertilizers, ease of application, adoption of sustainable farming practices, and higher environmental safety are some of the factors driving the liquid fertilizers market
Europe Liquid Fertilizer Industry Overview
The European liquid fertilizer market is fragmented, intensifying competition among major players to maintain a stable customer base and capture significant market shares. Some of the most notable companies in the market are Yara International ASA, ICL Fertilizers, Compo Expert, and Rosier SA, among others. The companies have focused on facility expansions and developing new products to enhance their portfolio and strategize their hold in the European liquid fertilizer market.
Europe Liquid Fertilizer Market Leaders
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Yara International ASA
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ICL Fertilizers
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Compo Expert
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Rosier SA
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Sociedad Química y Minera de Chile (SQM)
*Disclaimer: Major Players sorted in no particular order
Europe Liquid Fertilizer Market News
- May 2022: ICL launched three new NPK formulations of Solinure, a product with increased trace elements to optimize yields.
- August 2021: Compo Expert acquired a logistics hub and processing facility located in Patras, Greece, enhancing the company's ability to deliver responsive customer service in the Greek market
- December 2018: COMPO EXPERT was merged into Groupa Azoty the largest nitrogen fertilizer manufacturing company in Europe to develop their business.
Europe Liquid Fertilizer Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Easy Usage and Application Procedures Suitable for European Land
4.3 Market Restraints
4.3.1 Environmental Concerns Regarding Use of Synthetic Liquid Fertilizers
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Complex
5.2 Straight
5.2.1 Micronutrients
5.2.2 Nitrogenous
5.2.3 Phosphatic
5.2.4 Potassic
5.2.5 Secondary Macronutrients
5.3 Mode of Application
5.3.1 Fertigation
5.3.2 Foliar Application
5.4 Cop Type
5.4.1 Field Crops
5.4.2 Horticultural Crops
5.4.3 Turf and Ornamental Crops
5.5 Geography
5.5.1 France
5.5.2 Germany
5.5.3 Italy
5.5.4 Netherlands
5.5.5 Russia
5.5.6 Spain
5.5.7 United Kingdom
5.5.8 Ukraine
5.5.9 Rest of Europe
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Yara International ASA
6.3.2 ICL Fertilizers
6.3.3 Compo Expert
6.3.4 BMS Micro-nutrients NV
6.3.5 Ledra Group
6.3.6 Nordfert
6.3.7 Rosier SA
6.3.8 Sociedad Química y Minera de Chile (SQM)
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Europe Liquid Fertilizer Industry Segmentation
Liquid fertilizers are concentrates or water-soluble powders of synthetic chemicals of nitrogen, phosphorus, potassium, secondary macronutrients, and other micronutrient.
The European liquid fertilizer market is segmented by Complex, Straight (Micronutrients, Nitrogenous, Phosphatic, Potassic, and Secondary Macronutrients) Mode of Application (Fertigation and Foliar application, Crop Type (Field crops, Horticultural crops, and Turf and ornamental crops), and Geography (France, Italy, Germany, Netherlands, Russia, Spain, Ukraine, United Kingdom, and Rest of Europe).
For each segment, the market sizing and forecasts have been done in based on value (USD).
| Straight | |
| Micronutrients | |
| Nitrogenous | |
| Phosphatic | |
| Potassic | |
| Secondary Macronutrients |
| Mode of Application | |
| Fertigation | |
| Foliar Application |
| Cop Type | |
| Field Crops | |
| Horticultural Crops | |
| Turf and Ornamental Crops |
| Geography | |
| France | |
| Germany | |
| Italy | |
| Netherlands | |
| Russia | |
| Spain | |
| United Kingdom | |
| Ukraine | |
| Rest of Europe |
Europe Liquid Fertilizer Market Research FAQs
How big is the Europe Liquid Fertilizers Market?
The Europe Liquid Fertilizers Market size is expected to reach USD 3.30 billion in 2024 and grow at a CAGR of 5.5% to reach USD 4.57 billion by 2029.
What is the current Europe Liquid Fertilizers Market size?
In 2024, the Europe Liquid Fertilizers Market size is expected to reach USD 3.30 billion.
Who are the key players in Europe Liquid Fertilizers Market?
Yara International ASA, ICL Fertilizers, Compo Expert, Rosier SA and Sociedad Química y Minera de Chile (SQM) are the major companies operating in the Europe Liquid Fertilizers Market.
What years does this Europe Liquid Fertilizers Market cover, and what was the market size in 2023?
In 2023, the Europe Liquid Fertilizers Market size was estimated at USD 3.12 billion. The report covers the Europe Liquid Fertilizers Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Liquid Fertilizers Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
EU Liquid Fertilizer Industry Report
Statistics for the 2024 EU Liquid Fertilizer market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. EU Liquid Fertilizer analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
