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Europe Specialty Fertilizer Market Size

The Europe Specialty Fertilizer Market is experiencing significant growth, driven by the increasing adoption of sustainable farming practices and irrigation agriculture. Despite the higher costs and limited awareness among farmers, the market's potential is expanding, with a notable shift towards controlled-release fertilizers due to their environmental benefits. Water-soluble fertilizers dominate in terms of volume, while liquid fertilizers hold a substantial market value share. The market's expansion is further supported by the need to enhance soil fertility and reduce environmental impact, positioning specialty fertilizers as a crucial component in European agriculture's future.

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Market Size of europe specialty fertilizer Industry

Europe Specialty Fertilizer Market Summary
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svg icon Study Period 2017 - 2030
svg icon Market Size (2024) USD 6.88 Billion
svg icon Market Size (2030) USD 9.65 Billion
svg icon Largest Share by Speciality Type Liquid Fertilizer
svg icon CAGR (2024 - 2030) 5.79 %
svg icon Largest Share by Country Russia
svg icon Market Concentration High

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Europe Specialty Fertilizer Market Analysis

The Europe Specialty Fertilizer Market size is estimated at 6.88 billion USD in 2024, and is expected to reach 9.65 billion USD by 2030, growing at a CAGR of 5.79% during the forecast period (2024-2030).

6.88 Billion

Market Size in 2024 (USD)

9.65 Billion

Market Size in 2030 (USD)

5.68 %

CAGR (2017-2023)

5.79 %

CAGR (2024-2030)

Largest segment by Speciality Type

48.07 %

value share, Liquid Fertilizer, 2023

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There is an increasing trend in the adoption of liquid fertilizers because they can penetrate soil easily, which helps plants absorb nutrients quickly.

Fastest Growing Speciality Type

7.76 %

Projected CAGR, CRF, 2024-2030

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Control release fertilizers gradually release nutrients into the soil, are gaining popularity due to it’s efficiency and sustainable impact on crop management practices.

Largest Segment by Crop Type

5.85 %

Projected CAGR, Field Crops, 2024-2030

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The growing adoption of specialty fertilizers due to the emphasis on precision agriculture and sustainable farming practices is expected to drive the growth of the market.

Largest segment by Country

14.76 %

value share, Russia, 2023

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The rising demand for specialty fertilizers to boost productivity and optimize fertilizer use, the segment is projected to witness substantial growth from 2023 to 2030.

Leading Market Player

26.41 %

market share, Yara International ASA, 2022

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Yara International expanded its distribution network in Europe to enhance its presence and also expanded its product portfolio by launching YaraTera KRISTA MgS for fertigation

The specialty fertilizer market is driven by the growing concern over environmental pollution and rising demand high nutrient efficient fertilizers

  • In 2022, specialty fertilizers represented 13.0% of the overall fertilizer market value in the region, a stark contrast to the dominant conventional fertilizers. This disparity can be attributed to the higher costs of specialty fertilizers and limited awareness among farmers.
  • From 2017 to 2021, the specialty fertilizers market experienced notable growth, surging by 80.4% in 2022 compared to 2017. This upswing can largely be credited to the increasing adoption of irrigation agriculture and sustainable farming practices.
  • In terms of market value, liquid fertilizers held the lion's share at 48.8% in 2022, while water-soluble fertilizers dominated the market volume at 48.9%. Liquid fertilizers commanded higher prices, with an average of USD 1,051.2 per metric ton, compared to water-soluble fertilizers priced at USD 883.4. This price discrepancy, coupled with their affordability relative to other specialty fertilizers, led to a higher utilization of water-soluble fertilizers.
  • Water-soluble fertilizers were predominantly employed for secondary macronutrient applications in 2022, accounting for 53.2% of the total secondary macronutrient fertilizers in the region. Similarly, they constituted 53.1% of the total micronutrient fertilizers in Europe.
  • The adoption of controlled-release fertilizers is on the rise in the region, driven by their environmental risk reduction and water contamination mitigation benefits. As a result, the market value of these fertilizers is projected to record a CAGR of 7.7% during 2023-2030.
  • Given the burgeoning market potential for specialty fertilizers, this segment is poised for significant growth in the coming years.
Europe Specialty Fertilizer Market

The growing adoption of modern farming practices is driving market growth due to its less impact on the environment

  • Specialty fertilizers enhance soil fertility, boost plant growth, and maximize yields. Overuse of fertilizers leads to nutrient loss and water contamination. Specialty fertilizers mitigate these issues and enhance nutrient uptake by plants.
  • In 2022, Ukraine accounted for the share of 14.9% of the European specialty fertilizer market in terms of value. The nitrogen fertilizer segment occupied the largest share of the market studied. Due to a shift toward decarbonization of energy in Europe, the demand for 'green' ammonia fertilizers is expected to grow during 2023-2030.
  • Field crops dominated the European specialty fertilizer market in 2022, accounting for 82.4% of the consumption volume, followed by horticultural crops at 9.8%. The dominance of field crops is attributed to their larger cultivation areas.
  • In 2022, water-soluble fertilizers claimed the largest market volume share at 48.9%, followed by liquid fertilizers at 45.0%. Controlled-release fertilizers (CRF) and slow-release fertilizers (SRF) held smaller shares at 4.7% and 1.3%, respectively. Water-soluble fertilizers can be applied either through foliar spraying or fertigation, and their popularity has surged with the rising adoption of irrigation practices.
  • European soils are increasingly losing fertility due to continuous cropping without adequate recovery periods. Specialty fertilizers provide timely nutrition while minimizing environmental impact. These factors are projected to drive the specialty fertilizers market, with an estimated CAGR of 5.7% during 2023-2030.

Europe Specialty Fertilizer Industry Segmentation

CRF, Liquid Fertilizer, SRF, Water Soluble are covered as segments by Speciality Type. Fertigation, Foliar, Soil are covered as segments by Application Mode. Field Crops, Horticultural Crops, Turf & Ornamental are covered as segments by Crop Type. France, Germany, Italy, Netherlands, Russia, Spain, Ukraine, United Kingdom are covered as segments by Country.

  • In 2022, specialty fertilizers represented 13.0% of the overall fertilizer market value in the region, a stark contrast to the dominant conventional fertilizers. This disparity can be attributed to the higher costs of specialty fertilizers and limited awareness among farmers.
  • From 2017 to 2021, the specialty fertilizers market experienced notable growth, surging by 80.4% in 2022 compared to 2017. This upswing can largely be credited to the increasing adoption of irrigation agriculture and sustainable farming practices.
  • In terms of market value, liquid fertilizers held the lion's share at 48.8% in 2022, while water-soluble fertilizers dominated the market volume at 48.9%. Liquid fertilizers commanded higher prices, with an average of USD 1,051.2 per metric ton, compared to water-soluble fertilizers priced at USD 883.4. This price discrepancy, coupled with their affordability relative to other specialty fertilizers, led to a higher utilization of water-soluble fertilizers.
  • Water-soluble fertilizers were predominantly employed for secondary macronutrient applications in 2022, accounting for 53.2% of the total secondary macronutrient fertilizers in the region. Similarly, they constituted 53.1% of the total micronutrient fertilizers in Europe.
  • The adoption of controlled-release fertilizers is on the rise in the region, driven by their environmental risk reduction and water contamination mitigation benefits. As a result, the market value of these fertilizers is projected to record a CAGR of 7.7% during 2023-2030.
  • Given the burgeoning market potential for specialty fertilizers, this segment is poised for significant growth in the coming years.
Speciality Type
CRF
Polymer Coated
Polymer-Sulfur Coated
Others
Liquid Fertilizer
SRF
Water Soluble
Application Mode
Fertigation
Foliar
Soil
Crop Type
Field Crops
Horticultural Crops
Turf & Ornamental
Country
France
Germany
Italy
Netherlands
Russia
Spain
Ukraine
United Kingdom
Rest of Europe
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Europe Specialty Fertilizer Market Size Summary

The Europe Specialty Fertilizer Market is experiencing a significant transformation, driven by the increasing adoption of sustainable farming practices and the need to enhance soil fertility and plant growth. Specialty fertilizers, which include liquid and water-soluble varieties, are gaining traction as they offer solutions to nutrient loss and water contamination issues associated with conventional fertilizers. The market is characterized by a growing demand for controlled-release fertilizers, which are valued for their environmental benefits. The shift towards these advanced fertilizers is supported by the rising adoption of irrigation agriculture, which has been a key factor in the market's expansion. Despite the higher costs and limited awareness among farmers, specialty fertilizers are poised for substantial growth, with liquid fertilizers commanding a significant share of the market value and water-soluble fertilizers leading in volume.

The market landscape is dominated by field crops, which account for the majority of nutrient consumption in Europe, driven by their extensive cultivation and substantial nutrient requirements. Nitrogen, potassium, and phosphorous are the primary nutrients in demand, with nitrogen deficiency being a major constraint on yields. The market is fairly consolidated, with major players like EuroChem Group, Fertiberia, ICL Group Ltd, Kingenta Ecological Engineering Group Co., Ltd., and Yara International ASA holding significant shares. Strategic partnerships and product innovations, such as ICL's new NPK formulations, are indicative of the competitive dynamics and ongoing efforts to optimize yields and expand market reach. As the demand for 'green' ammonia fertilizers grows in line with Europe's decarbonization goals, the specialty fertilizer market is expected to continue its upward trajectory, addressing the dual challenges of increasing food production and minimizing environmental impact.

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Europe Specialty Fertilizer Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)

    1. 1.1 Speciality Type

      1. 1.1.1 CRF

        1. 1.1.1.1 Polymer Coated

        2. 1.1.1.2 Polymer-Sulfur Coated

        3. 1.1.1.3 Others

      2. 1.1.2 Liquid Fertilizer

      3. 1.1.3 SRF

      4. 1.1.4 Water Soluble

    2. 1.2 Application Mode

      1. 1.2.1 Fertigation

      2. 1.2.2 Foliar

      3. 1.2.3 Soil

    3. 1.3 Crop Type

      1. 1.3.1 Field Crops

      2. 1.3.2 Horticultural Crops

      3. 1.3.3 Turf & Ornamental

    4. 1.4 Country

      1. 1.4.1 France

      2. 1.4.2 Germany

      3. 1.4.3 Italy

      4. 1.4.4 Netherlands

      5. 1.4.5 Russia

      6. 1.4.6 Spain

      7. 1.4.7 Ukraine

      8. 1.4.8 United Kingdom

      9. 1.4.9 Rest of Europe

Europe Specialty Fertilizer Market Size FAQs

The Europe Specialty Fertilizer Market size is expected to reach USD 6.88 billion in 2024 and grow at a CAGR of 5.79% to reach USD 9.65 billion by 2030.

In 2024, the Europe Specialty Fertilizer Market size is expected to reach USD 6.88 billion.

Europe Specialty Fertilizer Market Report Snapshots

Europe Specialty Fertilizer Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030