Market Trends of Europe Liquid Fertilizers Industry
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.
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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
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