Europe Phosphatic Fertilizers Market is Expected to Reach $5,574.3 Million in 2018 – New Report by MicroMarket Monitor

(PRWEB) August 08, 2014

The European Phosphatic Fertilizers Market report defines and segments the phosphatic fertilizers market in Europe with analysis and forecast of revenue. The phosphatic fertilizers market in Europe is estimated to grow from around $5,191.2 million in 2013 to $5,574.3 million by 2018, at a CAGR of 1.4% from 2013 to 2018.

Europe is one of the most significant and fastest-growing exporters of wheat and other grains. The agricultural policy has always supported the expansion in production by promoting the use of fertilizers and pesticides. This increases the demand for phosphatic fertilizers in the region. Even 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 are also rising accordingly. This encourages the farmers to employ phosphatic fertilizers for increasing production. The most preferred phosphatic fertilizer in the European countries is superphosphate. Spain is the major market in the region, having acquired 16.6% of the total market in 2013.

This market is segmented and forecast on the basis of types of phosphatic fertilizers, such as diammonium phosphate, monoammonium phosphate, and superphosphate, among others. It is also segmented on the basis of application, such as grains & cereals, and fruits & vegetables, among others. The market is further segmented and forecast on the basis of major countries, such as the France, Germany, the U.K., Spain, and Italy, among others.

This report also includes the market share, supply chain and value chain analyses, and market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of the key players in the market.

Related Reports:

About MicroMarket Monitor:

MicroMarket Monitor identifies and attends to various unmet needs of different industrial verticals, which include value chain impact analysis. The company publishes about 12000 Market Research Reports on various Micro Markets across the world. The graphical nature and multidimensional analysis of these reports provide advanced Business Intelligence Tools to the clients in that particular target market.