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Europe Phosphatic fertilizers market will grow at a CAGR of 1.4% from 2014 to 2019
Aug. 27, 2015
According to the report “Europe Phosphatic fertilizers market By type , By application, and By geography Trends & forecast up to 2019", the European Phosphatic Fertilizers market is estimated to grow at a CAGR of 1.4% for the forecasted period.
The Superphosphate Fertilizers segment is the most widely used Phosphate fertilizer in the European Phosphatic Fertilizers market.
The EuropeanPhosphatic Fertilizers market was dominated by Spain with 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 key players include PhosAgro (Russia),Yara International ASA (Norway) EuroChem (Russia),OCP (Morocco), Agrium (Canada) andIsrael Chemicals Ltd. (Israel) .
Source: MarketsandMarkets (M&M)
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