The boron fertilizers market in Europe is expected to reach US$ 990.97 million by 2028 from US$ 549.05 million in 2021. The market is estimated to grow at a CAGR of 8.8% from 2021 to 2028.
The UK, Germany, France, Italy, and Russia are the economies in Europe. In developing regions, a strong focus has been laid upon improvising and strengthening the agricultural facilities through increased investment and supportive government measures. The rising need for food security to support the increasing population along with the surging need to boost agricultural yield has propelled the adoption of mineral-based fertilizers such as boron fertilizers in developing regions.In Europe, as per the recent data, Russia has recorded the highest number of COVID-19 cases. Other than this, Spain, Germany, France, and the UK have also been hit hard and are expected to suffer an economic hit due to a lack of revenue from various industries. Other member states have implemented drastic measures and travel restrictions, including partially closing their borders. This is anticipated to impact market growth in Europe.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe boron fertilizers market. The Europe boron fertilizers market is expected to grow at a good CAGR during the forecast period.
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Europe Boron Fertilizers Market Segmentation
Europe Boron Fertilizers Market – By Source
- Boric Acid
- Borax
- Others
Europe Boron Fertilizers Market- By Application
- Fruits and Vegetables
- Cereals and Grains
- Oilseeds and Pulses
- Others
Europe Boron Fertilizers Market - By Country
- Germany
- France
- UK
- Italy
- Russia
- Rest of Europe
Europe Boron Fertilizers Market -Companies Mentioned
- Eti Maden
- MCC Russian Bor
- Minera Santa Rita S.R.L
- ORO AGRI Europe
- Quimical Tierra
- Rose Mill Co.
- Valagro S.P.A.
- Yara
Europe Boron Fertilizers Report Scope
Report Attribute | Details |
---|---|
Market size in 2021 | US$ 549.05 Million |
Market Size by 2028 | US$ 990.97 Million |
Global CAGR (2021 - 2028) | 8.8% |
Historical Data | 2019-2020 |
Forecast period | 2022-2028 |
Segments Covered |
By Source
|
Regions and Countries Covered | Europe
|
Market leaders and key company profiles |
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
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