The Report “Europe Urea Fertilizers Market by Application [Grains & Oilseeds, Fruits & Vegetables, Rest (Crops)] - Forecasts to 2019”, is estimated to reach $3,658.1 million by 2019, growing at a CAGR of 1.9% from 2014 to 2019.
Browse through the TOC of the Europe Urea Fertilizers Market for an analysis of industry trends and segments, with the help of various tables and figures.
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Fertilizers are used to aid the growth of crops, particularly when the soil lacks nutrients. Nitrogen is one of the key elements required for a healthy crop. Crops that grow with the help of nitrogenous fertilizers usually have better and higher growth rates. This is because the nitrogen in the fertilizers assimilates into the chlorophyll, generating a better rate of photosynthesis for the plant. The use of nitrogenous fertilizers also gives crops better color and texture.
The European urea market is dominated by France, followed by Germany. France is one of the most significant and fastest-growing exporters of wheat and other grains. Agricultural policy in France has always supported the expansion in production by promoting the use of fertilizers and pesticides. This has led to the increase in demand for nitrogenous fertilizers, especially urea fertilizers, in the country.
Urea fertilizers have gained importance due to the ease of synthesis and the easy availability of raw materials. Factors such as increase in demand for food grains and high meat consumption are driving the European market. Several companies such as EuroChem (Belgium), Yara International ASA (Norway), and Agrium Inc. (Canada) are investing in this high-growth market to gain higher profits and increase their share in the European urea fertilizers market.
This report also includes market share and value chain analyses, along with market metrics such as drivers and restraints. In addition, it also presents a country-level competitive landscape and company profiles of the key players in this market.
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