Phosphorus is an essential nutrient required for plant growth. It helps in root development, plant maturation, and seed development. Along with nitrogen and potassium, phosphorus is one of the most important elements for plant life. These features make phosphorus essential to maximize the production of grains and forage. Soil often gets depleted of phosphorus by plants that use it and by being washed away by rain. Therefore, modern farming is reliant on the use of inorganic fertilizers that contain phosphorus.
Speak to Analyst @ http://www.micromarketmonitor.com/contact/8622578835-speak_to_analyst.html
In Europe, the Phosphatic Fertilizers Market in France is expected to grow at the highest CAGR in Next five years. Europe is one of the most significant and fastest growing exporter of wheat and other grains. The agricultural policy has always supported expansion in production by promoting use of fertilizers and pesticides. This increases the demand for phosphate fertilizers.
Ask for Discount @ http://www.micromarketmonitor.com/contact/8622578835-ask_for_discount.html
The Spain is dominating European Phosphatic Fertilizers Market with highest market share among the region. It constitutes 16.57% of market share and has imoprtant market for global Phosphatic Fertilizers producers. The German Phosphatic market is lagging behind the Spain. The European Union is rightly sensitive over the environmental fallout of its action. Over use of fertilizers is affecting the environment negatively as a result of which different government are coming with certain policies to regulate the use of fertilizers. This has the potential to affect the demand of phosphate fertilizers.
Phosphatic Fertilizers are one of the fastest growing markets among fertilizers; factors such as supportive policy framework from respective governments, rising meat consumption and increasing bio-diesel production are driving the Europe market. Several companies such as Agrium Inc. (Canada), EuroChem (Russia), PhosAgro(Russia) , Israel Chemical Ltd. (Israel) and Yara International ASA (Norways) are investing in this high-growth market in order to gain higher profits and increase their shares in the European Phosphatic Fertilizers market.
Moreover, the grain and oil seed segment is promising markets, which has largest market share among Phosphatic fertilizers. The segments has constitutes more than 46% of European Phosphatic Fertilizers Market. By type, the Diammonium Phosphate(DAP) market is largest with market share more 20.20%.
