Europe Nitrogenous Fertilizer Market Size & Outlook
Europe nitrogenous fertilizer market, 2018-2030 (US$M)
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Europe nitrogenous fertilizer market highlights
- The Europe nitrogenous fertilizer market generated a revenue of USD 9,695.7 million in 2022.
- The market is expected to grow at a CAGR of 6.1% from 2023 to 2030.
- In terms of segment, ammonium nitrate was the largest revenue generating product in 2022.
- Ammonia is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 9,695.7 million |
| Market revenue in 2030 | USD 15,590.6 million |
| Growth rate | 6.1% (CAGR from 2022 to 2030) |
| Largest segment | Ammonium nitrate |
| Fastest growing segment | Ammonia |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Urea, Methylene Urea, Ammonium Nitrate, Ammonium Sulfate, Ammonia, Calcium Ammonium Nitrate |
| Key market players worldwide | Nutrien Ltd, The Mosaic Co, Yara International ASA, CF Industries Holdings Inc, ICL Group Ltd, Bunge Global SA, Sasol Ltd, OCI NV, Koch Industries |
Other key industry trends
- In terms of revenue, Europe region accounted for 8.5% of the global nitrogenous fertilizer market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 15,590.6 million by 2030.
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Nitrogenous Fertilizer Market Scope
Nitrogenous Fertilizer Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe nitrogenous fertilizer market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to nitrogenous fertilizer market will help companies and investors design strategic landscapes.
Ammonium nitrate was the largest segment with a revenue share of 30.42% in 2022. Horizon Databook has segmented the Europe nitrogenous fertilizer market based on urea, methylene urea, ammonium nitrate, ammonium sulfate, ammonia, calcium ammonium nitrate covering the revenue growth of each sub-segment from 2018 to 2030.
In 2020, the ammonia supply capability of Europe was 37,888 thousand tons while the demand for nitrogen fertilizers was 16,504 thousand tons. The European fertilizer industry has upgraded its nitrate plants with the addition of catalysts to minimize greenhouse gas emissions and significantly enabling lower emissions than the best urea plants.
The agricultural land use in the region consists of 178.4 million hectares which include 133.8 million hectares of fertilized area. The yield of rye, oats, and rice contributes to a majority share in the crops in this region. Nitrogen-based fertilizers are largely consumed by oilseeds while phosphorous and potassium fertilizers are consumed by fodder crops.
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Our clientele includes a mix of nitrogenous fertilizer market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe nitrogenous fertilizer market , including forecasts for subscribers. This continent databook contains high-level insights into Europe nitrogenous fertilizer market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe nitrogenous fertilizer market
Europe Nitrogenous Fertilizer Market Outlook Share, 2022 & 2030 (US$M)
Europe nitrogenous fertilizer market
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