Europe Boron Fertilizers Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Source (Boric Acid, Borax, and Others) and Application (Fruits and Vegetables, Cereals and Grains, Oilseeds and Pulses, and Others)

Market Introduction

The European continent comprises of several developed economies such as Germany, France, the UK, and Italy, among others. These countries are witnessing an upsurge in the middle-class population as well as rise in urbanization, which provides ample opportunities for the key market players in the boron fertilizers market. The growth of the agricultural industry has had a noteworthy influence on the boron fertilizers market in Europe. The rise in demand for high quality farm products and ingredients is expected to augment the growth of boron fertilizers market. Micronutrients play an important role in providing balanced nutrition to plants. Plant growth can be hampered if any of the micronutrients are deficient. There are numerous micronutrient fertilizer products on the market such as boron, zinc, iron, and others due to their low requirement, they are usually applied in conjunction with NPK fertilizers. Also, increasing demand to boost agricultural productivity in developing region is the major factor driving the growth of the Europe boron fertilizers market.

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.

Market Overview and Dynamics

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. Precision agriculture (PA) is a science of enhancing crop productivity by incorporating the use of high technology sensor and analysis tools. Precise fertilizer application techniques are the future of agriculture, in which micronutrients such as boron, zinc and iron are supplied in controlled way with minimized losses to the environment, caused by leaching to groundwater. It is significant to supply them in a precise way to the plant, so the quantity lost would be minimal and the crops require the desired amount of nutrients. Precision agriculture is considered a novel concept, which focuses over boosting the overall production with minimal labor time and proper management of fertilizers and irrigation facilities.

Key Market Segments

The Europe boron fertilizers market is segmented into source, application and country. Based on source, the Europe boron fertilizers market is segmented into boric acid, borax, and others. The borax segment dominated the market in 2020 and boric acid segment is expected to be the fastest growing during the forecast period. By application, the boron fertilizers market is segmented into oilseed and pulses, fruits and vegetables, cereals and grains, and others. The fruits and vegetables segment dominated the Europe boron fertilizers market in terms of value in 2020 and is expected to register the highest CAGR during the forecast period 2021–2028.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the boron fertilizers market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Eti Maden; MCC Russian Bor; Minera Santa Rita S.R.L; ORO AGRI Europe; Quimical Tierra; Rose Mill Co.; Valagro S.P.A.; and Yara among others.

Reasons to buy report

• To understand the Europe boron fertilizers market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe boron fertilizers market
• Efficiently plan M&A and partnership deals in Europe boron fertilizers market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe boron fertilizers market
• Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.

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 -Company Profiles

• Eti Maden
• MCC Russian Bor
• Minera Santa Rita S.R.L
• ORO AGRI Europe
• Quimical Tierra
• Rose Mill Co.
• Valagro S.P.A.
• Yara

1. Eti Maden
2. MCC Russian Bor
3. Minera Santa Rita S.R.L
4. ORO AGRI Europe
5. Quimical Tierra
6. Rose Mill Co.
7. Valagro S.P.A.
8. Yara

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe Boron Fertilizers Market.
• Highlights key business priorities in order to assist companies to realign their business strategies
• The key findings and recommendations highlight crucial progressive industry trends in the Europe Boron Fertilizers market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth Europe market trends and outlook coupled with the factors driving Boron Fertilizers market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution