The Europe agricultural micronutrients market is predicted to generate a revenue of $XX million by the end of 2027, exhibiting a CAGR growth of 7.30% over the forecast period of 2019-2027.
The European market is a major producer of grains, cereals, potatoes and other crops which essentially require these micronutrients for a good quality yield. Also, the European market is a chief producer of beer, which requires a considerable portion of grains for its production. Europe constitutes Germany, United Kingdom, France, Spain, Italy, and Rest of Europe. Market demand for crop micronutrients in Europe is driven by growing demand for crop micronutrients in the Balkans and Central Europe, rising demand for higher production yields and rising demand for the foliar application mode for micronutrients. The recent shift in consumer preference towards a nutrient-rich diet coupled with the growing number of government initiatives to encourage the agricultural activity in the region is an added advantage for the market prosperity.
AkzoNobel N.V., Aries Agro Ltd., The Mosaic Company, Yara International ASA, Haifa Group, Compass Minerals International Inc., FMC Corporation, Valagro SpA, Coromandel International Ltd., Baicor L.C., BASF SE, Nutrien Ltd., DowDuPont, SAPEC S.A., and Western Nutrients Corporation are few of the distinguished players in the market.