Fertiliser Market is Growing
21 November 2011
EU - Fertilisers are vital nutrients necessary for all plants. They are essential for high-yield harvest. In 2010, about one quarter of all fertilisers used in Europe were applied on grassland for feeding.
According to the market research institute Ceresana Research, the European fertiliser market will grow to €15.3 billion by 2018. With a roughly 15 per cent share, France is forecasted to be the largest sales market in 2018, followed by Russia and Germany. So far, only small amounts of fertilisers are used in Eastern Europe, reports pr-gb.com
This is why we expect fertiliser demand in this region to increase in future. In addition, the slow shifting from small farms to large-scale farms is leading to rising demand for fertilisers.
Food and Energy Challenges
“Increases in agricultural production and rapid population growth have become major issues of concern,” says Oliver Kutsch, CEO of Ceresana: “Moreover, rising prosperity in emerging countries like China, Brazil, and India is resulting in changes in dietary habits. Rising meat consumption requires more grain, and therefore increases in fertiliser use.”
Furthermore, bioenergy sources continue gaining importance, with oil fruits and energy maize as the most popular varieties. Ceresana forecasts that especially the sales of fertilisers for energy maize will increase over the next years. The fertiliser use for oil fruits is anticipated to see above-average increases in rapeseed production as well as in sunflower and soy production in the Mediterranean area.
In contrast, the importance of sugar beet cultivation is declining further. While sugar production accounted for about 3.4 per cent of European fertiliser demand in 2002, this share is expected to drop to 3 per cent by 2018. However, this trend is weakened by more intensive fertiliser application, above all in Eastern Europe.
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