Showing posts with label Foliar Fertilizer Market Size. Show all posts
Showing posts with label Foliar Fertilizer Market Size. Show all posts

Thursday, November 10, 2022

Italy Foliar Fertilizer Market To Show Incredible Growth 2022-2030 | Grand View Research, Inc.

The Italy foliar fertilizer market size is anticipated to reach USD 149.50 million by 2030, registering a CAGR of 4.9% over the forecast period, according to a new report by Grand View Research, Inc. The growing consumption of fertilizers for effective and increased agricultural productivity is anticipated to drive the market over the forecast period. Increasing demand for specialty crops that enhance lives by providing nutritional nourishment and decreasing carbon footprint is expected to boost the demand for foliar fertilizer in horticulture open-field application. In addition, turf & ornamental crop type is expected to increase over the forecast period.

Italy foliar fertilizer market
Italy foliar fertilizer market

The Italian ornamental plants sector has been playing a vital role in the agricultural sector, in terms of productivity. Furthermore, Italian ryegrass can produce leafy, palatable, high quality, forage, and its yield response to nitrogen. The Italian fertilizers market is fairly concentrated with a number of manufacturers focusing on regional markets. Haifa Negev technologies Ltd., EuroChem Group, and AkzoNobel are some of the largest players involved in the manufacturing of products. The majority of these companies have established exclusive agreements with distributors to cater to various end-users. The supply chain plays a significant role in the production and transportation of fertilizers.

The growth of the market is highly dependent on the adoption of efficient supply chains. Industry participants are facing various problems concerning production, logistics, and operations. Unfortunately, Italy was first the country, which faced the COVID-19 crises in the European region. The COVID-19 pandemic wreaked havoc in the fertilizer industry, which led to a slowdown in businesses, momentary pause of cross-border trade, and logistics delay, resulting in a huge impact on the overall operations of companies and farmers in the first few weeks of 2020 and even during the second wave of COVID-19. However, stockpiling of goods and a favorable initiative by the country’s government to incorporate fertilizer products in the essential category have helped maintain stability in the market.

Italy Foliar Fertilizer Market Report Highlights

Based on product type, the mix of nutrients segment accounted for the maximum revenue share in 2021 due to the increasing requirement for tailored foliar fertilizer products to provide complete nutrition to plants

The other bio-stimulant product type segment is likely to grow at the fastest CAGR from 2022 to 2030. They are gaining attention owing to their ability to improve the metabolism of plants, resulting in improved crop yield

The horticulture open-field segment accounted for the largest revenue share in 2020. The growth is attributed to the high export potential of vegetables and fruits, which has further contributed to a surge in the efficient production of the aforementioned crops and thus triggering the market growth

Key manufacturers are adopting strategies including mergers, acquisitions, product portfolio, and geographical expansion to gain a higher market share

For instance, in January 2021, ICL Group acquired Fertiláqua, a specialty plant nutrition company. This initiative taken by the former company was aimed at expanding its organic fertilizers sales by utilizing a strong market presence and distribution capabilities

Fertilizer Industry Size was valued at USD 201.3 Million Tons in 2021 and is projected to expand at a CAGR of 1.2% during 2022 to 2030.

Italy Foliar Fertilizer Market Segmentation

Grand View Research has segmented the Italy foliar fertilizer market on the basis of product type and crop type:

Italy Foliar Fertilizer Product Type Outlook (Volume, Tons; Revenue, USD Thousand, 2018 - 2030)

Algae-based

Humic Acid-based

Mix of Nutrients

Other Bio-stimulant

Single Nutrient Foliar Fertilizers

Italy Foliar Fertilizer Crop Type Outlook (Volume, Tons; Revenue, USD Thousand, 2018 - 2030)

Horticulture Openfield

Horticulture Greenhouse

Field Crops

Turf & Ornamental

Others

List of Key Players of Italy Foliar Fertilizer Market

ICL

Timac Agro

Akzo Nobel N.V.

E D & F Man Holdings Limited

PAVONI & C SPA

Arpa Speciali S.r.l

Sociedad Quimica Y Minera De Chile (SQM S.A.)

Valagro

Trade Corporation International

Biolchim SPA

EuroChem

URALCHEM JSC

K+S Aktiengesellschaft

Haifa Negev technologies LTD

COMPO EXPERT

MUGAVERO

Hydro Fert

Request free sample copy of Fertilizer Industry Data Book @ https://www.grandviewresearch.com/sector-report/fertilizer-industry-data-book/request/rs

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