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.
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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.
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- To understand the Europe boron fertilizers market landscape and identify market segments that are most likely to guarantee a strong return
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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
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
3.2.8 Limitations and Assumptions
4. Europe Boron Fertilizers Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Expert Opinion
5. Europe Boron Fertilizers Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Awareness Regarding the significance of Boron in Maintaining Soil Profile and Nutritional Balance
5.1.2 Increasing Demand to Boost Agricultural Productivity in Developing Region
5.2 Market Restraints
5.2.1 Lack of Knowledge
5.3 Market Opportunities:
5.3.1 Growth in Demand for Exotic Fruits and Vegetables
5.4 Future Trends:
5.4.1 Escalating Adoption of Precision Agriculture
5.5 Impact Analysis of Drivers and Restraints
6. Boron Fertilizers – Europe Market Analysis
6.1 Boron Fertilizers Market Overview
6.2 Europe Boron Fertilizers Market –Revenue and Forecast To 2028 (US$ Million)
7. Europe Boron Fertilizers Market Analysis – By Source
7.1 Overview
7.2 Europe Boron Fertilizers Market Breakdown, By Source, 2020 and 2028
7.3 Boric Acid
7.3.1 Overview
7.3.2 Boric Acid: Europe Boron Fertilizers Market, Revenue And Forecast To 2028 (US$ Mn)
7.4 Borax
7.4.1 Overview
7.4.2 Borax: Europe Boron Fertilizers Market, Revenue And Forecast To 2028 (US$ Mn)
7.5 Others
7.5.1 Overview
7.5.2 Others: Europe Boron Fertilizers Market, Revenue And Forecast To 2028 (US$ Mn)
8. Europe Boron Fertilizers Market Analysis – By Application
8.1 Overview
8.2 Europe Boron Fertilizers Market Breakdown, By Application, 2020 and 2028
8.3 Oilseed and Pulses
8.3.1 Overview
8.3.2 Oilseed and Pulses: Europe Boron Fertilizers Market, Revenue And Forecast To 2028 (US$ Mn)
8.4 Fruits and Vegetables
8.4.1 Overview
8.4.2 Fruits and Vegetables: Europe Boron Fertilizers Market, Revenue And Forecast To 2028 (US$ Mn)
8.5 Cereals and Grains
8.5.1 Overview
8.5.2 Cereals and Grains: Europe Boron Fertilizers Market, Revenue And Forecast To 2028 (US$ Mn)
8.6 Others
8.6.1 Overview
8.6.2 Others: Europe Boron Fertilizers Market, Revenue And Forecast To 2028 (US$ Mn)
9. Europe Boron Fertilizers Market – Country Analysis
9.1 Overview
9.1.1 Europe: Boron Fertilizers Market, by Key Country
9.1.1.1 Germany: Boron Fertilizers Market – Revenue, and Forecast to 2028 (US$ Million)
9.1.1.1.1 Germany: Boron Fertilizers Market, by Source
9.1.1.1.2 Germany: Boron Fertilizers Market, by Application
9.1.1.2 France: Boron Fertilizers Market – Revenue, and Forecast to 2028 (US$ Million)
9.1.1.2.1 France: Boron Fertilizers Market, by Source
9.1.1.2.2 France: Boron Fertilizers Market, by Application
9.1.1.3 Italy: Boron Fertilizers Market – Revenue, and Forecast to 2028 (US$ Million)
9.1.1.3.1 Italy: Boron Fertilizers Market, by Source
9.1.1.3.2 Italy: Boron Fertilizers Market, by Application
9.1.1.4 UK: Boron Fertilizers Market – Revenue, and Forecast to 2028 (US$ Million)
9.1.1.4.1 UK: Boron Fertilizers Market, by Source
9.1.1.4.2 UK: Boron Fertilizers Market, by Application
9.1.1.6 Rest of Europe: Boron Fertilizers Market – Revenue, and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of Europe: Boron Fertilizers Market, by Source
9.1.1.6.2 Rest of Europe: Boron Fertilizers Market, by Application
10. Overview- Impact of Coronavirus Outbreak on Europe Boron Fertilizers Market
10.1 Overview
11. Company Profiles
11.1 Eti Maden
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Minera Santa Rita S.R.L
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 ORO AGRI Europe
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Valagro S.P.A.
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Quimical Tierra
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Rose Mill Co.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 MCC Russian Bor
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Yara
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. Europe Boron Fertilizers Market –Revenue and Forecast To 2028 (US$ Million)
Table 2. Germany: Boron Fertilizers Market, by Source –Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany: Boron Fertilizers Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 4. France: Boron Fertilizers Market, by Source –Revenue and Forecast to 2028 (US$ Million)
Table 5. France: Boron Fertilizers Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 6. Italy: Boron Fertilizers Market, by Source–Revenue and Forecast to 2028 (US$ Million)
Table 7. Italy: Boron Fertilizers Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 8. UK: Boron Fertilizers Market, by Source–Revenue and Forecast to 2028 (US$ Million)
Table 9. UK: Boron Fertilizers Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 10. Russia: Boron Fertilizers Market, by Source–Revenue and Forecast to 2028 (US$ Million)
Table 11. Russia: Boron Fertilizers Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of Europe: Boron Fertilizers Market, by Source–Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of Europe: Boron Fertilizers Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Boron Fertilizers Market Segmentation
Figure 2. Europe Boron Fertilizers Market Segmentation – By Country
Figure 3. Europe Boron Fertilizers Market Overview
Figure 4. Fruits and Vegetables Segment Held Largest Share of Europe Boron Fertilizers Market
Figure 5. Rest of Europe Held Largest Share of Europe Boron Fertilizers Market
Figure 6. Europe Boron Fertilizers Market, Industry Landscape
Figure 7. Europe: PEST Analysis
Figure 8. Expert Opinion
Figure 9. Europe Boron Fertilizers Market Impact Analysis of Driver and Restraints
Figure 10. Europe: Boron Fertilizers Market – Revenue and Forecast To 2028 (US$ Million)
Figure 11. Europe Boron Fertilizers Market Breakdown, By Source, 2020 and 2028 (%)
Figure 12. Europe Boric Acid: Boron Fertilizers Market, Revenue And Forecast To 2028 (US$ Mn)
Figure 13. Europe Borax: Boron Fertilizers Market, Revenue And Forecast To 2028 (US$ Mn)
Figure 14. Europe Others: Boron Fertilizers Market, Revenue And Forecast To 2028 (US$ Mn)
Figure 15. Europe Boron Fertilizers Market Breakdown, By Application, 2020 and 2028 (%)
Figure 16. Europe Oilseed and Pulses: Boron Fertilizers Market, Revenue And Forecast To 2028 (US$ Mn)
Figure 17. Europe Fruits and Vegetables: Boron Fertilizers Market, Revenue And Forecast To 2028 (US$ Mn)
Figure 18. Europe Cereals and Grains: Boron Fertilizers Market, Revenue And Forecast To 2028 (US$ Mn)
Figure 19. Europe Others: Boron Fertilizers Market, Revenue And Forecast To 2028 (US$ Mn)
Figure 20. Europe: Boron Fertilizers Market, by Key Country- Revenue 2020 (US& Million)
Figure 21. Europe: Boron Fertilizers Market Revenue Share, by Key Country (2020 &2028)
Figure 22. Germany: Boron Fertilizers Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 23. France: Boron Fertilizers Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 24. Italy: Boron Fertilizers Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 25. UK: Boron Fertilizers Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 26. Russia: Boron Fertilizers Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 27. Rest of Europe: Boron Fertilizers Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 28. Impact of COVID-19 Pandemic in Europe Country Markets
- Eti Maden
- MCC Russian Bor
- Minera Santa Rita S.R.L
- ORO AGRI Europe
- Quimical Tierra
- Rose Mill Co.
- Valagro S.P.A.
- Yara
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