Wednesday, 24 April 2024
Fertilizer additives are substances that enhance the quality and integrity of fertilizers. Fertilizer or fertilizer is a material of natural or synthetic origin (applied to soil or plant tissue to provide one or more phytonutrients essential for growth. Other than calcification materials). Botanical. There are many sources of fertilizers produced naturally and industrially.
According to the report, Europe fertilizer additive market was valued at US$ 473.4 Mn in 2019, and is calculated to reach US$ 590.5 Mn by 2027, growing at a CAGR of 2.5% from 2020 – 2027.
In the second half of the 20th century, the increased use of nitrogen fertilizers (800% increase between 1961 and 2019) was a key factor in improving the productivity of traditional food systems (more than 30% per person). According to the IPCC Special Report on Climate Change and Land, these practices are major drivers of global warming.
The food and beverage industry is all companies involved in the processing, packaging and distribution of raw food ingredients. This includes fresh cooked and packaged foods, alcoholic and non-alcoholic beverages.
The Europe Fertilizer Additive market is growing along with the food and beverage industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.
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For Europe Fertilizer Additive market, Business Market Insights researchers observed that there has been an increase in the healthcare expenditure in the European countries during the past few years. In this region, Germany has a history of manufacturing high diagnostic imaging technologies, precision medical instruments and others. As per Eurostat in 2016, healthcare expenditure in Germany was EUR 352 billion. Medical technologies are the priority of Healthcare/Life Sciences (HCT) industry. Whereas the healthcare expenditure of France was recorded as the second highest which was around EUR 257 billion, followed by the United Kingdom EUR 234 billion.
These factors are expected to offer broad growth opportunities in the food and beverage industry and this is expected to cause the demand for Fertilizer additives assays in the market.
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EUROPE FERTILIZER ADDITIVE MARKET SEGMENTATION
Fertilizer Additive Market, by Function
Fertilizer Additive Market, by Application
Fertilizer Additive Market, by Form
Europe Fertilizer Additive Market – By Country
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