“The European urea fertilizers market is estimated to grow at a CAGR of 1.9% from 2014 to 2019. The European market leads the global market for urea consumption. Europe is an agriculture-intensive region with vast tracks of the Mediterranean as well as temperate zones, and where fertilizer consumption is very high, thereby giving maximum production from the land.
In this report, the European urea market has been broadly discussed by its application such as grains & oilseeds, and fruits & vegetables, among others. The grains & oilseeds application segment is estimated to grow at the fastest CAGR during the forecast period of 2014 to 2019.
France is the largest urea fertilizers market in Europe with a share of 20.6% in 2014, followed by Germany. The segment in Italy is expected to grow at the fastest CAGR during the given forecast period.
Yara Fertilizers ASA accounted for a major share of the European market in 2014. Other firms such as EuroChem and Agrium Inc. are competing for the growing urea fertilizers market in the European region. These companies are developing market strategies such as mergers & acquisitions, joint ventures, new product developments, and expansions to increase their market share in the European market.
“
