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Europe Boron Fertilizers Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Source and Application

Europe Boron Fertilizers Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Source and Application

  • July 2021
  • 96 pages
  • ID: 6134617
  • Format: PDF
  • The Insight Partners

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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. Boron is one of the major micronutrients responsible for the growth and nourishment of crops. It is an essential form of plant nutrients used to boost the yield and quality of the crop. Boron with calcium is beneficial for cell wall synthesis, hormone regulation, and cell division. This micronutrient is much required for pollination, seed growth, and fruit development in plants. Without enough boron supply, the growth and development of plant and its yield is quite reduced. Boron increases flower production and retention, pollen tube elongation and germination, and seed and fruit development. The deficiency of boron is one of the most common nutritional problems affecting plant growth. To meet out such deficiency, boron is supplied synthetically to the plants in the form of fertilizers through soil. Boron fertilizers are used to provide texture to the crop, enhance soil quality, increase soil uptake, and boost the overall agricultural output. Therefore, boron-based fertilizers are majorly added in soil where the land available for crop production is scarce, and the pressure to enhance crop productivity is high. Additionally, increasing demand to boost agricultural productivity in developing region is among the other factors expected to positively influence the demand for Europe boron fertilizers market.
The fruit and vegetables segment led the Europe boron fertilizers market based on type in 2020.The fruits and vegetables require light, moisture, and nutrients to grow.

The sun provides light, while the moisture comes from rainfall or irrigation.Nutrients are obtained from micronutrients, fertilizers, compost, or manure.

If the fruits and vegetables are not growing well, fertilizing them will help gain the lack of nutrients being the cause of the problem.Boron plays a critical role in vegetable plants.

It is essential for protein synthesis, cell wall production, carbohydrate metabolism, sugar translocation, hormone regulation, pollen grain germination and pollen tube growth, fruit set, and seed development. Boron (B) is a micronutrient that is required in very limited quantities, and there is a narrow range of safety when applying boron because toxicities will occur if too much is added. The amount of boron required by vegetables varies significantly. Broccoli, cabbage, cauliflower, beets, spinach, turnips, and rutabaga are all high-B-requirement crops Asparagus, carrots, cucumbers, eggplants, leeks, muskmelons, okra, onions, parsnips, radishes, squash, strawberries, sweet corn, tomatoes, and potatoes are medium boron requirement crops. Boron fertilizer is essential for a variety of plant functions, including cell wall formation and stability, the structural and functional integrity of biological membranes, the movement of sugar or energy into plant growing sections, and pollination and seed set. With the growing population all over the globe, the demand for fruits and vegetables has also been increasing.
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.
The overall Europe boron fertilizers market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining overview and forecast for the Europe boron fertilizers market with respects to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.

The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Europe boron fertilizers market. 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 are among a few players operating in the Europe boron fertilizers market.

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