Market Research Report
Italy Foliar Fertilizer Market Size, Share & Trends Analysis Report By Product Type (Mix Nutrients, Alage-based, Humic Acid-based), By Crop Type (Horticultural Openfield, Turf & Ornamental), And Segment Forecasts, 2022 - 2030
|Italy Foliar Fertilizer Market Size, Share & Trends Analysis Report By Product Type (Mix Nutrients, Alage-based, Humic Acid-based), By Crop Type (Horticultural Openfield, Turf & Ornamental), And Segment Forecasts, 2022 - 2030|
Published: March 25, 2022
Grand View Research, Inc.
Content info: 100 Pages
Delivery time: 2-10 business days
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.
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.