Spain Fertilizer Market Research Report, 2027

The country of Spain uses half of all the land it has for the purpose of agriculture and livestock. Complimenting this is the dynamic sector of Spain’s economy, which is the agri-food sector. All of these sectors require good quality crops and plants to be produced, which is facilitated by the use of fertilisers on the plants and the soil. Fertilizers are defined as any chemical or natural substance added to the soil to increase the fertility of the crops and plants to yield better results. Today, the majority of the world depends on this product category to sustain a consistent supply chain of crops and vegetables. Most of the fertilisers produced today are chemical-based fertilizers, which are produced synthetically and even yield better results than their natural counterparts. But these types of fertilisers were found to be toxic to the environment as well as to the animals and humans consuming these products. Current trends in the market show the industry shifting towards organic fertilizers, which make use of natural methods to ensure the elimination of synthetic fertilizers. But still, because of their wide adoption and easy-to-use nature, chemical fertilisers still hold the majority market share. According to the research report titled, "Spain Fertilizer Market Research Report, 2027," published by Actual Market Research, the fertiliser market in Spain is expected to grow with a CAGR of 4.77% till the year of 2027, which is a significant decline from previous years. The Spanish market is segmented on the basis of the nutrients the fertilisers use, on the basis of the products which are used, and on the basis of the application they are used for. Talking about the nutrient segment of the industry, the market share is almost equally distributed among the four categories, which are nitrogenous, phosphotic, potash, and complex fertilizers. Along with this unusual market share, the segment also shows an anomaly from the global market as it gives the majority of the market share to complex nutrient fertilizers. This is due to the fact that these types of fertilisers are made up of different compositions of primary and secondary nutrients required by the plants and crops, which help them adversely in their growth and fruit development. These types of fertilisers are often expensive and so generally have a low market in an industry, but in countries like Spain that is not clearly the case. Secondly, the product category in the market of Spain consists of many different kinds of fertilizers, among which some of the prominent ones are complex fertilizers, urea, di-ammonium phosphate, Muriate of potash, potassium nitrate. Out of these, the largest segment again is that of the complex fertilizers, which the case is as these fertilisers help with more even distribution of the nutrients on the ground and increase the efficiency of the plant due to the fact that more fertilising elements are introduced at once. These complex fertilisers are generally a blend of the three major plant nutrients, which are nitrogen, potassium, and phosphorus, commonly known as NPK fertilizers. This market also produces fertilisers for application on a different variety of agricultural products, which are segmented accordingly into vegetables and fruits, cereals and grains, oilseeds and pulses, and other categories. Both vegetables and cereals have historically been neck to neck in the fertiliser market, but recently the gap between the two has increased with the cereals and grains segment gaining momentum in the country and achieving a market share of just over 40% in the year of 2021. The market in this country is driven by domestic demand along with the worldwide phenomenon of an increasing population. The consumers in Spain are also driving the market by demanding better quality crops, which creates a need for the use of fertilisers in the market. The number of people previously working in the market is also declining, which acts as a blessing in disguise as it gives room for expansion along with the reduction of competition. On the other hand, the market was affected like the rest of the world by the pandemic when the lockdowns were observed, which led to the shutting down of the production, along with which the country experienced interruptions in the supply chain and the distribution of the products. Although the fertiliser industry was able to survive due to the pandemic's essential status, which made it available wherever it was possible to distribute. But these were not the last of the problems faced by the country's markets. The rising price of natural gas across Europe along with the rise in prices of minerals has caused disruption in the market, which if not soon dealt with, will even hinder the consumer industry of the fertiliser market. Considered in this report Geography: Spain Historic Year: 2016 Base year: 2021 Estimated year: 2022 Forecast year: 2027 Aspects covered in this report Spain fertilizer market with its value and forecast along with its segments Application wise fertilizer consumption Various drivers and challenges On-going trends and developments Top profiled companies Strategic recommendation Types of fertilizer by nutrient in the report: Nitrogenous fertilizer (Urea, ammonium sulphate, Calcium ammonium nitrate/ ammonium nitrate, others UAN, anhydrous ammonia etc.) Phosphate fertilizer (Di-ammonium phosphate, mono-ammonium phosphate, others phosphate rock, superphosphates etc.) Potash fertilizer (Muriate of potash/potassium chloride, sulphate of potash others potassium nitrate etc.) Complex fertilizer (NPK, NK, PK, NP compounds etc.) By Product type in the report: Urea Ammonium sulphate Calcium ammonium nitrate/ Ammonium nitrate Di-ammonium phosphate (DAP) Mono-ammonium phosphate (MAP) Muriate of potash (MOP)/ (KCl) Sulphate of potash (SOP) Complex (NPK, NK, PK, NP) By Application used for in the report: Vegetables & Fruits Cereals & Grains Oilseeds & pulses Others The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to fertilizer industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.