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Released June 06, 2023 | GALWAY, IRELAND
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Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--The world's leading fertilizer producer, Yara International (Oslo, Norway), has picked the U.K. as the location for its new global YaraVita production plant.
The plant will be built near the company's existing site in Pocklington, Yorkshire, and will be the new global production plant for its YaraVita speciality crop nutrition products and biostimulants. Virtually all of the output from the plant will be exported to markets around the world. The plant will double the current output of YaraVita products, which the company said is one of the strongest markets today with sales having grown five-fold in the last 20 years. YaraVita is designed, according to Yara, to meet the specific needs of crops throughout the growing season and to help them increase their resilience to climate change.
"As a global company with production plants and employees all over the world, Yara could have built this plant anywhere, but we chose the U.K.," said Jari Pentinmäki, managing director of Yara U.K.. "We are delighted that we are able to support U.K. agriculture in this way and we know that our current employees in Yorkshire will be excited that production will remain there, just as it has been since 2009."
The market for global specialty fertilizers is projected to grow at a compounded annual growth rate (CAGR) of 6.8% between 2022 and 2027, according to MarketsandMarkets. The CAGR for biostimulants is growing at an even higher rate of more than 12% for the period of 2018 to 2030 according to estimates from DunhamTrimmer analysts. Yara Pocklington is already the global center for the development and production of the YaraVita range of foliar and micronutrient fertilizers. The YaraVita line-up comprises over 130 products including foliar sprays, coatings for fertilizers and seeds, and biostimulants.
"If one nutrient is lacking or under stress, crop growth, yield and quality can be reduced. Specialty crop nutrition products are complementary to traditional mineral fertilizers and are crucial for achieving balanced crop nutrition," commented Rejane Souza, senior vice president of global innovation at Yara International. "Although only needed in small amounts, they can make a big difference for farmers and are critical to ensure a lower carbon footprint for food production by increasing yield per unit of land."
Last year, Yara was one of a number of leading producers of ammonia for the fertilizer market to cut its European output due the record-high gas prices caused by Russia's invasion of Ukraine. The company's output dropped to just 35% of normal. The company is responsible for around one-third of the world's fertilizer production. For additional information, see September 6, 2022, article - European Ammonia Production Slashed by High Gas Prices.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
The plant will be built near the company's existing site in Pocklington, Yorkshire, and will be the new global production plant for its YaraVita speciality crop nutrition products and biostimulants. Virtually all of the output from the plant will be exported to markets around the world. The plant will double the current output of YaraVita products, which the company said is one of the strongest markets today with sales having grown five-fold in the last 20 years. YaraVita is designed, according to Yara, to meet the specific needs of crops throughout the growing season and to help them increase their resilience to climate change.
"As a global company with production plants and employees all over the world, Yara could have built this plant anywhere, but we chose the U.K.," said Jari Pentinmäki, managing director of Yara U.K.. "We are delighted that we are able to support U.K. agriculture in this way and we know that our current employees in Yorkshire will be excited that production will remain there, just as it has been since 2009."
The market for global specialty fertilizers is projected to grow at a compounded annual growth rate (CAGR) of 6.8% between 2022 and 2027, according to MarketsandMarkets. The CAGR for biostimulants is growing at an even higher rate of more than 12% for the period of 2018 to 2030 according to estimates from DunhamTrimmer analysts. Yara Pocklington is already the global center for the development and production of the YaraVita range of foliar and micronutrient fertilizers. The YaraVita line-up comprises over 130 products including foliar sprays, coatings for fertilizers and seeds, and biostimulants.
"If one nutrient is lacking or under stress, crop growth, yield and quality can be reduced. Specialty crop nutrition products are complementary to traditional mineral fertilizers and are crucial for achieving balanced crop nutrition," commented Rejane Souza, senior vice president of global innovation at Yara International. "Although only needed in small amounts, they can make a big difference for farmers and are critical to ensure a lower carbon footprint for food production by increasing yield per unit of land."
Last year, Yara was one of a number of leading producers of ammonia for the fertilizer market to cut its European output due the record-high gas prices caused by Russia's invasion of Ukraine. The company's output dropped to just 35% of normal. The company is responsible for around one-third of the world's fertilizer production. For additional information, see September 6, 2022, article - European Ammonia Production Slashed by High Gas Prices.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
