Europe Biological Organic Fertilizer - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029

Europe Biological Organic Fertilizer - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029

The Europe Biological Organic Fertilizer Market size is estimated at USD 268.87 billion in 2024, and is expected to reach USD 389.60 billion by 2029, growing at a CAGR of 7.70% during the forecast period (2024-2029).

The European biological organic fertilizers market has suffered from COVID-19 related challenges in terms of production, distribution, and sales. Due to lockdown, like many sectors, the producers have faced slow or lack of transportation and price gouging from some transport companies. The sourcing of raw materials has become difficult as source industries have stopped production. Hence, COVID-19 has caused a negative impact on the European biological organic fertilizer market. The governments of many countries and the regional bodies designed various policies in support of organic farming and against the sporadic utilization of chemical fertilizer in Europe. Push from governments and adequate support for sustainable farming are expected to maintain steady growth in the market. The accomplishment of the objectives of rural development, which contribute to Europe's 2020 strategy for smart, sustainable, and inclusive growth, by improving soil management, preserving biodiversity, fostering knowledge transfer and innovation, and promoting resource efficiency is also contributing to developing a favorable environment for the biological organic fertilizer market. Increased practice of organic farming, the need for improving soil organic matter, and favorable regulatory structure are the factors driving the market studied.

Europe Biological Organic Fertilizer Market Trends

Need for Improving Soil Organic Matter

In order to improve the quality of soil, there is the need to make use of biofertilizers, which can help improve the quality of the soil without depriving it of essential nutrients. Using biofertilizers also helps in scaling up the nutrient intake of plants, which is also essential to the current scenario. Biofertilizers, such as rhizobium, azospirillum, and phosphobacteria, deliver nitrogen and phosphorous nutrients to crop plants through nitrogen fixation and phosphorous solubilization processes. These biofertilizers are utilized for rice, pulses, millets, cotton, sugarcane, and other horticulture crops. Since biofertilizers can boost the soil organic matter, it is considered one of the most important components of soil management in the current paradigm.

Increased Practice of Organic Farming

Increased concern about the environment has paved the way for the use of bio-based organic fertilizers. Increasing the cost of chemical fertilizers and push from governments for sustainable farming are enabling the farmers to adopt organic farming practices. The favorable regulatory scenario in Europe makes the region the largest market for organic fertilizer demand. The consumption of organic fertilizers in the region is concentrated between Germany, Italy, France, the United Kingdom, and Spain, as these account for more than 60% of the regional market share. The area under organic farming in Germany had greatly increased from 1,047,633 hectares in 2014 to 1,622,100 hectares in 2019. The growing farmers' interest in growing organic biofertilizer products shows great potential for the market.

Europe Biological Organic Fertilizer Industry Overview

The European biological fertilizers market, like all the major players, has a presence in the region. Moreover, the marketplace is divided among the big players, along with some regional players. The key players in the market are focused on new product launches to cater to a wider consumer base and expand market share in the local market. The major players in the market include Ficosterra, ASB Greenworld, UAB Bioenergy, Symborg SL, Biomax Informatics AG, Lallemand Inc., and Novozymes AS. Mergers, acquisitions, and joint ventures are the preferred strategies adopted by major players to increase their respective market shares in Europe.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support