Market Research Report
Europe Biological Organic Fertilizer Market - Growth, Trends and Forecast (2020 - 2025)
|Published by||Mordor Intelligence LLP||Product code||936069|
|Published||Content info||120 Pages
Delivery time: 2-3 business days
|Europe Biological Organic Fertilizer Market - Growth, Trends and Forecast (2020 - 2025)|
|Published: May 1, 2020||Content info: 120 Pages||
The European biological organic fertilizer market is expected to register a CAGR of 7.7%, during the forecast period (2020-2025). Organic fertilizers are derived from many animal plant-based residues, mineral ores, and also developed from beneficial microorganisms, like bacteria and fungi. These are low-cost renewable sources of plant nutrients, which supplement chemical fertilizers.
The governments of many countries, as well as 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 a steady growth in the market.
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 in improving the quality of the soil, without depriving it of the 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 are capable of boosting the soil organic matter, it is considered to be 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 1,251,320 hectares in 2016. The growing farmers' interest in growing organic, biofertilizer products shows great potential for the market.
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. All the major players have a presence in Europe and the regional market place is divided among the big players along with some regional players. The major players in the market include Ficosterra, ASB Greenworld, UAB Bioenergy, Symborg SL, Biomax Informatics AG, Lallemand Inc., and Novozymes AS, etc. Mergers and acquisitions and joint ventures are the preferred strategies adopted by major players to increase their respective market shares in Europe.