Report : Europe Organic Fertilizers Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Source (Plant, Animal, and Mineral), Crop Type (Cereals and Grains, Oilseed and Pulses, Fruits and Vegetables, and Others), and Form (Dry and Liquid
Animal-Based Organic Fertilizers Segment to Dominate Europe Organic Fertilizers Market during 2019–2027
According to a new market research study on “Europe Organic Fertilizers Market Forecast to 2027 – COVID-19 Impact and Analysis – By Source (Plant, Animal, and Mineral), Crop Type (Cereals and Grains, Oilseed and Pulses, Fruits and Vegetables, and Others), and Form (Dry and Liquid),” is expected to reach US$ 1,941.58 million by 2027 from US$ 809.79 million in 2018 and is expected to grow at a CAGR of 10.3% from 2019 to 2027. The report provides trends prevailing in the Europe Organic Fertilizers Market along with the drivers and restraints pertaining to the market growth. Benefits associated with organic fertilizers is the major factor driving the growth of the Europe Organic Fertilizers market. However, stringent regulations related to organic fertilizers hinder the growth of the Europe Organic Fertilizers market. Furthermore, COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. In Europe, Italy is the hardest-hit country by the coronavirus outbreak. It is anticipated to suffer an economic hit due to a lack of revenue from various industries, as Italy recorded the highest number of coronavirus cases. Other member states have implemented travel restrictions and drastic measures, including partially closing their borders. This is anticipated to impact organic fertilizers market growth in Europe negatively.
The Europe Organic Fertilizers market is segmented into source, crop type, and form. Based on source, the organic fertilizers market is bifurcated into plant, animal, and mineral. The animal segment dominated the Europe organic fertilizers market during the forecast period of 2019-2027. The organic fertilizers market based on crop type has been segmented into cereals and grains, oilseed and pulses, fruits and vegetables, and others. The cereals and grains segment dominated the Europe organic fertilizers market, whereas the market for fruits and vegetables is expected to grow at a higher CAGR during the forecast period. Based on form, the organic fertilizers market is sub-segmented into dry and liquid. The dry form segment held the largest share during the forecast period.
AgroCare Canada; Biostar Renewables, LLC; Coromandel International Limited; Italpollina SpA; Perfect Blend, LLC; ScottsMiracle-Gro; and Suståne Natural Fertilizer, Inc. are among the leading companies in the Europe Organic Fertilizers market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2019, InnovaFeed and Italpollina announced a strategic partnership to develop and commercialize organic fertilizers and biostimulants from insect ingredients. The partnership will combine an ambitious joint R&D program and launch a novel and 100% natural fertilizer, jointly developed from insect frass sustainably produced by InnovaFeed at its Nesle plant (Somme, France) and future sites.
Europe Organic Fertilizers Market, By Country, 2018 and 2027 (%)
The Report Segments The Europe Organic Fertilizers Market As Follows:
Europe Organic Fertilizers Market – By Source
- Plant
- Animal
- Mineral
Europe Organic Fertilizers Market – By Crop Type
- Cereals and Grains
- Oilseed and Pulses
- Fruits and Vegetables
- Others
Europe Organic Fertilizers Market – By Form
- Dry
- Liquid
Europe Organic Fertilizers Market – By Country
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe