The biofertilizers market in Europe is expected to grow from US$ 469.34 million in 2021 to US$ 1,153.11 million by 2028; it is estimated to grow at a CAGR of 12.1% from 2021 to 2028.
Organic farming is basically a method that includes growing and nurturing crops with the utilization of biological materials and products and eliminates the use of synthetic-based fertilizers and pesticides. Organic farming is being increasingly adopted as it provides healthy and high-quality food products. Along with this, organic farming provides several environmental benefits such as it improves soil fertility, combating soil erosion, and reducing greenhouse gas emissions. The demand for organic products is increasing which is not only due to the increase in conscientious consumers but also due to rising incomes which has increased the area under organic farming. According to the report of World of Organic Agriculture, by the Research Institute of Organic Agriculture (FiBL) and IFOAM, in 2019, 72,3 million hectares were under organic agricultural management across the world. Along with this, according to the latest FiBL survey on organic agriculture worldwide, organic farmland increased by 2.0 million hectares, and organic retail sales also continued to grow, reaching another all-time high. Consumers are becoming highly concerned about food safety issues, the rising residue levels in food, and environmental issues, due to the rising concerns about their health. This increased awareness among the consumers has induced them to prefer chemical-free food products. As a result, major supermarket chains such as Wal-Mart and Cosco are increasing their product offerings of organic foods. The growth in the organic food industry is triggering the demand for biofertilizers and organic manures, as these are pre-requisites of organic farming. Biofertilizer is one of the essential components of organic farming practices because it combines the naturally occurring microorganisms with organically derived, nutrient-rich fertilizers which provide the plants and soils with a healthy growing environment that is sustainable for future growing seasons. Biofertilizers also help in enhancing the plant’s resistance against pests and abiotic stressors such as drought, excess water, and extreme temperature changes. Thus, rapid growth in organic farming due to an increased adoption of organic products by the consumers across the region is driving the growth of biofertilizers market.In Europe, currently, the UK and Russia, followed by France, Spain, Italy, and Germany, are the hardest-hit countries by the COVID-19 pandemic. Initially, other member states had implemented drastic measures and travel restrictions, including partially closing their borders that impacted the trade industry in the region. The shutdown of manufacturing units, difficulty in the procurement of raw materials has had a negative impact on the biofertilizer market. According to a survey conducted by The Syngenta Group, 46 percent of large European Union (EU) farmers stated that their farming businesses have been impacted by the COVID-19 pandemic. During the pandemic, the European consumers consumed more organic products which is increasing the adoption of organic farming practices. In Germany, the consumers consumed 22% more organic products in 2020. As the sales of organic farming is increasing in Germany, more and more farms are seizing the opportunity to go organic. According to US Department of Agriculture, one of eight farmers in Germany is becoming organic and the numbers are only increasing. Thus, an increase in organic farming during the pandemic is having a positive impact on the demand of biofertilizers across the region during the COVID pandemic.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe biofertilizers market. The Europe biofertilizers market is expected to grow at a good CAGR during the forecast period.
Europe Biofertilizers Market Revenue and Forecast to 2028 (US$ Million)
Europe Biofertilizers Market Segmentation
Europe Biofertilizers Market – By Product Type
- Nitrogen Fixing
- Phosphorus Solubilizing
- Potassium Mobilizing
- Others
Europe Biofertilizers Market – By Microorganism
- Rhizobium
- Azotobacter
- Phosphate Solubilizing Bacteria
- Others
Europe Biofertilizers Market – By Crop Type
- Cereals and Grains
- Oil seeds and Pulses
- Fruits and Vegetables
- Others
Europe Biofertilizers Market – Application
- Seed Treatment
- Soil Treatment
- Others
Europe Biofertilizers Market – By Country
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Europe Biofertilizers Market – Companies Mentioned
- Mapleton Agri Biotec Pt. Ltd
- Novozymes
- RIZOBACTER
- Symborg
- T.Stanes and Company Limited
- UPL
- Vegalab SA
Europe Biofertilizers Market Strategic Insights
Europe BiofertilizersMarket Report Highlights
| Report Attribute | Details |
| Market size in 2021 | US$ 469.34 Million |
| Market Size by 2028 | US$ 1,153.11 Million |
| CAGR (2021 - 2028) | 12.1% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product Type
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Regions and Countries Covered
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| Europe | UK, Germany, France, Russia, Italy, Rest of Europe |
| Market leaders and key company profiles |
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Europe Biofertilizers Market Country and Regional Insights