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)
Number of Pages: 80
Market Introduction
Organic fertilizers are generally obtained from natural sources such as human excreta, animal matter, vegetable matter, manure, etc. They are the vital elements that help to promote the growth of micro-organisms present in the soil. The nutritional content of the organic fertilizers depends upon their composition. Organic fertilizers are food safe and are also easy to use when compared to synthetic fertilizers. Synthetic fertilizers cause-specific harmful effects on the environment and the living creatures, due to which the companies have developed organic fertilizers to reduce the damage.
Market Overview and Dynamics
The organic fertilizers market in Europe 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 surge in organic farming is one of the key drivers for the organic fertilizers market. The increasing health awareness among consumers is driving the demand for organic products. The consumer considers organic products as safe and healthy. Therefore, there has been a significant increase in the organic farming across Europe. Thus, the growth in organic farming is anticipated to propel the organic fertilizers market. Moreover, the rise in government initiatives and subsidies are driving the farmers to opt for organic farming to reduce environmental pollution. High investments in research & development, evolving agricultural practices, and increasing health-consciousness are some of the other crucial factors that are anticipated to boost the organic fertilizers market.
However, restraints such as stringent regulations related to organic fertilizers are likely to affect the market's growth in the forecast period. Also, 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 predicted 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.
Key Market Segments
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.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the organic fertilizers market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are AgroCare Canada; Biostar Renewables, LLC; Coromandel International Limited; Italpollina SpA; Perfect Blend, LLC; ScottsMiracle-Gro; and Suståne Natural Fertilizer, Inc. among others.
Reasons to buy report
Europe Organic fertilizers Market Segmentation
Europe Organic Fertilizers Market – By Source
Europe Organic Fertilizers Market – By Crop Type
Europe Organic Fertilizers Market – By Form
Europe Organic Fertilizers Market – By Country
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 809.79 Million |
| Market Size by 2027 | US$ 1,941.58 Million |
| CAGR (2019 - 2027) | 10.3% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Source
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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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The Europe Organic Fertilizers Market is valued at US$ 809.79 Million in 2018, it is projected to reach US$ 1,941.58 Million by 2027.
As per our report Europe Organic Fertilizers Market, the market size is valued at US$ 809.79 Million in 2018, projecting it to reach US$ 1,941.58 Million by 2027. This translates to a CAGR of approximately 10.3% during the forecast period.
The Europe Organic Fertilizers Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Organic Fertilizers Market report:
The Europe Organic Fertilizers Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Organic Fertilizers Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Organic Fertilizers Market value chain can benefit from the information contained in a comprehensive market report.
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