Europe Biofertilizers Market Trends

A growing movement for sustainable agriculture emerged in recent years, promoting practices that reduce social and environmental concerns over agricultural practices. Over the last three decades, organic food and farming have grown Y-o-Y across Europe. In May 2020, the European Commission's Farm to Fork Strategy mentioned organic as a key sector to achieve the European Green Deal's food ambitions. The strategy states, "The market for organic food is set to continue growing, and organic farming needs to be further promoted.' As part of this strategy, the commission published the 2021-2027 Organic Action Plan to boost organic demand and supply.

Furthermore, increased institutional support is encouraging farmers to adopt organic farming. For instance, according to the Research Institute of Organic Agriculture (FiBL), the area under organic farming was 15.6 million hectares in 2018, which increased by approximately 9.6% and reached 17.1 million hectares in 2020. Moreover, the increasing concerns over food and environmental safety have led to safer field application products such as biofertilizers. Thus, the growing awareness of sustainable production across the regions led to increased adoption of biofertilizers. Therefore, the market is anticipated to grow significantly during the forecast period. In addition to this, increasing incomes, along with improved farming practices, make organic yields more robust. Thus, the increasing demand for organic food has increased the area under organic farming, resulting in increased demand for biofertilizers.