Market Size of Europe Biological Organic Fertilizer Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 268.87 Billion |
Market Size (2029) | USD 389.60 Billion |
CAGR (2024 - 2029) | 7.70 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Europe Biological Organic Fertilizer Market Analysis
The Europe Biological Organic Fertilizer Market size is estimated at USD 268.87 billion in 2024, and is expected to reach USD 389.60 billion by 2029, growing at a CAGR of 7.70% during the forecast period (2024-2029).
The European biological organic fertilizers market has suffered from COVID-19 related challenges in terms of production, distribution, and sales. Due to lockdown, like many sectors, the producers have faced slow or lack of transportation and price gouging from some transport companies. The sourcing of raw materials has become difficult as source industries have stopped production. Hence, COVID-19 has caused a negative impact on the European biological organic fertilizer market. The governments of many countries and 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 steady growth in the market. The accomplishment of the objectives of rural development, which contribute to Europe's 2020 strategy for smart, sustainable, and inclusive growth, by improving soil management, preserving biodiversity, fostering knowledge transfer and innovation, and promoting resource efficiency is also contributing to developing a favorable environment for the biological organic fertilizer market. Increased practice of organic farming, the need for improving soil organic matter, and favorable regulatory structure are the factors driving the market studied.
Europe Biological Organic Fertilizer Industry Segmentation
Organic fertilizers are derived from many animal plant-based residues and mineral ores and developed from beneficial microorganisms, like bacteria and fungi. These are low-cost renewable sources of plant nutrients, which supplement chemical fertilizers. The European biological organic fertilizer market is segmented by application (microorganisms and organic residues), type (cereals, legumes, fruits and vegetables, and other types), and geography (Germany, United Kingdom, France, Spain, Italy, Russia, and Rest of Europe).
By Application | |
Microorganism | |
Organic Residues |
By Type | |
Cereals | |
Legumes | |
Fruits and Vegetables | |
Other Types |
By Geography | |
Germany | |
United Kingdom | |
France | |
Spain | |
Italy | |
Russia | |
Rest of Europe |
Europe Biological Organic Fertilizer Market Size Summary
The European biological organic fertilizer market is poised for significant growth, driven by increasing adoption of sustainable farming practices and supportive government policies. Despite challenges posed by the COVID-19 pandemic, such as disruptions in production and supply chain issues, the market is expected to expand steadily. The push towards organic farming and the need to enhance soil quality without depleting essential nutrients are key factors propelling the market. Biofertilizers, which play a crucial role in improving soil organic matter and nutrient intake, are gaining traction across various crops, including rice, pulses, and horticulture. The region's commitment to smart, sustainable, and inclusive growth, along with a favorable regulatory environment, further bolsters the demand for biological organic fertilizers.
The market landscape is characterized by the presence of both major and regional players, with companies like Ficosterra, ASB Greenworld, and Novozymes AS leading the charge. These key players are focusing on innovation and strategic partnerships, such as mergers and acquisitions, to enhance their market presence and cater to a broader consumer base. The concentration of organic fertilizer consumption in countries like Germany, Italy, and France underscores the region's dominance in the market. Initiatives like Symborg's launch of BlueN and ASB Greenworld's environmentally-friendly packaging solutions highlight the ongoing efforts to improve agricultural productivity and reduce environmental impact. As farmers increasingly show interest in organic biofertilizer products, the market is set to experience robust growth in the coming years.
Europe Biological Organic Fertilizer Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Industry Attractiveness - Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Buyers
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1.4.2 Bargaining Power of Suppliers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Application
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2.1.1 Microorganism
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2.1.2 Organic Residues
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2.2 By Type
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2.2.1 Cereals
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2.2.2 Legumes
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2.2.3 Fruits and Vegetables
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2.2.4 Other Types
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2.3 By Geography
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2.3.1 Germany
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2.3.2 United Kingdom
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2.3.3 France
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2.3.4 Spain
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2.3.5 Italy
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2.3.6 Russia
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2.3.7 Rest of Europe
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Europe Biological Organic Fertilizer Market Size FAQs
How big is the Europe Biological Organic Fertilizer Market?
The Europe Biological Organic Fertilizer Market size is expected to reach USD 268.87 billion in 2024 and grow at a CAGR of 7.70% to reach USD 389.60 billion by 2029.
What is the current Europe Biological Organic Fertilizer Market size?
In 2024, the Europe Biological Organic Fertilizer Market size is expected to reach USD 268.87 billion.