Meticulous Research®—a leading global market research company, published a research report titled, ‘Europe Biofertilizers Market by Microorganism Type (Nitrogen-fixing Microbes, Phosphate Solubilizing Microbes), Crop Type (Cereals & Grains, Oilseeds & Pulses), Mode of Application (Seed Treatment, Fertigation, Foliar), Form (Dry) - Forecast to 2030.’
According to this latest publication from Meticulous Research®, the Europe biofertilizers market is projected to reach $1,025.4 million by 2030, at a CAGR of 11.4% from 2023 to 2030. The growth of Europe’s biofertilizers market is mainly attributed to government initiatives aimed at promoting the use of biofertilizers, the growing adoption of organic farming, and the rising environmental concerns. However, the high cost of biofertilizers is expected to restrain the market’s cost.
The Europe biofertilizers market is segmented by microorganism type [Nitrogen-fixing microbes (rhizobia bacteria, azospirillum, other nitrogen-fixing microbes), phosphate-solubilizing and mobilizing microbes (pseudomonas, bacillus, other phosphate-solubilizing and mobilizing microbes), potassium-solubilizing and mobilizing microbes, and other microorganism types]; crop type [cereals & grains (maize/corn, wheat, rice, other cereals & grains), oilseeds & pulses, fruits & vegetables, and other crop types]; application (seed treatment, foliar spray, fertigation, and other modes of application), form (dry and liquid biofertilizers), and geography (France, Spain, Italy, Germany, the U.K., and the Rest of Europe. The study also evaluates industry competitors and analyzes the market at the regional and country levels.
Based on microorganism type, in 2023, the nitrogen-fixing microbes segment is expected to account for the largest share of the Europe biofertilizers market. This segment's large market share is attributed to the need to mitigate the risks associated with chemical fertilizers and the rising government initiatives aimed at promoting awareness of sustainability in modern agriculture. Furthermore, the utilization of nitrogen-fixing microbes offers an economical, eco-friendly, and profitable nitrogen supply solution for plants, further enhancing their adoption.
Based on crop type, the oilseeds & pulses segment is projected to register the highest CAGR during the forecast period. The rising demand for plant-based foods and organic oilseeds and pulses drives the growth of this segment.
Based on mode of application, in 2023, the seed treatment segment is expected to account for the largest share of the Europe biofertilizers market. This segment’s large market share can be attributed to the benefits associated with using biofertilizers for seed treatment, including improved seed germination and a reduced incidence of foot and root rot. Additionally, seed treatment aids in phosphorous solubilization in the soil, enhancing its availability. These advantages have led to the increased adoption of biofertilizers for seed treatment across various crops, such as cereals like rice, wheat, sorghum, and maize, as well as oilseeds like groundnut, sunflower, and soybean.
Based on form, the liquid biofertilizers segment is projected to register the highest CAGR during the forecast period. The growth of this segment is attributed to the advantages associated with liquid biofertilizers, including their high efficiency and absorbability, ease of application, and uniform distribution.
Based on geography, in 2023, France is expected to account for the largest share of the Europe biofertilizers market. This significant market share is primarily due to France's extensive agricultural area, which is the largest in Europe, the growing awareness of the adverse environmental impacts of chemical pesticides and fertilizers, supportive government initiatives aimed at promoting the adoption of organic farming, and the increasing land coverage dedicated to organic cultivation.
The Europe biofertilizers market is characterized by a moderately competitive scenario due to many large and small-sized global, regional, and local players. The key players in the Europe biofertilizers market are American Vanguard Corporation (U.S.), Chr. Hansen Holding A/S (Denmark), IPL Biologicals Limited (India), Koppert B.V. (Netherlands), Lallemand Inc. (U.S.), Novozymes A/S (Denmark), Rizobacter Argentina SA (Argentina), Symborg Corporate, SL (Spain), UPL Limited (India), Vegalab SA (Switzerland), Agronutrition (France), and Biolchim SPA (Italy).
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