Resources
About Us
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
Report ID: MRAGR - 1041029 Pages: 100 Jul-2024 Formats*: PDF Category: Agriculture Delivery: 24 to 72 Hours Download Free Sample ReportThe Europe Biofertilizers Market is slated to register a CAGR of 11.4% from 2024–2030 to reach $1,025.4 million by 2030. Biofertilizers enhance the nutrient content of host plants by colonizing the rhizosphere when applied to their seeds, plant surface, or soil. 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 population in Europe is steadily growing, leading to increased agricultural production demands. To meet these requirements, the widespread use of chemical fertilizers has become common practice. However, there is rising awareness of the detrimental effects of agrochemicals on plant physiology, soil quality, animals, and humans. The excessive use of synthetic products has a direct impact on the environment, with chemical residues potentially leading to soil pollution, contamination of water sources, and atmospheric emissions of ammonia, methane, nitrous oxide, and elemental nitrogen.
Agricultural chemicals have adverse effects on human health, causing issues ranging from short-term discomfort like headaches and nausea to long-term impacts such as cancer, reproductive health problems, and endocrine disruption. Fertilizer chemicals, including nitrogen, can contaminate groundwater and lead to conditions like blue baby syndrome when consumed. Consumers have become increasingly concerned about food safety, environmental issues, and the presence of pesticide residues in food, subsequently increasing the demand for chemical-free products. As a result, farmers are increasingly turning to biofertilizers as a substitute for chemical fertilizers.
Click here to: Get Free Sample Pages of this Report
Several organizations such as the Fertilizers Europe (FE), European Biomass Industry Association (EUBIA), European Consortium of the Organic-Based Fertilizer Industry (ECOFI), CropLife Europe, Organic Trade Association (OTA), the International Federation of Organic Agriculture Movements (IFOAM), the International Society of Organic Agriculture Research (ISOFAR), the Midwest Organic and Sustainable Education Service (MOSES), the Northeast Organic Farming Association (NOFA), and the Organic Growers School provide education, resources, and practical advice to create awareness regarding organic farming.
Biofertilizers are formulated using plant residues, animal manure, microorganisms, and botanical extracts. These biofertilizers decompose rapidly without harmful effects on surface and groundwater, making them less hazardous to living beings. They offer long-lasting effectiveness and improve the soil's structure and water retention & nutrient-holding capacity. These slow-releasing, non-toxic fertilizers leave no residues in food, making them a preferred choice for producing residue-free agricultural yields. The increasing need for higher agricultural production, coupled with growing awareness of the harmful effects of chemical inputs and the benefits of biofertilizers, is driving demand for biofertilizers across Europe.
The Nitrogen-fixing Microbes Segment is Expected to Dominate the Europe Biofertilizers Market in 2024
Based on microorganism type, the Europe biofertilizers market is segmented into 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. In 2024, 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.
The Oilseeds & Pulses Segment to Register the Highest CAGR During the Forecast Period
Based on crop type, the Europe biofertilizers market is segmented into cereals & grains (maize/corn, wheat, rice, other cereals & grains), oilseeds & pulses, fruits & vegetables, and other crop types. 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.
Seed Treatment Segment to Account for the Largest Share in 2024
Based on mode of application, the Europe biofertilizers market is segmented into seed treatment, foliar spray, fertigation, and other modes of application. In 2024, the seed treatment segment is expected to account for the largest share of the 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.
The Liquid Biofertilizers Segment to Register the Highest CAGR During the Forecast Period
Based on form, the Europe biofertilizers market is segmented into dry and liquid biofertilizers. 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.
France to Dominate the Europe Biofertilizers Market in 2024
The Europe biofertilizers market is segmented into France, Spain, Italy, Germany, the U.K., and the Rest of Europe. In 2024, 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.
However, Spain is slated to register the highest CAGR during the forecast period. The growth of this market is attributed to increasing government initiatives aimed at promoting the adoption of organic farming practices and the growing demand for organic foods.
Key Players
The report includes a competitive landscape based on an extensive assessment of the growth strategies adopted by leading market players in the past three to four years. Some of the key players operating 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).
Scope of the Report:
Europe Biofertilizers Market Assessment, by Microorganism Type
Europe Biofertilizers Market Assessment, by Crop Type
Europe Biofertilizers Market Assessment, by Mode of Application
Europe Biofertilizers Market Assessment, by Form
Europe Biofertilizers Market Assessment, by Geography
Key Questions Answered in the Report:
The Europe biofertilizers market is projected to reach $1,025.4 million by 2030, at a CAGR of 11.4% from 2024 to 2030.
The nitrogen-fixing microbe segment is slated to register the highest growth rate during the forecast period, providing significant growth opportunities for the players in this market.
The oilseeds & pulses segment is slated to register the highest growth rate during the forecast period and provide significant growth opportunities for the players operating in this market.
The major players operating 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).
Spain is slated to register the highest CAGR during the forecast period due to increasing government initiatives aimed at promoting the adoption of organic farming practices and the growing demand for organic foods.
Published Date: Aug-2024
Published Date: Jul-2024
Published Date: Jun-2024
Published Date: Aug-2024
Published Date: Jun-2024
Please enter your corporate email id here to view sample report.
Subscribe to get the latest industry updates