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The Europe biofertilizer market is expected to exhibit a CAGR of 13.69% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Biofertilizers are composed of wastes containing living microorganisms, such as bacteria, fungi, and cyanobacteria. These microbes make nitrogen available for legume crops by fixing atmospheric nitrogen in the soil and their root nodules. Biofertilizers also enrich the soil with organic nutrients, which aids in improving soil fertility and promoting plant growth. As compared to chemical fertilizers, biofertilizers offer direct nutrition to the plant by decomposing and breaking down solid waste compounds into minerals. They also prevent the growth of pathogens, due to which they are widely adopted in organic farming practices.
The incorporation of biofertilizers as an important component of plant nutrient management is primarily driving the market growth across Europe. In line with this, the escalating demand for organic products due to rising health consciousness and improving farming practices, are further intensifying the product adoption across the region. Additionally, the increasing awareness regarding the hazardous effects of synthetic fertilizers on the health and environment is acting as another growth-inducing factor. The market is further driven by the increasing government budgets to encourage organic farming practices to adhere to sustainability goals. Governments of various countries in the region are undertaking significant initiatives to promote the adoption of bio-based fertilizers in the agriculture industry, which is creating a positive outlook for the market.
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe biofertilizer market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on type, crop, microorganism and mode of application.
Breakup by Type:
Breakup by Crop:
Breakup by Microorganism:
Breakup by Mode of Application:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2021|
|Segment Coverage||Type, Crop, Microorganism, Mode of Application, Country|
|Region Covered||Germany, France, United Kingdom, Italy, Spain|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2699
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Corporate License: US$ 4699
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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