Europe Biofertilizers Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 1.04 Billion |
| Market Size (2029) | USD 1.63 Billion |
| CAGR (2024 - 2029) | 9.30 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Biofertilizers Market Analysis
The Europe Biofertilizers Market size is estimated at USD 1.04 billion in 2024, and is expected to reach USD 1.63 billion by 2029, growing at a CAGR of 9.30% during the forecast period (2024-2029).
- The European Union is continuously encouraging biofertilizers since they are cost-effective, advising the farmers to optimize the application of chemical fertilizers or replace them wholly or partly with eco-friendly ones to result in better economic returns. The EU Common Agricultural Policy promotes adopting and using bio-based products and organic farming. It provides up to 30% of the budget as direct green payments to farmers to maintain sustainable agricultural practices. Existing challenges, such as low nutrient and moisture presence in the soils and growing environmental concerns, are paving the way for biofertilizers in the region. They are emerging as a potential solution to synchronize nutrient release as per the requirement of plants.
- The European Commission unveiled the European Green Deal, a roadmap for Europe to become a climate-neutral continent by 2050. These plans lead to sustainable practices, such as precision agriculture, organic farming, agroecology, agroforestry, and stricter animal welfare standards, which are expected to influence the market positively. 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 biofertilizers.
- Furthermore, several players in the market are launching new products that are further fueling the growth of biofertilizers in the region. For instance, Symborg launched a new biofertilizer product called Qlimax, an innovative soil energizer that performs as a prebiotic. Therefore, with the increasing adoption of modern agricultural techniques and the increase in government and company initiatives in the region toward the adoption of sustainable agricultural practices, and considering the aforementioned factors, the European biofertilizers market is expected to grow during the forecast period.
Europe Biofertilizers Market Trends
The Practice of Organic Farming Increased
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.
The Mychorrhiza Segment is Expected to Dominate the Market
Mycorrhiza is the most consumed biofertilizer in Europe. It accounted for 62.7% in 2022, with a market value of USD 549.5 million. Mycorrhiza is a fungus that establishes a symbiotic relationship with the plant root system. It increases the root surface area of plants, thus enhancing their nutrient uptake.
Mycorrhiza, also referred to as arbuscular mycorrhizal fungi (AMF), can increase crop yields significantly. In Europe, 231 field trials were conducted over four years in potatoes under ideal conditions. The results showed an increased yield of marketable potatoes by 9.5% on average. Mycorrhiza also contributes significantly to plant nutrition, particularly phosphorus uptake. It contributes to the selective absorption of immobile (P, Zn, and Cu) and mobile (S, Ca, K, Fe, Mn, Cl, Br, and N) elements from plants and water uptake.
Mycorrhiza helps reduce the intake of arsenic in plants. According to the US Agency for Toxic Substances and Disease Registry (ATSDR), arsenic is considered a carcinogenic agent that poses a threat to human health. Hence, using mycorrhiza helps growers meet food safety standards, thus driving its demand in Europe.
Europe Biofertilizers Industry Overview
The European biofertilizer market is fairly consolidated. Companies are adopting various strategies, such as product launches, partnerships, and acquisitions, to gain a larger share of the market. Investments in R&D and introducing new products are the primary strategies adopted by all major companies involved in the biofertilizer market. Some of the notable players in the market are ASB Greenworld, Agrinos AS, Rizobacter Argentina SA, and Andermatt Biocontrol AG.
Europe Biofertilizers Market Leaders
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ASB Greenworld
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Agrinos AS
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Rizobacter Argentina SA
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DESARROLLO AGR脥COLA Y MINERO, S.A.
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Andermatt Biocontrol AG
*Disclaimer: Major Players sorted in no particular order
Europe Biofertilizers Market News
- June 2022: Novozymes AS and AgroFresh formed a partnership to develop biological solutions and improve post-harvest food quality.
- July 2021: Symborg Corporate SL signed a distribution agreement with Corteva Agrisciences. The agreement will help the company distribute its BlueN biofertilizer products to the European Union.
- March 2021: Symborg Corporate SL opened a new manufacturing facility in Spain for the manufacturing of sustainable products for agriculture, such as biofertilizers.
Europe Biofertilizer Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Microorganism
5.1.1 Rhizobium
5.1.2 Azospirillum
5.1.3 Azotobacter
5.1.4 Phosphate Solubilizing Bacteria
5.1.5 Mycorrhiza
5.1.6 Other Biofertilizers
5.2 Crop Type
5.2.1 Cash Crops
5.2.2 Horticultural Crops
5.2.3 Row Crops
5.3 Geography
5.3.1 Germany
5.3.2 United Kingdom
5.3.3 France
5.3.4 Spain
5.3.5 Italy
5.3.6 Russia
5.3.7 Rest of Europe
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Ficosterra SL
6.3.2 ASB Greenworld
6.3.3 Biocorrection AS
6.3.4 UAB Bioenergy
6.3.5 Symborg SL
6.3.6 Agrinos AS
6.3.7 Biomax Naturals
6.3.8 Rizobacter Argentina SA
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Europe Biofertilizers Industry Overview
Biofertilizers are substances comprising living microbes, which, when applied to seed, plant, and soil, stimulate growth by supplying essential nutrients, such as N, P, and other mineral nutrients.
The European biofertilizers market is segmented by microorganism (rhizobium, azospirillum, azotobacter, phosphate solubilizing bacteria, mycorrhiza, and other biofertilizers), crop type (cash crops, horticultural crops, and row crops), and geography (Germany, United Kingdom, France, Spain, Italy, Russia, and Rest of Europe). The report offers market size and forecasts in terms of value in USD million for the above-mentioned segments.
| Microorganism | |
| Rhizobium | |
| Azospirillum | |
| Azotobacter | |
| Phosphate Solubilizing Bacteria | |
| Mycorrhiza | |
| Other Biofertilizers |
| Crop Type | |
| Cash Crops | |
| Horticultural Crops | |
| Row Crops |
| Geography | |
| Germany | |
| United Kingdom | |
| France | |
| Spain | |
| Italy | |
| Russia | |
| Rest of Europe |
Europe Biofertilizer Market Research FAQs
How big is the Europe Biofertilizers Market?
The Europe Biofertilizers Market size is expected to reach USD 1.04 billion in 2024 and grow at a CAGR of 9.30% to reach USD 1.63 billion by 2029.
What is the current Europe Biofertilizers Market size?
In 2024, the Europe Biofertilizers Market size is expected to reach USD 1.04 billion.
Who are the key players in Europe Biofertilizers Market?
ASB Greenworld, Agrinos AS, Rizobacter Argentina SA, DESARROLLO AGR脥COLA Y MINERO, S.A. and Andermatt Biocontrol AG are the major companies operating in the Europe Biofertilizers Market.
What years does this Europe Biofertilizers Market cover, and what was the market size in 2023?
In 2023, the Europe Biofertilizers Market size was estimated at USD 0.94 billion. The report covers the Europe Biofertilizers Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Biofertilizers Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Biofertilizer Industry Report
The European Biofertilizers Market Report provides a comprehensive industry analysis segmented by microorganism, crop type, and geography. The report offers an industry overview, detailing the market size and forecast in terms of value for various segments. This market analysis covers key microorganisms such as Rhizobium, Azospirillum, Azotobacter, Phosphate Solubilizing Bacteria, Mycorrhiza, and other biofertilizers. The segmentation also includes crop types like cash crops, horticultural crops, and row crops, with geographical insights into countries such as Germany, the United Kingdom, France, Spain, Italy, Russia, and the rest of Europe.
The report includes a detailed market forecast, providing insights into the market growth and market trends expected in the coming years. Market leaders and their strategies are examined, offering a market outlook that highlights potential opportunities and challenges. The market review also encompasses an industry outlook, emphasizing industry trends and industry statistics that are crucial for stakeholders.
Furthermore, the report includes market predictions and market segmentation, helping businesses understand the market value and industry size. The industry research presented in the report is based on extensive market data and industry information, ensuring a thorough examination of the biofertilizers market. The report pdf is available for download, offering a report example that includes all the essential details for market research companies.
This market report is essential for understanding the market share and market growth in the biofertilizers sector. It provides a detailed industry report that includes industry sales and industry research, making it a valuable resource for industry stakeholders. The report also highlights the growth rate of the market, providing an industry outlook that is crucial for strategic planning.
