Europe Biological Organic Fertilizer Market Size

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.