Market Trends of Europe Biological Organic Fertilizer Industry
This section covers the major market trends shaping the Europe Biological Organic Fertilizers Market according to our research experts:
Need for Improving Soil Organic Matter
In order to improve the quality of soil, there is the need to make use of biofertilizers, which can help improve the quality of the soil without depriving it of essential nutrients. Using biofertilizers also helps in scaling up the nutrient intake of plants, which is also essential to the current scenario. Biofertilizers, such as rhizobium, azospirillum, and phosphobacteria, deliver nitrogen and phosphorous nutrients to crop plants through nitrogen fixation and phosphorous solubilization processes. These biofertilizers are utilized for rice, pulses, millets, cotton, sugarcane, and other horticulture crops. Since biofertilizers can boost the soil organic matter, it is considered one of the most important components of soil management in the current paradigm.
Increased Practice of Organic Farming
Increased concern about the environment has paved the way for the use of bio-based organic fertilizers. Increasing the cost of chemical fertilizers and push from governments for sustainable farming are enabling the farmers to adopt organic farming practices. The favorable regulatory scenario in Europe makes the region the largest market for organic fertilizer demand. The consumption of organic fertilizers in the region is concentrated between Germany, Italy, France, the United Kingdom, and Spain, as these account for more than 60% of the regional market share. The area under organic farming in Germany had greatly increased from 1,047,633 hectares in 2014 to 1,622,100 hectares in 2019. The growing farmers' interest in growing organic biofertilizer products shows great potential for the market.
