Europe Biological Organic Fertilizers Market - By Microorganism, Organic Residue, Application and Geography-Market Shares, Forecasts and Trends (2017 - 2022)Europe Biological Organic Fertilizer Market is slated to grow at a CAGR of 14.4% during 20152-2020; the region is one of the most important market place strategically. Organic fertilizers are derived from many animal plant based residues, mineral ores and also developed from beneficial microorganisms like bacteria and fungi.
Organic fertilizer is applied in bulk or in concentrate depending on the nutrient level content in the particular concentration of product ingredients. These are low cost renewable sources of plant nutrients which supplement chemical fertilizers. The selected strains of beneficial soil microorganisms used either for seed treatment or soil application are particularly gaining momentum among farming community.
Growth in organic food industry is driving the organic fertilizers market. The governments of many countries, as well as the regional bodies, designed various policies in support of organic farming and against the sporadic utilization of chemical fertilizers in Europe. Push from Governments and adequate support for sustainable farming is expected to maintain steady growth in the market. High research and development cost and less product availability is the major constraint for the growth.The relatively developing countries of Europe like Netherlands, Belgium, Denmark would provide substantial growth opportunity for the market.
The organic fertilizers market is divided into two major segments namely organic residue based fertilizers and microorganism (biofertilizers) depending on the source of nutrients and raw materials. More than half of the market share is covered by microorganism based organic fertilizers due to its diversified product application.
By means of microorganisms, nitrogen fixing bacteria such as rhizobium, azotobacter are widely applied and account for major market share. Organic residue based fertilizers are classified into farm yard manure (FYM), crop residues and green manure etc. depending on the source of raw material. By application in crops, the market is segmented into crop based and non-crop based applications. Application of these fertilizers is more in cereal crops and the segment accounts for around 40% of the market share. Fruits and vegetables are the second largest and fastest growing segment.
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, UK and Spain as these account for more than 60% of the regional market share. New product development as per the local needs and investment in research and development of organic fertilizers is expected to expand market size in Europe.
The organic fertilizer market in Europe is the most developed and widespread among all the other regions. The key players in the market are focused on new product launch to cater to wider consumer base and expand market share in local market. All the major players have presence in Europe and the regional market place is divided among the big players along with some regional players. The major players in the market are Lallemand Inc., Biofertilizer A.G., Novozymes A.S., and Biomax. etc. Mergers and acquisitions and joint ventures are the preferred strategies adopted by major players to increase their respective market shares in the Europe.
In this report we offer,
Market analysis for the Europe Biological Organic Fertilizers Market, with region specific assessments and competition analysis on global and regional scales.
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the Europe Biological Organic Fertilizers Market on both global and regional scales
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped