Europe biofertilizers market size is expected to reach USD 0.45 billion in 2024 and reach USD 0.83 billion by 2029, growing at a CAGR of 13.05% from 2024 to 2029.
The Biofertilizers market in Europe is the supreme advanced and extensive among all the other regions. Biofertilizers are functional in bulk or, in essence, liable on the nutrient level content in the specific concentration of product ingredients. These are low-cost renewable sources of plant nutrients that supplement chemical fertilizers. The particular strains of valuable soil microorganisms used either for seed treatment or soil application are mostly gaining impetus among the farming community.
The growth of this market is largely due to the rising penetration of Biofertilizers in agriculture, growth in demand for organic products, and easy readiness of reasonable biofertilizer products to end users. Some other factors fuelling this market growth are the reasonable cost of Biofertilizers, the rising focus on supportable farming, and increasing government support and environmental guidelines. Some factors limiting the Biofertilizers market are low adaption and lack of awareness of Biofertilizers along with poor infrastructure.
Nitrogen-fixing bio-fertilizer is the leading segment of the market, which is fuelled by the increasing acceptance and demand of these fertilizers and is expected to expand enormously.
Spain is the foremost market, acquiring a high market share of the total European market. Germany is one of the developing markets in the European Biofertilizers market.
The value chain includes producers in the Biofertilizers market and they are Lallemand Inc., Camson Bio Technologies Limited, Rizobacter Argentina S.A., Novozymes A/S, Camson Bio Technologies Limited and Nutramax Laboratories Inc., Symborg S.L., Mapleton Agri Biotech Private Ltd and AgriLife.
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