Europe Biofertilizers Market was worth $0.31 billion in 2021 and estimated to be growing at a CAGR of 13.05%, to reach $0.54 billion by 2027.
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 which supplement chemical fertilizers. The particular strains of valuable soil microorganisms used either for seed treatment or soil application are mostly gaining impetus among farming community.
Growth of this market is largely due to rising penetration of Biofertilizers in agriculture, growth in demand for organic products and easy readiness of reasonable bio fertilizer products to end users. Some other factors fuelling this market growth are reasonable cost of Biofertilizers, rising focus on supportable farming, increasing government's support and environmental guidelines. Some factors limiting the Biofertilizers market are low adaption and lack of awareness of Biofertilizers along with poor infrastructure.
Phosphate Solubilizing and Potash Mobilizing
Nitrogen-fixing bio-fertilizer is the leading segment of the market which is fuelled with the increasing acceptance and demand of these fertilizers and expected to expand enormously.
Geographically the market is segmented into
Spain is the foremost market acquiring 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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