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Europe Organic Fertilizer Market is predicted to show double digit growth in CAGR value during 2017-2023 forecast period

04-12-2019 02:06 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Europe Organic Fertilizer Market

Europe Organic Fertilizer Market

The Europe organic fertilizer market was valued at $2,451 million in 2016, and is projected to reach at $3,260 million by 2023, registering a CAGR of 4.2% from 2017 to 2023.

Fertilizers that are derived from an organic source such as flora, fauna, and naturally occurring minerals are organic fertilizers. Alfalfa meal, corn gluten meal, cottonseed meal, kelp/seaweed, soybean meal, and humus are the common plant sources, whereas the animal sources include fish extracts, manure, and compost.

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Organic fertilizers offer several advantages over inorganic fertilizers. The former does not have acid content that has adverse effect on the environment and human health. In addition, organic fertilizers help improve the structure of the soil and increase its water & nutrient holding capacity.

Increased awareness regarding the benefits of organic fertilizers majorly fuels the growth of the Europe organic fertilizer market. Also, the strict guidelines by the governing bodies on the usage of inorganic fertilizers augments the demand for organic fertilizers. However, continuous R&D activities on inorganic fertilizers restrict the market growth. Nevertheless, the upsurge in demand for organic products offers numerous growth opportunity for the market.

Based on source, the market for Europe organic fertilizer is divided into plant, animal, and mineral. The mineral-based source for organic fertilizer is projected to be the highest growing segment during the forecast period. Manure and others are the further bifurcation of animal-based organic fertilizers. Based on crop type, the fruit & vegetable segment is expected to witness highest growth owing to the initiatives from European Union, which supports the producers through the common market organization (CMO) for the use of eco-compatible cultivation and production techniques for the cultivation of fruits & vegetables.

Based on country, the market is analyzed across Germany, France, Italy, Spain, UK, and rest of Europe. Germany generated the highest revenue in 2016, accounting for $729 million, owing to increased adoption of organic farming in the country. The profits earned by organic farmers were 38% more than that of conventional farmers.

The prominent players profiled in this report include ILSA S.P.A, Italpollina SPA, Fertikal N.V., Uniflor Poland Ltd, Protan AG, Plantin SARL, Novozymes A/S., AGRIBIOS ITALIANA S.r.l, Viano, and E.B.F. EURO BIO FERT S.r.l.

Key Findings of the Europe Organic Fertilizer Market:

• Germany is expected to continue to lead the market throughout 2016 to 2023, followed by France.
• Spain is projected to register the highest growth rate from 2017 to 2023.
• The animal-based organic fertilizer segment contributed approximately 50% of the market revenue in 2016.
• The fruit & vegetable segment is projected to dominate the Europe organic fertilizer market.
• Liquid form is projected to register the highest growth rate from 2016 to 2023.

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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client's insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

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