Europe Biofertilizers Market Size & Outlook, 2024-2030
Europe biofertilizers market, 2018-2030 (US$M)
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Europe biofertilizers market highlights
- The Europe biofertilizers market generated a revenue of USD 349.8 million in 2023.
- The market is expected to grow at a CAGR of 12.3% from 2024 to 2030.
- In terms of segment, nitrogen fixation was the largest revenue generating product in 2023.
- Phosphate Solubilizing is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Italy is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 349.8 million |
| Market revenue in 2030 | USD 789.5 million |
| Growth rate | 12.3% (CAGR from 2023 to 2030) |
| Largest segment | Nitrogen fixation |
| Fastest growing segment | Phosphate Solubilizing |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Nitrogen Fixation, Phosphate Solubilizing |
| Key market players worldwide | Novo Holdings, Bioceres Crop Solutions Corp, Lallemand, National Industrial, AgriLife, BIOMAX, Symborg, Antibiotice, Labofarm, Sigma AgriScience, Agrinos Inc., Kiwa Bio-Tech Products Group |
Other key industry trends
- In terms of revenue, Europe region accounted for 21.0% of the global biofertilizers market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 360.1 million by 2030.
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Biofertilizers Market Scope
Biofertilizers Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe biofertilizers market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to biofertilizers market will help companies and investors design strategic landscapes.
Nitrogen fixation was the largest segment with a revenue share of 80.3% in 2024. Horizon Databook has segmented the Europe biofertilizers market based on nitrogen fixation, phosphate solubilizing covering the revenue growth of each sub-segment from 2018 to 2030.
Europe is one of the markets for organic farming globally. 7% of the region’s overall agricultural land was dedicated to organic harvesting as of 2017, wherein the area of organic farmlands is twice that of conventional farmlands in the region.
Europe recorded a 70% rise in organic farmlands during the past decade, with over 250,000 farms involved in organic harvesting. Furthermore, according to the European Union, the region is the second- largest market, globally in terms of organic food sales, globally which and reflected accounted for sales of over USD 36.90 billion in 2017.
The largest retail markets for organic produces in Europe were was Germany, followed by France, Italy, and the UK, with Germany reflecting recording an average growth rate of 10%, followed by France, Italy, and the UK at 22%, 14%, and 7%, respectively.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe biofertilizers market , including forecasts for subscribers. This continent databook contains high-level insights into Europe biofertilizers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe biofertilizers market size, by country, 2018-2030 (US$M)
Europe Biofertilizers Market Outlook Share, 2024 & 2030 (US$M)
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