Europe Organic Fertilizers Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Source, Crop Type, and Form (Dry and Liquid

Europe Organic Fertilizers Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Source, Crop Type, and Form (Dry and Liquid

  • November 2020 •
  • 80 pages •
  • Report ID: 5999696 •
  • Format: PDF
The organic fertilizers market in Europe is expected to reach US$ 1,941.58 million by 2027 from US$ 809.79 million in 2018 and is expected to grow at a CAGR of 10.3% from 2019 to 2027. Increasing adoption of high-nitrogen organic fertilizers, such as blood meal, is bolstering the growth of the Europe organic fertilizers market. Blood meal refers to a dry, inert powder made from animals’ blood. It is used as a high nitrogen organic fertilizer and a high protein animal feed. It is usually obtained from cattle or hogs as a byproduct of the slaughterhouse. A blood meal is one of the highest non-synthetic sources of nitrogen—containing 13.25% of nitrogen. Nitrogen is an essential nutrient for plant growth and reproduction.
Nitrogen forms the major component of chlorophyll, a compound used by the plants to convert sunlight into sugars with the help of carbon dioxide and water.Nitrogen is crucial for plants as it forms a component of energy transfer compounds, such as adenosine triphosphate.

It also acts as a component of nucleic acids, such as DNA—a genetic material that permits plant cells to grow and reproduce.It is a core component of many plant structures for the internal and external metabolic processes.

The blood meal organic fertilizer is added to the soil to increase the nitrogen content that helps plants grow more green and lush.The nitrogen content in blood meal raises the acid level in the soil, which is beneficial to plants that prefer soil with a low pH level.

The farmers and manufacturers have analyzed the need for a blood meal and they consider it as a vital organic fertilizer in terms of its nitrogen content. This favors the demand for blood meal, thereby providing a lucrative opportunity for the organic fertilizers market. Besides this, the ongoing “move to organic” trend favors the blood meal as an organic fertilizer.
Increasing demand for animal-based products as well as natural and organic food products is boosting the demand for blood meal, which, in turn, is expected to support the growth of the organic fertilizers market.

Based on source, the animal segment accounted for the largest market share in the Europe organic fertilizers market.Animal-based organic fertilizers include a wide range of products, such as cow manure, chicken or poultry manure, earthworm castings, blood meal, bone meal, feather meal, seabird guano, bat guano fish meal, and fish emulsion shellfish fertilizer/shell meal.

These fertilizers make the soil suitable for the growth of fruits, vegetables, and other crops. Animal-based organic fertilizers improve the texture, water infiltration, and water holding capacity of the soil, which is expected to boost the product demand during the forecast period.

COVID-19 has affected economies and industries in various countries due to travel bans, lockdowns, and business shutdowns.In Europe, Italy is the hardest-hit country by the coronavirus outbreak.

It is anticipated to suffer an economic hit due to the lack of revenue from various industries, as Italy recorded the highest number of coronavirus cases.Other member states have implemented travel restrictions and drastic measures, including partially closing their borders.

This is anticipated to impact the organic fertilizers market growth in Europe negatively.

The overall Europe organic fertilizers market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The method also serves the purpose of securing an overview and forecast for the Europe organic fertilizers market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights into the topic.

The participants who typically take part in such a process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts, and key opinion leaders specializing in the Europe organic fertilizers market. AgroCare Canada; Biostar Renewables, LLC; Coromandel International Limited; Italpollina SpA; Perfect Blend, LLC; ScottsMiracle-Gro; and Suståne Natural Fertilizer, Inc. are among the key players operating in the Europe organic fertilizers market.

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