Organic fertilizer is applied in bulk or in concentrate depending on the nutrient level content in the particular concentration of product ingredients. These are low cost renewable sources of plant nutrients which supplement chemical fertilizers. The selected strains of beneficial soil microorganisms used either for seed treatment or soil application are particularly gaining momentum among farming community.
Growth in organic food industry is driving the organic fertilizers market. The governments of many countries, as well as the regional bodies, designed various policies in support of organic farming and against the sporadic utilization of chemical fertilizers in Europe. Push from Governments and adequate support for sustainable farming is expected to maintain steady growth in the market. High research and development cost and less product availability is the major constraint for the growth. The relatively developing countries of Europe like Netherlands, Belgium, Denmark would provide substantial growth opportunity for the market.
The organic fertilizers market is divided into two major segments namely organic residue based fertilizers and microorganism (biofertilizers) depending on the source of nutrients and raw materials. More than half of the market share is covered by microorganism based organic fertilizers due to its diversified product application.
By means of microorganisms, nitrogen fixing bacteria such as rhizobium, azotobacter are widely applied and account for major market share. Organic residue based fertilizers are classified into farm yard manure (FYM), crop residues and green manure etc. depending on the source of raw material. By application in crops, the market is segmented into crop based and non-crop based applications. Application of these fertilizers is more in cereal crops and the segment accounts for around 40% of the market share. Fruits and vegetables are the second largest and fastest growing segment.
Favorable regulatory scenario in Europe makes the region the largest market for organic fertilizer demand. The consumption of organic fertilizers in the region is concentrated between Germany, Italy, France, UK and Spain as these account for more than 60% of the regional market share. New product development as per the local needs and investment in research and development of organic fertilizers is expected to expand market size in Europe.
The organic fertilizer market in Europe is the most developed and widespread among all the other regions. The key players in the market are focused on new product launch to cater to wider consumer base and expand market share in local market. All the major players have presence in Europe and the regional market place is divided among the big players along with some regional players. The major players in the market are Lallemand Inc., Biofertilizer A.G., Novozymes A.S., and Biomax. etc. Mergers and acquisitions and joint ventures are the preferred strategies adopted by major players to increase their respective market shares in the Europe.
1.1 Key Deliverables of the study
1.2 Study Assumptions
1.3 Market Definition
2. Research Approach & Methodology
2.2 Research Designs
2.3 Study Timelines
2.4 Study Phases
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering and Econometric Modelling
2.4.4 Expert Validation
3. KEY FINDINGS OF THE STUDY
4. MARKET OVERVIEW
4.1 Market Dynamics
188.8.131.52 Increased practise of organic farming
184.108.40.206 Hazards of chemical fertilizers
220.127.116.11 Government support to the manufacturers
18.104.22.168 High synthetic fertilizers demand and easy regulatory structure
22.214.171.124 High R&D Costs & Low Product Availability
126.96.36.199 Organizations promoting organic agriculture
188.8.131.52 Product development and innovation
4.1.4 Porter's Five Forces Analysis
184.108.40.206 Bargaining Power of Suppliers
220.127.116.11 Bargaining Power of Buyers
18.104.22.168 Threat of New Entrants
22.214.171.124 Threat of Substitute Products
126.96.36.199 Degree of Competition
5. MARKET SEGMENTATION
5.1 By Type
188.8.131.52 Blue-green Algae
184.108.40.206 Phosphate solubilizing bacteria
5.1.2 Organic residues
220.127.116.11 Crop residues
18.104.22.168 Green manure
5.2 By Application
5.2.3 Fruits and Vegetables
5.3 By Geography
6. Competitive Landscape
6.1 Mergers & Acquisitions
6.2 Joint Ventures
6.3 New Product Launches
6.4 Most active companies in the past five years
6.5 Market Share Analysis
7. Company Profiles
7.1 Novozymes A/S
7.2 Rizobacter Argentina S.A.
7.3 Lallemand Inc.
7.4 T Stanes & Company Limited
7.5 Camson Bio Technologies Limited
7.6 Nutramax Laboratories Inc.
7.7 Antibiotice S.A.
7.10 Premier Tech
7.12 Bio Protan
7.13 Circle-One Internatiomal, Inc.
7.14 Bio Nature Technology PTE Ltd.