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Long-Term Forecast for Europe Biofertilizers Market to 2028

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The biofertilizers market in Europe is expected to grow from US$ 469.34 million in 2021 to US$ 1,153.11 million by 2028; it is estimated to grow at a CAGR of 12.1% from 2021 to 2028.

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Organic farming is basically a method that includes growing and nurturing crops with the utilization of biological materials and products and eliminates the use of synthetic-based fertilizers and pesticides. Organic farming is being increasingly adopted as it provides healthy and high-quality food products. Along with this, organic farming provides several environmental benefits such as it improves soil fertility, combating soil erosion, and reducing greenhouse gas emissions. The demand for organic products is increasing which is not only due to the increase in conscientious consumers but also due to rising incomes which has increased the area under organic farming. According to the report of World of Organic Agriculture, by the Research Institute of Organic Agriculture (FiBL) and IFOAM, in 2019, 72,3 million hectares were under organic agricultural management across the world.