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Greece Biofertilizer, Biopesticide, & Biostimulant Market size to exceed $55bn by 2024

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According to the Graphical Research new growth forecast report titled Greece Biopesticides Market Size, By Product (Bioherbicides, Bioinsecticides, Biofugicides), By Application (Seed treatment, Foliar Spray, Soil Spray), By Crop (Seed Treatment, Soil Treatment), By Crop (Grain & Oil Seeds, Fruits & Vegetables), By Form (Dry, Liquid), By Source (Microbial, Biochemical), Biostimulants Market Size, By Active Ingredients (Acid Based, Extract based) By Application (Foliar Treatment, Seed Treatment, Soil Treatment), By Crop (Row Crops, Turf & Ornaments, Fruit & Vegetables), By Form (Dry, Liquid), and Biofertilizers Market Size, By Product (Nitrogen-Fixing, Phosphate-Solubilizing, Potash-Mobilizing), By Application (Seed Treatment, Soil Treatment), By Crop (Cereals & Grains, Pulses & Oil Seeds, Fruits & Vegetables), By Form (Dry, Liquid), 2018-2024”, estimated to exceed USD 55mn by 2024.

Expanding the agricultural output to reduce the dependency on imports and increase the contribution of agriculture to the economy is propelling the Greece biofertilizer, biopesticide, & biostimulant market growth. Additionally, reduction in arable land will positively influence the business demand over the next few years. Cost effectiveness of the product is among the key features proliferating the product usage.

According to FAO, the agricultural land area in the country was 7,783 thousand hectares in 2014. As per European Commission, in 2017, fruits accounted for the highest market share of 21.6% in Greece, which was around 7.8% of the EU fruit revenue. Olive oil is among the country’s most exported agricultural products with 17.4% of the EU olive oil revenue share. However, lower fertility of soil along with government subsidies on organic farming owing to growing environmental concerns is supplementing the market expansion in Greece.

Technological advancements towards product development coupled with expanding distribution network will augment the product demand in the country. Growing demand for organic food owing to rising health consciousness coupled with high disposable income is supplementing the biofertilizer, biopesticide, & biostimulant industry growth.

Greece biostimulants market from extract based active ingredient is expected to account for over 30% market share in 2024. High abiotic and biotic stress tolerance along with attractive seed germination will boost the industry growth from the ingredient. Improved aeration & soil structure will support the product demand.

Greece biopesticide market from foliar spray generated sales was over 430 tons in 2017 and is forecasted to dominate the market over the next few years. Higher resistance against severe climatic conditions such as drought will propel the industry development through foliar spray. Enhanced nutrient absorption by the roots of the plant by foliar spraying along with the benefit of immediate effect on the plant will escalate the business demand.

Greece biofertilizer market from cereals & grains is forecast to grow at over 12% from 2018 to 2024. Wheat, maize, rice, and barley are the largest produced cereals in Greece. According to European Commission, in 2017, cereals & grains accounted for 7.7% of the total agricultural output of the country. However, Greece fruits accounted for 7.8% of the EU fruits revenue.

Greece liquid form biostimulant market is projected to witness fastest CAGR during the forecast period from 2018 to 2024. Higher temperature resistance accompanied by the longer shelf life of the product are among the key factors driving the liquid form biostimulant market expansion. Uniform application along with applicability in foliar spray technique will boost the industry demand through the segment.

Greece biofertilizers market is consolidated with large presence of local manufacturers including Humofert, Sunmatte Xian Technology Co., Ltd, and Panagrotiki SA. Greece biostimulants and biopesticides market is moderately fragmented with major presence of Spain and Greece manufacturers. The key players in biopesticides and biostimulant market include Koppert BV, Seipasa, Futureco Bioscience, and Humofert.

Segments we cover:

Greece Biofertilizers Market By Product

  • Nitrogen-Fixing
  • Phosphate-Solubilizing
  • Potash-Mobilizing

Greece Biofertilizers Market By Application

  • Seed Treatment
  • Soil Treatment

Greece Biofertilizers Market By Crop

  • Cereals & Grains
  • Pulses & Oil Seeds
  • Fruits & Vegetables

Greece Biofertilizers Market By Form

  • Dry
  • Liquid

Greece Biopesticides Market By Product

  • Bioherbicides
  • Bioinsecticides
  • Biofugicides

Greece Biopesticides Market By Application

  • Seed treatment
  • Foliar Spray
  • Soil Spray

Greece Biopesticides Market By Crop

  • Grain & Oil Seeds
  • Fruits & Vegetables

Greece Biopesticides Market By Form

  • Dry
  • Liquid

Greece Biopesticides Market By Source

  • Microbial
  • Biochemical

Greece Biostimulants Market By Active Ingredients

  • Acid Based
  • Extract based

Greece Biostimulants Market By Application

  • Foliar Treatment
  • Seed Treatment
  • Soil Treatment

Greece Biostimulants Market By Crop

  • Row Crops
  • Turf & Ornaments
  • Fruit & Vegetables

Greece Biostimulants Market By Form

  • Dry
  • Liquid

The above information is provided for the following countries:

  • Greece