Organic Fertilizers MarketTheGlobal Organic Fertilizer Marketis estimated at USD 9.95 Billion in 2021 and is expected to grow with a Compound Annual Growth Rate (CAGR) of 12.1 % between 2022 and 2028. Organic fertilizers are made from vegetable materials, animal dung, human and animal dung matter. Natural fertilizer enriches the soil, plants and benefits insects. These fertilizers are durable, rotting, and environmentally friendly. Farmers use natural fertilizers due to their low cost and long-lasting effect on the soil. In addition to acting as fertilizer on plants, organic fertilizers also set the soil.
The organic food industry has seen an increasing demand for organic food among consumers in recent years. This can be due to the various benefits of organic farming such as replacement to use of pesticides and chemicals. This growing demand for organic food promotes the growth of the organic fertilizer market. Increasing demand and adoption of environmentally friendly agricultural products are expected to boost the Global Organic Fertilizer Market. Apart from this, the rapid development of new organic fertilizers that produce high-yielding crops is also considered to strengthen the growth of the Global Organic Fertilizer Market. The increase in farm area under organic farming is expected to increase the market growth of organic fertilizers. In addition, the government is promoting the adoption of organic fertilizers in various countries. Apart from this, the government has introduced incentives and reimbursement programs. This feature is expected to have a positive impact on the growth of the organic fertilizer market. Animal-based fertilizers continue to stay in the product phase. Part of the animal-based fertilizer is expected to see a significant increase in demand by 2028 in the organic fertilizer market. Growth in the sale of animal-based fertilizers will be largely supported by the high nutritional value, fast action, and reaction, low-cost requirements, the easy availability and abundance of animal waste.
The global market for organic fertilizer is segmented on the basis of source into plants, animals, and minerals. On the basis of nutrition content, the market is divided into 60% biodiversity, biodiversity from 40% to 60%, biodiversity from 20% to 40%. While on the basis of crop type the market is divided into grain, oilseeds & pulses, fruits & vegetables, and others. The organic fertilizer market has expanded over the regions of Asia Pacific, North America, Europe, Latin America, the Middle East & Africa. Asia-pacific delivered the largest share of the organic fertilizer market in 2021, followed by Europe and Latin America. Much of the region is largely driven by increased health awareness, large-scale ecosystems, population, and income growth, increased equipment and irrigation, and the availability of biodiversity. In addition, supportive government policies and programs of other organizations in promoting and growing the biodiversity industry also support the growth of the organic fertilizer market in the region. However, demand for organic fertilizers is expected to rise sharply in North America in the next few years.
Some of the major players operating in the Global Organic Fertilizer Market include The Scotts Miracle-Gro Company (US), Tata Chemicals Limited (India), National Fertilizers Limited (India), Coromandel International Limited (India), Krishak Bharati Cooperative Limited (India), Italpollina SpA (Italy), Midwestern BioAg (US), Perfect Blend, LLC (US), ILSA S.p.A (Italy), Sustane Natural Fertilizer, Inc. (US), AgroCare Canada, Inc. (Canada), BioStar Systems, LLC (US), and Nature Safe (US)..
Jan 26, 2022
