Organic Fertilizers Market

Organic Fertilizers Market: By Source, Crop Type, Form, and Region

Market Synopsis

Global Organic Fertilizers Market is valued at USD 10.08 Billion in 2022 and estimated to reach a value of USD 24.95 Billion by 2030 at a CAGR of 12.00% during the forecast period, 2022–2028.

Organic Fertilizers are a great alternative for farmers, home gardeners and consumers who want products that contain no chemicals in their composition, but because these materials represent a relatively high cost to producers, few have managed to reach the market. With this in mind, consumers play a fundamental role as agents who can promote environmental sustainability by changing their consumption patterns and promoting practices aimed at protecting ecosystems from overexploitation. Organic Fertilizers may represent a higher income for farmers and a better-quality product for humanity as a whole if they are able to reach all markets around the world.

Increasing Demand for Organic Products to Drive Demand for Organic Fertilizers Market

Consumers are making the right decision by shifting to organic products. Organic foods are considered healthier than non-organic (conventional) foods since they do not contain synthetic fertilizers or pesticides. Organic farming practices promote sustainable agriculture which in turn benefits the environment and biodiversity at large. Organic farming also helps in providing safe food for human consumption, which is another reason why consumers prefer buying these products over conventional ones.

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Product demand has been increasing among manufacturers who have started adopting organic practices while growing their crops to capitalize on this trend. Farmers have started reaping the benefits of this practice by earning profits from their produce being sold at a premium price in comparison to their conventional counterparts. This has led to the demand for Organic Fertilizers being on a rise.

High Prices may Challenge Growth of Organic Fertilizers Market

The high price of these fertilizers remains a strong barrier for producers and consumers. One of the most important problems faced by Organic Fertilizers is transportation costs. The sale of Organic Fertilizers requires them to be transported from where they are produced to where they will be consumed, which means that it can increase carbon dioxide emissions along the way. In addition, there is a lack of regulation on the part of governments when it comes to standards for organic products or their labeling. Despite being sold as an environmentally friendly product, many fertilizers do not have clear labels that identify them as such, making it more difficult for consumers who want to opt for this type of agriculture right the beginning.

Market Segmentation

Global Organic Fertilizers Market is by source (plant, animal, and mineral), form (dry and liquid), crop type (cereals & grains, oilseeds & pulses, and fruits & vegetables), and region.

By Source, Animal-based fertilizers to Dominate Organic Fertilizers Market

The popularity of Organic Fertilizers has reached a new height, with individuals and organizations looking to make the switch from conventional fertilizers. The organic fertilizer industry is worth around $9 billion and it keeps growing exponentially.

Livestock waste management is becoming a major concern for farmers as large amounts of animal waste produced during livestock farming winds up being stored instead of being used to grow food. This puts pressure on farmers to take steps toward converting animal waste into useful products that can be used as fertilizers or soil amendments. In addition to solving the problem of disposing animal waste more responsibly, environmentally conscious farmers are turning towards using organic materials such as manure because they provide nutrients that are renewable and sustainable.

North America to Dominate Organic Fertilizers Market

As of 2021, North America is holding over 37% share of the global Organic Fertilizers market. A higher demand for these products can be expected, as U.S. Department of Agriculture data suggests that the number of certified organic farms increased by almost twenty-fold - from 3,700 to over 74,000 between 2010 and 2020. Demand for Organic Fertilizers will most likely increase accordingly, given that about 90 per cent of all crops consume nutrients which are taken up by the roots in form of ions or molecules dissolved in water conducted throughout the soil profile via capillary action. Organic farming works hand-in-hand with sustainable development, protecting the environment and the wildlife.

Additionally, changes in consumer preference for products which are free of herbicides, pesticides, chemical fertilizers and GMO ingredients is likely to positively influence market performance over the forecast period. In 2017 alone, North America accounted for a 56% share of total fresh fruits and vegetables cultivated from organic farming as compared with the global average of 12% during that year. This high demand for these products can be attributed to rising health consciousness among consumers as well as increasing disposable incomes enabling them to purchase luxury food items such as organic meats and fruit juices, among others.

Key Players

Some of the key players in the global Organic Fertilizers market are 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).