Organic Fertilizers Market Size by Growth Factors, Business Trends, COVID – 19 Outbreak, Applications, Regional Analysis, Top Key Players and Segments by 2027
Market Overview:
Fertilizers
are chemical or natural substance which is added to the soil or land so as to
increase fertility. Organic
fertilizers are fertilizers extracted from animal manure, plant extracts as
well as minerals and vegetable matter. Since organic fertilizers are derived
from natural substances, therefore, damage to the environment is less of a
concern. Organic fertilizers are rich in
growth hormones and micro nutrients as well as help to reduce the risk of
diseases in humans, as they find their way to food as well. Due to depletion of
soil quality, use of fertilizers is being propelled to help farmers to increase
crop production, as well as the surge in crop acreage and requirement to
increase crop production is encouraging farmers to use organic fertilizers.
Organic fertilizers are selected according to the requirement of the nutrients
by the crop. They have gained status globally, as they help in increasing the
quantity as well as improve the quality produced.
Competitive Analysis:
Some
of the key players in the global Organic Fertilizers
Market Size are:
·
Tata
Chemicals Ltd. (India)
·
Midwestern
BioAg (U.S.)
·
Coromandel
International Limited (India)
·
Agrocare
Canada (Canada)
·
Italpollina
S.p.A. (Italy)
·
The
Scotts Miracle-Gro Company (U.S.)
·
Suståne
Natural Fertilizer, Inc. (U.S.)
The demand for organic
fertilizers has pushed manufacturers to innovate and develop new product lines,
which provide better quality and offers various health benefits.
Market Forecast:
The global Organic
Fertilizers Market Size is
growing due to increasing population as well as their increasing willingness to
pay for organic foods. Farmers’ preference towards organic farming due to
favorable pricing of the products has helped to increase the area under
cultivation as well as growing agriculture land area for organic cultivation,
has led to the increasing demand for organic fertilizers. In addition to the
increasing population, the growing demand for food, rise in the crop
production, increasing soil efficiency, growing economy, increasing demand for
bio-fuels and high quality yield are expected to drive the Organic
Fertilizers Market Size.
Increased awareness about the organic fertilizers due to government policies
and rules towards the growth of organic fertilizers has raised the bar for
quality, which, in turn, increase the market share of organic fertilizers
globally. Major market dispersion is leading to the introduction of new
products based out of the organic fertilizers and their retail across various
regions. The market players are responding to these new opportunities by
expanding their service offerings/product lines, which has fuelled up the share
of organic fertilizers in the global market. High nutritional benefits obtained
from organic fertilizers are also supporting the sale of organic fertilizers
globally. Additionally, the augmentation of the product development together
with research advancements are other significant reasons for the increasing
growth of the Organic Fertilizers Market Size during the forecast period 2017-2023.
Market Segmentation
The global organic fertilizers
market is segmented by source, crop, certifications, form, and region.
Regional Analysis:
The
global organic fertilizers market is regionally segmented into North America,
Europe, Asia Pacific, and Rest of the World (RoW). Europe region accounts for
major market share followed by Asia Pacific for the organic fertilizers market. Ample availability of land for
farming under organic cultivations as well as consumer willingness to pay for
the organic foods, will drive the growth of the
market in the European region during the forecast period. In Asia Pacific,
strong government policies that contribute to the growth of organic fertilizers
as well as large agricultural land area, will drive the growth of this market
in this region. However, in European region, significant growth is expected in
Germany, France and Italy due to increasing health and environmental concerns,
over the forecast period 2017-2023.
Downstream Market
Analysis:
Globalization and urbanization
are key factors for the growth of this market. Furthermore, the admiration of
organic fertilizers and its involvement of nutritional attributes as well as
extra micronutrients are encouraging the growth of the liquid fertilizers
market. The consumer’s willingness to pay for organic foods as well
government’s policies and rules towards the organic fertilizers is expected
to play a significant role in the growth of this market during the forecast
period. Additionally, the augmentation of the product development together
with research advancements are other significant reasons for the increasing
growth of the Organic Fertilizers Market Size during the forecast period 2017-2023.
NOTE: Our Team of Researchers are
Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
Market and Industries. Cordially get in Touch for More Details.
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