Organic Fertilizers Market 2021-2027: Industry Analysis, Size, Share, Trends, Growth and Forecast
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.
Market
Forecast:
The global organic fertilizers market 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.
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 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.
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Full Report@ https://www.marketresearchfuture.com/reports/organic-fertilizers-market-4076
Competitive
Analysis:
Some of the key players
in the global Organic fertilizers market 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.
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 during the forecast period 2017-2023.
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