Organic Fertilizers Market Growth, Emerging Trends and Prospects 2027 with Leading Vendors
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 Growth 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 Growth 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 Growth. 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 Growth during the forecast period 2017-2023.
Market Segmentation
The
global organic fertilizers market is segmented by source, crop, certifications,
form, and region.
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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 Growth during the forecast
period 2017-2023.
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