Organic Fertilizers Market Size Research Covers Top Players, Segment, Statistics and Forecast Report
Market Analysis
The global Organic Fertilizers Market is
predicted to grow at an 11.9% CAGR over the forecast period, states the latest
Market Research Future (MRFR) report. Organic fertilizers are a gentler, kinder
means of offering plants the nutrients which they require. They usually come
from animals, plants, or minerals and comprise various nutrients for enhancing
the soil ecosystem. Cost-effective, slow erosion, reduction in environmental
pollution, slow release of essential nutrients, and enhanced soil fertility,
are some of the key benefits that have made organic fertilizers immensely
popular across the globe.
Various factors are propelling the Organic
Fertilizers Market. Some of these factors according to the Market Research
Future report, include rapidly rising land areas especially under organic
cultivation, innovations in manufacturing techniques of organic fertilizers,
heavy investments in research and development, revolutionizing farming
practices, growing need for food security, and changing perception of farmers
and end users towards farming techniques that are eco-friendly. Additional
factors pushing market growth include biological developments and cultivation
in crop production, rising consumer awareness about harmful effects of chemical
and synthetic fertilizers, drugs and pesticides, the rising consumer base for
pharmaceutical, personal care, and food and beverage products that are
non-synthetic, reduced soil degradation and environmental benefits, and
constant product innovations.
On the contrary, increasing reliance on
inorganic cultivation techniques and high cost are factors that may impede Organic
Fertilizers Market over the forecast period.
Market Segmentation
The MRFR report offers a wide segmental
analysis of the Organic Fertilizers Market Size on the basis of source,
crop, certifications, and form.
Based on source, the Organic Fertilizers
Market is segmented into animals, plants, and minerals. Of these, the animals'
segment will have the largest share in the market over the forecast period.
This is due to the nutritional benefits, including calcium, phosphorus,
potassium, and nitrogen.
Based on crop, the Organic Fertilizers Market
is segmented into fruits and vegetables, cereals and grains, oilseeds and
pulses, and others. Of these, the fruits and vegetable segment will dominate
the market over the forecast period. This is owing to the burgeoning demand and
technological advancements.
Based on certifications, the Organic
Fertilizers Market is segmented into 95% organic and 100% organic.
Based on form, the Organic Fertilizers Market
is segmented into liquid and dry. Of these, the liquid segment will lead the
market over the forecast period. This is owing to its quick absorbability by
soil that allows the nutrients to reach the crops faster.
Regional Analysis
Based on region, the Organic Fertilizers
Market Size report covers the latest trends and growth opportunities across
Europe, the Asia Pacific (APAC), North America, and the Rest of the World
(RoW). Of these, Europe will remain the frontrunner in the market over the
forecast period. This is owing to ample accessibility of land for farming,
especially under organic cultivations as well as the willingness of consumers
in paying for organic foods. Italy, France, and Germany are the key
contributors in this region owing to rising environmental and health concerns.
The Organic Fertilizers Market Size in the
APAC region is predicted to have a notable growth over the forecast period.
This is owing to the huge agricultural land area and strict government
policies.
The Organic Fertilizers Market in North
America will have favorable growth over the forecast period. This is owing to
increasing preferences of consumers for food products that are chemical-free,
rising research and development investments to practice sustainable farming and
the presence of leading accreditation associations such as USDA in the US.
Key Players
Leading players profiled in the Organic Fertilizers Market Research report include Suståne Natural Fertilizer, Inc. (US), The Scotts
Miracle-Gro Company (US), Italpollina S.p.A. (Italy), Agrocare Canada (Canada),
Coromandel International Limited (India), Midwestern BioAg (US.), and
Tata Chemicals Ltd. (India), among others.
August 2019: Leading poultry farm, JEWM
Agro-Industrial Corporation has ventured to develop organic fertilizer
with the help of Japanese technology. It will be marketed to industrial
companies, plantations, hobbyists, and home growers.
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.
Contact us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street,5Th Floor,
New York,
New York 10013,
United States of America
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