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Posted in Agriculture by Adolf on Jan 9,2023 308
Fertilizers are chemical substances, either organic or synthetic, that are spread over crops or croplands in order to provide nutrients to the crops and promote their growth. The development of the plant's blossoms and fruits or the height of the crops are all examples of growth. Nitrogen fertilizers, inhibitor nitrogen fertilizers, phosphorus fertilizers, potassium fertilizers, calcium, magnesium, and sulphur fertilizers, and micronutrient complex fertilizers are the various types of fertilizers available in the market. The farmers use a variety of natural fertilizers, including dung, slurry, worm castings, peat, seaweed and guano.
The primary function of organic fertilizers is to proffer nutrients under organic forms derived from organic materials of plant or animal origin. Organic fertilizers provide sustainable agricultural benefits to farmers, growers, consumers and the environment at large. They are free from harmful chemicals that can cause waterway pollution, air pollution, acidification of soil and chemical burns to crops. They nurture the soil with organic matter that reduces the dependency on chemical inputs. They minimize leaching and lessen the impact of farming and safeguard the ecosystem. The plant-based organic fertilizers like alfalfa meal, compost, corn gluten meal, cottonseed meal, soybean meal, kelp or seaweed, and humus are responsible for adding nitrogen, potassium, and phosphorous to the plants. They make sure that the required nutrients reach the deficient part of the plants. Supplementing the soil nutrients with animal-based organic fertilizers, such as manure, bat or seabird guano, blood meal, bone meal and fish products, makes the soil appropriate for the growth of fruits, vegetables and other crops.
The organic fertilizers need to be broken by the soil organisms to release their nutrients, which takes time. Besides, as they work slowly, nothing is wasted. They are consumed and released, unlike the chemical fertilizers that are released immediately into the soil. Owing to the organic material content, they enhance the soil's workability that makes the soil more comfortable to work, and allows more air to enter the plant roots.
The global organic fertilizers market is expected to reach US$ 19.88 billion by 2029, at a CAGR of 12.1% during the forecast period 2022–2029. This market is also expected to reach 51,410.9 KT by 2029, at a CAGR of 7.8% during the forecast period. The growth of this market is driven by the increasing demand for organic foods and the awareness of the environmental safety of organic fertilizers. Additionally, the availability of huge organic waste and advancements in organic fertilizer manufacturing processes further support the growth of this market.
Based on source, the global organic fertilizers market is segmented into animal-based sources, plant-based sources, mineral-based sources, and other sources. In 2022, the animal-based sources segment is expected to account for the largest share of the global organic fertilizers market. The large market share and fast growth rate of this segment are attributed to the high nutritional value of animal-based organic fertilizers, quick action and response, low quantity requirements, and the easy and huge availability of animal waste.
Based on form, the global organic fertilizers market is segmented into dry organic fertilizers and liquid organic fertilizers. In 2022, the dry organic fertilizers segment is expected to account for the largest share of the global organic fertilizers market. The large market share of this segment is attributed to the rising adoption of dry organic fertilizers for lawn and garden applications, the long-lasting effects of dry fertilizers, the high efficiency of dry fertilizers in all climatic conditions, and the huge and easy availability of raw materials.
Based on crop type, the global organic fertilizers market is segmented into cereals & grains, fruit & vegetables, oilseeds & pulses, turf & ornaments, and other crops. In 2022, the cereals & grains segment is expected to account for the largest share of the global organic fertilizers market. The large market share and fast growth of this segment are attributed to the increasing demand for organic cereals & grains and a huge area of land under organic cereals & grains cultivation.
In 2022, Asia-Pacific is expected to account for the largest share of the global organic fertilizers market. The large market share of this segment is attributed to the availability of huge areas under organic cultivation in the region, especially in Australia, increasing health awareness, rapid population and income growth, increasing mechanization and irrigation facilities, and the presence of many organic operators. Government policies and various initiatives to promote the organic industry further support the increasing adoption of organic fertilizers in the region. However, North America is expected to register the highest CAGR during the forecast period.
The key players profiled in the global organic fertilizers market research report are Hello Nature International Srl (Italy), Multiplex Group of Companies (India), Coromandel International Limited (India), Midwestern BioAg (U.S.), Perfect Blend, LLC (U.S.), California Organic Fertilizers, Inc. (U.S.), Biolchim S.p.A. (Italy), Queensland Organics (Australia), FertPro Manufacturing Pty Ltd (Australia), National Fertilizers Limited (India), Southern Petrochemical Industries Corporation Ltd. (India), Fertoz Ltd. (Australia), The Scotts Miracle-Gro Company (U.S.), Suståne Natural Fertilizer, Inc. (Australia), and Fertikal NV (Belgium).