Jul 27,2021 | Agriculture
The growth of the organic fertilizers market is mainly attributed to the increasing demand for organic foods, rising awareness regarding environmental safety, advances in organic fertilizer manufacturing processes, and abundant organic waste availability. However, at times the high demand for inorganic or synthetic fertilizers and challenges to new entrants and small companies hinder the growth of the market marginally.
In terms of value, the organic fertilizers market is expected to reach US$15.9 billion by 2027, at a CAGR of 11.5% during the forecast period, 2020-2027. Also, in terms of volume, the organic fertilizers market is expected to grow at a CAGR of 6.6% from 2020 to 2027 to reach 33,829.2 KT by 2027. The research report provides an in-depth analysis of the organic fertilizers market across 5 major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments and forecast till 2027.
The study offered on Bharatbook explores the comprehensive analysis of the global organic fertilizers market based on the source, form, application, crop type, and geography. The global organic fertilizers market is mainly segmented by source (animal-based and plant-based, mineral-based, and others), by form (dry form and liquid form), by application (broadcasting, fertigation, foliar application, and others), by crop type (cereals & grains, fruits & vegetables, oilseeds & pulses, turf & ornaments, and other crops), and geography. The study also evaluates industry competitors and analyses the market at the country level.
Geographically, Asia-Pacific is estimated to command the major share of the organic fertilizers market in 2020, followed by Europe and Latin America. However, North America is expected to register the highest CAGR during the forecast period mainly attributed to the vast growth of the organics sector due to increasing health awareness among the consumers; growing population and rising demand for organic products; continuously growing areas under organic cultivation, and government support and other organizations’ and associations’ initiatives to promote organic agriculture and allied sectors across the region.
The major players operating in the global organic fertilizers market are Italpollina S.p.A. (Italy), Multiplex Group (India), Coromandel International Limited (India), Midwestern BioAg (U.S.), Perfect Blend, LLC (U.S.), ILSA S.p.A. (Italy), California Organic Fertilizers, Inc. (U.S.), Biolchim S.p.A. (Italy), Qld Organics (Australia), FertPro Manufacturing Pty Ltd. (Australia), National Fertilizers Limited (India), SPIC Ltd (India), Fertoz Ltd. (Australia), ScottsMiracle-Gro Company (U.S.), Suståne Natural Fertilizer, Inc. (Australia), and Fertikal NV (Belgium), among others.
For more insights on the market, we suggest you to visit Organic Fertilizers Market.