Organic farming has taken precedence over conventional farming in recent years. Rising environmental consciousness has prompted consumers to abandon mainstream foods in favor of greener alternatives.
Factoring in this trend, governments worldwide are providing impetus to organic farming techniques in order to preserve soil fertility and water degradation. On the back of this, the global organic fertilizer market is experiencing an immense upsurge and will continue doing so across the next half-a-decade.
Organic fertilizers have greatly helped consumers avail access to clean-label foods, to the extent that they are willing to pay a premium price for such products. Leading manufacturers are thus investing heavily in bolstering their research and development capabilities and dole out environmentally friendly fertilizers.
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Organic Fertilizers Market- Competitive Landscape
Some of the key players involved in organic fertilizer production include:
- Fertikal N.V.
- CropAgro
- Bio Nature Technology PTE Ltd.
- National Fertilizers Limited
- Biofosfatos de Brasil
- BioSTAR Organics
- Kribhco
- California Organic Fertilizers
- Multiplex Group
- Italipollina SPA
North America Pivots Global Growth, Asia-Pacific Emerges as a Lucrative Revenue Hub
The North American organic fertilizer market is still in its growth phase, thereby generating credible growth opportunities in the coming years. As of 2016, the United States accounted for over 14,000 organic farms, with a majority of them situated in California.
This has stimulated sales of certified organic products, which includes organic fertilizers. Despite this surge, the North American market still relies on imports of organic fertilizers, thus prompting manufacturers to increase domestic production.
To further this agenda, the U.S government is facilitating policy implementation and research activities. The National Organic Program (NOP), a US Department of Agriculture (USDA) marketing program, aims to fuel organic farming in the future.
Impact of COVID-19 Pandemic on the Organic Fertilizers Market
The novel coronavirus pandemic has drastically altered manufacturing cycles across the entire globe. Implementation of strict social distancing protocols have dented production cycles as employees can no longer travel to factories for work.
This has led to a massive gap in the demand-supply equation and a shortage of raw ingredients due to logistical difficulties. This has impacted the organic fertilizer industry to a very large extent.
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Regions and Countries Analyzed in the Report
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Rest of LATAM)
- Europe (Germany, U.K., France, Italy, Spain, Poland, Russia, Rest of Europe)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
Organic Fertilizer Market: Segmentation
By Raw Material Type
- Plant Based Fertilizers
- Molasses
- Seaweed
- Animal Based Fertilizers
- Urea
- Fish Emulsion
- Compost & Compost Tea
- Legume Cover Crops
- Soybean Meal
- Manure
- Milk
- Cottonseed Meal
By Application
- Farming
- Gardening
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