The organic fertilizer market is expected to develop at a positive compound annual growth rate (CAGR) of 6.3% from 2022 to 2032, when it is expected to be valued at US$ 17037.6 million globally. The target market, which is expected to reach an estimated US$ 9248.6 million in 2022, is probably driven by the need for increased agricultural productivity as a result of the world’s growing food needs.
In addition, a heightened awareness of the adverse effects of chemical products and the positive impact of organic fertilizers also aids the growth of the organic fertilizers market during the forecast period. Owing to the immense population growth taking place across the globe, the demand for food has also escalated.
As a result, greater agricultural production is necessary to meet the growing demand for food. Though chemical fertilizers have been used as a standard practice to bolster agricultural output for a long time, the adverse effect of doing so has led to a rising demand for an environment-friendly substitute. The extensive use of agrochemicals is being reconsidered owing to its negative effects on soil quality, plant physiology, animals, and people.
Request Your Sample Report Now! https://www.futuremarketinsights.com/reports/sample/rep-gb-1948
Chemical fertilizers often lead to land damage and contamination of the water (soil erosion). Their large-scale usage has a harmful impact on the ecosystem as fertilizer wastes can contaminate the soil, surface, or groundwater, or can be released into the atmosphere through vitalization. Hence, a growing awareness of these adverse effects of chemical fertilizers coupled with heightened demand for food encourages the market growth of organic fertilizers.
Organic fertilizers are less damaging to life due to the fact that they decompose quickly without influencing the surface or groundwater. These fertilizers enhance oil structure, have a longer shelf life, and improve the soil’s capability to retain nutrients and water. They are increasingly preferred over other kinds of fertilizers for creating agricultural output free of harmful residues.
Organic fertilizers are non-toxic, slow-releasing fertilizers that do not leave any residues in the food. Thus, considerations like a rising desire to foster greater agricultural output, avoid harmful consequences of chemical inputs, and a wish to capitalize on the positive effects of organic fertilizers are fueling the demand for organic fertilizers.
“Growing demand for food coupled with rising concerns for the environment will stimulate the global growth of the organic fertilizer market over the forecast period,” says an FMI analyst.
Key Takeaways:
- Fluctuations in prices may hamper the organic fertilizer market growth.
- By form, the dry type organic fertilizers segment will account for a major portion of the global market share.
- Asia Pacific region will lead the global market growth during 2022-2032.
- China and India will offer several lucrative opportunities to the organic fertilizer market.
Competitive Landscape
Hello Nature International Srl, Karnataka Agro Chemicals, Italpollina SpA., Coromandel International Limited, Midwestern BioAg, Perfect Blend, LLC, California Organic Fertilizers, Inc., Biolchim S.p.A., Queensland Organics, FertPro Manufacturing Pty Ltd., National Fertilizers Limited, Fertoz Ltd., SPIC Ltd, Scotts Miracle-Gro Company, Suståne Natural Fertilizer, Inc., and Fertikal NV among others are some of the major players in the organic fertilizer market profiled in the full version of the report.
Key market players are keen on expanding their production capacities to cater to growing consumer demands. These organizations adopt various technological innovations and employ strategic mergers, alliances, collaborations, and agreements to gain a competitive edge.
Elevate Your Business Strategy! Purchase the Report for Market-Driven Insights: https://www.futuremarketinsights.com/checkout/1948
Organic Fertilizer Market Segmentation
By Source, Organic Fertilizer Market is segmented as:
- Plant
- Animal
- Mineral
By Crop Type, Organic Fertilizer Market is segmented as:
- Cereals & grains
- Oilseed & pulses
- Fruits& vegetables
- Others
By Form, Organic Fertilizer Market is segmented as:
- Dry
- Liquid
By Region, Organic Fertilizer Market is segmented as:
- North America
- Latin America
- Europe
- South Asia Pacific
- East Asia
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube