The market for organic fertilizers in North America is anticipated to reach a value of more than US$ 3.17 billion by 2031, with sales increasing at a positive CAGR of 6.3% between 2021 and 2031. In 2021, the target market’s worth rose to US$1.63 billion. The North America Organic Fertilizers Market is expected to rise over the course of the forecast period due to an increase in the adoption of various organic farming techniques in the United States and Canada.
The target market is expected to expand significantly during the forecasted period as a result of altering consumer preferences towards environmentally friendly products and the pervasive business trend towards sustainability. The use of organic fertilizers will probably rise quickly due to a number of severe laws set by regional governments and environmental regulatory organizations.
Moreover, the growing health concerns among consumers further spurs the demand of organic fertilizer in North America. Increasing awareness about the negative effects of synthetic chemicals used in pesticides, fertilizers, and insecticides is a major growth driver for the organic fertilizers market in this region. Additionally, surging demand for food and agriculture goods that have been cultivated with organic farming methods will increase at a comparatively much faster rate than conventional food and agriculture products. This will positively influence the target market.
Again, other factors like soil quality preservation, rising preference for organic fertilizers over synthetic ones, implementation of various environmental regulations, and various advantages associated with organic fertilizers further drive the growth of the North America organic fertilizers market during the forecast period.
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“A variety of benefits associated with organic fertilizers coupled with increasing adoption in agriculture will supplement the global growth of the North America organic fertilizers market over the forecast period,” says an FMI analyst.
Key Takeaways:
- The high price and low nutritional content may stymie the market growth.
- The U.S. organic fertilizers market will grow at a CAGR of 7.1% during the assessment period.
- The organic fertilizer market in Canada will grow at a CAGR of 6.5% during 2021-2031.
- By source, the animal source segment will contribute about 68% of the overall market revenue.
- On the basis of application, the fruits and vegetables segment will register a growth rate of 7.1% during the forecast period.
Competitive Landscape
Sustane Natural Fertilizer Inc, True Organic Products Inc., California Organic Fertilizers Inc.
Purely Organics LLC, Fertoz Limited, Fertilizers USA LLC, The Scotts Miracle-Gro Company, Sigma AgriScience, LLC, Bio Green USA, Inc., and American Plant Food Corporation among others are some of the major players in the North America organic fertilizers market profiled in the full version of the report.
Leading market players are concentrating on employing strategic partnerships with local as well as international distributors to strengthen their market position.
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More Insights into North America Organic Fertilizers Market Report
In its latest report, FMI offers an unbiased analysis of the global North America organic fertilizers market, providing historical data from 2016 to 2020 and forecast statistics for 2021 to 2031. To understand the global market potential, growth, and scope, the market is segmented on the basis of source type (plant source, animal source), application (cereals and crops, fruits and vegetables, lawns, turfs, and gardens), form (solid, liquid), and country (US, Canada).
According to the latest FMI reports, based on segmentation, the fruits and vegetables segment will contribute significantly to the overall market growth. This segment is expected to grow at a CAGR of 7.1% during 2021-2031. In terms of form, the solid segment is anticipated to generate high demand, growing at a CAGR of 6.7% during the forecast period.
Based on region, the organic fertilizers market in the United States will exhibit impressive growth during 2021-2031. The target market in this country will grow at a CAGR of 7.1%, becoming the most lucrative market for the product in North America. Rising awareness of harmful effects of chemical fertilizers fuels the growth of the target market in this country. Apart from the U.S., Canada will also present notable growth with a CAGR of 6.5% during the forecast period.
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