According to our latest market study on “Organic Fertilizers Market Forecasts to 2027 – Covid-19 Impact & Global Analysis by Source (Plant, Animal, Mineral); Crop Type (Cereals and Grains, Oilseed and Pulses, Fruits and Vegetables, Others); Form (Dry, Liquid) and Geography The organic fertilizers market was valued at US$ 6,181.99 million in 2018 and is projected to reach US$ 15,168.62 million by 2027; it is expected to grow at a CAGR of 10.6% from 2019 to 2027. The report highlights key factors driving the market growth and prominent players along with their developments in the market.
AgroCare Canada, Inc, Biostar Renewables, LLC, Coromandel International Limited, Italpollina S.p.A, Midwestern BioAg, Perfect Blend, LLC, Sustane Natural Fertilizer, Inc, National Fertilizers Limited, Krishak Bharati Cooperative Limited, The Scotts Miracle-Gro Company are among the major companies operating in the global Organic Fertilizers market.
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Organic fertilizers are produced from natural sources such as animal matter, manure, vegetable matter, and human excreta. It is a vital element that promotes the growth of micro-organisms present in the soil. The nutritional content of the organic fertilizer depends upon its composition. Organic fertilizers are easy to use and are also food safe compared to synthetic fertilizers. Synthetic fertilizers can cause harm to the environment as well as to the living creatures, due to which the companies have developed organic fertilizers to reduce the damage. The increase in organic farming is one of the important factors driving the growth of the organic fertilizers market.
The organic fertilizers market in Asia Pacific is expected to grow at the highest CAGR during the forecast period. Moreover, Asia Pacific holds the significant share of the global organic fertilizers market due to the high use of organic fertilizer in regional agriculture. China and India are among the leading countries in terms of organic fertilizer usage. China dominated the Asia Pacific organic fertilizer market in 2018 and is projected to lead the market during 2019–2027. Demand for organic food and and green foods is growing rapidly in this country, especially among the middle classe population, which is positively impacting in the market growth. According to the Chinese Report on Organic Agriculture Certification & Industry Development in 2019, Europe, Japan, and the US are the biggest markets for Chinese organic food exports. China ranked third in the certified organic area in 2017, after Australia and Argentina. Total organic sales in China ranked fourth globally, after the US, Germany, and France. All these factors are influencing the market for organic fertilizer in China.
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Growing Consumption of Organic Food Products
At present, people are making themselves aware of healthy ways of living. Smarter consumers prefer to eat healthily and spend on healthy foods rather than spending on medical treatments. Constant checks are made on certified organic products and the use of organic fertilizers to reduce the chances of diseases like cancer, brain damage, or infant abnormalities that can be caused due to the use of chemical fertilizers. The crops and foods grown with the application of organic fertilizers are highly nutritious and are fresh and healthy to consume compared to conventional food. The organic crops also contain a high level of minerals, vitamins, and antioxidants. They are also free from chemical fertilizers and pesticides. In order to have a balanced, safe, and healthy lifestyle, the consumers prefer consuming organic food. Due to a surge in smartphone usage, there has been tremendous access to information about the benefits of organic food. Additionally, the e-commerce platforms act as a facilitator in reaching out to the potential customers who are willing to pay for organic products. Expanding mindfulness about the medical advantage of organic food combined with the headway in organic cultivating procedures has also paved the way for the rising demand for organic fertilizers. The chemical composition of chemical fertilizers is strong and remains deposited on the outer layer of the fruits and vegetables that do not get washed away easily with water. They result in working as slow poison and later cause other harmful effects on the body. The consumers being aware of these factorsprefer buying organic fruits and vegetables, which propels the growth of the organic fertilizer market.
GLOBAL ORGANIC FERTILIZERS MARKET SEGMENTATION
Global Organic Fertilizer Market – by Source
Global Organic Fertilizer Market – by Form
Global Organic Fertilizer Market – by Crop Type
Cereals and Grains
Oilseed and Pulses
Fruits and Vegetables
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Key points from Table of Content:
2. Key Takeaways
3. Research Methodology
4. Organic Fertilizers – Market Landscape
5. Global Organic Fertilizers Market – Key Market Dynamics
6. Organic Fertilizers – Global Market Analysis
7. Organic Fertilizers Market Analysis – By Source
8. Organic Fertilizers Market Analysis – By Crop Type
9. Organic Fertilizers Market Analysis – By Form
10. Organic Fertilizers Market – Geographic Analysis
11. Impact of COVID-19 Pandemic on Global Organic Fertilizer Market
12. Industry Landscape
13. Company Profiles
LIST OF TABLES
LIST OF FIGURES
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