New York, Dec. 19, 2022 (GLOBE NEWSWIRE) — The Insight Partners has released the latest research study, “Organic Fertilizer Market Forecast to 2028 – Global Analysis – By Source, Crop Type, Form and Geography.” Growing health awareness among consumers is driving the demand for organic products. Advancement in agricultural practices and technology, heavy investment in research and development, and increasing health consciousness are some of the important factors expected to boost the organic fertilizers market.
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Scope and strategic insights of the Organic Fertilizers Market report;
| Report coverage | Details |
| Market size value | 9.05598 billion USD in 2022 |
| Market Size Value by: | 16.63671 billion USD by 2028 |
| Growth rate | CAGR of 10.7% from 2022 to 2028 |
| Forecast period | 2022-2028 |
| Base year | 2022 |
| Number of pages | 157: |
| Number of tables | 83: |
| No. of diagrams and figures | 80: |
| Historical data available | yes |
| Sections covered | Source, crop type and form |
| Regional framework | North America, Europe, Asia Pacific, Middle East & Africa, South & Central America |
| The circle of the earth | USA, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors and trends |
Market of organic fertilizers. competitive landscape and key developments
AgroCare Canada, Inc. Biostar Renewables, LLC; Coromandel International Limited; Italpollina SpA; Midwestern BioAg; Perfect Blend, LLC; Sustane Natural Fertilizer, Inc. National Fertilizers Limited; Krishak Bharati Cooperative Limited; and The Scotts Miracle-Gro Company are some of the major players in the organic fertilizer market. These companies have an extensive presence all over the world, which gives them profitable opportunities to serve a large number of customers and expand their operations.
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Asia Pacific held the largest share of the organic fertilizers market in 2021. The overall fertilizer market in Asia Pacific has seen tremendous movement over the years. Asia Pacific is the largest continent in the world and is known for its agricultural base. The growth of the market in the region is related to the growth of the middle class population and urbanization. The main Asia Pacific countries that play an important role in agriculture are India, China and Australia. Major crops grown in these countries include fruits and vegetables, oilseeds, grains and cereals. Advances in communication technology in these Asia-Pacific countries have contributed to awareness of health and health dynamics.
Benefits associated with organic fertilizers are driving the growth of the organic fertilizers market
The main role of organic fertilizers in agriculture is to supply nutrients in organic forms of plant or animal origin. These fertilizers contribute to the sustainability of farmers and growers and lead consumers to a sustainable lifestyle. They are free of harmful chemicals that can cause waterway pollution, air pollution, soil acidification and chemical burns of crops. They nourish the soil with organic matter, thus reducing dependence on chemicals. Organic fertilizers restore and maintain soil fertility for plant growth. They enhance soil biological activity and biodiversity. Increasing water efficiency through the use of organic fertilizers makes crops more resilient and drought resistant. Organic plant fertilizers such as alfalfa meal, compost, corn gluten meal, cottonseed, soybean meal, kelp or kelp, and humus provide the nitrogen, potassium, and phosphorus needed for plant growth. These nutrients are provided in forms that can be easily absorbed by growing plants. Supplementing soil nutrients with animal-based organic fertilizers such as manure, bat or seabird guano, blood meal, bone meal, and fish products makes the soil suitable for growing fruits, vegetables, and other crops.
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Organic Fertilizers Market – Segment Overview
By source, the organic fertilizer market is segmented into plant, animal and mineral. The animal segment accounted for the largest market share in 2021 and the plant segment is expected to register the highest CAGR during the forecast period. Organic fertilizers from animals, fish and birds contain nitrogen, phosphorus and potassium, which act as essential nutrients for plant growth. Although animal manure adds a large amount of organic matter to the soil, it contains little nutritional value.
Based on crop type, the organic fertilizers market is segmented into grains and cereals, oilseeds and pulses, fruits and vegetables, and others. The cereals and grains segment accounted for the largest market share in 2021, and the fruits and vegetables segment is expected to register the highest CAGR during the forecast period.
Based on form, the organic fertilizers market is segmented into dry and liquid. The liquid segment is expected to register a higher CAGR during the forecast period due to the ease of administration of this form and greater absorption capacity of the liquid form than the dry form.
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