Global Organic Fertilizers Market to reach USD 19.71 Billion by 2027.
Global Organic Fertilizers Market is valued approximately at USD 8.87 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 12.08% over the forecast period 2021-2027. Organic fertilizers are fertilizers derived from animal matter, human excrete and vegetable matter such as compost, manure, etc. Globally, more than 2 billion tonnes of municipal solid waste and 7-10 billion of urban solid waste are generated. The wastages are used as a raw material for the production of organic fertilizers. The adverse effects of chemical fertilizers on the soil and increasing awareness about organic fertilizers is driving the market demand. The increased practice of organic farming has also driven the growth of the market. But the fertilizers market has faced disruption due to the impact of COVID-19 pandemic which has restrained the market growth. Also, Government initiatives and schemes to support and promote organic farming is giving opportunities to the market to grow. For instance: - Mission Organic Value Chain Development for North Eastern Region (MOVCDNER) is promoting 3rd party certified organic farming of niche crops in the north east region through Farmers Producer organizations (FPOs) with focus on exports. Farmers have been given assistance of Rs. 25000/ha/3 years for organic inputs including organic manure and bio fertilizers etc. Continuous research and development by the market players to improve the quality of their products, in line with the increased demand for value-ensuring produce is also expected to propel the market forward.
The key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World are considered for the regional analysis of global Organic Fertilizers market. Asia Pacific is the dominant market and had the largest share in 2020, owing to the increasing health awareness, huge areas under organic cultivation, rapid population and income growth and the presence of several organic operators. The demand for organic fertilizers is expected to rise in North America in the forecasted period.
Major market player included in this report are
Multiplex Group
Coromandel International Limited
Midwestern BioAg
Perfect Blend, LLC
ILSA S.p.A.
California Organic Fertilizers, Inc.
Biolchim S.p.A.
Qld Organics
FertPro Manufacturing Pty Ltd.
National Fertilizers Limited
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By source:
Plant
Animal
Mineral
By crop type:
Cereals & grains
Oilseed & pulses
Fruits & vegetables
Others
By form:
Dry
Liquid
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.
Target Audience of the Global Organic Fertilizers Marketl in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors