Organic Fertilizer Market to Grow with a CAGR of 11.32% through 2028
Growing trend of urban gardening & farming and
rising demand for organic food products is expected to drive the Global Organic
Fertilizer Market growth in the forecast period, 2024-2028.
According to TechSci Research report, “Organic
Fertilizer Market – Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the Global Organic Fertilizer Market
stood at USD 4.59 Billion in 2022 and is anticipated to grow with a CAGR of 11.32% in the forecast
period, 2024-2028. The global market for organic fertilizers is driven by
several key factors which includes the increasing demand for organic food,
driven by the health-conscious consumer, propels the need for organic
fertilizers in sustainable farming practices.
Additionally, governmental policies and support for
organic farming also stimulate the market. The environmental impact of
synthetic fertilizers further strengthens the case for organic alternatives, as
they reduce water contamination and enhance soil health. The rising awareness
of sustainable farming in emerging economies offers a tremendous growth
opportunity for the organic fertilizer market.
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Organic Fertilizer Market”
The Global Organic Fertilizer Market encompasses the
thriving worldwide industry focused on the production and sale of organic
fertilizers. These fertilizers, derived from natural sources and processes, are
gaining popularity as eco-friendly and sustainable alternatives to synthetic
fertilizers. They offer numerous advantages, including improved soil health,
reduced environmental impacts, and enhanced crop yields. Within this expansive
market, a wide range of organic fertilizers can be found, such as green manure,
bone meal, compost, and animal wastes. Each type of organic fertilizer brings
unique benefits and can be utilized based on specific soil and crop
requirements.
The global demand for organic fertilizers is steadily
growing due to increasing awareness of the significance of sustainable
agriculture practices. Farmers and consumers alike are recognizing the
detrimental effects of synthetic fertilizers on soil health, water quality, and
biodiversity. As a result, there is a noticeable shift towards adopting organic
fertilizers, which not only promote long-term soil fertility but also help
reduce chemical inputs and support environmentally-friendly farming practices.
With the global organic farming movement gaining momentum, the Global Organic
Fertilizer Market is expected to continue its upward trajectory. As consumers
become more conscious of the food they consume and its impact on the
environment, the demand for organic fertilizers is likely to rise further.
Organic fertilizers, derived from natural sources such as animal manure,
compost, or plant materials, provide essential nutrients to plants while also
improving soil structure and microbial activity. These fertilizers are free
from synthetic chemicals and are considered safe for the environment,
minimizing the risk of water pollution and soil degradation.
The use of organic fertilizers promotes sustainable
agricultural practices by reducing reliance on synthetic inputs, conserving
natural resources, and fostering biodiversity. By improving soil health and
fertility, organic fertilizers contribute to long-term agricultural
sustainability and help mitigate the negative environmental impacts associated
with conventional farming methods.
This growing demand for organic fertilizers presents
new opportunities for manufacturers, suppliers, and farmers to meet the
increasing market demand and contribute to sustainable agricultural practices
worldwide. By embracing organic fertilizers, stakeholders in the agriculture
industry can actively support the transition towards a more
environmentally-friendly and sustainable food production system. In addition to
the growing demand for organic fertilizers, several factors are driving the
expansion of the Global Organic Fertilizer Market. Government initiatives
promoting sustainable agriculture, subsidies for organic farming practices, and
the rising popularity of organic food products all contribute to market growth.
Furthermore, advancements in technology and research are leading to the
development of innovative organic fertilizers with enhanced nutrient content
and improved efficiency.
The Global Organic Fertilizer Market is segmented into
source, crop type, form, regional distribution, and company
Based on form, in the global organic fertilizer
market, dry fertilizers are currently leading in terms of market share. Dry
organic fertilizers, such as compost, manure, and bone meal, are highly
preferred by farmers and gardeners alike. This is due to their exceptional
attributes, including ease of storage, extended shelf life, and effortless
application methods. With the ability to be easily spread over large areas and
seamlessly incorporated into the soil during preparation, dry organic
fertilizers offer unparalleled convenience. Additionally, their slow-release
nature ensures a steady supply of essential nutrients to plants over an
extended period. This gradual nutrient release effectively reduces the
necessity for frequent application, further optimizing plant growth and
minimizing resource consumption.
Based on region, the organic fertilizer market is
predominantly governed by the Asia-Pacific region due to several factors. There
is a strong agrarian culture in countries like India, China, and Indonesia,
where agriculture plays a vital role in the economy. This leads to a high
demand for fertilizers to maximize crop yields and ensure food security.
Additionally, the trend towards organic farming and sustainable agricultural
practices has gained significant momentum in the region. With increasing
concerns about environmental sustainability and the harmful effects of
synthetic fertilizers and pesticides, consumers are actively seeking organic
produce. This shift in consumer preferences has led to substantial growth in
the organic farming sector, further driving the demand for organic fertilizers
in the Asia-Pacific region. Supportive government policies and subsidies for
organic farming have played a pivotal role in promoting the adoption of organic
practices and boosting the organic fertilizer market. These policies provide
financial incentives and technical assistance to farmers, making organic
farming more economically viable and attractive. With its favorable
agricultural landscape, growing consumer demand for organic products, and
supportive government initiatives, the Asia-Pacific region continues to
dominate the organic fertilizer market, solidifying its position as a key
player in the global organic agriculture industry.
Major companies operating in Global Organic
Fertilizer Market are:
- Rizobacter Argentina S.A.
- Lallemand Inc.
- National Fertilizers Limited
- Madras Fertilizers Limited
- T Stanes & Company Limited
- Gujarat State Fertilizers &
Chemicals Ltd
- String Bio Private Limited
- Rashtriya Chemicals & Fertilizers
Ltd
- Agrinos Inc.
- Protan AG
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“The future of the global organic fertilizer market
bears promises with potential for significant growth. This can be attributed to
the escalating awareness about sustainable agriculture and the detrimental
effects of chemical fertilisers on soil health, water quality, and
biodiversity. Farmers around the world are now gravitating towards organic
farming techniques, increasing the demand for organic fertilizers. These
bio-based fertilizers not only replenish the soil's nutrient content, but also
foster beneficial soil organisms, promoting a healthy, vibrant ecosystem that
contributes to increased crop productivity over time. Government initiatives,
in various regions globally, are further catalyzing this shift towards organic
farming. These initiatives, which often involve subsidies, training, and
support, are encouraging more farmers to adopt organic methods. These factors
indicate a positive trajectory for the organic fertilizer market, positioning
it as a key player in the movement towards sustainable agriculture. The rise in
demand for organic produce among consumers is just the tip of the iceberg; the
real change is happening at the grass roots, as farmers seek to cultivate their
crops in a manner that is healthy for both the consumer and the planet.,” said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“Organic Fertilizer Market - Global Industry Size,
Share, Trends, Opportunity, and Forecast, 2018-2028
Segmented By Source (Plant, Animal, and Others), By Crop
Type (Fruits & Vegetables, Cereals, and Others), By Form (Dry and Liquid), By Region and Competition”, has evaluated
the future growth potential of Global Organic Fertilizer Market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Organic Fertilizer Market.
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