The global organic fertilizer market is projected to reach a value of US$ 17037.6 Mn in 2032, with sales growing at a positive CAGR of 6.3% from 2022 to 2032. Predicted to reach an estimated US$ 9248.6 Mn in 2022, the target market is likely driven by escalating food needs all over the world which in turn pushes the demand for a boost in agricultural production.
Organic fertilizers have greatly helped consumers avail access to clean-label foods, to the extent that they are willing to pay a premium price for such products. Leading manufacturers are thus investing heavily in bolstering their research and development capabilities and dole out environmentally friendly fertilizers.
Furthermore, manure based organic fertilizers are anticipated to be the most commonly used fertilizers attributed to rising government concerns regarding livestock manure disposal.
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Organic Fertilizers Market- Competitive Landscape
Some of the key players involved in organic fertilizer production include:
- Fertikal N.V.
- CropAgro
- Bio Nature Technology PTE Ltd.
- National Fertilizers Limited
- Biofosfatos de Brasil
- BioSTAR Organics
- Kribhco
- California Organic Fertilizers
- Multiplex Group
- Italipollina SPA
- Uniflor
- Walt’s Organic Fertilizer.
These players are constantly developing sustainable and environmentally friendly products in tandem with the global sustainability concerns.
For instance, Kribhco, an Indian farmer’s co-operative, produces ten types of bacterial strains of liquid bio-fertilizers such as Azospirillum, Azotobacter, Acetobacter and Rhizobium which are eco-friendly and have supplementary roles with chemical fertilizers.
Likewise, BioSTAR Organics manufactures the SuperSix Organic Nitrogen Fertilizer, an OMRI approved, liquid-organic source of 100% plant available fertilizer. The fertilizers is also particulate-free, easy-to-use and has a high fluidity.
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Animal-derived Organic Fertilizers Shall Gain Momentum across the Forecast Period
Since the dawn of humanity, animal-derived fertilizers, or manure, have been at the forefront of soil nutrition in agriculture. This trend has sustained throughout our existence and is still acquiring major ground.
The usefulness of manure is attributed to its ability to replenish soil nutrients, improving overall soil composition and enhance water retention capacity. Manure is a rich source of organic nitrogen, which is far more effective at restoring soil nitrogen levels in comparison to commercially available chemically-derived nitrogen.
Furthermore, recycling of manure nutrients provides major energy benefits. This mostly translates into enhanced cost savings at the crop production front.
Organic fertilizers are also very rich sources of carbon which, along with nitrogen, helps microbes present in the soil avail their food supply and enables them to make nutrients available for plants through a naturally induced biochemical process.
Organic Fertilizer Market: Segmentation
By Raw Material Type
- Plant Based Fertilizers
- Molasses
- Seaweed
- Animal Based Fertilizers
- Urea
- Fish Emulsion
- Compost & Compost Tea
- Legume Cover Crops
- Soybean Meal
- Manure
- Milk
- Cottonseed Meal
- Green Manure Cover Crops
- Corn Gluten
- Bone Meal & Blood Meal
- Manure Tea
- Others
By Application
- Farming
- Gardening
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Impact of COVID-19 Pandemic on the Organic Fertilizers Market
The novel coronavirus pandemic has drastically altered manufacturing cycles across the entire globe. Implementation of strict social distancing protocols have dented production cycles as employees can no longer travel to factories for work.
This has led to a massive gap in the demand-supply equation and a shortage of raw ingredients due to logistical difficulties. This has impacted the organic fertilizer industry to a very large extent.
Fortunately, governments are leaving no stone unturned to ensure that high purity foods reach customers throughout the world by providing financial assistance, relaxation on logistical restrictions to enable raw materials supply and mandating staggering work guidelines.
As agriculture is an important source of livelihood, governments cannot afford to impose curbs on related industries, and organic fertilizers is one among them. With this constant assistance being offered, the market is experiencing a resurgence but it will take a long time for growth to be reinstated to its normal trajectory.
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