Organic fertilizer is a type of fertilizer derived from natural sources, such as plant and animal matter, that provides essential nutrients to plants in a slow-release and sustainable manner. Unlike synthetic fertilizers, organic fertilizers are made from renewable resources and promote soil health, microbial activity, and overall sustainability in agriculture. They contain a range of beneficial components, including organic matter, nitrogen, phosphorus, and potassium, along with trace elements that support plant growth and development.
The global organic fertilizer market is projected to reach a value of US$ 17037.6 Million in 2032, with sales growing at a positive CAGR of 6.3% from 2022 to 2032. Predicted to reach an estimated US$ 9248.6 Millionin 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.
In addition, a heightened awareness of the adverse effects of chemical products and the positive impact of organic fertilizers also aids the growth of the organic fertilizers market during the forecast period. Owing to the immense population growth taking place across the globe, the demand for food has also escalated.
As a result, greater agricultural production is necessary to meet the growing demand for food. Though chemical fertilizers have been used as a standard practice to bolster agricultural output for a long time, the adverse effect of doing so has led to a rising demand for an environment-friendly substitute. The extensive use of agrochemicals is being reconsidered owing to its negative effects on soil quality, plant physiology, animals, and people.
Experience Exponential Growth: Secure Your Sample Report and Dominate the Organic Fertilizers Market! https://www.futuremarketinsights.com/reports/sample/rep-gb-1948
Chemical fertilizers often lead to land damage and contamination of the water (soil erosion). Their large-scale usage has a harmful impact on the ecosystem as fertilizer wastes can contaminate the soil, surface, or groundwater, or can be released into the atmosphere through vitalization. Hence, a growing awareness of these adverse effects of chemical fertilizers coupled with heightened demand for food encourages the market growth of organic fertilizers.
Organic fertilizers are less damaging to life due to the fact that they decompose quickly without influencing the surface or groundwater. These fertilizers enhance oil structure, have a longer shelf life, and improve the soil’s capability to retain nutrients and water. They are increasingly preferred over other kinds of fertilizers for creating agricultural output free of harmful residues.
Organic fertilizers are non-toxic, slow-releasing fertilizers that do not leave any residues in the food. Thus, considerations like a rising desire to foster greater agricultural output, avoid harmful consequences of chemical inputs, and a wish to capitalize on the positive effects of organic fertilizers are fueling the demand for organic fertilizers.
“Growing demand for food coupled with rising concerns for the environment will stimulate the global growth of the organic fertilizer market over the forecast period,” – FMI analyst.
Key Takeaways Organic Fertilizers Market Report:
- Fluctuations in prices may hamper the organic fertilizer market growth.
- By form, the dry type organic fertilizers segment will account for a major portion of the global market share.
- Asia Pacific region will lead the global market growth during 2022-2032.
- China and India will offer several lucrative opportunities to the organic fertilizer market.
Customize Your Report: Tailor the Exclusive Insights to Your Organic Fertilizer Market Strategy! https://www.futuremarketinsights.com/customization-available/rep-gb-1948
Competitive Landscape
Hello Nature International Srl, Karnataka Agro Chemicals, Italpollina SpA., Coromandel International Limited, Midwestern BioAg, Perfect Blend, LLC, California Organic Fertilizers, Inc., Biolchim S.p.A., Queensland Organics, FertPro Manufacturing Pty Ltd., National Fertilizers Limited, Fertoz Ltd., SPIC Ltd, Scotts Miracle-Gro Company, Suståne Natural Fertilizer, Inc., and Fertikal NV among others are some of the major players in the organic fertilizer market profiled in the full version of the report.
Organic Fertilizer Market Segmentation
By Source, Organic Fertilizer Market is segmented as:
- Plant
- Animal
- Mineral
By Crop Type, Organic Fertilizer Market is segmented as:
- Cereals & grains
- Oilseed & pulses
- Fruits& vegetables
- Others
By Form, Organic Fertilizer Market is segmented as:
- Dry
- Liquid
By Region, Organic Fertilizer Market is segmented as:
- North America
- Latin America
- Europe
- South Asia Pacific
- East Asia
- Middle East & Africa
About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
LinkedIn| Twitter| Blogs
