Saudi Arabia Organic Fertilizer Market Future Prospects
The Saudi Arabian organic fertilizer market will generate an estimated revenue of USD 233.2 million in 2024, which is expected to witness a CAGR of 11.8% from 2024 to 2030 and reach USD 455.6 million by 2030. This is due to the growing number of organic farms, rising demand for organic goods, and benefits related to organic products.
Moreover, the unfavorable effects of chemical fertilizers on soil are a major factor behind the rising need for organic fertilizers. Since organic fertilizers are considered to be a safer and more environmentally friendly alternative to chemical fertilizers, this awareness will boost the demand for them.
Organic farming is becoming more popular due to its benefits, such as promoting environmentally friendly, affordable, and healthy food production as well as sustainable development.
Saudi Arabia can export organic fertilizers as it continues to diversify its economy. It is expected that this prospect will yield profitable growth for domestic manufacturers in the nation, enabling them to broaden their market reach and support the advancement of economic diversification initiatives.