The global organic fertilizers market size is expected to advance at a CAGR of 12.1% during 2022–2030, to reach $14,622 million by 2030.
The growth is mainly attributed to the rising acreage and escalating number of organically farmed areas; growing demand for organic food and beverages; increasing consumers’ concern about the usage of unsafe chemicals and artificial ingredients in farming and agriculture; and favorable government policies and initiatives toward organic farming.
Moreover, due to the increasing deterioration of soil quality, surging popularity of organic agriculture, and several stakeholders in the industry, such as farmers, landowners, and policymakers, are more focused on this farming method.
Countries such as the U.S., Germany, and France continue to generate strong demand for these products, with the per capita spending compounding at a significant rate. This growth has a considerable value potential for not only localized organic stakeholders but also for companies in APAC and Latin American (LATAM) countries that are involved in the organic food supply chain globally.
For instance, as per the Organic Trade Association, almost 82% of U.S. people buy organic products regularly. Furthermore, five states where organic growth is fastest, such as Rhode Island, Wyoming, North Dakota, South Dakota, and Wisconsin, Association said that organic accounts for 5% of total food sales, amounting to $40 billion in annual spending.
The expansion of the retail organic food and beverage sector in North America is a key driving factor of this market growth. As per the data released by the International Federation of Organic Agriculture Movement (IFOAM), the demand for organic food products was primarily concentrated in North America, along with this the demand for such products are increasing in the region; this is because of organic food benefits among buyers and the high per capita income. The sales of these products is expected to further boost in the upcoming years, which will lure the stakeholders and players operating in the market.
In addition, the growth is rising due to the surging awareness among growers regarding the environmental advantages of the usage of organic fertilizers, more than 17% of certified farms are increased in the U.S.
Organic products are prepared without any usage of hazardous chemicals, and nowadays consumers are more eager to know, what type of processes are followed by the farmers to produce the crops & grains, and other foods; such factors are driving the growth of the market. Many studies show that health factors significantly impact the consumers' organic food buying decision, which is mainly influenced by their health & fitness consciousness.
Additionally, advanced distribution channels and increasing income levels among customers are also expected to be driving factors in the market.
Some of the major players operating in the global organic fertilizers market are The Scotts Miracle-Gro Company, Israel Chemical Limited, Coromandel International Limited, Sustane Natural Fertilizer Inc., Nature Safe, Italpollina S.p.a, True Organic Products Inc., Midwestern BioAg, Multiplex Group of Companies, Perfect Blend LLC, Aryan Crop Protection Pvt. Ltd. and Pruthvi Khhetiwadi Kendra.