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Organic Fertilizers Market to Generate Revenue Worth $14,746.2 Million by 2030

Published Date:   June 2020

Increasing acreage and the number of organically farmed areas; growing downstream demand for organic food and beverages; and favorable government policies and initiatives toward organic farming are the key factors positively impacting the growth of the organic fertilizers market, globally. On account of these factors, the market is projected to generate revenue worth $14,746.2 million by 2030, advancing at a CAGR of 14.1% during the forecast period (2020–2030), according to the market research report published by P&S Intelligence

Cereals and Grains Are Expected to Hold the Largest Share in the Market Throughout the Forecast Period

The market demand for organic fertilizers for the production of cereals and grains held a commanding share in 2019 and is expected to witness the same trend in the near future as well. The downstream demand for organically produced products by consumers across the U.S., Canada, and western European countries, coupled with macroeconomic development in countries such as China, India, and Brazil, is expected to continue propelling the growth of the organic fertilizers market in the coming years.

The organic fertilizers market has been categorized into plant, animal, and others on the basis of source, among which animal-based organic fertilizers accounted for the largest share in 2019. Fertilizers derived from fish waste and other animal bones are high in nutritional value and, therefore, facilitate healthy growth in crops. Moreover, there is increased awareness among farmers across the world about the nutritional benefits of animal-based fertilizers and, thus, the consumption of these fertilizers continues to be high.

Solid organic fertilizers are witnessing higher demand than liquid fertilizers globally, owing to the several benefits associated with the former, including the tendency to hold nutritional content for a longer period of time. This encourages farmers to purchase these fertilizers in high volumes and stock for longer periods, thereby reducing costs through bulk purchases.

The organic fertilizers market has been categorized into plant, animal, and others on the basis of source, among which animal-based organic fertilizers accounted for the largest share in 2019. Fertilizers derived from fish waste and other animal bones are high in nutritional value and, therefore, facilitate healthy growth in crops. Moreover, there is increased awareness among farmers across the world about the nutritional benefits of animal-based fertilizers and, thus, the consumption of these fertilizers continues to be high.

Solid organic fertilizers are witnessing higher demand than liquid fertilizers globally, owing to the several benefits associated with the former, including the tendency to hold nutritional content for a longer period of time. This encourages farmers to purchase these fertilizers in high volumes and stock for longer periods, thereby reducing costs through bulk purchases.

Geographically, the organic fertilizers market is expected to demonstrate the fastest growth in the Rest of World (RoW) region during the forecast period. A considerable production of quinoa is chiefly responsible for the high-volume market demand for compound in the region. The quinoa production is primarily concentrated in the Latin American (LATAM) countries of Uruguay, Mexico, and Argentina. Thus, owing to its high production, the organic fertilizers market in the region is expected to demonstrate notable growth in the forecast period.

Supply chain disruptions in the wake of the COVID-19 outbreak have caused some hurdles for farmers for the sourcing of raw materials and the supply of products across European and Asian economies. Temporary suspension of industrial and trade activities, despite allowance to farming, has impacted logistics and supply. However, positive consumer sentiment toward the retail purchase of organic food and beverages demonstrates a long-term halo effect, which could translate into the industry growth in the future.

Partnerships and Regulatory Approvals of Products Are Aiding the Market Players to Expand Their Foothold

The organic fertilizers market is moderately to highly fragmented in nature. The market landscape is characterized by the presence of several small players and major agrochemical manufacturers with a diversified portfolio. These players are actively engaged in partnerships and seeking certifications for their products and technologies to strengthen their foothold in the organic fertilizers market.

For instance, in March 2019, Biolchim SPA announced that its six products were approved by the certification organization Forschungsinstitut für biologischen Landbau (FiBL), Germany, for application in organic farming. The FiBL-certified products included BetaB, FYLLOTON, PROTAMIN 7.14, CREMALGA, PROTAMIN GR, and PROTAMIN 7.5.14.

Browse report overview with detailed TOC on "Organic Fertilizers Market Research Report: By Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables) - Global Industry Analysis and Demand Forecast to 2030" at:https://www.psmarketresearch.com/market-analysis/organic-fertilizers-market-report

Besides, in February 2019, Coromandel International Limited and Agrinos, a U.S.-based biological crop input provider, entered into a strategic partnership. The collaboration enabled Coromandel to diversify its offerings of complete plant nutrition solutions, including specialty nutrients and organic fertilizers. As a result, Coromandel International Limited could provide growers across India with Agrinos’ proprietary High Yield Technology (HYT) biological crop inputs, sold under the brand name of ARITHRI.

Some of the major players operating in the global organic fertilizers market are The Scotts Miracle-Gro Company, Coromandel International Limited, Fertikel NV, Fertoz Limited, Italpollina S.p.a, Midwestern BioAg, Multiplex Group of Companies, Perfect Blend LLC, Walt’s Organic Fertilizer Co., Biolchim SPA, Israel Chemical Limited, AgroCare Canada Inc., Sustane Natural Fertilizer Inc., and Nature Safe.