Organic Fertilizers Market Growth Size Envisioned to Hit USD 24.80 Billion by 2032 with an 11.1% CAGR

 

Organic Fertilizers  Market Overview

The organic fertilizers market is gaining significant traction as more farmers and gardeners recognize the importance of sustainable and eco-friendly agricultural practices. Organic fertilizers, derived from natural sources such as plant and animal waste, provide essential nutrients to plants while improving soil health and reducing environmental impact. With a growing emphasis on organic farming and sustainable agriculture, the market for organic fertilizers is experiencing robust growth worldwide.

According to a Comprehensive Research Report by Market Research Future (MRFR), Organic Fertilizers Market Information By Source, By Crop, By Certifications, and Region - Forecast till 2030”, Organic Fertilizers Market could thrive at a rate of 12.89%between 2022 and 2030. The market size will be reaching around USD 13.78 billion  by the end of the year 2030

Organic fertilizers are natural substances derived from plant and animal waste, including compost, manure, and bone meal. These fertilizers are free from synthetic chemicals, pesticides, and genetically modified organisms (GMOs). Organic fertilizers are rich in essential nutrients like nitrogen, phosphorus, and potassium, along with trace elements that enhance soil fertility and promote healthy plant growth. They improve soil structure, increase microbial activity, and provide long-term nourishment to plants, ensuring sustainable and environmentally friendly agricultural practices.

Organic fertilizers find widespread applications in various agricultural sectors, including crop production, horticulture, and gardening. They are used to enrich soil fertility, improve nutrient availability, and enhance overall plant health. Organic fertilizers are suitable for both organic and conventional farming systems, serving as a natural alternative to synthetic fertilizers. They are commonly used in vegetable and fruit cultivation, field crops, greenhouse production, landscaping, and home gardening to promote healthy plant growth and sustainable agricultural practices.

Key Companies in the Organic Fertilizer market include

• Rallis India Ltd. (India)
• Midwestern BioAg (US)
• Coromandel International Ltd. (India)
• AgroCare Canada (Canada)
• Italpollina S.P.A. (Italy)
• The Scotts Miracle-Gro Company (US)
• Sustane Natural Fertilizer (US)
• Al Yahar Organic Fertilizers Factory (UAE)
• Emirates Bio Fertilizer Factory (UAE)
• Tadweer Food Recycling Company (Saudi Arabia)

June 2023

Tata Chemicals Ltd, a key player in the organic fertilizers market, announced a strategic partnership with a leading organic waste management company. This collaboration aims to enhance the production and distribution of high-quality organic fertilizers derived from food waste and other organic sources. By leveraging their expertise and resources, this partnership seeks to address the increasing demand for sustainable agricultural solutions and promote the circular economy through efficient waste management and organic fertilizer production.

Market Drivers:

The rising awareness and concern for environmental sustainability have fueled the demand for organic fertilizers market Outlook. Consumers, governments, and farmers are increasingly adopting sustainable agricultural practices to minimize the ecological footprint of farming activities, reduce chemical pollution, and protect soil health. The shift towards organic farming practices, driven by consumer preferences for organic food, is a significant driver for the organic fertilizers market. Organic farming emphasizes soil health, biodiversity, and sustainable production methods, which require the use of organic fertilizers to nourish plants and maintain long-term soil fertility. Governments worldwide are introducing supportive policies and regulations to promote organic farming and reduce reliance on synthetic fertilizers. Incentives, subsidies, and certification programs for organic farming practices encourage farmers to adopt organic fertilizers, thus driving the market growth.

Market Restraints:

Despite the growing popularity of organic fertilizers, there are some market restraints that need to be considered. The relatively higher cost of organic fertilizers compared to synthetic alternatives is one of the primary challenges. Organic fertilizers often require more time to release nutrients, which may lead to slower plant growth compared to synthetic options. Additionally, the availability of consistent and standardized organic fertilizers may vary across regions, posing challenges for farmers looking for reliable sources of organic nutrients.

COVID 19 Analysis

The COVID-19 pandemic had a significant impact on the organic fertilizers market. During the initial phase of the pandemic, disruptions in the global supply chain and restrictions on transportation and logistics hindered the distribution of organic fertilizers. However, as the pandemic unfolded, there was a notable shift in consumer behavior towards sustainable and healthy living practices. This increased focus on health and well-being, coupled with the growing demand for organic food, led to a surge in the adoption of organic farming practices and subsequently drove the demand for organic fertilizers. As consumers became more conscious of the environmental and health benefits of organic products, the organic fertilizers market witnessed steady growth.

Looking ahead to the post-COVID scenario, the organic fertilizers market is expected to experience continued growth. The pandemic has served as a catalyst for sustainable and organic agriculture practices, and this trend is expected to persist. Consumers are increasingly demanding organic food products, leading farmers to adopt organic farming methods that rely on organic fertilizers. Additionally, governments and regulatory bodies worldwide are supporting organic farming practices through incentives and subsidies. As a result, the organic fertilizers market is projected to witness a positive trajectory, driven by the sustained consumer demand for organic food and the commitment to sustainable agriculture practices.

Market Segmentation

By Source

The source in market include Minerals, Plants, and Animals

By Crop

The crop segment includes Oilseeds & Pulses, Cereals & Grains, and Fruits & Vegetables

By Certifications

The certification segment include 100% Organic and 95% Organic

 Regional Insights

North America holds a significant share in the organic fertilizers market. The United States and Canada have well-established organic farming sectors and a high level of consumer awareness regarding the benefits of organic products. The region's emphasis on sustainable agriculture practices and the presence of key market players contribute to the growth of the organic fertilizers market in North America.

Europe is another prominent region in the organic fertilizers market. The European Union has stringent regulations and certifications for organic farming, driving the demand for organic fertilizers. Countries like Germany, France, and the Netherlands have well-developed organic agriculture sectors, and there is a growing focus on sustainable farming practices. The increasing consumer preference for organic food products further fuels the demand for organic fertilizers in Europe.

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The Asia Pacific region is witnessing rapid growth in the organic fertilizers market. Countries like China and India have large agricultural sectors and a rising awareness of sustainable agriculture practices. The increasing population, changing dietary preferences, and government initiatives promoting organic farming contribute to the market growth. Moreover, the growing demand for organic food products in countries like Japan and South Korea further drives the demand for organic fertilizers in the Asia Pacific region.

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