BANGALORE, India | 11th August 2020: Growing information about synthetic fertilisers adverse effects is one of the primary reasons driving the Organic Fertilizer Market size. Synthetic fertilizers are generated mainly from chemicals and non-renewable sources that harm the environment, such as polluting soil and affects the soil quality.
The global Organic Fertilizer market size is projected to reach USD 13.8 Billion by 2026, from USD 6.9 Billion in 2019, at a CAGR of 10.4% during 2021-2026.
This study focuses on the volume and value of Organic Fertilizers at the global, regional, and corporate levels. From a global perspective, this study reflects the overall size of the Organic Fertilizer industry by evaluating historical data and predictions for the future. This study focuses on many main regions in the region: North America, Europe, Japan, China, Southeast Asia, India, and so on.
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TRENDS INFLUENCING THE ORGANIC FERTILIZER MARKET SIZE
It is expected that increased implementation of environmental policies to minimize the use of non-biodegradable goods would, in turn, fuel the growth of organic fertilizer market size during the forecast period.
The growing trend of using liquid organic fertilizers is expected to accelerate market growth over the forecast period, as they are less labor-intensive and are also easy to use.
Changing farming practices, increasing investment in R&D and growing concern about food security due to rising populations are expected to boost the organic fertilizer market size. Changing farmers’ and consumers’ attitudes towards eco-friendly goods is also expected to increase the organic fertilizer market.
Furthermore, the agriculture sector, coupled with growing penetration of multiple players trying to capture the market and rising investment by current players in expanding established industry sectors, is also expected to increase the Organic Fertilizer Market over the projected timespan.
Lack of awareness about the benefits of organic fertilizer hinders business development. Farmers continue to use synthetic fertilizers across developing and underdeveloped areas, as they are cheap and readily available on the market. Thus, it is expected that the lack of understanding of the benefits would hamper the growth of Organic Fertilizer Market size.
ORGANIC FERTILIZER MARKET SHARE
In 2016, the largest revenue contributor was the animal-based supply for organic fertilizer. The animal-based organic fertilizers act as an optimal supply of nitrogen content and offer other essential nutrients provided by the crops. Additionally, these fertilizers increase the soil’s ability to retain water.
Based on the region, the Asia Pacific is projected to witness the highest CAGR during the forecast period. This rapid growth of the region is attributed to the increase in per capita income and the growing demand for organic food.
North America and Europe are projected to lead the global organic fertilizer market. The demand is projected to expand robustly in North America and Europe due to favorable climatic conditions and ample land for farming. Furthermore, strict government policies and regulations are further expected to drive Europe’s organic fertilizer market size.
TOP COMPANIES IN THE ORGANIC FERTILIZER MARKET
The growing market for organic food goods is expected to generate a desperate need for large-scale production of organic fertilizers, which, in effect, would provide a vast array of opportunities for stakeholders. Sensing the rising demand for organic fertilizers, industry goliaths have changed their attention to expanding their organic fertilizer supply to capitalize on raising unmet customer demand.
- Bio Nature Technology PTE
- Multiplex Group
- Walt’s Organic Fertilizer
- Biostar Organics
- California Organic Fertilizers
- National Fertilizers
- Biofosfatos do Brasil
- Scotts Miracle-Gro
- Midwestern Bioag
- Sustane Natural Fertilizer
- Perfect Blend
- Krishak Bharati
- Tata Chemicals
- Nature Safe
- Agrocare Canada
ORGANIC FERTILIZER MARKET SEGMENTATION
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables.
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- Plant Sourced Organic Fertilizer Market Report
This study focuses on the amount and value of plant-sourced organic fertilizers at the national, regional, and business levels. From a global viewpoint, this study reflects the total market size of Plant-Based Organic Fertilizer by examining historical evidence and expectations for the future. This study focuses on many main regions in the region: North America, Europe, Japan, China, Southeast Asia, India, and so on.
- Liquid Organic Fertilizer Market Report
Liquid fertilizers provide higher uniformity than granular fertilizers, offering more clear coating to the crops so that all plants receive the same nutrients regardless of the place. This advantage is expected to increase the Liquid Organic Fertilizer Market size.
This study focuses on the liquid organic fertilizer volume and value at the national, regional, and business levels. From a global viewpoint, this study reflects the total market size of Liquid Organic Fertilizer by evaluating historical evidence and forecasts for the future. This study focuses on many main regions in the region: North America, Europe, Japan, China, Southeast Asia, India, and so on.
- Biological Organic Fertilizer Market Report
The enhanced organic farming activity is one of the main reasons behind the growth of Biological Organic Fertilizers Market size. Furthermore, the emphasis on sustainable farming and funding from the government is also expected to augment the market growth.
- Europe Organic Fertilizer Market Report
Europe Organic Fertilizer Market was valued at USD 2,451 Million in 2016, and is projected to reach USD 3,260 Million by 2023, registering a CAGR of 4.2% from 2017 to 2023.
Government funding, coupled with an increased understanding of the use of organic fertilizers, is driving Europe’s organic fertilizer market. Additionally, the introduction of tight restrictions on synthetic fertilizers is fuelling the Organic Fertilizer demand.
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