(Food-Beverage-News.Com, February 24, 2021 ) According to this latest publication from Meticulous Research®, the organic fertilizers market is expected to record a CAGR of 11.5% from 2020 to 2027 to reach $15.9 billion by 2027. Also, in terms of volume, the organic fertilizers market is expected to register a CAGR of 6.6% from 2020 to 2027 to reach 33,829.2 KT by 2027. The growth of this market will be driven by factors such as the increasing demand for organic food and the rising awareness regarding environmental safety. Moreover, the abundant availability of organic waste and advances in organic fertilizer manufacturing processes further support the growth of this market. However, the high demand for inorganic (synthetic) fertilizers and challenges for new entrants and small companies hinder the growth of this market marginally.
The organic fertilizers market study presents historical market data in terms of value and volume (2018 and 2019), estimated current data (2020), and forecasts for 2027. The market is segmented based on source, form, application, crop type, and geography. The study also evaluates industry competitors and analyzes the market at the country level.
Based on source, the organic fertilizers market is mainly segmented into animal-based and plant-based organic fertilizers. The animal-based organic fertilizers segment held the largest share of the organic fertilizers market in 2019. The segment is expected to record the highest CAGR during the forecast period, owing to its high nutritional value, quick action and response, low quantity requirements, and easy and abundant availability of animal waste. Animal-based organic fertilizers are further segmented into blood meal, manure, bone meal, and other by-products. The blood meal segment is estimated to dominate the market for animal-based organic fertilizers in 2020 as it has a >14% content of nitrogen and micronutrients, such as zinc, copper, and boron.
Based on form, the organic fertilizers market is mainly segmented into dry and liquid organic fertilizers. The dry segment is estimated to command the largest share of the organic fertilizers market in 2020. However, the liquid segment is expected to witness rapid growth during the forecast period, mainly attributed to its high efficiency, uniformity of application, high absorbability, and easy & cost-effective application. Moreover, high adoption in water-stressed areas further supports the growth of this segment.
Based on application, the organic fertilizers market is mainly segmented into broadcasting, fertigation, foliar application, and others. The broadcasting segment is estimated to command the largest share of the organic fertilizers market in 2020. However, the fertigation segment is expected to witness significant growth, mainly due to the rising implementation of modern irrigation systems; advantages of the fertigation method, such as easy and safe application, maximum absorbability with minimum wastage of fertilizers, high efficiency; and its high adoption in organic orchard applications.
Based on crop type, the organic fertilizers market is mainly segmented into cereals & grains, fruits & vegetables, oilseeds & pulses, turf & ornaments, and other crops. The cereals & grains segment is estimated to command the largest share of the organic fertilizers market in 2020 due to the increasing demand for organic cereals and grains and huge areas under organic cereal and grain cultivation.
Check complete table of contents with a list of table and figures:
2. Research Methodology 2.1. Research Process 2.2. Data Collection & Validation 2.2.1. Secondary Research 2.2.2. Primary Research 2.3. Market Assessment 2.3.1. Market Size Estimation 188.8.131.52. Bottom-Up Approach 184.108.40.206. Top-Down Approach 220.127.116.11. Growth forecast 2.4. Assumptions for the Study 2.5. Limitations for the Study
4. Market insights 4.1. Introduction 4.2. Drivers 4.2.1. Increasing Demand for Organic Food 4.2.2. Increasing Awareness About the Environmental Safety with the Use of Organic Fertilizers 4.2.3. Advances in Organic Fertilizers Manufacturing Process 4.2.4. Huge Organic Waste Availability 4.3. Restraints 4.3.1. High Demand for Inorganic (Synthetic) Fertilizers 4.3.2. Challenges to New Entrants and Small Companies 4.4. Challenges 4.4.1. Unfavourable Cost & Nutritional Dynamics 4.5. Opportunities 4.5.1. Emerging Economies: Asia Pacific and Latin America Contineu…
This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S. and Canada), Europe (Spain, Italy, France, Germany, and RoE), Asia-Pacific (Australia, China, India, Japan, and RoAPAC), Latin America (Argentina, Uruguay, Brazil, Mexico, and RoLATAM) and the Middle East & Africa. Asia-Pacific is estimated to command the largest share of the organic fertilizers market in 2020, followed by Europe and Latin America. However, North America is expected to register the highest CAGR during the forecast period mainly due to the vast growth of the organics sector due to increasing health awareness among the consumers; growing population and rising demand for organic products; continuously growing areas under organic cultivation, and government support and other organizations’ and associations’ initiatives to promote organic agriculture and allied sectors across the region.
The major players operating in the organic fertilizers market are Italpollina S.p.A. (Italy), Multiplex Group (India), Coromandel International Limited (India), Midwestern BioAg (U.S.), Perfect Blend, LLC (U.S.), ILSA S.p.A. (Italy), California Organic Fertilizers, Inc. (U.S.), Biolchim S.p.A. (Italy), Qld Organics (Australia), FertPro Manufacturing Pty Ltd. (Australia), National Fertilizers Limited (India), SPIC Ltd (India), Fertoz Ltd. (Australia), ScottsMiracle-Gro Company (U.S.), Suståne Natural Fertilizer, Inc. (Australia), and Fertikal NV (Belgium), among others.
Key Questions Answered in the Report-
Which are the high-growth market segments in terms of source, form, application, crop type, and region/country? What was the historical market size for organic fertilizers globally? What are the market forecasts and estimates for the period 2020-2027? What are the major drivers, restraints, opportunities, and challenges in the global organic fertilizers market? Who are the major players in the global organic fertilizers market? How is the competitive landscape, and who are the market leaders in the global organic fertilizers market? What are the recent developments in the global organic fertilizers market? What are the different strategies adopted by the major players in the global organic fertilizers market? What are the geographical trends and high-growth regions/countries? Who are the local emerging players in the global organic fertilizers market, and how do they compete with the global players?