Organic Fertilizers Market Worth 4,606.7 Million USD By 2023

Meticulous Research® – leading global market research company published a research report titled “Organic Fertilizers Market by Source (Animal, Plant, Mineral), Form (Dry, Liquid), Application (Broadcasting, Fertigation, Foliar Application), Crop Type (Cereals and Grains, Fruits and Vegetables), and Geography – Global Forecast to 2023”.

According to this latest publication from Meticulous Research®, the global organic fertilizers market is expected to grow at a CAGR of 9.1% from 2018 to reach USD 4,606.7 million by 2023. The growth of this market will be driven by factors such as rising demand for organic food and increasing awareness about the environmental safety with the use of organic fertilizers. Moreover, huge organic waste availability and advances in organic fertilizers manufacturing process further supports the growth of this market. However, high demand for inorganic (synthetic) fertilizers and challenges to new entrants and small companies hinders the growth of this market to some extent.

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The global organic fertilizers market study presents historical market data in terms of values (2016 and 2017), estimated current data (2018), and forecasts for 2023-by source (animal, plant, mineral), form (dry, liquid), application (broadcasting, fertigation, foliar application), and crop type (cereals and grains, fruits and vegetables). The study also evaluates industry competitors and analyzes the market at a regional and country level.

On the basis of source, owing to factors such as high nutrition value, quick action and response, low quantity requirement, and easy and huge availability of animal waste, animal-based organic fertilizers market commanded the largest share of global organic fertilizers market in 2017; this market is also expected to grow at the fastest CAGR during the forecast period.

On the basis of form, dry organic fertilizers market commanded the largest share of the global organic fertilizers market in 2017. The large share of this market is mainly due to its higher adoption in the lawn and gardens, long lasting effects, high efficiency in all climatic condition, and huge and easy availability of the raw materials; however, liquid organic fertilizers market is expected to witness a rapid growth during the forecast period. The growth of this market is mainly attributed to its high efficiency, uniformity in application, high absorbability, and easy & cost-effective application. Moreover, higher adoption in water stress area further supports the growth of this market.

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On the basis of application, organic fertilizers market for broadcasting application commanded the largest share of the global market in 2017 as this method is inexpensive, efficient, and easy. Moreover, rising adoption of advanced broadcasting equipment or machineries further supports the growth of this market. However, the use of organic fertilizers by fertigation method is expected to witness a significant growth, mainly due to rising implementation of modern irrigation systems; its advantages such as easy and safe application, maximum absorbability with minimum wastage of fertilizers, and greater efficiency; and rising adoption in the organic orchard production.

On the basis of crop type, organic fertilizers market for cereals and grains crop commanded the largest share of the global market in 2017 due to increasing demand for organic cereals and grains and huge area under organic cereals and grains cultivation. However, the use of organic fertilizers for fruits and vegetables is expected to witness a significant growth in the next few years.

This research report analyzes major geographies and provides comprehensive analysis of North America (U.S., Canada, and Mexico), Europe (Spain, Italy, France, Germany, and RoE), Asia-Pacific (Australia, China, India, Japan, and RoAPAC), Latin America (Argentina, Uruguay, Brazil, and RoLATAM), and Middle East & Africa. Asia Pacific commanded the largest share of the global organic fertilizers market in 2017, followed by Europe and Latin America. The major share of this region is mainly attributed to huge area under the organic cultivation especially in Australia, increasing health awareness, rapid population and income growth, increasing mechanization and irrigation facilities, and huge number of organic operators. Moreover, government policies and various initiatives for the promotion and expansion of organic industry further support the growth of organic fertilizers market in the region. However, the North American region is expected to witness significant demand for organic fertilizers in the next few years, mainly due to vast growth of organic sector because of increasing health awareness among the consumers; growing population and rising demand for organic products; and continuously rising area under the organic cultivation.

The major players operating in the global organic fertilizers market are Italpollina S.p.A. (Italy), Tata Chemicals Ltd. (India), Multiplex Group (India), Coromandel International Limited (India), Midwestern BioAg (U.S.), Perfect Blend, LLC (U.S.), ILSA S.p.A. (Italy), ScottsMiracle-Gro Company (U.S.), National Fertilizers Limited (India), SPIC Ltd (India), Sigma AgriScience, LLC (U.S.), AG Global (Canada), California Organic Fertilizers, Inc. (U.S.), Biolchim S.p.A. (Italy), and Camson Bio Technologies Limited (India) among others.

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About Meticulous Research®

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