The use of animal waste products as organic fertilizers continues to remain lucrative in the Europe organic fertilizer market

The animal based organic fertilizers segment in the North America organic fertilizer market is projected to gain 170 BPS over the forecast period. The animal based organic fertilizers segment is inclined towards high growth-high value over the forecast period in the North America organic fertilizer market and this segment is expected to expand at a CAGR of 7.4% over the forecast period. The plant based organic fertilizers segment in the Latin America organic fertilizer market is projected to lose 30 BPS over the forecast period. Animal based organic fertilizers are likely to create 1.6x incremental opportunity as compared to plant based organic fertilizers in the Europe organic fertilizer market. In APAC, the plant based organic fertilizers segment is projected to expand at a CAGR of 8.5% to reach a market valuation in excess of US$ 1,500 Mn by the end of 2025.

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Animal based organic fertilizers will continue to dominate the global market through 2025

Among sources, animal sources like blood meal, bone meal, fish meal and chicken litter are estimated to account for a large market share of more than 50% and be valued at more than 3,300 Mn by the end of 2017. This segment is expected to remain a dominant segment throughout the forecast period, expanding at a CAGR of 7.1% over the period of assessment. The plant source segment is estimated to account for more than 40% market share by 2017 end but is expected to lose 10 BPS in the overall market share by the end of the forecast period. The common sources of plant based organic fertilizers are peat, cotton seed meal, alfalfa meal, etc. These fertilizers are lower in nitrogen content and hence, they need to be applied in larger amounts as compared to animal based organic fertilizers. The plant based organic fertilizers segment is expected to witness significant growth post 2020. This is due to pollution of ground water and overgrowth of algae caused due to animal based organic fertilizers.

Government initiatives and subsidies promoting the use of organic fertilizers drive the growth of the animal and plant source segment over the forecast period

With the utilization of chemical composts and pesticides, there has been a significant reduction in the quality of soil around the world. To meet the rising demand for sustainable methods of agriculture, governments across the globe are supporting farmers to convert their lands into organic. However, there are some challenges here such as certification prices, premium prices of organic substitutes and less production. Hence the governments of both highly developed and developing economies have shaped various strong government projects and strategies like targeted subsidies, market investments, capacity expansion and research support for organic agriculture. Such government initiatives and subsidies promoting the use of plant and animal based fertilizers are fueling the growth of these two segments.

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In the recent years, there has been a growing awareness about health and environmental issues. The demand for organic food has grown robustly, especially in the U.S. and EU in the last decade. Consumers are becoming more aware of the quality and safety of the food they eat. People are concerned about the negative effects of pesticides, fertilizers, and drugs on their health. Organic agriculture is a viable solution to all these concerns. There has been a change in customer attitude and purchasing behavior over the past few years. To meet the growing demand for organic products, a large amount of organic fertilizers derived from plant and animal sources is required. This particular factor is creating a positive impact on the animal and plant source segment.

Environmental benefits in animal and plant source segments are more than conventional fertilizers. The use of animal and plant based fertilizers have numerous benefits such as enhancing soil structure and conserving water by preventing the flow of harmful fertilizers and pesticides into water that promotes the growth of algae (eutrophication). Moreover, the chemicals used in conventional farming are also harmful for human consumption. Increasing use of synthetic fertilizers and pesticides results in environmental deterioration and several heath related issues. The growing use of animal and plant based organic fertilizers promotes the growth of earthworms and also helps in other microbiological activities that are essential for plant growth.

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