Press release
Global Organic Fertilizers Market Is Predicted To Reach A Valuation of Nearly US$ 10.23 Billion by the End of Forecast Period 2025
Global organic fertilizer demand was pegged at 17 million tonnes in 2016. In terms of value, the market was valued at US$ 5.57 billion. Persistence Market Research projects the market to grow at 7% CAGR through 2025 and reach US$ 10.23 billion.
According to Persistence Market Research’s analysis, demand for animal-based organic fertilizers is higher than plant-based variants. While 6.84 million tonnes of plant-origin organic fertilizers were sold in 2016, animal-origin organic fertilizer volume was pegged at 10.15 million tonnes.
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Use of organic fertilizers remains highest in the farming of cereals and crops. This application segment accounted for over 70% revenue share of the market in 2016. By volume, demand from cereals and crops was estimated at 12.53 million tonnes in 2016.
Historically, solid organic fertilizers have remained sought-after, and the trend is expected to remain unchanged during the forecast period 2017-2025. While solid organic fertilizers are projected to grow at 6.2% CAGR, liquid organic fertilizers’ growth rate is estimated to be 5.1%.
Europe & Asia Pacific Collectively Account for over 60% Revenue Share
Europe is the largest market for organic fertilizers, followed by Asia Pacific. While Europe will continue to be the largest market for organic fertilizers, it will lose 2.3% revenue share to APAC during the forecast period. North America, the third largest market for organic fertilizers, is expected to account for 21.8% revenue share of the market by 2025-end.
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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In its report, Persistence has profile key players in the organic fertilizers market, including Italpollina SpA, ILSA S.p.A, BioStar Renewables, Sustane Natural Fertilizer Inc., True Organic Products Inc., California Organic Fertilizers Inc., The Fertell Company, Purely Organics LLC, Pupuk Kaltim, and Qingdao Sonef Chemical Co., Ltd.
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