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Organic Fertilizers Market Future Growth Prospect and Trends to 2023 by Top Key Players Biostar Renewables, California Organic Fertilizers, Italpollina, ILSA, Perfect Blend, Sustane Natural Fertilizer, Agrocare Canada and Nature Safe
Organic Fertilizers
Increasing consumer awareness pertaining to harmful effects of synthetic & chemical fertilizers, pesticides and drugs will provide positive outlook for industry size. Growing consumer base for non-synthetic food, beverages, personal care and pharmaceutical products has enhanced the organic fertilizers demand. Rising awareness about health & safety particularly in urban population will support industry growth.
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Shifting preference for biological farming among farmers due to higher demand for chemical-free food products will drive organic fertilizers market growth. Moreover, environmental benefits and reduced soil degradation are among key properties driving product adoption. Inclination towards sustainable farming practices due to its large number of benefits will propel industry size. Technological advancements and product innovation to improve fertility has further encouraged product demand.
Government and non-profit organization’s initiatives to promote and support natural based farming practices will propel the organic fertilizers market growth. Moreover, government subsidies and financial aid promoting product usage particularly in North America will drive product penetration. Environmental policies to minimize non-biodegradable raw material consumption and reduce health hazards caused due to chemical agricultural inputs will support business growth.
Increasing product usage to enhance microbiological activities, plant growth and growth of earthworms will drive organic fertilizers market. Improved soil structure and efficient water conservation through prevention of flow of harmful chemical agricultural inputs will propel the industry growth. However, lower nutrient content, plant growth and efficiency as compared to chemical alternatives may hamper business growth.
Organic fertilizers market is segmented based on source into mineral, plant, and animal. Animal based products will observe significant growth in the forecast period. Reliable source of phosphorous, nitrogen, calcium and potassium, strengthening the root health and plant growth are among key properties driving organic fertilizers market growth. Increasing awareness about nutritional benefits along with abundant availability have enhanced the product demand. However, overgrowth of algae along with pollution of ground water caused due to animal based products may hamper product scope.
On the basis of form the industry share is segregated as dry and liquid. Liquid form has gained significant popularity in recent years due to its high durability and efficiency. High absorbability to soil ensuring effective nutrient supply and enhancing crop growth are among major factors driving the industry demand. Uniformity in application is another factor boosting product demand. However, convenience in making desired blends in the proper ratio will provide positive outlook for dry organic fertilizers.
Based on crop organic fertilizers market is bifurcated as oilseeds & pulses, fruits & vegetables and cereals & grains. Technological advancement along with development in refrigerated transport facilities and cold chains has stimulated the fruits & vegetables industry growth. Rapid growth in natural cereals & grains demand enhancing necessity for biological farming in limited arable land will drive the product demand.
North America holds significant share in the global organic fertilizers market due to increasing consumer preference for chemical-free food products. Increasing R&D investments for sustainable farming practices will support industry growth. Presence of major accreditation associations particularly in the U.S including USDA will propel product demand.
Europe organic fertilizers market will witness notable gains in forecast timeframe. Regulatory support coupled with government promotions and subsidies are among key factor driving regional demand. Increasing awareness pertaining to environmental effects of synthetic agricultural inputs coupled with increasing consumer preference for natural based products will propel business growth. Growing adoption of sustainable farming practices particularly in Spain, France, Germany, and Italy owing to increasing health, safety and environmental concerns will drive industry demand.
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Global organic fertilizers market share is fragmented due to presence of large number of international as well as regional manufacturers. Biostar Renewables, California Organic Fertilizers, Italpollina, ILSA, Perfect Blend, Sustane Natural Fertilizer, Agrocare Canada and Nature Safe are among major industry players. Collaborations with government institutes to enhance awareness and gain bulk orders are among key strategies adopted by the industry players to enhance their foothold. Product portfolio expansion with varying nutrient value and production capacity expansion are another growth strategies adopted by manufacturers.
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