Organic Fertilizers Market to Garner US$ 15,168.62 million, Globally, by 2028 at 10.6% CAGR: The Insight Partners

According to a new market research report "Organic Fertilizers Market Forecasts to 2027 - Covid-19 Impact & Global Analysis by Source (Plant, Animal, Mineral); Crop Type (Cereals and Grains, Oilseed and Pulses, Fruits and Vegetables, Others); Form (Dry, Liquid) and Geography" published by The Insight Partners, The organic fertilizers market was valued at US$ 6,181.99 million in 2018 and is projected to reach US$ 15,168.62 million by 2027; it is expected to grow at a CAGR of 10.6% from 2019 to 2027. Organic fertilizers are produced from natural sources such as animal matter, manure, vegetable matter, and human excreta. It is a vital element that promotes the growth of micro-organisms present in the soil. The nutritional content of the organic fertilizer depends upon its composition.

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Organic fertilizers are easy to use and are also food safe compared to synthetic fertilizers. Synthetic fertilizers can cause harm to the environment as well as to the living creatures, due to which the companies have developed organic fertilizers to reduce the damage. The increase in organic farming is one of the important factors driving the growth of the organic fertilizers market. The growing health awareness among consumers is driving the demand for organic products. As the consumers consider organic products as safe and healthy, there has been a significant increase in the organic farming across the world, which, in turnis propelling the growth of the organic fertilizers market. Moreover, risingnumber of government initiatives and subsidies to reduce environmental pollution is encouraging the farmers to opt for organic farming. Evolving agricultural practices, new technologies, high investments in research & development, and increasing health-consciousness are among the important factors that are anticipated to boost the growth of the organic fertilizers market.

The organic fertilizers market in Asia Pacific is expected to grow at the highest CAGR during the forecast period. Moreover, Asia Pacific holds the significant share of the global organic fertilizers market due to the high use of organic fertilizer in regional agriculture. China and India are among the leading countries in terms of organic fertilizer usage. China dominated the Asia Pacific organic fertilizer market in 2018 and is projected to lead the market during 2019–2027. Demand for organic food and and green foods is growing rapidly in this country, especially among the middle classe population, which is positively impacting in the market growth. According to the Chinese Report on Organic Agriculture Certification & Industry Development in 2019, Europe, Japan, and the US are the biggest markets for Chinese organic food exports. China ranked third in the certified organic area in 2017, after Australia and Argentina. Total organic sales in China ranked fourth globally, after the US, Germany, and France. All these factors are influencing the market for organic fertilizer in China.

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Market Insights

Growing Consumption of Organic Food Products

At present, people are making themselves aware of healthy ways of living. Smarter consumers prefer to eat healthily and spend on healthy foods rather than spending on medical treatments. Constant checks are made on certified organic products and the use of organic fertilizers to reduce the chances of diseases like cancer, brain damage, or infant abnormalities that can be caused due to the use of chemical fertilizers. The crops and foods grown with the application of organic fertilizers are highly nutritious and are fresh and healthy to consume compared to conventional food. The organic crops also contain a high level of minerals, vitamins, and antioxidants. They are also free from chemical fertilizers and pesticides. In order to have a balanced, safe, and healthy lifestyle, the consumers prefer consuming organic food. Due to a surge in smartphone usage, there has been tremendous access to information about the benefits of organic food. Additionally, the e-commerce platforms act as a facilitator in reaching out to the potential customers who are willing to pay for organic products. Expanding mindfulness about the medical advantage of organic food combined with the headway in organic cultivating procedures has also paved the way for the rising demand for organic fertilizers. The chemical composition of chemical fertilizers is strong and remains deposited on the outer layer of the fruits and vegetables that do not get washed away easily with water. They result in working as slow poison and later cause other harmful effects on the body. The consumers being aware of these factorsprefer buying organic fruits and vegetables, which propels the growth of the organic fertilizer market.

SourceInsights

Based on source, the organic fertilizer market is segmented intoplant, animal, and mineral. The animal segment accounted for the largest share in market in 2018, and the plant fertilizer segment is expected to register the fastest CAGR during 2019–2027. Animals, fish, and birds proffer organic fertilizers that help the plants to grow. Animal-based organic fertilizers also contain nitrogen, phosphorous, and potassium that act as the primary nutrient for the growth of plants. Supplementing the soil nutrients with animal-based organic fertilizers such as manure, bat or seabird guano, blood meal, bone meal, and fish products makes the soil suitable for the growth of fruits, vegetables, and other crops. Animal manures provide a lot of organic matter to the soil but contain a low nutrient value. However, chicken manure has high nitrogen content. Bat or seabird guano is made from the poop of bats and seabirds. They are available in pellets and powdered form, and it contains 10 to 15 percent of nitrogen content. Blood meal refers to the powdered blood of slaughtered animals. It contains about 14 percent of nitrogen content and many micronutrients. Nitrogen loving plants like lettuce prefer blood meal as a source of organic fertilizer.

Global Organic Fertilizer Market – by Source
• Plant
• Animal
• Mineral

Global Organic Fertilizer Market – by Form
• Dry
• Liquid

Global Organic Fertilizer Market – by Crop Type
• Cereals and Grains
• Oilseed and Pulses
• Fruits and Vegetables
• Others

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Key points from Table of Content:

1. Introduction

2. Key Takeaways

3. Research Methodology

4. Organic Fertilizers - Market Landscape

5. Global Organic Fertilizers Market - Key Market Dynamics

6. Organic Fertilizers - Global Market Analysis

7. Organic Fertilizers Market Analysis – By Source

8. Organic Fertilizers Market Analysis – By Crop Type

9. Organic Fertilizers Market Analysis – By Form

10. Organic Fertilizers Market - Geographic Analysis

11. Impact of COVID-19 Pandemic on Global Organic Fertilizer Market

12. Industry Landscape

13. Company Profiles

14. Appendix

LIST OF TABLES

LIST OF FIGURES

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