Global Organic Fertilizers Market Will Reach USD 14,622 Million by 2030

The value of the organic fertilizers market was USD 5,864 million in 2022, and it is will advance at a CAGR of 12.1% in the years to come, to reach USD 14,622 million by 2030, as per a market research company, P&S Intelligence.

Cereals & grains held the largest share of 62.8%, and it will maintain its position in the coming years. This growth has a lot to do with, such agrochemicals are generally used in turf & ornamental plants, cereals & grains, fruits & vegetables, oilseeds & pulses, and other kinds of crops.

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Moreover, the requirement for cereals & grains is also increasing since they can be effortlessly produced and gives high yields.

The animal-based category had the largest share of 63.2% and the trend will be the same in the years to come. The necessity for animal-sourced fertilizers has grown quickly. The growing importance of animal-based fertilizers is the main factor pushing the expansion of the industry.

APAC had a significant growth in the organic fertilizers market, and will remain the same in the years to come. This growth is mostly credited to the increasing health consciousness amongst the broad cultivation land, customers, increasing population & growth of per capita income, and improved mechanization and irrigation competences.

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Recently, the land under organic farming has grown enormously across numerous regions globally, owing to numerous indirect and direct factors. The growing investments private and public players in contemporary agricultural methods and the increasing demand for organic products because of their perceived health benefits and the low chemical leaching throughout their production. These factors have also brought about in their premium pricing and higher interest amongst farmers because of greater margins.

It is due to the growing number of organic farms and increasing acreage globally, the demand for organic fertilizers will increase in the future.

Browse more reports:

Green Chemicals Industry - https://www.psmarketresearch.com/market-analysis/green-chemicals-market-outlook

Organic Food and Organic Beverages Industry - https://www.psmarketresearch.com/market-analysis/organic-food-and-organic-beverages

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P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.

This release was published on openPR.