Organic Fertilizer Market In-Depth Analysis | Emerging Trends and Forecast 2022-28

According to Precision Business Insights (PBI) latest report the organic fertilizer market size is expected to be worth USD 10,213.4 million in 2021, growing at a 12.6% CAGR from 2022 to 2028. In the upcoming years, it is anticipated that the global market for organic fertilizer would be driven by rising consumer demand and acceptance of environmentally friendly agricultural products. For their Agri-commodities, farmers are increasingly looking for reliable, advantageous, and natural alternatives. Additionally, the market for organic fertilizers is expanding favorably due to growing environmental concerns about sustainability, carbon footprints, and emission intensities.

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Cereals & Grains Segmant Dominate The Organic Fertilizer Market:
Cereals & Grains segment accounted for a significant market share during forecast period. Cereals & Grains segment is expected to grow drastically due increased production of cereals due to their widespread consumption as a staple food and the large profit margins associated with growing organic cereals are expected to increase cereal growers' usage of organic fertilisers. Additionally, farmers are increasingly focusing on the production of high-value products like organic fruit and vegetables, which is anticipated to increase demand for organic fertilisers. It is projected that the long-term usage of organic fertilizers for the development of fruits and vegetables would expand as they are more cost-effective, environmentally friendly, and effective than chemical fertilisers.

Asia pacific leads Organic Fertilizers Market:
In the Asia pacific, the organic fertilizers market holds the market share in 2021 and the market expected to grow at significant CAGR during the forecast period as the area is raising under organic agriculture cultivation due to its high profitability and significant export potential is expected to improve overall sales of organic fertilisers within the region. Farmers prefer organic fertilisers for crop protection due to their eco-friendliness and different supportive government policies, which are expected to drive market expansion in Asia Pacific.

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Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
Organic fertilizer market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long-term alliance to improve market revenue share and gaining significant geographic presence across the region. In September 2022 Govt to launch PM-PRANAM scheme soon to reduce chemical fertiliser use in India. In April 2020, Earthrenew Develops New Organic Fertilizer Formulation with Higher Npk In Collaboration With Ccm Technologies And Launches New Website.

Key players profiles in the organic fertilizer market report are Coromandel International, Madras Fertilizers Limited, Gujarat State Fertilizers, Simbhaoli Sugars Inc., Eastern Organic Fertilizer Pvt. Limited, Prabhat Agri, Mangalore Chemicals and Fertilizers Limited, Amruth Groups, Chaitanya Agrochemicals, NM India Biotech, Krishna Argo Bio Products.

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This release was published on openPR.