Organic Fertilizers Market New Highs - Current Trends and Growth Drivers Along with Key Industry Players

The market across Asia-Pacific, followed by North America, dominated the market with major share in 2020, accounting for nearly three-fifths of the global organic fertilizers market. The same province is also expected to witness the fastest CAGR of 6.1% from 2021 to 2030. This is because the region is largely dependent on agriculture.

Allied Market Research published a new report, titled, "Organic Fertilizers Market by Source (Plant, Animal, and Mineral), Crop Type (Cereal & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others), Form (Dry and Liquid), and Nutrient Content (Presence of Organic Substance up to 60%, Presence of Organic Substance from 40% to 60%, and Presence of Organic Substance from 20% to 40%): Global Opportunity Analysis and Industry Forecast, 2021-2030. " The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

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Rise in awareness of harmful effects caused by chemical fertilizers to both human and environment drives the growth of the global organic fertilizers market. On the other hand, several adverse climatic conditions restrain the growth to some extent. However, rise in demand for organic food, especially from Europe and North America that are importing food from Asia-Pacific is projected to create lucrative opportunities for the market growth.

This makes it important to understand the practical implications of the organic fertilizers market. To gain a competitive advantage, the players must have something unique. By tapping into the untapped market segment, they can establish a relevant point of differentiation, and this report offers an extension analysis of untapped segments to benefit the market players and new entrants to gain the market share.

According to the report, the global organic fertilizers industry was estimated at $8.3 billion in 2020, and is anticipated to hit $15.9 billion by 2030, registering a CAGR of 5.9% from 2021 to 2030.

KEY MARKET PLAYERS:

The report provides the SWOT analysis of the key market players including ALPHA BIOGREEN SDN BHD, BACONCO CO., LTD., BIO-FLORA (SINGAPORE) PTE LTD., CROPAGRO.COM, CROPMATE FERTILIZERS SDN BHD, PT. JADI MAS, PT PUPUK KALIMANTAN TIMUR AND SUBSIDIARIES, PT. TRIDHARMA TATA PERKASA, SONGGIANH CORPORATION. which gives the business overview, financial analysis, and portfolio analysis of products and services. The latest news related to industry developments in terms of market expansions, acquisitions, growth strategies, joint ventures, collaborations, product launches, market expansions etc. are included in the report for the better understanding of the stakeholders in framing strategic decisions to gain long term profitability and market share.

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Based on source, the plant segment dominated with the largest share in 2020, holding more than half of the global organic fertilizers market, as they break down quicker than other organic elements. The mineral segment, however, is expected to cite the fastest CAGR of 6.2% throughout the forecast period, due to increased acceptance and use organic fertilizers.

NEED FOR THE REPORT:

The current situation of pandemic makes it very important for the stakeholders in the organic fertilizers market to understand the market deeply, which will help them in taking sound decisions, to gain the competitive advantage. By exploring the unexplored areas of market, the key players can surely gain a larger market share.

Based on crop type, the cereal & grains segment held the highest market share in terms of revenue, accounting for more than half of the global organic fertilizers market, as they can be cultivated easily and provide high yield. Simultaneously, the fruits & vegetables segment is estimated to exhibit the fastest CAGR of 6.3% during the forecast period. This is because the demand for fruits and vegetables is large and increasing constantly.

KEY OFFERINGS OF THE REPORT:

Key drivers & Opportunities: An extensive analysis on key factors and opportunities available in different segments for strategizing.

Current trends & forecasts: A comprehensive analysis on latest trends, and forecasts for next few years to frame strategic decisions as a next step.

Segmental analysis: An extensive analysis of each segment and driving factors such as revenue and growth rate is offered.

Regional Analysis: A thorough analysis of each geographic region can help market players devise expansion strategies and gain from the opportunity.

Competitive Landscape: Useful insights on each of the leading market players for outlining competitive scenario and related strategies have been offered in the report.

Obtain Report Details: https://www.alliedmarketresearch.com/organic-fertilizers-market-A14536

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