Organic Fertilizers Market Size is Projected to Surpass USD 18.06 billion, at a noteworthy CAGR of 9.32% from 2023 to 2029

Exactitude Consultancy Market Research analyses that the Organic Fertilizers Market will witness a CAGR of 9.32% for the forecast period of 2023-2029 and is likely USD 8.81 billion in 2022 to reach at USD 18.06 billion by 2029.

Research report on the Organic Fertilizers market allows buyers to deliver unique solutions to various end users and improve their business presence in the industry. The report is introduced with accurate statistics regarding market share, size, and growth rate for the buyers to focus on their operations and achieve various goals smoothly. Numerous driving factors, restraints, opportunities, and threats affecting the Organic Fertilizers market growth is described in the study for the strategy planners to plan policies pertaining to production volume, delivery of services, making connections, and creating awareness in the minds of consumers.

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Market Dynamics

Key Organic Fertilizers Market Driver

One of the key factors driving the organic fertilizers market growth is the increasing demand for food due to population growth. 

One of the main factors that is significantly contributing to the global organic fertilizers market growth is the rapid growth in the population. The increase in population fuels the demand for food which, in turn, will increase the demand for organic fertilizers. Due to the increase in urbanization, there is a significant decrease in cultivable land. 

As a result, there is an increase in dependence on environmentally sustainable products such as organic fertilizer due to the rise in food shortage and growing demand for grains, vegetables, pulses, and other agricultural yields. Furthermore, as per the United Nations Department of Economics and Social Affairs, the population in 2022 was 8 billion and it is expected to rise to 8.5 billion by 2029. Hence, such factors are expected to increase the global organic fertilizers market growth during the forecast period.

Key Organic Fertilizers Market Trends

A key factor shaping the global organic fertilizers market growth is the easy recyclability and compostable nature of organic fertilizers. 

There is an increased preference for organic fertilizers when compared to chemical fertilizers across industries as they are biodegradable. The main reason for their increasing adoption is that they are environmentally friendly and sustainable in nature even after their prolonged use.

Another main advantage of using organic fertilizers is that it enhances the nutrient quality of the soil as it gets easily decomposed with the release of carbon dioxide, methane, and water. Some of the key benefits of organic fertilizers include sustainability, elimination of toxic residues from the soil and enhancement of cultivation practices, and prevention of environmental hazards such as eutrophication and agricultural runoff. 

Key Organic Fertilizers Market Challenge

The availability of substitutes is one of the key challenges hindering the global organic fertilizers market growth. 

There is an increasing availability of substitutes such as chemical fertilizers, synthetic fertilizers, pesticides, and other agrochemicals in the market which can negatively impact the global organic fertilizers market growth. Also, the farmers are forced to use synthetic and artificial fertilizers to enhance crop yield as there is a reduction in cultivable land due to rapid urbanization and construction activities.

Prominent Key players of the Organic Fertilizers Market survey report:

Historical data available in the report elaborates on the development of the Organic Fertilizers on national, regional and international levels. Market Research Report presents a detailed analysis based on the thorough research of the overall market, particularly on questions that border on the market size, growth scenario, potential opportunities, operation landscape, trend analysis, and competitive analysis. Some Key Competitors of the Market are - Tata Chemicals Limited, Sustane Natural Fertilizer, Inc., The Scotts Miracle-Gro Company, Qld Organics, Coromandel International Limited, National Fertilizers Limited, California Organic Fertilizers, Inc., Nature Safe, FertPro Manufacturing Pty Ltd. and Others.

Key Developments

On January 31, 2023, Sumitomo Chemical, a global chemical company, announced its decision to acquire FBSciences Holdings, Inc., a leading U.S.-based company specializing in biostimulants and naturally-derived agricultural materials. This strategic move reflects Sumitomo Chemical's commitment to expansion of its presence in the growing biostimulants market and furthering its sustainable agricultural solutions. The acquisition is expected to enhance Sumitomo Chemical's product portfolio and strengthen its position in providing innovative and eco-friendly solutions to farmers worldwide.

On September 01, 2021, Yara Suomi Oy, a global leader in crop nutrition solutions, announced the acquisition of Ecolan Oy, a Finland-based producer of recycled fertilizers. This marks Yara's entry into the organic fertilizer segment, further expanding its offerings in sustainable agriculture. The acquisition aligns with Yara's commitment to making food production more efficient and sustainable by providing innovative solutions and digital tools to enhance nutrient management practices for all farming methods, including organic farming.

In 2023, WRMS, a leading agritech company, launched SecuFarm Vermicompost, a climate-smart agrochemical. This innovative organic fertilizer and soil conditioner is enriched with essential plant nutrients and humus, contributing to improved soil structure and enhanced root development. SecuFarm Vermicompost also enhances water retention and aeration in the soil, promoting healthier plant growth and sustainable farming practices.

Organic Fertilizers Market Segmentation:

Organic Fertilizers Market By Source, 2020-2029, (USD Billion) (Kilotons)

Plant

Animal

Mineral

Organic Fertilizers Market By Form, 2020-2029, (USD Billion) (Kilotons)

Dry

Liquid

Organic Fertilizers Market By Crop Type, 2020-2029, (USD Billion) (Kilotons)

Cereals & Grains

Oilseeds & Pulses

Fruits & Vegetables

The regional outlook by revenue covers the countries namely:

North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

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Key Features of the Fuel Cell Market Report: -

⇨  Analyse competitive developments such as expansions, deployments, new product launches, and market acquisitions.

⇨ Examine the market opportunities for stakeholders by identifying higher growth sections.

⇨ To study and analyse the global Organic Fertilizers industry status and forecast including key regions.

⇨  An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.

⇨  It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter's Five Forces analysis to provide a deeper understanding of the market.

⇨  It helps you make strategic business decisions and investment plans.

Competitive Landscape

Competition has been growing for the Organic Fertilizers industry as the supply and demand has been on an increasing trend sine past decade. This report gives a detailed analysis of the presence of various small, medium and micro enterprises in the industry of numerous scales, their relative sizes, product offerings, and market positions in the pre and post pandemic situations. Additionally, the report provides an overview of the competitor strategy with regards to business and corporate office and functions have been provided. The report also mentions about the operations, technology infrastructure, marketing strategies and financial capabilities. Thus, the report gives a very good understanding of the market to the shareholders and stakeholders from an overall perspective.

Highlight the Following Key Factors:

► Business Description: a particular description of agency operations and enterprise departments.

► Company Strategy: The analyst's precis of the company's commercial enterprise strategy.

► SWOT Analysis: Detailed evaluation of the company's strengths, weaknesses, opportunities, and threats.

► Company History: The development of predominant occasions associated to the company.

► Main merchandise and services: A listing of the company's fundamental products, services, and brands.

► Main Competitors: A listing of the company's fundamental competitors.

► Important places and subsidiaries: The company's major places and subsidiaries' listing and contact information.

► Detailed economic ratios of the previous 5 years: The trendy monetary ratios come from the annual economic statements issued by means of agencies with a record of 5 years.

Table of Contents

Global Organic Fertilizers Market Research Report 2023-2029

1 Organic Fertilizers Market Overview

1.1 Product Overview and Scope of Organic Fertilizers

1.2 Organic Fertilizers Segment by Type (Product Category)

1.3 Global Organic Fertilizers market Segment by Application

1.4 Global Organic Fertilizers Market by Region (2023-2029)

1.4.1 Global Organic Fertilizers Market Size (Value) and CAGR (%) Comparison by Region (2023-2029)

1.4.2 North America Status and Prospect (2023-2029)

1.4.3 Europe Status and Prospect (2023-2029)

1.4.4 China Status and Prospect (2023-2029)

1.4.5 Japan Status and Prospect (2023-2029)

1.4.6 Southeast Asia Status and Prospect (2023-2029)

1.4.7 India Status and Prospect (2023-2029)

1.5 Global Market Size (Value) of Organic Fertilizers (2023-2029)

1.5.1 Global Organic Fertilizers Revenue Status and Outlook (2023-2029)

1.5.2 Global Organic Fertilizers Capacity, Production Status and Outlook (2023-2029)

…

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