Press release
Seaweed Fertilizers Market by Size, Share, Forecasts, & Trends Analysis
[Redding, California - Jan 30, 2024]- Meticulous Research®, a renowned name in global market research, has recently released an in-depth report titled 'Seaweed Fertilizers Market by Form (Powder Seaweed Fertilizer, Liquid Seaweed Fertilizer), Application Mode (Foliar Spray), Crop Type (Field Crops, Horticultural Crops), End Use (Agriculture, Household Garden), and Geography - Global Forecast to 2030.' This meticulously crafted study provides valuable insights into the trends, challenges, and growth prospects of the seaweed fertilizers market.Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5577
According to Meticulous Research®, the seaweed fertilizers market is poised to achieve a significant milestone, projecting a market value of $29.6 million by 2030. The compound annual growth rate (CAGR) is anticipated to be 10.4% during the forecast period from 2023 to 2030. This growth is attributed to several factors, including the escalating demand for organic farming and organic food, governmental initiatives promoting the use of natural fertilizers, rising concerns for environmental safety, and the expanding cultivation of seaweed. However, the market may face hindrances due to the comparatively higher cost of seaweed fertilizers in comparison to synthetic alternatives. Nevertheless, increasing awareness regarding the benefits of seaweed fertilizers is expected to unlock growth opportunities for stakeholders in the market.
The global seaweed fertilizers market is strategically segmented based on form (powder and liquid), application mode (with a focus on foliar spray), crop type (including field crops and horticultural crops), end-use (encompassing agriculture and household garden), and geography (spanning North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The comprehensive study also involves an in-depth analysis of industry competitors and assesses regional and country-level markets.
In terms of form, the global seaweed fertilizers market is bifurcated into powder and liquid seaweed fertilizers. The powder segment is poised to dominate the market in 2023, accounting for a larger market share. This dominance is attributed to factors such as a longer shelf life, cost-effectiveness, ease of storage, and higher efficiency over liquid formulations. The powder form allows for easy incorporation into the soil for a gradual release effect or can be mixed with water for rapid absorption.
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The seaweed fertilizers market, when considering application modes, is segmented into foliar spray and alternative application methods. The foliar spray segment is anticipated to hold a larger market share in 2023, driven by advancements in spraying equipment and the increasing demand for uniform nutrient distribution. The preference for foliar spray has risen among consumers as it facilitates direct application onto leaves, ensuring immediate nourishment to plants bypassing the root system.
Considering crop types, the seaweed fertilizers market is categorized into field crops, horticultural crops, and other crop types. The horticultural crops segment is expected to witness the highest CAGR during the forecast period, reflecting the growing consumer preference for organic fruits and vegetables and the expansion of organic horticultural crop cultivation.
In terms of end-use, the agriculture segment is forecasted to command the largest share of the global seaweed fertilizers market in 2023. This dominance is primarily driven by the expanding area of organic farming, the myriad benefits of seaweed fertilizers in crop production, and a heightened awareness of organic fertilizer usage.
Geographically, North America is projected to secure the leading position in the seaweed fertilizers market in 2023, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America's prominence is attributed to the presence of major seaweed fertilizer manufacturers, an increasing consumer preference for organic and natural food products, a surge in areas under organic cultivation, growing demand for biofertilizers, and the widespread adoption of innovative technologies in the agricultural sector.
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Key Players:
The global seaweed fertilizers market is characterized by the presence of key players, including DOLLS EXPORTS PVT. LTD. (India), Donegal Seaweed (Ireland), FoxFarm Soil & Fertilizer Company (Canada), Kelp Products International (Pty) Ltd. (South Africa), Maxicrop USA, Inc. (U.S.), Plan "B" Organics (U.S.), QINGDAO SINTA BIOTECHNOLOGY CO., LTD (China), Seed2Plant India Pvt. Ltd. (India), TAGROW CO., LTD. (China), TECHSEALAB (France), The Espoma Company (U.S.), and Xiangcheng Jiahe Biological Technology Co., Ltd (China).
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About Meticulous Research®
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
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