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Organic Fertilizer Market to Grow with a CAGR of 11.32% through 2028 | TechSci Research

02-06-2024 01:25 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: TechSci Research Pvt Ltd

Organic Fertilizer Market to Grow with a CAGR of 11.32% through

"Growing trend of urban gardening & farming and rising demand for organic food products is expected to drive the Global Organic Fertilizer Market growth in the forecast period, 2024-2028."

According to TechSci Research report, "Organic Fertilizer Market - Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028", the Global Organic Fertilizer Market stood at USD 4.59 Billion in 2022 and is anticipated to grow with a CAGR of 11.32% in the forecast period, 2024-2028. The global market for organic fertilizers is driven by several key factors which includes the increasing demand for organic food, driven by the health-conscious consumer, propels the need for organic fertilizers in sustainable farming practices.

Additionally, governmental policies and support for organic farming also stimulate the market. The environmental impact of synthetic fertilizers further strengthens the case for organic alternatives, as they reduce water contamination and enhance soil health. The rising awareness of sustainable farming in emerging economies offers a tremendous growth opportunity for the organic fertilizer market.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Global Organic Fertilizer Market"

The Global Organic Fertilizer Market encompasses the thriving worldwide industry focused on the production and sale of organic fertilizers. These fertilizers, derived from natural sources and processes, are gaining popularity as eco-friendly and sustainable alternatives to synthetic fertilizers. They offer numerous advantages, including improved soil health, reduced environmental impacts, and enhanced crop yields. Within this expansive market, a wide range of organic fertilizers can be found, such as green manure, bone meal, compost, and animal wastes. Each type of organic fertilizer brings unique benefits and can be utilized based on specific soil and crop requirements.

The global demand for organic fertilizers is steadily growing due to increasing awareness of the significance of sustainable agriculture practices. Farmers and consumers alike are recognizing the detrimental effects of synthetic fertilizers on soil health, water quality, and biodiversity. As a result, there is a noticeable shift towards adopting organic fertilizers, which not only promote long-term soil fertility but also help reduce chemical inputs and support environmentally friendly farming practices. With the global organic farming movement gaining momentum, the Global Organic Fertilizer Market is expected to continue its upward trajectory. As consumers become more conscious of the food they consume and its impact on the environment, the demand for organic fertilizers is likely to rise further.

Organic fertilizers, derived from natural sources such as animal manure, compost, or plant materials, provide essential nutrients to plants while also improving soil structure and microbial activity. These fertilizers are free from synthetic chemicals and are considered safe for the environment, minimizing the risk of water pollution and soil degradation.

The use of organic fertilizers promotes sustainable agricultural practices by reducing reliance on synthetic inputs, conserving natural resources, and fostering biodiversity. By improving soil health and fertility, organic fertilizers contribute to long-term agricultural sustainability and help mitigate the negative environmental impacts associated with conventional farming methods.

This growing demand for organic fertilizers presents new opportunities for manufacturers, suppliers, and farmers to meet the increasing market demand and contribute to sustainable agricultural practices worldwide. By embracing organic fertilizers, stakeholders in the agriculture industry can actively support the transition towards a more environmentally friendly and sustainable food production system. In addition to the growing demand for organic fertilizers, several factors are driving the expansion of the Global Organic Fertilizer Market. Government initiatives promoting sustainable agriculture, subsidies for organic farming practices, and the rising popularity of organic food products all contribute to market growth. Furthermore, advancements in technology and research are leading to the development of innovative organic fertilizers with enhanced nutrient content and improved efficiency.

The Global Organic Fertilizer Market is segmented into source, crop type, form, regional distribution, and company.

Based on form, in the global organic fertilizer market, dry fertilizers are currently leading in terms of market share. Dry organic fertilizers, such as compost, manure, and bone meal, are highly preferred by farmers and gardeners alike. This is due to their exceptional attributes, including ease of storage, extended shelf life, and effortless application methods. With the ability to be easily spread over large areas and seamlessly incorporated into the soil during preparation, dry organic fertilizers offer unparalleled convenience. Additionally, their slow-release nature ensures a steady supply of essential nutrients to plants over an extended period. This gradual nutrient release effectively reduces the necessity for frequent application, further optimizing plant growth and minimizing resource consumption.

Based on region, the organic fertilizer market is predominantly governed by the Asia-Pacific region due to several factors. There is a strong agrarian culture in countries like India, China, and Indonesia, where agriculture plays a vital role in the economy. This leads to a high demand for fertilizers to maximize crop yields and ensure food security. Additionally, the trend towards organic farming and sustainable agricultural practices has gained significant momentum in the region. With increasing concerns about environmental sustainability and the harmful effects of synthetic fertilizers and pesticides, consumers are actively seeking organic produce.

This shift in consumer preferences has led to substantial growth in the organic farming sector, further driving the demand for organic fertilizers in the Asia-Pacific region. Supportive government policies and subsidies for organic farming have played a pivotal role in promoting the adoption of organic practices and boosting the organic fertilizer market. These policies provide financial incentives and technical assistance to farmers, making organic farming more economically viable and attractive. With its favorable agricultural landscape, growing consumer demand for organic products, and supportive government initiatives, the Asia-Pacific region continues to dominate the organic fertilizer market, solidifying its position as a key player in the global organic agriculture industry.

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Major companies operating in Global Organic Fertilizer Market are:

• Rizobacter Argentina S.A.
• Lallemand Inc.
• National Fertilizers Limited
• Madras Fertilizers Limited
• T Stanes & Company Limited
• Gujarat State Fertilizers & Chemicals Ltd
• String Bio Private Limited
• Rashtriya Chemicals & Fertilizers Ltd
• Agrinos Inc.
• Protan AG

"The future of the global organic fertilizer market bears promises with potential for significant growth. This can be attributed to the escalating awareness about sustainable agriculture and the detrimental effects of chemical fertilisers on soil health, water quality, and biodiversity. Farmers around the world are now gravitating towards organic farming techniques, increasing the demand for organic fertilizers. These bio-based fertilizers not only replenish the soil's nutrient content, but also foster beneficial soil organisms, promoting a healthy, vibrant ecosystem that contributes to increased crop productivity over time.

Government initiatives, in various regions globally, are further catalyzing this shift towards organic farming. These initiatives, which often involve subsidies, training, and support, are encouraging more farmers to adopt organic methods. These factors indicate a positive trajectory for the organic fertilizer market, positioning it as a key player in the movement towards sustainable agriculture. The rise in demand for organic produce among consumers is just the tip of the iceberg; the real change is happening at the grass roots, as farmers seek to cultivate their crops in a manner that is healthy for both the consumer and the planet.," said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

"Organic Fertilizer Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Source (Plant, Animal, and Others), By Crop Type (Fruits & Vegetables, Cereals, and Others), By Form (Dry and Liquid), By Region and Competition", has evaluated the future growth potential of Global Organic Fertilizer Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Organic Fertilizer Market.

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Table of Contents

1. Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations

2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validations
2.7. Assumptions and Limitations

3. Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Organic Fertilizer Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Source (Plant, Animal, and Others)
5.2.2. By Crop Type (Fruits & Vegetables, Cereals, and Others)
5.2.3. By Form (Dry and Liquid)
5.2.4. By Region
5.2.5. By Company (2022)
5.3. Market Map ….Continue…

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TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research's core values are value, integrity, and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci's client leads rather than follow market trends. Not bound by legacy, TechSci's cutting-edge research model leverages its decades of research knowledge and an increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.

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