Press release
Seaweed Fertilizers Market by Size, Share, Forecasts, & Trends Analysis
[Redding, California - Feb 15, 2024] - Meticulous Research®, a prominent global market research company, has recently released a comprehensive research 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.'Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5577
In the latest publication, Meticulous Research® forecasts the seaweed fertilizers market to achieve a remarkable milestone, reaching $29.6 million by the year 2030, at an impressive CAGR of 10.4% during the forecast period of 2023-2030. The report identifies key drivers propelling this growth, including the escalating demand for organic farming and organic food, governmental initiatives promoting the use of natural fertilizers, rising concerns about environmental safety, and the burgeoning cultivation of seaweed. However, the market is not without challenges, as the high cost in comparison to synthetic fertilizers is expected to temper growth to some extent. Nevertheless, the surge in awareness surrounding seaweed fertilizers presents promising opportunities for stakeholders in this burgeoning market.
The global seaweed fertilizers market is meticulously segmented based on form (powder and liquid), application mode (foliar spray and others), crop type (field crops, horticultural crops, and others), end-use (agriculture, household garden, and others), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The comprehensive study also evaluates industry competitors and conducts a thorough analysis of regional and country-level markets.
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Breaking down the market further, the form segment distinguishes between powder and liquid seaweed fertilizers, with powder seaweed fertilizers projected to dominate the market in 2023. The prevalence of powder form is attributed to its extended shelf life, cost-effectiveness, easy storage, and high efficiency, surpassing liquid seaweed fertilizers. Additionally, the powder form allows for versatile application, either worked into the soil for a gradual release or mixed with water for immediate absorption.
The application mode segment, predominantly led by foliar spray, is anticipated to command a substantial market share in 2023. Technological advancements in spraying equipment and the increasing need for uniform nutrient distribution are pivotal factors contributing to the dominance of this segment. Foliar spray ensures even nutrient distribution to all parts of the plant, resulting in healthier and more productive plants. Consumer preference for foliar spray is on the rise due to its direct application onto leaves, bypassing the root system and providing instantaneous nourishment.
Segmented by crop type, horticultural crops are expected to register the highest CAGR during the forecast period, driven by consumer preferences for organic fruits and vegetables and the expanding cultivation of organic horticultural crops.
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In terms of end-use, the agriculture segment is anticipated to hold the largest share in 2023, owing to the increasing organic farming area, the myriad benefits of seaweed fertilizers in crop production, and a growing awareness of organic fertilizers.
Geographically, North America is poised to lead the seaweed fertilizers market in 2023, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America's prominent position is attributed to the presence of major seaweed fertilizer manufacturers, a rising consumer preference for organic and natural food products, expanding areas under organic cultivation, a growing demand for biofertilizers, and the increasing adoption of innovative agricultural technologies.
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Key Players:
The global seaweed fertilizers market boasts key players at the forefront of industry innovation, 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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