Press release
Organic Fertilizer Market Current Scenario and Future Prospects 2024 - 2031 | Yara International ASA, PT Pupuk Kalimantan Timur
Organic Fertilizer Market
The organic fertilizer market is estimated to be valued at USD 12.31 Bn in 2024 and is expected to reach USD 18.63 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.1% from 2024 to 2031.
Market Dynamics:
The organic fertilizer market is expected to witness significant growth over the forecast period owing to rising focus on sustainable agricultural practices among farmers. Organic fertilizers help replenish soil nutrients in an eco-friendly manner and eliminate the use of chemicals. Additionally, growing health concerns regarding effects of long-term use of synthetic fertilizers is also driving the demand for organic options. changes in consumers' preference toward organic food has compelled farmers to adopt organic farming techniques which involves the use of organic fertilizers. Further, support from various government organizations in the form of subsidies and initiatives to promote organic agriculture are aiding the market expansion.
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High Cost of Production
While organic fertilizers offer numerous benefits over chemical variants, their production involves additional labor and time requirements. Manufacturing organic fertilizers like compost and vermicompost requires collection of raw materials, preprocessing, fermentation, and curing stages which make the process relatively costlier than producing synthetic fertilizers. Further, availability of good quality inputs and proper technical know-how also adds to the production expenses. This high cost of production compared to affordable and readily available chemical fertilizers acts as a major restraint for widespread adoption of organic fertilizers.
Organic Fertilizer Market: Opportunity
Rise in Organic Food Consumption
Changing consumer preferences towards naturally grown foods free from chemical residues have boosted demand for organic food products globally. Major countries across regions are reporting double digit growth in organic food sales annually. In order to cater to rising requirements from organic food sector, the need for high quality organic inputs particularly fertilizers is also increasing substantially. This growing demand-supply gap in organic food industry can be efficaciously met by organic fertilizer producers, offering opportunity for business expansion.
Organic Fertilizer Market: Trends
Innovation in Fertilizer Production Technology
To enhance yields through organic farming practices and make production cost effective, companies are innovating novel technologies for organic fertilizer production. Some of the ongoing trends include mechanization of composting process using machines for shredding, turning and aeration, development of effective process management systems, use of artificial intelligence for precision farming and input application, bio-priming and seed treatment techniques. These emerging technologies and processes are aimed at optimizing raw material utilization, reducing production cycles, improving quality and increasing fertilizer output. Such innovations will support the overall growth of organic fertilizer industry.
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Top Companies Featured in This Report:
★ Yara International ASA
★ PT Pupuk Kalimantan Timur
★ BASF SE
★ FMC Corporation
★ Lallemand Inc.
★ T Stanes & Company Limited
★ Madras Fertilizers Limited
★ Cropmate Fertilizers Sdn Bhd
★ Midwestern BioAg
★ Biostar Renewables LLC
★ NatureSafe
★ Biolchim Spa
★ Rizobacter Argentina S.A.
★ National Fertilizers Limited
★ Gujarat State Fertilizers & Chemicals Ltd.
★ String Bio
★ Rashtriya Chemicals & Fertilizers Ltd
★ Agrinos
★ Biomax Naturals
★ Symborg (Corteva Agriscience)
Market Segmentation:
By Product Type:
★ By Source: Plant Origin and Animal Origin
★ By Form: Solid and Liquid
By Applications:
★ By Application: Cereal and Crops, Fruits and Vegetable, and Lawns and Turfs
Key Regions/Countries Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
Key Insights from the Global Organic Fertilizer Market Analysis:
Market Size Evaluation: Assessing the value and sales volume of the Organic Fertilizer market spanning from 2024 to 2031.
Market Trends and Dynamics: Analyzing the drivers, opportunities, challenges, and risks influencing the Organic Fertilizer market.
Macro-economic and Regional Impacts: Exploring how global inflation and geopolitical events affect the Organic Fertilizer market.
Segment Analysis: Examining the market value and sales volume of Organic Fertilizer by type and application from 2024 to 2031.
Regional Market Overview: Assessing the current situations and future prospects of the Organic Fertilizer market in different regions.
Country-level Studies: Providing insights into revenue and sales volume for major countries within each region.
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.
In summary, whether you're engaged in manufacturing, distribution, or investment within the Organic Fertilizer sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.
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Author Bio:
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.
(LinkedIn: https://www.linkedin.com/in/alice-mutum-3b247b137 )
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