Organic Fertilizer Industry to Partake Significant Development During 2024 - 2031 | Yara International ASA, PT Pupuk Kalimantan Timur

Market Overview:

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 increasing demand from the agricultural sector. The growing preference for organic farming to produce chemical-residue free food items among consumers is further fueling the demand for organic fertilizers. Additionally, supportive government initiatives and policies in various countries for promotion of organic farming is also contributing to the market growth. Furthermore, rapid expansion of the horticulture and floriculture industries has augmented the need for organic manure and fertilizers in these sectors.

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Organic Fertilizer Market Drivers

Increasing Demand for Organically Produced Food Products is Driving the Organic Fertilizer Market Growth

With the rising health awareness among consumers regarding the harmful effects of chemicals used in conventionally grown food, the demand for organic food products has increased significantly over the past few years. As organic farming prohibits the use of synthetic fertilizers and pesticides, organic fertilizers play a very important role in maintaining soil fertility and providing essential nutrients to crops. Most of the organic fertilizers are derived from natural sources like animal waste, green manure, and vegetable or plant compost which enrich the soil with nutrients. In order to meet the rising demand for chemical-free organic food, farmers are increasingly adopting organic farming practices and using more organic fertilizers. This high demand for organic food is a major factor fueling the growth of the organic fertilizer market.

Stringent Government Regulations on Use of Synthetic Fertilizers are Propelling the Adoption of Organic Fertilizers

With growing concerns about the harmful effects of chemical fertilizers on the environment as well as on human health, government agencies across the world have implemented stringent regulations regarding the application of synthetic fertilizers in agriculture. For example, the European Union has banned the use of certain synthetic pesticides and fertilizers that are hazardous to the environment and human health. In the USA as well, the regulations related to the application of synthetic fertilizers are becoming more strict over the years. Such government interventions are encouraging farmers to shift from conventional to organic farming practices. Since organic fertilizers play a crucial role in organic agriculture, the implementation of stringent norms on chemical fertilizers is positively impacting the sales of organic fertilizers.

Organic Fertilizer Market Opportunity

Rising Popularity of Vertical Farming Techniques Presents Lucrative Opportunities

Vertical farming is an advanced agriculture technique of growing crops in stacked layers or vertically. It involves growing plants in vertically stacked layers, hydroponic systems, or aeroponic facilities with controlled environments for optimal plant growth. With rapid urbanization and shortage of cultivable land, vertical farms are gaining increasing popularity as they help maximize crop production in limited space. Interestingly, organic fertilizers are highly suitable for vertical farming as they do not pollute the environment inside controlled facilities. In vertical farms, organic waste can effectively be converted into organic nutrients through composting and used. The increasing adoption of vertical farming worldwide especially in densely populated cities provides lucrative growth opportunities for organic fertilizer producers. As vertical farms require fertilizers suitable for hydroponic/aeroponic systems, they can significantly contribute to the rising demand for organic fertilizers.

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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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