Press release
Organic Fertilizer Market Poised for 6.1% CAGR Growth, Projected to Reach USD 18.63 Bn by 2031
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 witnessing high growth due to increasing adoption of organic farming practices worldwide. Organic farming avoids the use of synthetic fertilizers and other agrochemicals. According to research, the global area of organic agricultural land has grown steadily over the past few years and reached 73.8 million hectares in 2018. Moreover, the market is also driven by growing consumer awareness about toxic effects of chemical fertilizers and preference for chemical-free food products. This is encouraging farmers to shift towards organic fertilizers to meet the rising demand for organic food. Also, government support through favorable policies and subsidies for organic farming adoption is fueling the demand for organic fertilizers in many countries.
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Organic Fertilizer Market Opportunity
Increasing Organic Farmland
Many governments are offering incentives and subsidies to farmers to switch to organic farming. This is aimed at promoting sustainable agriculture as well as export of organic food crops. As more acreage comes under organic cultivation, it will drive significant opportunity for organic fertilizer producers to cater to the rising demand. Several companies can gain first mover advantage by strategically expanding their production capacity and distribution network in regions with rapidly growing organic farmland.
Organic Fertilizer Market Trends
Rising Popularity of Liquid/Powder Formulations
Besides traditional granular/solid formulations, organic fertilizers are increasingly being produced and marketed in convenient liquid and powder forms. Liquid and water-soluble formulations provide faster nutrient delivery to plants and are more preferred by commercial farmers. Powdered variants have higher portability and require less storage space. The trend towards innovative formulations is expected to continue as companies launch customized products tailored for different crop types and farming needs.
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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)
The report offers insights on the following aspects:
Chapter 1: Study Coverage
Chapter 2: Executive Summary
Chapter 3: Analysis of Organic Fertilizer Market Competition Landscape by Players
Chapter 4: Assessment of Organic Fertilizer Market Size by Type and Application
Chapter 5: Global and Regional Analysis
Chapter 6: Company Profiles, recent developments, and investments
Chapter 7: Analysis of Market Opportunities, Challenges, Risks, and Influencing Factors
Chapter 8: Evaluation of Value Chain and Sales Channels, including breakthrough product developments
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology/Research Approach
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:
Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.
(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)
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