Press release
Organic Fertilizers Market Size To Exceed USD 18.63 Bn by 2031 | Yara International ASA, PT Pupuk Kalimantan Timur
Organic Fertilizers 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:
Organic farming has been gaining popularity, as consumers have been increasingly concerned about health hazards of chemical fertilizers and pesticides. With rising preference for organic food, demand for organic fertilizers is expected to surge significantly. Further, growing environmental consciousness has also prompted farmers to opt for eco-friendly organic fertilizers over synthetic varieties.
Additionally, availability of subsidized organic fertilizers in developing nations is another factor encouraging their uptake. For instance, the Indian government provides subsidies up to 25-50% on city compost, Vermi compost and other organic fertilizers. This makes organic alternatives comparatively affordable for Indian farmers.
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Organic Fertilizer Market Drivers
Increasing Consumer Preference for Organic Food Options Drives the Demand for Organic Fertilizers
With growing health consciousness among consumers globally, the demand for organic and chemical-free food products has seen a significant rise over the past few years. Organic foods are considered safer and more nutritious than conventionally grown foods as they are free from pesticides, herbicides, and other agrochemicals. Many consumers are willing to pay a premium for organic food items to ensure food safety for their families. The rising sales of organic food have motivated farmers to shift from conventional to organic farming, thereby propelling the demand for organic fertilizers that aid in proper soil nourishment and plant growth without the use of synthetic inputs.
Organic Fertilizer Market Opportunity
Rising Popularity of Urban Organic Farming Opens New Avenues
With growing urbanization and lack of agricultural land in cities, urban organic farming has gained much prominence in the recent past. People living in apartments and homes with adequate outdoor space are taking up organic vegetable and herb gardening as a hobby as well as for self-consumption. The trend is driven by increasing health awareness, rise of community gardening, and efforts towards sustainable local food production. Urban organic farms offer ample opportunities for organic fertilizer producers to cater offerings specifically designed for small-batch use in patches, containers, and rooftop gardens. Technological advancements are further improving the efficiency and effectiveness of organic inputs for urban agriculture settings. This emerging space presents lucrative opportunities for market players in the coming years.
Organic Fertilizer Market Trend
Introduction of Innovative Product Variants to Suit Diverse Cropping Systems
Leading fertilizer manufacturers are investing heavily in R&D activities to introduce customized and innovative variants of organic fertilizers tailored to the requirements of different crop types and cultivating conditions. For instance, powdered, liquid and water-soluble organic fertilizers are gaining popularity among farmers for their ease of application. Similarly, organic fertilizers enriched with various macro and micronutrients in balanced proportions are finding wide acceptance. Products offering multifunctional benefits like pest control, soil conditioning and plant growth stimulation are also in high demand. Such diversified and value-added product portfolios help address the specific nutrient needs of a wide array of crops more efficiently. This trend is expected to continue as agritech progresses.
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Top Companies Included 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:
Based on Product Type:
★ By Source: Plant Origin and Animal Origin
★ By Form: Solid and Liquid
Based on 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)
Latest Trends in the Navigation Organic Fertilizer Market:
💡 Surging Demand: Witness a rising demand for navigation Organic Fertilizer owing to the escalating usage of GPS-enabled devices and the imperative for precise, up-to-date mapping data.
💡 Innovations in Technology: Witness the emergence of novel technologies aimed at enhancing the precision and dependability of navigation Organic Fertilizer, encompassing real-time traffic updates, 3D mapping, and augmented reality.
💡 Tailored Solutions for Diverse Industries: Companies are tailoring navigation Organic Fertilizer solutions to cater to the distinct requirements of various sectors such as automotive, aviation, and maritime.
💡 Fusion with Emerging Technologies: Observe the integration of navigation Organic Fertilizer with cutting-edge technologies like artificial intelligence and the Internet of Things, facilitating the provision of advanced functionalities.
💡 Rise of Mobile Applications: Experience the proliferation of navigation Organic Fertilizer in the form of mobile applications, offering enhanced convenience and accessibility to users.
💡 Emphasis on Environmental Sustainability: Witness the development of navigation Organic Fertilizer systems that consider environmental factors such as traffic congestion and air quality, fostering the provision of sustainable transportation alternatives.
Frequently Asked Questions (FAQs) for Global Navigation Organic Fertilizer Market Research:
What are the critical factors that companies should prioritize when entering the Navigation Organic Fertilizer market?
What is the growth rate of the Navigation Organic Fertilizer Market?
What is the current size of the Navigation Organic Fertilizer Market?
Which region demonstrates the highest growth rate in the Navigation Organic Fertilizer Market?
Which region commands the largest share in the Navigation Organic Fertilizer Market?
Who are the key players operating in the Navigation Organic Fertilizer Market?
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Author Bio:
Vaagisha brings over three years of expertise as a content editor in the market research domain. Originally a creative writer, she discovered her passion for editing, combining her flair for writing with a meticulous eye for detail. Her ability to craft and refine compelling content makes her an invaluable asset in delivering polished and engaging write-ups.
(LinkedIn: https://www.linkedin.com/in/vaagisha-singh-8080b91)
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