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Green Manure Market Growth, Demand, Key Drivers: Forecast To 2033
Green Manure Market Growth
As per the report, the green manure market size has grown strongly in recent years. It will grow from $2.17 billion in 2023 to $2.33 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The green manure market size is expected to see strong growth in the next few years. It will grow to $3.07 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%.
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Surging Demand For Organic Foods Fuels Green Manure Market Growth
The increase in demand for organic food products is significantly contributing to the growth of the green manure market. Organic food products help in preventing dangerous diseases like heart disease, blood pressure problems, and other diseases. Organic food products are foods that are grown solely using organic farming methods. Green manure helps in increasing the organic content in the soil, prevents soil erosion, and inhibits the growth of weeds. These factors provide a healthy environment for organic food products to grow. For instance, according to a report by the Federal Ministry of Agriculture, a cabinet-level ministry of the Federal Republic of Germany, 38% of respondents said they would buy organic products frequently (33%) or exclusively (5%) in 2021. Moving forward, as many as 47% of respondents expect to buy organic food frequently (41%) or exclusively (6%) in the future. Hence, increasing demand for organic food products is significantly contributing to the growth of the green manure market.
Embracing Green Manure For Sustainable Agriculture Reshapes Market Practices
Green manure in sustainable agriculture is a key trend in the green manure market. Major players in the industry are adopting green manure for sustainable agricultural practices. Green manure is used to improve soil health, reduce environmental pollution, reduce the use of chemical fertilizers, and for other benefits. Sustainable agriculture is a kind of farming that prioritizes growing long-term crops and livestock while causing the least amount of environmental damage possible. For instance, in October 2021, Nurture.farm, an India-based sustainable agriculture solutions provider, launched an initiative to stop stubble burning. The stubble is sprayed with a bio enzyme which turns it into manure in 20-25 days. Bio enzymes are created organically by fermenting fruits, vegetables, sugar, and water.
The green manure market covered in this report is segmented -
1) By Type: Leguminous, Non Leguminous
2) By Source: Dhaincha, Sesbania, Sunhemp, Other Sources
3) By Application: Grains And Cereals, Pulses And Oilseeds, Fruits And Vegetables, Other Applications
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Major companies operating in the green manure market report are Bio Greens, BioStar Organics LLC, Agrocart, California Organic Fertilizers Inc., Fertikal N.V., Krishak Bharati Cooperative Limited, Midwestern Bio AG, Biofa GmbH, Symborg SL, Fertiberia S.A., Lallemand Inc., Legume Technology Ltd., Rizobacter Argentina S.A., XiteBio Technologies Inc., BioAtlantis Ltd., Bioiberica S.A.U., BioWorks Inc., Camson Bio Technologies Limited, GreenMax AgroTech, Novozymes A/S, Krishidoot Bio Herbal PVT. LTD., Qingdao Hibong Fertilizer Co. Ltd., Green Cover, Soil First Inc., The Royal Barenbrug Group, Grassland Oregon Inc., Kings Agriseeds Inc., Byron Seeds LLC, Prairie Creek Seed, Seedway LLC.,
Contents of the report:
1. Executive Summary
2. Green Manure Market Report Structure
3. Green Manure Market Trends And Strategies
4. Green Manure Market - Macro Economic Scenario
5. Green Manure Market Size And Growth
…..
27. Green Manure Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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