Press release
Organic Fertilizer Market Size to Worth Around USD 18.63 Billion by 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 witnessing high growth due to rising consumer awareness regarding the environmental impacts of chemical fertilizers. Growing preference for organic food has increased the demand for organic farming inputs including organic fertilizers. Furthermore, availability of fertile land and fresh water resources is declining globally. Organic fertilizers help conserve these natural resources and ensure long term sustainability of agriculture. The market is also supported by various governmental initiatives and programs encouraging adoption of organic practices among farmers. For instance, government subsidies for certified organic farmers in several countries.
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Increased Demand for Organic Food Products is Driving the Organic Fertilizer Market
With the increasing health consciousness among consumers, the demand for organic and natural food products has increased significantly in the past few years. As organic food products are cultivated without the use of synthetic fertilizers and pesticides, there is a huge demand for organic fertilizers in organic farming. The growing organic food market is encouraging more farmers to shift to organic farming practices and adopt organic fertilizers. According to recent studies, the organic food market is expected to grow at a CAGR of over 10% during the forecast period, thus indicating robust growth in demand for organic fertilizers.
Increased Investment in R&D of Biofertilizers Presents Lucrative Opportunities
To address the land availability concerns and make organic fertilizers more effective, companies are increasingly investing in research and development of biofertilizers. Biofertilizers are prepared using microorganisms that have the ability to convert nutritionally important elements from unusable form to usable form through biological process. They enrich the nutrient quality of the soil as well as boost crop productivity. With continuous innovations, the application and effectiveness of biofertilizers in organic farming is improving at a rapid pace. The emerging opportunities in the R&D of advanced biofertilizers will likely drive the future growth of the overall organic fertilizer market.
Rising Organic Farming Practices in Developing Markets Will Shape Future Market Trends
Currently, developed regions like North America and Western Europe dominate the organic fertilizer market. However, ongoing sustainable agricultural practices and government initiatives in developing countries of Asia Pacific and Latin America are increasing the adoption of organic farming methods. For example, countries like India and Brazil are promoting organic exports through relevant policies and certification programs. As the middle-class population expands in these markets, the demand for chemical-free food will surge tremendously in the coming years. The shifting farming trends towards organic practices in developing nations will reshape the global market trends going forward.
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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:
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 are 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)
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The report offers insights on the following topics:
Chapter 1: Study Coverage
Chapter 2: Executive Summary
Chapter 3: Competitor Landscape of the Organic Fertilizer Market by Players
Chapter 4: Market Size of the Organic Fertilizer Market 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: Analysis of Value Chain and Sales Channels, including notable product developments
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology/Research Approach
Ultimately, the Organic Fertilizer Market report serves as a reliable source for acquiring market research to significantly enhance your business. It furnishes essential insights into regional economic conditions, product pricing, profitability, capacity, production, supply, demand, market growth rate, and forecasts. Additionally, the report includes a SWOT analysis, investment feasibility analysis, and return on investment analysis for new projects within the Organic Fertilizer industry.
Should the aforementioned report not meet your precise requirements, we offer customized research tailored to comprehensively address your specific business needs. Our customized research will encompass all the pertinent business information necessary to assist you in making strategic and profitable business decisions.
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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