Organic Fertilizers Market Advancements Highlighted by Size Forecast Between 2023-2032

Allied Market Research's latest report, "Organic Fertilizers Market by Source (Plant, Animal, and Minerals), by Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others), by Form (Dry and Liquid), and by Nutrient Content," reveals substantial growth projections for the organic fertilizers market. In 2022, the market was valued at $9.6 billion and is estimated to reach $17.5 billion by 2032, with a CAGR of 6.1% from 2023 to 2032.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/14905

Overview of Organic Fertilizers:

Organic fertilizers, derived from natural sources such as plant materials, animal waste, and minerals, are integral to sustainable agriculture. They release nutrients gradually, supporting plant growth and enhancing soil health. Organic fertilizers improve soil structure, boost microbial activity, and reduce pollution compared to synthetic alternatives. Common organic fertilizers include compost, manure, bone meal, fish emulsion, and seaweed, which help in enriching soil fertility over time, aligning with eco-friendly farming practices.

Key Growth Drivers:

- Agricultural Expansion: Increasing focus on agricultural productivity drives the demand for organic fertilizers.
- Economic Contribution: Agriculture remains a vital economic sector, boosting organic fertilizer adoption.
- Growing Demand: A surge in demand for organic food and sustainable farming creates opportunities for market growth.

Market Insights:

Animal-Based Fertilizers Lead the Market:

The animal segment, holding nearly half of the market share in 2022, is projected to retain dominance due to its high nutrient value. Meanwhile, the mineral segment is expected to exhibit the highest growth rate (CAGR of 6.5%) as mineral-based fertilizers derived from natural deposits become more popular.

Cereals & Grains Drive Demand:

The cereals & grains category, making up almost 60% of the 2022 market share, is expected to maintain its lead, driven by high global demand. The fruits and vegetables segment, however, is projected to grow the fastest, at a CAGR of 6.5%, fueled by rising consumer interest in fresh, organic produce.

Asia-Pacific Region Leads Growth:

Dominating the market with nearly 60% of revenue, the Asia-Pacific region is set to continue its lead, experiencing a CAGR of 6.3%. Factors include population growth, improved farming practices, and governmental support for sustainable agriculture.

Competitive Landscape:

Key players in the market include Tata Chemicals Limited, The Scotts Miracle-Gro Company, KRIBHCO, Hello Nature International, Sustane Natural Fertilizer Inc., True Organic Products Inc., California Organic Fertilizers Inc., BioSTAR Renewables, ILSA S.p.A, and Coromandel International Limited. These companies are leveraging strategies like new product launches, partnerships, and regional expansions to strengthen their market positions and address the growing demand for organic fertilizers.

𝐎𝐛𝐭𝐚𝐢𝐧 𝐑𝐞𝐩𝐨𝐫𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬: https://www.alliedmarketresearch.com/organic-fertilizers-market-A14536

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