Global Green Manure Market Report: Trends and Forecast 2024

"The Business Research Company recently released a comprehensive report on the Global Green Manure Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, 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 growth in the historic period can be attributed to organic farming practices, soil health awareness, crop rotation practices, government support and subsidies, crop diversification, water conservation, reduced environmental impact.

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%. The growth in the forecast period can be attributed to climate change adaptation, regenerative agriculture practices, consumer demand for sustainable agriculture, integration in precision agriculture, enhanced soil microbial activity, water quality management. Major trends in the forecast period include integration of leguminous cover crops, use of winter cover crops, no-till and reduced-till farming systems, innovations in cover crop seed varieties, integration of livestock in cover cropping systems.

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Market Drivers and Trends:

The increasing prevalence of seed infection is expected to propel the growth of the green manure market going forward. Seed infection refers to the establishment of a pathogen within any part of a seed, which may occur systemically, either through the vascular system or plasmodesmatic connections or directly through floral infection or penetration of the ovar*y wall, seed coat, or natural openings. Green manure can play a role in seed infection by reducing the incidence and severity of plant diseases. Green manure can suppress weed infestation, control erosion, and enrich the soil through the fixation of atmospheric nitrogen by legumes. For instance, in June 2021, according to a report shared by the Food and Agriculture Organization (FAO), a US-based specialized agriculture agency, in 2020, 40% of global crop production is estimated to be lost annually due to pests and the rise in seed- and soil-borne diseases. These plant diseases cost the global economy approximately $220 billion each year, while invasive insects cost around $70 billion. Therefore, the increasing prevalence of seed infection is driving the growth of the green manure market.

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.

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Major Key Players of the Market:

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.,

Green Manure Market 2024 Key Insights:

• 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%.
• Surging Demand For Organic Foods Fuels Green Manure Market Growth
• Embracing Green Manure For Sustainable Agriculture Reshapes Market Practices
• Asia-Pacific was the largest region in the green manure market in 2023 and is expected to be the fastest-growing region in the forecast period

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