Plant-based Organic Fertilizers Market Top Players- Coromandel, ILSA S.p.A., Midwestern BioAg Holdings, Feronia, Rallis, Perfect Blend.

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Plant-based Organic Fertilizers Market - (Type (Solid Fertilizer and Liquid Fertilizer), By Application (Cereals, Fruits & Vegetables, Oilseeds and Pulses and Other) Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Global Plant-based Organic Fertilizers Market is expected to grow with a CAGR of 5.19% during the forecast period of 2024-2031.

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Plant-based organic fertilizers are derived from natural sources, including plants, animals, minerals, and vegetables. These fertilizers have a minimal environmental impact due to their natural composition. As organic fertilizers are often used in food production, their rich content of vitamins and growth hormones makes them a safer and healthier alternative for both human health and environmental sustainability. In recent years, there has been a notable shift from chemical fertilizers to organic alternatives, driven by growing awareness of the health and environmental risks associated with synthetic fertilizers. The rising demand for organic farming practices is further supported by the increasing consumption of organic food products. However, the higher cost of organic fertilizers, coupled with the continued preference for synthetic options, is anticipated to restrain the global expansion of the organic fertilizers market.

List of Prominent Players in the Plant-based Organic Fertilizers Market:
• Fertrell
• Garden Tea
• Gentle World
• Benefert
• Bloom Buddy
• Planteo
• ABS5
• Tata Chemicals Limited
• Coromandel International Limited
• ILSA S.p.A.
• Midwestern BioAg Holdings
• Feronia
• Rallis
• Perfect Blend
• Scotts

Market Dynamics:
Drivers-
The growth of the plant-based organic fertilizers market is primarily driven by increasing awareness of the benefits of organic farming and sustainable agricultural practices. The rising demand for organic fertilizers is supported by advancements in farming techniques, increasing disposable incomes, and growing concerns over the adverse environmental effects of synthetic fertilizers, including soil degradation and reduced fertility. Additionally, improvements in the production processes of organic fertilizers are further contributing to the market's expansion.

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Challenges:
The primary challenges facing the plant-based organic fertilizers market include the impact of global warming, a shortage of skilled labor, and the absence of standardized regulations and protocols, particularly in emerging markets affected by lockdowns and isolation measures. Climate change has significantly affected the agricultural sector, with rising temperatures and sea levels leading to decreased crop yields and altered growth patterns. Saltwater intrusion into inland areas due to increasing sea levels renders several crops, such as rice, peanuts, palm oil, melons, and sweet potatoes, unviable, thereby reducing agricultural productivity and constraining market growth.

Regional Trends:
North America is expected to hold a significant share of the plant-based organic fertilizers market in terms of revenue. The market is projected to grow at a strong compound annual growth rate (CAGR) in the near future, driven by rising disposable incomes and advancements in farming techniques, which have led to higher organic crop yields. The increasing cultivation of high-value crops and growing awareness among farmers regarding the environmental benefits of organic fertilizers are key factors supporting market expansion in the region. Similarly, Europe holds a substantial market share, supported by increasing consumer awareness of the environmental impact of synthetic agricultural inputs. Regulatory support, along with government incentives and subsidies, is further driving the adoption of organic fertilizers across the region.

Recent Developments:
• In October 2023, Tata Chemicals Limited announced a partnership with the IITB-Monash Research Academy to conduct ground-breaking studies in perovskites and sustainable energy. This strategic cooperation aims to foster innovative, state-of-the-art clean energy technology and create solutions for a sustainable energy transition.
• In September 2023, Coromandel International Limited opened a state-of-the-art facility called the Coromandel Nanotechnology Center in Coimbatore, Tamil Nadu. This facility will aid in researching and developing various nano-enabled agro-inputs that improve plant nutrition and crop protection.

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Segmentation of Plant-based Organic Fertilizers Market-
By Type-
• Solid Fertilizer
• Liquid Fertilizer
By Application-
• Cereals
• Fruits and Vegetables
• Oilseeds and Pulses
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

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This release was published on openPR.