Increasing Consumer Demand for Organic Products Boosts Organic Fertilizers Market

According to the latest market research study published by P&S Intelligence, the global organic fertilizers market was valued at USD 6,038.1 million in 2023 and is poised to expand at a compound annual growth rate (CAGR) of 14.2%, reaching USD 15,232.2 million by 2030. The rising preference for organic farming, increasing demand for organic food products, and the growing adoption of environmentally sustainable agricultural practices are key factors propelling market growth. Organic fertilizers, which are derived from plant and animal sources, have gained traction due to their ability to reduce chemical leaching and promote healthier soil.

Increased investments in organic farming, particularly in North America and Europe, have further fueled this growth. Additionally, the higher yields and improved crop quality associated with organic fertilizers, despite their premium pricing, continue to drive interest from farmers globally. The expansion of organic farming, along with regulatory support and consumer demand for organic products, is expected to maintain this positive growth trajectory.

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Key Insights

Market Growth and Drivers:

The organic fertilizers market is experiencing robust growth, with a CAGR of 14.2% expected from 2024 to 2030.

In 2023, the market size was USD 6,038.1 million and is forecast to reach USD 15,232.2 million by 2030.

Government policies supporting organic farming and increased consumer demand for organic food products are major growth drivers.

Regional Trends:

Europe is the largest market for organic fertilizers, driven by strong demand for organic food and beverages, particularly in countries such as Germany and France.

The Asia-Pacific region is the fastest-growing market, propelled by the increasing adoption of organic farming practices and growing consumer awareness of sustainable agriculture in countries like India and China.

Segmentation Insights:

The market is primarily segmented by source into plant-based and animal-based fertilizers. In 2023, animal-based fertilizers accounted for approximately 70% of the total market share, owing to their rich nutrient content, including nitrogen, potassium, and phosphorous.

The cereals & grains segment held the largest revenue share in 2023, contributing nearly 50% of the market due to high demand for organic fertilizers in staple crops like rice, barley, and wheat.

Technological Advancements:

Advances in manufacturing processes have led to more efficient production of organic fertilizers, making them more accessible to farmers worldwide.

Innovations in fertilizer formulations are enhancing the performance and nutrient consistency of organic fertilizers, addressing issues related to lower yields compared to conventional chemical fertilizers.

Market Challenges:

Despite the growth, organic fertilizers face challenges such as high transportation costs due to their bulky nature and lower nutrient content compared to chemical alternatives.

Organic farming's typically lower yields also present scalability issues, although the environmental benefits of organic methods continue to support long-term growth in the sector.

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Competitive Landscape:

The organic fertilizers market is fragmented with numerous small and medium-sized players alongside large corporations. Key market players are focusing on expanding their product portfolios and investing in research and development to introduce more effective and eco-friendly solutions.

In 2022, the Ministry of Fisheries, Animal Husbandry & Dairying launched a subsidiary to manage manure, a significant component in the animal-based fertilizer sector, further driving innovation in this space.

The increasing preference for organic farming and sustainable agricultural practices, combined with favorable regulatory support, is expected to continue driving the growth of the organic fertilizers market, making it a critical area of opportunity for farmers, manufacturers, and investors alike.

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This release was published on openPR.