Organic Fertilizer Market Projected to Grow Significantly by 2034 Supported by Increased Awareness of Sustainable Farming Practices

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Organic Fertilizers Market- by Source (Animal-based Organic Fertilizers (Blood Meal, Animal Manure, Bone Meal, Other Animal-based Organic Fertilizers), Plant-based Organic Fertilizers (Green Manure, Seaweed Extract, and Other Plant-based Organic Fertilizers), Mineral-based Organic Fertilizers (Rock Phosphate, Silica, Other Mineral-based Organic Fertilizers), and Other Organic Fertilizers), by Form (dry organic fertilizers (Granular Organic Fertilizers, Organic Fertilizer Pellets, Organic Fertilizer Powders, and Other Dry Organic Fertilizers) and liquid organic fertilizers), by Application (broadcasting, fertigation and foliar application and other application methods), by Crop Type (cereals & grains (Wheat, Maize/Corn, Rice, and Other Cereals & Grains), fruits & vegetables, oilseeds & pulses, turf & ornaments and other crops)-Trends, Industry Competition Analysis, Revenue and Forecast To 2034."

The global Organic Fertilizer market is estimated to reach over USD 38.6 Billion by the year 2034, exhibiting a CAGR of 12.5% during the forecast period.

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Organic fertilizers, sourced from materials such as animal waste, manure, plant residues, and human waste, are essential for fostering the growth of soil microorganisms. The nutrient content of these fertilizers varies based on their specific composition. The increasing demand for organic fertilizers is largely driven by the expansion of organic farming practices. As consumers become more health-conscious, there is a growing preference for organic products, with many individuals choosing organic food for its perceived safety and health benefits. This shift toward organic agriculture has contributed to substantial global growth, further fueling the demand for organic fertilizers. In addition, various government initiatives and subsidies aimed at reducing environmental pollution are incentivizing farmers to transition to organic farming methods.

Over the coming years, the rising consumer demand for food free from synthetic fertilizers and pesticides is expected to continue driving market expansion. However, the widespread use of inorganic (synthetic) fertilizers remains a challenge to the growth of the organic fertilizer market. Conversely, the abundant availability of organic waste and ongoing advancements in the production processes of organic fertilizers present considerable opportunities for further market development.

List of Prominent Players in the Organic Fertilizer Market:
• Hello Nature International Srl (Italy)
• Karnataka Agro Chemicals (Multiplex Group) (India)
• Coromandel International Limited (India)
• Midwestern BioAg (U.S.)
• Perfect Blend, LLC (U.S.)
• California Organic Fertilizers, Inc. (U.S.)
• Biochim S.p.A. (Italy)
• Queensland Organics (Australia)
• FirePro Manufacturing Pty Ltd. (Australia)
• National Fertilizers Limited (India)
• SPIC Ltd (India)
• Fertoz Ltd. (Australia)
• Scotts Miracle-Gro Company (U.S.)
• Suståne Natural Fertilizer, Inc. (Australia)
• Fertikal NV (Belgium)

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Market Dynamics:
Drivers:
Organic fertilizers, derived from natural sources such as plant and animal materials, play a crucial role in enhancing crop yields. These fertilizers are particularly advantageous as they supply the soil with vital carbonic compounds necessary for plant growth. The application of organic fertilizers increases the organic matter content of the soil, fostering microbial activity and improving both the physical and chemical properties of the soil. Organic fertilizers are an essential component of modern agriculture and home gardening, presenting significant opportunities for market expansion during the forecast period.

Challenges:
The presence of alternative products, such as chemical or synthetic fertilizers, could hinder the growth of the organic fertilizer market. Additionally, the high cost of organic fertilizer production equipment remains a key concern, with buyers seeking to negotiate more favorable prices while ensuring quality and service standards. Market competition may lead to lower profitability for organic fertilizer equipment suppliers. The relatively high cost of organic fertilizers also limits their widespread adoption in large-scale agricultural operations, particularly in commodity crop farming. These factors are expected to pose challenges to the market's growth in the coming years.

Regional Trends:
The organic fertilizer market in the Asia-Pacific region is expected to hold a significant revenue share and grow at a high compound annual growth rate (CAGR). Agriculture is a key sector in the region's economy, and increasing government investment and subsidies for organic fertilizers are bolstering market growth. Rising disposable incomes and growing consumer demand for organic food are further driving the organic fertilizer market in the region. Additionally, advancements in communication technology have increased awareness about health and wellness, further strengthening the global demand for organic fertilizers, particularly in developing countries such as Brazil and India. In North America, the organic fertilizer market is also experiencing robust growth, driven by rising consumer demand for organic products fueled by heightened health awareness, higher incomes, and improved agricultural practices. The expansion of high-value crop cultivation and growing awareness among farmers about the environmental benefits of organic fertilizers are expected to further support market growth in the region.

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Recent Developments:
• In March 2019, Italpollina SpA agreed to buy Horticultural Alliance, Inc., a Florida-based company specializing in plant health and care with an organic approach (USA). Furthermore, Italpollina SpA formed a new company in the United States to manufacture and distribute organic fertilizers throughout North America.
• In February 2019, BioStar Organics, a waste-to-energy firm, opened a new organic fertilizer factory in Washington to produce up to 500,000 gallons of SuperSix organic liquid fertilizer per year.

Segmentation of Organic Fertilizer Market-
By Source-
• Animal-based Organic Fertilizers
o Blood Meal
o Animal Manure
o Bone Meal
o Other Animal-based Organic Fertilizers
• Plant-based Organic Fertilizers
o Green Manure
o Seaweed Extract
o Other Plant-based Organic Fertilizers
• Mineral-based Organic Fertilizers
o Rock Phosphate
o Silica
o Other Mineral-based Organic Fertilizers
• Other Organic Fertilizers
By Form-
• Dry Organic Fertilizers
o Granular Organic Fertilizers
o Organic Fertilizer Pellets
o Organic Fertilizer Powders
o Other Dry Organic Fertilizers
• Liquid Organic Fertilizers
By Mode of Application
• Broadcasting
• Fertigation
• Foliar Application
• Other Application Methods
By Crop Type
• Cereals & Grains
o Wheat
o Maize/Corn
o Rice
o Other Cereals & Grains
• Fruits & Vegetables
• Oilseeds & Pulses
• Turf & Ornaments
• Other Crops
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
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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This release was published on openPR.