Press release
Organic Fertilizers Market Outlook 2024-2029: Growth Drivers, Trends, and Key Players
MarketsandMarkets™
The global organic fertilizers market [https://www.prnewswire.com/news-releases/organic-fertilizers-market-worth-13-6-billion-by-2029--exclusive-report-by-marketsandmarkets-302095703.html] is valued at USD 7.9 billion in 2024 and is projected to reach USD 13.6 billion by 2029, growing at a compound annual growth rate (CAGR) of 11.5% during the forecast period. This growth is driven by evolving consumer preferences, heightened environmental awareness, and innovations in agricultural practices.
Consumers are increasingly wary of the health risks posed by chemical fertilizers and synthetic additives used in conventional farming. As a result, there is a growing shift towards organic food products, which are perceived as healthier and safer. This trend is fueling demand for organic fertilizers, which are derived from natural sources such as compost, manure, and plant residues. These fertilizers not only improve soil fertility and health but also reduce the risk of environmental degradation, aligning with the global shift toward sustainable and eco-friendly farming methods.
Image: https://www.marketsandmarkets.com/Images/organic-fertilizer-market-overview.webp
Organic Fertilizers Market Drivers [https://www.globenewswire.com/news-release/2024/05/20/2884928/0/en/Organic-Fertilizers-Market-Booming-as-Consumers-Embrace-Sustainable-Agriculture.html]
* Rising Demand for Organic Food: Consumers are increasingly choosing organic produce due to health concerns and environmental awareness. This surge has prompted farmers to adopt organic fertilizers to meet certification standards and consumer expectations.
* Soil Degradation and Environmental Concerns: Overuse of chemical fertilizers has led to soil acidification, loss of biodiversity, and water pollution. Organic fertilizers help restore soil health and reduce harmful environmental impacts.
* Government Regulations and Incentives: Many governments worldwide are encouraging sustainable farming practices by offering subsidies, grants, and regulatory frameworks favoring organic inputs.
* Advancements in Organic Fertilizer Technology: Innovations in processing organic waste and biofertilizer development have enhanced the efficiency and ease of use of organic fertilizers.
Organic Fertilizers Market Trends [https://www.marketsandmarkets.com/Market-Reports/organic-fertilizer-Market-171744317.html]
* Increasing Adoption in Developing Countries: Regions such as Asia-Pacific and Latin America are witnessing rapid growth as smallholder farmers embrace organic farming to improve yields and soil fertility.
* Integration with Precision Agriculture: Combining organic fertilizers with precision farming technologies helps optimize nutrient delivery, reducing waste and enhancing productivity.
* Expansion of Distribution Channels: E-commerce platforms and specialized agricultural supply stores are making organic fertilizers more accessible to farmers worldwide.
Liquid Organic Fertilizers: Fastest-Growing Segment
The liquid segment is expected to grow at the highest CAGR during the forecast period. This surge is driven by the growing adoption of precision agriculture and the demand for fertilizers that are easy to apply and highly effective. Liquid organic fertilizers provide uniform nutrient distribution and faster plant absorption, making them a preferred choice for farmers aiming to boost yields while maintaining sustainable practices. As agricultural operations scale up, demand for these convenient and efficient formulations is set to rise further.
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Mineral-Based Organic Fertilizers: Steady Growth
The mineral source segment is projected to maintain consistent growth through 2029. These fertilizers supply essential nutrients such as potassium, phosphorus, and calcium-crucial for plant development. Sourced from natural mineral deposits, they also help improve soil structure and fertility over time. With growing emphasis on long-term soil health and sustainable nutrient management, mineral-based organic fertilizers remain a reliable solution for organic farming, supporting stable market expansion.
North America Dominates the Organic Fertilizers Market Share [https://www.marketsandmarkets.com/PressReleases/organic-fertilizer.asp].
North America holds the largest share of the global organic fertilizers market. This leadership is driven by rising consumer demand for organic foods, strict regulations on synthetic inputs, and increasing adoption of sustainable farming practices. Farmers in the region are embracing organic methods to comply with regulations and meet eco-conscious consumer expectations. With continued investments in organic agriculture and improved access to organic fertilizer products, North America is expected to maintain its dominant position throughout the forecast period.
Leading Organic Fertilizers Companies [https://www.reportsnreports.com/blog/top-10-companies-shaping-the-future-of-the-organic-fertilizers-market/]:
Key players in this market include Yara (Norway), ICL (Israel), K+S Aktiengesellschaft (Germany), The Scotts Company LLC (US), Coromandel International Limited (India), Darling Ingredients (US), SPIC (India), T.Stanes and Company Limited (India), Fertoz (Australia), Multiplex Group Of Companies (India), TerraLink Horticulture Inc. (Canada), Midwestern Bio Ag Holdings, LLC (US), Sustane Natural Fertilizer, Inc. (US), Queensland Organics (Australia), and California Organic Fertilizers, Inc. (US).
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