Press release
Organic Fertilizers Market Trends and Forecasts 2023-2029: Comprehensive Research Report
Organic Fertilizers Market to Reach USD 13.6 Billion by 2029, Driven by Rising Soil Degradation and Demand for Sustainable Farming PracticesAccording to a new report by MarketsandMarkets Trademark , the Organic Fertilizers Market [https://www.marketsandmarkets.com/Market-Reports/organic-fertilizer-Market-171744317.html] is projected to grow from USD 7.9 billion in 2023 to USD 13.6 billion by 2029, registering a robust CAGR of 11.5% during the forecast period.
Growing concerns over soil degradation have emerged as a key catalyst for the rapid adoption of organic fertilizers worldwide. Soil degradation-largely a result of nutrient depletion, erosion, and chemical contamination-continues to threaten global agricultural productivity. In India alone, an estimated 146.8 million hectares, or nearly 30% of total soil, is degraded, according to the National Bureau of Soil Survey and Land Use Planning. Of this, 29% is lost to the sea, 61% is displaced, and 10% settles in reservoirs.
Image: https://www.marketsandmarkets.com/Images/organic-fertilizer-market-overview.webp
Organic fertilizers are increasingly recognized as a sustainable solution to restore soil health, enhance microbial activity, and reduce dependency on chemical inputs. The rising focus on long-term agricultural sustainability is boosting market demand, particularly among farmers seeking to reverse soil degradation and improve crop productivity.
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What Are Organic Fertilizers?
Organic fertilizers are derived from natural sources such as plant residues, animal waste, compost, and other organic materials. Unlike synthetic fertilizers, which rely on chemical compounds, organic fertilizers improve soil fertility gradually while maintaining ecological balance. They provide essential nutrients like nitrogen, phosphorus, and potassium, enhancing plant growth and crop yields sustainably.
Organic Fertilizers Market Growth Drivers:
* Soil Degradation and Nutrient Depletion: Continuous farming practices and excessive use of synthetic fertilizers have led to soil nutrient depletion and erosion. Organic fertilizers help restore essential nutrients and improve soil structure, making them a preferred choice for farmers seeking sustainable solutions.
* Rising Demand for Organic Food: Consumer preference is shifting toward organically grown food, free from harmful chemicals. This trend has boosted the demand for organic fertilizers, as they are critical in supporting organic farming practices.
* Environmental Concerns: The adverse effects of chemical fertilizers on water bodies, soil, and biodiversity have prompted governments and organizations worldwide to promote organic alternatives. Policies encouraging sustainable agriculture are driving market growth.
Liquid Organic Fertilizers Expected to Record the Highest CAGR
The liquid segment of the organic fertilizers market is anticipated to grow at the highest CAGR during the forecast period. This growth is attributed to:
* Rising adoption of precision agriculture
* Increasing preference for fertilizers offering uniform application
* Faster nutrient absorption by crops
* Convenient handling and application methods
With more agricultural operations adopting eco-friendly and efficient fertilizer solutions, the demand for liquid organic formulations is projected to rise steadily.
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Mineral-Based Organic Fertilizers Continue to Gain Traction
The mineral source segment is expected to maintain consistent market growth through 2029. Mineral-based organic fertilizers-derived from natural deposits-provide essential nutrients such as calcium, potassium, and phosphorus while enhancing soil structure and long-term fertility.
As farmers increasingly seek balanced nutrient management and improved soil health, mineral-based fertilizers are becoming a trusted component of organic farming systems. Market forecasts indicate sustained demand for these products due to their proven impact on crop productivity and compliance with organic farming standards.
North America Leads the Global Organic Fertilizers Market
North America is projected to hold the largest share of the global organic fertilizers market throughout the forecast period. Key factors driving this regional dominance include:
* Strong consumer demand for organic food
* Strict regulations against synthetic fertilizers
* Growing awareness among farmers regarding sustainable practices
* Significant investment in organic agriculture
With the increasing availability of organic fertilizers and supportive regulatory frameworks, North America is set to remain at the forefront of global market expansion.
Leading Organic Fertilizers Companies [https://www.marketsandmarkets.com/ResearchInsight/organic-fertilizer-market.asp]:
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).
Frequently Asked Questions About Organic Fertilizers Market:
Q1. What are organic fertilizers?
Q2. What is the current size of the organic fertilizers market?
Q3. What factors are driving the growth of the organic fertilizers market?
Q4. Which regions are leading in the organic fertilizers market?
Q5. What are the challenges faced by the organic fertilizers market?
Q6. Who are the key players in the organic fertilizers market?
Q7. What is the future outlook of the organic fertilizers market?
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About MarketsandMarkets Trademark
MarketsandMarkets Trademark has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report.
MarketsandMarkets Trademark is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.
Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.
The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore Trademark , which integrates research and provides ecosystem-wide visibility into revenue shifts.
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