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Organic Fertilizer Market Predicted to Witness Steady Growth During the Forecast Period 2016-2026

08-24-2017 03:08 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Organic Fertilizer Market Predicted to Witness Steady Growth

With increase in demand for green products and pollution free agricultural products, the term ‘organic’ has become an irresistible trend of modern agriculture and is creating a buzz in the global fertilizers market. Rapid development of organic agriculture coupled with augmenting demand for organic food is expected to increase the demand for organic fertilizers.

Organic fertilizers are derived or made from human waste, animal waste or vegetable matter (usually rotten or non-consumable by humans). Naturally-occurring organic fertilizers consist of animal matter from meat processing industries, peat, slurries, manures and guano. As organic fertilizers are extracted from naturally-occurring substances, the risk of environmental damage is low. Use of organic fertilizers also reduces the risk of diseases in humans, as many fertilizers find their way to human food. Prominent organic fertilizers available in the market include blood meal, bone meal, composites, earthworm castings, bat guano, fish emulsion, alfalfa meal, feather meal and rock phosphate. Selection of organic fertilizers is usually done after determining the nutrients required from the crop.

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Organic Fertilizer Market Dynamics

The global market for organic fertilizer has witnessed steady growth in the recent past owing to government support and favorable perception among farmers and end-users. The efficiency of organic fertilizers is slow and long time. As compared to chemical fertilizers, the production of organic fertilizers has less investment and high benefits. This factor is expected to augment the global organic fertilizers market over the forecast period. Owing to the eco-friendly nature of organic fertilizers, governments in many countries have subsidised the prices, making it easier for farmers to use it.

Government and environmental policies minimizing wastage and reduction in the consumption of non-biodegradable raw materials has led to an increased production of organic fertilizers. Regulations are also emphasizing more on human safety, so are supporting markets like organic fertilizers to reduce risk to human life and the environment.

The organic fertilizers market is dependent upon the weather (rains/water supply) of that region or area; hence, weather conditions can hamper the growth of organic fertilizer market. Another concern with organic fertilizers is that a majority of them have lesser nutrient ratio than chemical fertilizers, which can massively impact farm produce.

Organic Fertilizer Market: Segmentation

On the basis of raw material types, organic fertilizer market can be segmented as:

Plant Based Fertilizers

Compost and Compost Tea

Cottonseed meal

Molasses

Legume Cover Crops

Green Manure Cover Crops

Seaweed

Soybean meal

Corn Gluten

Animal Based Fertilizers

Manure

Bone Meal and Blood Meal

Urea

Milk

Manure Tea

Fish Emulsion

Others

On the basis of application, organic fertilizer market can be segmented as:

Farming

Gardening

Organic Fertilizer Market: Regional Outlook

The global organic fertilizer market can be segmented into seven geographical locations -- North America, Latin America, Western and Eastern Europe, APEJ, Japan and Middle East and Africa. North America and Europe are expected to dominate the global organic fertilizers market throughout the forecast period. The market in North America and Europe is anticipated to grow robustly owing to conducive climatic conditions and the ample availability of land for farming. In the APAC region, strong government policies and rules are expected to contribute to the growth of organic fertilizer market. Owing to large agricultural land in India, the organic fertilizers market is anticipated to increase at a significant rate over the forecast period.

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Organic Fertilizer Market: Key Players

Some of the major players identified in the global organic fertilizer market are:

Bio Nature Technology PTE Ltd.

Fertikal N.V.

Multiplex Group

Uniflor

Italpollina spa

CropAgro

Walt's Organic Fertilizer

BioSTAR Organics

California Organic Fertilizers

Kribhco

National Fertilizers Limited

Biofosfatos do Brasil

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Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

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