PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1397100
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1397100
Organic Fertilizers Market size was valued at USD 9,800 Million in 2022, expanding at a CAGR of 7.2% from 2023 to 2030.
Organic fertilizers are mineral sources that occur naturally and contain a moderate amount of essential nutrients for plants. They have the ability to alleviate issues that arise from the use of synthetic fertilizers. Additionally, they decrease the need for frequent application of synthetic fertilizers in order to sustain soil fertility. Organic fertilizers are widely used for vegetables (tomatoes, lettuce, cucumber), fruits (strawberries, grapes, citrus), Cash crops (grass, flowers, cannabis). The significance of organic fertilizers in agricultural production is increasingly crucial due to the ongoing advancements in modern agriculture. Agricultural products cultivated with organic fertilizers possess superior taste and effectively preserve the distinctive nutrition and flavor of fruits and vegetables. Additionally, they play a pivotal role in safeguarding and enhancing the soil environment. Consequently, it is imperative for consumers to comprehend and utilize organic fertilizers.
The market demand is anticipated to surge due to the increasing number of organic farms and the growing demand for organic food products.
Organic farmers as well as food producers cultivate and produce food avoiding the use of synthetic chemicals including pesticides and synthetic fertilizers. They don't utilize genetically modified (GM) ingredients or irradiate food. Organic farming is better for the environment and more sustainable. According to Eurostat statistics, the total area under organic farming in the EU continues to increase, and in 2021 covered 15.9 million hectares of agricultural land. Furthermore, advances in the manufacturing procedure of organic fertilizers can provide growth opportunities for the market, however, less availability of products may hamper the growth of the market.
Availability may also be limited in some regions.
The Global Organic Fertilizers Market is segmented on the basis of Source, Crop type, Form, and Region.
The market is divided into three categories based on Source: Plant, Animal and Mineral. Animal segment dominates the market. Animal-based organic fertilizers are integral to sustainable farming practices, providing various advantages to both soils and crops.
The market is divided into two categories based on Crop type: Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Turf and Ornaments, Cash Crops and Others. Cereals & Grains segment dominates the market. Organic fertilizers, when applied on cereals and grains, can significantly enhance soil health and crop yield while avoiding the negative environmental effects associated with synthetic fertilizers.
The market is divided into two categories based on Form: Dry and Liquid. Dry Fertilizers segment dominates the market. Dry fertilizers come in solid form, typically designed for dispersal across large areas. Their low moisture content contributes to an extended shelf-life, making them more durable than some liquid alternatives.
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. North America is expected to dominate the growth of the market, due to increasing demand for organic food. The rising consumer demand for healthier, more sustainable, and ethically produced food options has led to an increased interest in organic products. Organic fertilizers are essential in augmenting the nutrient composition of organic crops. In 2018, in the US certified organic products made up just 5.7% of all food sold through retail channels. Also, in 2021, U.S. sales of organic food products reached USD 52 billion, according to Organic Food Statistics. However, Europe is expected to drive the growth of the market in the forecast period, due to increasing consumer demand for foods devoid of any synthetic fertilizers and pesticides.
The organic fertilizers sector is witnessing robust growth, with a pronounced uptick in regions emphasizing sustainable agriculture and organic food cultivation. Both Europe and North America are at the forefront of this surge while emerging markets are progressively embracing it, driven by heightened consciousness around eco-friendly farming methodologies. Several core strategies adopted by businesses to enhance their market presence and amplify their market share encompass introducing innovative products, expanding distribution channels, investing in research and development, and pursuing mergers and acquisitions. For example, Darling Ingredients Inc. announced the opening on Jan. 2, 2019, of its second organic fertilizer production facility in Turlock, Cal. The new state-of-the-art facility is located on a 21-acre site and will have the ability to produce 35,000 tons of Nature Safe Natural and organic Fertilizer.
Hello Nature, an international frontrunner in organic fertilizers, biostimulants, and Microbials, has collaborated with the six-generation-strong MPS Egg Farms from Indiana. This joint endeavor involves an approximate investment of USD50 million in Wabash, Indiana, dedicated to building and running a state-of-the-art specialty fertilizer production plant.