PUBLISHER: Meticulous Research | PRODUCT CODE: 1518376
PUBLISHER: Meticulous Research | PRODUCT CODE: 1518376
Seaweed Fertilizers Market Size, Share, Forecast, & Trends Analysis by Form (Powder, Liquid Seaweed Fertilizer), Application Mode (Foliar Spray), Crop Type (Field Crops, Horticultural Crops), End Use (Agriculture, Household Garden)-Global Forecast to 2030
According to the research report titled, 'Seaweed Fertilizers Market Size, Share, Forecast, & Trends Analysis by Form (Powder, Liquid Seaweed Fertilizer), Application Mode (Foliar Spray), Crop Type (Field Crops, Horticultural Crops), End Use (Agriculture, Household Garden)-Global Forecast to 2030,' the seaweed fertilizers market is projected to reach $29.6 million by 2030, at a CAGR of 10.4% during the forecast period 2023-2030. The report provides an in-depth analysis of the seaweed fertilizers market across five major regions, emphasizing the current market trends, market sizes, recent developments, and forecasts till 2031.
Following extensive secondary and primary research and an in-depth analysis of the market scenario, the report conducts an impact analysis of the key industry drivers, restraints, opportunities, and trends. The growth of this market is driven by the rising demand for organic farming & organic food, increasing government initiatives to promote the use of natural fertilizers, growing concerns regarding environmental safety, and growing seaweed cultivation. However, the high cost compared to synthetic fertilizers is expected to hamper market growth. Moreover, the increasing awareness about seaweed fertilizers is further expected to provide growth opportunities for the stakeholders in this market.
The key players operating in the seaweed fertilizers market are DOLLS EXPORTS PVT. LTD. (India), Donegal Seaweed (Ireland), FoxFarm Soil & Fertilizer Company (Canada), Kelp Products International (Pty) Ltd. (South Africa), Maxicrop USA, Inc. (U.S.), Plan "B" Organics (U.S.), QINGDAO SINTA BIOTECHNOLOGY CO., LTD (China), Seed2Plant India Pvt. Ltd. (India), TAGROW CO., LTD. (China), TECHSEALAB (France), The Espoma Company (U.S.), and Xiangcheng Jiahe Biological Technology Co., Ltd (China).
Based on form, the seaweed fertilizers market is segmented into powder and liquid seaweed fertilizers. In 2023, the powder seaweed fertilizers segment is expected to account for the larger share of the seaweed fertilizers market. The large market share of this segment is attributed to the longer shelf life, cost-effectiveness, ease of storing, and high efficiency over the liquid form seaweed fertilizers.
Based on application mode, the seaweed fertilizers market is segmented into foliar spray and other application modes. In 2023, the foliar spray segment is expected to account for the largest share of the seaweed fertilizers market. The large share of this segment is mainly attributed to the advancement in spraying equipment and the growing need for uniform distribution of nutrients. The uniform distribution of nutrients ensures that all plant parts receive the necessary nourishment, leading to healthier and more productive plants. Foliar spray allows for the direct application of seaweed fertilizers onto the leaves, bypassing the root system and providing immediate nourishment to the plants, which is expected to support the high growth of this market during the forecast period of 2023-2030.
Based on crop type, the seaweed fertilizers market is segmented into field crops, horticultural crops, and other crop types. The horticultural crops segment is projected to register the highest CAGR during the forecast period of 2023-2030 due to the growing demand for organic fruits and vegetables and the increasing area under horticultural crop cultivation.
Based on end-use, the seaweed fertilizers market is segmented into agriculture, household gardens, and other end uses. In 2023, the agriculture segment is expected to account for the largest share of the seaweed fertilizers market. The large market share of this segment is mainly attributed to the growing organic agriculture area, the wide range of benefits of seaweed fertilizers in crop production, and growing awareness about organic fertilizers. In addition, growing farmers' acceptance of seaweed fertilizers as a viable alternative to chemical fertilizers is further expected to support the growth of this market across the globe.
An in-depth geographic analysis of the industry provides detailed qualitative and quantitative insights into the five major regions (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) and the coverage of major countries in each region. In 2023, North America is expected to account for the largest share of the seaweed fertilizers market, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The large share of this market is primarily attributed to the presence of key manufacturers, increasing consumer preferences for organic and natural food products, increasing areas under organic cultivation in countries including the U.S. and Canada, growing demand for biofertilizers, and growing adoption of innovative technologies in the agricultural system.
Key Questions Answered in the Report-
Seaweed Fertilizers Market Assessment-by Form
Seaweed Fertilizers Market Assessment-by Application Mode
Seaweed Fertilizers Market Assessment-by Crop Type
Seaweed Fertilizers Market Assessment-by End Use
Seaweed Fertilizers Market Assessment-by Geography
(Note: The SWOT Analysis of the Top 5 Players has been provided in the studied report.)