The organic fertilizers market is booming as consumers
embrace sustainable agriculture. The North American region is
projected to experience the fastest growth in terms of value.
According to a global market study on organic fertilizers, the
increasing adoption of precision farming techniques is set to be a
leading trend. Precision farming involves the use of advanced
technologies such as GPS, drones, and soil sensors to apply
fertilizers more efficiently and effectively.
NEWARK,
Del., July 2, 2024 /PRNewswire/ -- The global
organic fertilizer market size is anticipated to reach a value
of around USD 15,994.2 million
by 2034 from USD 8,764.3
million in 2024. The market is projected to showcase a
CAGR of about 6.2% in the forecast period from 2024 to
2034.
Increasing concerns about the environmental impact of synthetic
fertilizers are estimated to propel organic fertilizer
demand in the forecast period. Government bodies are set to
conduct awareness campaigns among farmers and consumers to provide
in-depth knowledge of the harmful effects of synthetic chemicals in
fertilizers. Hence, sales of natural fertilizers that are free from
toxic chemicals are likely to surge across the globe.
The commercialization and creation of novel fertilizer products
worldwide are anticipated to bode well for the market. Leading
companies are set to help address specific agricultural needs with
the help of innovation. The launch of fortified fertilizers that
blend both nutrients and natural minerals will likely provide more
targeted and efficient nutrient profiles.
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The fertilizer packaging market would be significantly
impacted by an abrupt ban on one time or single-use plastic
packaging options implemented by key importers. Production prices,
supply chains, as well as market dynamics would all be greatly
impacted by the sudden need for alternative and innovative
packaging materials.
Key Takeaways from the Market Report
- The global organic fertilizer market is likely to witness a
CAGR of 6.2% in the estimated period.
- The global market is projected to reach USD 8,764.3 million in 2024.
- The market is estimated to attain a value of around
USD 15,994.2 million by
2034.
- In terms of source, the plant-based fertilizer segment is set
to dominate the market through 2034.
- Based on form, dry organic garden fertilizers are anticipated
to witness high demand globally.
"Increasing demand for organic food and beverages among
millennial consumers is projected to create new growth avenues in
the market. Key manufacturers are likely to invest in research
activities to come up with novel fertilizers that would help
farmers offer organic crops," Says
Nikhil Kaitwade, Associate Vice President at
Future Market Insights (FMI).
Awareness of Biodegradable Fertilizers is Likely to Drive
Demand
The food and beverage industry in the
United States and Canada is
expected to grow at a significant rate during the forecast period.
Organic fertilizer are increasingly used in the sector for the
cultivation of fruits & vegetables and cereals & crops
among others. Organic fertilizer has been approved as a non-toxic
additive and ingredient by several regional administrations.
Moreover, these fertilizers can be considered as best
alternative to harmful agrochemicals which are extensively used for
food protection. Sometimes organic fertilizers are used as
non-biodegradable and non-renewable polymers used for coating some
foods including fruits and vegetables.
Due to such a wide-range of benefits, manufacturers of
agrochemicals are focusing on organic-based fertilizers for use in
agriculture, which is expected to drive the organic fertilizer
market in the region.
Competitive Landscape
Start-ups in the market are augmenting development with new
formulations and eco-friendly sourcing practices, appealing to
niche markets and environmentally conscious consumers. This dynamic
competition fosters continual improvement in product quality and
variety, with companies differentiating through factors like
product efficacy, sustainability credentials, and price
competitiveness.
Established firms, on the other hand, leverage their extensive
distribution networks and brand recognition to promote organic
product lines, often integrating organic fertilizers with other
sustainable agricultural solutions. The industry's growth is set to
be primarily supported by increasing investment in research and
development, leading to advanced organic water-soluble fertilizer
products that cater to diverse agricultural needs.
Industry Development-
- In February 2024, SureSource
Agronomy, headquartered in Ontario, introduced a new range of crop
nutrient products. The products are derived from the discarded feed
materials, exoskeletons, and excrement of crickets.
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Leading Organic Fertilizer Players
- Hello Nature International Srl
- Karnataka Agro Chemicals
- Italpollina SpA
- Coromandel International Limited
- Midwestern BioAg
- Perfect Blend, LLC
- California Organic Fertilizers, Inc.
- Biolchim S.p.A.
- Queensland Organics
- FertPro Manufacturing Pty Ltd.
- National Fertilizers Limited
- Fertoz Ltd.; SPIC Ltd
- Scotts Miracle-Gro Company
- Suståne Natural Fertilizer, Inc.
- Fertikal NV
Key Segments of Market Report
By Source:
The industry is divided into plant, animal, and mineral.
By Crop Type:
Cereals and grains, oilseed and pulses, and fruits and
vegetables are the key crop types.
By Form:
Dry and liquid are the two leading forms.
By Region:
North America, Latin America, Europe, South
Asia and Pacific, East
Asia, and the Middle East
and Africa is provided.
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Authored By
Nikhil Kaitwade (Associate Vice President at Future Market
Insights, Inc.) has over a decade of experience in market research
and business consulting. He has successfully delivered 1500+ client
assignments, predominantly in Automotive, Chemicals, Industrial
Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research
methodology, creating a unique analysis framework, statistical data
models for pricing analysis, competition mapping, and market
feasibility analysis. His expertise also extends wide and beyond
analysis, advising clients on identifying growth potential in
established and niche market segments, investment/divestment
decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in
Mechanical Engineering. Nikhil has authored several publications
and quoted in journals like EMS Now, EPR Magazine, and EE
Times.
Have a Look at Related Research Reports of Chemicals
& Materials
From 2023 to 2033, global bioenzyme fertilizer
sales are expected to soar at a robust CAGR of 8.9%. By 2033,
the total market size is projected to reach around USD 1500 million.
The global water soluble fertilizer market is expected
to reach a market valuation of USD 17,623.1
Million in 2022 and expand at a CAGR of 6.5% between
2022 and 2032. By the end of the forecast period, the market is
expected to be worth USD 33,080.9 Million.
Controlled and slow release fertilizers are used in a wide range
of applications. Major applications of controlled and slow release
fertilizers include agricultural areas, commercial lawns and
turfs and others.
The global market of biostimulants is valued at around
USD 3.4 billion in 2023 and is
anticipated to reach USD 9.6 billion
by 2033. The global business is anticipated to witness a
considerable CAGR of 10.8% during the forecast period.
The market research report anticipates a growth of USD 1,761.88 million by 2033. The fertilizer
additive sales are expected to record a CAGR of 4.20% during
the forecast period.
Sales of organic fertilizers in North
America are projected to soar at a healthy CAGR of 8.2%
during the assessment period. Accordingly, the total industry size
is set to reach around USD 4,415.8
million in 2034.
Over the assessment period from 2023 to 2033, the global
phosphate fertilizer market is projected to expand at a
compound annual growth rate (CAGR) of 5.1%, resulting in a market
size of USD 92,110.8 million by
2033.
The global green fertilizer industry value reached
USD 2145.7 million in 2023. Over the
forecast period, the value is anticipated to rise at 4.5% CAGR. The
market is predicted to increase from USD
2223 million in 2024 to USD 3442.6
million in 2034.
The bentonite market is expected to grow at a CAGR of
6.5% from 2023 to 2033 assessment period. The market is projected
to reach a valuation of USD 3.8
billion in 2033.
Demand for Sulphur coated urea for agricultural production
is expected to surge at over 3% CAGR until 2032.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the
Stevie Award, and a member of the Greater
New York Chamber of Commerce) offers profound insights into
the driving factors that are boosting demand in the market. FMI
stands as the leading global provider of market intelligence,
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and Beverage, Consumer Technology, Healthcare, Industrial, and
Chemicals markets. With a vast team of ~400 analysts worldwide, FMI
provides global, regional, and local expertise on diverse domains
and industry trends across more than 110 countries.
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SOURCE Future Market Insights