The Organic Fertilizer Market Size is valued at 10.83 Billion in 2023 and is predicted to reach 27.14 Billion by the year 2031 at a 12.29 % CAGR during the forecast period for 2024-2031.
Key Industry Insights & Findings from the Report:
- The increasing number of people and cutting-edge technology has led to market growth.
- Environmental efforts are meeting the increasing need for food in the region, fueling the demand for organic fertilizers, which are the primary factors propelling the market forward.
- North America dominated the market and accounted for a global revenue share in 2023.
- The market for organic fertilizers is expected to be hindered by expensive manufacturing costs.
Organic fertilizers are made from raw materials such as animal waste, manure, plant debris, and human waste. It is an essential component that encourages the growth of soil microorganisms. The organic fertilizer's composition determines how nutrient-dense it is. One of the key elements fueling the expansion of organic farming is the demand for organic fertilizers. Consumer demand for organic goods is being driven by rising health consciousness. As more people choose to eat organic food because they believe it to be safe and healthful, there has been a substantial rise in organic farming worldwide, fueling the market for organic fertilizers.
Additionally, many government programs and subsidies designed to lessen environmental pollution motivate farmers to choose organic agriculture. The market for organic fertilizers is expected to rise due to several fundamental factors, including changing farming methods, new technology, significant investments in research and development, and increasing health consciousness.
Consumer demand for foods free of synthetic fertilizers and pesticides will drive market expansion in the coming years. However, the high demand for inorganic (synthetic) fertilizers limits the market's development. Furthermore, the abundant supply of organic waste and innovations in the production process of organic fertilizers are offering chances for the market's expansion.
Market Segmentation:
The Organic Fertilizers market is segmented on the source, form, method of application and crop type. Based on source, the market is segmented into Animal-based Organic Fertilizers (Blood Meal, Animal Manure, Bone Meal, Other Animal-based Organic Fertilizers), Plant-based Organic Fertilizers (Green Manure, Seaweed Extract, and Other Plant-based Organic Fertilizers), Mineral-based Organic Fertilizers (Rock Phosphate, Silica, Other Mineral-based Organic Fertilizers), and Other Organic Fertilizers. Based on form, the Organic Fertilizers are segmented into dry organic fertilizers (Granular Organic Fertilizers, Organic Fertilizer Pellets, Organic Fertilizer Powders, and Other Dry Organic Fertilizers) and liquid organic fertilizers. Based on the method of application, the Organic Fertilizers are segmented into broadcasting, fertigation and foliar application and other application methods. Based on crop type, the Organic Fertilizers are segmented into cereals & grains (Wheat, Maize/Corn, Rice, and Other Cereals & Grains), fruits & vegetables, oilseeds & pulses, turf & ornaments and other crops.
Based on form, the dry organic fertilizers segment is accounted as a major contributor to the Organic Fertilizers market.
Based on form, the Organic Fertilizers are segmented into dry organic fertilizers (Granular Organic Fertilizers, Organic Fertilizer Pellets, Organic Fertilizer Powders, and Other Dry Organic Fertilizers) and liquid organic fertilizers. The dry organic fertilizers segment is expected to account for the highest share of the global organic fertilizers market. This sector has the most significant market share due to the increasing acceptance of dry organic fertilizers for lawn and garden applications, the long-lasting benefits of dry fertilizers, the high effectiveness of dry fertilizers in all climatic situations, and the high & easy availability of raw materials. However, the liquid segment is predicted to increase quickly over the projection period due to its high efficiency and absorbability, convenience of use, cost-effectiveness, and uniform application.
The broadcasting segment witnessed growth at a rapid rate.
Based on the application method, the Organic Fertilizers are segmented into broadcasting, fertigation and foliar application and other application methods. This segment's substantial market share can be due to its low cost, efficiency, and ease of use. Increasing innovative broadcasting equipment and gear contribute to the segment's growth. On the other hand, the fertility segment is expected to grow at the fastest rate during the forecast period due to the increasing implementation of modern irrigation systems, easy and safe application, high efficiency, maximum absorbability with minimal fertilizer waste, and rising adoption in organic orchards.
Cereals & Grains segment dominated the market
Based on crop type, the Organic Fertilizers are segmented into cereals & grains (Wheat, Maize/Corn, Rice, and Other Cereals & Grains), fruits & vegetables, oilseeds & pulses, turf & ornaments and other crops. Globally, Cereals & Grain dominated the overall industry. The crop type segment is primarily driven by rising demand for organic cereals and grains and Massive areas of land occupied for the cultivation of organic cereals and grains.
The Asia Pacific Organic Fertilizers market holds a significant revenue share in the region.
The Asia Pacific Organic Fertilizers market is expected to register the highest market share in revenue shortly. Substantial organic farming regions, rapid population and income growth, growing mechanization and irrigation infrastructure, and the existence of numerous organic operators are all factors that contribute to this segment's large market share. The development of the organic fertilizers market in this region is further aided by government policies that support it, as well as measures taken by various organizations to promote and grow the organic sector. In addition, North America is projected to proliferate in the global Organic Fertilizers market. The exponential rise of the organic industry is attributed to more significant health consciousness among customers, population growth, increased demand for organic goods, and the steadily expanding area dedicated to organic farming.
Competitive Landscape
Some Major Key Players In The Organic Fertilizer Market:
- Hello Nature International Srl (Italy)
- Karnataka Agro Chemicals (Multiplex Group) (India)
- Coromandel International Limited (India)
- Midwestern BioAg (U.S.)
- Perfect Blend, LLC (U.S.)
- California Organic Fertilizers, Inc. (U.S.)
- Biochim S.p.A. (Italy)
- Queensland Organics (Australia)
- FirePro Manufacturing Pty Ltd. (Australia)
- National Fertilizers Limited (India)
- SPIC Ltd (India)
- Fertoz Ltd. (Australia)
- Scotts Miracle-Gro Company (U.S.)
- Suståne Natural Fertilizer, Inc. (Australia)
- Fertikal NV (Belgium)
Organic Fertilizer Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 10.83 Billion |
|
Revenue Forecast In 2031 |
USD 27.14 Billion |
|
Growth Rate CAGR |
CAGR of 12.29% from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Billion, Volume (KT) and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
Source, Form, Crop Type, Application |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
Hello Nature International Srl (Italy), Karnataka Agro Chemicals (Multiplex Group) (India), Coromandel International Limited (India), Midwestern BioAg (U.S.), Perfect Blend, LLC (U.S.), California Organic Fertilizers, Inc. (U.S.), Biochim S.p.A. (Italy), Queensland Organics (Australia), FirePro Manufacturing Pty Ltd. (Australia), National Fertilizers Limited (India), SPIC Ltd (India), Fertoz Ltd. (Australia), Scotts Miracle-Gro Company (U.S.), Suståne Natural Fertilizer, Inc. (Australia), Fertikal NV (Belgium) |
|
Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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