Plant-Based Organic Fertilizers Market Size is predicted to show a 5.19% CAGR during the forecast period for 2024-2031.
Plant-based fertilizer contains only all-natural components, such as plants, fruits, vegetables, and even animal manure. These organic fertilizers include vital plant nutrients, including potassium, phosphorus, and nitrogen. They aid plant health without using toxic synthetic pesticides in many ways, including better soil structure, more microbial activity, and improved nutrient uptake. Organic fertilizers are a more sustainable alternative to chemical fertilizers. They are from composted food waste, agricultural byproducts, or animal manure. An increasing number of people consume organic food, driving demand for organic farming methods. As a result of this change in taste, the organic fertilizer market is booming. Furthermore, the expansion of agricultural land masses worldwide has further increased the demand for organic fertilizers.
However, the market growth is hampered by the lack of awareness criteria for the safety and health of the global plant-based organic fertilizers market and the product's inability to prevent fog in environments with dramatic temperature fluctuations or high global plant-based organic fertilizers market because the climate changes caused by the controversial topic of global warming have introduced numerous challenges. Because weather patterns are unpredictable, farmers find it difficult to achieve good crop yields using only organic fertilizers. Some farmers believe chemical fertilizers are necessary to supplement organic ones to achieve maximum agricultural yield.
Competitive Landscape
Some of the major key players in the global plant-based organic fertilizers market are
- Fertrell
- Garden Tea
- Gentle World
- Benefert
- Bloom Buddy
- Planteo
- Tata Chemicals Limited
- ABS5
- Coromandel
- ILSA S.p.A.
- Midwestern BioAg Holdings
- Feronia
- Rallis
- Perfect Blend
- Scotts
Market Segmentation:
The global plant-based organic fertilizers market is segmented based on type and application. Based on type, the market is segmented into solid fertilizer and liquid fertilizer. By application, the market is segmented into cereals, fruits and vegetables, oilseeds and pulses, and others.
Based On The Type, The Liquid Fertilizers Market Segment Is Accounted As A Major Contributor To The Plant-Based Organic Fertilizers Market
The liquid fertilizers global plant-based organic fertilizers market is expected to hold a major global market share in 2022. Liquid fertilizers are already dissolved, and plant roots may absorb them rapidly. This causes plants to absorb nutrients more quickly, which is useful for various reasons, particularly during fast growth or when trying to remedy nutrient deficits. The liquid form of organic fertilizers is also becoming popular among farmers. This is because the product is easier to apply and uses less product overall.
Fruits And Vegetables Segment To Witness Growth At A Rapid Rate
The fruits and vegetables industry makes up the bulk of ester usage because organic fruit and vegetables have become more popular among farmers, leading to an anticipated increase in the demand for organic fertilizers. It is expected that the usage of organic fertilizers would expand for the development of fruits and vegetables due to their long-term effectiveness, low environmental impact, and lower costs compared to chemical fertilizers, especially in countries like the US, Germany, the UK, China, and India.
In The Region, The North American Plant-Based Organic Fertilizers Market Holds A Significant Revenue Share
The North American global plant-based organic fertilizers market is expected to register the highest market share in revenue in the near future. This can be attributed to the growing demand for chemical-free food items and the increased funding for sustainable agricultural practices in this area. In addition, Asia Pacific is projected to grow rapidly in the global plant-based organic fertilizers market because of their low environmental impact and the many government programs that encourage their use; organic fertilizers are becoming increasingly popular among farmers as a means of crop protection throughout the Asia-Pacific region.
Recent Developments:
- In October 2023, Tata Chemicals Limited announced a partnership with the IITB-Monash Research Academy to conduct ground-breaking studies in perovskites and sustainable energy. This strategic cooperation aims to foster innovative, state-of-the-art clean energy technology and create solutions for a sustainable energy transition.
- In September 2023, Coromandel International Limited opened a state-of-the-art facility called the Coromandel Nanotechnology Center in Coimbatore, Tamil Nadu. This facility will aid in researching and developing various nano-enabled agro-inputs that improve plant nutrition and crop protection.
Plant-Based Organic Fertilizers Market Report Scope
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Report Attribute |
Specifications |
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Growth Rate CAGR |
CAGR of 5.19% from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Bn, Volume (KT) and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Type, By Application |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
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Competitive Landscape |
Fertrell, Garden Tea, Gentle World, Benefert, Bloom Buddy, Planteo, ABS5, Tata Chemicals Limited, Coromandel, ILSA S.p.A., Midwestern BioAg Holdings, Feronia, Rallis, Perfect Blend, and Scotts. |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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