Organic Fertilizers Market Outlook
Organic Fertilizer Market Size was valued at USD 7.76
billion in 2021. The Organic Fertilizer industry is anticipated to grow from
USD 8.65 billion in 2022 to USD 24.77 billion by 2032, exhibiting a CAGR of
11.1% during the forecast period (2022 - 2032). The main market factors raising
market share are expanding organic agricultural practises, more government
support in the form of targeted subsidies, and growing public knowledge of the
advantages of using organic fertilisers.
Since synthetic fertilisers have detrimental environmental
consequences like lowering soil fertility and causing environmental damage,
there will likely be an increase in demand for organic fertilisers. By
preventing toxic pesticides from getting into bodies of water, organic
fertilisers market can improve soil fertility while protecting water
resources.
Earthworm castings, cow dung, agricultural waste, and animal
waste are a few of the ingredients used to make organic fertiliser. Water
retention is aided by organic fertilisers. By turning the soil into gas and
loosening the soil's hold, organic fertilisers lighten the soil and allow air
to reach the plant roots. They safeguard the health of the soil by preventing
salt buildup. Organic fertilisers are nutrient-rich and kind to the
environment. As more individuals become aware of the risks associated with chemical
fertilisers, the market for organic fertilisers is expanding. People are
accepting and implementing organic foods into their daily lives. Additionally,
a robust scaled demand, notably from Europe, propels market expansion.
Due to the region's extensive reliance on agriculture,
demand for fertiliser has significantly increased. Organic fertilisers aid in
soil softening and loosening, encourage the growth of healthy microorganisms,
and assist the soil hold onto more moisture and nutrients. These traits
increase plant health, which is anticipated to fuel the organic fertilisers
market CAGR in the upcoming years.
Minerals, plants, and animals are part of the organic
fertilisers market segmentation, depending on the source. In 2022, the plant
segment held the lion's share, accounting for roughly 55–57% of the market
revenue for organic fertilisers.
Segment Analysis
The organic fertilisers market data has been segmented by
crops into oilseeds & pulses, cereals & grains, and fruits &
vegetables.
The market was dominated by the cereals and grains category
in 2022, and it is anticipated that this segment will grow at the fastest rate
from 2022 to 2030.
Based on certifications, the organic
fertilisers market size has been divided into 100% organic and 95%
organic. In 2022, the segment with the largest market share was 100% organic.
The report breaks down the markets by region, covering North
America, Europe, Asia-Pacific, and the rest of the world. The market for
organic fertilisers in Europe reached USD 2.7 billion in 2022 and is
anticipated to increase at a substantial CAGR over the study period. The
significant market share of this region is due to several factors, including
the expansion of mechanisation and irrigation systems, high income population
increase, broad organic farming areas, and numerous organic producers.
Key Companies in
the Biofertilizers market include :
Camson Bio
Technologies Limited,National Fertilizers Ltd.,Monsanto BioAg,T Stanes &
Company Limited,Rashtriya Chemicals & Fertilizers Ltd,Gujarat State
Fertilizers & Chemicals Ltd,Madras Fertilizers Limited,Agri Life,Mani
Dharma Biotech Pvt. Ltd.,Biomax Naturals, among others
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to
unravel the complexity of various industries through our Cooked Research Report
(CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R),
Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum
quality market research and intelligence services to our clients. Our market
research studies by products, services, technologies, applications, end users,
and market players for global, regional, and country level market segments,
enable our clients to see more, know more, and do more, which help to answer
all their most important questions.
To stay updated with technology and work process of the
industry, MRFR often plans & conducts meet with the industry experts and
industrial visits for its research analyst members.
Contact us:
Market Research Future (part of Wantstats Research and Media
Private Limited),
99 Hudson Street,5Th Floor, New York, New York 10013, United
States of America
Sales: +1 628 258 0071(US) +44 2035 002 764(UK)
Website : https://www.wantstats.com
Email: Sales@marketresearchfuture.com
No comments:
Post a Comment