Organic Fertilizers Market is projected to grow at a CAGR of 14.30% during the forecast period 2022-2029. As organic fertilizers are mainly imported from Europe, India, and China over the globe, the vastly negative influence of COVID-19 on these markets and disrupted logistics from the exporting nations controlled the growth of the organic fertilizers market growth.
Market Growth Drivers:
The growth in population leads to an increase in demand for food. As the obtainability of arable land is restricted, land management and crop yield management have developed significant aspects. The agriculture sector is in force to produce further food crops to meet the mandate. The agriculture sector mainly depends on fertilizers for a surge in soil efficiency. Majorly synthetic or chemical fertilizers are used for growing crop yield.
Though, there is a change in to use of organic fertilizers, due to an increase in consciousness of the risky effects caused by chemical fertilizers to both humans and the surroundings. People are choosing organic food products and are also keen to pay a moment greater cost for them, which is predictable to determine the demand for organic fertilizers.
Global is mainly dependent on the agriculture sector for its revenue, as this industry employs a large percentage of the populace. Upsurge in acceptance of organic fertilizers owing to its aids to the atmosphere as it is undergoing numerous climatic fluctuations and damage to the ecology method. Though, the weather changes are also performing as a restraining issue for the growth of the market. Temporarily, an increase in demand for organic food, particularly from Europe and North America that are importing food from Asia-Pacific, is predicted to compromise the opportunity for the organic fertilizers market growth.
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According to the source segment, the plant-based segment led the global organic fertilizers market, as plant-based organic fertilizers collapse quicker than add-on organics. Though the mineral segment is predicted to produce at a developed step throughout the forecast period, due to improved approval and use of organic fertilizers and by volume is the topmost organic modification.
The dry segment ruled the market in 2020, as the dry form of fertilizers owns helpful characteristics such as easy to transport and apply, longer shelf life, cost expensive, and easy storage environment. But, the liquid fertilizers segment is predicted to develop at a quicker pace, as liquid fertilizers enter rapidly into the soil and deliver quicker entrance to nutrients.
The main crops made in these countries include cereals, fruits & vegetables, and grains. The key nations that perform a major role in agriculture include India, China, and Australia. Cotton, sugarcane, fruits & vegetables, and cereals are the important agricultural supplies spread from these nations.
The United States and Canada are the foremost markets for organic fertilizers in North America. The achievement of the purposes of rural progress and supportable growth, by refining soil management, protective biodiversity, and indorsing source efficiency, are donating to an emerging favorable atmosphere for organic fertilizers and biofertilizers.
There is extensive acceptance of organic crop manufacturing methods in the United States, and the demand for organic products is thriving, due to the increased salaries. Better-quality farming performance makes organic yields more strong. These are the influences that are anticipated to determine the organic fertilizer market in the United States.
Asia-Pacific dominated the organic fertilizers market in 2020, and it is expected to grow at a higher pace during the forecast period, as the region is largely dependent on agriculture. In addition, increased government investment and subsidies on organic fertilizers act as a driving factor for the organic fertilizers market growth in the region.
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Some of the major companies profiled in the global market:
Some of the leading players in the global organic fertilizers market covered include Italpollina, California Organic Fertilizers, Inc., Vertical N.V., Multiplex Group., BioStar Systems, LLC, Midwestern BioAg, Nature Safe., Proton AG, Perfect Blend Biotic Fertilizer, and Viano.
The Middle East and Africa
Rest of the globe
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