Organic Fertilizers Market

The organic fertilizers market was valued at $8.3 billion in 2020, and is anticipated to generate $15.9 billion by 2030. The market is projected to experience growth at a CAGR of 5.9% from 2021 to 2030.

As organic fertilizers are largely imported from Europe, India, and China across the world, the highly negative impact of COVID-19 on these market and disrupted logistics from the exporting countries restrained the growth of organic fertilizers market.

The world population is growing at the rate of 1.05%. The growth in population leads to rise in demand for food. As the availability of arable land is limited, land management and crop yield management have become important factors. The agriculture industry is under pressure to produce more food crops to meet the demand. The agriculture industry largely depends on fertilizers for increase in soil productivity. Majorly synthetic or chemical fertilizers are used for increasing crop yield. However, there is shift toward use of organic fertilizers, owing to rise in awareness of harmful effects caused by chemical fertilizers to both human and environment. People are opting for organic food products and are also willing to pay a bit higher cost for them, which is expected to drive the demand for organic fertilizers. 

World is largely dependent on the agriculture industry for its income, as this sector employs a large percentage of population. Increase in adoption of organic fertilizers due to its benefits to the environment as it is experiencing several climatic changes and harm to the ecology systems. However, the climate changes are also acting as a restraining factor for the market growth. Meanwhile, rise in demand for organic food, especially from Europe and North America that are importing food from Asia-Pacific, is anticipated to offer opportunity for the market growth.

Organic fertilizers market, by source 

By source, the market is divided into plant, animal, and mineral. The plant segment dominated the market in 2020, as plant based organic fertilizers break down quicker than other organics. However, the mineral segment is expected to grow at higher pace during the forecast period, owing to increased acceptance and use of organic fertilizers and by volume is the top organic amendment.

Organic fertilizers market, by crop type 

On the basis of crop type, the market is divided into cereal & grains, oilseeds & pulses, fruits & vegetables, and others. The cereals & grains segment dominated the market share in 2020, as they can be cultivated easily and provide high yield. Grains are relatively easy to handle and store due to their low water content, and are very high in food value. However, the fruits & vegetables segment is expected to grow at a higher CAGR during the forecast period. As the demand for fruits and vegetables is constantly increasing, the use of fertilizers is likely to rise, thus driving the market growth.

Organic fertilizers market, by form

Depending on form, the market is segmented into dry and liquid. The dry segment dominated the market in 2020, as dry form of fertilizers possesses beneficial characteristics such as longer shelf life, ease to transport and apply, cost-effective, and easy storage nature. However, the liquid fertilizers segment is expected to grow at faster pace, as liquid fertilizers penetrate quickly in the soil and provide faster access to nutrients.

Organic fertilizers market, by nutrient content

As per nutrient content, the market is categorized into presence of organic substance up to 60%, presence of organic substance from 40% to 60%, and presence of organic substance from 20% to 40%. The presence of organic substance up to 20% to 40% segment dominated the market in 2020, as presence of organic substance up to 20% to 40% is capable of increasing soil organic matter, and organic farming can reinstate the natural fertility of the damaged soil. 

Organic fertilizers market, by region

Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific dominated the 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 market growth in the region. 

Key Benefits For Stakeholders

• The report provides an in-depth analysis and organic fertilizers market forecast along with the current and future market trends.
• This report highlights the key drivers, opportunities, and restraints of the organic fertilizers market along with the impact analyses during the forecast period.
• Porter’s five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the organic fertilizers industry for strategy building.
• A comprehensive analysis of the factors that drive and restrain the market growth is provided.
• The qualitative data in this report aims on organic fertilizers market trends, dynamics, and developments.
• The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable organic fertilizers market share.

 Organic Fertilizers Market Report Highlights