Report Code: A14536 | Pages: 376 | Nov 2021 | 6067 Views | ||
Author(s) : Yamini P , Eswara P | Tables: 253 | Charts: 58 |
|
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Organic Fertilizers Market
Request Now !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.
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.
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.
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.
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.
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
Organic Fertilizers Market Report Highlights
Aspects | Details |
---|---|
BY SOURCE |
|
BY CROP TYPE |
|
BY NUTRIENT CONTENTS |
|
BY FORM |
|
BY REGION |
|
Key Market Players | ALPHA BIOGREEN SDN BHD, BACONCO CO., LTD., BIO-FLORA (SINGAPORE) PTE LTD., CROPAGRO.COM, CROPMATE FERTILIZERS SDN BHD, PT. JADI MAS, PT PUPUK KALIMANTAN TIMUR AND SUBSIDIARIES, PT. TRIDHARMA TATA PERKASA, SONGGIANH CORPORATION, THAI CENTRAL CHEMICAL PUBLIC COMPANY LIMITED |
Loading Table Of Content...
organic fertilizers market is consolidated in nature, and is expected to grow at significant rate during the forecast period. This is attributed to rise in awareness toward harmful effects of chemical fertilizers on human health and environment. In addition, governments across the globe region are advocating the use of organic fertilizers and are offering subsidies on these fertilizers’ ton promote organic farming. Moreover, rise in international market for organic food has opened export & trade opportunities for the region. However, climatic changes resulting into decreased yield restrain the market growth, as farmers opt for chemical fertilizers for instant results. The market growth for organic fertilizers is expected to grow at notable pace, as many governments are working on action plans with targets to achieve organic farming and contribute toward environment-friendly methods by reducing land pollution.
A. The total market size of Organic Fertilizers Market is $8.3 billion in 2020 and is anticipated to generate $15.9 billion by 2030.
A. Alpha BioGreen, Bio-Flora (Singapore) PTE Ltd., Baconco Co., Ltd., Cropagro, Cropmate Fertilizers Sdn Bhd, PT. Jadi Mas - Fertilizers Factory, PT Pupuk Kaltim, Revisoil, are the emerging players in the industry.
A. Fertilizers that have presence of organic substance more than 60% such as crab waste and poultry waste are the major area of development in the industry.
A. Oilseeds & pulses, cereals & grains, and fruits & vegetables industry is projected to increase demand for organic fertilizers market.
A. Organic fertilizers market is driven by increased demand for organic food, especially from Europe region that majorly imports organic food products from Asian Countries. The need for preventing the spread and infection has driven the demand for organic fertilizers further fostering the market growth.
A. The most influencing segment is dry fertilizers based on form of the product.
A. Asia-Pacific holds the maximum market share of the Organic Fertilizers market.
A. Increased demand for organic food, subsidies on organic fertilizers, and government initiatives to support promote organic farming are expected to drive the adoption of organic fertilizers.
Start reading instantly.
This Report and over 19,603+ more Reports, Available with Avenue Library. T&C*.
Enterprise
License/PDF
Library
Membership
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Get Industry Data AlertsTo ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers