Organic Fertilizers Market to Reach $17.5 Billion, Globally, by 2032 at 6.1% CAGR: Allied Market Research

News provided by

Oct 25, 2023, 07:11 ET

WILMINGTON, Del., Oct. 25, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Organic Fertilizers Market by Source (Plant, Animal, and Minerals), by Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others), by Form (Dry and Liquid), and by Nutrient Content (Presence of Organic Substance up to 60%, Presence of Organic Substance from 40% to 60%, and Presence of Organic Substance from 20% to 40%): Global Opportunity Analysis and Industry Forecast, 2023-2032." According to the report, the global organic fertilizers industry generated $9.6 billion in 2022 and is estimated to reach $17.5 billion by 2032, exhibiting a CAGR of 6.1% from 2023 to 2032.

Organic fertilizer is a natural substance or material used to enrich the soil's nutrient content, thereby promoting plant growth and improving soil fertility. Organic fertilizers are sourced from organic sources, such as plant or animal materials, and provide essential plant nutrients in a gradual, sustainable manner. Organic fertilizers are often favored for their ability to improve soil structure, increase microbial activity, and reduce the risk of soil and water pollution compared to synthetic or chemical fertilizers. These organic fertilizers include compost, manure, bone meal, fish emulsion, and various plant-based materials like seaweed or kelp. These materials release nutrients gradually as they decompose, feeding plants over time and improving the overall health of the soil. Organic fertilizers are a key component of organic farming practices, as they align with the principles of sustainability and environmental responsibility.

Download Sample Pages of Research Overview: https://www.alliedmarketresearch.com/request-sample/14905

Prime Determinants of Growth:

The global organic fertilizers market is experiencing significant growth due to farmers' increased focus on agricultural expansion in terms of productivity, and agriculture is a major contributor to the economy. On the other hand, the climatic challenges affecting farming activities restrict market growth to some extent. Moreover, the rise in demand for organic fertilizers creates lucrative opportunities for market growth in the coming years.

Report Coverage & Details:

Report Coverage	Details
Forecast Period	2023–2032
Base Year	2022
Market Size in 2021	$9.6 Billion
Market Size in 2031	$17.5 Billion
CAGR	6.1 %
No. of Pages in Report	413
Segments Covered	Source, Crop Type, Nutrient Content, Form, and Region
Drivers	farmers' increased focus on agricultural expansion in terms of productivity
Drivers	Agriculture is a major contributor to the economy
Opportunities	Rise in demand for organic fertilizers
Restraints	The climatic challenges affecting farming activities

The animal segment is projected to maintain its dominance throughout the forecast period-

By source, the animal segment held the highest market share in 2022, accounting for nearly half of the global organic fertilizers market revenue and is expected to maintain its dominance throughout the forecast period. Animal organic fertilizers play a crucial role in organic agriculture, contributing to market growth. It is mixed with respect to specific crop varieties, soil types, and environmental considerations. Crop performance and nutrient management are improved by these adjustments. On the other hand, the mineral segment would display the fastest CAGR of 6.5% during the projection years. Mineral fertilizers are produced from materials mined from naturally occurring nutrient deposits or from the fixation of nitrogen from the atmosphere into plant-available forms.

Procure Complete Report (413 Pages PDF with Insights, Charts, Tables, and Figures) @ https://bit.ly/3SdZ8JV

The cereals and grains segment to maintain its lead position during the forecast period-

By crop type, the cereals & grains segment held the highest market share in 2022, contributing to nearly three-fifths of the global organic fertilizers market revenue, and is expected to maintain its lead position during the forecast period. As the consumption of cereals and grains is in large quantities, healthy and large-quantity production is also a must to maintain the demand and supply chain. However, the fruits and vegetables segment would cite the fastest CAGR of 6.5% during the forecast timeframe. Consumers are increasingly focused on health and wellness, leading to a higher demand for fresh fruits and vegetables. There is a preference for minimally processed organic, and locally sourced produce.

The presence of organic substance from 20% to 40% segment to rule the roost by 2032-

Based on nutrient content, the presence of organic substance from 20% to 40% segment held the highest market share in 2022, garnering nearly half of the global organic fertilizers market revenue, and is projected to rule the roost by 2032. The fertilizers that contain organic substances from 20% to 40% are obtained from alfalfa, animal tankage, cocoa shell, composts, cottonseed, fish meal, and manure. These sources contain less than 20% organic substances required by crops for proper nutrients. Furthermore, the presence of organic substances up to 60% segment would exhibit the fastest CAGR of 6.4% from 2023 to 2032. This is because they help in overcoming mineral deficiency in the soil and aiding the crop for optimal production. Many organic fertilizers are used for farming, such as manure, worm castings, peat, and dung.

Asia-Pacific region garnered major market share by 2032-

Based on region, the Asia-Pacific region held the highest market share in 2022, garnering nearly three-fifths of the global organic fertilizers market revenue, and is likely to dominate the market by 2032. The same segment would also portray the fastest CAGR of 6.3% during the forecast timeframe. This is due to the growth of the Asia-Pacific fertilizer industries, the rising food demand brought on by population expansion, bettering farming techniques, and government measures to increase agricultural output.

Leading Market Players: -

Tata Chemicals Limited.
The Scotts Miracle-Gro Company
KRIBHCO
Hello Nature International
Sustane Natural Fertilizer Inc.
True Organic Products Inc.
California Organic Fertilizers Inc.
BioSTAR Renewables
ILSA S.p.A
Coromandel International Limited.

The report provides a detailed analysis of these key players in the global organic fertilizers market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

Want to Access the Statistical Data and Graphs, Key Players' Strategies: https://www.alliedmarketresearch.com/organic-fertilizers-market/purchase-options

Fertilizer Additives Market: Global Opportunity Analysis and Industry Forecast, 2021-2030

Sulfur Fertilizers Market: Global Opportunity Analysis and Industry Forecast, 2019-2026

South East Asia Organic Fertilizers Market: Opportunity Analysis and Industry Forecast, 2020-2027

Fertilizer Market: Global Opportunity Analysis and Industry Forecast, 2021-2030

Controlled Release Fertilizers Granules Market: Global Opportunity Analysis and Industry Forecast, 2021-2031

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
[email protected]
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Blog: https://www.newsguards.com/
Follow Us on | Facebook | LinkedIn | YouTube |