Organic Fertilizers Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Organic Fertilizers Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

The United States is witnessing a surge in the consumption of organic food, with sales reaching US$ 56.4 billion in 2020, showing a remarkable growth rate of 12.8% compared to 2018, according to the Organic Trade Association (OTA). The COVID-19 pandemic further accelerated this trend as consumers shifted towards home-cooked healthy organic food, leading to an unprecedented increase in the use of organic fertilizers. As a result, the organic fertilizers market in the US is poised to witness significant growth in the coming years.

Environment-Friendly Strategies and R&D Boost Organic Fertilizers Sales
Regulatory authorities are increasingly emphasizing environment-friendly practices in the agriculture domain. For instance, Japan's Agriculture, Forestry and Fisheries Ministry has set a goal to reduce the usage of pesticides and other chemicals by half by the end of 2050, promoting eco-friendly approaches in the agriculture industry. Additionally, research and development in the organic fertilizer domain are expected to create opportunities for manufacturers. Collaborations between organizations, such as the agreement signed between JK Lake & Waterways Authority, CEF Group, and the National Agricultural Cooperative Marketing Federation of India, to produce organic fertilizers from weeds in Dal Lake, are likely to drive sales of organic fertilizers.

Europe's Push Towards Sustainable Farming Boosts Organic Fertilizers Market
The European Union (EU) has revamped rules on the use of fertilizers to encourage sustainable agriculture. Farmers are increasingly opting for organic fertilizers as they have a positive impact on the soil and environment compared to traditional fertilizers made from chemicals. With the growing awareness and demand for food due to the rising population, EU farmers are embracing organic fertilizers to enhance agricultural productivity. The EU has now allowed organic fertilizers to have CE marking, enabling their free movement, marketing, and sale across all EU states, further driving the demand for organic fertilizers in Europe.

Indian Market Sees Potential Boost in Organic Fertilizers
India, being an agricultural powerhouse, is witnessing a shift towards organic farming. The government's initiatives and incentives to promote organic farming are likely to boost the sales of organic fertilizers in several states. The focus on sustainable agriculture and the global trend of going organic are further driving the demand for organic fertilizers in the country. India's efforts to support neighboring countries, like Sri Lanka, with organic fertilizers are expected to bolster the morale of manufacturers in the Indian market.

Strategic Alliances and M&A Propel the Organic Fertilizers Market
Key players in the organic fertilizers market are actively engaging in strategic alliances and mergers & acquisitions. For instance, in 2019, Perdue Farms and Bioenergy DevCo formed a partnership to acquire an organic fertilizers processing facility, aiming to supply organic fertilizers. Companies like Biostar Renewables, Sustane Natural Fertilizer Inc., True Organic Products LLC, Coromandel International Limited, Nature Safe, National Fertilizers Limited, and Italpollina SpA are some of the prominent players operating in the organic fertilizers market.

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