North America Organic Fertilizers Market Forecast 2023-2032

North America Organic Fertilizers Market Forecast 2023-2032

KEY FINDINGS

The North America organic fertilizers market is expected to record a CAGR of 7.22% during the forecast period, 2023-2032. The organic industry is notably among the most rapidly expanding agricultural segments in the United States. Also, the region constitutes around 5% of the total global organic agricultural land.

MARKET INSIGHTS

The United States and Canada are assessed for the North America organic fertilizers market growth evaluation. The Canadian organic fertilizer market has been undergoing noteworthy expansion alongside the growth of organic farmland and the rising sales of organic food and beverages. Over the course of 2020, the organic acreage in Canada grew by 19%, exceeding 3.5 million acres or almost 1.5 million hectares. This area constituted 2.4% of the nation's total farmland, showcasing a robust dedication to organic farming practices within Canada.

In a similar vein, organic food and beverage transactions in Canada observed a substantial upswing, achieving 6.5 billion Canadian dollars (4.3 billion euros) in 2020. This marks an approximate 33% increase compared to sales documented in 2017. Across North America at large, more than 3.7 million hectares of farmland were under organic management during the year 2020. Specifically, for Canada, the reported organic grassland and grazing area encompassed nearly 915,000 hectares within this regional context.

COMPETITIVE INSIGHTS

Some of the prominent companies in the market are True Organic Product List Inc, The Scotts Miracle-Gro Company, Nature Safe, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations.
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments