United States Organic Fertilizers Market - Growth, Trends, and Forecast (2022 - 2027)
The US organic fertilizer market is projected to witness a CAGR of 6.% over the forecast period, 2020-2025.
Key HighlightsThe total consumption of organic fertilizers in California was 100,686 metric tons in 2018. Strawberry is one of the major crops grown in organic farming in the state. There are around 300 organic strawberry growers in five distinct areas of California, namely Watsonville/Salinas, Santa Maria, Oxnard, Orange County/San Diego, and the Central Valley. California is a major market for organic farm inputs, the expanding area under cultivation for organic strawberries in California provides an opportunity for the players in the industry to enter into the market. Additionally, a lack of proper definition for organic fertilizers reduces the entry barrier helping the new entrants to enter the market.
Increasing demand for organic productsAccording to the Research Institute of Organic Agriculture, the area under certified organic farms in the United States increased from 2,031,318 ha in 2017 to 2,023,430 ha in 2018. The increasing demand for organic food in the country is leading to a supply-demand gap in the country, making the US one of the major importer of organic products. This will lead to an increase in area under organic cultivation in the country which in turn affects the organic fertilizer market.
Competitive LandscapeThe US organic fertilizers market is moderately fragmented, with a large number of domestic companies occupying most of the market share in the country. Most of the players in the market have developed a solid agreement with distributors to cater to the end-users, where as few companies such as Agrinos have their own distribution networks, thus increasing their revenues by distributing products of independent manufacturers.
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