Organic Fertilizers Market Forecasts to 2028 – Global Analysis By Source (Animal-based Organic Fertilizers, Plant-based Organic Fertilizers, Mineral-based Organic Fertilizers and Other Organic Fertilizers), Crop Type (Cereals & Grains, Fruits & Vegetables

Organic Fertilizers Market Forecasts to 2028 – Global Analysis By Source (Animal-based Organic Fertilizers, Plant-based Organic Fertilizers, Mineral-based Organic Fertilizers and Other Organic Fertilizers), Crop Type (Cereals & Grains, Fruits & Vegetables, Oilseeds & Pulses, Turf & Ornaments and Other Crops), Form (Dry Organic Fertilizers and Liquid Organic Fertilizers), Application (Broadcasting, Fertigation, Foliar Spray and Other Applications) and By Geography

According tStratistics MRC, the Global Organic Fertilizers Market is accounted for $9.6 billion in 2022 and is expected treach $15.2 billion by 2028 growing at a CAGR of 7.9% during the forecast period. Agricultural waste, animal waste, earthworm castings, and cow manure are some examples of the materials or sources used tmake organic fertilizer. Water retention benefits from organic fertilizers. By becoming gaseous and loosening the soil's hold sthat plant roots can access air, organic fertilizers alscontribute tthe soil's overall lightening. In addition tbeing good for the health of the soil, they prevent salt buildup. They are nutrient-rich and kind tthe environment, organic fertilizers. As people become more conscious of the effects of chemical fertilizers, organic fertilizers are being adopted at a rapid rate. The market for organic fertilizer will likely be driven in the coming years by rising consumer demand for and adoption of environmentally friendly agricultural products. Furthermore, the market growth for organic fertilizers is being positively impacted by the escalating environmental concerns regarding sustainability, carbon footprints, and emission intensities.

According tthe Ministry of Agriculture & Farmer's Welfare, India produced 33.42 million tonnes of oilseeds in 2019–20, 1.90 million tonnes more than the 31.52 million tonnes produced in 2018–19. The global market for organic fertilizers will thus continue tbe driven by the use of organic fertilizers in agriculture.

Market Dynamics:

Driver:

Increasing awareness regarding environmental safety

Globally, it has become customary tuse chemical fertilizers tincrease agricultural production. Overuse of chemical fertilizers contaminates the soil and the water. Tincrease agricultural production, organic fertilizers are made with natural plant waste and residue, animal manures and excrement, microorganisms, and botanical extracts. Organic fertilizers quickly break down without harming the surface or groundwater, making them less dangerous tlife. These fertilizers enhance soil structure, last a very long time, and have a higher capacity thold water and nutrients. Sthe demand for organic fertilizers is increased by factors like the growing need tincrease agricultural production and awareness of the negative effects of chemical inputs and the positive effects of organic fertilizers.

Restraint:

Lack of knowledge among farmers and less nutrients

In the short term, organic fertilizers are used, but healthy soil has a lower cost-benefit ratio. Apart from a few biofertilizers, organic fertilizers are alsbigger and heavier than chemical fertilizers. In consequence, the total nutrients derived from a unit quantity of organic fertilizers are much lower than those derived from chemical fertilizers. Moreover, farmers in developing and underdeveloped countries face a significant barrier due ttheir ignorance of organic fertilizers.

Opportunity:

Growing demand for organic farming

As environmental concerns such as the overuse of chemical fertilizers and pesticides have left the land arid, many businesses are switching torganic farming and cost-cutting measures in the agricultural sector, which is fueling demand globally. Many companies have shifted tusing plant-based fertilizers as a result of strict regulations on conventional fertilizers and worries that using chemical fertilizers will leave the land barren. India's exports of agricultural goods are anticipated tsurpass US$50 billion in the fiscal year FY22, according tthe Ministry of Commerce. The industry for organic fertilizers will therefore continue tgrow due tthe use of plant-based fertilizers in agriculture.

Threat:

Availability of substitutes

The growth of the market for organic fertilizers will be hampered by the availability of substitute products or potential replacement products like chemical fertilizers or synthetic fertilizers in a particular market segment. Buyers will attempt tnegotiate lower prices while putting a higher emphasis on quality and service. The cost of organic fertilizer equipment will be transparent. The demands and rivalry of rivals will all result in a loss of profit for the equipment supplier of organic fertilizer. Additionally, this fertilizer's high cost has restricted its use in large-scale agricultural production, such as the production of commodity crops. Over the forecast period, this is expected tlimit the market expansion of organic fertilizers.

Covid-19 Impact

The organic fertilizers market faced significant challenges in 2020 as a result of the COVID-19 pandemic. In contrast tother industries, the market for organic fertilizers had a detrimental effect on overall growth. The production and distribution of fertilizers are expected tbe significantly impacted by the COVID-19 outbreak. Disruptions in logistics are occurring in many parts of the world, which has an effect on a variety of industries, including agriculture and others. Due tsudden restrictions placed on the purchase of these products during the coronavirus (Covid-19) Pandemic, prices of organic fertilizer products have started tdecline globally along with the decline in demand. As a result, the decline in demand in the agricultural sector is thought tbe impeding the development of the organic fertilizers market.

The Dry organic fertilizers segment is expected tbe the largest during the forecast period

During the forecast period, Dry organic fertilizers segment is expected twitness the largest market share. The growing use of dry organic fertilizers for lawn and garden applications, their long-lasting effects, their high efficacy in all climatic conditions, and their widespread and simple availability of raw materials are all factors that contribute tthis segment's largest market share.

The Cereals & Grains segment is expected thave the highest CAGR during the forecast period

The cereals and grains segment is anticipated texperience highest CAGR during the forecast period. Both crop yield and quality are positively impacted by the product. It increases resistance theat, drought, cold, and fertilizers high in nitrogen. Additionally, it strengthens the cationic bonds in the soil, which helps plant roots penetrate the soil more deeply. Moreover, huge tracts of land are being used for the cultivation of organic cereals and grains, and demand for these products is rising, which is responsible for the high growth of this market.

Region with largest share:

The Asia-Pacific region is predicted thold the largest market share for organic fertilizers over the forecast period. The significant market share of this region is due trising health consciousness, extensive organic farming, rapid population and income growth, increased mechanization and irrigation infrastructure, and the presence of numerous organic operators. Moreover, the development of the organic fertilizers market in this region is alssupported by favorable government policies and initiatives by other organizations for the promotion and expansion of the organics industry.

Region with highest CAGR:

During the forecast period, North America is anticipated tgrow at the highest CAGR. The rapid expansion of this market is attributed tthe organics industry's growth as a result of rising consumer health consciousness, an expanding population and rising demand for organic products, steadily expanding organic farming areas, and government support as well as initiatives by other organizations and associations tadvance organic agriculture and related industries throughout the region.

Key players in the market

Some of the key players profiled in the Organic Fertilizers Market include Agrocare Canada, BiNature Technology PTE, Biofosfatos dBrasil, Biostar Organics, California Organic Fertilizers, Coromandel, CropAgro, Fertikal, Italpollina, Kribhco, Krishak Bharati, Midwestern Bioag, Multiplex Group, National Fertilizers, Nature Safe, Perfect Blend, Scotts Miracle-Gro, Sustane Natural Fertilizer, Tata Chemicals, Uniflor and Walt's Organic Fertilizer.

Key Developments:

In march 2021, Haifa Group signed an agreement with AgrIOT. According tthe agreement with AgriOT, Haifa will invest in AgrIOT for around $2M against nearly 30% of the company and alsin global exclusive distribution rights.

In January 2020, ChemChina and Sinochem have announced a mega-merger of their agricultural assets inta new holding company tbe called Syngenta Group. Syngenta Group will acquire major agricultural assets from Sinochem according tthe announcement.

In 2019, Biostar Organics, part of BioStar Renewables, announced the commissioning of its first OMRI-listed, SuperSix organic liquid fertilizer plant, located in Othello, WA. In collaboration with Sheboygan Falls.

Sources Covered:
• Animal-based Organic Fertilizers
• Plant-based Organic Fertilizers
• Mineral-based Organic Fertilizers
• Other Organic Fertilizers

Crop Types Covered:
• Cereals & Grains
• Fruits & Vegetables
• Oilseeds & Pulses
• Turf & Ornaments
• Other Crops

Forms Covered:
• Dry Organic Fertilizers
• Liquid Organic Fertilizers

Applications Covered:
• Broadcasting
• Fertigation
• Foliar Spray
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements