Meticulous Research® – a leading global market research company, published a research report titled, ‘Organic Fertilizers Market by Source (Animal, Plant, Minerals), Form (Dry, Liquid), Method of Application (Broadcasting, Fertigation, Foliar Application), Crop Type (Cereals & Grains, Fruits & Vegetables, Oilseeds & Pulses), and Geography - Global Forecast to 2029.’
According to this latest publication from Meticulous Research®, the global organic fertilizers market is expected to grow at a CAGR of 12.1% during the forecast period to reach $19.88 billion by 2029. Also, in terms of volume, the global organic fertilizers market is expected to grow at a CAGR of 7.8% during the forecast period to reach 51,410.9 KT by 2029.
Factors such as increasing demand for organic food and awareness about environmental safety due to the use of organic fertilizers are driving the growth of this market. However, the high demand for inorganic (synthetic) fertilizers and challenges to new entrants and small companies restrain the growth of the market to some extent. Moreover, the high availability of organic waste and advancements in the organic fertilizers manufacturing process is creating opportunities for this market.
The global organic fertilizers market study presents historical market data in terms of value and volume (2020 and 2021), estimated current data (2022), and forecasts for 2029. The market is segmented based on source, form, method of application, crop type, and geography. The study also evaluates industry competitors and analyses the market at regional and country levels.
Based on source, in 2022, the animal-based organic fertilizers segment is estimated to account for the largest share of the global organic fertilizers market. This market segment is expected to grow at the fastest CAGR during the forecast period. The high growth of this segment is attributed to the high nutritional value, quick action & response, low quantity requirements, and easy and abundant availability of animal waste. Animal-based organic fertilizers are further segmented into blood meal, manure, bone meal, and other by-products. The blood meal segment is estimated to dominate the market for animal-based organic fertilizers in 2022 as it has >14% content of nitrogen and micronutrients such as zinc, copper, and boron.
Based on form, in 2022, the dry organic fertilizers segment is estimated to account for the largest share of the global organic fertilizers market. The large market share of this segment is attributed to its higher adoption in lawns & gardens, long-lasting effect, high efficiency in all climatic conditions, and high & easy availability of raw materials. However, the liquid organic fertilizers segment is expected to witness rapid growth during the forecast period due to its high efficiency, uniform application, high absorbability, and easy & cost-effective process. Moreover, the high adoption of liquid organic fertilizers in water-stressed areas supports the growth of this segment.
Based on method of application, in 2022, the broadcasting segment is estimated to account for the largest share of the organic fertilizers market. The large market share of this segment is attributed to the increasing implementation of modern irrigation systems, advantages of the fertigation method such as easy & safe application, maximum absorbability with minimum wastage of fertilizers, high efficiency, and its high adoption in organic orchard applications. However, the fertigation segment is expected to grow at the fastest CAGR during the forecast period.
Based on crop type, in 2022, the cereals & grains segment is estimated to account for the largest share of the organic fertilizers market. The large market share of this segment is attributed to the increasing demand for organic cereals & grains and the huge area under the organic cereals & grains cultivation.
This research report analyzes and provides a comprehensive analysis of the major geographies: North America (U.S. and Canada), Europe (Spain, Italy, France, Germany, and Rest of Europe), Asia-Pacific (Australia, China, India, Japan, and Rest of Asia-Pacific), Latin America (Argentina, Uruguay, Brazil, Mexico, and Rest of Latin America) and the Middle East & Africa.
Asia-Pacific is estimated to account for the largest share of the organic fertilizers market in 2022, followed by Europe and Latin America. However, North America is expected to register the fastest CAGR during the forecast period. The high growth of this market is attributed to the rising growth of the organics sector due to increasing health awareness among the consumers, growing population and rising demand for organic products, continuously growing areas under organic cultivation, and government support and initiatives by other organizations and associations to promote organic agriculture and allied sectors across the region.
The major players operating in the global organic fertilizers market include Hello Nature International Srl (Italy), Karnataka Agro Chemicals (Multiplex Group) (India), Coromandel International Limited (India), Midwestern BioAg (U.S.), Perfect Blend, LLC (U.S.), California Organic Fertilizers, Inc. (U.S.), Biolchim S.p.A. (Italy), Queensland Organics (Australia), FertPro Manufacturing Pty Ltd. (Australia), National Fertilizers Limited (India), SPIC Ltd (India), Fertoz Ltd. (Australia), ScottsMiracleGro Company (U.S.), Suståne Natural Fertilizer, Inc. (Australia), and Fertikal NV (Belgium).
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