At A CAGR of 6.9%, Organic Fertilizers Market Is Anticipated To Reach At A Valuation Of USD 6.3 Billion By The End Of 2024 (With Impact Analysis of COVID-19 on Global Market)


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Kenneth Research

Jun 08, 2020, 14:52 EST


New York, United States, Jun 08, 2020, 14:52 /Comserve / -- The global organic fertilizer market is expected to flourish at a CAGR of 6.9% during the forecast period. Further, the global organic fertilizer market is anticipated to reach at a valuation of USD 6.3 Billion by the end of 2024.

Organic fertilizers are made from vegetable matter, animal manure, human manure and animal matter. Organic fertilizers enrich the soil, plants and it also benefits the insects. These fertilizers are sustainable, perishable and environment friendly. Farmers are adopting organic fertilizers due to their low cost and healthy long lasting impact on soil. Apart from acting as a fertilizer to the plants, organic fertilizer also conditions the soil.

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Market Size & Forecast

The global organic fertilizer market is expected to flourish at a CAGR of 6.9% during the forecast period. Further, the global organic fertilizers market is anticipated to reach at a valuation of USD 6.3 Billion by the end of 2024 from USD 3.1 Billion in 2016. Rising awareness about the long term benefit of organic farming and increasing adoption of eco-friendly products is anticipated to drive the growth of the global organic fertilizers market.

In the regional platform, Europe captured the largest share in overall global organic fertilizer market in 2016. This can be attributed to the rising consumer willingness to pay for organic fertilizers. Further, presence of stringent government regulations limiting the use of chemical fertilizers is anticipated to fuel the demand for organic fertilizers in the European region.

Asia Pacific market of organic fertilizers is estimated to be the fastest growing market across the globe due to high availability of raw materials. Further, favorable government subsidy policies are envisioned to bolster the growth of organic fertilizers market in Asia Pacific region.

On the basis of product type, global organic fertilizers are segmented into peat based, manure based and others. Manure based organic fertilizers dominated the overall organic fertilizers market in 2016 and is expected to continue its dominance during the forecast period. High availability of livestock manure is expected to be the key factor behind the growth of manure based organic fertilizers market across the globe.

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Key players

Italpollina SpA
Company Overview
Key Product Offerings
Business Strategy
SWOT Analysis
Financials
Fertikal N.V.
Multiplex Group
Gujarat Bio Organics Pvt. Ltd.
Walt’s Organic Fertilizer
BioSTAR Organics
California Organic Fertilizers
Madras Fertilizers Limited
ScottsMiracle-Gro

Market Segmentation

Our in-depth analysis segmented the global organic fertilizers market in the following segments:

By Source

Plant
Animal
By Product Type

Peat Based
Manure Based
Others
By Application

Cereals & Grains
Oilseeds & Pulses
Fruits & Vegetables
Others
By Region

Global organic fertilizers market is further classified on the basis of region as follows:

North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

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Growth Drivers and Challenges

Organic food industry has witnessed augmented demand for organic foods among consumers in recent years. This can be attributed to various benefits of organic farming such as safety from pesticides and chemicals. This rising demand for organic foods is fostering the growth of global organic fertilizers market.

Rise in demand and adoption of environment friendly agricultural products is expected to drive the global organic fertilizers market. Apart from this, rapid development of new organic fertilizer producing high yield crops is also envisioned to bolster the growth of global organic fertilizers market. Further, increasing farm area under organic cultivation is expected to garner the growth of global organic fertilizers market. Moreover, government is encouraging the adoption of organic fertilizers in various nations. Apart from this, government has launched incentive and reimbursement programs. This factor is expected to positively impact the growth of the global organic fertilizers market.

In contrast, lack of awareness about the benefits of organic fertilizers among farmers is expected to hamper the growth of global organic fertilizers market during the forecast period. Moreover, high adoption rate of chemical fertilizers over organic fertilizers is restraining the development of global organic fertilizers market.

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WHAT IS THE SCOPE OF THE REPORT WITH IMPACT OF COVID-19?

This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

WHICH MARKET DYNAMICS AFFECTS THE BUSINESS DURING COVID-19?

The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.

  • Key Topic Covered in this Report
  • Market Growth Opportunities
  • Leading Market Players
  • Market Size and Growth Rate
  • Market Growth Drivers
  • Company Market Share
  • Market Trends and Technological Innovations
  • Impact Analysis of COVID-19 (CORONA Pandemic) on Global Market

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