Organic Fertilizers Market Analysis | 2022-2028

Market Insights

The organic fertilizers market was estimated at USD 8.4 billion in 2021 and is likely to grow at a CAGR of 5.1% during 2022-2028 to reach USD 12.9 billion in 2028. 

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Market Dynamics

Introduction

Organic fertilizers are natural fertilizers made from organic materials, such as animal waste, plant residues, and compost. They provide plants with the necessary nutrients, such as nitrogen, phosphorus, and potassium, in a slow-release form that plants more easily absorb. Organic fertilizers also help to improve soil health and structure by increasing soil organic matter, promoting microbial activity, and enhancing soil water-holding capacity.

Market Drivers

Farmers are faced with increasing pressures to increase area coverage and yields per cultivation because there is limited agricultural land available for farming. For a growing world population, ensuring food security is further encapsulated therein. Farmers are supposed to improve the use of resources in operating and increasing agricultural outputs. A major approach to enhancing farm production is improving the quality of the soil. Soil quality has an important impact on crop management practices and crop yields. Good-quality soil has several benefits, including increased microbiological activity, improved water-holding capacity, and higher nutrient levels. All of these factors are essential for better crop yields and promoting effective plant establishment.

Most of the governments understand the importance of the agriculture sector and are in a bid to promote it. They support farmers through a variety of mechanisms, interventions, and programs. One such strategy is the encouragement of farmers to participate in international agricultural fairs and exhibitions. These events provide an opportunity for farmers to market their products and learn from the best practices of different countries. The emphasis on the enhancement of agricultural products, which are aimed at global markets, has a big bearing on the organic fertilizer market. Organic fertilizers are of great importance to increase the levels of nutrients.

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Key Players

The market for organic fertilizers is divided among major global and local players. Companies are utilizing strategies such as partnering with government organizations, expanding their market presence, and innovating their product offerings to stay competitive in the market. The following are the key players in the Organic Fertilizers Market (arranged alphabetically)

• Agrocare Canada
• Biolchim S.p.A.
• California Organic Fertilizers, Inc.
• Coromandel International Limited
• Fertikal NV
• Fertoz Ltd.
• FertPro Manufacturing Pty Ltd.
• Hello Nature International Srl
• ILSA SpA
• Karnataka Agro Chemicals
• Midwestern BioAg
• National Fertilizers Limited
• Other Prominent Players
• Perfect Blend, LLC
• Queensland Organics
• Scotts Miracle-Gro Company
• SPIC Ltd
• Suståne Natural Fertilizer, Inc.
• Tata Chemicals Ltd.

Note: The above list does not necessarily include all the top players in the market.

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Segment Analysis

By Form Type

"Dry-type segment is expected to continue to grow during the forecast period."

Dry-type organic fertilizers are usually made from organic materials such as animal waste, plant matter, and other organic sources. They provide numerous benefits, such as improving soil quality, enhancing plant growth and yield, and reducing environmental pollution. The scope of dry-type organic fertilizers includes their use in various applications, such as agriculture, horticulture, turf management, and landscaping. They are suitable for a wide range of crops and can be used for both indoor and outdoor plant cultivation.

Additionally, dry-type organic fertilizers can be customized based on specific crop requirements and soil conditions, making them a versatile option for farmers and gardeners. As the demand for sustainable and eco-friendly farming practices increases, the use of dry-type organic fertilizers is expected to continue to grow.

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By Crop Type

"The cereal-based segment will record the highest growth rate during the forecast period."

The cereal-based segment will record the highest growth rate during the forecast period. The use of organic fertilizers can help to reduce the environmental impact of cereal production. Organic fertilizers are typically made from natural and renewable sources, such as plant and animal waste, which are less likely to contribute to soil and water pollution. In contrast, synthetic fertilizers can cause pollution and have negative impacts on soil health and biodiversity.Overall, the use of organic fertilizers in cereal production has the potential to improve the sustainability of agriculture while promoting healthy and nutritious food production.

Regional  Analysis

"Asia-Pacific is expected to remain the largest market for organic fertilizers during the forecast period."

Asia-Pacific is expected to remain the largest market for organic fertilizers during the forecast period. The scope of organic fertilizers in the Asia-Pacific is vast, as the region is home to some of the world's largest agricultural economies, including China, India, and Indonesia. In recent years, there has been a growing demand for organic fertilizers in the region due to increased awareness about the harmful effects of synthetic fertilizers on the environment and human health.

The adoption of organic farming practices is also being driven by government initiatives and policies aimed at promoting sustainable agriculture and reducing the use of synthetic fertilizers and pesticides. For instance, India has implemented a national program for organic production to encourage the use of organic fertilizers and promote organic farming.

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Recent Developments

In October 2022, ACI Biolife Fertilizer and the Bangladesh Institute of Nuclear Agriculture (BINA) inked an MoU for Biofertilizer, i.e., Trichoderma development and testing.

In September 2022, Corteva Agriscience acquired Symborg, an expert in microbiological technologies based in Murcia, Spain.

In March 2022, Rizobacter expanded and commercialized its products to other African countries apart from South Africa, including Malawi, Zambia, Nigeria, Ghana, Uganda, Kenya, Sierra Leone, and Tanzania.

In August 2021, Harsco Environmental launched its new line of ORGANO-CAT® organic fertilizers. These fertilizers are made from recycled organic waste and are designed to improve soil health and promote plant growth.

In September 2021, Humic Growth Solutions launched its new line of Huma Gro® organic fertilizers. These fertilizers are made from plant extracts designed to enhance soil biology and plant nutrition.

In December 2021, BioStar Renewables launched its new line of organic fertilizers called BioFert. These fertilizers are made from plant-based materials designed to improve soil health and plant growth.

Research Methodology

• This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s organic fertilizers market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market, covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The organic fertilizers market is segmented into the following categories:

By Raw Material Type

• Plant-based Fertilizers [Green Manure, Seaweed Extract, and others]
• Animal-based Fertilizers [Blood Meal, Animal Manure, Bone Meal, and Others]

By Crop Type

• Cereal & Grains [Wheat, Maize/ Corn, Rice, and Other Cereals & Grains]
• Oilseeds & Pulses
• Fruits & Vegetables
• Turf and Ornaments
• Others

By Form Type

• Dry [Granular Organic Fertilizers, Organic Fertilizer Pellets, Organic Fertilizer Powders, and other Dry Organic Fertilizers]
• Liquid
• Others

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, India, Australia, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Saudi Arabia, Brazil, and Others)

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@Stratviewresearch.com.