According to MarketsandMarkets analysis, the organic fertilizers market is projected to reach USD 12 billion by 2025, from an estimated value of USD 6.3 billion in 2019, at a CAGR of 12.1% from 2019 to 2025. The increasing demand for organic nutrients used during the cultivation in the processed food & beverage industry drives the organic fertilizers market.
Organic cultivation requires the utilization of only naturally sourced organic fertilizers, including manure, compost, vermicompost, bone meal, feather meal, and blood meal. According to the Organic Trade Association, the growing trend of organic food consumption around the world, stood at over USD 84 billion in 2015, which in turn brought more agricultural land area under such cultivation. According to MarketsandMarkets analysis, these factors drive the organic fertilizers market. This trend has brought more agricultural land area under such cultivation.
Ease of availability and high application on different crops are responsible for the market dominance of animal-based fertilizers
Organic fertilizers are non-chemical fertilizers that are sourced from plants, animals, and minerals. According to MarketsandMarkets analysis, animal-based organic fertilizers dominated the market in 2018 due to the ample availability of raw material and comparatively low cost of the end-product. Animal-based fertilizers contain all three essential nutrients such as nitrogen, phosphorus, and potassium, which play important role in plant growth and development. Animal manures, blood meal, bone meal, and fish byproducts are some of the animal-based fertilizers that provide nutrition to plant.
Fruits and vegetables segment is projected to witness a higher demand during the forecast period.
Increasing concerns regarding health and environment drives the demand for organically produced fruits & vegetables. Moreover, consumers in developed regions are willing to pay higher price for organically produced agricultural products as organic foods have less residue of pesticides and high nutritive value. The demand for organic fruits & vegetables has been growing significantly due to the increased production and growing global consumption. Thus, the application of organic fertilizers holds strong demand among fruit & vegetable growers as they need to produce more in the limited organically certified land area.
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According to MarketsandMarkets analysis, Europe is projected to dominate the market in 2025, while Asia Pacific is projected to be the fastest-growing market for organic fertilizers through 2025.
The increasing demand for organic products, farmers’ preference towards organic cropping owing to favorable pricing of products, and growing agricultural land area under organic cultivation has boosted the organic fertilizers market in the European region. Spain is the major country in the region, in terms of consumption of organic fertilizers, in 2018.
This report includes a study of development strategies, along with the product portfolios of leading companies. It also includes the profiles of leading companies such as Tata Chemicals Limited (India), The Scotts Miracle-Gro Company (US), Coromandel International Limited (India), National Fertilizers Limited (India), Krishak Bharati Cooperative Limited (India), Midwestern BioAg (US), Italpollina SpA (Italy), ILSA S.p.A (Italy), Perfect Blend, LLC (US), Sustane Natural Fertilizer, Inc. (US), BioStar Systems, LLC (US), AgroCare Canada, Inc. (Canada), and Nature Safe (US).
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