Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Organic fertilizers are made up of a variety of plant-derived materials right from fresh or dried plant material to animal manures and litters to agricultural products. The nutrient content of organic fertilizers varies greatly among source materials, and biodegradable materials make healthier nutrient sources. Compared to chemical fertilizers, nitrogen and phosphorous content are lower in organic fertilizers. Government support paired with rise in awareness toward the use of organic fertilizers drive the growth of the global organic fertilizers market. Moreover, the enactment of stringent regulations on the use of synthetic fertilizers boost the growth of the market.
Also, organic fertilizers are emerging as vital components for agriculture due to the immense environmental benefits of using organic fertilizers when compared to conventional fertilizers. Governments across the globe are taking several initiatives in the form of subsidies and workshops for promoting the use of organic fertilizers. Hence, creating growth opportunities for the global organic fertilizer market. Organic food has gained much popularity around the world, especially in developing countries. Due to the rising health consciousness, there has been substantial increase in the global organic food and drink market sales.
Environmental benefits associated with organic fertilizers, increasing land area under organic cultivation, technological advancement in organic fertilizers manufacturing process are some of the major factors leading to the development of organic fertilizers market.
Additionally, organic farming reduces greenhouse gas emissions leading to the climate change by maintaining healthy soil that naturally retains photosynthesized carbon dioxide instead of releasing it back into the atmosphere. Moreover, it helps in preventing toxic leakers in groundwater. Up to 40% of the synthetic fertilizers used on conventional farms end up in ground and surface waters, eventually polluting rivers, lakes and oceans. Organic fertilizer has the ability to increase organic content in the soil, enhancing its capacity to retain water and circulate pollutants.
The report analyses global organic fertilizers market based on source, crop type, and geography.
Plants, animals and minerals are the major sources of organic fertilizers. Animal source organic fertilizers are widely used in the organic agriculture market. These segments are expected to hold noticeable market shares in the global organic fertilizer market during the forecast period. In terms of value, the plant source segment is expected to be a very beneficial segment during the forecast period, whereas, in terms of volume, the animal source segment is likely to hold a prominent share in the global organic fertilizer market during the forecast period.
The growing demand for organic food is expected to drive the growth of the animal based organic fertilizer market during the forecast period. Moreover, the use of organic fertilizer enhances the soil fertility and provides better aeration, water retention, and promotes the growth of microorganism activity, which is essential for the plant growth. Organic fertilizers are slow release fertilizers and hence, they provide nutrition to plants for a longer duration. These are some of the factors that are likely to rise in the global demand for organic fertilizers.
The organic fertilizers find application in cereals & grains, oilseeds & pulses, fruits & vegetables, turfs, lawns etc. The growing demand for organic grains, oils, and vegetables is a significant driver for the organic fertilizer market. Cereals are one of the most important staple crops across the globe. Cereals represent the biggest portion of daily calorie intake in developing countries of the Asia, Middle East & Africa, and CIS etc. and hence, the demand for grains will be one of the most critical stimulants for the consumption of the organic fertilizer for cereals and grains segment.
As indicated by the Food and Agricultural organization, Organic fertilizers help cereal crops to absorb nutrients more efficiently. They are one of the critical components of nutrient management and are renewable and more cost-effective as compared to synthetic fertilizers. Changes in dietary habits among many segments of the population of developed countries - resulting from increased health awareness and the increasing demand for a wider variety of products, including convenience food - have contributed to this growth.
Geographically, the organic fertilizers market is studied for the countries North America, Europe, Asia Pacific, and the Rest of the world. The development of the organic fertilizer market in the Europe can be attributed to two factors including strong demand from consumers, and government support. In between 2000 to 2016, the per capita consumption of organic food in the EU almost increase fourfold, reaching an average of 60.5 euros per person in 2016. Implementation of stringent regulations by the governing bodies on the use of synthetic fertilizers and harmful effects caused by prolonged use of chemical fertilizers fuel the adoption of organic fertilizers.
However, 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.
The major companies operating in the organic fertilizers market include Agrocare Canada Inc., California Organic Fertilizers, Inc., Coromandel International Ltd., BioStar Renewables, Fertikal, ILSA S.p.A., Italpollina S.p.A., Walt's Organic Fertilizer Co., Scotts Miracle-Gro, Suståne Natural Fertilizer, Inc., SARL PLANTIN, Perfect Blend, Nature Safe, MultiplexGroup and Midwestern BioAg among others.
The report analyses global organic fertilizers market based on source, crop type and geography. Plants, animals and minerals are the major sources of organic fertilizers. Animal source organic fertilizers are widely used in the organic agriculture market. The organic fertilizers find application in cereals & grains, oilseeds & pulses, fruits & vegetables, turfs, lawns etc. The growing demand for organic grains, oils, and vegetables is a significant driver for the organic fertilizer market. Geographically, the organic fertilizers market is studied for the countries North America, Europe, Asia Pacific, and the Rest of the world. The major companies operating in the organic fertilizers market include Agrocare Canada Inc., California Organic Fertilizers, Inc., Coromandel International Ltd., BioStar Renewables, Fertikal, ILSA S.p.A., Italpollina S.p.A., Walt's Organic Fertilizer Co., Scotts Miracle-Gro, Suståne Natural Fertilizer, Inc., SARL PLANTIN, Perfect Blend, Nature Safe, MultiplexGroup and Midwestern BioAg among others.
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