Organic Fertilizer Market Trends|Segmentation, Outlook, Industry Report to 2030
Organic farming has taken precedence over conventional farming in recent years. Rising environmental consciousness has prompted consumers to abandon mainstream foods in favor of greener alternatives.
Factoring in this trend, governments worldwide are providing
impetus to organic farming techniques in order to preserve soil fertility and
water degradation. On the back of this, the global organic
fertilizer market is experiencing an immense upsurge and will continue
doing so across the next half-a-decade.
Organic fertilizers have greatly helped consumers avail
access to clean-label foods, to the extent that they are willing to pay a
premium price for such products. Leading manufacturers are thus investing
heavily in bolstering their research and development capabilities and dole out
environmentally friendly fertilizers.
Furthermore, manure based organic fertilizers are
anticipated to be the most commonly used fertilizers attributed to rising
government concerns regarding livestock manure disposal.
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Organic Fertilizers Market- Competitive Landscape
Some of the key players involved in organic fertilizer
production include:
- Fertikal
N.V.
- CropAgro
- Bio
Nature Technology PTE Ltd.
- National
Fertilizers Limited
- Biofosfatos
de Brasil
- BioSTAR
Organics
- Kribhco
- California
Organic Fertilizers
- Multiplex
Group
- Italipollina
SPA
- Uniflor
- Walt’s
Organic Fertilizer.
These players are constantly developing sustainable and
environmentally friendly products in tandem with the global sustainability
concerns.
For instance, Kribhco, an Indian farmer’s co-operative,
produces ten types of bacterial strains of liquid bio-fertilizers such as
Azospirillum, Azotobacter, Acetobacter and Rhizobium which are eco-friendly and
have supplementary roles with chemical fertilizers.
Likewise, BioSTAR Organics manufactures the SuperSix Organic
Nitrogen Fertilizer, an OMRI approved, liquid-organic source of 100% plant
available fertilizer. The fertilizers is also particulate-free, easy-to-use and
has a high fluidity.
North America Pivots Global Growth, Asia-Pacific Emerges
as a Lucrative Revenue Hub
The North American organic fertilizer market is still in its
growth phase, thereby generating credible growth opportunities in the coming
years. As of 2016, the United States accounted for over 14,000 organic farms,
with a majority of them situated in California.
This has stimulated sales of certified organic products,
which includes organic fertilizers. Despite this surge, the North American
market still relies on imports of organic fertilizers, thus prompting
manufacturers to increase domestic production.
To further this agenda, the U.S government is facilitating
policy implementation and research activities. The National Organic Program
(NOP), a US Department of Agriculture (USDA) marketing program, aims to fuel
organic farming in the future.
In this context, the production of organic fertilizers shall
immensely surge during the forecast period.At the same time, Asia-Pacific is
generating massive revenue pools in the organic fertilizer market. This is
solely attributed to an increase in organic farming across several emerging
economies.
As of 2017, the total organic agricultural land amounted to
approximately 6.1 million hectares, accounting for 0.4% of the total
agricultural area in the region. This increase has been inspired by an
exponentially multiplying population, increasing the overall demand for food.
Additionally, the millennials are becoming highly conscious
about the perils of synthetic food consumption, prompting them to switch over
to organic food intake. Most of the Asia-Pacific organic farming is being done
in India, which represents 30% of the global organic farming.
Hence, organic fertilizer manufacturers are increasing their
investments in the Indian market.
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Animal-derived Organic Fertilizers Shall Gain Momentum
across the Forecast Period
Since the dawn of humanity, animal-derived fertilizers, or
manure, have been at the forefront of soil nutrition in agriculture. This trend
has sustained throughout our existence and is still acquiring major ground.
The usefulness of manure is attributed to its ability to
replenish soil nutrients, improving overall soil composition and enhance water
retention capacity. Manure is a rich source of organic nitrogen, which is far more
effective at restoring soil nitrogen levels in comparison to commercially
available chemically-derived nitrogen.
Furthermore, recycling of manure nutrients provides major
energy benefits. This mostly translates into enhanced cost savings at the crop
production front.
Organic fertilizers are also very rich sources of carbon
which, along with nitrogen, helps microbes present in the soil avail their food
supply and enables them to make nutrients available for plants through a
naturally induced biochemical process.
Impact of COVID-19 Pandemic on the Organic Fertilizers
Market
The novel coronavirus pandemic has drastically altered
manufacturing cycles across the entire globe. Implementation of strict social
distancing protocols have dented production cycles as employees can no longer
travel to factories for work.
This has led to a massive gap in the demand-supply equation
and a shortage of raw ingredients due to logistical difficulties. This has
impacted the organic fertilizer industry to a very large extent.
Fortunately, governments are leaving no stone unturned to
ensure that high purity foods reach customers throughout the world by providing
financial assistance, relaxation on logistical restrictions to enable raw
materials supply and mandating staggering work guidelines.
As agriculture is an important source of livelihood, governments
cannot afford to impose curbs on related industries, and organic fertilizers is
one among them. With this constant assistance being offered, the market is
experiencing a resurgence but it will take a long time for growth to be
reinstated to its normal trajectory.
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Regions and Countries Analyzed in the Report
- North
America (U.S., Canada)
- Latin
America (Mexico, Brazil, Rest of LATAM)
- Europe
(Germany, U.K., France, Italy, Spain, Poland, Russia, Rest of Europe)
- East
Asia (China, Japan, South Korea)
- South
Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania
(Australia, New Zealand)
- Middle
East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
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