Agriculture

Organic Fertilizers Market

Global Industry Analysis and Forecast 2023-2030

Pages : 120

Base Year : 2022

Released Year : September 2023

Format : Pdf Ppt Xls

Report ID: KR31

Author : Shreya S.

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Base Year

2022

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Forecast Year

2023-2030

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Historical Years

2018-2021

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Market Value (2022)

USD 11.87 Billion

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Forecasted Value (2030)

USD 27.48 Billion

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CAGR (2023 - 2030)

11.31%

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Fastest Growing Region (2023 - 2030)

Asia-Pacific

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Largest Region

Asia-Pacific

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By Source

Mineral, Plant, Animal

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By Crop Type

Cereals & Grains, Vegetables & Fruits, Oilseeds & Pulses, Others

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By Form

Liquid, Dry


Market Perspective

The global Organic Fertilizers Market was valued at USD 11.87 billion in 2022 and is projected to reach USD 27.48 billion by 2030, growing at a CAGR of 11.31% from 2023 to 2030.

The use of organic fertilizers has become common in recent years, as consumers have become environmentally conscious and are inclined towards sustainable agriculture. The proliferating demand for healthier food choices to increase soil fertility and produce healthier crops is accelerating market growth. Organic fertilizers often release nutrients over a longer period of time than synthetic fertilizers which fosters the high adoption rate. Organic fertilizers are made from natural sources and can have uneven nutrient content, making it difficult to release nutrients which restricts the market growth.

Analyst’s Review on Organic Fertilizers Market

The emerging use of precision agriculture to optimize crop production that uses technology such as sensors, GPS, drones, and data analytics augments the market growth. Organic seed production involves the production of seeds using an organic method, which ensures that the seeds are free of genetically modified organisms (GMO) and chemical agents. Expansion of organic production, creation of value-added products and services, improvement of supply chain efficiency, and investment in research & development of new organic farming and processing technologies are all possibilities that stimulate the market share. Furthermore, organic farming provides opportunities for small-scale farmers and rural communities while also promoting sustainable and healthy food systems which augments the organic fertilizers market growth.

Market Definition

Organic fertilizers are naturally occurring sources of minerals and contain moderate amounts of plant and animal waste that can be applied to soil or plants to boost their growth with adequate nutrients. They release nutrients into the soil solution, ensuring balanced plant nutrition. Applying organic fertilizers, such as those made from compost, to agricultural soils increases the amount of carbon sequestered in those soils and helps reduce greenhouse gas emissions. Organic fertilizers help improve soil health, which in turn can lead to better yields and reduce the need for chemical fertilizers and pesticides. Organic fertilizers assist in the improvement of soil microbial activity, resulting in enhanced nutrient availability and improved plant development. They are less likely to pollute the environment as they are free of synthetic chemicals that can leak into waterways or release greenhouse gases.

Market Dynamics

Organic farming has gained popularity in recent years and farmers are adopting this farming method to produce healthier foods while reducing their environmental impact. Organic fertilizers are a significant component of organic farming, which emphasizes on sustainability and follow ecologically friendly practices. The adoption of organic farming can be influenced by several factors, such as farmer demographics, economic incentives, and social, cultural, and institutional factors. Financial incentives such as subsidies and price premiums for organic products, as well as support from public agricultural service providers and non-governmental organizations, are also encouraging the adoption rate.

The major restraining factor for the use of organic fertilizer in agriculture is the higher cost of organic fertilizer. Organic fertilizers are more expensive than synthetic fertilizers due to greater production costs and limited supply, which might limit their availability & affordability. Furthermore, organic fertilizers may have lower nutrient concentrations than synthetic fertilizers, resulting in lower yields and profits for farmers. This higher production cost can be attributed to a variety of factors, including intensive labor, high transportation costs, organic waste management maintenance costs, and several others. While there are potential benefits to using organic fertilizers, the high cost of production and the resulting high retail price may deter farmers from switching to organic fertilizers on a large scale.

Segmentation Analysis

The global organic fertilizers market is segmented based on offering, application, and geography.

Based on source, the market is classified into mineral, plant, and animal. The animal source generated the highest share of 46.19% in 2022. Animal-based organic fertilizers are expected to increase significantly with the increased need for animal manure-based organic fertilizers. The use of animal-based organic fertilizers produces healthy and maximum yield in a sustainable manner which is expected to increase the use of animal-based organic fertilizers.

Based on crop type, the organic fertilizers market is segmented into cereals and grains, vegetables & fruits, oilseeds & pulses, and others. The cereals and grains segment held the largest share at 36.71% in 2022. The cereals & grains are the dominating owing to the growing production of cereals as a staple combined with the high profit associated with organic cereal cultivation, which is expected to increase cereals and grains usage of organic fertilizers.

Based on form, the organic fertilizers market is bifurcated into liquid and dry. The dry form is the dominating segment with a market share of 65.65%. Dry fertilizers provide benefits such as longer shelf life, simplicity of transport and application, cost-effectiveness, and convenience of storage. The dry form is gaining popularity among farmers because of its ease of use and reduction in rotting or wasting of the product due to contamination.

Geographical Analysis

Based on regional analysis, the global organic fertilizers market is classified into North America, Europe, Asia Pacific, MEA, and Latin America.

Asia Pacific is the dominating region in the organic fertilizer market with a projected CAGR of 12.34% during the forecast period. The regional growth is driven by the high demand for sustainable and environmentally friendly agricultural practices. The adoption of ecological agricultural practices in the Asia-Pacific region stems from the need to promote sustainable agricultural practices and improve food security in the region.

There are several regional players in the market that offer a wide range of organic fertilizers such as nitrogen-fixing bio-fertilizers, phosphate-solubilizing biofertilizers, and potassium-mobilizing biofertilizers. According to statistics from the Food and Agriculture Organization (FAO), nitrogen use for arable land by region shows that Asia uses the most organic manure as fertilizer. In 2020, there were nearly 600 million people using manure as fertilizer in Asia which has expanded the use of organic farming methods in the region, which creates a lucrative market growth for organic fertilizers.

According to a report by the Food and Agriculture Organization (FAO), India and China are the countries in the Asia-Pacific region with the largest number of certified organic products. India is a significant contributor in the world in terms of total area of ‚Äč‚Äčorganic agriculture with over 3.6 million hectares of certified organic land, while China with over 1.9 million hectares of organic agriculture. Moreover, the trend toward organic farming in the Asia-Pacific region is growing, and many countries are implementing policies and programs to promote sustainable agricultural practices.

The organic fertilizer market in Europe is expected to grow at a CAGR of 11.53%. The market growth is proliferated by the growing production unit of high-quality organic fertilizers. The organic fertilizer market is playing a critical role in ensuring food security promoting a climate neutral economy, promoting sustainable agriculture and strengthening the EU's strategic autonomy. In the European Union, the organic agriculture sector accounts for 9.1 percent of all agricultural land. New facilities associated with organic farming are being built in Germany, Poland, France, Spain, and Norway which has a unique solution that produces two valuable waste products: biofuels and organic fertilizers.

As concerns about the environmental impact of synthetic fertilizers continue to grow, many governments around the world are investing in the development and promotion of organic fertilizers. In Europe, the use of organic fertilizers is increasingly promoted through various policies and initiatives. In addition, in the Netherlands, the government has set a goal to reduce the use of synthetic fertilizers by 50% by 2030 and increase the use of organic fertilizers. In France, the government implemented the Ecophyto scheme, which aims to reduce the use of pesticides and synthetic fertilizers in agriculture. Other European countries such as Germany, Denmark, and Sweden also invest in the development and promotion of organic fertilizers.

Competitive Landscape

The global organic fertilizers industry study report will provide valuable insight with an emphasis on the fragmented nature of the global market. Prominent players are focusing on several key business strategies such as partnerships, mergers and acquisitions, product innovations, and joint ventures to expand their product portfolio and increase their respective market shares across different regions. Expansion & investments involve a range of strategic initiatives including investments in R&D activities, new manufacturing facilities, and supply chain optimization. The major players in the market are

  • Biostar Renewables, LLC
  • Coromandel International Limited
  • Hello Nature International Srl
  • Mirimichi Green
  • NatureSafe
  • Qilian International Holding Group Limited
  • Sigma AgriScience, LLC
  • Suståne Natural Fertilizer, Inc.
  • Tata Chemicals Ltd.
  • The Scotts Company LLC
  • Windfall Bio

Key Developments

  • March 2023 (Expansion): Mirimichi Green expanded its 4-4-4 Organic Grain Fertilizer, a range of granular products. 4-4-4 Organic Grain Fertilizer is OMRI listed and contains all organic ingredients and beneficial soil biology and can be used on all residential and commercial lawns, container plants, vegetables/gardens, ornamentals, and trees.
  • March 2023 (Funding): Windfall Bio closed a USD 9 million seed round led by UNTITLED to develop a solution to recover climate-damaging methane emissions and transform them into living organic fertilizer. Windfall Bio uses the capital to begin on-farm piloting while strengthening R and D operations.
  • October 2021 (Expansion): Qilian International Holding Group Limited completed the first phase of the expansion of its new organic fertilizer production plant. The completion of the first stage of expansion allows the company to increase the production capacity of various organic fertilizers to more than 30,000 tons per year and increase the company's competitiveness in the market.

The global Organic Fertilizers Market is segmented as:

By Source

  • Mineral
  • Plant
  • Animal

By Crop Type

  • Cereals and Grains
  • Vegetables & Fruits
  • Oilseeds & Pulses
  • Others

By Form

  • Liquid
  • Dry

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • UK
    • Spain
    • Germany
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • North Africa
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
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Frequently Asked Questions (FAQ's)

The global organic fertilizers market is projected to reach USD 27.48 billion by 2030, growing at a CAGR of 11.31% from 2023 to 2030.
The global organic fertilizers market was valued at USD 11.87 billion in 2022.
The organic fertilizers market is growing rapidly owing to the proliferating demand for healthier food choices to increase soil fertility and produce healthier crops is accelerating the market growth.
Top manufacturers organic fertilizers market are, Biostar Renewables, LLC, Coromandel International Limited, Hello Nature International Srl, Mirimichi Green, NatureSafe, Qilian International Holding Group Limited, Sigma AgriScience, LLC, Suståne Natural Fertilizer, Inc., Tata Chemicals Ltd., The Scotts Company LLC, Windfall Bio, Yara, and others.
Asia-Pacific is the fastest growing region with the CAGR of 12.34% in the forecasted period (2023-2030) with the market value forecasted to reach at USD 10.39 billion.
By form, dry will hold the maximum share in the organic fertilizers market with the revenue value of USD 18.86 in 2030.
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