Organic Fertilizers Market is Expected to Reach USD 27.48 Billion by 2030
As per the report published by Kings Research, 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 organic fertilizer market is growing rapidly owing to the increased focus on organic inputs, especially fertilizers, in agricultural markets. The trend towards more sustainable, ecologically friendly adheres is anticipated to continue as more farmers adopt organic agricultural methods. The innovations in organic agriculture are driven by the need to improve yield and efficiency, lower costs, improve soil health, and meet consumer demands for high-quality, sustainable food which accelerates the market growth.
- Based on the source, the animal segment is growing at a CAGR of 12.01% over the forecast period
- Based on crop type, the cereals, and grains are expected to dominate over the forecast period with a forecasted CAGR of 12.38%
- Based on form, the dry segment is growing rapidly with a CAGR of 11.94%
- On the basis of region, Asia Pacific accounted for the largest market share of 35.47% in 2022
Windfall Bio Received Funding of USD 9 Million by UNTITLED to Develop Organic Fertilizer
March 2023: Windfall Bio closed 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&D operations.
Yara Suomi Oy has Acquired Ecolan Oy to Strengthen the Product Portfolio
September 2021: Yara Suomi Oy acquired Ecolan Oy to promote a circular economy and to improve nutrient management and cultivation in organic farming methods.
Emerging Application of Nanotechnology in Agricultural Techniques Provides Lucrative Opportunities in the Market
The use of nanotechnology in agriculture has grown significantly in recent years as it improves crop production and plant nutrient. Nano-sized materials have unique properties that can improve the availability and uptake of nutrients from organic fertilizers, such as improving the solubility of organic substances, increasing the rate of nutrient absorption, and reducing nutrient leaching. These benefits have improved plant growth and yield while reducing the amount of fertilizer required.
In addition, the use of nanotechnology in organic fertilizers reduces the environmental impact of agricultural practices by reducing the amount of waste generated and greenhouse gas emissions from fertilizer production. The development and integration of nanotechnology into organic fertilizers is a significant step towards achieving sustainable agriculture and solving challenges related to food production. The ongoing research & development towards nanotechnology-based organic fertilizers could improve soil health, reduce fertilizer use, and mitigate climate change which provides lucrative opportunities for market growth.
Growing Awareness of Organic Farming Provides Lucrative Opportunities in the Market
The increasing adoption of organic farming practices and growing awareness about the benefits of using organic fertilizers are the popular driving factors for the organic fertilizers market. Government policies and initiatives are also contributing to the growth of the organic fertilizers market. As awareness and education about the benefits of organic farming increases, consumers are focusing on organic products and showing their preference for sustainable and environmentally conscious products. In addition, organic farming promotes the use of natural food sources and pest control measures that help maintain the natural balance of the ecosystem. As consumers become aware of the benefits of organic farming, the demand for organic fertilizers is expected to continue to grow over the forecast period.
Asia Pacific is the Most Dominating Region which Generated a Market Share of 35.47% in 2022
The regional growth in organic fertilizers has gained considerable popularity in recent years as consumers are more aware of the benefits of organic food to their health and the environment. This increased demand is fueling the growth of the organic sector as more farmers switch to organic farming to meet this demand. In general, awareness of organic farming practices and the benefits of using organic fertilizers and natural pest control measures is increasing the popularity of organic farming.
Consumers across the region prefer sustainable and environmentally conscious products, and governments provide funding and incentives to support the growth of organic agriculture. India and China remain key players in the region with significant production of certified organic products, while other countries such as Thailand, Indonesia, and Vietnam are also witnessing growth in organic farming. The rise in awareness of sustainable agriculture and growing consumer demand for organic products is expected to further boost the regional growth of the organic fertilizers market.
North America Organic Fertilizer Market is Growing at a Rapid Pace with a Captured Market Share of 15.72%
The rising health consciousness, broad organic farming areas, high-income population growth, expansion of mechanization & irrigation infrastructure, and the availability of a significant number of organic producers all contribute to the region's large market share. Furthermore, government policies and other organizations’ initiatives are promoting and expanding the organic industry which contributes to the growth of the organic fertilizers market in this region.
Governments across the U.S. are also supporting the growth of organic fertilizers by providing subsidies and financial incentives to farmers who adopt ecological farming practices. For instance, in the United States, the USDA funds and supports programs for organic farmers, such as the Organic Agriculture Research and Extension Initiative (OREI) and the National Organic Certification Cost-Sharing Program. The emergence of such programs is propelling market growth across the region.
Market Vendors are Focusing on Acquisitions and Mergers to Boost their Market Growth
The global organic fertilizers industry study report will provide valuable insight with an emphasis on the global market and market is highly fragmented. Major players are focusing on a few of the 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 investments in R&D, new manufacturing facilities, and supply chain optimization. The major manufacturers in the market are
- Biostar Renewables, LLC
- Coromandel International Limited
- Hello Nature International Srl
- Mirimichi Green
- Qilian International Holding Group Limited
- Sigma AgriScience, LLC
- Suståne Natural Fertilizer, Inc.
- Tata Chemicals Ltd.
- The Scotts Company LLC
- Windfall Bio