The incessantly increasing global population has enticed the agricultural industry to improve the food crops yield. The rising demand for high yield food crops to meet the global food demand is inducing the growth of the organic fertilizers market. The perpetual growth of the global population can be easily fathomed from the findings of the U.S. Census Bureau, according to which the world population has increased from 2.5 billion in 1950 to 7.5 billion in 2019. The growing population makes it inevitable to adopt cultivation methods that increase crop production in order to satisfy the food demand of the increasing population across the world. There are two ways to bolster crop production, either by ameliorating the crop yield or by increasing land under cultivation. However, the potential to increase cultivation land is highly challenging, as the land resources are limited. Therefore, products such as fertilizers are used for enhancing plant nutrient levels, and physical and chemical properties of soil, thereby increasing the crop growth, yield, and quality. Thus, witnessing a surge in demand to improve food crops yield is catapulting the organic fertilizers market growth.

On the back of urbanization, there is an increasing awareness among people about health and environmental issues. Consumers are becoming more cautious about the quality and safety of the food they consume. Thus, there is a considerable growth in consumer demand for organically produced food products that are free from artificial fertilizers and chemicals. The increasing organic agriculture is the prime factor propelling the demand for organic fertilizers, as these fertilizers are biodegradable and environment-friendly. According to the 18th edition of ‘The World of Organic Agriculture’, published by FiBL and IFOAM-Organic International, in 2017, the organic agricultural land was around 50.9 million hectares, which was 6.5 million hectares more than in 2014. Thus, increasing organic agriculture is the key impetus to the growth of the organic fertilizers market. The organic fertilizers market has attained a market value of $6 billion in 2018. Furthermore, the organic fertilizers market is anticipated to propel at a CAGR of 8%, during the forecast period 2019-2025.

Moreover, the global organic fertilizers market is gaining momentum in the recent past, owing to supportive schemes and subsidies deployed by the government. Reckoning the health and environmental issues caused by high usage of synthetic fertilizers, the governments of many countries are subsidizing the prices of eco-friendly organic fertilizers, making it easier for farmers to use it. For example, in India, under National Project on Organic Farming a ‘Capital Investment Subsidy Scheme for Commercial Production Units for organic/biological inputs’ has been implemented by the Department of Agriculture, Cooperation & Farmers’ Welfare through the National Centre of Organic Farming (NCOF) in collaboration with NABARD or National Cooperative Development Corporation (NCDC). The main objective of the scheme is to improve crop yield while maintaining soil health and environment safety. Thus, the government initiative, supportive schemes, and subsidies are fuelling the growth of the organic fertilizers market.

Organic Fertilizers Market: Leading Segments--

Geographically, North America held 30% share in the organic fertilizers market, a major market share in 2018. Growing per capita income coupled with rising health awareness among people of this region is creating an unprecedented growth for organic food products. Moreover, rapidly increasing organic agricultural land in North America is propelling the usage of organic fertilizers. As per the findings by the Research Institute of Organic Agriculture (FiBL), in 2107, the total organic agricultural land in North America was 3.2 million hectares, which trebled from the million hectares in 2000. Additionally, the presence of major accredited associations particularly in the U.S., including United States Department of Agriculture (USDA) is augmenting the demand for organic fertilizers in this region. These aforementioned factors have rendered North America with the highest market share.

Organic fertilizers market is segmented on the basis of source as plant, animal, and mineral. Among these, animal-based fertilizers will fetch lucrative opportunities in the market, during the forecast period. Animal-based fertilizers are derived from fish emulsions, cow milk, earthworm castings, and manures of chicken, steer, dairy cow, horse, pig, sheep, rabbit, goat and others. Abundant availability of these sources is the key factor driving demand for the animal based fertilizers. Additionally, beneficial properties of animal-based fertilizers such as high nutrition value, quick action and response, and low quantity requirement is upheaving the sales for the same. Thus, the key applications segment is anticipated to grow at a CAGR of 7% through to 2025.

Major Forces Influencing the Growth of Organic Fertilizers Market—

·         Stringent Regulations by Government on the Use of Synthetic Fertilizers:

Stringent governmental regulations on the usage of synthetic fertilizers for the cultivation of crops is paving way for increased adoption of organic fertilizers. Synthetic fertilizers have long-term harmful effects on the environment and health. It hampers the growth of beneficial microorganisms in the soil that converts dead remains into nutrient-rich organic matter. Moreover, synthetic fertilizers leach into water bodies such as streams, rivers, lakes, and groundwater, and increase its toxicity, causing water pollution, thereby disrupting aquatic ecosystems. Owing to the aforementioned harmful effects, the governments have implemented stringent regulations to curb the usage of synthetic fertilizers. This consequently is fuelling the growth of the organic fertilizers market.

·         Technological Innovations in Organic Fertilizers Manufacturing Process:

The advancements in organic fertilizers manufacturing process is propelling the growth of the organic fertilizer market. Traditional way of composting food wastes, rotten vegetables, fruits, grass, and leaves take time to convert in fertilizers. In recent times, Biomax Technologies from Singapore has developed a breakthrough technology called ‘Rapid Thermophilic Digestion System’ that can convert organic wastes into organic fertilizers in a day. These types of innovations in the production process of organic fertilizers is inducing the growth of the organic fertilizer market.

Organic Fertilizers Market: Major Market Players

The prominent players in the organic fertilizers market have played an important role in increasing the sales of these fertilizers, and now holding major market shares. Fertikal N.V., Uniflor, and Multiplex Group are some of the major players that are majorly focusing on strategic acquisitions, mergers, new establishments, collaborations, and partnerships to gain grounds in the market and meet rising demand of organic fertilizers.

Multiplex Group, in 2017, opened a manufacturing unit at Ghaziabad (Uttar Pradesh). The new manufacturing unit has been manufacturing all types of Organic Fertilizers, Specialty Fertilizers, Soil Conditioners, and Bio Fertilizers to meet the requirements of all northern states.

Talk to one of our sales representative about the full report by providing your details in the link below:

https://www.industryarc.com/support.php?id= 18586

Related Reports:

A.    Fertilizers Market

https://www.industryarc.com/PressRelease/515/Fertilizers-Market-Research-Analysis.html

B.     Specialty Fertilizers Market

https://www.industryarc.com/Report/11725/specialty-fertilizers-market.html

Any other custom requirements can be discussed with our team, drop an e-mail to [email protected]  to discuss more about our consulting services.

To request for a quote, provide your details in the below link:

https://www.industryarc.com/reports/request-quote?id=18586

 

Media Contact:

Mr. Venkat Reddy

Sales Manager          

Email: [email protected]

Contact Sales: +1-614-588-8538 (Ext-101)

About IndustryARC: IndustryARC is a research and consulting firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.