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Organic Fertilizers Market By Source ,Form, Application ,Crop Type
Geography- Global Forecast to 2023
The global organic fertilizers market is expected to grow at a CAGR of 9.1% from
2018 to reach USD 4,606.7 million by 2023. The growth of this market will be driven
by factors such as rising demand for organic food and increasing awareness about the
environmental safety with the use of organic fertilizers. Moreover, huge organic
waste availability and advances in organic fertilizers manufacturing process further
supports the growth of this market. However, high demand for inorganic (synthetic)
fertilizers and challenges to new entrants and small companies hinders the growth of
this market to some extent.
The global organic fertilizers market study presents historical market data in terms
of values (2016 and 2017), estimated current data (2018), and forecasts for 2023-by
source (animal, plant, mineral), form (dry, liquid), application (broadcasting,
fertigation, foliar application), and crop type (cereals and grains, fruits and
vegetables). The study also evaluates industry competitors and analyzes the market
at a regional and country level.
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This research report analyzes major geographies and provides comprehensive
analysis of North America (U.S., Canada, and Mexico), Europe (Spain, Italy, France,
Germany, and RoE), Asia-Pacific (Australia, China, India, Japan, and RoAPAC),
Latin America (Argentina, Uruguay, Brazil, and RoLATAM), and Middle East &
Africa. Asia Pacific commanded the largest share of the global organic fertilizers
market in 2017, followed by Europe and Latin America.
Owing to factors such as high nutrition value, quick action and response, low
quantity requirement, and easy and huge availability of animal waste, animal-based
organic fertilizers market commanded the largest share of the global organic
fertilizers market in 2017; this market is also expected to grow at a fastest CAGR
during the forecast period. However, dry organic fertilizers market dominated the
global organic fertilizers market in 2017, supported by their higher adoption in the
lawn and gardens, long-lasting effects, high efficiency in all climatic condition, and
huge and easy availability of the raw materials.
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Animal-based organic fertilizers continue to remain the largest product
category
The animal based organic fertilizers market is expected to see the largest gains in
demand through 2023 in the global organic fertilizers market. The growth in the
sales of animal based organic fertilizers will be mainly supported by its high nutrition
value, quick action and response, low quantity requirement, and easy and huge
availability of animal waste.
Broadcasting application method dominates the global market
Based on application, the organic fertilizers market is segmented into broadcasting,
fertigation, and foliar application. Organic fertilizers market for broadcasting
application held the major share as this method is inexpensive, efficient, and easy as
compared to other methods. Moreover, rising adoption of advanced broadcasting
equipment further supports the growth of this market
The major players operating in the global organic fertilizers market are Italpollina
S.p.A. (Italy), Tata Chemicals Ltd. (India), Multiplex Group (India), Coromandel
International Limited (India), Midwestern BioAg (U.S.), Perfect Blend, LLC (U.S.),
ILSA S.p.A. (Italy), ScottsMiracle-Gro Company (U.S.), National Fertilizers Limited
(India), SPIC Ltd (India), Sigma AgriScience, LLC (U.S.), AG Global (Canada),
California Organic Fertilizers, Inc. (U.S.), Biolchim S.p.A. (Italy), and Camson Bio
Technologies Limited (India) among others.
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