Reducing soil nutrient content due to the use of chemical fertilizers and pesticides coupled with growing demand for organic food products to fuel the global organic fertilizer market through 2023. According to TechSci Research report, “Global Organic Fertilizer Market By Source, By Crop Type, By Form, By Region, Competition Forecast & Opportunities, 2013 – 2023’’, the global organic fertilizer market is forecast to be around $ 10 billion by 2023, owing to rising demand for natural and organic fertilizers-based crop products among consumers across the globe.
Important Aspects of the Organic Fertilizer Market
Excessive use of chemical fertilizers and pesticides in agricultural lands is fast deteriorating the soil nutrient quality, which is boosting demand for organic fertilizers to revitalize the nutrient content of the soil. Growing consumer awareness regarding the advantages of organic products is making an increasing number of farmers across the globe use organic fertilizers. Moreover, a rising number of health-related issues due to the consumption of fruits and vegetables grown with chemical fertilizers is augmenting the demand for organic fertilizers in the cultivation of these products over the coming years.
Browse 418 market data Figures and Tables spread through 238 Pages and an in-depth TOC on the “Global Organic Fertilizer Market“
Animals and plants are the major sources used to produce organic fertilizers. In 2016, animal-based organic fertilizers, which include bone meal, blood meal, milk, manure, and others, garnered the largest share in the global organic fertilizer market. Higher phosphorus, calcium, and other nutrient content of animal-based organic fertilizers promote flower growth and support root strength development.
Additionally, growing government regulations regarding the adoption of sustainable agriculture methods to produce cereals, oilseeds, and fruits & vegetables are anticipated to drive the consumption of organic fertilizers, globally, in the coming years. Based on crop type, the global organic fertilizer market is segmented into categories, namely, fruits & vegetables, cereals, oilseeds, and others. The fruits & vegetables segment generates the highest demand for organic fertilizers, backed by a rising preference for high-nutrient and organic diets among health-conscious consumers.
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“As liquid-based organic fertilizers are easy to use and more effective than granular formulations, their share in the global market would continue to increase in the coming years. Presently, Europe is the largest market for organic fertilizers, supported by rising government subsidies to farmers and stringent environmental regulations regarding waste minimization and waste utilization. Though Europe is anticipated to continue its dominance as the largest market for organic fertilizers, Asia-Pacific is expected to witness the fastest growth during the forecast period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Global Organic Fertilizer Market By Source, By Crop Type, By Form, By Region, Competition Forecast & Opportunities, 2013 – 2023” has evaluated the future growth potential of the global organic fertilizer market and provides statistics and information on market size, structure, and trends. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global organic fertilizer market.
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