Shifting Food Demographics to Dictate Organic Fertilizer Market Expansion across Long-Term Forecast
Organic farming has taken precedence over conventional farming in recent years. Rising environmental consciousness has prompted consumers to abandon mainstream foods in favor of greener alternatives.
Factoring in this trend, governments worldwide are providing impetus to organic farming techniques in order to preserve soil fertility and water degradation. On the back of this, the global organic fertilizer market is experiencing an immense upsurge and will continue doing so across the next half-a-decade.
Organic fertilizers have greatly helped consumers avail access to clean-label foods, to the extent that they are willing to pay a premium price for such products. Leading manufacturers are thus investing heavily in bolstering their research and development capabilities and dole out environmentally friendly fertilizers.
Furthermore, manure based organic fertilizers are anticipated to be the most commonly used fertilizers attributed to rising government concerns regarding livestock manure disposal.
To Get a Sample Copy of the Report visit @ https://www.futuremarketinsights.com/reports/brochure/rep-gb-1948
Organic Fertilizers Market- Competitive Landscape
Some of the key players involved in organic fertilizer production include:
- Fertikal N.V.
- Bio Nature Technology PTE Ltd.
- National Fertilizers Limited
- Biofosfatos de Brasil
- BioSTAR Organics
- California Organic Fertilizers
- Multiplex Group
- Italipollina SPA
- Walt’s Organic Fertilizer.
These players are constantly developing sustainable and environmentally friendly products in tandem with the global sustainability concerns.
For instance, Kribhco, an Indian farmer’s co-operative, produces ten types of bacterial strains of liquid bio-fertilizers such as Azospirillum, Azotobacter, Acetobacter and Rhizobium which are eco-friendly and have supplementary roles with chemical fertilizers.
Likewise, BioSTAR Organics manufactures the SuperSix Organic Nitrogen Fertilizer, an OMRI approved, liquid-organic source of 100% plant available fertilizer. The fertilizers is also particulate-free, easy-to-use and has a high fluidity.
North America Pivots Global Growth, Asia-Pacific Emerges as a Lucrative Revenue Hub
The North American organic fertilizer market is still in its growth phase, thereby generating credible growth opportunities in the coming years. As of 2016, the United States accounted for over 14,000 organic farms, with a majority of them situated in California.
This has stimulated sales of certified organic products, which includes organic fertilizers. Despite this surge, the North American market still relies on imports of organic fertilizers, thus prompting manufacturers to increase domestic production.
To further this agenda, the U.S government is facilitating policy implementation and research activities. The National Organic Program (NOP), a US Department of Agriculture (USDA) marketing program, aims to fuel organic farming in the future.
In this context, the production of organic fertilizers shall immensely surge during the forecast period.At the same time, Asia-Pacific is generating massive revenue pools in the organic fertilizer market. This is solely attributed to an increase in organic farming across several emerging economies.
As of 2017, the total organic agricultural land amounted to approximately 6.1 million hectares, accounting for 0.4% of the total agricultural area in the region. This increase has been inspired by an exponentially multiplying population, increasing the overall demand for food.
Additionally, the millennials are becoming highly conscious about the perils of synthetic food consumption, prompting them to switch over to organic food intake. Most of the Asia-Pacific organic farming is being done in India, which represents 30% of the global organic farming.
Hence, organic fertilizer manufacturers are increasing their investments in the Indian market.
Request Complete TOC Of this Report @ https://www.futuremarketinsights.com/toc/rep-gb-1948
Animal-derived Organic Fertilizers Shall Gain Momentum across the Forecast Period
Since the dawn of humanity, animal-derived fertilizers, or manure, have been at the forefront of soil nutrition in agriculture. This trend has sustained throughout our existence and is still acquiring major ground.
The usefulness of manure is attributed to its ability to replenish soil nutrients, improving overall soil composition and enhance water retention capacity. Manure is a rich source of organic nitrogen, which is far more effective at restoring soil nitrogen levels in comparison to commercially available chemically-derived nitrogen.
Furthermore, recycling of manure nutrients provides major energy benefits. This mostly translates into enhanced cost savings at the crop production front.
Organic fertilizers are also very rich sources of carbon which, along with nitrogen, helps microbes present in the soil avail their food supply and enables them to make nutrients available for plants through a naturally induced biochemical process.
Impact of COVID-19 Pandemic on the Organic Fertilizers Market
The novel coronavirus pandemic has drastically altered manufacturing cycles across the entire globe. Implementation of strict social distancing protocols have dented production cycles as employees can no longer travel to factories for work.
This has led to a massive gap in the demand-supply equation and a shortage of raw ingredients due to logistical difficulties. This has impacted the organic fertilizer industry to a very large extent.
Fortunately, governments are leaving no stone unturned to ensure that high purity foods reach customers throughout the world by providing financial assistance, relaxation on logistical restrictions to enable raw materials supply and mandating staggering work guidelines.
As agriculture is an important source of livelihood, governments cannot afford to impose curbs on related industries, and organic fertilizers is one among them. With this constant assistance being offered, the market is experiencing a resurgence but it will take a long time for growth to be reinstated to its normal trajectory.
Regions and Countries Analyzed in the Report
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Rest of LATAM)
- Europe (Germany, U.K., France, Italy, Spain, Poland, Russia, Rest of Europe)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
- The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
- The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
- The report also maps the qualitative impact of various market factors on market segments and geographies.
Organic Fertilizer Market: Segmentation
By Raw Material Type
- Plant Based Fertilizers
- Animal Based Fertilizers
- Fish Emulsion
- Compost & Compost Tea
- Legume Cover Crops
- Soybean Meal
- Cottonseed Meal
- Green Manure Cover Crops
- Corn Gluten
- Bone Meal & Blood Meal
- Manure Tea
More from FMI’s Chemicals & Materials Market Intelligence:
- Dicamba Market By Application – Agriculture, Lawn & Turf, Others (Forests, gardens & plants, other non-commercial applications): https://www.futuremarketinsights.com/reports/dicamba-market
- South Africa Corrosion Protective Coatings and Acid Proof Lining Market Segmentation By End-Use – Marine Industry, Oil & Gas Industry, Power Generation Industry, Transportation Industry, Chemicals Industry, Mining and Metallurgy Industry, Water Treatment Industry; By Product Type – Polymer Coatings, Rubber Lining Systems And Acid Proof Linings: https://www.futuremarketinsights.com/reports/south-africa-corrosion-protective-coatings-and-acid-proof-lining-market
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth.
Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: email@example.com
For Media Enquiries: firstname.lastname@example.org