Organic Fertilizers Market By Source (Mineral, Plant, Animal), Crop Type (Cereals and Grains, Vegetables and Fruits), Form (Liquid, Dry), & Region for 2024-2031
Published on: 2024-08-04 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Organic Fertilizers Market By Source (Mineral, Plant, Animal), Crop Type (Cereals and Grains, Vegetables and Fruits), Form (Liquid, Dry), & Region for 2024-2031
Organic Fertilizers Market Valuation- 2024-2031
A organic fertilizers consumers are becoming more health-conscious and seeking out organic food options, believing they are better for both their health and the environment. This shift in consumer preferences results in increased demand for organic farming practices, which rely on organic fertilizers to sustain crops. The market size surpass USD 12.03 Billion valued in 2024 to reach a valuation of around USD 283.88 Billion by 2031.
Furthermore, environmental worries about conventional farming practices are driving the organic fertilizer business. Overuse of synthetic fertilizers has been connected to soil degradation, water pollution, and greenhouse gas emissions. Organic fertilizers, on the other hand, improve soil health, lower pollution levels, and contribute to a more sustainable agricultural system. This environmental benefit, combined with the rising organic food market, is driving up the demand for organic fertilizers. The rising demand for cost-effective and efficient organic fertilizers is enabling the market to grow at a CAGR of 11.32% from 2024 to 2031.
Organic Fertilizers MarketDefinition/ Overview
Organic fertilizers are organically derived compounds used to improve soil fertility and plant growth. They are made up of organic materials such as compost, manure, bone meal, fish emulsion, and other plant and animal byproducts. Organic fertilizers, unlike synthetic fertilizers, release nutrients slowly as they decompose, improving soil structure and increasing water and nutrient retention capacity.
Crop farming, horticulture, and landscaping are all agricultural disciplines. They are especially useful in sustainable and organic farming systems, where soil health and reduced chemical inputs are priorities. Organic fertilizers enhance soil aeration, promote beneficial microbial activity, and boost organic matter content, resulting in healthier and more resilient plants. They are applied in a variety of forms, including pellets, powders, and liquids, and can be mixed into the soil or used as a top dressing.
The future scope of organic fertilizers is hopeful as the demand for sustainable and ecologically friendly farming practices continues to expand. With growing knowledge of the detrimental effects of synthetic fertilizers on soil health and the environment, there is a trend toward organic farming and the use of organic inputs. Advances in biotechnology and composting processes are projected to increase the efficiency and nutrient content of organic fertilizers. Furthermore, government rules and customer preferences for organic produce are expected to boost the organic fertilizer market, resulting in innovations and increased use in both large-scale agricultural and home gardening.
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Will Soil Health and Productivity Drive the Organic Fertilizers Market?
Organic fertilizers improve soil structure, increase water retention, and promote beneficial microbial activity. These characteristics are critical for preserving long-term soil fertility and guaranteeing sustainable crop yield. Farmers are becoming more aware of the benefits of employing organic fertilizers to boost soil health, resulting in more resilient and productive agricultural systems. As soils improve, they can better support plant development, prevent erosion, and lessen the need for chemical inputs, making organic fertilizers an appealing alternative for sustainable agriculture.
Furthermore, as farmers become more aware of the importance of soil health in total agricultural output, they are increasingly adopting measures that promote soil regeneration. Organic fertilizers increase nutrient availability and soil biodiversity, which are essential for excellent crop yields and quality. This emphasis on soil health is not only helpful to the environment but also economically beneficial to farmers, as healthier soils result in higher crop performance and lower input costs over time.
Will Lower Nutrient Content and Slow Release Impact the Growth of the Organic Fertilizers Market?
Organic fertilizers’ lower nutritional content and gradual release features may have an impact on their market growth. Organic fertilizers often include lower levels of important nutrients such as nitrogen, phosphate, and potassium than synthetic fertilizers. Because of their lower nutritional density, organic fertilizers are frequently required in greater quantities to provide the same degree of nutrient supply as synthetic fertilizers. Furthermore, the slow-release characteristic of organic fertilizers, while advantageous to long-term soil health, may not meet the immediate nutrient needs of certain crops, especially in intensive farming systems where rapid nutrient uptake is critical for maximum growth and production.
This gradual release and lesser nutrient concentration might be problematic for farmers who require immediate results, particularly in high-yield, short-cycle crops. Farmers may be cautious to move from synthetic to organic fertilizers if they believe that their crops’ urgent nutrient demands cannot be met. This hesitancy can be especially noticeable in areas where farming practices are intensive and geared toward maximizing short-term output.
As a result, slower nutrient availability and the necessity for greater application rates may limit the appeal and adoption of organic fertilizers, reducing the market’s growth potential. To address this, continual research and innovation are required to improve the nutrient efficiency and delivery methods of organic fertilizers, making them more competitive with synthetic alternatives while maintaining long-term soil health benefits.
Category-Wise Acumens
Will Cost-Effective Option for Farmers Accelerate the Animal-Based Segment for the Organic Fertilizers Market?
In the organic fertilizer market, animal-based organic fertilizers, such as manure, bone meal, and fish emulsion, are frequently byproducts of livestock and poultry husbandry. Their availability as a byproduct may make them more cost-effective than plant-based or synthetic fertilizers. For farmers who already grow livestock, utilizing manure as fertilizer is an inexpensive and efficient approach to recycle nutrients inside their agricultural systems, minimizing the need to purchase external inputs. Animal-based organic fertilizers are an appealing alternative for cost-conscious farmers since they offer both waste management and soil fertilization.
Furthermore, animal-based fertilizers often contain a diverse range of critical nutrients, including nitrogen, phosphorus, and potassium, as well as micronutrients that promote plant growth. Their comparatively high nutritional content, when compared to some plant-based alternatives, can give more immediate advantages to crops by better meeting the nutrient demands of diverse agricultural systems. The economic advantage, along with the nutrient-rich profile of animal-based fertilizers, has the potential to boost adoption among farmers seeking effective and economical alternatives. As demand for sustainable and organic agricultural practices rises, the animal-based industry is expected to expand, thanks to its low cost and high nutrient efficiency.
Plant-based fertilizers, on the other hand, appear to be the fastest-growing area. This includes goods such as compost teas, seaweed extract, and cover crops. This segment’s expansion is being driven by increased demand for organic farming, particularly for specialty crops such as fruits and vegetables. Plant-based fertilizers have various benefits. They are a long-term solution for replenishing nutrients while minimizing environmental impact.
Will Occupying Vast Areas of Farmland Propel the Cereals and Grains Segment for the Organic Fertilizers Market?
Cereals and grains are staple crops that occupy large agricultural regions globally, which makes them an important target for organic farming approaches. Organic fertilizers, which promote soil health, increase nutrient availability, and improve overall crop resilience, are especially useful in large-scale farming operations. Organic fertilizers allow farmers to maintain soil fertility over time, reduce soil erosion, and lessen environmental impact when compared to conventional agricultural methods that rely on synthetic fertilizers.
Furthermore, rising consumer demand for organic cereals and grains drives the segment’s growth. Consumers are increasingly looking for organic products due to concerns about food safety, environmental sustainability, and nutritional value. This consumer desire motivates farmers to adopt organic techniques, including the use of organic fertilizers, to meet certification requirements and market needs. As a result, the cereals and grains section of the organic fertilizer market is expected to rise, owing to both agricultural land development and consumer demand for organic products.
Vegetables and fruits are projected to be the fastest-growing component of the organic fertilizer market by crop type. This increase is being driven by a growing consumer desire for organic fruits and vegetables, motivated by health and environmental concerns. Organic farming procedures are required to gain organic certification for these crops, resulting in increased demand for organic fertilizers that are specifically adapted to their demands.
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Country/Region-wise Acumens
Will Demand for Food Security Drive the Asian Pacific Region for the Organic Fertilizers Market?
The Asia-Pacific region dominates the organic fertilizer market. The Asia-Pacific region has a big and expanding population, which puts significant demand on agricultural production systems to provide food security. Organic fertilizers provide a sustainable solution by improving soil health, increasing nutrient availability, and encouraging long-term productivity without relying largely on synthetic inputs, which can deteriorate soil quality over time. As governments and farmers throughout Asia-Pacific focus on food security, there is a growing acknowledgment of the benefits of organic farming methods, such as the use of organic fertilizers, in achieving sustainable and resilient agricultural systems.
Furthermore, consumer awareness and preference for safe and ecologically friendly food items are increasing in the Asia-Pacific region. As urbanization and economic levels rise, people are increasingly more concerned about the quality and safety of their food options. Organic products, including those made using organic fertilizers, are regarded as healthier and safer than conventionally cultivated meals treated with synthetic chemicals.
Consumer demand is driving farmers and agricultural producers to embrace organic techniques and invest in organic fertilizers to achieve certification standards and capitalize on market prospects. As a result, the convergence of food security imperatives and consumer preferences is propelling the organic fertilizer market in the Asia-Pacific region, establishing it as a significant sector for market progress in the next years.
Will Increasing Export Potential Drive the Latin American Region for the Organic Fertilizers Market?
The fastest-growing region for the organic fertilizer market is likely Latin America. Latin America has abundant natural resources and ideal climatic conditions for agriculture, making it a major producer of agricultural commodities. As worldwide demand for organic products grows, Latin American countries have an opportunity to benefit from their large agricultural resources by transitioning to organic farming practices, including the use of organic fertilizers. The region’s ability to manufacture organic fertilizers from abundant biomass resources such as crop residues, animal manure, and organic waste distinguishes it as a competitor in the worldwide organic fertilizer industry.
Latin American countries are increasingly focusing on sustainable farming methods to comply with worldwide organic certification criteria and regulations. Organic fertilizers can help farmers in the region increase soil health, reduce environmental impact, and improve crop quality while satisfying the demanding standards of export markets. The expanding global demand for organic food products, combined with Latin America’s export-oriented agriculture sector, presents potential for market expansion in organic fertilizers. As exporters seek to meet importing countries’ organic certification standards, the use of organic fertilizers becomes a strategic advantage for Latin American agricultural producers, fueling regional market expansion.
Competitive Landscape
The organic fertilizers market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support.
The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the organic fertilizers market include
- Nature Safe
- Tata Chemicals Limited
- Agro care Canada
- The Scotts Miracle-Gro Company
- Biostar Systems LLC
- Coromandel International Limited
- Sustane Natural Fertilizer Inc
- National Fertilizers Limited
- Italpollina SpA
- Midwestern Bio AG
Latest Developments
- In February 2024, SureSource Agronomy, based in Ontario, launched a new crop fertilizer line. The items are made from leftover cricket feed materials, exoskeletons, and excrement.
- In March 2023, Windfall Bio, a US-based company, raised USD 9 million in a seed round. The company will use this investment to create an innovative solution for converting hazardous methane emissions into organic fertilizers.
- In July 2023, Yara announced the opening of its first water-soluble fertilizer facility in China. This installation supports Yara China’s objective to provide sustainable solutions for local agriculture.
- In November 2023, K+S Aktiengesellschaft partnered with Elixir Group to build a facility producing crystalline water-soluble fertilizer monoammonium phosphate (MAP). The factory in Prahovo, eastern Serbia, will manufacture 50,000 tonnes of mono ammonium phosphate annually.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2021-2031 |
Growth Rate | CAGR of ~11.32% from 2024 to 2031 |
Base Year for Valuation | 2024 |
Historical Period | 2021-2023 |
Forecast Period | 2024-2031 |
Quantitative Units | Value in USD Billion |
Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
Segments Covered |
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Regions Covered |
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Key Players | Nature Safe, Tata Chemicals Limited, Agro Care Canada, The Scotts Miracle-Gro Company, Biostar Systems LLC, Coromandel International Limited, Sustane Natural Fertilizer Inc, National Fertilizers Limited, Italpollina SpA, and Midwestern Bio AG. |
Customization | Report customization along with purchase available upon request |
Organic Fertilizers Market, By Category
Source
- Mineral
- Plant
- Animal
Crop Type
- Cereals and Grains
- Vegetables and Fruits
- Oilseeds and Pulses
Form
- Liquid
- Dry
Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
Research Methodology of Market Research
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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