Organic Fertilizers Market to Record Steady Growth by 2022

The organic fertilizers market is estimated to be valued at USD 6.30 billion in 2017 and is projected to reach USD 11.16 billion by 2022, at a CAGR of 12.08% during the forecast period. According to the International Fertilizer Association, "fertilizers are any solid, liquid or gaseous substances containing one or more plant nutrients, which are either applied to the soil, directly on the plant (foliage) or added to aqueous solutions (fertigation), in order to maintain soil fertility, improve crop development, yield and crop quality."

Organic fertilizers refer to those categories of fertilizers that are produced out of naturally derived components and have no inclusion of synthetic chemicals or materials in their preparation.

Increasing land area under organic cultivation

Globally, the agricultural land area under organic cultivation increased by a CAGR of 10.7% between 2000 and 2017, wherein it stood at about 69.2 million hectares in 2017, more than 1% of agricultural land globally.

This also denotes an addition of 11 million hectares or about 18.9% increase in 2017, over the 2016 levels.

Download PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=171744317

Advances in organic fertilizers’ manufacturing process

In the emerging economies, currently, the manufacturing of organic fertilizers is not mainstream, with still higher reliance on on-farm production of such fertilizers, using in-house composting and vermicomposting methods. The manufacturing of organic fertilizers in these regions also suffers from a lack of investment, which results in the utilization of outdated processes and equipment for the manufacturing process, and in turn, impacts the quality, quantity, and nutritional dynamics of the organic fertilizers so produced.

However, due to significant developments in developed regions, including that of North America and Europe, the production of organic fertilizers is increasingly being commercialized and includes specialized production processes, techniques, and equipment. Here, all the stages of production are specialized and can be divided into several processes, such as:

1. Compost stage (hydraulic compost turner)
2. Raw material crushing (fertilizer crusher)
3. Material mixing (fertilizer mixer)
4. Fertilizer granulation (organic fertilizer granulator)
5. Fertilizer drying and cooling (fertilizer dryer and cooler)
6. Fertilizer packaging (automatic fertilizer packager)

This commercialization and specialization ensure economies of scale and capacity building, which result in ensuring the delivery of value-added products into the market. This, in turn, impacts the penetration or adoption rate of organic fertilizers and serves as the basis for which the increasing demand for organic fertilizers could be met effectively to cater to the growing demand for organic food, globally.

Asia Pacific is projected to witness the fastest growth in the market during the forecast period. In terms of value, the market is experiencing high growth around the globe, especially in the Asia Pacific region. Increase in per capita income leads to high demand for organic food, which also drives the market for organic fertilizers in this region. Along with this, advancements in communication technology have enabled people to become aware of the growth and wellness dynamics, which has boosted this market globally, especially in developing countries such as Brazil and India. The major crops produced in these countries include fruits & vegetables, cereals, and grains. The key countries that play an important role in agriculture include India, China, and Australia. Cotton, sugarcane, fruits & vegetables, and cereals are the leading agricultural commodities exported from these countries.

Make an Inquiry:https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=171744317

The key players such as Tata Chemicals Limited (India), The Scotts Miracle-Gro Company (US), Coromandel International Limited (India), National Fertilizers Limited (India), Krishak Bharati Cooperative Limited (India) are focusing on adopting growth strategies to expand in the global market. These companies have a strong presence in India and North America. In addition, these companies have manufacturing facilities across these regions, with a strong distribution network.

Marker Research Report Insights & Consulting.