Global Organic Fertilizer Market Revenue & Industry Analysis By 2027

Market Overview:

Organic fertilizers are derived from organic sources such as plant and animal waste and the raw materials can range from cow manure to organic compost. Kelp, guano, bone and blood meals, molasses, and fish emulsions are some of the organic materials used to develop organic fertilizers. it promotes healthy soil and is considered a more environmentally friendly solution. Organic fertilizers enable loosen of soil, retain more moisture & nutrients and also promote the healthy growth of micro-organisms which ultimately encourages the healthy growth of plants. it reduce the need for pesticides that contain chemicals that are useful as well as harmful to the soil.

The global organic fertilizer market is projected to reach around US$ 12.5 billion by the end of 2027, in terms of revenue, growing at a CAGR of 7.2% during the forecast period (2019-2027).

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Market Drivers:

Growth in the sale of organic food especially in the U.S. and Europe due to rising awareness regarding the health benefits of consuming organic food is expected to propel the market growth of organic fertilizer. According to Organic Denmark, organic sales in Denmark have experienced the highest growth from 2017 to 2018. The organic food sale increased by 14 %. 11.5 percent of the Danes' grocery shopping is organic and this is the largest share compared to any other country in the world.

Rising concern over the environment as synthetic fertilizers have a negative impact on the environment such as impacting soil fertility and environmental degradation is driving the demand for organic fertilizers. it improve soil fertility, conserve water by avoiding the flow of harmful pesticides into water bodies that leads to the growth of algae (eutrophication). This factor is propelling the market growth of organic fertilizers.

On basis of the region, the Europe region dominated the global organic fertilizer market in 2018, accounting for 37.9% share in terms of volume, followed by the Asia Pacific and North America respectively.

Market Opportunities:

The rising adoption of organic farming among farmers subjected to the rising need for a sustainable environment is projected to provide numerous growth opportunities to the market of organic fertilizers. According to the Organic without Boundaries, in 2017, organic land area increased on all continents and a total of 69.8 million hectares of land were organically farmed.

Increasing government support through targeted subsidies, and growing investment in the research and development programs for developing novel organic fertilizers is projected to provide numerous growth opportunities. Moreover, the government is also providing capital investment to the producers in order to set up animal/plant waste-based organic fertilizers plants.

Key players operating in the global organic fertilizer market are Italpollina spa, ILSA S.p.A, Biostar Renewables, Plantin, Sustane Natural Fertilizer Inc., True Organic Products Inc., California Organic Fertilizers Inc., The Fertrell Company, Purely Organics LLC, Pupuk Kaltim, and Qingdao Sonef Chemical Co., Ltd

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