Increasing Area for Organic farming Driving Organic Fertilizers Industry

The area attributed for organic farming has witnessed significant growth in the past few years, owing to a number of factors. Several private and public players have made considerable investments in organic food supply chain. In addition to this, people are widely organic food products due to their perceived health benefits and the fact that their production includes low chemical leaching. The price for organic food is also high, since it majorly catering to high-end population in developed countries.

Ascribed to these factors, the global organic fertilizers market is predicted to grow at a considerable pace in the years to come. Furthermore, according to the data by the Research Institute of Organic Agriculture, government initiatives and policies, equivalence agreements between countries for product benchmarking, certification, and labeling, and participatory guarantee systems are compelling landowners to move towards organic farming. This is further expected to drive the demand for organic fertilizers in the years to come.

The penetration of retail markets of organic food & beverages in European and North American countries is also expected to result in the high demand for organic fertilizers in the coming years. Countries including the U.S., France, and Germany are particularly driving the demand for organic food products, which can be ascribed to the high per capita income in these countries. The demand for these food products is also projected to rise in these regions in the coming years, thereby opening up opportunities for companies in the market.

The organic fertilizers market is projected to reach $14,746.2 million by 2030, increasing from $4,512.1 million in 2019, progressing at a 14.1% CAGR during the forecast period (2020–2030). When source is taken into consideration, the market is divided into animal, plants, and others, between which, the animal division held the major share of the market in the past. The division is further projected to dominate the market during the forecast period, owing to the high preference for these fertilizers among users.

Organic fertilizers that are derived from blood meal, bone meal, and animal waste are rich in potassium, nitrogen, and phosphorous. These are the major nutrients that are need by plants for growth. Such benefits of animal manure will result in the high demand for these products during the forecast period. Geographically, the European region held the largest share of the organic fertilizers market during the historical period (2015–2019).

The region is home to the largest tract of organic arable land around the world, owing to which organic cultivation is growing in the region in a number of countries, such as Italy, Spain, France, and Germany. Moreover, the high per capita income of people in the region is also creating high demand for organic food, in turn, driving the demand for organic fertilizers. Other than this, the demand for organic fertilizers is also projected to rise in Latin American and Africa countries in the coming years.

Hence, the market is witnessing growth due to the increasing demand for organic food products growing acreage for organic farming.

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