Fertilizers Market Is Anticipated to Cross USD 18 Billion, With A CAGR Of Over 7% From 2022 To 2031Posted by Kaustubh Ravan on July 3rd, 2024 The global market for organic fertilizers was estimated to have acquired a market valuation around US$ 9.9 billion in 2022. The market is likely to garner a steady 7.3% CAGR from 2022 to 2031 and by 2031, the market is likely to gain US$ 18.6 billion. The market for organic fertilizers is seeing strong growth, mostly due to increased consumer demand for environmentally friendly fertilizers as well as sustainable farming methods. The use of organic fertilizers is being sparked by consumer demand for healthier food alternatives and a growing awareness of how traditional agricultural practices affect the environment. Request Sample Report on Organic Fertilizers Market Analysis 2031. TMR - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=29417 Global Organic Fertilizers: Key Players The market for organic fertilizers is widely fragmented, with several small-scale providers having the majority Share. Leading producers of organic fertilizer are making large investments in thorough research and development, especially to provide environmentally friendly products. A number of businesses are strategically partnering to speed up the development of animal feed along with manure products and extend their business lines in domestic and foreign markets. The Scotts Miracle-Gro Company, PT. Tridharma Tata Perkasa, Tata Chemicals, Thai Central Chemical Public Company Limited, PT. Jadi Mas, Bio-Flora (Singapore) Pte Ltd., PT. Pupuk Kalimantan Timur and Subsidiaries, Baconco Co., Ltd., Cropmate Fertilizers, and ILSA Group are some of the major players in the market. Some developments by the key players in the global market for organic fertilizers are:
A significant factor is the rising public consciousness of the health advantages of eating organic food. Customers view organic items as safer and healthier since they don't often contain the dangerous chemical residues present in conventionally farmed food. Consumers are becoming more and more worried about how conventional agricultural methods affect the environment. In traditional agriculture, the application of synthetic fertilizers leads to soil erosion, water pollution, as well as greenhouse gas emissions. Organic fertilizers, on the other hand, support soil health, increase nutrient cycling, and raise water and air quality. According to a poll by the Organic Trade Association, 82% of consumers who buy organic products list environmental advantages as their top consideration. Key Findings of Market Report
Market Trends for Organic Fertilizers
Global Organic Fertilizers Regional Market Outlook
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