Organic Fertilizer Market To Surpass 10.23 Billion By 2025

Posted by Vinay on September 27th, 2017

With the increasing utilization of pesticides and chemical composts, the quality of soil has witnessed a substantial dip. In order to pace up with increasing demand for substantial methods of agriculture, governments globally are supporting farmers to convert their land into organic. In addition, with the growing awareness regarding environmental and health related issues, particularly in the E.U and U.S., has led to a strong demand for organic food over the coming years. The global organic fertilizer market is expected to witness a growth of 7% CAGR over the forecast period, 2017-2025.

Growing awareness among customers regarding the safety and quality of food has fuelled demand for organic products in the coming years. Moreover, growing concerns regarding the negative impacts of fertilizers, drugs and pesticides among customers will propel growth of the global organic fertilizer market in the coming years. Major part of the organic fertilizer is derived from animal and plant sources in order to meet growing demand in the coming years.

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As harmful pesticides and fertilizers lead to growth in algae, animals and environmental sources witness relatively more demand as compared to the conventional fertilizers. Additionally, chemicals that are used in conventional farming are further harmful for human consumption, which is further fuelling growth of the global organic fertilizer market in the coming years. Furthermore, plant and animal based fertilizers lead to growth of the earthworms and help in other microbiological activities that are vital for growth of plants. Moreover, subsidies and government initiatives are further promoting growth of the global organic fertilizers market in the span of eight years.

Animal sources among other sources will account for major market share of over 50%, and will account for over US$ 3,300 Mn in the span of next eight years. In addition, animal sources will retain dominance in the global organic fertilizer market over the coming years. Plant source among other sources will hold a market share of over 40% in 2017, and will lode 10 BPS in the market share globally in the span of next seven years. Moreover, the plant based organic fertilizers will witness a significant growth beyond 2020.

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The organic fertilizer market in North America among other regions will gain 170 BPS in the coming years. In addition, the organic fertilizer market in North America will grow at 7.4% CAGR over the coming years. The organic fertilizer market in Latin America among other regions will lose 30 BPS in the span of next eight years. Animal based organic fertilizers will create an incremental opportunity of 1.6x as compared to organic fertilizers that are based on plants in the organic fertilizer market in Europe over the coming years. Whereas, the plant based organic fertilizers segment in APAC will witness a growth of 8.5% CAGR, and reach a market value of over US$ 1,500 Mn in the span of next eight years.

Leading players operating in the global organic fertilizer market include ILA S.p.A, Italpollina SpA, Sustane Natural Fertilizer Inc., BioStar Renewables, California Organic Fertilizers Inc., True Organic Products Inc., Purely Organic LLC, The Fertell Company, Qingdao Sonef Chemicals Co., Ltd. and Pupuk Kaltim.

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