The organic fertilizers market is segmented by Raw Material Type (Plant-based Fertilizers [Green Manure, Seaweed Extract, and other] and Animal-based Fertilizers [Blood Meal, Animal Manure, Bone Meal, and Other]), by Crop Type (Cereal & Grains [Wheat, Maize/ Corn, Rice, and Other Cereals & Grains], Oilseeds & Pulses, Fruits & Vegetables, Turf and Ornaments, and Others), by Form Type (Dry [Granular Organic Fertilizers, Organic Fertilizer Pellets, Organic Fertilizer Powders, and other Dry Organic Fertilizers], Liquid, and Others), and by Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, and Rest of Europe], Asia-Pacific [China, Japan, India, South Korea, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, Israel, and Others]).
The organic fertilizers market is segmented by Raw Material Type (Plant-based Fertilizers [Green Manure, Seaweed Extract, and other] and Animal-based Fertilizers [Blood Meal, Animal Manure, Bone Meal, and Other]), by Crop Type...
"The Organic Fertilizers Market was valued at US$ 8.4 billion in 2021 and is anticipated to generate US$ 12.9 billion by 2028. The market is projected to experience growth at a CAGR of 5.1% from 2022 to 2028".
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Market Dynamics
Introduction
Organic fertilizers are natural fertilizers made from organic materials, such as animal waste, plant residues, and compost. They provide plants with the necessary nutrients, such as nitrogen, phosphorus, and potassium, in a slow-release form that is more easily absorbed by plants. Organic fertilizers also help to improve soil health and structure by increasing soil organic matter, promoting microbial activity, and enhancing soil water-holding capacity.
Organic Fertilizers Market Report Overview
Market Size in 2028
USD 12.9 Billion
Market Size in 2021
USD 8.4 Billion
CAGR (2022-2028)
5.1%
Base Year of Study
2021
Trend Period
2016-2020
Forecast Period
2022-2028
Market Drivers
The scope of organic fertilizers is vast, as they offer a range of benefits to both plants and the environment. Some of the key advantages of using organic fertilizers include increased soil fertility, environmental friendliness, cost-effectiveness, and sustainability. Organic fertilizers help to improve soil fertility and structure by adding nutrients, increasing soil organic matter, and promoting microbial activity. These are made of natural materials, which reduces the risk of environmental contamination from synthetic fertilizers. Moreover, it provides much-required nutrients in a slow-release form, which ensures that plants receive a steady supply of nutrients and reduces the risk of over-fertilization.
The agriculture industry is a significant source of income for a large portion of the world's population. Due to the increasing impact of climate change and harm to ecological systems, there has been a growing adoption of organic fertilizers, which offer benefits to the environment. However, climate change remains a limiting factor for market growth. On the other hand, the rising demand for organic food, particularly in Europe and North America, which import food from the Asia-Pacific region, presents an opportunity for market growth.
Recent Development
In October 2022, ACI Biolife Fertilizer and the Bangladesh Institute of Nuclear Agriculture (BINA) inked an MoU for Biofertilizer, i.e., Trichoderma development and testing.
In September 2022, Corteva Agriscience acquired Symborg, an expert in microbiological technologies based in Murcia, Spain.
In March 2022, Rizobacter expanded and commercialized its products to other African countries apart from South Africa, including Malawi, Zambia, Nigeria, Ghana, Uganda, Kenya, Sierra Leone, and Tanzania.
In August 2021, Harsco Environmental launched its new line of ORGANO-CAT® organic fertilizers. These fertilizers are made from recycled organic waste and are designed to improve soil health and promote plant growth.
In September 2021, Humic Growth Solutions launched its new line of Huma Gro® organic fertilizers. These fertilizers are made from plant extracts and are designed to enhance soil biology and plant nutrition.
In December 2021, BioStar Renewables launched its new line of organic fertilizers called BioFert. These fertilizers are made from plant-based materials and are designed to improve soil health and plant growth.
Segment Analysis
By Form Type
Dry-type organic fertilizers are usually made from organic materials such as animal waste, plant matter, and other organic sources. They provide numerous benefits, such as improving soil quality, enhancing plant growth and yield, and reducing environmental pollution. The scope of dry-type organic fertilizers includes their use in various applications, such as agriculture, horticulture, turf management, and landscaping. They are suitable for a wide range of crops and can be used for both indoor and outdoor plant cultivation.
Additionally, dry-type organic fertilizers can be customized based on specific crop requirements and soil conditions, making them a versatile option for farmers and gardeners. As the demand for sustainable and eco-friendly farming practices increases, the use of dry-type organic fertilizers is expected to continue to grow.
By Crop Type
"The cereal-based segment will record the highest growth rate during the forecast period".
The cereal-based segment will record the highest growth rate during the forecast period. The use of organic fertilizers can help to reduce the environmental impact of cereal production. Organic fertilizers are typically made from natural and renewable sources, such as plant and animal waste, which are less likely to contribute to soil and water pollution. In contrast, synthetic fertilizers can cause pollution and have negative impacts on soil health and biodiversity.Overall, the use of organic fertilizers in cereal production has the potential to improve the sustainability of agriculture while promoting healthy and nutritious food production.
Region Analysis
"Asia-Pacific is expected to remain the largest market for organic fertilizers during the forecast period".
Asia-Pacific is expected to remain the largest market for organic fertilizers during the forecast period. The scope of organic fertilizers in the Asia-Pacific is vast, as the region is home to some of the world's largest agricultural economies, including China, India, and Indonesia. In recent years, there has been a growing demand for organic fertilizers in the region due to increased awareness about the harmful effects of synthetic fertilizers on the environment and human health.
The adoption of organic farming practices is also being driven by government initiatives and policies aimed at promoting sustainable agriculture and reducing the use of synthetic fertilizers and pesticides. For instance, India has implemented a national program for organic production to encourage the use of organic fertilizers and promote organic farming.
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Key Players
The market for organic fertilizers is divided among major global and local players. Companies are utilizing strategies such as partnering with government organizations, expanding their market presence, and innovating their product offerings to stay competitive in the market. The following are the key players in the Organic Fertilizers Market (arranged alphabetically)
Note: The above list does not necessarily include all the top players in the market.
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Report Features
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In-depth analysis of the organic fertilizers market
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The market forecast and trend data and emerging trends
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Global, regional, and country-level historical data and forecasts
Which are the most attractive market segments?
Market Segment Analysis and Forecast
What are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
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Drivers & challenges
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More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.
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Organic fertilizers are natural fertilizers made from organic materials, such as animal waste, plant residues, and compost. They provide plants with the necessary nutrients, such as nitrogen, phosphorus, and potassium, in a slow-release form that is more easily absorbed by plants. Organic fertilizers also help to improve soil health and structure by increasing soil organic matter, promoting microbial activity, and enhancing soil water-holding capacity.
Asia-Pacific is expected to remain the largest market for organic fertilizers during the forecast period. The scope of organic fertilizers in the Asia-Pacific is vast, as the region is home to some of the world's largest agricultural economies, including China, India, and Indonesia.
