ID: MRFR/AGR/2744-HCR | February 2021 | Region: Global | 110 pages
The Organic Fertilizers Market has seen rapid growth owing to rising health consciousness among people. Organic Fertilizers industry is expected to grow at Significant CAGR from 2019 to 2023 as per MRFR Analysis.
Organic Fertilizers on contrary to chemical fertilizers, not only provide nutrients to the soil but also maintain soil health. The rising literacy rate and purchasing power of people have made the switch to healthy foods over more food.
Organic Fertilizers are a key input for growing healthy food and for maintaining soil health. Thus, the organic fertilizers market is expected to increase substantially in the upcoming years. The Compound Annual Growth Rate (CAGR) for the current forecast period of 2021-2028 is estimated to be around 13 % for this market.
Covid - 19 Analysis of Organic Fertilizers Market
Covid 19 had serious impacts on most of the industries worldwide and Organic Fertilizers market is not an exception too. Though agricultural activities were continuing during the period farmers had to face a shortage in supplies. These problems were a result of disruptions in supply chains owing to restrictions.
The organic fertilizers market showed only moderate growth during the period. In fact, the industry is yet to recover from the impact. Moreover, the closure of production units and distributor outlets is also a major cause of the decline in sales.
However, there was an uprise in positive views towards organic farming. Many local farmers around the globe got a chance to connect directly with their local customers. Embracing natural farming from these customers has influenced such cultivators to try organic fertilizers.
Awareness among people about the possible benefits of organic farming is increasing with time. This will lead to the market growth of organic produce as well as organic fertilizers. Moreover, the rising bourgeoisie population has increased the demand for quality food. To meet the rising demand, many farmers are shifting towards organic agriculture. This will definitely increase the market share of organic fertilizers.
Another reason for the increasing area under organic agriculture is the better price for organic produce. Organic produce being higher in quality fetches good remuneration for farmers. So, the farmers are easily motivated to practice organic farming. Moreover, Organic Fertilizers Market sustain soil productivity for a long time which is not possible with chemical fertilizers.
Governments and different regulatory bodies around the globe are putting a bar on many chemical fertilizers. This will also propel the farmers to go for organic fertilizers. In addition, awareness and promotion of organic agriculture by governmental bodies are bringing a major change in the fertilizer market. Analyzing all these factors with the rising population, organic fertilizers are expected to play a greater role in farming during the forecast period.
As every good product has some limitations, organic fertilizers market with immense benefits also have some drawbacks. The first is that the production process of organic fertilizers often exceeds the price of chemical fertilizers. Hence, organic fertilizers being Healthy to soil has a less cost-benefit ratio for the short term.
Although we generate a large amount of organic waste, very few go for proper utilization. Therefore, it is creating a shortage of raw materials for fertilizer production. It is still a daunting task to channelize the collection of raw materials for organic fertilizers production.
Moreover, organic fertilizers are bulky in comparison with chemical fertilizers except for some biofertilizers. Hence, the total nutrients derived from a unit quantity of organic fertilizers is much less than that of chemical fertilizers.
Lack of knowledge about organic fertilizers among the farmers of developing and underdeveloped countries is also a major hindrance. The farmers, aware of its importance, go for the application of locally available materials rather than buying them from the market.
Organic fertilizers are soil nutrition substances that are derived from organic sources such as plants and animals. Fertilizers are a substance which can add nutrition to the soil. Hence, two types of Fertilizers are available based on their source of extraction:
Organic fertilizers comprise plants and animal products, wastes, microbial concentrate, and natural minerals, etc. As we source them from natural substances, they cause no harm to soil and improve soil properties. On the other hand, chemical fertilizers damage the microbial activity of soil causing long-term damage. Moreover, organic fertilizers are rich in micronutrients, plant growth hormones and act as a conditioner to the soil. It also helps in sustaining soil properties which are essential for crop growth and healthy food production. The commonly available organic fertilizers are manures, worm castings, oil cakes, blood meal, guano, biofertilizers, etc.
On basis of the source of production, the organic fertilizers market is divided as: -
The animal-based fertilizer segment is showing higher growth among the other types. Such fertilizers being rich in nitrogen and phosphorus content greatly helps in improving soil productivity. Besides this, animal-based organic fertilizers are also rich in secondary micronutrients such as Calcium and Magnesium.
Secondly, on the basis of crop source biofertilizers market is segmented as:
Fruits and vegetables are the fastest growing market segment due to the rising importance of their inclusion in the diet. However, cereals and pulses hold the largest market share. It is due to their large area under cultivation and importance regarding food security.
Thirdly, on the basis of certifications, the Organic Fertilizers Market is segmented as: -
Moreover, on the basis of form, we can classify the organic fertilizers market into
Out of these two types, liquid organic fertilizers are showing a higher growth rate. This growth is supported by its property of faster absorbability. Liquid fertilizers are more rapidly available to plants than any other form and are easy to apply. However, dry fertilizers hold the largest market share due to their easy production and traditional market.
On the basis of regions, we can divide the global organic fertilizers market as:
Europe holds the largest share of the global organic fertilizers market. In fact, Europe has a large area ( 13.8 million hectares ) under organic cultivation. Countries such as Sweden, Austria, Denmark & Germany are the biggest market for organic fertilizers. Moreover, the high purchasing power of people in this region makes farmers able to spend on organic inputs.
However, Asia- Pacific is the fastest-growing market. Favorable government policies, rising literacy rates, and purchasing power are the main contributors to the growth. The North - American region is also expected to witness moderate growth in market share during the forecast period.
The organic fertilizers market is represented by different key players around the globe. Some of the key global and regional players of this market are:
Some of the recent developments influencing the organic fertilizers market are :
In March 2019, Italpollina SpA the global leader of organic fertilizers acquired Horticultural Alliance Inc, specializing in the organic method of plant health management.
All stakeholders of the organic fertilizers market can benefit from this report. It will be more helpful to those who are directly connected with the organic fertilizers market such as:
This report provides overall information about the organic fertilizers Market. It contains market details in terms of current value and future forecasts. Moreover, we have identified opportunities regarding the organic fertilizers market and also restraints for its growth. Furthermore, this report provides an overview of market expansion in terms of different segments in different regions around the globe. This report also provides information about key players in the market and some recent developments.
Frequently Asked Questions (FAQ) :
Organic fertilizers are soil nutrition substances that are derived from organic sources such as plants and animals.
The liquid form of organic fertilizers is showing a faster growth rate. It is easy to apply and is more quickly available to plants than other forms.
Europe is expected to show the highest market growth during the current forecast period. Europe has a large land area under organic cultivation and a high purchasing capacity of farmers.
Table of Contents:
1. Executive Summary
2. Market Introduction
2.2 Scope of the study
2.2.1 Research Objectives
2.3 Markets Structure
3. Research Methodology
3.1 Research application
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
3.5 Market Size Estimation
4. Market Dynamics
5. Market Trends
5.1 Trends in Supply/Certifications
5.2 Trends in Demand/Consumption
5.3 Emerging Markets (Supply & Demand)
5.4 Emerging Brands
5.5 Trade (Import-export) Analysis
5.6 Innovations in Certifications/application
5.7 Macroeconomic indicators Analysis for top 5 Producing countries
6. Market Factor Analysis
6.2 Value Chain Analysis
6.3 Porter’s Five Forces
6.4 Supply Chain Analysis
7. Market by Source
7.2 Market size (sub segments)
8. Market by Crop
8.2 Market size (sub segments)
8.2.1 Oilseeds & Pulses
8.2.2 Cereals & Grains
8.2.3 Fruits & Vegetables
9. Market by Certifications
9.2 Market size (sub segments)
9.2.1 100% Organic
9.2.2 95% Organic
10. Market by Form
10.2 Market size (sub segments)
11. Market by Region
11.1.1 North America
188.8.131.52 Rest of Europe
11.3 Asia Pacific
184.108.40.206 Rest of Asia Pacific
220.127.116.11 South Africa
12. Competitive landscape
12.2 Certifications Launch/Development
12.3 Partnerships and collaborations
12.5 Business Expansion
13. Company Profiles
13.1 Tata Chemicals Ltd. (India)
13.2 Midwestern BioAg (U.S.)
13.3 Coromandel International Limited (India)
13.4 Agrocare Canada (Canada)
13.5 Italpollina S.p.A. (Italy)
13.6 The Scotts Miracle-Gro Company (U.S.)
13.7 Suståne Natural Fertilizer, Inc. (U.S.)
LIST OF TABLES
TABLE 1 PESTLE ANALYSIS - U.S.
TABLE 2 PESTLE ANALYSIS- IRELAND
TABLE 3 PESTLE ANALYSIS- CHINA
TABLE 4 PESTLE ANALYSIS- JAPAN
TABLE 5 PESTLE ANALYSIS- GERMANY
TABLE 6 KEY SUPPLIERS OF RAW MATERIALS FOR ORGANIC ORGANIC FERTILIZERS
TABLE 7 GLOBAL ORGANIC ORGANIC FERTILIZERS MARKET, BY SOURCE, (2020–2027), USD MILLION
TABLE 8 GLOBAL ORGANIC ORGANIC FERTILIZERS MARKET, BY CROP, (2020–2027), USD MILLION
TABLE 9 GLOBAL ORGANIC ORGANIC FERTILIZERS MARKET, BY CERTIFICATIONS, (2020–2027), USD MILLION
TABLE 10 GLOBAL ORGANIC ORGANIC FERTILIZERS MARKET, BY FORM, (2020–2027), USD MILLION
TABLE 11 GLOBAL ORGANIC ORGANIC FERTILIZERS SALES AND GROWTH RATE (2020–2027) USD MILLION
TABLE 12 GLOBAL ORGANIC ORGANIC FERTILIZERS MARKET TOP 5 COUNTRIES
TABLE 13 GLOBAL ORGANIC ORGANIC FERTILIZERS MARKET TOP COMPANIES-USD MILLION
TABLE 14 NORTH AMERICAN ORGANIC ORGANIC FERTILIZERS MARKET, BY SOURCE, (2020–2027) USD MILLION
TABLE 15 NORTH AMERICAN ORGANIC ORGANIC FERTILIZERS MARKET, BY CROP, (2020–2027) USD MILLION
TABLE 16 NORTH AMERICAN ORGANIC ORGANIC FERTILIZERS MARKET, BY CERTIFICATIONS, (2020–2027), USD MILLION
TABLE 17 NORTH AMERICAN ORGANIC ORGANIC FERTILIZERS MARKET, BY FORM, (2020–2027), USD MILLION
TABLE 18 EUROPEAN ORGANIC ORGANIC FERTILIZERS MARKET, BY SOURCE, (2020–2027) USD MILLION
TABLE 19 EUROPEAN ORGANIC ORGANIC FERTILIZERS MARKET, BY CROP, (2020–2027) USD MILLION
TABLE 20 EUROPEAN ORGANIC ORGANIC FERTILIZERS MARKET, BY CERTIFICATIONS, (2020–2027), USD MILLION
TABLE 21 EUROPEAN ORGANIC ORGANIC FERTILIZERS MARKET, BY FORM, (2020–2027), USD MILLION
TABLE 22 APAC ORGANIC ORGANIC FERTILIZERS MARKET, BY SOURCE, (2020–2027) USD MILLION
TABLE 23 APAC ORGANIC ORGANIC FERTILIZERS MARKET, BY CROP, (2020–2027) USD MILLION
TABLE 24 APAC ORGANIC ORGANIC FERTILIZERS MARKET, BY CERTIFICATIONS, (2020–2027), USD MILLION
TABLE 25 APAC ORGANIC ORGANIC FERTILIZERS MARKET, BY FORM, (2020–2027), USD MILLION
TABLE 26 REST OF THE WORLD ORGANIC ORGANIC FERTILIZERS MARKET, BY SOURCE, (2020–2027) USD MILLION
TABLE 27 REST OF THE WORLD ORGANIC ORGANIC FERTILIZERS MARKET, BY CROP (2020–2027) USD MILLION
TABLE 28 REST OF THE WORLD ORGANIC FERTILIZERS MARKET, BY CERTIFICATIONS, (2020–2027), USD MILLION
TABLE 29 REST OF THE WORLD ORGANIC ORGANIC FERTILIZERS MARKET, BY FORM, (2020–2027), USD MILLION
TABLE 30 COMPETITIVE LANDSCAPING BASED ON FINACIALS DURING THE YEAR 2020
LIST OF FIGURES
FIGURE 1 RESEARCH METHODOLOGY
FIGURE 2 PRIMARY DATA ANALYSIS APPROACH
FIGURE 3 SECONDARY DATA ANALYSIS APPROACH
FIGURE 4 TREND IN ORGANIC ORGANIC FERTILIZERS IMPORTS 2020
FIGURE 5 GROWTH RATE IN ORGANIC ORGANIC FERTILIZERS IMPORTS 2020
FIGURE 6 ORGANIC ORGANIC FERTILIZERS IMPORTS MARKET SHARE BY TOP 5 IMPORTERS (2020)
FIGURE 7 TREND IN ORGANIC ORGANIC FERTILIZERS EXPORTS 2020
FIGURE 8 GROWTH RATE ORGANIC ORGANIC FERTILIZERS EXPORTS 2020
FIGURE 9 ORGANIC ORGANIC FERTILIZERS EXPORTS MARKET SHARE BY TOP 5 EXPORTERS (2020)
FIGURE 10 VALUE CHAIN ANALYSIS
FIGURE 11 COST ANALYSIS: ORGANIC ORGANIC FERTILIZERS
FIGURE 12 PORTER’S FIVE FORCES ANALYSIS
FIGURE 13 ORGANIC ORGANIC FERTILIZERS MARKET TRENDS BY SOURCE
FIGURE 14 ORGANIC ORGANIC FERTILIZERS MARKET TRENDS BY CROP
FIGURE 15 ORGANIC ORGANIC FERTILIZERS MARKET TRENDS BY CERTIFICATIONS
FIGURE 16 ORGANIC ORGANIC FERTILIZERS MARKET TRENDS BY FORM
FIGURE 17 FINANCIALS