Global Organic Fertilizers Market Outlook
In the year 2022, the organic fertilizers market was estimated to be valued at USD 5.9 billion, and projections indicate a noteworthy expansion in the coming years. The market is expected to grow from USD 6.66 billion in 2023 to USD 13.78 billion by the year 2030, showcasing a robust compound annual growth rate (CAGR) of 12.89% during the forecast period spanning from 2023 to 2030. Several factors contribute to the rising market share of organic fertilizers, including the increasing adoption of organic agricultural practices, augmented government support in the form of targeted subsidies, and a growing public awareness regarding the benefits associated with the use of organic fertilizers.
Click Here to Get Sample Premium Report : https://www.marketresearchfuture.com/sample_request/4076
The surge in demand for organic fertilizers is attributed to the adverse environmental impacts associated with synthetic fertilizers, such as diminished soil fertility and environmental damage. Organic fertilizers are gaining prominence for their ability to enhance soil fertility while preventing the entry of toxic pesticides into bodies of water. Comprising ingredients like earthworm castings, cow dung, agricultural waste, and animal waste, organic fertilizers contribute to water retention in the soil. Furthermore, these fertilizers play a crucial role in soil aeration by facilitating the release of gases and loosening the soil, thereby allowing better air penetration to reach plant roots. They also safeguard soil health by preventing salt buildup. With their nutrient-rich composition and environmentally friendly nature, organic fertilizers are becoming increasingly popular as consumers become more aware of the risks associated with chemical fertilizers. The market is further driven by the global trend of embracing organic foods in daily lifestyles, with significant demand emanating from Europe.
Key companies in the organic fertilizers market include Tata Chemicals Ltd (India), Midwestern BioAg (USA), Agrocare Canada (Canada), Coromandel International Limited (India), Italpollina S.p.A. (Italy), The Scotts Miracle-Gro Company (USA), and Sustane Natural Fertilizer Inc (USA).
The growing demand for fertilizers is particularly pronounced in regions heavily reliant on agriculture. Organic fertilizers contribute to soil softening, loosening, and the promotion of healthy microorganisms. Additionally, they aid in moisture and nutrient retention in the soil, ultimately enhancing plant health. These attributes are expected to drive the CAGR of the organic fertilizers market in the coming years.
Segmentation of the organic fertilizers market is based on the source, including minerals, plants, and animals. In 2022, the plant segment held the majority share, accounting for approximately 55–57% of the market revenue for organic fertilizers. Crops, another segmentation criterion, include oilseeds & pulses, cereals & grains, and fruits & vegetables. The cereals and grains category dominated the market in 2022 and is anticipated to exhibit the fastest growth rate from 2022 to 2030.
Browse In-depth Market Research Report ( 110 Pages, Charts, Tables, Figures) Organic Fertilizers Market : https://www.marketresearchfuture.com/reports/organic-fertilizers-market-4076
Certification plays a crucial role in the organic fertilizers market, with categories such as 100% organic and 95% organic. In 2022, the 100% organic segment held the largest market share.
The market analysis also considers geographical regions, covering North America, Europe, Asia-Pacific, and the rest of the world. In 2022, the organic fertilizers market in Europe reached USD 2.7 billion and is expected to witness substantial growth over the study period. This can be attributed to factors such as the expansion of mechanization and irrigation systems, an increase in the high-income population, expansive organic farming areas, and a multitude of organic producers in the region.
Discover more research Reports on Agriculture Industry, by Market Research Future:
Peat Market Size was valued at USD 3.5 Billion in 2022. The Peat market industry is projected to grow from USD 3.8 Billion in 2023 to USD 3.97 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.57% during the forecast period (2023 – 2032). Growing adoption across food & agriculture sector and horticulture are the key market drivers enhancing the market growth.
Pet Food Market Size was valued at USD 95.9 billion in 2022. The Pet Food market industry is projected to grow from USD 101.74 Billion in 2023 to USD 145.15 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.10% during the forecast period (2023 – 2030).
Animal Feed Market Size was valued at USD 5,48,784.8 million in 2021. The animal feed market industry is projected to grow from USD 5,73,480.1 million in 2022 to USD 7,80,427.2 million by 2030, exhibiting a compound annual growth rate (CAGR) of 4.72% during the forecast period (2022 – 2030).
Aquafeed Market analysis shows that the market is primarily driven by the substantial degree of increase in the seafood trade followed by an excellent degree of growth in aquaculture production. Also, the market trends show that the global market is witnessing a rising degree of demand for seafood followed by its large-scale consumption among consumers due to the increasing need for protein-rich diets.
Micro Irrigation System Market size was valued at USD 599.2 million in 2021. The micro irrigation system industry is projected to grow from USD 633.65 million in 2022 to USD 937.16 million by 2030, exhibiting a compound annual growth rate (CAGR) of 5.75% during the forecast period (2022 – 2030).
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), and Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team has a supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end-users, and market players for global, regional, and country-level market segments, enable our clients to see more, know more, and do more, which helps to answer all their most important questions.
To stay updated with the technology and work process of the industry, MRFR often plans & conducts meetings with the industry experts and industrial visits for its research analyst members.
Contact us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street,5Th Floor, New York, New York 10013, United States of America
Sales: 📞 +1 (855) 661-4441 📞 +44 1720 412 167
Website : https://www.wantstats.com
E:Mail : Sales@marketresearchfuture.com