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Organic Fertilizers Market: Meticulous Research® Uncovers the Factors Leading to Market Growth at a CAGR of 11.5% to Reach $15.9 Billion by 2027

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Organic Fertilizers Market: Meticulous Research® Uncovers the Factors Leading to Market Growth at a CAGR of 11.5% to Reach $15.9 Billion by 2027

September 07
15:26 2021
The Organic Fertilizers Market is expected to reach $15.9 billion by 2027, at a CAGR of 11.5% during the forecast period, 2020-2027.
Organic Fertilizers Market by Source (Animal, Plant, and Mineral), Form (Dry and Liquid), Application (Broadcasting, Fertigation, and Foliar Application), Crop Type (Cereals and Grains, Fruits and Vegetables, Oilseeds and Pulses, and Turf and Ornaments), and Geography – Global Forecast to 2027

Nowadays, the negative environmental impacts of synthetic fertilizers, such as reduced soil fertility and environmental degradation, have become a major concern, driving the demand for organically derived fertilizers. Usually, organic fertilizers are derived from sources, such as plant and animal waste, and the raw materials can range from cow manure to organic compost. Kelp, guano, bone and blood meal, molasses, and fish emulsions are also some of the organic materials used to develop organic fertilizers. These fertilizers promote healthy soil and are considered a more environment-friendly alternative to synthetic fertilizers.

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Organic fertilizers loosen the soil, improve moisture and nutrient retention, and promote the growth of micro-organisms, which ultimately encourages the healthy growth of plants. These fertilizers reduce the need for pesticides containing chemicals that are harmful to the soil. According to the FiBL & IFOAM, in 2018, organic land area increased on all continents, and a total of 71.5 million hectares of land were organically farmed. The rising adoption of organic farming techniques among farmers is attributed to the growing need for a sustainable environment. This increased adoption is likely to provide numerous growth opportunities for market growth.

According to the latest publication on the Organic Fertilizers Market by Meticulous Research®, the organic fertilizers market is expected to reach $15.9 billion by 2027, at a CAGR of 11.5% during the forecast period, 2020-2027. Also, in terms of volume, the organic fertilizers market is expected to record a CAGR of 6.6% from 2020 to 2027 to reach 33,829.2 KT by 2027.

The growth of this market is backed by the increasing demand for organic food, increasing awareness about the environmental safety with the use of organic fertilizers, advances in organic fertilizer’s manufacturing process, and huge organic waste availability. However, the high demand for inorganic (synthetic) fertilizers and challenges to new entrants and small companies hinders the growth of the market to some extent.

To provide efficient analysis, Meticulous Research® has segmented this market on the basis of source (animal-based, plant-based, minerals, and others), form (dry and liquid), application (broadcasting, fertigation, foliar application, and other applications), crop type (cereals & grains, fruits & vegetables, oilseeds & pulses, turf & ornaments, and other crops), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa). The study also evaluates industry competitors and analyses the market at a country level.

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Scope of the Report:

Organic Fertilizers Market, by Source

  • Animal-Based
    • Blood Meal
    • Manure
    • Bone Meal
    • Others
  • Plant-Based
    • Green Manure
    • Seaweed Extract
    • Others
  • Minerals
    • Rock Phosphate
    • Silica
    • Others
  • Others

Organic Fertilizers Market, by Form

  • Dry
    • Granular
    • Pellets
    • Powder
    • Others
  • Liquid

Organic Fertilizers Market, by Application

  • Broadcasting
  • Fertigation
  • Foliar Application
  • Others

Organic Fertilizers Market, by Crop Type

  • Cereals and Grains
    • Wheat
    • Maize
    • Rice
    • Other Cereals and Grains
  • Fruits and Vegetables
  • Oilseeds and Pulses
  • Turf and Ornaments
  • Other