Organic fertilizers Market is estimated to be US$ 21.91 billion by 2030 with a CAGR of 11.8% during the forecast period
Organic fertilizers Market accounted for US$ 7.24 billion
in 2020 and is estimated to be US$ 21.91 billion by 2030 and is anticipated to
register a CAGR of 11.8%. Organic fertilizers are carbon-based
fertilizers that are spontaneously created. Fertilizers are substances that can
be applied to soil or plants to supply nutrients and encourage development. Organic
fertilizers, as opposed to synthetic fertilizers, are made from vegetable
matter, animal dung, human manure, and animal matter, and are thought to be
more sustainable, perishable, and environmentally friendly. Organic fertilizers
enhance the soil and assist insects in addition to being a plant fertilizer. Because
many fertilizers find their way into human diet, using organic fertilizers
lowers the risk of diseases in humans.
The report " Global
Organic Fertilizers Market, By Source (Plants, Animals and Minerals), By Crop
Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and
Others), By Form (Dry or Liquid Form), By Application (Soil Treatment and Seed
Treatment) and By Region (North America, Europe, Asia Pacific, Latin America,
and Middle East & Africa) - Trends, Analysis and Forecast till 2029’’
Key Highlights:
·
In
October 2021, Khetiwalo recently introduced a wide assortment of organic
fertilisers at a fraction of the cost of chemical fertilisers. Dhar Shakti 50kg
is a complete substitute for DAP (Di-Ammonium Phosphate) fertiliser.
Analyst View:
The
global organic fertilizers market is growing due to an increase in the use of
organic fertilizers, which has environmental benefits and enhances soil
fertility. Furthermore, the worldwide organic fertilizers market may benefit
from manufacturers' continued focus on developing creative and novel products
using advanced production processes. Furthermore, government and environmental
policies aimed at reducing waste, reducing the use of non-biodegradable raw
materials, and encouraging the use of organic fertilizers are some of the
factors propelling the worldwide organic fertilizers market forward over the
forecast period. The expansion of the global organic fertilisers industry is
hampered by weather conditions and a lower nutritional ratio than chemical
fertilisers.
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Key Market Insights from the
report:
Global
Organic fertilizers Market accounted for US$ 7.24 billion in 2020 and is
estimated to be US$ 21.91 billion by 2030 and is anticipated to register a CAGR
of 11.8%. Global Organic fertilizers market is segmented into source,
crop type, form, application and region.
·
Based
on Source, the Global Organic fertilizers Market is segmented into Plants,
Animals and Minerals.
·
Based
on Crop Type, the Global Organic fertilizers Market is segmented into Cereals
& Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others.
·
Based
on Form, the Global Organic fertilizers Market is segmented into Dry or Liquid
Form.
·
Based
on Application, the Global Organic fertilizers Market is segmented into Soil
Treatment and Seed Treatment.
·
By
Region, the Global Organic fertilizers Market is segmented into North America,
Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape &
their strategies of Global Organic fertilizers Market:
The
key players in the global Organic fertilizers market includes Bio Nature
Technology PTE Ltd., Multiplex Group, Fertikal N.V., Crop Agro, Walt's Organic
Fertilizer, National Fertilizers Limited, California Organic Fertilizers, Tata
Chemicals Limited, Krishak Bharati Cooperative Limited and Coromandel
International Limited.
The
market provides detailed information regarding the industrial base,
productivity, strengths, manufacturers, and recent trends which will help
companies enlarge the businesses and promote financial growth. Furthermore, the
report exhibits dynamic factors including segments, sub-segments, regional
marketplaces, competition, dominant key players, and market forecasts. In
addition, the market includes recent collaborations, mergers, acquisitions, and
partnerships along with regulatory frameworks across different regions
impacting the market trajectory. Recent technological advances and innovations
influencing the global market are included in the report.
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