Organic Fertilizers Market research Size, Trends, Competitive Landscape and Key Regions-Global Forecast to 2022
Organic fertilizers market grows at a CAGR of 12.08% from 2017, to reach $11.16 billion by 2022. Research Report covers top 25 Companies, Competitive Strategies, Top Segments, Market Trends, Share, and Regional Outlook in near future and overall industry analysis
Pune, India – July 20, 2017 /MarketersMedia/ —
“The organic fertilizers market is projected to grow at a CAGR of 12.08% during the forecast period.”
The organic fertilizers market is projected to grow at a CAGR of 12.08% from 2017, to reach USD 11.16 billion by 2022. The demand for organic fertilizers is projected to be on the rise, owing to increasing land under organic cultivation. Globally, the agricultural land area under organic cultivation increase data CAGR of 8.5% between 2000 and 2015, wherein it stood at about 50.9 million hectares in 2015, or about 1% of the agricultural land globally.
Similarly, the agricultural land area under organic cultivation in the North American and European markets increased at CAGRs of 7.7% and 7.0%, respectively, from 2000 to 2015. In terms of addition to the land area during the year 2015, these regions witnessed an increase of about 0.6 million hectares and 1 million hectares, respectively, when compared to 2014. On the other hand, higher reliance on inorganic means of cultivation is the major restraint for the organic fertilizers market.
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The key players that have been profiled in this report include Tata Chemicals Ltd (India), The Scotts Miracle-Gro Company (U.S.), Coromandel International Limited (India), National Fertilizers Limited (India), and Krishak Bharati Cooperative Limited (India). Other significant players include Midwestern BioAg (U.S.), Italpollina SpA (Italy), ILSA S.p.A (Italy), Perfect Blend, LLC (U.S.), and Sustane Natural Fertilizer, Inc. (U.S.).
“The market for animal-based organic fertilizers is projected to grow at the highest CAGR.”
The market for animal-based organic fertilizers is projected to be the fastest-growing during the forecast period. Animal-based organic fertilizers area good source of necessary nutrients required for the growth of a plant that strengthens the root health development and flower growth. This is one of the major factors driving the market for animal-based organic fertilizers globally.
Increasing need for food security, high investments in R&D, and change in farming practices are the major drivers of the Asia-Pacific organic fertilizers market. Agriculture is one of the major occupations in the Asia-Pacific region; a number of farmers in the region are engaged in agriculture with more than 26 million hectares of organic land, thereby leading to an increased demand for organic fertilizers for higher quality & safe organic foods. The growing organic agricultural practices and requirement of high-quality agricultural produce are also expected to drive the organic fertilizers market growth in this region
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“Cereals & grains segment, by crop type, dominated the organic fertilizers market in 2016.”
In 2016, the cereals &grains segment accounted for the largest share of the global organic fertilizers market. Crops such as wheat and rice require more nutrition during their growth stages, and hence, result in higher expenditure on fertilizers. Farmers are facing a rise in demand for organic agricultural products, especially in growing economies such as China and India; this has increased the demand for organic fertilizers in cereal & grain cultivation.
“Liquid segment was the largest segment in the organic fertilizers market, by form, in 2016.”
On the basis of form, liquid was the largest segment in the organic fertilizers market in 2016. Liquid organic fertilizers are the most widely used and preferred form of organic fertilizers. The reason being it provides a number of advantages over the dry form of organic fertilizers. The liquid form is a more convenient, economical, and effective way of adding nutrient to the crops.
“Asia-Pacific is projected to be the fastest-growing region in the organic fertilizers market during the forecast period.”
The fastest-growing market for organic fertilizers is projected to be Asia-Pacific between 2017 and 2022. The largest producer in the region, China, continues to contribute to the region’s leading position with substantial growth witnessed in India and Australia. A large number of organic fertilizers manufacturers are present in the region, wherein India has the largest number of organic fertilizer manufacturers globally.
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The demand for organic food is estimated to increase in India and China due to the rising population, increasing purchasing power, and changing consumer food preferences. This increase in demand for nutrient and healthy food has triggered the organic food production in the region.
Break-up of primaries: By Company Type: Tier 1 -50%, Tier 2 -30%, and Tier 3 -20%, By Designation: Director Level- 25%, C-level -40%, and Others -35%, By Region: North America- 35%, Europe – 30%, Asia-Pacific- 20%, Rest of the World- 15%,
Research Coverage: The organic fertilizers market has been segmented on the basis of source, crop type, form, and region. In terms of insights, this research report has focused on various levels of analyses—industry analysis, market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the global organic fertilizers market, high-growth regions, countries, and their respective regulatory policies, government initiatives, drivers, restraints, opportunities, and challenges.
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