Global Organic Fertilizers Market Analysis: Size, Drivers, Trends, Opportunities And Strategies
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The organic fertilizers market has experienced robust growth, increasing from $9.46 billion in 2023 to $10.21 billion in 2024, with a compound annual growth rate (CAGR) of 7.9%. This growth is driven by rising demand for organic food, favorable regulations for organic farming, awareness about environmental sustainability, increasing consumer awareness of health benefits, and higher organic food sales. The market is expected to see continued strong growth, reaching $14.01 billion by 2028 at a CAGR of 8.2%. This growth is supported by the expansion of organic farming, increasing government incentives and subsidies for organic practices, a rising population, and increased agricultural output. Key trends for the forecast period include customized organic fertilizer formulations, innovation in utilizing organic waste streams, adoption of digital farming technologies, vertical farming and urban agriculture, and the adoption of regenerative agriculture practices.
The rising demand for organic food is set to boost the growth of the organic fertilizer market. Organic food, produced using natural farming practices, is increasingly sought after due to growing consumer awareness about health benefits, environmental sustainability, and ethical practices, along with better availability of organic products. Organic fertilizers support sustainable farming by enhancing soil health and plant growth without synthetic chemicals. For example, in June 2022, the Organic Trade Association reported that organic fruits and vegetables constituted 15% of the total product market in 2021, generating over $21 billion in revenue, an approximate 4.5% increase from 2020. This trend underscores the growing organic food market and its influence on the organic fertilizer market, projecting further growth through 2024 and 2028.
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What Are The Key Trends That Influence Organic Fertilizers Market Share Analysis?
Major companies operating in the organic fertilizers market are focusing on developing innovative products, such as bio-enhanced fertilizers, to enhance soil health and boost crop yields sustainably. Bio-enhanced fertilizers are organic fertilizers enriched with beneficial microorganisms to increase nutrient availability and improve soil health. For instance, in August 2023, Bionema Group Limited, a UK-based biotechnology company, launched a new range of four biofertilizers in the UK to enhance plant nutrition by using living microbes that improve nutrient availability in the soil. These innovative products focus on restoring soil health and promoting sustainable agricultural practices by reducing reliance on synthetic fertilizers. The biofertilizers are designed to improve nutrient absorption and support overall plant growth, contributing to more robust farming practices. This launch underscores Bionema’s commitment to providing environmentally friendly solutions for crop protection and plant health management, aligning with the increasing demand for sustainable farming methods.
Which Market Players Are Driving Growth In The Organic Fertilizers Market?
Major companies operating in the organic fertilizers market are BASF SE, Yara International ASA., K+S Aktiengesellschaft, Tata Chemicals Ltd., The Scotts Company LLC, Coromandel International Limited, Darling Ingredients Inc., T.Stanes and Company Limited, TerraLink Horticulture Inc., Jobe’s Organics Inc., True Organic Products Inc., Midwestern BioAg Inc., ILSA S.p.A, Gardener’s Supply Company Inc., Suståne Natural Fertilizer Inc., Sigma AgriScience LLC, California Organic Fertilizers Inc., Mirimichi Green, NatureSafe, General Hydroponics Inc., Greenway Biotech Inc., BioFlora LLC, Earthworm Technologies LLC, Solex Corporation Inc.
How Is The Global Organic Fertilizers Market Segmented?
1) By Crop Type: Cereals And Grains; Oilseed And Pulses; Fruits And Vegetables; Landscaping Or Gardens; Other Crop Types
2) By Source: Animal; Plant; Mineral
3) By Form: Dry; Liquid
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The Organic Fertilizers Global Market Report 2024 provides an overview of the organic fertilizersmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The organic fertilizers market forecast analyzes organic fertilizers market size, organic fertilizers market share, leading competitor and their market positions.
The Table Of Content For The Organic Fertilizers Market Include
1. Organic Fertilizers Market Executive Summary
2. Organic Fertilizers Market Segments
3. Organic Fertilizers Market Size And Template Market Growth Rate
4. Key Organic Fertilizers Market Trends
5. Major Organic Fertilizers Market Drivers
……
25. Key Mergers And Acquisitions In The Organic Fertilizers Market
26. Top Organic Fertilizers Companies
27. Organic Fertilizers Market Opportunities And Strategies
28. Organic Fertilizers Market, Conclusions And Recommendations
29. Appendix
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