Organic Fertilizers Market
PUBLISHED: 2023 ID: SMRC22571
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Organic Fertilizers Market

Organic Fertilizers Market Forecasts to 2028 - Global Analysis By Source (Animal-based Organic Fertilizers, Plant-based Organic Fertilizers, Mineral-based Organic Fertilizers and Other Organic Fertilizers), Crop Type (Cereals & Grains, Fruits & Vegetables, Oilseeds & Pulses, Turf & Ornaments and Other Crops), Form (Dry Organic Fertilizers and Liquid Organic Fertilizers), Application (Broadcasting, Fertigation, Foliar Spray and Other Applications) and By Geography

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4.6 (91 reviews)
Published: 2023 ID: SMRC22571

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $9.6 BN

Projected Year Value (2028)

US $15.2 BN

CAGR (2022 - 2028)

7.9%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

North America


According to Stratistics MRC, the Global Organic Fertilizers Market is accounted for $9.6 billion in 2022 and is expected to reach $15.2 billion by 2028 growing at a CAGR of 7.9% during the forecast period. Agricultural waste, animal waste, earthworm castings, and cow manure are some examples of the materials or sources used to make organic fertilizer. Water retention benefits from organic fertilizers. By becoming gaseous and loosening the soil's hold so that plant roots can access air, organic fertilizers also contribute to the soil's overall lightening. In addition to being good for the health of the soil, they prevent salt buildup. They are nutrient-rich and kind to the environment, organic fertilizers. As people become more conscious of the effects of chemical fertilizers, organic fertilizers are being adopted at a rapid rate. The market for organic fertilizer will likely be driven in the coming years by rising consumer demand for and adoption of environmentally friendly agricultural products. Furthermore, the market growth for organic fertilizers is being positively impacted by the escalating environmental concerns regarding sustainability, carbon footprints, and emission intensities.

According to the Ministry of Agriculture & Farmer's Welfare, India produced 33.42 million tonnes of oilseeds in 2019–20, 1.90 million tonnes more than the 31.52 million tonnes produced in 2018–19. The global market for organic fertilizers will thus continue to be driven by the use of organic fertilizers in agriculture.



Market Dynamics:

Driver:

Increasing awareness regarding environmental safety

Globally, it has become customary to use chemical fertilizers to increase agricultural production. Overuse of chemical fertilizers contaminates the soil and the water. To increase agricultural production, organic fertilizers are made with natural plant waste and residue, animal manures and excrement, microorganisms, and botanical extracts. Organic fertilizers quickly break down without harming the surface or groundwater, making them less dangerous to life. These fertilizers enhance soil structure, last a very long time, and have a higher capacity to hold water and nutrients. So the demand for organic fertilizers is increased by factors like the growing need to increase agricultural production and awareness of the negative effects of chemical inputs and the positive effects of organic fertilizers.

Restraint:

Lack of knowledge among farmers and less nutrients

In the short term, organic fertilizers are used, but healthy soil has a lower cost-benefit ratio. Apart from a few biofertilizers, organic fertilizers are also bigger and heavier than chemical fertilizers. In consequence, the total nutrients derived from a unit quantity of organic fertilizers are much lower than those derived from chemical fertilizers. Moreover, farmers in developing and underdeveloped countries face a significant barrier due to their ignorance of organic fertilizers.

Opportunity:

Growing demand for organic farming

As environmental concerns such as the overuse of chemical fertilizers and pesticides have left the land arid, many businesses are switching to organic farming and cost-cutting measures in the agricultural sector, which is fueling demand globally. Many companies have shifted to using plant-based fertilizers as a result of strict regulations on conventional fertilizers and worries that using chemical fertilizers will leave the land barren. India's exports of agricultural goods are anticipated to surpass US$50 billion in the fiscal year FY22, according to the Ministry of Commerce. The industry for organic fertilizers will therefore continue to grow due to the use of plant-based fertilizers in agriculture.

Threat:

Availability of substitutes

The growth of the market for organic fertilizers will be hampered by the availability of substitute products or potential replacement products like chemical fertilizers or synthetic fertilizers in a particular market segment. Buyers will attempt to negotiate lower prices while putting a higher emphasis on quality and service. The cost of organic fertilizer equipment will be transparent. The demands and rivalry of rivals will all result in a loss of profit for the equipment supplier of organic fertilizer. Additionally, this fertilizer's high cost has restricted its use in large-scale agricultural production, such as the production of commodity crops. Over the forecast period, this is expected to limit the market expansion of organic fertilizers.

Covid-19 Impact

The organic fertilizers market faced significant challenges in 2020 as a result of the COVID-19 pandemic. In contrast to other industries, the market for organic fertilizers had a detrimental effect on overall growth. The production and distribution of fertilizers are expected to be significantly impacted by the COVID-19 outbreak. Disruptions in logistics are occurring in many parts of the world, which has an effect on a variety of industries, including agriculture and others. Due to sudden restrictions placed on the purchase of these products during the coronavirus (Covid-19) Pandemic, prices of organic fertilizer products have started to decline globally along with the decline in demand. As a result, the decline in demand in the agricultural sector is thought to be impeding the development of the organic fertilizers market.

The Dry organic fertilizers segment is expected to be the largest during the forecast period

During the forecast period, Dry organic fertilizers segment is expected to witness the largest market share. The growing use of dry organic fertilizers for lawn and garden applications, their long-lasting effects, their high efficacy in all climatic conditions, and their widespread and simple availability of raw materials are all factors that contribute to this segment's largest market share.

The Cereals & Grains segment is expected to have the highest CAGR during the forecast period

The cereals and grains segment is anticipated to experience highest CAGR during the forecast period. Both crop yield and quality are positively impacted by the product. It increases resistance to heat, drought, cold, and fertilizers high in nitrogen. Additionally, it strengthens the cationic bonds in the soil, which helps plant roots penetrate the soil more deeply. Moreover, huge tracts of land are being used for the cultivation of organic cereals and grains, and demand for these products is rising, which is responsible for the high growth of this market.

Region with largest share:

The Asia-Pacific region is predicted to hold the largest market share for organic fertilizers over the forecast period. The significant market share of this region is due to rising health consciousness, extensive organic farming, rapid population and income growth, increased mechanization and irrigation infrastructure, and the presence of numerous organic operators. Moreover, the development of the organic fertilizers market in this region is also supported by favorable government policies and initiatives by other organizations for the promotion and expansion of the organics industry.

Region with highest CAGR:

During the forecast period, North America is anticipated to grow at the highest CAGR. The rapid expansion of this market is attributed to the organics industry's growth as a result of rising consumer health consciousness, an expanding population and rising demand for organic products, steadily expanding organic farming areas, and government support as well as initiatives by other organizations and associations to advance organic agriculture and related industries throughout the region.



Key players in the market

Some of the key players profiled in the Organic Fertilizers Market include Agrocare Canada, Bio Nature Technology PTE, Biofosfatos do Brasil, Biostar Organics, California Organic Fertilizers, Coromandel, CropAgro, Fertikal, Italpollina, Kribhco, Krishak Bharati, Midwestern Bioag, Multiplex Group, National Fertilizers, Nature Safe, Perfect Blend, Scotts Miracle-Gro, Sustane Natural Fertilizer, Tata Chemicals, Uniflor and Walt's Organic Fertilizer.

Key Developments:

In march 2021, Haifa Group signed an agreement with AgrIOT. According to the agreement with AgriOT, Haifa will invest in AgrIOT for around $2M against nearly 30% of the company and also in global exclusive distribution rights.

In January 2020, ChemChina and Sinochem have announced a mega-merger of their agricultural assets into a new holding company to be called Syngenta Group. Syngenta Group will acquire major agricultural assets from Sinochem according to the announcement.

In 2019, Biostar Organics, part of BioStar Renewables, announced the commissioning of its first OMRI-listed, SuperSix organic liquid fertilizer plant, located in Othello, WA. In collaboration with Sheboygan Falls.

Sources Covered:
• Animal-based Organic Fertilizers
• Plant-based Organic Fertilizers
• Mineral-based Organic Fertilizers
• Other Organic Fertilizers

Crop Types Covered:
• Cereals & Grains
• Fruits & Vegetables
• Oilseeds & Pulses
• Turf & Ornaments
• Other Crops

Forms Covered:
• Dry Organic Fertilizers
• Liquid Organic Fertilizers

Applications Covered:
• Broadcasting
• Fertigation
• Foliar Spray
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Organic Fertilizers Market, By Source
5.1 Introduction
5.2 Animal-based Organic Fertilizers
5.2.1 Blood Meal
5.2.2 Animal Manure
5.2.3 Bone Meal
5.2.4 Other Animal-based Organic Fertilizers
5.3 Plant-based Organic Fertilizers
5.3.1 Green Manure
5.3.2 Compost
5.3.3 Molasses
5.3.4 Seaweed Extract
5.3.5 Other Plant-based Organic Fertilizers
5.4 Mineral-based Organic Fertilizers
5.4.1 Rock Phosphate
5.4.2 Silica
5.4.3 Limestone
5.4.4 Other Mineral-based Organic Fertilizers
5.5 Other Organic Fertilizers

6 Global Organic Fertilizers Market, By Crop Type
6.1 Introduction
6.2 Cereals & Grains
6.2.1 Wheat
6.2.2 Maize/Corn
6.2.3 Rice
6.2.4 Other Cereals & Grains
6.3 Fruits & Vegetables
6.4 Oilseeds & Pulses
6.5 Turf & Ornaments
6.6 Other Crops

7 Global Organic Fertilizers Market, By Form
7.1 Introduction
7.2 Dry Organic Fertilizers
7.2.1 Granular Organic Fertilizers
7.2.2 Organic Fertilizer Pellets
7.2.3 Organic Fertilizer Powders
7.2.4 Other Dry Organic Fertilizers
7.3 Liquid Organic Fertilizers

8 Global Organic Fertilizers Market, By Application
8.1 Introduction
8.2 Broadcasting
8.3 Fertigation
8.4 Foliar Spray
8.5 Other Applications

9 Global Organic Fertilizers Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa

10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies

11 Company Profiling
11.1 Agrocare Canada
11.2 Bio Nature Technology PTE
11.3 Biofosfatos do Brasil
11.4 Biostar Organics
11.5 California Organic Fertilizers
11.6 Coromandel
11.7 CropAgro
11.8 Fertikal
11.9 Italpollina
11.10 Kribhco
11.11 Krishak Bharati
11.12 Midwestern Bioag
11.13 Multiplex Group
11.14 National Fertilizers
11.15 Nature Safe
11.16 Perfect Blend
11.17 Scotts Miracle-Gro
11.18 Sustane Natural Fertilizer
11.19 Tata Chemicals
11.20 Uniflor
11.21 Walt's Organic Fertilizer

List of Tables
1 Global Organic Fertilizers Market Outlook, By Region (2020-2028) ($MN)
2 Global Organic Fertilizers Market Outlook, By Source (2020-2028) ($MN)
3 Global Organic Fertilizers Market Outlook, By Animal-based Organic Fertilizers (2020-2028) ($MN)
4 Global Organic Fertilizers Market Outlook, By Blood Meal (2020-2028) ($MN)
5 Global Organic Fertilizers Market Outlook, By Animal Manure (2020-2028) ($MN)
6 Global Organic Fertilizers Market Outlook, By Bone Meal (2020-2028) ($MN)
7 Global Organic Fertilizers Market Outlook, By Other Animal-based Organic Fertilizers (2020-2028) ($MN)
8 Global Organic Fertilizers Market Outlook, By Plant-based Organic Fertilizers (2020-2028) ($MN)
9 Global Organic Fertilizers Market Outlook, By Green Manure (2020-2028) ($MN)
10 Global Organic Fertilizers Market Outlook, By Compost (2020-2028) ($MN)
11 Global Organic Fertilizers Market Outlook, By Molasses (2020-2028) ($MN)
12 Global Organic Fertilizers Market Outlook, By Seaweed Extract (2020-2028) ($MN)
13 Global Organic Fertilizers Market Outlook, By Other Plant-based Organic Fertilizers (2020-2028) ($MN)
14 Global Organic Fertilizers Market Outlook, By Mineral-based Organic Fertilizers (2020-2028) ($MN)
15 Global Organic Fertilizers Market Outlook, By Rock Phosphate (2020-2028) ($MN)
16 Global Organic Fertilizers Market Outlook, By Silica (2020-2028) ($MN)
17 Global Organic Fertilizers Market Outlook, By Limestone (2020-2028) ($MN)
18 Global Organic Fertilizers Market Outlook, By Other Mineral-based Organic Fertilizers (2020-2028) ($MN)
19 Global Organic Fertilizers Market Outlook, By Other Organic Fertilizers (2020-2028) ($MN)
20 Global Organic Fertilizers Market Outlook, By Crop Type (2020-2028) ($MN)
21 Global Organic Fertilizers Market Outlook, By Cereals & Grains (2020-2028) ($MN)
22 Global Organic Fertilizers Market Outlook, By Wheat (2020-2028) ($MN)
23 Global Organic Fertilizers Market Outlook, By Maize/Corn (2020-2028) ($MN)
24 Global Organic Fertilizers Market Outlook, By Rice (2020-2028) ($MN)
25 Global Organic Fertilizers Market Outlook, By Other Cereals & Grains (2020-2028) ($MN)
26 Global Organic Fertilizers Market Outlook, By Fruits & Vegetables (2020-2028) ($MN)
27 Global Organic Fertilizers Market Outlook, By Oilseeds & Pulses (2020-2028) ($MN)
28 Global Organic Fertilizers Market Outlook, By Turf & Ornaments (2020-2028) ($MN)
29 Global Organic Fertilizers Market Outlook, By Other Crops (2020-2028) ($MN)
30 Global Organic Fertilizers Market Outlook, By Form (2020-2028) ($MN)
31 Global Organic Fertilizers Market Outlook, By Dry Organic Fertilizers (2020-2028) ($MN)
32 Global Organic Fertilizers Market Outlook, By Granular Organic Fertilizers (2020-2028) ($MN)
33 Global Organic Fertilizers Market Outlook, By Organic Fertilizer Pellets (2020-2028) ($MN)
34 Global Organic Fertilizers Market Outlook, By Organic Fertilizer Powders (2020-2028) ($MN)
35 Global Organic Fertilizers Market Outlook, By Other Dry Organic Fertilizers (2020-2028) ($MN)
36 Global Organic Fertilizers Market Outlook, By Liquid Organic Fertilizers (2020-2028) ($MN)
37 Global Organic Fertilizers Market Outlook, By Application (2020-2028) ($MN)
38 Global Organic Fertilizers Market Outlook, By Broadcasting (2020-2028) ($MN)
39 Global Organic Fertilizers Market Outlook, By Fertigation (2020-2028) ($MN)
40 Global Organic Fertilizers Market Outlook, By Foliar Spray (2020-2028) ($MN)
41 Global Organic Fertilizers Market Outlook, By Other Applications (2020-2028) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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