SEATTLE, March 15, 2021 (GLOBE NEWSWIRE) – Organic fertilizers come from organic sources such as vegetable waste, animal waste, and human waste. They include ingredients such as manure, groundnuts, dried and powdered blood, crushed shells, phosphate rock, well-crushed fish, wood, and so on. Organic substances, such as fish emulsions, molasses, bones and blood, guano, and kelp are used. to develop organic fertilizers and are considered to be more environmentally friendly solutions. In addition, they help reduce the need for toxins that contain chemicals that are harmful to the soil. They improve the movement of water into the soil, as well as adding structure to the soil, making the soil easier to work. In short, organic matter is widely regarded as a safer alternative to traditional fertilizers.
The universe organic fertilizer market considered an account 12.5 Bn in terms of value by the end of 2027, seeing a CAGR of 7.2% during the expected period (2020-2027).
Market drivers:
Increased demand for organic food and growing awareness of the health benefits of organic food is expected to drive growth in the global organic fertilizer market over the forecast period.
In recent years, the popularity of organic food has increased due to several health benefits. Organic food is grown without the use of synthetic chemicals, such as human poisons and fertilizers. Consumption of organic food and drink in India has grown in recent years. According to the United States Department of Agriculture (USDA), in 2019, organic food and beverage sales reached US $ 69 million and was projected to rise 12% to US $ 77 million by 2020,.
Increasing the area of land under organic cultivation and advances in organic fertilizer manufacturing are expected to contribute to the growth of the global organic fertilizer market.
Organic farming is beneficial to farmers because it uses the traditional knowledge of the relationships between crops or animals and the environment, so they prefer it.
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Market opportunities:
Growth in organic farming and favorable government initiatives and subsidies for the adoption of organic farming can provide great business opportunities in the global organic fertilizer market. For example, in May 2020, the European Commission officially proposed a target to increase organic farming in the EU to 25% by 2030.
An increase in demand for organic fertilizers due to increased consumption of organic food is expected to provide significant growth opportunities for market players. For example, in February 2021, Qilian International Holding Group Limited planned to triple the organic fertilizer capacity after completing the first phase expansion of its new organic fertilizer production facility, and put it into production by March 2021 .
Market trends:
Key market players are engaged in a number of strategies, such as business expansion, product launch, etc., to meet the growing demand or to strengthen their market position. For example, in 2019, Hameinivin Investment, a Chinese company, planned to invest around US $ 10 million in an organic fertilizer plant in Tboung Khmum province.
A positive trend of introduction of new and advanced organic fertilizers is expected to drive growth in the global organic fertilizer market. For example, in July 2020, the Fertilizer Association of Indian Farmers Limited (IFFCO) launched Neem Cake organic fertilizer to help crops save them from nematodes, earthworms, and pests. It is made from unrefined and de-oiled Neem cake fertilizer, which came from Maharashtra (India).
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Competitive Landscape:
Key players operating in the global organic fertilizer market are Qingdao Sonef Chemical Co., Ltd., Pupuk Kaltim, Purely Organics LLC, Fertrell Company, California Organic Fertilizers Inc., True Organic Products Inc., Sustane Natural Fertilizer Inc. , Plantin, Biostar Regenerative, ILSA SpA, and Italpollina.
In February 2021, Revol Greens launched a plant-based organic fertilizer, Plant Fed, which is behind its new line of U.S. Department of Agriculture (USDA) certified organic organic lettu products, Green & Red Duo and Romaine Crunch.
In April 2020, EarthRenew Inc. developed and tested Inc. and CCm Technologies Limited new organic fertilizer production formulas that have led to a number of potential innovations and processes for converting waste organic streams into high quality organic fertilizer products.
Market classification:
By Source
- Origins of plants
- Origins of Animals
By Request
- Grains and Crops
- Fruit and vegetables
- Lawns and turf
With Form
By area
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
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