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Growing environmental concern, increasing demand for organic food, advancement in manufacturing process of organic fertilizers, availability of organic waste, are some of the factors driving the Organic Fertilizers Market.
JERSEY CITY, N.J., May 5, 2022 /PRNewswire/ — Verified Market Research recently published a report, "Organic Fertilizers Market" By Source (Mineral, Plant, Animal), By Crop Type (Cereals and Grains, Vegetables and Fruits, Oilseeds and Pulses), By Form (Liquid, Dry), and By Geography. According to Verified Market Research, the Global Organic Fertilizers Market size was valued at USD 8.61 Billion in 2020 and is projected to reach USD 21.4 Billion by 2028, growing at a CAGR of 12.12% from 2021 to 2028.
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Global Organic Fertilizers Market Overview
The growth of the Organic Fertilizers Market is driven by rising environmental awareness. The global population is quickly increasing, necessitating an increase in agricultural production to meet the growing population’s food needs. Chemical fertilizers have become widely used to increase agricultural production all over the globe. Because of their negative impacts on plant physiology, soil quality, animals, and humans, the increased use of agrochemical inputs has been a source of dispute for a long time.
Ammonia, methane, nitrous oxide, and elemental nitrogen are all released into the environment when residues are left in the soil. Agricultural pesticides have been associated with a wide range of human health risks, including short-term effects like headaches and nausea, as well as long-term effects including cancer, reproductive harm, and endocrine disruption. Fertilizers include nitrogen and other chemicals that can contaminate groundwater and cause blue baby syndrome if consumed. As a result of the negative environmental effects of chemical fertilizers, growers are increasingly turning to organic fertilizers as a safe alternative to chemical fertilizers. To improve agricultural productivity, organic fertilizers are made from natural plant leftovers and trash, animal manures and excreta, microorganisms, and botanical extracts.
Organic fertilizers disintegrate quickly and have no detrimental impact on surface or groundwater, making them safer for humans, animals, birds, and anything else that comes into contact with them. These fertilizers have a long shelf life and improve soil structure while enhancing water and nutrient retention capacity. They are favored for producing residue-free agricultural produce since they are slow-releasing, non-toxic fertilizers that do not leave any residues in the food. As a result, factors such as the growing need to increase agricultural production and increased awareness of the negative impacts of chemical inputs and the benefits of organic fertilizers help to drive significant growth of the Organic Fertilizer Market.
The major players in the market are Nature Safe, Tata Chemicals Limited, Agro care Canada, The Scotts Miracle-Gro Company, Biostar systems LLC, Coromandel International Limited, Sustane Natural Fertilizer Inc, National Fertilizers Limited, Italpollina SpA, and Midwestern Bio AG.
Verified Market Research has segmented the Global Organic Fertilizers Market On the basis of Source, Crop Type, Form, and Geography.
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Specialty Fertilizers Market By Crop Type (Cereals & Grains, Fruits & Vegetables), By Form (Liquid, Dry), By Technology (N-stabilizers, Slow-release, Chelated), By Application Method (Soil, Foliar, Fertigation), By Geography, Forecast, 2021-2028
Controlled Release Fertilizer Market By Type (Slow release, Coated and encapsulated, N-stabilizers), By Application (Cereals and Grains, Oilseeds and Pulses, Turfs and Ornamentals), By Geography, Forecast, 2021-2028
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Fertigation And Chemigation Market By Input Type (Fertilizers, Insecticides, Fungicides, Herbicides), By Application (Agriculture Irrigation, Landscape Irrigation, Greenhouse Irrigation), By Irrigation Type (Sprinkler Irrigation, Drip Irrigation), By Geography, Forecast, 2021-2028
Top 5 Organic Fertilizer Companies taking the green initiative forward at global level
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