Phosphate Rich Organic Manure (PROM) Market to Garner $5.7 Billion, Globally, By 2031 at 6.5% CAGR, Says Allied Market Research – PR Newswire

Searching for your content…
In-Language News
Contact Us
888-776-0942
from 8 AM – 10 PM ET
News provided by
Jun 22, 2022, 09:00 ET
Share this article
Increase in demand for organic fertilizers and rise in government initiatives have boosted the growth of the global phosphate rich organic manure (PROM) market.
PORTLAND, Ore., June 22, 2022 /PRNewswire/ — Allied Market Research recently published a report, titled, "Phosphate Rich Organic Manure (PROM) Market by Source (Organic Manure, Plant Based Bio-Mass, De-oiled Cake, Potassium Humate, and Others): Global Opportunity Analysis and Industry Forecast, 2022–2031". As per the report, the global phosphate rich organic manure (PROM) industry accounted for $2.8 billion in 2021, and is expected to reach $5.7 billion by 2031, growing at a CAGR of 6.5% from 2022 to 2031.
Major determinants of the market growth
Increase in demand for organic fertilizers and rise in government initiatives have boosted the growth of the global phosphate rich organic manure (PROM) market. However, low consumer awareness hinders the market growth. On the contrary, new product launches and production of PROM using vermicompost are expected to unlock new opportunities in the future.
Request PDF Brochure: https://www.alliedmarketresearch.com/request-sample/16252
Covid-19 scenario:
The potassium humate segment dominated the market growth
By source, the potassium humate segment held the largest share in 2021, accounting for more than two-fifths of the global phosphate rich organic manure (PROM) market, due to adoption of potassium humate in sustainable agricultural methods and increased concerns about environmental consequences and soil pollution. However, the organic manure segment is expected to register the highest CAGR of 9.1% during the forecast period, owing to rise in demand for organic food and increased awareness regarding environmental safety.
Get Detailed COVID-19 Impact Analysis on the Phosphate Rich Organic Manure (PROM) Market @ https://www.alliedmarketresearch.com/request-for-customization/16252?reqfor=covid
Asia-Pacific, followed by Europe and North America, held the largest share
By region, the market across Asia-Pacific, followed by Europe and North America, dominated the market in 2021, holding more than half of the global phosphate rich organic manure (PROM) market. In addition, the region is expected to register the highest CAGR of 7.4% during the forecast period, owing to rise in population in the region and increased demand for food and large area for organic farming. The market across North America is expected to register a CAGR of 5.1% from 2022 to 2031.
Major Market Players
Interested in Procuring This Report? Visit Here:
https://www.alliedmarketresearch.com/phosphate-rich-organic-manure-prom-market/purchase-options
Avenue Basic Plan | Library Access | 1 Year Subscription |
Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.
Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenueTrial
Get more information: https://www.alliedmarketresearch.com/library-access
Similar Reports:
Organic Fertilizers Market: Global Opportunity Analysis and Industry Forecast, 2021–2030
Organic Acids Market: Global Opportunity Analysis and Industry Forecast, 2017-2023
Organic Pesticides Market: Global Opportunity Analysis and Industry Forecast, 2017-2023
Vietnam Fertilizer Market: Opportunity Analysis and Industry Forecast, 2020-2027
Magnesium Phosphate Market: Global Opportunity Analysis and Industry Forecast, 2021-2030
India Phosphate Rich Organic Manure (PROM) Market: Country Opportunity Analysis and Industry Forecast, 2021–2030
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
[email protected]
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter
SOURCE Allied Market Research
Cision Distribution 888-776-0942
from 8 AM – 9 PM ET

source