Overview

Organic fertilizers are prepared from human waste, animal waste or vegetable matter. Organic Fertilizers Market was worth USD 7.37 billion in 2019. It is estimated to grow at a CAGR of 12.08% to reach USD 13.03 billion by 2024.  Naturally-occurring organic fertilizers contain animal matter produced by meat processing industries. Since these fertilizers are obtained naturally, there is a low risk of environmental damage. Organic fertilizers also reduce the risk of diseases in humans. Prominent organic fertilizers available in the market include blood meal, bone meal, composites, earthworm castings, bat guano, fish emulsion, and rock phosphate. The selection of organic fertilizers is usually done after determining the nutrients required from the crop.

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Drivers and Restraints:

The rapid development in organic agriculture, coupled with an increase in the demand for organic food products which is a major driver of this market. The market has been growing at a steady rate because of government support and farmers switching to these fertilizers. Due to the government’s various policies regarding pollution and non-biodegradable items, the production of organic fertilizers has risen in the past few years. The organic fertilizer market is dependent upon the weather (rains/water supply) of that region or area; hence, weather conditions can hamper the growth of the organic fertilizer market. Another concern with organic fertilizers is that a majority of them have lesser nutrient ratios than chemical fertilizers, which can massively impact farm produce.

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Geographic Segmentation

On the basis of geography, the global market is analyzed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Organic Fertilizers market was dominated by Europe. Asia-Pacific region is expected to register the highest CAGR.

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The major shareholders in the market include Tata Chemicals Ltd (India), The Scotts Miracle-Gro Company (U.S.), Coromandel International Limited (India), National Fertilizers Limited (India) and Krishak Bharati Cooperative Limited (India). Other significant players include Midwestern BioAg (U.S.), Italpollina SpA (Italy), ILSA S.p.A (Italy), Perfect Blend, LLC (U.S.), and Sustane Natural Fertilizer, Inc. (U.S.).

The Scope of the report

The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis of prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

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