The popularity of organic food has taken the US market by storm over the recent past. While 2020 saw a whopping 12.8% rise in the US organic food sales over that attained in 2018, and 2019, this has also given a strong push to the market potential of organic fertilizers in the country. A new ongoing study of Fairfield Market Research provides readers with a detailed insightful view of global organic fertilizers market along with the growth forecast over the course of next few years. The consumer shift to healthier, organic, and labelled food products further grew intense with the onset of COVID-19 outbreak. On the back of highest organic food sales, the US will continue to be at the forefront of demand in organic fertilizers market as well.
Sales of Organic fertilizers to Proliferate as Industry Accelerates its Journey to Sustainability
In the wake of agriculture industry’s growing effort to comply with environment-friendly regulatory guidelines, a multitude of revenue generation opportunities are likely to spring up for organic fertilizer manufacturers. Japan is particularly at the forefront, with strong governmental support that encourages adoption of organic fertilizers. Increasing effort toward promoting eco-friendly strategies, and rising investments in R&D will collectively be responsible for providing an impetus to sales of organic fertilizers.
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The EU Remains Hub of Opportunities
Governments in the EU have been under constant pressure of catering to the ever-rising population underlining the need for higher productivity. There has been a significant change in the norms regarding the use of chemical-based fertilizers, and a substantial effort to make farming a sustainable practice. The number of organic farms has been on the rise across the EU, and the boom around sustainable agriculture continues to build up. The entire situation will continue to elevate the uptake of organic fertilizers.
Indian Market for Organic Fertilizers Likely to Witness Boost in the Years to Follow
While fast-developing Asian economies have always been the focal point for globally leading brands, as well as new potential investors, India has especially emerged as an attractive revenue pocket. The proliferating organic farming trend, and growing government support for sustainable agricultural initiatives are expected to contribute toward the market attractiveness of India in organic fertilizers space. Indian manufacturers will most likely discover new revenue generation opportunities in the light on new export alliances formed with Sri Lanka. The latter has reportedly discontinued its organic fertilizers export relations with China, of late.
Leading Market Players in Organic Fertilizers Landscape
Some of the key players operating in the global organic fertilizers market Sustane Natural Fertilizer Inc., Coromandel International Limited, True Organic Products LLC, Biostar Renewables, Nature Safe, Italpollina SpA, and NationalFertilizers Limited. A majority of companies continue to rely on strategic M&A deals, and partnerships over stronger fertilizer supply.
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