Global Organic Fertilizers Market to Reach USD 14.11 Billion by 2030, Driven by Sustainable Agriculture and Government Initiatives
The global organic fertilizers market is projected to grow from USD 8.01 billion in 2024 to USD 14.11 billion by 2030, registering a robust CAGR of 11.88% during the forecast period. This growth is fueled by increasing awareness of the adverse effects of chemical fertilizers, rising demand for organic food, and supportive government policies promoting sustainable farming practices.
Market Analysis: Key Drivers and Recent Developments
- Environmental Concerns and Soil Health: The detrimental impact of synthetic fertilizers on soil quality and the environment has led to a shift towards organic alternatives that enhance soil fertility and biodiversity
- Government Initiatives: In 2024, UNESCO launched projects under the Biosphere Reserves Program focusing on sustainable soil management. Additionally, the European Union aims to dedicate 25% of agricultural land to organic farming by 2030.
- Technological Advancements: Companies are investing in research and development to improve nutrient release mechanisms and overall product efficiency, leading to more effective organic fertilizer solutions.
- Consumer Preferences: The inclination of Gen-Z and Millennials towards environmentally sustainable products is boosting the demand for organic fertilizers.
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Key Takeaways from the Market Research Report
- Rising Demand for Organic Food: Increasing health consciousness among consumers is driving the demand for organic food, thereby propelling the organic fertilizers market.
- Supportive Government Policies: Subsidies, incentives, and regulatory frameworks are encouraging farmers to adopt organic farming practices.
- Technological Innovations: Advancements in organic fertilizer formulations are enhancing their effectiveness and efficiency.
- Environmental Sustainability: Organic fertilizers contribute to sustainable agriculture by improving soil health and reducing environmental pollution.
Leading Players Driving Innovation and Growth
Prominent companies in the organic fertilizers market include:
- Yara (Norway)
- ICL (Israel)
- Coromandel International Limited (India)
- Suståne Natural Fertilizer, Inc. (US)
- SPIC (India)
- Darling Ingredients (US)
- T. STANES AND COMPANY (India)
- Multiplex Group of Companies (India)
- TerraLink Horticulture Inc. (Canada)
- Midwestern BioAg (US)
- Queensland Organics (Australia)
- California Organic Fertilizers Inc. (US)Perfect Blend Biological Fertilizer (US)
- FKL Fertilizers (India)
- FertPro Manufacturing Pty Ltd (Australia)
These companies are at the forefront of developing innovative organic fertilizer solutions that cater to the evolving needs of sustainable agriculture.
Global Organic Fertilizers Market Segmentation Analysis 2030
By Source
- Plant
- Animal
- Mineral
By Form
- Dry
- Liquid
By Crop Type
- Food Crop
- Feed Crop
- Industrial Crop
- Ornamental Crop)
By Application
- SoilTreatment
- Foliar
- Fertigation
- and others
Embracing Sustainable Agriculture: A Unique Opportunity
The transition towards sustainable agriculture presents a significant opportunity for the organic fertilizers market. As farmers seek to reduce their environmental footprint and enhance soil health, organic fertilizers offer a viable solution. The integration of organic fertilizers into farming practices not only improves crop yields but also ensures long-term soil fertility, aligning with global sustainability goals.
Leading Segment: Animal-Based Organic Fertilizers
Animal-based organic fertilizers, derived from sources like bone meal, blood meal, and poultry litter, dominate the market with a share of over 56.2% in 2023. These fertilizers are rich in essential nutrients and contribute to improved soil structure and microbial activity, making them a preferred choice among farmers.
Future Outlook
With the growing trends, the industry is projected to grow and expand during the forecasting years, i.e., 2025-30, as the above-stated factors are changing the market landscape and opening doors to market players. Market players can enhance their market size and revenue by meeting the changing market dynamics and evolving consumer expectations. Additionally, market players, with the help of SWOT analysis, can adjust their existing settings regarding the evolving market trends, which would ultimately augment the size and volume of the entire industry at the global level.
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