Asia-Pacific Organic Fertilizers Market

Asia-Pacific Organic Fertilizers Market Size (2024 to 2032)

The Asia-Pacific organic fertilizers market size was valued at USD 4.1 billion in 2023 and is anticipated to reach USD 4.63 billion in 2024 from USD 12.33 billion by 2032, growing at a CAGR of 13.01% from 2024 to 2032.

Organic fertilizers are made using human or animal waste and vegetable matter. A naturally occurring organic fertilizer contains animal matter produced by meat processing industries. There is a low risk of environmental damage as these fertilizers are obtained from natural sources. Organic fertilizers also reduce the risk of diseases in humans. Common sources of fertilizers include blood meal, bone meal, composites, earthworm castings, bat guano, fish emulsion, and rock phosphate. Selection of organic fertilizers is usually done after determining the nutrients required from the crop.

The increasing need for food security, high investments in R&D, and changes in farming practices are the major drivers of the Asia-Pacific organic fertilizers market. Agriculture is one of the major occupations in the Asia-Pacific region. A number of farmers in the region are engaged in agriculture with huge pieces of organic land, leading to an increased demand for organic fertilizers for higher quality & safe organic foods. The growing organic agricultural practices and requirement for high-quality agricultural produce are also expected to drive the organic fertilizers market growth in this region. The major restraint of the market is the heavy reliance on chemical fertilizers so as to meet the increased demand. Synthetic fertilizers help achieve optimized productivity. The organic fertilizers 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.

SEGMENT ANALYSIS

By Source

• Plant
• Animal And Mineral

The animal based segment accounted for the largest share in the market. Further, the blood meal segment holds a major share in the animal based fertilizer market.

By Crop Type

• Cereals And Grains
• Oilseeds& Pulses
• Fruits& Vegetables

Fruits & Vegetables market is expected to grow at the highest CAGR. This is mainly because of the importance of fruits and vegetables and it being irreplaceable. Moreover they are highly perishable as compared to cereals.

By Form

• Dry And Liquid

Liquid fertilizers are projected to dominate the market during the forecast period. They are more effective and economical when compared to the dry fertilizers.

COUNTRY ANALYSIS

• India
• China
• Japan
• South Korea
• Australia
• New Zealand
• Thailand
• Malaysia
• Vietnam
• Philippines
• Indonesia
• Singapore
• Rest of APAC

On the basis of geography, the Asia-Pacific market is analysed under various regions namely India, China, Japan, Australia and South Korea. Asia-Pacific region is expected to register the highest CAGR.

KEY MARKET PLAYERS

The key players 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), and ILSA S.p.A (Italy), Perfect Blend, LLC (U.S.), and Sustane Natural Fertilizer, Inc. (U.S.).