Organic Fertilizers Market Is Predicted To Reach USD 10.38 Billion With A CAGR Of 12.08% According To Market Data Forecast Report.

Organic Fertilizers Market Is Predicted To Reach USD 10.38 Billion With A CAGR Of 12.08% According To Market Data Forecast Report.

ID: 7438 | October 2018 | Region: Global

Organic Fertilizers Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Organic Fertilizers Market is estimated to be USD 5.87 billion in 2016 and predicted to rise to USD 10.38 billion by 2021with a CAGR of 12.08%. The market is segmented by source (plant, animal and mineral) , by crop type ( cereals and grains, oilseeds& pulses, fruits& vegetables) , by form ( dry and liquid) . Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.

With people becoming extra health conscious day by day, there has been an increase in the demand for organic and green products. There has been a rapid development in the organic agriculture, coupled with 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. When compared to conventional fertilizers, organic fertilizers are less harmful and cheaper. Due to government’s various policies regarding pollution and non-biodegradable items, the production of organic fertilizers has risen in the past few years. 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 organic fertilizer market. Another concern with organic fertilizers is that a majority of them have lesser nutrient ratio than chemical fertilizers, which can massively impact farm produce.

The market for Organic Fertilizers is broadly categorized into source, crop type and form. By source the market is further segmented into 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 it is further segmented into 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 the market is further analysed under 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.

On the basis of geography, the global market is analysed 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.

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

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