Organic Fertilizer Market will grow at highest pace owing to increasing organic farming practices

The Organic Fertilizer Market consists of plant and animal-derived nutrients that add essential minerals and organic matter to soil and aid plant growth. Organic fertilizers enrich the soil with nitrogen, phosphorus, and potassium through the breakdown of organic wastes of plant and animal origin. They improve soil health by increasing microbial activity and support organic farming practices. The growing demand for chemical-free, nutritious food has significantly contributed to the adoption of organic farming and consequently the uptake of organic fertilizers. 

The Global Organic Fertilizer Market is estimated to be valued at US$ 12.31 Bn in 2024 and is expected to exhibit a CAGR of 6.1% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the organic fertilizer market are Yara International ASA, PT Pupuk Kalimantan Timur, BASF SE, FMC Corporation, Lallemand Inc., T Stanes & Company Limited, Madras Fertilizers Limited, Cropmate Fertilizers Sdn Bhd, Midwestern BioAg, Biostar Renewables, LLC, NatureSafe, Biolchim Spa, Rizobacter Argentina S.A., National Fertilizers Limited, Gujarat State Fertilizers & Chemicals Ltd., String Bio, Rashtriya Chemicals & Fertilizers Ltd, Agrinos, Biomax Naturals, and Symborg (Corteva Agriscience).

Organic Fertilizer Market Demand is for chemical-free and sustainable agricultural practices is a key factor fueling the adoption of organic fertilizers across major farming countries. Advancements in formulations are leading to products with better effectiveness and nutrient delivery properties.

Market Trends

Organic Fertilizer Market Size and Trends include the increasing popularity of hydroponics and controlled-release formulations. Hydroponics uses nutrient-rich water solutions instead of soil and enables produce to be grown in controlled indoor environments using organic fertilizers. Controlled-release organic fertilizers slowly release nutrients over time matched to the plants' needs to provide sustained nutrition and reduce leaching or run-off.

Market Opportunities

Rising applicability in turf and lawns management and growing research towards bio-stimulant formulations present key opportunities. Organic fertilizers are increasingly replacing chemicals in turf farming and lawn care. Additionally, integrating bio-stimulant ingredients that improve stress tolerance and yield could further boost the market.

Impact of COVID-19 on Organic Fertilizer Market

The COVID-19 pandemic has significantly impacted the organic fertilizer market. The nationwide lockdowns imposed travel restrictions across countries, disrupting the supply chain and logistical operations. This led to difficulties in the transportation and distribution of raw materials as well as the finished products. Additionally, with the closure of agriculture lands, farms, and limited workforce availability, the demand from the agriculture sector reduced drastically during the initial lockdown phases. However, with movements easing in late 2020 and 2021, sales have started recovering steadily. Still, the persisting supply chain challenges continue to hamper complete recovery. Moving forward, the market is expected to pick up pace steadily as the pandemic recedes further and economic activities return to pre-COVID levels globally.

Regions with Concentrated Organic Fertilizer Market Value:

In terms of value, Asia Pacific holds the major share of the global organic fertilizer market currently. Countries like China, India, Japan, and South Korea are the major revenue contributors in this region. This is owing to higher agricultural production and growing adoption of organic farming practices led by policies promoting sustainable agriculture. Europe ranks second with Germany, France, UK, Italy, and Spain accounting for a significant combined revenue share. North America follows Europe with the United States being the leading revenue generator.

Fastest Growing Region for Organic Fertilizer Market:

The market is anticipated to witness the fastest value growth in Latin America during the forecast period from 2024 to 2031. This growth can be attributed to factors such as increasing awareness about organic produce and their associated health benefits. Further, government initiatives and certification programs aiding the adoption of organic agricultural practices are fueling market expansion. Countries like Brazil and Mexico are expected to drive the development of organic farming and influence fertilizer sales positively. Overall, Latin America provides lucrative opportunities for manufacturers looking to expand their geographical footprint.

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About Author:

Ravina Pandya, content writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemicals and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)