Organic Fertilizers Market by Source, Form, Crop Type, and Region - Global Forecast to 2022
NEW YORK, July 24, 2017 /PRNewswire/ -- "The organic fertilizers market is projected to grow at a CAGR of 12.08% during the forecast period."
The organic fertilizers market is projected to grow at a CAGR of 12.08% from 2017, to reach USD 11.16 billion by 2022. The demand for organic fertilizers is projected to be on the rise, owing to increasing land under organic cultivation. Globally, the agricultural land area under organic cultivation increased at a CAGR of 8.5% between 2000 and 2015, wherein it stood at about 50.9 million hectares in 2015, or about 1% of the agricultural land globally. Similarly, the agricultural land area under organic cultivation in the North American and European markets increased at CAGRs of 7.7% and 7.0%, respectively, from 2000 to 2015. In terms of addition to the land area during the year 2015, these regions witnessed an increase of about 0.6 million hectares and 1 million hectares, respectively, when compared to 2014. On the other hand, higher reliance on inorganic means of cultivation is the major restraint for the organic fertilizers market.
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"The market for animal-based organic fertilizers is projected to grow at the highest CAGR."
The market for animal-based organic fertilizers is projected to be the fastest-growing during the forecast period. Animal-based organic fertilizers are a good source of necessary nutrients required for the growth of a plant that strengthens the root health development and flower growth. This is one of the major factors driving the market for animal-based organic fertilizers globally.
"Cereals & grains segment, by crop type, dominated the organic fertilizers market in 2016."
In 2016, the cereals & grains segment accounted for the largest share of the global organic fertilizers market. Crops such as wheat and rice require more nutrition during their growth stages, and hence, result in higher expenditure on fertilizers. Farmers are facing a rise in demand for organic agricultural products, especially in growing economies such as China and India; this has increased the demand for organic fertilizers in cereal & grain cultivation.
"Liquid segment was the largest segment in the organic fertilizers market, by form, in 2016."
On the basis of form, liquid was the largest segment in the organic fertilizers market in 2016. Liquid organic fertilizers are the most widely used and preferred form of organic fertilizers. The reason being it provides a number of advantages over the dry form of organic fertilizers. The liquid form is a more convenient, economical, and effective way of adding nutrient to the crops.
"Asia-Pacific is projected to be the fastest-growing region in the organic fertilizers market during the forecast period."
The fastest-growing market for organic fertilizers is projected to be Asia-Pacific between 2017 and 2022. The largest producer in the region, China, continues to contribute to the region's leading position with substantial growth witnessed in India and Australia. A large number of organic fertilizers manufacturers are present in the region, wherein India has the largest number of organic fertilizer manufacturers globally. The demand for organic food is estimated to increase in India and China due to the rising population, increasing purchasing power, and changing consumer food preferences. This increase in demand for nutrient and healthy food has triggered the organic food production in the region.
Break-up of primaries:
- By Company Type: Tier 1 - 50%, Tier 2 - 30%, and Tier 3 - 20%
- By Designation: Director level- 25%, C-level - 40%, and Others - 35%
- By Region: North America- 35%, Europe - 30%, Asia-Pacific - 20%, Rest of the World- 15%,
The global market for organic fertilizers is dominated by large players such as The Scotts Miracle-Gro Company (U.S.), BioFert Manufacturing Inc. (Canada), Italpollina spa (Italy), Midwestern BioAg (U.S.), and Tata Chemicals Limited (India).
Research Coverage
The organic fertilizers market has been segmented on the basis of source, crop type, form, and region. In terms of insights, this research report has focused on various levels of analyses—industry analysis, market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the global organic fertilizers market, high-growth regions, countries, and their respective regulatory policies, government initiatives, drivers, restraints, opportunities, and challenges.
Reasons to buy this report:
• To get an overview of the global organic fertilizers market
• To get an overview of the key players of the organic fertilizers industry and key strategies adopted by these players to increase their market presence
• To gain insights on the major regions in which the organic fertilizers market is growing
• To gain knowledge of the growth of various organic fertilizers.
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