PUNE, India, July 17, 2017 /PRNewswire/ --
The report "Organic Fertilizers Market by Source (Plant, Animal, and Mineral), Form (Dry and Liquid), Crop Type (Cereals & Grains, Oilseeds & Pulses, and Fruits & Vegetables), and Region (North America, Europe, Asia-Pacific, and RoW) - Global Forecast to 2022", published by MarketsandMarkets™, the Organic Fertilizers Market was valued at USD 5.87 Billion in 2016. It is projected to grow at a CAGR of 12.08% from 2017, to reach 11.16 Billion USD by 2022.
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Browse 78 Market Data Tables and 46 Figures spread through 157 Pages and in-depth TOC on "Organic Fertilizers Market - Global Forecast to 2022"
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Increasing land area under organic cultivation and advancements in the organic fertilizers' manufacturing process are the major drivers of the Organic Fertilizers Market. Increasing size of potential consumer base, which drives the demand for organic fertilizers through organic food consumption present organic fertilizers providers with lucrative opportunities.
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Significant growth expected in the animal segment
Animal-based organic fertilizers are a good source of nitrogen, phosphorous, and potassium along with of phosphorus and calcium that strengthens the root health development and flower growth. The awareness about the nutritional benefits of animal-based organic fertilizers has resulted in an increased usage of these fertilizers in the recent years.
Fruits & vegetables segment projected to be the fastest-growing market during the forecast period.
The well-developed infrastructure for cold chains and refrigerated transport facilities have increased the trade and demand for fruits & vegetables. As the demand for organic fruits & vegetables is increasing, growers need to produce more in the limited organic land area, owing to which the application of organic fertilizers in fruits & vegetables is increasing.
Liquid segment projected to be the fastest-growing market during the forecast period.
Liquid fertilizers have the characteristic of rapid absorbability by soil, which in turn ensures that nutrients reach crops faster than other forms of fertilizers. Thus, the application of liquid organic fertilizers has become popular among farmers over the last few years, opening new opportunities for the organic fertilizers industry.
Europe is estimated to be the largest region during the forecast period
Increase in consumer willingness to pay for the organic foods, increasing area under cultivation due to farmers' preference towards organic cropping owing to favourable pricing of products, and growing agricultural land area under organic cultivation has boosted the Organic Fertilizers Market in the region. Spain is the largest market for organic fertilizers in the region. Substantial growth is expected in Germany, France, and Italy due to the increasing health, safety, and environmental concerns. These factors are driving the Organic Fertilizers Market in the region.
The key companies 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). These are well-established and financially stable players that have been operating in the industry for several years. 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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