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″, 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. 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.
Based on the source, the animal segment dominated the market, holding the largest share in terms of value in 2017. Animals, fish, and birds are utilized to produce organic fertilizers, including blood meal, bone meal, and manure that helps in the growth of crops. They contain primary growth nutrients, such as nitrogen, phosphorous, and potassium. According to The Agricultural Research Service (ARS), a research agency of the United States Department of Agriculture (USDA), in 2014, chicken manure increased the cotton yield by 12% over chemical fertilizers. Animal-based organic fertilizers are further segmented into manure, blood meal, bone meal, feather meal, fish meal, and other by-products. The blood meal segment dominated the market for animal-based organic fertilizers, with a share of nearly 32% in 2016. Blood meal is the powdered blood of animals, which contains 14% of nitrogen and micronutrients, such as zinc, copper, and boron.
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Based on the crop type, the organic fertilizers market is segmented into cereals & grains, fruits & vegetables, oilseeds & pulses, and others. The cereals & grains segment accounted for the largest share of the global market in 2017. Cereals are one of the most important staple crops across the globe, and rice ranked first among cereal crops, in terms of the volume of production in 2014, according to the Food and Agricultural Organization. Organic fertilizers help cereal crops to absorb nutrients more efficiently. They are one of the critical components of nutrient management and are renewable and more cost-effective as compared to synthetic fertilizers. These fertilizers not only enhance plant growth and yield but also improve the health and fertility of the soil. They also help in improving crop immunity to diseases, thereby reducing expenses on crop protection chemicals.
Based on the form, the market is segmented into dry and liquid. The dry segment accounted for the largest share of the global market in 2017. Dry organic fertilizers can consist of a single material such as rock phosphate, or it can be a blend of different ingredients. These fertilizers are cost-effective; however, they are required in large quantities as compared to the liquid form, as they are not completely absorbed by the crops. Almost all dry organic fertilizers provide an extensive range of nutrients; however, there are a few dry organic fertilizers with a balanced proportion of NPK and micronutrients. They are widely used among farmers as they do not require the use of advanced technology-based hardware.
Asia Pacific is projected to witness the fastest growth in the market during the forecast period. In terms of value, the market is experiencing high growth around the globe, especially in the Asia Pacific region. Increase in per capita income leads to high demand for organic food, which also drives the market for organic fertilizers in this region. Along with this, advancements in communication technology have enabled people to become aware of the growth and wellness dynamics, which has boosted this market globally, especially in developing countries such as Brazil and India. The major crops produced in these countries include fruits & vegetables, cereals, and grains. The key countries that play an important role in agriculture include India, China, and Australia. Cotton, sugarcane, fruits & vegetables, and cereals are the leading agricultural commodities exported from these countries.
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The key players such as Tata Chemicals Limited (India), The Scotts Miracle-Gro Company (US), Coromandel International Limited (India), National Fertilizers Limited (India), Krishak Bharati Cooperative Limited (India) are focusing on adopting growth strategies to expand in the global market. These companies have a strong presence in India and North America. In addition, these companies have manufacturing facilities across these regions, with a strong distribution network.
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