Report : Organic Fertilizers Market Forecasts to 2027 - Covid-19 Impact & Global Analysis by Source (Plant, Animal, Mineral); Crop Type (Cereals and Grains, Oilseed and Pulses, Fruits and Vegetables, Others); Form (Dry, Liquid) and Geography
Benefits associated with organic fertilizersto sscalate market growth at 10.6%CAGRduring 2019–2027
According to the latest market study on “Organic FertilizersMarket Forecast to 2027 – COVID-19 Impact and Global Analysis -by Source (Plant, Animal, Mineral); Crop Type (Cereals and Grains, Oilseed and Pulses, Fruits and Vegetables, Others); Form (Dry, Liquid)and Geography,” the market was valued atUS$ 6,181.99million in 2018 and is projected to reach US$ 15,168.62million by 2027; it is expected to grow at a CAGR of 10.6% during 2019–2027. The report highlightskey driving factorsand prominent market players along with their developmentsin the market.
Organic fertilizers’s main function is to offer nutrients in organic forms that arederived from organic materials of plant or animal origin. The organic fertilizers provide sustainable agricultural benefits to farmers, growers, consumers, and protects the environment at large. These fertilizers are free from harmful chemicals that can cause water pollution, air pollution, acidification of soil, and chemical burns to crops. They nurture the soil with organic matter that reduces the dependency on chemical inputs and boosts the nutrient efficiency of soil. The organic fertilizers restore and maintain soil fertility to nurture plant growth. They enhance the biological activities & biodiversity in the soil. The organic fertilizers boosts the water efficiency of the soil, which in turn makes the crops more resilient and drought resistant.
Organic fertilizers are producedfrom natural sources such as animal matter, manure, vegetable matter, and human excreta. It is a vital element that promotes the growth of micro-organisms present in the soil. The nutritional content of the organic fertilizer depends upon its composition. Organic fertilizers are easy to use and are also food safe compared to synthetic fertilizers. Synthetic fertilizers can cause harm to the environment as well as to the living creatures, due to which the companies have developed organic fertilizers to reduce the damage. The increase in organic farming is one of the important factors driving the growth of the organic fertilizers market. The growing health awareness among consumers is driving the demand for organic products. As the consumers consider organic products as safe and healthy, there has been a significant increase in the organic farming across the world.
The COVID-19 outbreak was first reported in Wuhan (China) in December 2019, and since then, it has spread at a fast pace globally. Lockdowns, travel bans, and business shutdown measuresimplemented to the spread of infection have led to the limitations on the supplies of chemical and materials products. This represents a significant loss for organic fertilizers manufacturers.
AgroCare Canada, Inc; Biostar Renewables, LLC; Coromandel International Limited; Italpollina S.p.A; Midwestern BioAg; Perfect Blend, LLC; Sustane Natural Fertilizer, Inc; National Fertilizers Limited;Krishak Bharati Cooperative Limited; and The Scotts Miracle-Gro Company are among the well-established players in the global organic fertilizersmarket.
The report segments the global organic fertilizersmarket as follows:
By Crop Type