Asia Pacific Organic Fertilizers Market Growth Drivers and Forecast by 2027

The organic fertilizers market in APAC is expected to reach US$ 8,691.62 million by 2027 from US$ 3,473.48 million in 2018 and is expected to grow at a CAGR of 10.8% from 2019 to 2027.

APAC continent comprises several developing economies such as China, India, Japan, South Korea, and Australia. These emerging countries are witnessing an upsurge in the middle-class population and growth in urbanization, which offers ample opportunities for the key market players in the organic fertilizer market. The organic fertilizer market in the countries of APAC has experienced a massive shift over the years. Asia-pacific is the largest continent in the world and is known for its agricultural base. An increase in disposable per capita income leads to high demand for organic food products, further boosting the market for organic fertilizers in this region. Additionally, advancements in communication technology in various Asia-Pacific countries have enabled consumers to become aware of the growth & wellness dynamics, which has again boosted the organic fertilizers market.

Increasing the consumption of organic food products is the critical driver for APAC's organic fertilizers market growth. The individuals today are making themselves aware of healthy ways of living. Smarter consumers prefer to eat healthily and spend on healthy foods rather than spending on medical treatments. Constant checks are made on certified organic products and the use of organic fertilizers to reduce the chances of diseases like cancer, brain damage, or infant abnormalities caused due to the use of chemical fertilizers. The crops and foods grown with the application of organic fertilizers are high in nutrition content and are fresher & healthier to consume than conventional food. The organic crops also contain a high level of minerals, vitamins, and antioxidants. They also exclude toxic chemicals and genetically modified organisms as chemical fertilizers and pesticides are not used while growing them. To have a balanced, safe, and healthy lifestyle, consumers prefer consuming organic food. Due to a surge in smartphone usage, there has been tremendous access to information about organic food benefits. Added to this, the e-commerce platforms act as a facilitator in reaching out to the potential customers who are willing to pay for organic products. Growing mindfulness about the medical advantage of organic food combined with the headway in organic cultivating procedures has also paved the way for the rising demand for organic fertilizers. The chemical composition of chemical fertilizers is strong and remains deposited on the outer layer of the fruits and vegetables that are not washed away easily with water. They result in working as slow poison or cause other harmful effects on the body. The consumers being aware of this, prefer buying organic fruits and vegetables, which again boosts the demand for organic fertilizers. Many startups and franchisees are trying to grab the opportunity to produce organic fertilizers due to the rapidly increasing customer base. People now prefer a quality lifestyle over a chemically charged lifestyle. Thus the organic fertilizers market is going to take rapid shape in the future.

However, COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The consequence and impact can be even worse and depends on the spread of the virus. The government of Asia Pacific is taking possible steps to reduce its effects by announcing lockdown, and thus, impact the revenue generated by the market. The Airports Council International (ACI) Asia-Pacific warned that the prolonged duration of the coronavirus outbreak would drastically impact the region’s airports’ connectivity and economic sustainability, significantly restricting them from achieving previously forecasted growth prospects. Such closures are anticipated to impact market growth in the coming period negatively. Till now, China has the highest number of COVID -19 confirmed cases.

APAC Organic fertilizers Market Revenue and Forecast to 2027 (US$ Million)

APAC Organic fertilizers Market Segmentation

APAC Organic Fertilizers Market – By Source

• Plant
• Animal
• Mineral

APAC Organic Fertilizers Market – By Crop Type

• Cereals and Grains
• Oilseed and Pulses
• Fruits and Vegetables
• Others

APAC Organic Fertilizers Market – By Form

• Dry
• Liquid

APAC Organic Fertilizers Market – By Country

• Australia
• China
• India
• Japan
• South Korea
• Rest of APAC

APAC Organic fertilizers Market -Companies Mentioned

• AgroCare Canada
• Biostar Renewables, LLC
• Coromandel International Limited
• Italpollina SpA
• Krishak Bharati Cooperative Limited
• National Fertilizers Limited
• ScottsMiracle-Gro
• Suståne Natural Fertilizer, Inc.

Asia Pacific Organic Fertilizers Report Scope