The organic fertilizers market in North America is expected to reach US$ 2,442.15 million by 2027 from US$ 1,001.48 million in 2018 and is expected to grow at a CAGR of 10.5% from 2019 to 2027.
The North American region constitutes developed economies such as the US and Canada, and Mexico as a developing nation. Organic farming continues to remain a lucrative bet for the expanding agricultural industry in North America, in line with increasing organic food appeal to consumers as a healthy & ethical choice. Furthermore, organic fertilizers are gaining significant traction due to numerous environmental benefits, including enhanced soil structure along with water conservation. Growing awareness among farmers or crop growers about the nutritional benefits of plant-based & animal-based fertilizers and their significance in promoting the growth of earthworm & other microbiological activities vital for plant growth are fueling the adoption of organic fertilizers in this region.
Growing consumption of organic food products is the critical driver for the growth of North America's organic fertilizers market. 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 brain damage, cancer, 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 vitamins, minerals, 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 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. Expanding 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 do not get 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. In the North America region, the US has the highest number of confirmed cases of COVID-19 as compared to Canada and Mexico. This is likely to negatively affect the region's chemicals & materials industry as, due to the COVID-19, the supply chain is likely to get affected. The overall manufacturing processes, research, and development activities will also impact market growth.
North America Organic fertilizers Market Revenue and Forecast to 2027 (US$ Million)
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North America Organic fertilizers Market Segmentation
North America Organic Fertilizers Market – By Source
- Plant
- Animal
- Mineral
North America Organic Fertilizers Market – By Crop Type
- Cereals and Grains
- Oilseed and Pulses
- Fruits and Vegetables
- Others
North America Organic Fertilizers Market – By Form
- Dry
- Liquid
North America Organic Fertilizers Market – By Country
- US
- Canada
- Mexico
North America Organic fertilizers Market -Companies Mentioned
- AgroCare Canada
- Biostar Renewables, LLC
- Coromandel International Limited
- Italpollina SpA
- Midwestern BioAg
- Perfect Blend, LLC
- ScottsMiracle-Gro
- Suståne Natural Fertilizer, Inc.
North America Organic Fertilizers Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 1,001.48 Million |
| Market Size by 2027 | US$ 2,442.15 Million |
| CAGR (2019 - 2027) | 10.5% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Source
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
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