South America Organic Fertilizers Market Segments and Growth by 2027

The organic fertilizers market in SAM is expected to reach US$ 1,453.15 million by 2027 from US$ 619.07 million in 2018 and is expected to grow at a CAGR of 10.0% from 2019 to 2027.

Organic fertilizers are used to grow all types of crops, but the application rate depends on the soil fertility measured by the soil test. There is a rising trend in using liquid fertilizer as they are less labor extensive compared to the dry form of organic fertilizers. The liquid fertilizers are applied as an irrigation system and a starter fertilizer in rows to the crops that help develop plant nutrients and minimize environmental issues. There is an increasing demand for liquid organic fertilizers due to the growing need to meet the increasing food demand generated from the rapidly growing population. The need for nitrogen, potassium, and phosphorous fertilizers has incremented the demand for food grains and concerns regarding the depletion of groundwater resources that favors the market for liquid organic fertilizers.

Moreover, the implementation of advanced technologies that proffers and evenly nutrient supply of nitrogen, phosphate, and potassium contents will propel the liquid organic fertilizers market. Foliar feeding, which is done through leaves supply nutrients to those parts of the plants that lack the required nutrients and the stressed roots. Today, the farmers are learning the benefits of liquid organic fertilizers over dry forms, which is bolstering well the wide-scale acceptance of liquid organic fertilizers across SAM.

However, COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Brazil has the highest number of COVID-19 cases, followed by the countries Ecuador, Chile, Peru, and Argentina. South American government has taken various actions to protect their citizens and contain COVID-19’s spread. It is expected that South America will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to Europe, China, and the United States, which are important trade partners. Containment measures in several South American countries will reduce economic activity in the manufacturing sectors for at least the next quarter, with a rebound once the epidemic is contained. This is anticipated to impact organic fertilizers market growth in the coming period negatively.

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

SAM Organic fertilizers Market Segmentation

SAM Organic Fertilizers Market – By Source

• Plant
• Animal
• Mineral

SAM Organic Fertilizers Market – By Crop Type

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

SAM Organic Fertilizers Market – By Form

• Dry
• Liquid

SAM Organic Fertilizers Market – By Country

• Brazil
• Argentina
• Rest of SAM

• AgroCare Canada
• Biostar Renewables, LLC
• Italpollina SpA
• ScottsMiracle-Gro
• Suståne Natural Fertilizer, Inc.

South America Organic Fertilizers Report Scope