The organic fertilisers market is expected to be worth USD 6.30 billion in 2017 and USD 11.16 billion by 2022, growing at a CAGR of 12.08 percent over that time period. The study's base year is 2016, and the prediction period is from 2017 to 2022. The report's primary goal is to define, categorise, and forecast the global market size by source, crop type, form, and region. The report's other goal is to figure out how the market is structured by identifying different segments. The research also assists stakeholders in identifying market potential, offering a competitive landscape, and predicting market size.
Secondary sources (directories and databases) were used to find and collect information suitable for a technical, market-oriented, and commercial examination of the market, such as Hoovers, Forbes, Bloomberg Businessweek, and Factiva. Industry experts from the core and associated industries, as well as preferred suppliers, dealers, manufacturers, alliances, standards & certification bodies, and organisations related to all segments of this industry's value chain, are among the key sources used in the study. In-depth interviews with a variety of primary respondents, including major industry participants, subject matter experts, and government officials, were undertaken.
Organic fertiliser manufacturers and suppliers are significant players in the global organic fertilisers market. Tata Chemicals Limited (India), Scotts Miracle-Gro Company (US), Coromandel International Limited (India), National Fertilizers Limited (India), Krishak Bharati Cooperative Limited (India), Midwestern BioAg (US), Italpollina SpA (Italy), ILSA S.p.A (Italy), Perfect Blend, LLC (US), Sustane Natural Fertilizer, Inc. (US), BioStar Systems, LLC (US), Perfect (US).
Organic fertilisers are made synthetically from byproducts of crude oil refining and a variety of other mined and naturally occurring minerals. These fertilisers help to rejuvenate the soil and improve crop quality and quantity. Synthetic fertiliser use, on the other hand, offers a risk of contamination of groundwater and surface water bodies, as well as the transmission of synthetic wastes into the food chain. This can have a negative influence on both human and animal health. The soil is supplied with extra fertilisers, which offer nitrogen, phosphorus, and potassium, among other essential components, to maintain optimal nutrition.
According to the authority, the animal category dominated the market in 2017, accounting for the highest value share. Organic fertilisers, such as blood meal, bone meal, and manure, are made from animals, fish, and birds, and aid in crop growth. Primary growth nutrients such as nitrogen, phosphorus, and potassium are found in them. Chicken dung enhanced cotton productivity by 12 percent above chemical fertilisers in 2014, according to The Agricultural Research Service (ARS), a research agency of the United States Department of Agriculture (USDA). Manure, blood meal, bone meal, feather meal, fish meal, and other by-products are among the animal-based organic fertilisers.
The organic fertilisers market is divided into cereals & grains, fruits & vegetables, oilseeds & pulses, and others, depending on the crop type. In 2017, the cereals and grains segment held the greatest proportion of the global market. Rice ranked first among cereal crops in terms of volume of production in 2014, according to the Food and Agricultural Organization. Cereals are one of the most important staple crops around the world. Organic fertilisers aid in the efficient absorption of nutrients by cereal crops. They are one of the most important aspects of nutrient management since they are renewable and less expensive than synthetic fertilisers. These fertilisers are beneficial not only to the soil but also to the plants.
The organic fertilisers market is divided into cereals & grains, fruits & vegetables, oilseeds & pulses, and others, depending on the crop type. In 2017, the cereals and grains segment held the greatest proportion of the global market. Rice ranked top among cereal crops in terms of volume of production in 2014, according to the Food and Agricultural Organization. Cereals are one of the most significant staple crops in the world. Organic fertilisers aid in the efficient absorption of nutrients by cereal crops. They are one of the most important aspects of nutrient management since they are renewable and less expensive than synthetic fertilisers. These fertilisers are beneficial not only to the soil but also to the plants.
The market is divided into dry and liquid segments based on the shape. In 2017, the dry sector held the greatest proportion of the global market. Dry organic fertilisers can be made up of a single ingredient, such as rock phosphate, or a combination of ingredients. These fertilisers are less expensive than liquid fertilisers, but they must be used in larger quantities because they are not completely absorbed by the crops. Almost all dry organic fertilisers provide a wide range of nutrients; however, a few dry organic fertilisers with a balanced ratio of NPK and micronutrients are available. They are popular among farmers since they do not necessitate the use of sophisticated technology.
During the forecast period, Asia Pacific is expected to grow at the quickest rate in the market. In terms of value, the market is expanding rapidly all over the world, particularly in Asia Pacific. As per capita income rises, so does demand for organic food, which drives the organic fertiliser business in this region. Furthermore, advances in communication technology have enabled consumers to become more aware of growth and wellness dynamics, boosting this industry globally, particularly in developing countries such as Brazil and India. Fruits and vegetables, cereals, and grains are among the principal crops grown in these countries.
The growing reliance on inorganic farming techniques is one of the primary restraints on the organic fertiliser market's growth. Farmers are increasingly dependent on the application of synthetic fertilisers to enhance the productivity of cultivated land in response to rising food demand. China has the highest use and simultaneous increase in synthetic fertiliser use among emerging countries, going from nearly 377 kilogrammes per hectare in 2002 to nearly 565 kilogrammes per hectare in 2014, which is greater than the global average.
Tata Chemicals Limited (India), The Scotts Miracle-Gro Company (US), Coromandel International Limited (India), National Fertilizers Limited (India), and Krishak Bharati Cooperative Limited (India) are among the prominent firms working on global expansion strategies. These businesses are well-known in India and North America. Furthermore, these corporations have manufacturing sites throughout these regions, as well as a well-developed distribution network.
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