Blue-green Algae (BGA) Fertilizer Market Size & Share, by Crop-Type (Grains & Cereals, Commercial crops); End-user (Organic Farms, Nursery, Domestic) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 3362
  • Published Date: Aug 11, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Blue-green Algae Fertilizer Market size is estimated to cross USD 6.3 Billion, growing at a CAGR of 21.6 % during the forecast period, i.e., 2023-2035. In the year, 2022, the industry size of the blue-green algae fertilizer was over USD 600 Million.

With the rising interest in organic farming and the shift towards healthier and more sustainable food production methods, there is an increasing demand for organic fertilizers. Globally. Organic farmland increased by 3.0 million hectares (4.1 percent) in 2020. Blue-green algae-based fertilizers, being a natural and organic option, align well with the needs of organic farmers and can gain traction in this market.


Blue-green Algae Fertilizer Market
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Blue-green Algae Fertilizer Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~ 21.6%

Base Year Market Size (2022)

 ~ USD 600 Million

Forecast Year Market Size (2035)

 ~ USD 6.3 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Blue-green Algae Fertilizer Sector: Growth Drivers and Challenges

Market-Growth-Drivers

Growth Drivers

  • Improved soil health and plant growth- Blue-green algae fertilizers are known to enhance soil structure and nutrient content, promoting better plant growth and crop yields. As agriculture faces the challenge of feeding a growing global population, farmers are continually seeking more efficient and effective ways to improve crop productivity, making blue-green algae fertilizers an attractive choice.
  • Advances in Research & Development - Ongoing research and development in the field of biotechnology and agriculture may lead to advancements in blue-green algae fertilizer formulations. If these advancements result in more cost-effective, efficient, and convenient products, they can drive greater adoption of such biofertilizers.
  • Government support and incentives- Some governments offer incentives and subsidies to promote sustainable and eco-friendly agricultural practices. As part of their efforts to reduce chemical fertilizer usage and its environmental impact, governments may encourage the adoption of alternative fertilizers like blue-green algae-based products, thereby boosting the blue-green algae fertilizer market.

Challenges

  • Limited awareness and knowledge-One of the primary obstacles to the blue-green algae fertilizer market is the lack of awareness and understanding among farmers and consumers. Many potential users may not be familiar with the benefits and proper application of blue-green algae fertilizers, leading to hesitancy in adopting these products.
  • High production costs
  • Variable product quality


Blue-green Algae Fertilizer Segmentation

Crop Type (Grains & Cereals, Commercial crops)

Grains and cereals account for a significant market share due to the nitrogen-fixing capabilities of BGA fertilizer and low-cost inputs. With vast rice production, the BGA fertilizer market is experiencing significant growth. Rice production in 2021 was estimated to be around 212 million metric tons.

End-User (Organic Farms, Nursery, Domestic)

Organic farms account for the majority of the blue-green algae fertilizer market share of 54% because BGA fertilizers are more commonly employed in organic farms since they produce compounds that increase the quantity of organic matter in the soil. These are great solutions because they assist both the environment and the economy while providing nutrients to crops at an affordable price.

Our in-depth analysis of the global market includes the following segments:

    Crop Type

  • Grains & Cereals
  • Commercial crops

    End-User

  • Organic Farms
  • Nursery
  • Domestic

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Blue-green Algae Fertilizer Industry - Regional Synopsis

North American Market Forecast

The blue-green algae fertilizer market in North America is anticipated to hold a major revenue share of 40% by the end of 2035. This is primarily accounted for owing to the country's strong and sustainable agriculture system and rising demand for bio-fertilizer in the region. Additionally, regions with a concentration of specialty crop production, such as Florida for citrus fruits or Idaho for potatoes, could also see increased adoption of blue-green algae fertilizers. The region’s environmentally friendly practices drive the demand for bio-based fertilizers in various crop types.

European Market Statistics

Europe blue-green algae (BGA) fertilizer market is expected to grow at a significant rate during the forecast period, owing to the European Union's ongoing encouragement of biofertilizers as cost-effective, advising farmers to optimize the application of chemical fertilizers or replace them entirely or partially with eco-friendly ones to result in better economic returns. The EU Common Agricultural Policy encourages the use and adoption of bio-based goods and organic farming. It directs up to 30% of the money to farmers to preserve sustainable farming practices.

Research Nester
Blue-green Algae Fertilizer Market  Size
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Companies Dominating the Blue-green Algae Fertilizer Landscape

top-features-companies
    • Coromandel International Limited
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis

     

    • The Scotts Company LLC
    • Tata Chemicals Ltd. 
    • LidoChem, Inc.
    • OMRI 
    • Grace Breeding Ltd
    • The Fertilisers And Chemicals Travancore Limited
    • MADRAS FERTILIZERS LIMITED 
    • Paradeep Phosphates Ltd. 
    • California Organic Fertilizers, Inc.
    •  Dimiagro.
    • Incitec Pivot Fertilisers

In-the-news

In The News

  • A bioactive derived from "blue-green" algae (Cyanophyta) can uproot and accelerate growth in plants like soybeans and corn by up to 10%. This microorganism from the Pantanal basin has been used to create a product created by Embrapa Energia and the business Dimiagro. It sends a chemical signal to vegetables to support physiological processes, which increases their vitality and productivity.
  • Evolva collaborates with Grace Breeding to replace chemical fertilizers with organic alternatives.

Author Credits:  Shivam Bhutani, Anil Kumar


  • Report ID: 3362
  • Published Date: Aug 11, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Improved soil health and plant growth, supportive government policies and incentives, and advances in research and development are some of the major growth drivers for the market over the forecast period.

The market size of Blue-green Algae Fertilizer is anticipated to attain a CAGR of 21.6% over the forecast period, i.e., 2023 – 2035.

The major players in the market are The Scotts Company LLC, Tata Chemicals Ltd., Multiplex Group of Companies, OMRI, The Fertilisers And Chemicals Travancore Limited, MADRAS FERTILIZERS LIMITED, Paradeep Phosphates Ltd., California Organic Fertilizers, Inc., Incitec Pivot Fertilisers, BioAg Pty Ltd and others.

The grains & cereals segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Blue-green Algae Fertilizer Market Report Scope
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