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.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~ 21.6% |
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Base Year Market Size (2022) |
~ USD 600 Million |
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Forecast Year Market Size (2035) |
~ USD 6.3 Billion |
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Regional Scope |
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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:
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Crop Type |
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End-User |
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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.
Author Credits: Shivam Bhutani, Anil Kumar
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