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Blue-Green Algae (BGA) Fertilizer Market Segmentation by End-User (Organic Farms, Nursery, Domestic, and Others); by Crop Type (Grains & Cereals, Commercial Crops, and Others) – Global Demand Analysis & Opportunity Outlook 2030

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Extensive insights into the Growth of Blue-Green Algae (BGA) Fertilizer Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

·   November, 2020: ILSA S.p.A. launched FERTIL 10 and a new range Ilsalife Plus biofertilizer for organic farming

Global Blue -Green Algae Fertilizer Market Highlights over 2022 – 2030

The global blue-green algae fertilizer market is estimated to grow at a noteworthy CAGR over the forecast period, i.e., 2022 – 2030. Blue-green algae (BGA), also known as, cyanobacteria, have been developed as a prominent part of organic farming, as these organisms act as a fertilizer for the soil. The growth of the market can be attributed to the increasing trend of organic fertilizers and pesticides over chemicals, backed by rising environmental awareness. Chemical-based fertilizers pollute the crop, seep into ground polluting the groundwater, and accumulate in the water bodies, causing loss of aquatic life. Moreover, these fertilizers make the soil barren overtime, and are non-biodegradable. Excessive use of chemical fertilizers was responsible for massive water pollution, which is why organic or bio-fertilizers were introduced. BGA is one of the primarily used biofertilizer, owing to its nitrogen fixing properties. Use of BGA can reduce urea by almost 25% with an overall 4% increase in the yield for paddy crops. This is estimated to boost the market growth. Moreover, government initiatives to curb the pollution caused by ammonia-based fertilizers is also expected to boost the market growth. UNEP established a campaign “Halve Nitrogen Waste”, which aims to cut the nitrogen emission in air and water by 50% by 2030.

Blue -Green Algae Fertilizer Market

The blue-green algae fertilizer market is segmented by end-user into organic farms, nursery, domestic, and others, out of which, the organic farms segment is anticipated to hold the largest share in the market on account of rising adoption of organic farming, especially in developed countries, coupled with government initiatives to promote the use of BGA on a mass level. Moreover, subsidies on biofertilizers, along with specific stores for organic produce are some of the factors estimated to boost the segment growth. CLICK TO DOWNLOAD SAMPLE REPORT

Global Blue-Green Algae Fertilizer Market Regional Synopsis

On the basis of geographical analysis, the global blue-green algae fertilizer market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America region is estimated to witness noteworthy growth over the forecast period on the back of growing demand of organic food amongst the masses, supported by rising health awareness in the region. Additionally, high individual disposable income is another major factor estimated to boost the market growth.

The market in the Asia Pacific region is estimated to experience significant growth over the forecast period, owing to the large population, high dependance on agriculture for a living, in the developing countries, along with growing government concerns regarding the use of fertilizers in crops. Large number of people practicing farming in India and China, is estimated to boost the market growth.

Blue-Green Algae Fertilizer Market

The global blue-green algae fertilizer market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Market Segmentation

Our in-depth analysis of the global blue-green algae fertilizer market includes the following segments:

By End-Users

  • Organic Farms
  • Nursery
  • Domestic
  • Others

By Crop Type

  • Grains & Cereals
  • Commercial Crops
  • Others

Growth Drivers

  • Increasing Acceptance of Biofertilizers
  • Nitrogen Fixation Properties of Cyanobacteria

Challenges

  • Lack of Expertise amongst the Farmers

Top Featured Companies Dominating the Market

  • Camson Bio Technologies Limited
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Coromandel International Limited
  • Scotts Miracle-Gro Company
  • Tata Chemicals Limited
  • Multiplex Group of Companies
  • Italpollina S.p.A.
  • The Fertilisers and Chemicals Travancore Limited
  • Madras Fertilizers Limited
  • Paradeep Phosphates Limited
  • California Organic Fertilizers, Inc.

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