Organic Fertilizers Market size is expected to reach USD 26 Billion by the end of 2036, growing at a CAGR of 7.5% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of the organic fertilizers was USD 11 Billion and the reason behind this growth is impelled by the growing focus on organic farming practices along with the high availability of raw materials. The rising demand for organic food products, and the health and fitness benefits associated with organic products. According to a report, sales of organic food increased from approximately USD 18 billion in 2000 to over USD 134.76 billion in 2022.
Furthermore, the high demand for organic fertilizers is fueled by factors such as the need to overcome mineral deficiencies in soil, ensure food security for growing populations, and improve crop yields while focusing on product performance, technical competence, quality, and price.
Growth Drivers
Challenges
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
~7.5% |
Base Year Market Size (2023) |
~ USD 11 Billion |
Forecast Year Market Size (2036) |
~ USD 26 Billion |
Regional Scope |
|
Source (Animal, Plant, Mineral)
The animal source is estimated to gain a robust market share of 63% in the coming years owing to the sustainability that it provides in terms of nutrients without depleting non-renewable resources, as animal-based sources consist of meat, poultry, fish, animal by-products, and many more. Animal-based fertilizers also reduce the quantity of waste being disposed of, providing a circular and eco-friendly solution. While providing high environmental benefit, as it removes certain toxins or pollutants from waste materials. According to the latest data from the FAOSTAT, in 2021, world agriculture used 108 million tonnes of nitrogen, 45 million tonnes of phosphorus, and 42 million tonnes of potassium fertilizers.
Crop Type (Cereals, Grains, Oilseeds, Pulses, Fruits, Vegetables)
The cereals and pulses segment is set to garner a notable share shortly and is likely to remain the second largest segment in the application of the organic fertilizers market as its use can improve yield, leading to higher and more profitable crops. The use of organic fertilizers can also improve the nutrient balance in the soil, allowing for the proper development of cereals and pulse crops. Moreover, when crops are grown in healthy, nutrient-rich soil, cereal and pulse crops are more resistant to pests and diseases.
Nutrient Content (More than 60%, 40-60%, 20-40%)
The presence of organic substances from 40% to 60% % in agricultural soil segment is estimated to hold a noteworthy share as
The presence of organic substances in agricultural soil improves its quality, allowing for more sustainable and environmentally friendly farming practices, along with this the presence of organic substances in agricultural soil can also improve soil fertility, which aids in the growth of crops and increases yield. Moreover, the presence of organic substances can also reduce soil erosion and improve water retention, reducing degradation and soil moisture loss.
Our in-depth analysis of the global market includes the following segments:
Source |
|
Crop Type |
|
Nutrient Content |
|
North American Market Forecast
The organic fertilizers market in North America is estimated to have the largest share of approximately 38% in 2023, impelled by the growing demand for sustainable and eco-friendly agricultural practices, as farmers desire to achieve optimal yields while minimizing environmental impact. The increasing consumers' awareness of the negative impacts of synthetic chemicals in food products is driving the demand for organic food, thus boosting the organic fertilizer market. Moreover, the demand for chemical-free food products is on the rise, leading to an increased adoption of organic fertilizers sourced from natural materials. In 2018, organic market sales were US$47.86 billion, and the market grew by 6.3% from 2017 to 2018.
APAC Market Statistics
The Asia Pacific organic fertilizers market is estimated to be the second largest, during the forecast timeframe led by the higher demand for organic agriculture because it provides high-quality agricultural products as the necessity to ensure food security in the region, leading to high investments in research and development while the changes in farming practices in organic farming, leads to the development of the market.
Author Credits: Rajrani Baghel
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?