Organic Fertilizer Market size was valued at USD 10,213.4 million in 2021, growing at a 12.6% CAGR from 2022 to 2028. Organic fertilizers are carbon-based fertilizers that are produced naturally. Organic Fertilizers are added to the soil or applied to plants to aid in their growth by giving nutrients. Organic fertilizers break down fast and have no adverse impacts on the surface or groundwater, making them safer for the environment, animals, and soil that come into touch with them. These fertilizers prolong soil structure, enhance soil retention of nutrients and water, and have a long shelf life. Since they are non-toxic, slow-releasing fertilizers that do not leave any residues in the food, they are chosen for producing agricultural output that is residue-free. Due to factors such as the growing need to raise agricultural production and growing knowledge of the negative impacts of chemical inputs and the beneficial effects of organic fertilizers, the organic fertilizer market is anticipated to experience considerable expansion over the forecast period. However, the growing reliance on inorganic farming methods is one of the main issues limiting the growth of the organic fertilizers market. Moreover, farmers are increasingly dependent on the use of synthetic fertilizers to maximize the productivity of the farmed land in response to the rising demand for food. Of all the emerging nations, China uses synthetic fertilizers more frequently and more rapidly than the average country, going from around 377 kg per hectare in 2002 from about 565 kg per hectare in 2014. Recent Market Developments: In September 2021: Yara Suomi Oy (“Yara”) announced the acquisition of Ecolan Oy, a Finnish producer of recycled fertilizers. This is Yara’s first acquisition in the organic fertilizer segment which reflects the commitment to play a bigger role in organic farming.
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The demand for food products rises as the population grows. A limited amount of arable land is available, hence agricultural production management and land management have become crucial. In order to meet the demand, the agriculture industry is under pressure to cultivate more food crops. Fertilizers are a major component of the agriculture sector's efforts to increase soil production. To increase crop productivity, chemical or synthetic fertilizers are primarily used. Additionally, there is a tendency towards the use of these fertilizers as people become more conscious of the harmful impact that chemical fertilizers have on the environment and people. More people are choosing organic foods these days and are willing to spend a little bit more for them, which is probably going to increase demand for organic fertilizers.
The Organic Fertilizer Market in the Asia Pacific held the highest share in 2021 and it is expected to grow at a significant rate in the coming years. China has the biggest market share of organic fertilizer in the Asia-Pacific region due to rising health consciousness and extensive organic farming areas. Also, rapid income & population growth, automation and irrigation facility expansion, and the presence of several organic producers are other factors fueling the market growth. The development of the organic fertilizers market in this region is also supported by favorable government policies and actions by other organizations for the promotion and extension of the organics industry.
Latin America
Europe
Asia Pacific
Middle East
North America
Fertilizers that have presence of organic substance more than 60% such as crab waste and poultry waste are the major area of development in the industry.
North America is estimated to grow at the fastest CAGR during the forecast period.