NorthAmerica Organic Fertilizers Market: Introduction
In terms ofvalue, the organicfertilizers market in North America is anticipated toexpand at a CAGR of ~7% from 2020 to 2030. Constantgrowth in the food & beverages industry in North America has augmented thedemand for organic food products in the region. Rise in awareness about organicfood products and their health benefits is a key factor driving the organicfood industry in the region. This, in turn, is boosting organic farmingactivities, thereby augmenting the consumption of organic fertilizers in NorthAmerica. North America has abundant availability of raw materials thatare used in the manufacture of organic fertilizers. These include plant waste,animal farming waste, processing industry waste, and resident sanitary waste.Production of organic fertilizers in North America is estimated to increasesignificantly during the forecast period owing to the large-scale supply oforganic wastes throughout the region.
Long Periods for End Results andHigh Overall Cost of Organic Fertilizers to Hamper Market
Organicfertilizers are slow release fertilizers. The time required to get the endresults with organic fertilizers is much longer than the time required withchemical fertilizers. Organic fertilizers cannot be employed in applicationsrequiring immediate results. These fertilizers sometimes carry the risk oftoxic overdose of chemicals. Organic fertilizers need to be broken downchemically to release nutrients in order to get absorbed by crops. Some organicfertilizers with fresh manure can even carry parasites that can harm the crops.Essential nutrients such as nitrogen, phosphorous, and potassium are present inunequal quantities in organic fertilizers. As a result, despite being cheaperin per unit cost than chemical fertilizers, the overall cost of using organicfertilizers proves to be costly, as more quantities of fertilizer are requiredto meet the specific nutrient requirement.
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The ongoingCOVID-19 pandemic has adversely impacted the economy of North America. Theepidemic that originated in China is spreading at an alarming pace in countriesin North America, especially the U.S. According to The National Association ofPrinting Ink Manufacturers (NAPIM), the COVID-19 pandemic has adverselyaffected the supply of raw materials used in the manufacture of organicfertilizers. Industrial shutdown in the U.S. has not only negatively impacted theproduction of organic fertilizers, but has also hampered the sales offertilizer products in the country. This is likely to hinder the demand fororganic fertilizers in North America in the next few years.
Nitrogen Fertilizers to DominateNorth America Organic Fertilizers Market
In terms ofproduct type, the organic fertilizers market in North America has been dividedinto nitrogen fertilizers, phosphate fertilizers, potassium fertilizers,ferrous fertilizers, zinc fertilizers, and others. In terms of revenue, thenitrogen fertilizers segment dominated the organic fertilizers market in NorthAmerica in 2019.The phosphate fertilizers segment also held key share of the organicfertilizers market in North America in 2019. Demand forphosphate fertilizers is expected to increase substantially in the region by 2030.
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Plant Segment to Offer LucrativeOpportunities
In terms ofsource, the organic fertilizers market in North America has been classifiedinto plant, animal, mineral, and others. The animal segment dominated theorganic fertilizers market in the region in terms of revenue in 2019. Theplant segment is expected to be highly lucrative from 2020 to 2030.Plant-based organic fertilizers are derived from various materials includingcottonseed meal, molasses, legume cover crops, green manure cover crops, kelpseaweed, alfalfa meal, and compost tea. Key nutrients available in plant-basedorganic fertilizers include nitrogen, phosphorous, potassium, trace minerals,and micronutrients. Plant-based fertilizers improve moisture retention insoils.
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Fruits & Vegetables to beDominant Crop Type
Based oncrop type, the organic fertilizers market in North America has been segregatedinto cereals & grains, oilseeds & pulses, fruits & vegetables,landscaping/gardens, and others. The fruits & vegetables segment held majorshare of the organic fertilizers market in North America in 2019.It is anticipated to continue its dominance in the market from 2020 to 2030.Organic fertilizers are widely used in the production of organic fruits andvegetables. Rise in demand for organic fruits and vegetables is driving thesegment.
U.S. to be Lucrative Country ofNorth America Organic Fertilizers Market
Based oncountry, the organic fertilizers market in North America has been bifurcatedinto the U.S. and Canada. The organic fertilizers market in the U.S. isprojected to expand at a CAGR of more than 7% during theforecast period. The demand for organic fertilizers in the U.S. is drivenby increase in demand for organic food in the country. The U.S. is focusing onoptimizing the efficiency of raw materials and energy. The usage of plant &animal based raw materials has been rising in the manufacture of organicfertilizers in the country. Moreover, the implementation of stringent regulationsrelated to the usage of synthetic fertilizers is also driving the organicfertilizers market in North America.
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Competition Landscape
The organicfertilizers market in North America was fragmented with the presence of smalland medium scale fertilizer manufacturers in 2019. TheU.S. has been a lucrative country of the organic fertilizers market in NorthAmerica since the last few years. Leading players have taken initiatives toexpand their presence through acquisitions, increase of production capacity,and strategic partnerships. In May 2019,Italpollina, a U.S.-based producer of organic fertilizers, acquiredHorticultural Alliance Inc.
In March2019, Fertoz, an organic phosphate development company,announced that it had completed the distribution agreement with FederatedCo-operatives Ltd (FCL). In 2017, ValenciaVentures Inc. signed an agreement to acquire EarthRenew, a Canada-based organicfertilizer company.
Keymanufacturers operating in the organic fertilizers market in North America are Fertoz, Ecoson, California Organic Fertilizers, Inc., Italpollina S.p.A.,True Organic Products, Inc., Sigma AgriScience, LLC, Soda Springs PhosphateInc., Suståne Natural Fertilizer, Inc., Midwestern BioAg Inc., and WestbridgeAgricultural Products.
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