Global Organic Fertilizer Market Share, Size, Trends, Growth and Forecast
The global organic fertilizer market stood at $ 5.9 billion in 2017, to reach around $ 10 billion by 2023, on the back of favorable government policies, rapidly expanding agricultural land under organic farming, and increasing sales of organic food products.
Moreover, deteriorating soil fertility due to the use of synthetic pesticides, growing awareness among consumers regarding the benefits of organic fertilizers over chemical fertilizers, and increasing awareness among farmers and cultivators towards eco-friendly fertilizers are some of the other factors that would steer demand for organic fertilizers across the globe in the coming years.
Years Considered for this Report:
Historical Years: 2013 – 2016
Base Year: 2017
Estimated Year: 2018
Forecast Period: 2019 – 2023
The objective of the Study:
- The primary objective of the study was to evaluate and forecast the organic fertilizer market across the globe.
- To define, classify and forecast the global organic fertilizer market by source, crop type, and form.
- To scrutinize the detailed market segmentation and forecast the market size, in terms of value, on the basis of the region by segmenting the global organic fertilizer market into five regions, namely, North America, Europe, Asia-Pacific, Middle East & Africa, and South America.
- To identify major drivers, challenges, and trends for the global organic fertilizer market.
- To strategically profile the leading players operating in the global organic fertilizer market.
Some of the major players operating in the global organic fertilizer market are The Scotts Miracle-Gro Company, Italpollina S.p.a, Coromandel International Limited, BioStar Systems, LLC, Midwestern BioAg, Inc., California Organic Fertilizers, Inc., Krishak Bharati Cooperative Ltd (KRIBHCO), National Fertilizers Limited, Fertikal N.V., and Sustane Natural Fertilizer, Inc., among others.
To extract the data for the global organic fertilizer market, primary research surveys were conducted with organic fertilizer suppliers, distributors, wholesalers, and end users.
Moreover, TechSci Research has analyzed various end users to forecast the organic fertilizer market across the globe. Taking into consideration the emerging trends in the organic farming market and the increasing acceptance of organic food among consumers, our team of analysts has estimated a positive future for the global organic fertilizers market.
TechSci Research calculated the size of the global organic fertilizer market using a bottom-up approach, wherein manufacturers’ value sales data for standard applications were recorded and forecasted for the future years.
TechSci Research sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources, Food & Agriculture Organization, International Fertilizer Association, company annual reports, white papers, investor presentations, and financial reports were also studied by TechSci Research.
Key Target Audience:
- Organic fertilizer manufacturers, distributors, and other stakeholders
- Major end users of organic fertilizer products
- Government bodies such as regulating authorities and policymakers
- Trade associations, organizations, forums, and alliances related to the organic fertilizer market
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as organic fertilizer manufacturers, customers, and policymakers. The report provides vital insights about which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth opportunities.
