Organic Fertilizer Sales Predicted to Boom Globally in Future


Posted November 20, 2020 by ManishBaghel

The organic fertilizers market is predicted to exhibit the highest growth rate in the Rest of World (RoW) region in the forthcoming years.
 
The proliferation of large retail markets of organic foods and beverages in Europe and North America is the biggest factor driving the demand for organic fertilizers across the world. According to the findings of the International Federation of Organic Agriculture Movement (IFOAM), the sales of organic products were concentrated in Europe and North America for a short period of time in 2019. The demand for these items was significantly high in countries such as Germany, France, and the U.S.

This was because of the high per capita income of the people living in these countries. Furthermore, as per the estimates of the organization, the sales of these products would rise sharply in the coming years, thereby creating lucrative growth opportunities for the companies operating in the organic fertilizers industry. The increasing acreage and number of organic farmlands is another major factor positively impacting the sales of organic fertilizers around the world.

The ballooning sales of these products are propelling the expansion of the global organic fertilizers market. As a result, the market is predicted to witness a surge in its valuation from $4,512.1 million to $14,746.2 million from 2019 to 2030. Furthermore, the market is predicted to advance at a CAGR of 14.1% between 2020 and 2030. Animals and plants are the major sources of organic fertilizers. Between these, the demand for animal-based fertilizers was higher in the years gone by.

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This was because the fertilizers produced from fish waste and animal bones are very high in nutritional value and thus, promote healthy crop growth. Additionally, farmers in several countries had high awareness about the various nutritional benefits of these fertilizers, which, in turn, contributed toward their high sales in the past. Depending on form, the organic fertilizers market is divided into solid and liquid categories. Of these, the solid category is currently registering higher growth in the market.

This is due to the various beneficial traits of the solid organic fertilizers, such as their ability to hold nutritional content for a longer time period than the liquid variants. Because of this reason, farmers buy these fertilizers in large quantities and stock them for longer time periods. Globally, the organic fertilizers market is predicted to exhibit the highest growth rate in the Rest of World (RoW) region in the forthcoming years.
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Issued By Manish Kumar
Business Address Noida
Country India
Categories Agriculture , Business , Research
Tags organic fertilizer , organic fertilizer market , organic fertilizer market demand , organic fertilizer market future , organic fertilizer market growth , organic fertilizer market scope , organic fertilizer market share , organic fertilizer market size
Last Updated November 20, 2020