Organic Fertilizers Market to Reach USD 17.5 Billion by 2032: MRFR

The global organic fertilizers market was valued at USD 8.2 billion in 2022 and is projected to reach USD 17.5 billion by 2032, growing at a CAGR of 9.6% from 2022 to 2032, according to a report by Market Research Future (MRFR).

Factors Driving the Growth of the Organic Fertilizers Market

The key factors driving the growth of the organic fertilizers market include:

• Increasing demand for sustainable agriculture
• Growing awareness of the environmental benefits of organic fertilizers
• Rising disposable incomes
• Government initiatives to promote organic farming
• Stringent regulations on the use of synthetic fertilizers

Composts to Hold the Largest Share of the Organic Fertilizers Market

Composts are expected to hold the largest share of the organic fertilizers market during the forecast period, accounting for over 40% of the market. This is due to the wide availability of composts and their relatively low cost compared to other organic fertilizers.

Asia Pacific to Emerge as the Largest Market for Organic Fertilizers

The Asia Pacific region is expected to emerge as the largest market for organic fertilizers market share during the forecast period, owing to the region's large and growing population, rising disposable incomes, and increasing awareness of the environmental benefits of organic fertilizers.

Major Players in the Organic Fertilizers Market

Some of the major players in the organic fertilizers market include:

• Agrium Inc.
• CF Industries Holdings, Inc.
• COMPO GmbH & Co. KG
• Eurofins Scientific SE
• Gujarat Narmada Fertilizers & Chemicals Limited
• ICL Specialty Fertilizers Ltd.
• Jinko Group Limited
• OMRI, Inc.
• Scotts Miracle-Gro Company
• SGL Carbon SE

Conclusion

The organic fertilizers market is expected to witness significant growth in the coming years, driven by increasing demand for sustainable agriculture, growing awareness of the environmental benefits of organic fertilizers, rising disposable incomes, government initiatives to promote organic farming, and stringent regulations on the use of synthetic fertilizers. The Asia Pacific region is expected to be the largest market for organic fertilizers, owing to the region's large and growing population, rising disposable incomes, and increasing awareness of the environmental benefits of organic fertilizers.

Key Takeaways

• The global organic fertilizers market was valued at USD 8.2 billion in 2022.
• The market is projected to reach USD 17.5 billion by 2032, growing at a CAGR of 9.6% from 2022 to 2032.
• Composts are expected to hold the largest share of the market, accounting for over 40% of the market.
• Asia Pacific is expected to emerge as the largest market for organic fertilizers during the forecast period.

Recommendations

• Organic fertilizer manufacturers should focus on developing innovative products that are effective, sustainable, and meet the needs of different crops.
• Governments should invest in research and development of sustainable organic fertilizer production technologies.
• Farmers should adopt best practices for organic fertilizer application to optimize nutrient utilization and minimize environmental impact.

Overall, the organic fertilizers market is poised for significant growth in the coming years, driven by favorable market dynamics and increasing demand for sustainable agriculture.

Read More :  https://www.marketresearchfuture.com/reports/organic-fertilizers-market-4076