Organic Fertilizers Market: Growing Consumption of Organic Food Products

Organic Fertilizers Market: Growing Consumption of Organic Food Products

Organic fertilizers are produced from natural sources such as animal matter, manure, vegetable matter, and human excreta. It is a vital element that promotes the growth of micro-organisms present in the soil. The nutritional content of the organic fertilizer depends upon its composition. Organic fertilizers are easy to use and are also food safe compared to synthetic fertilizers. Synthetic fertilizers can cause harm to the environment as well as to the living creatures, due to which the companies have developed organic fertilizers to reduce the damage. The increase in organic farming is one of the important factors driving the growth of the organic fertilizers market.

The organic fertilizers market was valued at US$ 6,181.99 million in 2018 and is projected to reach US$ 15,168.62 million by 2027; it is expected to grow at a CAGR of 10.6% from 2019 to 2027.

The growing health awareness among consumers is driving the demand for organic products. As the consumers consider organic products as safe and healthy,?there has been a significant increase in the organic farming across the world, which, in turnis propelling the growth of the organic fertilizers market. Moreover, risingnumber of government initiatives and subsidies to reduce environmental pollution is encouraging the farmers to opt for organic farming. Evolving agricultural practices, new technologies, high investments in research & development, and increasing health-consciousness are among the important factors that are anticipated to boost the growth of the organic fertilizers market.

The?organic fertilizers market?in AsiaPacific is expected to grow at the highest CAGR during the forecast period. Moreover, Asia Pacific holds the significant share of the global organic fertilizers market due to the high use of organic fertilizer in regional agriculture. China and India are among the leading countries in terms of organic fertilizer usage. China dominated the Asia Pacific organic fertilizer market in 2018 and is projected to lead the market during 2019–2027.

Demand for organic food and and green foods is growing rapidly in this country, especially among the middle classe population, which is positively impacting in the market growth. According to the Chinese Report on Organic Agriculture Certification & Industry Development in 2019, Europe, Japan, and the US are the biggest markets for Chinese organic food exports. China ranked third in the certified organic area in 2017, after Australia and Argentina. Total organic sales in China ranked fourth globally, after the US, Germany, and France. All these factors are influencing the market for organic fertilizer in China.

AgroCare Canada, Inc; Biostar Renewables, LLC; Coromandel International Limited; Italpollina S.p.A; Midwestern BioAg; Perfect Blend, LLC; Sustane Natural Fertilizer, Inc; National Fertilizers Limited;Krishak Bharati Cooperative Limited; and The Scotts Miracle-Gro Company are among the well-established players in the global organic fertilizersmarket.

At present, people are making themselves aware of healthy ways of living. Smarter consumers prefer to eat healthily and spend on healthy foods rather than spending on medical treatments. Constant checks are made on certified organic products and the use of organic fertilizers to reduce the chances of diseases like cancer, brain damage, or infant abnormalities that can be??caused due to the use of chemical fertilizers. The crops and foods grown with the application of organic fertilizers are highly nutritious and are fresh and healthy to consume compared to conventional food. The organic crops also contain a high level of minerals, vitamins, and antioxidants.?

Read more at: https://www.theinsightpartners.com/reports/organic-fertilizers-Market

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