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Organic Agriculture Is Fastest Growing Segment Fueling The Growth Of Organic Fertilizer Market

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Lucy Kart
 Organic Agriculture Is Fastest Growing Segment Fueling The Growth Of Organic Fertilizer Market

Organic fertilizers are organic materials derived from plant or animal residues rich in organic matter and plant nutrients. The increasing popularity of organic produce and demand for healthier and sustainable food options is resulting in rising demand for organic fertilizers which help improve soil health and fertility without any harmful environmental or health impacts.

The global Organic Fertilizer Market is estimated to be valued at US$ 12.64 Bn in 2023 and is expected to exhibit a CAGR of 5.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the key trends driving growth in the organic fertilizer market is the increasing awareness about environmental sustainability and consequences of long term use of chemical fertilizers. Organic fertilizers help improve soil structure and texture while replenishing depleted nutrients in soil. Their usage results in higher water holding capacity of soil and reduced soil erosion. This drives greater adoption of organic farming practices and increased consumption of organic fertilizers globally.

Segment Analysis

The global organic fertilizer market is segmented into plant type, form, and region. Based on plant type, the market is classified into cereals & grains, oilseeds & pulses, fruits & vegetables, and others. The fruits and vegetables segment dominated the market in 2022 and accounted for over 35% of the global market share. The high demand for organic fruits and vegetables from health-conscious consumers is the key factor driving the growth of this segment.

Key Takeaways

Global Organic Fertilizer Market Size is expected to witness high growth, exhibiting CAGR of 5.7% over the forecast period, due to increasing health concerns among consumers regarding the usage of chemical fertilizers.

Regional analysis:

North America dominated the global organic fertilizer market in 2022 and accounted for over 30% share of the global market. The rising consumer preference for organic and chemical-residue free food products along with strict regulatory policies regarding the usage of chemical fertilizers in countries like the US and Canada is fueling the demand for organic fertilizers in the region. Asia Pacific is expected to witness the fastest growth during the forecast period owing to the increasing government support for organic farming and growing health awareness among consumers in countries like India and China.

Key players:

Key players operating in the organic fertilizer market are Scotts Miracle-Gro Company, National Fertilizers Ltd., and Fertikal N.V. Scotts Miracle-Gro Company is one of the leading players in the market and offers a wide range of organic fertilizers for lawns and gardens. National Fertilizers Ltd specializes in the production of neem coated urea and other organic fertilizers. Fertikal N.V. produces and sells premium organic nutrients for fruits and vegetables.


Get More Insights on this Topic https://www.marketwebjournal.com/organic-fertilizer-market-growth-analysis-and-value/

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