Positive Market Prospects for Organic Fertilizers

Organic fertilizers refer to the fertilizers which can be derived from a variety of natural sources including human waste, animal excreta, vegetable matter and animal matter. The various advantageous features associated with organic fertilizers such as abundant availability of naturally-occurring raw materials and lower risk of environmental damage are escalating the Global Organic Fertilizer Market at a steady pace. Furthermore, the increasing adoption of organic fertilizers can be attributed to their ability to reduce the risk of human diseases, unlike other chemical fertilizers. Consequently, shifting consumer preference for organic food is encouraging the adoption of organic farming practices worldwide, thereby influencing the demand for organic fertilizers.

Fruits & Vegetables: Largest Application in Global Organic Fertilizer Market

The application of organic fertilizers in the fruits and vegetables segment is reflecting a positive growth trend owing to the growing popularity of organic gardening and farming across the globe. The organic fertilizers are witnessing replacement of inorganic and chemical fertilizers as they act as natural soil conditioners and enhance soil productivity as well as bio-diversity, thereby resulting in high yield of fruits & vegetables. The population outburst in developing and developed nations is urging the demand for fruits & vegetables, wherein health-conscious population is surging the demand for organic fertilizers, worldwide.

Request for Sample Report Today! 

Rapid Developments in Organic Agriculture:

In addition to the stringent environmental regulations over the usage of chemical fertilizers, the rising consumer spending on organic food is driving the growth in bio-fertilizers market across the region. Apart from expanding organic farming sector, the high demand for biofertilizers across North American nations, such as US and Canada can be attributed to the technological advancements and achievements in the field of biotechnology and molecular biology.

Number of Certified Organic Farms in United States, As of 2016

Favorable Regulatory Framework: The increasing efforts by Government agencies and groups to reduce the consumption of non-biodegradable raw materials in agriculture and farming activities is increasing the penetration of organic fertilizers. Moreover, the legislative rules and regulations concerning human safety are further driving the growth in organic fertilizers market. For instance:

• Strong EU regulatory compliances to reduce the usage of toxic chemical fertilizers is boosting the European organic fertilizers market at a robust rate. The proactive implementation of policies such as 30% subsidy to farmers and Common Agricultural Policy are aimed at promotion of organic farming and adoption of sustainable agriculture practices such as application of organic fertilizers.
• The Government of India is launching schemes and plans to support organic farming through Paramparagat Krishi Vikas Yojana (PKVY) As per the progress under National Horticulture Mission (NHM), 4450 Lakh Hectares of land is under organic farming in 2016.

Adequate Raw Material Availability: The widely as well as cheaply available biological raw material such as plants waste (crop straw, weeds, lither, melon vine, etc.), livestock manure processing industry (chicken manure, swine manure etc.) human & animal sanitary waste (cow dung, urban & rural sewage, human excreta, etc.), food waste, etc.  are significantly driving the Global Organic Fertilizers Market.

Conclusion:

Global Organic Fertilizers market registered volume consumption of nearly 17 million tons, amounting to approximately USD5.57 billion in 2016. The global organic fertilizers market is projected to witness healthy growth at a CAGR of 7%, reaching more than USD10.23 billion through 2026. The changing perception of farmers and end users towards environment friendly farming methods is driving the demand for organic fertilizers worldwide. The various advantages offered at cheaper prices are escalating the consumption of organic fertilizers over chemical fertilizers globally. In addition to this, constructive government policies pertaining to subsidized prices, wastage reduction, limitations on usage of non-biodegradable raw materials are further influencing the global organic fertilizers market.