Key Growth Opportunities in the Organic Fertilizers Market

The organic fertilizers market is estimated to be valued at USD 6.30 billion in 2017 and is projected to reach USD 11.16 billion by 2022, at a CAGR of 12.08% during the forecast period. The organic fertilizers are synthetically produced and are based on the byproducts of crude oil refining and certain other mined and naturally-occurring minerals. These fertilizers replenish the soil and have a positive impact on crop quality and quantity. However, the utilization of synthetic fertilizers poses a risk in terms of contamination through leaching to groundwater and surface water bodies as well as the transfer of synthetic residues to the food chain. This can adversely impact human and animal health. To ensure optimum nutrition, the soil is replenished with additional fertilizers, which provides it with nitrogen, phosphorous, and potassium among other necessary nutrients.

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Significant growth expected in the animal segment

Animal-based organic fertilizers are a good source of nitrogen, phosphorous, and potassium along with of phosphorus and calcium that strengthens the root health development and flower growth. The awareness about the nutritional benefits of animal-based organic fertilizers has resulted in an increased usage of these fertilizers in the recent years.

Fruits & vegetables segment projected to be the fastest-growing market during the forecast period.

The well-developed infrastructure for cold chains and refrigerated transport facilities have increased the trade and demand for fruits & vegetables. As the demand for organic fruits & vegetables is increasing, growers need to produce more in the limited organic land area, owing to which the application of organic fertilizers in fruits & vegetables is increasing.

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Europe is estimated to be the largest region during the forecast period

Increase in consumer willingness to pay for the organic foods, increasing area under cultivation due to farmers’ preference towards organic cropping owing to favorable pricing of products, and growing agricultural land area under organic cultivation has boosted the organic fertilizers market in the region. Spain is the largest market for organic fertilizers in the region. Substantial growth is expected in Germany, France, and Italy due to the increasing health, safety, and environmental concerns. These factors are driving the organic fertilizers market in the region.

The key companies include Tata Chemicals Ltd (India), The Scotts Miracle-Gro Company (U.S.), Coromandel International Limited (India), National Fertilizers Limited (India), and Krishak Bharati Cooperative Limited (India). These are well-established and financially stable players that have been operating in the industry for several years. Other significant players include Midwestern BioAg (U.S.), Italpollina SpA (Italy), ILSA S.p.A (Italy), Perfect Blend, LLC (U.S.), and Sustane Natural Fertilizer, Inc. (U.S.).

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