The global organic fertilizers market growth & size was valued at $9.6 billion in 2022, and is predicted to reach $17.5 billion by 2032, rising at a CAGR of 6.1% from 2023 to 2032. The global organic fertilizer market is estimated to witness growth in the coming years due to an increasing demand for environmentally friendly agricultural products. Farmers are increasingly looking beneficial, natural, and credible options for their agricultural commodities. In addition, the rising environmental concerns connected to carbon footprints, sustainability, and emission intensities are contributing positively to the market expansion of organic fertilizers.
The utilization of organic fertilizers has witnessed a substantial increase in present years, propelled by a growing awareness of the adverse environmental and human health impacts linked with chemical fertilizers. The increasing preference for organic food among customers has led to a heightened demand for organic agricultural practices. This shift in customer preferences is propelling the development of the organic fertilizer market. Regions such as Europe, where organic farming is highly valued, are witnessing a noteworthy global demand for organic fertilizers. Given Europe’s substantial dependency on the agricultural sector, there has been a significant increase in the demand for fertilizers, thereby boosting the organic fertilizer market demand.
The increasing demand for organic products around the globe has propelled the widespread adoption of organic farming practices. Consequently, there has been a significant development in the market for biological organic fertilizers. This growth is a direct comeback to the present growth in interest in recovering agriculture, soil health, and organic farming. Natural organic fertilizers, which comprise precise levels of microorganisms such as nitrogen-fixing bacteria, have attained importance. Similarly, organic fertilizers, derived from plants and animals including livestock manure and crop residues are well-suited for organic farming practices.
In 2020, the Research Institute of Organic Agriculture stated that 4.1% increase in the global area dedicated to organic farming. This growth is imitated in both developed and emerging nations, as shown by regional statistics. For instance, the government of India stated that approximately doubled the area under the organic farming certification process during the period of 2021-2022, presenting a delicate commitment to and acceptance of organic farming exercises. The full production around India during this period amounted to 20,540.63 metric tons. This organic fertilizer market trend specifies a move towards increased organic cultivation and a growing preference for high-quality crops. Consequently, farmers are anticipated to opt for biological organic fertilizers over unnecessary synthetic alternatives to meet the growing requirement for quality produce, thereby propelling the market forward.
However, climate change, characterized by growing temperatures and increasing sea levels, has a substantial impact on agriculture. The elevated temperatures alter the growth patterns of crops and significantly decrease crop yields. In addition, growing sea levels contribute to the intrusion of saline water into inland locations, rendering the soil unsuitable for different crops including palm oil, peanuts, sweet potatoes, rice, and melons. This saltwater intrusion leads to a drastic decline in crop output. In response to the challenges posed by climate change and the imperative for higher agricultural yields, farmers are significantly turning to synthetic fertilizers. Synthetic fertilizers deliver a rapid infusion of nutrients to crops, offering a practical solution in regions where traditional farming practices are being adversely affected by the impacts of climate change.
Governments are actively advocating for sustainable agriculture and implementing policies focused on boosting domestic manufacturing capacities for organic fertilizers. These regulatory measures are designed to develop domestic production, decrease dependency on imports, and assist small businesses. In the forecast period, the synergistic impact of different factors such as environmental considerations, growing demand, government initiatives, and endeavors to develop domestic production capacity is predicted to generate lucrative opportunities for the global organic fertilizer market.
The fastest development in the organic fertilizers market is predicted in the forecast period, with the Asia-Pacific region predicted to maintain its dominance in the recent past years. Asia Pacific stands out as one of the largest and most significant markets for fertilizers around the globe. The agricultural sector in this region plays an important role in ensuring food security for its increasing population and contributing to the global food supply. For the growth of the Asia-Pacific Fertilizer Market driving factors include the growing need for food owing to population growth, developments in farming methods, and government initiatives focused on fostering agricultural output.
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