Monday, 22 July 2019 09:08 GMT
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ORGANIC FERTILIZERS MARKET SHARE, TREND, OPPORTUNITY AND FORECAST




(MENAFN - America News Hour) Organic Fertilizers Market Overview
Organic fertilizers are made from vegetable matter, animal
manure, human manure and animal matter. Organic fertilizers enrich the soil,
plants and it also benefits the insects. These fertilizers are sustainable,
perishable and environment friendly. Farmers are adopting organic fertilizers
due to their low cost and healthy long lasting impact on soil. Apart from
acting as a fertilizer to the plants, organic fertilizer also conditions the
soil. 
Market Size & Forecast
Global organic fertilizers market is expected to flourish at
a CAGR of 6.9% during the forecast period. Further, the global organic
fertilizers market is anticipated to reach at a valuation of USD 6.3 Billion by
the end of 2024 from USD 3.1 Billion in 2016. Rising awareness about the long
term benefit of organic farming and increasing adoption of eco-friendly
products is anticipated to drive the growth of the global organic fertilizers
market.
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In the regional platform, Europe captured the largest share
in overall global organic fertilizer market in 2016. This can be attributed to
the rising consumer willingness to pay for organic fertilizers. Further,
presence of stringent government regulations limiting the use of chemical
fertilizers is anticipated to fuel the demand for organic fertilizers in the
European region.
Asia Pacific market of organic fertilizers is estimated to be
the fastest growing market across the globe due to high availability of raw
materials. Further, favorable government subsidy policies are envisioned to
bolster the growth of organic fertilizers market in Asia Pacific region.
On the basis of product type, global organic fertilizers are
segmented into peat based, manure based and others. Manure based organic
fertilizers dominated the overall organic fertilizers market in 2016 and is
expected to continue its dominance during the forecast period. High
availability of livestock manure is expected to be the key factor behind the
growth of manure based organic fertilizers market across the globe. 
Market Segmentation
Our in-depth analysis segmented the global organic
fertilizers market in the following segments:
By Source
Plant
Animal
By Product Type
Peat Based
Manure Based
Others
By Application
Cereals & Grains
Oilseeds & Pulses
Fruits & Vegetables
Others
By Region
Global organic fertilizers market is further classified on
the basis of region as follows:
North America (United States, Canada), Market size, Y-O-Y
growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast
& Opportunity Analysis
Latin America (Brazil, Mexico, Argentina, Rest of LATAM),
Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX
(Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland),
Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast
& Opportunity Analysis
Asia-Pacific (China, India, Japan, South Korea, Malaysia,
Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific),
Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE,
Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East
and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity
Analysis
Growth Drivers and Challenges
Organic food industry has witnessed augmented demand for
organic foods among consumers in recent years. This can be attributed to
various benefits of organic farming such as safety from pesticides and
chemicals. This rising demand for organic foods is fostering the growth of
global organic fertilizers market.
Rise in demand and adoption of environment friendly
agricultural products is expected to drive the global organic fertilizers
market. Apart from this, rapid development of new organic fertilizer producing
high yield crops is also envisioned to bolster the growth of global organic
fertilizers market. Further, increasing farm area under organic cultivation is
expected to garner the growth of global organic fertilizers market. Moreover,
government is encouraging the adoption of organic fertilizers in various
nations. Apart from this, government has launched incentive and reimbursement
programs. This factor is expected to positively impact the growth of the global
organic fertilizers market.
In contrast, lack of awareness about the benefits of organic
fertilizers among farmers is expected to hamper the growth of global organic
fertilizers market during the forecast period. Moreover, high adoption rate of
chemical fertilizers over organic fertilizers is restraining the development of
global organic fertilizers market. 

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Key players
Italpollina SpA
Company Overview
Key Product Offerings
Business Strategy
SWOT Analysis
Financials
Fertikal N.V.
Multiplex Group
Gujarat Bio Organics Pvt. Ltd.
Walt's Organic Fertilizer
BioSTAR Organics
California Organic Fertilizers
Madras Fertilizers Limited
ScottsMiracle-Gro

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Eli

Eli is a freelance writer and possess double graduation degree in physics and chemistry. She is an intense writer covering everything for Science and Tech to Business, Entertainment, Sports and Lifestyle.

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ORGANIC FERTILIZERS MARKET SHARE, TREND, OPPORTUNITY AND FORECAST

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