The Organic Fertilizers Market is expected to reach $15.9 billion by 2027, at a CAGR of 11.5% during the forecast period, 2020-2027.
Also, in terms of volume, the global organic fertilizers market is expected to grow at a CAGR of 6.6% from 2020 to 2027 to reach 33,829.2 KT by 2027. Increasing demand for organic food and rising awareness regarding environmental safety are the key factors driving the growth of the organic fertilizers market. Moreover, the abundant availability of organic waste and advances in organic fertilizer manufacturing processes further support the growth of this market. However, the high demand for inorganic (synthetic) fertilizers and challenges to new entrants and small companies hinder the growth of this market marginally.
Major Market Players Covered In This Report: Potash, ScottsMiracle-Gro, Sustane Natural Fertilizers, BioStar Organics, Talborne Organics, Mycsa Ag, Bodisen Biotech, Italpollina SpA, Protan AG, Priya Chemicals, Biomax.
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Organic Fertilizers Market has exhibited continuous growth in the recent past and is projected to grow even more throughout the forecast. The analysis presents an exhaustive assessment of the market and comprises Future trends, Current Growth Factors, attentive opinions, facts, historical information, in addition to statistically supported and trade validated market information.
The Global Organic Fertilizers Market Can Be Segmented As The key product type of Organic Fertilizers market are: Peat Based, Manure Based.
Organic Fertilizers Market Outlook by Applications: Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables.
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The Organic Fertilizers market comprising of well-established international vendors is giving heavy competition to new players in the market as they struggle with technological development, reliability and quality problems the analysis report examines the expansion, market size, key segments, trade share, application, and key drivers.
Key players within the Organic Fertilizers market are identified through secondary analysis, and their market shares are determined through primary and secondary analysis. The report encloses a basic summary of the trade lifecycle, definitions, classifications, applications, and trade chain structure. Each of these factors can facilitate leading players to perceive the scope of the Market, what unique characteristics it offers and the manner in which it will fulfill a customer’s need.
The effects of the COVID-19 outbreak on the organic fertilizers market have been noticed since early 2020 in China, one of the world’s largest producers and consumers of organic fertilizers. The closing of production plants in China and restrictions on the export and import of organic fertilizers and raw materials, particularly animal waste to and from China’s restricted areas, affected the supply chain. This scenario impacted the production, sales, and operations of this industry. The pandemic is also expected to adversely affect the organic fertilizers market in many countries globally, including the U.S., India, Australia, Brazil, and the EU-5 countries. In India, many fertilizer plants have shut down or are operating at reduced capacity under the countrywide lockdown leading to substantial losses in the domestic organic fertilizer production.
The fertilizers industry in Southeast Asia faces challenges because of the coronavirus pandemic, impacting the fertilizer distribution within and across markets in the Asia-Pacific region. Malaysia has imposed a lockdown, but the fertilizer production facilities have been given clearance to continue operations as they are considered essential in maintaining food supply. However, the lockdown has created_at logistic hurdles for suppliers in distributing fertilizer products within the country and across the border to Thailand, and this may be a major concern for distributors and farmers during the upcoming durian season. In Vietnam, fertilizer production units are operating at normal levels without any disruptions to the distribution chain for fertilizers. However, the market is becoming increasingly challenging, as distributors are unwilling to do business during the coronavirus crisis. In Thailand, the production and supply chain distribution of fertilizers and crop micronutrients remains unaffected despite various virus containment measures. However, the government’s willingness to facilitate work-from-home arrangements and business continuity plans may affect business operations, especially during the peak season starting in April 2020. Increasingly tight port restrictions In the Philippines may negatively impact the organic fertilizers market in the country.
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The report entails detailed profiling of each company, and information on capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments, are also included within the scope of the report. In the end, the Organic Fertilizers Market Report delivers a conclusion which includes Breakdown and Data Triangulation, Consumer Needs/Customer Preference Change, Research Findings, Market Size Estimation, Data Source. These factors are expected to augment the overall business growth.
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