市场调查报告书
商品编码
1536777
有机肥料市场评估:各产品,不同形态,各作物类型,各终端用户,各流通管道,各地区,机会,预测,2017年~2031年Organic fertilizers Market Assessment, By Product, By Form, By Crop Type, By End-user, By Distribution Channel, By Region, Opportunities and Forecast, 2017-2031F |
全球有机肥市场规模预计将从 2023 年的 93.1 亿美元成长到 2031 年的 166.3 亿美元,2024-2031 年的复合年增长率为 7.53%。
有机肥料为土壤带来的长期效益(例如改善土壤健康、永续土壤管理和长期农业生产力)等因素正在推动全球有机肥料市场的成长。此外,技术进步和创新,例如允许有效和方便施用有机肥料的改进配方、生物肥料和堆肥肥料的引入,正在根据作物需求和气候条件而变化,它们为作物和土壤提供特定的养分。其对消费者极具吸引力。
由于化学肥料对环境造成的负面影响,例如水污染、土壤退化和温室气体排放,对有机肥料的需求不断增加。有机肥料对土壤有正面影响,包括改善土壤健康和生物多样性。这些肥料有助于减少碳足迹,并与全球缓解不利气候条件的努力保持一致。
农民有机农业的快速成长以及消费者对日常消费有机蔬菜和水果的偏好正在推动对有机肥料的需求。政府透过使用有机肥料资助有机食品的生产。此外,各地有机认证标准的要求正在推动有机认证农场使用有机肥料。
消费者对具有成本效益的有机肥料表现出偏爱,这些肥料可以有效提高土壤肥力,减少对增加作物产量的额外投入的需求,提供优质且经济的产品。 。
本报告提供全球有机肥料市场相关调查,提供市场概要,以及各产品,不同形态,各作物类型,各终端用户,各流通管道,各地区趋势,及加入此市场的主要企业简介等资讯。
Global organic fertilizers market is projected to witness a CAGR of 7.53% during the forecast period 2024-2031, growing from USD 9.31 billion in 2023 to USD 16.63 billion in 2031.
The factors such as improved soil health and long-term benefits of organic fertilizers on soil, such as sustainable soil management and long-term agricultural productivity, are driving market growth of organic fertilizers globally. Moreover, the advancement in technology and innovations such as improved formulations which enables an effective and convenient application of organic fertilizers, introduction of bio-fertilizers and compost-based fertilizers that offer specific nutrients to different crops and soil types, depending upon their requirement and weather conditions, is appealing to the consumers greatly.
Organic fertilizers are witnessing an increase in demand due to the adverse environmental impact of chemical fertilizers such as water contamination, soil degradation, and greenhouse gas emissions which has gained popularity due to increasing trend of sustainable farming practices. Organic fertilizers have positive impact on soil such as improvement of soil health and biodiversity. These fertilizers help in the reduction of carbon footprints, aligning the global efforts to mitigate the adverse climatic conditions.
The surging trend of organic farming among farmers and the preference of consumers for organic fruits and vegetables for their daily consumption is fostering the demand for organic fertilizers. The government is funding the production of organic foods through the use of organic fertilizers. Moreover, the requisition of organic certification standards in various regions is promoting the usage of organic fertilizers in certified organic farms. For instance, as per the USDA report in November 2023, the total organic-certified land in the United States has grown to 4.89 million acres in 2021. Moreover, the authorized federal funds to support organic research through USDA projects have increased in the last two decades. A mandatory spending authorization for the Organic Agriculture Research and Extension Initiative has grown from USD 3 million in 2002 to USD 50 million in 2023.
Consumers are showing a preference for cost-effective organic fertilizers which efficiently improves soil fertility and reduces the requirement of additional inputs to enhance the crop yield, fostering the growth of premium and economic organic fertilizers globally.
Mergers and Acquisitions to Drive Market Growth
Mergers and Acquisitions are driving the growth of the organic fertilizers market as these activities can help in attaining economies of scale, lowering production costs, and increasing efficiency. Firms would be able to accumulate more resources that would help them enjoy higher production capacity and strengthen their bargaining power with suppliers and distributors to obtain better prices.
Acquisition or merger with other firms provides an opportunity for manufacturing companies to diversify the product lines offered. Diversification in products helps the companies serve their customer needs and preferences better and provides better reach and competitiveness in the market.
Innovation and research and development are fostered by combined resources from mergers and acquisitions. Companies can thus come up with more advanced and effective organic fertilizer products that keep them ahead in the competitive market. It provides entry into new geographic markets. Manufacturers can expand their global footprint through new customers by the acquisitions or partnerships with companies that have established distribution networks in various regions. As local companies have better insights into regional regulations and market dynamics, collaborations with them can provide global players with local expertise.
The increasing demand for sustainable and organic farming is pushing companies to increase their production. Mergers and acquisitions help manufacturers ramp up their capacity to handle the ever-increasing demand. For instance, in May 2024, Fresh Del Monte Produce Inc. announced their partnership with Vellsam Materias Bioactivas to produce biofertilizers from Fruit residues, launching innovative plant in Kenya. The partnership utilizes Fresh Del Monte's pineapple residue in the form of biofertilizers to promote the plant growth.
Increase in Demand for Organic Produce to Act as a Catalyst
Organic fertilizers are witnessing an expansion in demand due to the preference for organic produce among health-conscious consumers. The surging trend of health awareness, cause people to be highly conscious of the benefits accruable from the intake of organically grown produce, which is free of synthetic pesticides and fertilizers, fueling the growth of market. Consumers are now more aware of their health and sustainability of the environment, preferring more organically grown fruits and vegetables.
To attain a high quality of products, organic farming greatly depends on the usage of organic fertilizers. Organic fertilizers such as compost, manure, and bone meal enrich important nutrients in the soil that improves the soil structure, thereby providing healthier plant growth, catering to consumers' changing preferences.
Besides, organically grown fruits and vegetables command a premium price, thereby creating a market that is encouraging conventional farmers to shift towards organic farming. Health conscious consumers are willing to pay a higher price for safer and healthier organic produce. The demand for higher application of organic fertilizers, replacing the chemical inputs, fuel market growth. The United States, Germany, and France are the largest organic product consumers. In terms of per capita consumption, top three organic product consumers are Denmark, Sweden, and Switzerland.
Dry Fertilizers to Dominate Market Share
Dry organic fertilizers are dominating the market share due to several significant reasons. These fertilizers are more likely to satiate long-term crop nutrient requirements than liquid fertilizers. Since, dry fertilizers have slow-release ability, therefore farmers do not need to apply them as often as liquid fertilizers, which helps in saving time and labor costs. Dry fertilizers are convenient for production, storage, and transportation. They are less bulky and more concentrated than liquid fertilizers. Hence, they reduce logistic costs.
Moreover, dry organic fertilizers have a more prolonged shelf life compared to liquid fertilizers that perish or separate over time.
Furthermore, they are easier to store and handle, having fewer problems with storage arrangements and less risk of leaking or contamination. Usually, dry organic fertilizers contribute to the improvement in soil structure and raise the organic matter content. This improves the water-holding capacity, aeration, and microbiological activity in the soil for healthier builds of crops.
In January 2022, Sri Lanka's first cocopeat consignment destined to Kenya. The Sri Lankan coco peat manufacturers utilize a unique preparation method to cater the Kenyan users offering a high-quality dry organic fertilizer.
North America to be the Fastest Growing Region
North America is exhibiting a rapid growth pace in the global organic fertilizers market. This growth is catalyzed by consumers preference for organic produce in the region which is supported by the increasing health consciousness and environmental awareness among the consumers. Moreover, the governmental policies and initiatives promote sustainable agriculture which encourages the farmers to switch to organic farm methods such as the usage of organic fertilizers.
The development of advanced and innovative organic fertilizers such as bio-fertilizers and microbial inoculants is enhancing nutrient efficiency and crop yield to attract more farmers to organic farming. Recently, in February 2024, SureSource Agronomy, a Canada-based company launched organic fertilizers which are derived from exoskeletons, excrement, and discarded feed materials of crickets. The insects have been raised in a facility in London and their byproduct is called frass. The company handed out samples of frass product, an organic fertilizer from the company's trade show booth at the Guelph Organic Conference in January 2024.
The ongoing research in the region for organic farming practices and aim to improve the soil health is expected to boost agricultural productivity, leading to the development of more customized and effective organic fertilizers.
Future Market Scenario (2024 - 2031F)
Organic fertilizers have been on the rise due to consumers' rising preference for organic foods, thus, an expansion in the demand is expected to be witnessed in the forecast period. The rise in demand is anticipated due to promotion of sustainable farming by the government in various regions globally. Governments in different countries across the globe are taking initiatives to promote farming and agriculture to expand demand for organic fertilizers in the forecast period. The regulatory framework of the government in different regions is enhancing the utilization of organic fertilizers and sustainable agriculture and restricting the usage of synthetic and chemical-based fertilizers.
Key Players Landscape and Outlook
The global organic fertilizers market is witnessing expansion due to the involvement of key players in the market to gain a competitive edge and attract new and existing consumer base. These developments include the launch of the latest products, expansion of productive capacities, and collaborative partnerships. The key players are seeking the help of acquisitions with the players in different regions to expand their business globally. For instance, in December 2023, Yara International ASA announced the acquisition of the organic-based fertilizer business of Agribios Italiana supporting its organic strategy in Europe. The aim of this acquisition was to combine the expertise of Agribios in high-quality organic-based fertilizers in Italy with Yara's scale and reach in Europe.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.