Global Market Analysis Report of Chemicals and Materials Industry

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Showing posts with label Organic Fertilizers Market. Show all posts
Showing posts with label Organic Fertilizers Market. Show all posts

Tuesday, 10 November 2020

01:05

Why is Demand for Organic Fertilizers High in European Countries?

The area attributed for organic farming has witnessed significant growth in the past few years, owing to a number of factors. Several private and public players have made considerable investments in organic food supply chain. In addition to this, people are widely organic food products due to their perceived health benefits and the fact that their production includes low chemical leaching. The price for organic food is also high, since it majorly catering to high-end population in developed countries. 

 

Ascribed to these factors, the global organic fertilizers market is predicted to grow at a considerable pace in the years to come. Furthermore, according to the data by the Research Institute of Organic Agriculture, government initiatives and policies, equivalence agreements between countries for product benchmarking, certification, and labeling, and participatory guarantee systems are compelling landowners to move towards organic farming. This is further expected to drive the demand for organic fertilizers in the years to come. 


The organic fertilizers market is projected to reach $14,746.2 million by 2030, increasing from $4,512.1 million in 2019, progressing at a 14.1% CAGR during the forecast period (2020–2030). When source is taken into consideration, the market is divided into animal, plants, and others, between which, the animal division held the major share of the market in the past. The division is further projected to dominate the market during the forecast period, owing to the high preference for these fertilizers among users. 


Get the sample copy of the report at: https://www.psmarketresearch.com/market-analysis/organic-fertilizers-market-report/report-sample

 

The region is home to the largest tract of organic arable land around the world, owing to which organic cultivation is growing in the region in a number of countries, such as Italy, Spain, France, and Germany. Moreover, the high per capita income of people in the region is also creating high demand for organic food, in turn, driving the demand for organic fertilizers. Other than this, the demand for organic fertilizers is also projected to rise in Latin American and Africa countries in the coming years.

Thursday, 6 August 2020

06:18

How is Rising Demand for Organic Food Products Driving Organic Fertilizers Market?

As per a study conducted by P&S Intelligence, the global organic fertilizers market generated a revenue of $4,512.1 million by 2019, and is predicted to reach a value of $14,746.2 million by 2030, exhibiting a 14.1% CAGR during the forecast period (2020–2030). The market has been registering growth due to the increasing downstream requirement for organic food and beverages, rising acreage and number of organic farm lands, and favorable government initiatives and policies regarding organic farming.


On the basis of crop type, the organic fertilizers market is divided into fruits & vegetable, cereals & grains, and oilseeds & pulses. Out of these, the cereals and grains category contributed the largest revenue share of more than 60.0% to the market in 2019. A considerable amount of organic farm area, i.e. about 4.8 million hectares, was used for the production of grains and cereals in 2019. Furthermore, the non-toxic and environmentally sustainable attributes of organically farmed lands are leading to the growing demand for organic fertilizers for the production of grains and cereals. 


Get a sample copy of this report: https://www.psmarketresearch.com/market-analysis/organic-fertilizers-market-report/report-sample





Geographically, the European region dominated the organic fertilizers market during the historical period (2015–2019), which can be owing to the fact that the region has the largest tract of organic arable lands around the globe and has been registering a rise in the organic cultivation in various countries, such as Italy, Spain, France, and Germany. Furthermore, the high per capita expenditure, downstream retail requirement for organic products, introduction and ratification of policies and legislations, and the organized supply chain for various processes are driving the growth of the market in the region.



A major reason for the growth of the market is the rising number and acreage of organic farmlands across the globe. This is because of the growing investments by private and public players in the organic food supply chain and increasing requirement for organic food, owing to their health benefits. In addition to this, the emphasis on organic farming has been growing rapidly since the past few years, as government initiatives and policies and participatory guarantee systems are compelling farmers to opt for organic farming.