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Why is Demand for Organic Fertilizers Growing due to Rising Preference for Organic Products?

2020-07-07 17:51:13 | Organic Fertilizers Market


These days the emphasis on organic products has increased considerably, owing to their apparent benefits on health. This is not just true for cosmetic product but crops as well, since farmers are increasingly being encouraged to opt for organic agricultural practices. According to the Research Institute of Organic Agriculture, government initiatives and policies, equivalent agreements between nations for product certification, labelling, and benchmarking, and participatory guarantee systems are the major factors which are leading to the growing adoption of organic agricultural practices among farmers across the globe. This, in turn, is leading to the increasing adoption of organic fertilizers.


As per a report by P&S Intelligence, the global organic fertilizers market is expected to attain a revenue of $14,746.2 million by 2030, rising from 4,512.1 million in 2019, and is predicted to advance at a 14.1% CAGR during the forecast period (2020–2030). Organic fertilizers are made up of mined rock minerals and natural animal and plant materials. Although inorganic fertilizers have some organic ingredients, they act swiftly in order to feed the plant without ensuring the enrichment of the soil. This may lead to the buildup of toxic salts in the soil in case over application.


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



It is due to such factors that the demand for organic fertilizers is growing across the globe. Organic fertilizers are being utilized for a number of crop types, including fruits & vegetable, cereals & grains, and oilseeds & pulses. Out of all these, the largest demand for organic fertilizers was created for the production of cereals & grains in the past. In 2019, nearly 4.8 million hectares worth of farm area was employed for producing cereals and grains. According to the data released by various private and government sources, a considerable portion of land was utilized for the production rice, wheat, barley, and oats, owing to the increased downstream requirement for these products.


Other than this, the demand for organic fertilizers is also projected to increase considerably in Latin America (LATAM) and African countries as well, thereby leading to the growth of the organic fertilizers market in the years to come. The demand for these products in Latin America is increasing for the production of coffee, sugarcane, quinoa, bananas, and cocoa. In the African region, organic fertilizers are being utilized for the production of olives, cocoa, nuts, crops, textiles, coffee, and oilseeds.

Hence, the demand for organic fertilizers is growing due to the increasing preference towards organic products.


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