Lucintel Forecasts Organic Fertilizer Market to Reach$19.4 billion by 2030
Lucintel Forecasts Organic Fertilizer Market to Reach$19.4 billion by 2030
Blog Article
According to the recent study the Organic Fertilizer Market is projected to reach an estimated $19.4 billion by 2030 from $10.3 billion in 2023, at a CAGR of 9.5% from 2023 to 2028. Growth in this market is primarily driven by increasing consumption of organic food, favorable government regulations, and ease in availability of organic waste.
Browse 103 figures / charts and 108 tables in this 195 -page report to understand trends, opportunities and forecast in organic fertilizer market by source (plant, animal, and mineral), crop type (cereals and grains, oilseeds and pulses, fruits and vegetables, and others), form (dry and liquid), application (farming and gardening), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that organic fertilizers for cereals and grains will remain the largest segment over the forecast period due to increasing demand of organic grains across the globe.
Animal will remain the largest segment over the forecast period because of increasing usage of bone meal, blood meal, animal manure, and fish meal due to their growth nutrients, is a significant growth attribute for the market.
Europe will remain the largest market over the forecast period due to development in the field of organic farming and increasing demand for organic food products in the region.
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Major players of organic fertilizer market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Scotts Miracle-Gro, Tata Chemicals, Coromandel, National Fertilizers, Nature Safe, Hello Nature, KrishakBharati, Southern Petrochemical Industries, Perfect Blend, Midwestern BioAg, ILSA, SusGlobal Energy are among the major organic fertilizer providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972 636 5056
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