Environmental benefits in animal and plant source segments are more than conventional fertilizers.
Albany, NY -- (SBWIRE) -- 11/06/2017 -- Global organic fertilizer demand was pegged at 17 million tonnes in 2016. In terms of value, the market was valued at US$ 5.57 billion. Persistence Market Research projects the market to grow at 7% CAGR through 2025 and reach US$ 10.23 billion.
Manufacturers in Europe are focusing on expanding their customer base in high-growth regions, including Latin America and North America.Manufacturers in Europe are focusing on expanding their customer base in high-growth regions, including Latin America and North America.
Non-profit organizations are playing a key role in promoting the use of organic fertilizers.
According to Persistence Market Research's analysis, demand for animal-based organic fertilizers is higher than plant-based variants. While 6.84 million tonnes of plant-origin organic fertilizers were sold in 2016, animal-origin organic fertilizer volume was pegged at 10.15 million tonnes.
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Use of organic fertilizers remains highest in the farming of cereals and crops. This application segment accounted for over 70% revenue share of the market in 2016. By volume, demand from cereals and crops was estimated at 12.53 million tonnes in 2016.
Historically, solid organic fertilizers have remained sought-after, and the trend is expected to remain unchanged during the forecast period 2017-2025. While solid organic fertilizers are projected to grow at 6.2% CAGR, liquid organic fertilizers' growth rate is estimated to be 5.1%.
Europe is the largest market for organic fertilizers, followed by Asia Pacific. While Europe will continue to be the largest market for organic fertilizers, it will lose 2.3% revenue share to APAC during the forecast period. North America, the third largest market for organic fertilizers, is expected to account for 21.8% revenue share of the market by 2025-end.
In its report, Persistence has profile key players in the organic fertilizers market, including Italpollina SpA, ILSA S.p.A, BioStar Renewables, Sustane Natural Fertilizer Inc., True Organic Products Inc., California Organic Fertilizers Inc., The Fertell Company, Purely Organics LLC, Pupuk Kaltim, and Qingdao Sonef Chemical Co., Ltd.
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