Global Organic Fertilizers Market to Reach US$ 10.23 Billion by 2025
Belgium will continue to be the largest exporter of organic fertilizers, with total
exports totalling 1.15 million tonnes in 2015. Netherlands and the U.S. will be the
other two key exporters. In terms of imports, France continues to be the largest
market globally.
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.
While Persistence Market Research maintains a positive outlook on the global
organic fertilizer market, premium prices for organic fertilizers are a key impediment
to adoption.
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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.
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%.
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Europe & Asia Pacific Collectively Account for over 60% Revenue Share
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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