Organic Fertilizer Market: Positive long-term growth outlook 2018-2025
Asia Pacific and North America are expected to be the most potential markets for organic fertilizers manufacturers. Asia Pacific is projected to witness relatively high growth in terms of value over the forecast period. Agricultural based economy such as India is expected to be a major contributor to the organic fertilizer market in the region. This trend is expected to be followed over the forecast period. According to IBEF, 58% of the population in India depends on agriculture and is expected to reach total revenue of US$ 1.11 trillion by the end of 2017. India Brand Equity Foundation (IBEF) is a Trust established by the Ministry of Commerce and Industry, Department of Commerce in collaboration with the Government of India with the purpose of promoting and creating international awareness of goods manufactured in India. According to the Department of Industrial Policy and Promotion (DIPP), the Indian agricultural machinery sectors and agricultural services have cumulatively involved Foreign Direct Investment (FDI) equity inflow of approximately US$ 2,315.33 million during April 2000 to December 2016.
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Environmental benefits have boosted the growth of organic fertilizer market, especially in Asia Pacific and Middle East regions. Mergers and acquisitions, developing innovative portfolio are some of the key strategies adopted by the top players in the global organic fertilizer market. In September 2016 Novozymes, acquired Organobalance GmbH which has strengthened the company’s place in microbial solutions. Some of the major companies operating in the global organic fertilizer industry include Lallemand, Maharashtra Bio Fertilizers India Pvt. Ltd., AgriLife, SKS Bio Products Pvt. Ltd., Novozymes, Krishak Bharti Cooperative Limited, Bio Green USA Inc., Sushila Bio Fertilizer Company Limited, National Fertilizer Limited, Nico Orgo Inc., Soil Technologies Corporation, and Biodiesen Biotech, Inc.
Cottonseed fertilizer consists of 3% P2O5, 7% nitrogen, and 2% K2O. Cottonseed fertilizer offers potash, nitrogen, phosphorus and other minor nutrients, eradicating runoff and endorsing vigorous growth of landscape plants, vegetables, and turf. Animal-based fertilizers include bone meal or bloOrganic Fertilizer Marketod meal, manure provides nitrogen to the soil. It is also beneficial for leafy plants and strong growth in the initial period of gardening.
Organic Fertilizer Market Taxonomy
On the basis of product type, the global market is classified into:Phosphate solubilizingNitrogen fixing
On the basis of source, the global market is classified into:Animal originMineral originPlant origin
On the basis of end use, the global market is classified into:Soil treatmentSeed treatment
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In foliar feeding with calcium, the calcium rich fertilizer is sprayed to the plants leaves. Calcium foliar spray offers necessary calcium to the plant, preventing short brown roots, leaf necrosis, weak stems fungal issues and stunted growth. Calcium spray also increases cell division in plants which is an important stage for sweet potatoes, tomatoes, and corn.
Major Players in the Global Organic fertilizers Market –
The major players operating in the global organic fertilizers market include Tata Chemicals Ltd, Midwestern BioAg, Purely Organic Products, LLC, BioSTAR Organics, Multiplex Group, Italpollina S.p.A, National Fertilizers Ltd., and Sustane Natural Fertilizer, Inc.
Key players are strategically investing in the organic fertilizers market, to enhance their production capacity through smart business strategies. For instance, in April 2017, the Multiplex Group established a new manufacturing unit at India to meet increasing demand for micronutrients, specialty fertilizers, soil conditioners, bio pesticides, and bio fertilizers.
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