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At CAGR of 9.1% Organic Fertilizers Market Size will surpass USD 4,606.7 million by 2023

(Publishing-NewsWire.com, August 11, 2019 ) The global organic fertilizers market is expected to grow at a CAGR of 9.1% from 2018 to reach USD 4,606.7 million by 2023. The growth of this market will be driven by factors such as rising demand for organic food and increasing awareness about the environmental safety with the use of organic fertilizers. Moreover, huge organic waste availability and advances in organic fertilizers manufacturing process further supports the growth of this market. However, high demand for inorganic (synthetic) fertilizers and challenges to new entrants and small companies hinders the growth of this market to some extent.



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The global organic fertilizers market study presents historical market data in terms of values (2016 and 2017), estimated current data (2018), and forecasts for 2023-by source (animal, plant, mineral), form (dry, liquid), application (broadcasting, fertigation, foliar application), and crop type (cereals and grains, fruits and vegetables). The study also evaluates industry competitors and analyzes the market at a regional and country level.



This research report analyzes major geographies and provides comprehensive analysis of North America (U.S., Canada, and Mexico), Europe (Spain, Italy, France, Germany, and RoE), Asia-Pacific (Australia, China, India, Japan, and RoAPAC), Latin America (Argentina, Uruguay, Brazil, and RoLATAM), and Middle East & Africa. Asia Pacific commanded the largest share of the global organic fertilizers market in 2017, followed by Europe and Latin America.



Owing to factors such as high nutrition value, quick action and response, low quantity requirement, and easy and huge availability of animal waste, animal-based organic fertilizers market commanded the largest share of the global organic fertilizers market in 2017; this market is also expected to grow at a fastest CAGR during the forecast period. However, dry organic fertilizers market dominated the global organic fertilizers market in 2017, supported by their higher adoption in the lawn and gardens, long-lasting effects, high efficiency in all climatic condition, and huge and easy availability of the raw materials.



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Animal-based organic fertilizers continue to remain the largest product category



The animal based organic fertilizers market is expected to see the largest gains in demand through 2023 in the global organic fertilizers market. The growth in the sales of animal based organic fertilizers will be mainly supported by its high nutrition value, quick action and response, low quantity requirement, and easy and huge availability of animal waste.

Broadcasting application method dominates the global market

Based on application, the organic fertilizers market is segmented into broadcasting, fertigation, and foliar application. Organic fertilizers market for broadcasting application held the major share as this method is inexpensive, efficient, and easy as compared to other methods. Moreover, rising adoption of advanced broadcasting equipment further supports the growth of this market.



The major players operating in the global organic fertilizers market are Italpollina S.p.A. (Italy), Tata Chemicals Ltd. (India), Multiplex Group (India), Coromandel International Limited (India), Midwestern BioAg (U.S.), Perfect Blend, LLC (U.S.), ILSA S.p.A. (Italy), ScottsMiracle-Gro Company (U.S.), National Fertilizers Limited (India), SPIC Ltd (India), Sigma AgriScience, LLC (U.S.), AG Global (Canada), California Organic Fertilizers, Inc. (U.S.), Biolchim S.p.A. (Italy), and Camson Bio Technologies Limited (India) among others.



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Source: EmailWire.Com

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