Report : North America Organic Fertilizers Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Source (Plant, Animal, and Mineral), Crop Type (Cereals and Grains, Oilseed and Pulses, Fruits and Vegetables, and Others), and Form (Dry and Liquid)
Animal-Based Organic Fertilizers Segment to Dominate North America Organic Fertilizers Market during 2019–2027
According to a new market research study on “North America Organic Fertilizers Market Forecast to 2027 – COVID-19 Impact and Analysis – By Source (Plant, Animal, and Mineral), Crop Type (Cereals and Grains, Oilseed and Pulses, Fruits and Vegetables, and Others), and Form (Dry and Liquid),” is expected to reach US$ 2,442.15 million by 2027 from US$ 1,001.48 million in 2018 and is expected to grow at a CAGR of 10.5% from 2019 to 2027. The report provides trends prevailing in the North America Organic Fertilizers Market along with the drivers and restraints pertaining to the market growth. Benefits associated with organic fertilizers is the major factor driving the growth of the North America Organic Fertilizers market. However, stringent regulations related to organic fertilizers hinder the growth of North America Organic Fertilizers market. Furthermore, COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. In North America region, the US has the highest number of confirmed cases of COVID-19, as, compared to Canada and Mexico. This is likely to negatively affect the chemicals & materials industry in the region as, due to the COVID-19, the supply chain is likely to get affected. In addition, the overall manufacturing processes, research, and development activities will also impact market growth.
The North America Organic Fertilizers market is segmented into source, crop type, and form. Based on source, the organic fertilizers market is bifurcated into plant, animal and mineral. The animal segment dominated the North America organic fertilizers market during the forecast period of 2019-2027. The organic fertilizers market based on crop type has been segmented into cereals and grains, oilseed and pulses, fruits and vegetables and others. The cereals and grains segment dominated the North America organic fertilizers market, whereas the market for fruits and vegetables is expected to grow at a higher CAGR during the forecast period. Based on form the organic fertilizers market is sub-segmented into dry and liquid. The dry form segment held the largest share during the forecast period.
AgroCare Canada; Biostar Renewables, LLC; Coromandel International Limited; Italpollina SpA; Midwestern BioAg; Perfect Blend, LLC; ScottsMiracle-Gro; and Suståne Natural Fertilizer, Inc. are among the leading companies in the North America Organic Fertilizers market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2019, InnovaFeed and Italpollina announced a strategic partnership to develop and commercialize organic fertilizers and biostimulants from insect ingredients. This partnership will combine an ambitious joint R&D program and the launch of a novel and 100% natural fertilizer, jointly developed from insect frass sustainably produced by InnovaFeed at its Nesle plant (Somme, France) and future sites. Again, in the same year, Italpollina, a producer of organic fertilizers, beneficial microbials, and 100% vegetal-based biostimulants, acquired Sarasota-based Horticultural Alliance Inc. Horticultural Alliance specializes in an organic approach to plant health and maintenance through mycorrhizal inoculants and beneficial bacteria in horticulture. The acquisition provides Italpollina a second location in the US, joining a recently completed 70,000-square-foot North American headquarters in Anderson, Ind., the statement adds.
The Report Segments The North America Organic Fertilizers Market As Follows:North America Organic Fertilizers Market – By Source
- Cereals and Grains
- Oilseed and Pulses
- Fruits and Vegetables
North America Organic Fertilizers Market – By Country
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