South & Central America Organic Fertilizers Market is expected to reach US$ 1,453.15 Mn by 2027

Animal-Based Organic Fertilizers Segment to Dominate SAM Organic Fertilizers Market during 2019–2027

According to a new market research study on “SAM 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$ 1,453.15 million by 2027 from US$ 619.07 million in 2018 and is expected to grow at a CAGR of 10.0% from 2019 to 2027. The report provides trends prevailing in the SAM Organic Fertilizers Market and the drivers and restraints pertaining to the market growth. Growing consumption of organic food products is the primary factor driving the SAM Organic Fertilizers market's development. However, stringent regulations related to organic fertilizers hinder the growth of the SAM Organic Fertilizers market. Furthermore, COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Brazil has the highest number of COVID-19 cases, followed by the countries Ecuador, Chile, Peru, and Argentina. South American government has taken various actions to protect their citizens and contain COVID-19’s spread. It is expected that South America will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to Europe, China, and the United States, which are important trade partners. Containment measures in several South American countries will reduce economic activity in the manufacturing sectors for at least the next quarter, with a rebound once the epidemic is contained. This is anticipated to impact organic fertilizers market growth in the coming period negatively.

The SAM 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 SAM 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 SAM 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; Italpollina SpA; ScottsMiracle-Gro; and Suståne Natural Fertilizer, Inc. are among the leading companies in the SAM 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, Italpollina, a producer of organic fertilizers, beneficial microbials, and 100% vegetal-based biostimulants, has acquired Sarasota-based Horticultural Alliance Inc. 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 Report Segments The SAM Organic Fertilizers Market As Follows:

SAM Organic Fertilizers Market – By Source

• Plant
• Animal
• Mineral

SAM Organic Fertilizers Market – By Crop Type

• Cereals and Grains
• Oilseed and Pulses
• Fruits and Vegetables
• Others

• Dry
• Liquid

• Brazil
• Argentina
• Rest of SAM