Market Introduction
Organic fertilizers are generally obtained from natural sources such as human excreta, animal matter, vegetable matter, manure, etc. They are the vital elements that help to promote the growth of micro-organisms present in the soil. The nutritional content of the organic fertilizers depends upon their composition. Organic fertilizers are food safe and are also easy to use when compared to synthetic fertilizers. Synthetic fertilizers cause-specific harmful effects on the environment and the living creatures, due to which the companies have developed organic fertilizers to reduce the damage.
Market Overview and Dynamics
The organic fertilizers market in APAC is expected to reach US$ 8,691.62 million by 2027 from US$ 3,473.48 million in 2018 and is expected to grow at a CAGR of 10.8% from 2019 to 2027. Key factors that are driving growth of the market are nutrient benefits offered by the organic fertilizers and growing consumption of organic food products. APAC comprises around 60% of the world’s population. A large population is directly dependent on food products, which is the basic need to survive. To fulfil this need farmers are looking for the sustainable use of farm land and resources, which is possible through using organic fertilizer. Also, the growing focus over sustainable has led to the adoption of organic manure over synthetic one in production of crops, fruits, and vegetables. Hence, rise in population along with growing focus over sustainability provides a good opportunity for the organic fertilizer market players to expand their market share in the region.
However, restraints such as stringent regulations related to organic fertilizers are likely to affect the market's growth in the forecast period. Also, COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The consequence and impact can be even worse and totally depends on the spread of the virus. The government of Asia Pacific is taking possible steps to reduce its effects by announcing lockdown, and thus, impact the revenue generated by the market. The Airports Council International (ACI) Asia-Pacific warned that the prolonged duration of the coronavirus outbreak would drastically impact the region’s airports’ connectivity and economic sustainability, significantly restricting them from achieving previously forecasted growth prospects. Such closures are anticipated to negatively impact market growth in the coming period. Till now, China has the highest number of COVID -19 confirmed cases.
Key Market Segments
The APAC 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 APAC 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 APAC 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.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the organic fertilizers market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are AgroCare Canada; Biostar Renewables, LLC; Coromandel International Limited; Italpollina SpA; Krishak Bharati Cooperative Limited; National Fertilizers Limited; ScottsMiracle-Gro; and Suståne Natural Fertilizer, Inc. among others.
Reasons to buy report
APAC Organic fertilizers Market Segmentation
APAC Organic Fertilizers Market – By SourceCompany Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 3,473.48 Million |
| Market Size by 2027 | US$ 8,691.62 Million |
| CAGR (2019 - 2027) | 10.8% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Source
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific Organic Fertilizers Market is valued at US$ 3,473.48 Million in 2018, it is projected to reach US$ 8,691.62 Million by 2027.
As per our report Asia Pacific Organic Fertilizers Market, the market size is valued at US$ 3,473.48 Million in 2018, projecting it to reach US$ 8,691.62 Million by 2027. This translates to a CAGR of approximately 10.8% during the forecast period.
The Asia Pacific Organic Fertilizers Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Organic Fertilizers Market report:
The Asia Pacific Organic Fertilizers Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Organic Fertilizers Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Organic Fertilizers Market value chain can benefit from the information contained in a comprehensive market report.
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