세계의 강화 유기 비료 시장(2023-2030년)

Overview

Global Fortified Organic Fertilizers Market reached US$ 1.92 billion in 2022 and is expected to reach US$ 2.68 billion by 2030, growing with a CAGR of 4.2% during the forecast period 2023-2030.

One prominent trend in the fortified organic fertilizer market growth is the increasing demand for organic agriculture, fueled by growing awareness and consumer preferences for organically grown produce. According to FiBL, 3.7 million farmers manage more than 76 million hectares of agricultural land organically, and organic agriculture is practiced in 191 countries. As farmers and consumers alike prioritize environmentally friendly practices, there is a rising interest in fertilizers that enhance soil health and minimize ecological impact.

Innovation and product development play a crucial role, with a focus on creating fortified organic fertilizers that not only meet organic standards but also provide essential micronutrients for improved plant nutrition. Government initiatives supporting organic farming and technological advancements in precision agriculture further contribute to the evolving landscape.

Fruits and Vegetables account for over half of the market share due to the growing demand for nutrient-enhanced organic fruits and vegetables. Similarly, Asia-Pacific dominates the fortified organic fertilizers market, capturing the largest market share due to the growing organic farming. According to FIBL & IFOAM Year Book, 2023, between 2022 and 2023, India produced around 2.9 million metric tonnes (MT) of certified organic products, encompassing all food product varieties such as oil seeds, fiber, sugar cane, cereals & millets, cotton,

Dynamics

Growing Organic Farming

The growth of organic farming is significantly propelling the fortified organic fertilizer market. According to the 22nd edition of The World of Organic Agriculture, published by the Research Institute of Organic Agriculture FiBL and IFOAM, in 187 countries, organic farming is practiced, and at least 3.1 million farmers use organic practices managing 72.3 million hectares of agricultural land. As farmers increasingly embrace organic practices, there's a rising demand for fertilizers that align with these principles. Fortified organic fertilizers, enriched with essential nutrients, appeal to organic farmers seeking sustainable and eco-friendly alternatives.

These fertilizers not only enhance soil fertility but also promote healthier crop growth without synthetic additives. The surge in consumer preference for organic produce further boosts the demand for fortified organic fertilizers. Their ability to enhance soil structure, water retention, and nutrient content contributes to increased crop yields. The emphasis on environmental conservation and reduced ecological impact aligns with the principles of both organic farming and fortified organic fertilizers, fostering a mutually reinforcing relationship.

Rising Awareness about the Secondary and Micronutrient Benefits of Fortified Organic Fertilizers

The secondary and micronutrient benefits of fortified organic fertilizers are driving the growth of the fortified organic fertilizer market. These fertilizers, enriched with secondary and micronutrients such as calcium, magnesium, sulfur, iron, zinc, and copper, provide additional nutritional support to plants.

The inclusion of these essential elements enhances soil fertility and addresses specific nutrient deficiencies, promoting healthier plant growth and improved crop yields. Farmers and agricultural practitioners are increasingly recognizing the value of fortified organic fertilizers in ensuring comprehensive nutrient availability for crops, thereby contributing to the overall growth of the market.

High Cost of Fortified Organic Fertilizers

The high cost of fortified organic fertilizers poses a significant restraint to the market's growth. Fortified organic fertilizers, enriched with secondary and micronutrients, often involve additional manufacturing processes and the inclusion of specialized ingredients, which can increase production costs.

This elevated cost may limit the affordability and accessibility of these fertilizers for some farmers, particularly those with smaller or resource-constrained operations. As a result, despite their nutritional benefits, the high cost may hinder widespread adoption and market penetration, acting as a barrier to the growth of the fortified organic fertilizer market.

Segment Analysis

The global fortified organic fertilizers market is segmented based on fortification, crop type, form and region.

Rising Demand for Specific Nutritional Requirements, Promoting Healthier Growth and Improved Quality in Fruits and Vegetables

Fruits and vegetables have the highest share in the fortified organic fertilizers market due to the specific nutritional requirements of these crops. According to a recent survey by the National Agricultural Statistics Service, U.S. in 2021, certified organic commodities were sold for $11.2 billion by the US farmers and ranchers alone. Fortified organic fertilizers, enriched with secondary and micronutrients, address the diverse nutritional needs of fruits and vegetables, promoting healthier plant growth, improved yields, and enhanced quality.

These fertilizers are tailored to provide essential elements like calcium, magnesium, sulfur, and trace minerals, which are crucial for the optimal development of fruits and vegetables. The emphasis on improving the nutritional content and overall health of these crops drives the demand for fortified organic fertilizers in the Fruits and vegetables segment, contributing to its highest market share.

Geographical Penetration

Asia-Pacific's Growing Organic Farming

Asia Pacific has the highest share in the fortified organic fertilizers market due to several factors driving the demand for these fertilizers in the region. The agriculture-intensive economies in countries like India, China, and Southeast Asian nations contribute significantly to the consumption of fortified organic fertilizers. Farmers in the region are increasingly adopting organic and sustainable farming practices, emphasizing the importance of soil health and plant nutrition. According to FIBL & IFOAM Year Book, 2023, India is first in terms of the total number of producers and sixth in the world for organic agricultural land as of 2021 data.

The specific nutritional requirements of diverse crops in the Asia Pacific, coupled with the need for improved soil fertility, contribute to the popularity of fortified organic fertilizers. Government initiatives promoting organic farming and sustainable agriculture practices further boost the market for these fertilizers in the region. The growing awareness of the benefits of secondary and micronutrients in crop production also drives the adoption of fortified organic fertilizers in the Asia Pacific, solidifying its position with the highest market share.

COVID-19 Impact Analysis

The pandemic highlighted the importance of resilient and sustainable agricultural practices. As a result, there has been a growing interest in organic and fortified organic fertilizers as part of sustainable farming methods.

However, the global supply chain disruptions caused by lockdowns and restrictions affected the availability of fertilizers, including fortified organic fertilizers. This impacted farmers' access to these products. Economic uncertainties during the pandemic led to reduced spending in various sectors, including agriculture. Farmers, facing financial challenges, may have cut back on investments in fortified organic fertilizers.

Russia-Ukraine War Impact Analysis

The war between Russia and Ukraine affected the market for fortified organic fertilizers in several ways. Globally, the violence and geopolitical tensions in the area had an impact on some industries, including agriculture, as well as the global economy. Economic instability was caused by geopolitical tensions. Trade disruptions, a decline in investor confidence, and currency value swings could have all resulted from uncertainty in the area. Potential investments in cutting-edge products like fortified organic fertilizers were discouraged by this economic volatility.

By Fortification

• Organic/Naturally Fortified Organic Fertilizers
• Chemically Fortified Organic Fertilizers
  • Boronated Organic Fertilizers
  • Zincated Organic Fertilizers
  • Others

By Crop Type

• Fruits & Vegetables
• Pulses & Oilseeds
• Cereals
• Others

By Form

• Powder
• Granule

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• In September 2023, Nutrition Technologies launched Vitalis a liquid bio-fertilizer from insect frass. Vitalis is specifically designed to enhance good bacteria, shield plants from fungal disease, and give them micronutrients.
• In October 2021, Dharti Shakti introduced a wide range of organic fertilizers at the price of chemical ones. It can produce better results in all kinds of agricultural land with a pH range of 3.5 to 11.5 by adding nutrients to damaged soil. Since it is a novel agricultural method that supports sustainable farming, it enhances soil health.
• In September 2021, Granja Avicola Pujols introduced eco-natural organic fertilizer based on chicken manure. Eco-natural fertilizer enhances soil quality, revitalizes plants, and guarantees the intake of healthier food because it is devoid of chemicals, heavy metals, and pathogenic microorganisms.

Competitive Landscape

The major global players in the market include Darling Ingredients, Sikri Farms, AMRUTH ORGANIC FERTILIZERS, Nuviqo, City Greens, NaturallyGreen, Espoma Company, Jobe's Company, IFFCO, FMC Corporation

Why Purchase the Report?

• To visualize the global fortified organic fertilizers market segmentation based on fortification, crop type, form and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of fortified organic fertilizers market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global fortified organic fertilizers market report would provide approximately 62 tables, 51 figures and 186 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies

Table of Contents

1. Methodology and Scope

• 1.1. Research Methodology
• 1.2. Research Objective and Scope of the Report

2. Definition and Overview

3. Executive Summary

• 3.1. Snippet by Fortification
• 3.2. Snippet by Crop Type
• 3.3. Snippet by Form
• 3.4. Snippet by Region

4. Dynamics

• 4.1. Impacting Factors
  • 4.1.1. Drivers
    • 4.1.1.1. Growing Organic Farming
    • 4.1.1.2. Rising Awareness about Secondary and Micronutrient Benefits of Fortified Organic Fertilizers
  • 4.1.2. Restraints
    • 4.1.2.1. High Cost of Fortified Organic Fertilizers
  • 4.1.3. Opportunity
  • 4.1.4. Impact Analysis

5. Industry Analysis

• 5.1. Porter's Five Force Analysis
• 5.2. Supply Chain Analysis
• 5.3. Pricing Analysis
• 5.4. Regulatory Analysis
• 5.5. Russia-Ukraine War Impact Analysis
• 5.6. DMI Opinion

6. COVID-19 Analysis

• 6.1. Analysis of COVID-19
  • 6.1.1. Scenario Before COVID
  • 6.1.2. Scenario During COVID
  • 6.1.3. Scenario Post COVID
• 6.2. Pricing Dynamics Amid COVID-19
• 6.3. Demand-Supply Spectrum
• 6.4. Government Initiatives Related to the Market During Pandemic
• 6.5. Manufacturers Strategic Initiatives
• 6.6. Conclusion

7. By Fortification

• 7.1. Introduction
  • 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Fortification
  • 7.1.2. Market Attractiveness Index, By Fortification
• 7.2. Organic/Naturally Fortified Organic Fertilizers *
  • 7.2.1. Introduction
  • 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
• 7.3. Chemically Fortified Organic Fertilizers
  • 7.3.1. Boronated Organic Fertilizers
  • 7.3.2. Zincated Organic Fertilizers
  • 7.3.3. Others

8. By Crop Type

• 8.1. Introduction
  • 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Crop Type
  • 8.1.2. Market Attractiveness Index, By Crop Type
• 8.2. Fruits & Vegetables*
  • 8.2.1. Introduction
  • 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
• 8.3. Pulses & Oilseeds
• 8.4. Cereals
• 8.5. Others

9. By Form

• 9.1. Introduction
  • 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
  • 9.1.2. Market Attractiveness Index, By Form
• 9.2. Powder*
  • 9.2.1. Introduction
  • 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
• 9.3. Granule

10. By Region

• 10.1. Introduction
  • 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
  • 10.1.2. Market Attractiveness Index, By Region
• 10.2. North America
  • 10.2.1. Introduction
  • 10.2.2. Key Region-Specific Dynamics
  • 10.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Fortification
  • 10.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Crop Type
  • 10.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
  • 10.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 10.2.6.1. U.S.
    • 10.2.6.2. Canada
    • 10.2.6.3. Mexico
• 10.3. Europe
  • 10.3.1. Introduction
  • 10.3.2. Key Region-Specific Dynamics
  • 10.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Fortification
  • 10.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Crop Type
  • 10.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
  • 10.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 10.3.6.1. Germany
    • 10.3.6.2. UK
    • 10.3.6.3. France
    • 10.3.6.4. Italy
    • 10.3.6.5. Russia
    • 10.3.6.6. Rest of Europe
• 10.4. South America
  • 10.4.1. Introduction
  • 10.4.2. Key Region-Specific Dynamics
  • 10.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Fortification
  • 10.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Crop Type
  • 10.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
  • 10.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 10.4.6.1. Brazil
    • 10.4.6.2. Argentina
    • 10.4.6.3. Rest of South America
• 10.5. Asia-Pacific
  • 10.5.1. Introduction
  • 10.5.2. Key Region-Specific Dynamics
  • 10.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Fortification
  • 10.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Crop Type
  • 10.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
  • 10.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 10.5.6.1. China
    • 10.5.6.2. India
    • 10.5.6.3. Japan
    • 10.5.6.4. Australia
    • 10.5.6.5. Rest of Asia-Pacific
• 10.6. Middle East and Africa
  • 10.6.1. Introduction
  • 10.6.2. Key Region-Specific Dynamics
  • 10.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Fortification
  • 10.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Crop Type
  • 10.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form

11. Competitive Landscape

• 11.1. Competitive Scenario
• 11.2. Market Positioning/Share Analysis
• 11.3. Mergers and Acquisitions Analysis

12. Company Profiles

• 12.1. Darling Ingredients*
  • 12.1.1. Company Overview
  • 12.1.2. Product Portfolio and Description
  • 12.1.3. Financial Overview
  • 12.1.4. Key Developments
• 12.2. Sikri Farms
• 12.3. AMRUTH ORGANIC FERTILIZERS
• 12.4. Nuviqo
• 12.5. City Greens
• 12.6. NaturallyGreen
• 12.7. Espoma Company
• 12.8. Jobe's Company
• 12.9. IFFCO
• 12.10. FMC Corporation

LIST NOT EXHAUSTIVE

13. Appendix

• 13.1. About Us and Services
• 13.2. Contact Us