Global Organo-Mineral Fertilizers Market - 2024-2031

Overview

Global Organo-Mineral Fertilizers Market reached US$ 539.1 million in 2023 and is expected to reach US$ 814.8 million by 2031, growing with a CAGR of 5.3% during the forecast period 2024-2031.

With the increasing health and environmental concerns related to the use of conventional fertilizer products, the need and demand for organically sourced fertilizer products is booming in the global market. The sustainable approach of the organo-mineral fertilizers market along with its benefits on improved crop yields and quality boosts market size. Rising demand for organic food and focus on precision agriculture also add fuel to the organo-mineral fertilizers market.

Organo-mineral fertilizers combine organic matter with readily available mineral nutrients, resulting in improved nutrient uptake by plants, potentially leading to higher yields and better-quality crops. The government and organizations support the better establishment of an organo-mineral fertilizers market with testing and supporting authorities and activities to expand market size. For instance, 26 laboratories notified under FCO are also responsible for testing organic fertilizers.

Asia-Pacific dominated the global market with the high need for organo-mineral fertilizers to support organic agricultural practices. According to APEDA, Organic Certification Data under NPOP 2022-23, 1764677.15 Ha of are was cultivated organically with the production of about 2664679.54 MT farm production from which 312800.51 MT is the total export quantity. The high organic agricultural practices in the region positively help the organo-mineral fertilizers market growth.

Dynamics

Rising Demand for Better Fertilizers to Improve Yield

Food and Agriculture Organization estimated that the world's agricultural land accounted for about 47,812,049 million sq. km in 2021. The increasing agricultural sector at the global level is driving the need for fertilizers that help in better nutritional support and growth. Farmers are widely using various fertilizers to improve the output of farming.

According to FAO, the world fertilizer consumption reached 139.8 kilograms per hectare of arable land in 2021. 91.1 % of fertilizer is consumed to the total fertilizer produced worldwide. Overuse of synthetic fertilizers can contribute to soil degradation and environmental pollution. Organo-mineral fertilizers combine organic matter with readily available mineral nutrients. This combination can improve nutrient uptake by plants, leading to potentially higher yields and better-quality crops.

Increased Demand for Sustainable Agriculture

Growing awareness of the environmental impact of conventional fertilizers, such as water pollution and soil degradation, is driving a shift towards more sustainable practices. A growing consumer demand for safe and sustainably produced food demands more for organic practices in the agricultural sector. Organo-mineral fertilizers, with their focus on improved soil health and nutrient use efficiency, create viable alternatives for all farmers.

According to the Centre for Science and Environment, organic fertilizers help restore soil health and ecological balance along with providing nutrients to crops. Organo-mineral fertilizers can help farmers meet this demand by promoting sustainable practices for their use in organic food product production with their rising demand driving market expansion.

According to USDA, National Agricultural Statistics Service surveys in 2011 and 2021, consumer demand for organically produced goods has increased greatly. In 2021, organic retail sales were estimated to be about 5.5 percent of all retail food sales in United States. U.S. farms and ranches sold nearly $11 billion in organic products in 2021. The demand for organic food needs the base materials such as organo-mineral fertilizers to produce food raw materials for those end organic food products.

High Cost of the Organo-Mineral Fertilizers

Organo-mineral fertilizers require sourcing organic materials like manure, compost, or biochar, which adds more costs for sourcing and processing. These materials might require collection, transportation, and processing before being incorporated into the fertilizer blend. These steps add complexity and cost to the production process.

The additional production costs translate to higher prices for farmers compared to conventional mineral fertilizers. While organo-mineral fertilizers offer potential long-term benefits like improved soil health and potentially higher yields, the immediate price difference can be a barrier for some farmers, especially cost-effective ones.

Segment Analysis

The global organo-mineral fertilizers market is segmented based on ingredients, type, crop, nutrient content, packaging, distribution channel, and region.

Convenient Application of Solid Fertilizers

The global organo-mineral fertilizers market is segmented based on type into solid and liquid fertilizers. The solid organo-mineral fertilizer segment accounted for the largest share. The slow and sustained nutrient release of the solid organo-mineral fertilizers is the major driving factor for the segment growth. Organic materials in the fertilizer gradually decompose, releasing nutrients over a longer period.

It reduces the risk of nutrients being washed away and ensures efficient nutrient use by plants throughout the growing season. Solid fertilizers are easier to store and handle due to their lower weight and lack of spillage risk. They require less specialized storage facilities compared to liquids helping in ease of storage and handling activities for the distributors and farmers.

In addition, these are generally cheaper to produce and transport compared to liquid fertilizers. This translates to lower prices for farmers favoring cost-effective farmers. The well-established application methods of organo-mineral fertilizers and better farmer awareness about their use add to the segment expansion.

Geographical Penetration

High Dominance of Agriculture Sector in Asia-Pacific

Asia-Pacific dominated the global organo-mineral fertilizers market. The large and fast-growing agricultural sector in the region demands large-scale fertilizer products. According to the Indian government, India's agriculture sector grew by 3.5% in FY 2022-23. Not only has India's agriculture grown, but the country has also become a net exporter of agricultural products, with exports reaching $50.2 billion in the same year.

The greater agricultural produce leads to the greater need for mineral support and fertilisers to support their growth. According to the Fertiliser Association of India, the production of total fertilizer products at 48.68 million MT during 2022-23 showed an increase of 11.3% over 2021-22. Total consumption of all fertilizer products is at 63.76 million MT during 2022-23. The rise in awareness about the benefits associated with the use of organic fertilizers to support organic food practices.

According to the Ministry of Agriculture and Farmers' Welfare, India's organic fertilizer production settled at 38.8 lakh tonnes by 2020-21. Chattisgarh, Karnataka and Assam took over higher positions in the organic fertilizer production states in India. Some governments in the Asia-Pacific are actively promoting the use of organo-mineral fertilizers to improve soil health and agricultural sustainability, boosting market growth.

Competitive Landscape

The major global players in the market include Yara International ASA, ICL Group, COMPO EXPERT GmbH, Hello Nature International Srl, Quimicas Meristem, S.L., ILSA S.p.A., Unisalver Organomineral Liquid Fertilizer Products, SEIPASA, S.A., Anorel NV. and Harmony Ecotech Pvt. Ltd.

COVID-19 Impact Analysis

The supply chain disruptions caused by COVID-19 pandemic lockdowns and travel restrictions caused delays in obtaining raw materials used for the production of finished fertilizers and their transportation, leading to temporary shortages and price fluctuations. COVID-19 outbreaks in some regions caused labor shortages in processing plants, leading to decreased production of agricultural products and consequently lower demand for fertilizers.

The pandemic highlighted the importance of strong food systems leading to a long-term shift towards sustainable agriculture practices, potentially benefiting the organo-mineral fertilizer market due to its environmental advantages. The rise in health and environmental concerns and high demand for organic food products improved the market demand during the pandemic period.

By Ingredients

• Organic Material Source
  • Manure-Based
  • Compost-Based
  • Others
• Mineral Source
  • Rock Phosphate
  • Potassium Chloride
  • Others

By Type

• Solid Fertilizers
• Liquid Fertilizers

By Crop

• Grains and Cereals
• Fruits and Vegetables
• Cash Crops
• Landscape and Gardening

By Nutrient Content

• NPK Fertilizers
• Single-Nutrient Fertilizers

By Packaging

• Cartons
• Bags
• Can/bottle
• Others

By Distribution Channel

• Fertilizer Stores
• Online Retail
• Others

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 June 2022, Nika PetroTech, a member of the Ural Interregional Research and Education Center, developed new organomineral fertilizers. These fertilizers are more effective than organic fertilizers and safer than mineral fertilizers.
• In February 2022, Yara introduced Yara Nature, a new organo-mineral fertiliser product into the market. The product contains 38% organic matter produced from food and green waste compost.
• In April 2020, ICL Group Ltd., a multi-national fertilizer manufacturing company announced the launch of Gronamic, a new range of organo-mineral fertilizers. The Gronamic range combines the benefits of mineral and organic sources of nutrients.

Why Purchase the Report?

• To visualize the global organo-mineral fertilizers market segmentation based on ingredients, type, crop, nutrient content, packaging, distribution channel, 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 organo-mineral 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 organo-mineral fertilizers market report would provide approximately 86 tables, 81 figures, and 225 pages.

Target Audience 2024

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