PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1801847
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1801847
The Global Seaweed-Based Fertilizers Market was valued at USD 15.4 billion in 2024 and is estimated to grow at a CAGR of 5.6% to reach USD 26.6 billion by 2034. Seaweed-based fertilizers are playing an increasingly vital role in sustainable agriculture by using natural extracts from various seaweed species to improve crop growth, enhance soil health, and boost environmental resilience. The growing shift toward organic and sustainable farming practices is the primary driver of market expansion, as more farmers seek chemical-free and nutrient-dense products. Additionally, the rising awareness of soil health and the importance of microbial diversity in agriculture further fuels demand.
Seaweed fertilizers, with their bioactive compounds, help create beneficial soil communities, enhance nutrient cycling, moisture retention, and resistance to diseases. Furthermore, these fertilizers contribute to climate change mitigation by improving soil carbon content and crop resilience to environmental stresses, which ultimately lowers carbon footprints. Ongoing advancements in extraction techniques have led to more efficient and high-quality seaweed-based fertilizers, offering a range of products for various farming needs.
Market Scope | |
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Start Year | 2024 |
Forecast Year | 2025-2034 |
Start Value | $15.4 Billion |
Forecast Value | $26.6 Billion |
CAGR | 5.6% |
The liquid seaweed fertilizers segment held a 45% share in 2024, with expectations to grow at a CAGR of 5.7% by 2034. Their popularity stems from their quick absorption, easy application, and versatility in both foliar and soil drenching methods, making them particularly favored for organic and precision agriculture.
The brown seaweed products segment held the largest share of 47.9% in 2024 and is expected to grow at a CAGR of 5.6%. Kelp products are rich in natural plant growth hormones, micronutrients, and alginates, making them crucial for improving crop yield, drought resistance, and soil health.
U.S. Seaweed-Based Fertilizers Market was valued at USD 3 billion in 2024, with an expected CAGR of 4.7% by 2034. The U.S. leads the market due to strong adoption of organic farming practices, cutting-edge crop management techniques, and significant investments in sustainable agriculture, particularly in liquid seaweed-based biostimulants. The country's advanced production infrastructure and collaboration between agri-tech innovators have further accelerated the growth of this market, particularly in precision agriculture.
Key players in the Global Seaweed-Based Fertilizers Market include Seasol International Pty Ltd., Haifa Group, AlgaEnergy S.A., Acadian Seaplants Limited, Brandt Consolidated, Inc., Kelpak (Kelp Products International), Bioiberica S.A.U., Biostadt India Limited, COMPO EXPERT GmbH, Grow More, Inc., Maxicrop USA, Inc., Leili Marine Bioindustry Inc., Chase Organics GB Ltd., and West Coast Marine Bio-Processing Corp. To strengthen their position in the market, companies in the seaweed-based fertilizers industry focus on several key strategies. These include continued investment in research and development to enhance the efficiency and quality of their products. Companies are also expanding their product portfolios to meet diverse agricultural needs, from large-scale commercial farming to smaller, organic operations. Strategic partnerships and collaborations with agricultural research institutions and farming communities help foster product innovation and increase market penetration.