PUBLISHER: Grand View Research | PRODUCT CODE: 1376226
PUBLISHER: Grand View Research | PRODUCT CODE: 1376226
The global organic fertilizers market size is expected to reach USD 17.84 billion by 2030, with a CAGR of 5.9%, according to a new report by Grand View Research, Inc.. The growth is majorly driven by the increasing demand for organic and chemical-free agricultural produce worldwide. Organic fertilizers are natural substances used to improve soil fertility and provide essential nutrients to plants. They are derived from materials, such as plant matter, animal products, and even mineral deposits, in contrast to synthetic or chemical fertilizers, which are manufactured through industrial processes. They have gained popularity in recent years due to their numerous benefits for both plants and the environment.
Unlike their synthetic counterpart, which can release nutrients quickly and may lead to nutrient imbalances and runoff, organic fertilizers release nutrients gradually. This slow-release nature reduces the risk of over-fertilization and minimizes the impact on the environment. Moreover, they are considered more environment-friendly as they reduce the risk of water pollution and contribute to the long-term sustainability of agricultural practices. They also help in reducing greenhouse gas emissions, as they support healthy soil, which acts as a carbon sink.
As consumer awareness of health and environmental concerns continues to rise, there is a growing demand for organic fruits, vegetables, and other agricultural products. This drives the need for organic fertilizers to meet this demand. According to the Agricultural & Processed Food Products Export Development Authority (APEDA), India produced around 2.9 million metric tons of certified organic products including sugarcane, oilseeds, cereals, pulses, fiber, cotton, fruits, spices, and vegetables in 2022-2023. Many governments around the world are promoting organic farming practices through subsidies, incentives, and regulatory support. This support encourages farmers to adopt organic fertilizers and sustainable farming methods.