Plant-Based Organic Fertilizers Market Size (2023 - 2030)

Cultivate Success: Unveiling Opportunities in the Plant-Based Organic Fertilizers Market!

Global Plant-Based Organic Fertilizers Market is estimated to be worth USD 234.40 Million in 2022 and is projected to reach a value of USD 559.96 Million by 2030, growing at a CAGR of 11.5% during the forecast period 2023-2030.

Organic fertilizers fulfill a crucial role in supplying necessary nutrients to plants and nurturing the vitality of the soil. Organic fertilizers, contrasted with synthetic fertilizers, not only supply nutrients to plants but also foster the holistic health of the soil. These fertilizers are perceived as a more ecologically sustainable option. Soils enriched with organic matter have a loose and light texture, retain more water and nutrients, and nourish and support the proliferation of beneficial soil microorganisms. This, in turn, boosts the overall well-being of plants and promotes robust root development. Organic fertilizers are prevalently utilized for a diverse assortment of crops, encompassing vegetables (e.g. tomatoes, lettuce, and cucumbers), fruits (e.g. strawberries, grapes, and citrus), and cash crops (e.g. grass, flowers, and cannabis).

Organic fertilizers offer several advantages. They enhance nutrient efficiency and soil structure, which assists in promoting water movement and benefiting beneficial microbes. They enhance soil fertility, texture, drainage, and aeration, supporting continuous soil rejuvenation. Furthermore, organic fertilizers contribute to higher-quality produce and increased yields owing to their abundant plant nutrients. Importantly, they are environmentally benign, being renewable, biodegradable, and devoid of noxious chemicals that can taint water and land. Overall, organic fertilizers provide a holistic approach to agriculture, nurturing soil health, crop productivity, and environmental sustainability.

Global Plant-Based Organic Fertilizers Market Drivers:

The advantage of airy soil structure is fueling the growth of the Global Plant-Based Organic Fertilizers Market.

The utilization of organic fertilizers augments the activity of soil microorganisms. Organic fertilizers are decomposed by organisms into humic acid and amino acid, a process that necessitates oxygen and draws in air, which makes the soil structure lighter. This combination gives rise to the creation of lush and fertile soil with a diverse range of organisms. Consequently, plants acquire ample nutrients and moisture from the soil, which leads to the cultivation of vigorous crops that are highly resilient against diseases and pests. Therefore, this factor propels the demand for plant-based organic fertilizers.

The rising adoption of organic fertilizers for holistic crop and soil nourishment is another factor contributing to the growth of the Global Plant-Based Organic Fertilizers Market.

Organic fertilizers undergo breakdown for two purposes. The first is to fortify the fundamental framework of the soil, while the second is to prolong its capacity to retain water and critical nutrients. With consistent and appropriate usage, these organic fertilizers facilitate the growth of robust and resilient crops. Furthermore, in contrast to synthetic fertilizers that solely supply fundamental nutrients to plants, organic fertilizers comprise ample amounts of micronutrients, encompassing calcium, magnesium, zinc, sulfur, and copper, which guarantee holistic nourishment for the crops. Therefore, this factor also propels the demand for plant-based organic fertilizers.

Global Plant-Based Organic Fertilizers Market Challenges:

The Global Plant-Based Organic Fertilizers Market is encountering challenges, primarily in terms of inconsistent nutrients, slow results, and expensive prices. Organic fertilizers exhibit nutrient content variability, lacking a fixed primary nutrient ratio. This inconsistency can lead to varying effects on similar plants when utilizing the same quantity of a specific organic fertilizer. The gradual impact of organic fertilizers stems from the complex binding of organic substances, which necessitates microbial breakdown for plant root absorption. Consequently, nutrient release occurs slowly, which results in a gradual influence on plant development. Contrasted with synthetic fertilizers, organic fertilizers are pricier due to higher production expenses, including additional resources, time, and energy, which contribute to their relatively higher market price on a per-nutrient basis. Thus, these challenges inhibit the growth of the Global Plant-Based Organic Fertilizers Market.

Global Plant-Based Organic Fertilizers Market Opportunities:

Market expansion strategies present a lucrative opportunity in the Global Plant-Based Organic Fertilizers Market. The demand for plant-based organic fertilizers is augmenting owing to their advantages, including improved soil quality, increased nutrient retention in the soil, the ability to combat diseases and pests naturally, and being environmentally friendly. Businesses specializing in the production of plant-based organic fertilizers can attain considerable benefits from this opportunity by broadening their product offerings to emerging markets, encompassing China, Brazil, and Mexico. By pursuing this expansion, companies can broaden their customer base and drive a notable increase in their overall revenue.

COVID-19 Impact on the Global Plant-Based Organic Fertilizers Market:

The Global Plant-Based Organic Fertilizers Market has been considerably influenced by the COVID-19 outbreak. As a result of rigorous lockdowns, travel restrictions, and social distancing measures, the demand for plant-based organic fertilizers waned. Delays in the expedited production and distribution of goods and services were also caused by the pandemic's influence on the market's supply chain. The pandemic presented difficulties for farmers, encompassing restricted market access, labor shortages, and price fluctuations, which resulted in financial constraints that may have affected their ability to invest in organic fertilizers, especially for small-scale farmers. These factors negatively impacted the market's growth. Despite these challenges, the market is projected to rebound alongside the global recovery from the pandemic.

Global Plant-Based Organic Fertilizers Market Recent Developments:

• In June 2023, Angel Yeast, a supplier of functional yeast, and the Hubei Academy of Agricultural Sciences in China joined forces to engage in R&D activities. Their objective is to amplify existing agricultural microbiology solutions by introducing a range of novel microbial products and probiotics tailored for fertilizing agents, livestock farming, and aquaculture purposes.
• In February 2021, Anuvia Plant Nutrients, a company specializing in agricultural technology and working on a fertilizer alternative, successfully raised USD 103 million in Series C funding to scale bio-based fertilizers.
• In February 2021, Revol Greens, the top greenhouse lettuce grower in North America, introduced a pioneering plant-based organic nutrient source, marking a significant advancement in their organic greenhouse program. They are the first in the lettuce industry to implement such a solution for field and greenhouse cultivation. Their new line extension features USDA Certified Organic varieties benefiting from Revol's proprietary Plant Fed™ organic fertilizer.

PLANT-BASED ORGANIC FERTILIZERS MARKET REPORT COVERAGE:

Global Plant-Based Organic Fertilizers Market Segmentation:

Global Plant-Based Organic Fertilizers Market Segmentation: By Type

• Compost
• Green Manure
• Liquid Fermented Weeds
• Mulch
• Others

The Mulch segment occupied the highest market share in the year 2022. The growth can be ascribed to the extensive utilization of mulch as a plant-based organic fertilizer. Mulch, derived from various plant materials, serves as a protective cover for the soil during planting and plant growth. Garden waste like weeds, pruned branches, leaves, grass, bark, and wood chips can be transformed into mulch. It enriches the soil with organic matter and minerals, with earthworms incorporating decaying plant material and improving the structure and nutrient content of the soil. Mulch supports beneficial soil organisms and shields the soil from sunlight which can inhibit nutrient availability. It suppresses weed growth, retains soil moisture, and mitigates excessive heat. Given the growing occurrence of extreme weather conditions, mulch's role in soil protection is particularly vital.

Global Plant-Based Organic Fertilizers Market Segmentation: By Crop Type

• Cereals and Grains
• Fruits and Vegetables
• Oilseeds and Pulses
• Others

The Cereals and Grains segment occupied the highest market share in the year 2022. The growth can be ascribed to cereals holding significant importance as staple crops worldwide, as highlighted by the Food and Agricultural Organization. Plant-based organic fertilizers play a vital role in assuring the efficient absorption of nutrients by cereal crops. They are a key component of nutrient management owing to their renewability and cost-effectiveness compared to synthetic fertilizers. These fertilizers promote plant growth and increase yield, while simultaneously enhancing soil health and fertility. Furthermore, plant-based organic fertilizers contribute to disease resistance in crops, thereby reducing the need for crop protection chemicals.

Global Plant-Based Organic Fertilizers Market Segmentation: By Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

The region of North America dominated the Global Plant-Based Organic Fertilizers Market in the year 2022. The increasing investments from both public and private sectors, the integration of technology in farm-assistive practices, government policies and initiatives aimed at improving agricultural income, and the existence of organized supply chains to support the production, packaging, and distribution of sustainably grown produce are some of the pivotal factors propelling the region's growth. Furthermore, North America is home to several prominent market players, including The Fertrell Company, Sustane Natural Fertilizer, Inc., Midwestern BioAg Holdings, LLC, Perfect Blend, LLC, and The Espoma Company.

The region of Asia-Pacific is anticipated to expand at the quickest rate over the forecast period 2023-2030 owing to the increasing health consciousness among consumers, ample cultivation land, population growth, rising per capita income, advancements in mechanization and irrigation capabilities, and the strong presence of significant market players, including Coromandel International Ltd., Tata Chemicals Ltd., and Bionature Lifescience Pvt. Ltd.

Global Plant-Based Organic Fertilizers Market Key Players:

1. The Fertrell Company (United States)
2. Sustane Natural Fertilizer, Inc. (United States)
3. Coromandel International Ltd. (India)
4. ILSA S.p.A. (Italy)
5. Midwestern BioAg Holdings, LLC (United States)
6. Italpollina S.p.A (Italy)
7. Tata Chemicals Ltd. (India)
8. Perfect Blend, LLC (United States)
9. The Espoma Company (United States)
10. Bionature Lifescience Pvt. Ltd. (India)