The value of the organic fertilizers market was USD 5,864 million in 2022, and it is will advance at a CAGR of 12.1% in the years to come, to reach USD 14,622 million by 2030, as per a market research company, P&S Intelligence.
Moreover, the requirement for cereals & grains is also increasing since they can be effortlessly produced and gives high yields.
Furthermore, fertilizers produced from bone meal, animal waste, and blood meal, are rich in phosphorous, potassium, and nitrogen, which are the main nutrients desirable by plants. So, because of above benefits of animal-based fertilizers, their use is quickly surging.
APAC had a significant growth in the organic fertilizers market, and will remain the same in the years to come. This growth is mostly credited to the increasing health consciousness amongst the broad cultivation land, customers, increasing population & growth of per capita income, and improved mechanization and irrigation competences.
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Europe will grow significantly in the years to come, since it has the largest organic arable land, in excess of 17 million hectares.
Recently, the land under organic farming has grown enormously across numerous regions globally, owing to numerous indirect and direct factors. The growing investments private and public players in contemporary agricultural methods and the increasing demand for organic products because of their perceived health benefits and the low chemical leaching throughout their production. These factors have also brought about in their premium pricing and higher interest amongst farmers because of greater margins.