Global Sales of Organic Fertilizers Predicted to Explode in Future

The proliferation of huge organic foods and beverages retail markets in Europe and North America is boosting the demand for organic fertilizers across the globe. As per the observations of the International Federation of Organic Agriculture Movement (IFOAM), in 2019, the sales of organic items were majorly concentrated in Europe and North America for a short period of time. The sales of these products were considerably in countries such as France, the U.S., and Germany. 

This was mainly due to the high per capita income of the inhabitants of these countries. Moreover, as per the IFOAM, the demand for these products would climb in the forthcoming years, which will, in turn, growth opportunities for the organizations operating in the global organic fertilizers market in the future. The surging acreage and the number of organic farmlands is also pushing up the demand for organic fertilizers all over the world. 

This is subsequently driving the expansion of the global organic fertilizers market. The market value is predicted to grow from $4,512.1 million in 2019 to $14,746.2 million in 2030. Industry experts predict that the market would exhibit a CAGR of 14.1% from 2020 to 2030. The major sources of these materials are animals and plants. Of these, the sales of animal-based fertilizers were found to be higher in the last few years.

Across the globe, the organic fertilizers market would demonstrate the fastest growth in the Rest of World (RoW) region in the upcoming years, as per the estimates of P&S Intelligence, a market research firm based in India. The biggest factor fueling the rapid advancement of the market in this region is the large-scale farming of quinoa, especially in the Latin American (LATAM) countries such as Uruguay, Argentina, and Mexico. This is because organic fertilizers are heavily used in quinoa farming.

Thus, it can be said with full confidence that the sales of organic fertilizers would shoot-up all over the globe in the years to come, primarily due to the rising demand for organic foods and beverages in various countries across the world.

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