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Jun 28, 2023
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The North American organic fertilizers market is expected to reach US$ 1.89 billion in 2023 and US$ 5.4 billion in 2033, with an annual growth rate of 11%. The use of organic fertilizers provides plants with a balanced nutrient profile, which ensures that the plants are consistently supplied with nutrients for a prolonged period of time. Organic fertilizers slow down the release of nutrients, addressing nutrient imbalances and reducing the risk of pollution resulting from nutrient runoff.
The use of organic fertilizers enhances crops' quality, flavor, and nutritional value by promoting healthy plant growth. Aside from stimulating root development, they increase nutrient uptake and support plant vigor overall. The initial effects of organic fertilizers may be slower than those of synthetic fertilizers, but they improve soil fertility and sustain crop production long term.
The increasing popularity of organic farming, awareness of chemical fertilizer pollution, and consumer demand for organic foods are increasing the demand for organic products. Various natural sources are used to produce organic fertilizers, including plant and animal materials, compost, and manure. Unlike synthetic chemicals and hormones, they are naturally free of synthetic pesticides, hormones, and genetically modified organisms (GMOs). Sustainable farming practices can be promoted by using organic fertilizers that reduce the environmental impact of agriculture.
With consumers becoming increasingly interested in eco-friendly products and sustainability becoming increasingly important to businesses, the target market will also grow substantially during the projection period. Furthermore, government regulators are likely to implement a variety of strict regulations that will increase organic fertilizer consumption rapidly.
Fertilizers based on organic substances improve soil fertility and structure by increasing its capacity to hold water, its nutrient content, and its microbial activity. A soil enrichment program employs organic matter to provide essential nutrients, such as nitrogen, phosphorus, and potassium, along with secondary nutrients. The long-term productivity of soils is assured by the use of organic fertilizers, which provide nutrients to soils.
Find a comprehensive report summary that describes the market size and forecast along with the research methodology. The Sample report is available in PDF format @ https://www.futuremarketinsights.com/reports/sample/rep-gb-13952
Key Takeaways
● The United States organic fertilizer market is estimated to grow 7.6% annually from 2023 to 2033.
● Canada's organic fertilizer market is expected to grow at a CAGR of 6.9% between 2023 and 2033.
● According to the source segment, animal sources will account for about 71% of the overall revenue of the market.
● Fruits and vegetables are forecast to grow by 7.4% over the forecast period.
● The market for liquid organic fertilizers is expected to grow at a CAGR of 6.3% between 2023 and 2033.
"Organic fertilizer offers a wide range of benefits, coupled with rapid adoption in agriculture, resulting in significant growth in the North American organic fertilizer market over the next few years, “says an FMI analyst.
Competitive Landscape
The North America organic fertilizer industry is fragmented and thriving among the top players. Players in the industry are launching more products frequently to stay competitive. The key industry players are:
● Sustane Natural Fertilizer Inc.
● True Organic Products Inc.
● California Organic Fertilizers Inc.
● Purely Organics LLC
● Fertoz Limited
● Fertilizers USA LLC
● The Scotts Miracle-Gro Company
● Sigma AgriScience, LLC
● Bio Green USA, Inc
● American Plant Food Corporation
Market Developments Include:
● In June 2023, Entosystem Inc., a Canada-based producer of BSFs, inaugurated its Drummondville plant. It was built with public and private investments totaling CAD$60m one year ago. As the continent's largest larvae and organic fertilizer factory, the new fully automated factory covers an area larger than 100,000sq.ft.
● In June 2023, Vanguard Crop Nutrition Inc. will begin manufacturing compound fertilizers in Maitland, Ontario. With regard to the future of crop nutrition in Canada, a greater sense of urgency must be taken to build and safeguard the nation's capacities to manufacture and supply next-generation products.
More Valuable Insights Available
Future Market Insights offers an unbiased analysis of the global North America organic fertilizers market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the North American organic fertilizers market, the market is segmented on the basis of source type (plant source and animal source), application (cereals and crops, fruits and vegetables, and lawns, turfs, and gardens) and form (solid and liquid) across two countries (United States and Canada).
