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Organic

The global organic fertilisers market is expected to reach $19.88 billion by 2029, at a CAGR of 11.6 per cent during the forecast period 2022–2029

According to a new market research report titled, ‘Organic Fertilizers Market by Source (Animal, Plant, Mineral), Form (Dry, Liquid), Application Method (Broadcasting, Fertigation, Foliar Application), Crop Type (Cereals & Grains, Fruits & Vegetables), and Geography – Global Forecast to 2029’, the global organic fertilisers market is expected to reach $19.88 billion by 2029, at a CAGR of 11.6 per cent during the forecast period 2022–2029. Also, in terms of volume, the global organic fertilisers market is estimated to grow at a CAGR of 6.7 per cent during the forecast period to reach 38,570.5 KT by 2029.

The demand for organic fertilisers is growing across the globe. Organic agriculture serves multiple functions. It is an important tool to achieve ‘green productivity’ in agriculture. It also mitigates the negative impact of conventional input-intensive agriculture by excluding agrochemical inputs from the production system, minimising environmental pollution, promoting the reuse & recycling of organic farm waste and crop residues, improving biodiversity, and enhancing soil productivity.

Furthermore, the effects of the COVID-19 pandemic on the organic fertilisers market have been noticed since early 2020 in China, one of the world’s largest producers and consumers. The shutdown of production plants in China and restrictions on the export and import of organic fertilisers & raw materials, particularly animal waste to and from China’s restricted areas, affected the supply chain. This scenario impacted the production, sales, and operations of this industry. The pandemic affected the organic fertilisers market in many countries, including the US, India, Australia, Brazil, and the EU-5 countries. In India, many fertiliser plants have shut down or are operating at reduced capacity due to the countrywide lockdown leading to substantial losses in the domestic organic fertiliser production.

The global organic fertilisers market is expected

Finance

The demand for pre-processing equipment holds the largest market share, and it is expected to grow at a CAGR of around 7.0 per cent in the coming years

According to the market research report published by P&S Intelligence, the global fruit and vegetable processing equipment market accounted for $5.6 billion revenue in 2021, which is set to reach $10.2 billion by 2030, advancing at a 6.9 per cent CAGR between 2021 and 2030. The growing population and changing food choices, as people’s purchasing behaviour shifts toward higher-value commodities, are the major factors driving the market.

The demand for pre-processing equipment holds the largest market share, and it is expected to grow at a CAGR of around 7.0 per cent in the coming years. This is because fruits and vegetables gathered from farms contain dirt, germs, external nutrients, and biocides, making them unfit for direct eating.

Key findings:

  • In the fruit and vegetable processing equipment market, the packaging and handling equipment category is expected to grow at a significant rate. This will be due to the rising need for packaging and handling equipment to extend the products’ shelf life and mandates by government for proper product labelling.
  • Due to the high nutritional content, manufacturers of plant-based meals are focused on legumes, fruits and vegetables, and pulses to improve the flavour and texture of meals, which offers lucrative opportunities to industry players.
  • The APAC fruit and vegetable processing equipment market is advancing at a significant rate due to the surging population, growing FDI, changing food preferences, and increasing disposable income.
  • The US has a massive market for the equipment in North America, since it ranks third in the globe for ready-to-eat and packaged food consumption. Furthermore, the safety precautions implemented by authorities such as the FDA have resulted in a stronger public trust in processed food.

The demand for pre-processing equipment holds the