Connect with:
Friday / December 20. 2024

logo
mobile-logo
HomePosts Tagged "organic fertiliser"
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

Agro chems – Fertilizers

Organic fertilisers have helped greatly to consumers so that they can avail access to clean-label food items

As per the exclusive report by Vantage Market Research, the global Organic Fertilisers Market size is expected to reach over $22.13 Billion by 2028, exhibiting a Compound Annual Growth Rate (CAGR) of 12.1 per cent during the forecast period.

Organic fertilisers have helped greatly to consumers so that they can avail access to clean-label food items, to the extent that they are ready to pay a higher price for such products. Key manufacturers are therefore investing in bolstering their R&D capabilities and disperse eco-friendly fertilisers heavily, states Vantage Market Research, in a report, titled “Organic Fertilisers Market by source (Plant, Animal, Mineral), by crop type (Cereals & grains, Oilseed & pulses, Fruits & vegetables, Others), by form (Dry, Liquid), by Region (North America, Europe, Asia Pacific, Middle East & Africa) – Global Industry Assessment (2016 – 2021) and Forecast (2022 – 2028)”.

The agriculture sector depends largely upon fertilizers for improvement in soil productivity. Majorly chemical or synthetic fertilisers are used for enhancing crop yield. Moreover, there is trend towards use of these fertilisers, due to increase in awareness of adverse effects because of chemical fertilisers to both environment and human beings.

Organic fertilisers have helped greatly to consumers

Allied Industry, Sugar industry

Sugarfed Haryana will grant Rs 7.5 crore to the collaborating agencies in the first year

Chaudhary Charan Singh Haryana Agricultural University’s (HAU) has signed an MoU with International Fertilizer Development Centre (IFDC) to develop organic fertiliser from sugarcane distillery fly ash and spent wash. The end-product will be rich in potassium and phosphorus. 

The MoU was signed in the presence of Vice-Chancellor BR Kamboj, Research Director SK Sehrawat and HR Director MS Sidhpuria on behalf of HAU, along with Yashpal Sehrawat, Country Director and Consultant Sai Dass from IFDC India. 

Kamboj, Vice-chancellor mentioned that Sugarfed Haryana will grant Rs 7.5 crore to the collaborating agencies in the first year.

Sugarfed Haryana will grant Rs 7.5 crore