North America Organic Fertilizers Market Forecast to 2027 – COVID-19 Impact and Analysis – By Source (Plant, Animal, and Mineral), Crop Type (Cereals and Grains, Oilseed and Pulses, Fruits and Vegetables, and Others), and Form (Dry and Liquid)
Number of Pages: 77
Market Introduction
Organic fertilizers are generally obtained from natural sources such as human excreta, animal matter, vegetable matter, manure, etc. They are the vital elements that help to promote the growth of micro-organisms present in the soil. The nutritional content of the organic fertilizers depends upon their composition. Organic fertilizers are easy to use and are also food safe when compared to synthetic fertilizers. Synthetic fertilizers cause-specific harmful effects on the environment and the living creatures, due to which the companies have developed organic fertilizers to reduce the damage.
Market Overview and Dynamics
The organic fertilizers market in North America is expected to reach US$ 2,442.15 million by 2027 from US$ 1,001.48 million in 2018 and is expected to grow at a CAGR of 10.5% from 2019 to 2027. The surge in organic farming is one of the crucial drivers for the organic fertilizers market. The increasing health awareness among consumers is driving the demand for organic products. The consumer considers organic products as safe and healthy. Therefore, there has been a significant increase in organic farming across North America. Thus, the growth of organic agriculture is expected to propel the organic fertilizers market. Also, the rise in government initiatives and subsidies are driving the farmers to opt for organic farming to reduce environmental pollution. Evolving agricultural practices, new technologies, high investments in research & development, and increasing health-consciousness are essential factors that are anticipated to boost the organic fertilizers market.
However, restraints such as stringent regulations related to organic fertilizers are likely to affect the market's growth in the forecast period. Moreover, COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. In the North America region, the US has the highest number of confirmed cases of COVID-19, as compared to Canada and Mexico. This is likely to negatively affect the region's chemicals & materials industry as, due to the COVID-19, the supply chain is likely to get affected. The overall manufacturing processes, research, and development activities will also impact market growth.
Key Market Segments
The North America Organic Fertilizers market is segmented into source, crop type, and form. Based on source, the organic fertilizers market is bifurcated into plant, animal and mineral. The animal segment dominated the North America organic fertilizers market during the forecast period of 2019-2027. The organic fertilizers market based on crop type has been segmented into cereals and grains, oilseed and pulses, fruits and vegetables and others. The cereals and grains segment dominated the North America organic fertilizers market, whereas the market for fruits and vegetables is expected to grow at a higher CAGR during the forecast period. Based on form the organic fertilizers market is sub-segmented into dry and liquid. The dry form segment held the largest share during the forecast period.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the organic fertilizers market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are AgroCare Canada; Biostar Renewables, LLC; Coromandel International Limited; Italpollina SpA; Midwestern BioAg; Perfect Blend, LLC; ScottsMiracle-Gro; and Suståne Natural Fertilizer, Inc. among others.
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North America Organic fertilizers Market Segmentation
- Plant
- Animal
- Mineral
- Cereals and Grains
- Oilseed and Pulses
- Fruits and Vegetables
- Others
- Dry
- Liquid
- US
- Canada
- Mexico
Company Profiles
- AgroCare Canada
- Biostar Renewables, LLC
- Coromandel International Limited
- Italpollina SpA
- Midwestern BioAg
- Perfect Blend, LLC
- ScottsMiracle-Gro
- Suståne Natural Fertilizer, Inc.