Growing trend of go-green and need for agriculture sustainability is augmenting the growth of organic fertilizers market

 

Organic fertilizers, also known as natural fertilizers, are fertilizers made from organic matter, including animal and plant matter; human waste (e.g., sweat, urine, and breast milk); vegetable scraps (greens, alfalfa hay, alfalfa beetles, alfalfa meal, cabbage, etc. ); fruits and vegetables (fresh produce, especially blueberries, cranberries, cherries, oranges, lemons, limes, melons, peas, potatoes, etc. ); other organic matter (meats, bones, dairy products, etc. ); and mineral salts and salt substitutes. Organic fertilizers contain various types of organic materials such as humic acids, fatty acids, magnesium and calcium, iron, zinc, selenium, manganese, zinc, silicon, thiamin, and folate. Most organic materials used to make fertilizers today are carbon-based and biodegradable. These materials are usually extracted from the soil by mechanical means, such as digging down to the earth's core or breaking down of large rocks.

Increasing demand eco-friendly fertilizer that has less environmental impact is driving the growth of the organic fertilizers market. Growing implementation of strict rules and regulation on the usage of synthetic fertilizers is again fostering the growth of the organic fertilizers market. Moreover, the continuous launch of organic-based fertilizers by the manufacturer in order to cater to rising demand is further expected to augment the market growth. For instance, in July 2020, IFFCO launched organic manure as Neem cake which has been made from non-edible and de-oiled Neem cake fertiliser

From the geographical perspective, Europe is projected to gain significant growth over the forecast period and this can be attributed to the increasing implementation of strict EU rules to restrict the usage of synthetic fertilizers. For instance, in May 2019, the EU adopted a regulation that harmonizes the requirements for fertilizers produced from phosphate minerals and from organic or secondary raw materials in the EU. This is creating new possibilities for manufacturing and marketing of organic-based fertilizers on large scale.

Key Developments

1. In November 2019, The Totagars’ Cooperative Sale Society (TSS) has launched a ‘TSS Annapurna’, an organic fertilizer product in the market. It is an oil cake-based fertilizer

2. In December 2019, Azerbaijan launches a joint venture: Azerbaijani-Turkish joint venture for the organic fertilizer production. The company has made an investment of about $1 million

3. In April 2020, EarthRenew has entered into patnership with CCm, a United Kingdom-based company, to produced and test new organic fertilizer product formulations

4. In September 2020, Telangana State Agro Industries Development Corporation (TS-Agros) has launched “Telangana Siri” city compost – organic fertilizer as part of the State Government efforts to encourage the use of organic manure and discourage the increasing use of chemical fertilizer.