The global organic fertilizers market was valued at US$ 6.15 billion in 2016 and is expected to reach US$ 12.26 billion by 2025, at a CAGR of 8.27% during the forecast period (2017 – 2025), according to a Global Organic Fertilizers Market Report by Functionality (Phosphate Solubilizing and Nitrogen Fixing), by Source (Plant Origin, Animal Origin, and Mineral Origin), and by Application (Seed Treatment and Soil Treatment) published by Coherent Market Insights. Key factors such as increasing demand for organic food & beverages, changing dietary habits among people coupled with shifting consumer preference towards natural food, increasing awareness about advantages of organic fertilizers along with rapid adoption of organic fertilizers in regulating soil fertility are expected to be the major factors driving growth of the global organic fertilizers market throughout the forecast period. Moreover, initiative taken by regional governments such as European Union, United States Department of Agriculture, and various others to promote organic farming by providing subsidies on price of organic fertilizers is creating positive environment for growth of the market.
However, less amount of soil enriching nutrients such as Nitrogen (N), Potassium (K), and Phosphorous (P) as compared to synthetic/chemical fertilizers may have negative impact on growth of organic fertilizers market.
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