Market Size of asia-pacific organic fertilizer Industry
| Icons | Lable | Value |
|---|---|---|
|
Study Period | 2017 - 2029 |
|
Market Size (2024) | USD 4.08 Billion |
|
|
Market Size (2029) | USD 6.49 Billion |
|
Largest Share by Form | Manure |
|
|
CAGR (2024 - 2029) | 9.73 % |
|
Largest Share by Country | China |
Major Players |
||
|
||
|
*Disclaimer: Major Players sorted in no particular order |
Asia-Pacific Organic Fertilizer Market Analysis
The Asia-Pacific Organic Fertilizer Market size is estimated at 4.08 billion USD in 2024, and is expected to reach 6.49 billion USD by 2029, growing at a CAGR of 9.73% during the forecast period (2024-2029).
4.08 Billion
Market Size in 2024 (USD)
6.49 Billion
Market Size in 2029 (USD)
2.54 %
CAGR (2017-2023)
9.73 %
CAGR (2024-2029)
Largest by Form
48.18 %
value share, Manure, 2023
The manures are applied in large quantities in agriculture both in organic and non-organic farms irrespective of crop type and can be applied at any stage of crop growth.
Fastest by Form
10.20 %
Projected CAGR, Manure, 2024-2029
Manures are cost effective and readily available organic fertilizers.They help in enhancing the physical and chemical properties of the soil to provide optimal crop yield.
Largest by Crop Type
79.61 %
value share, Row Crops, 2023
The dominance of row crops is mostly attributable to their extensive organic cultivation area, which in 2022 accounted for 67.5% of all organic cropland in the region.
Largest by Country
78.79 %
value share, China, 2023
China is one of the largest agricultural producers in the world. Manures dominate the organic fertilizer market and account for 51.7% of the market value in 2022.
Leading Market Player
3.12 %
market share, Gujarat Narmada Valley Fertilizers & Chemicals Ltd, 2022
The company offers organic fertilizers, including Phosphate Rich Organic Manure and it has marketing divisions for fertilizers and industrial products across the country.
- Organic fertilizers are the most consumed fertilizers in Asia-Pacific under agricultural biologicals. Organic fertilizers accounted for about 45.8% of the Asia-Pacific agriculture biologicals market value in 2022, mainly due to their application in bulk quantities in organic and conventional farming.
- Manure application was dominant in the region, valued at USD 1.67 billion in 2022, mainly due to its suitability to all types of crops, including field crops, cash crops, and fruits and vegetables, both in conventional and organic farming. Manures are also used to improve the physio-chemical properties of the soil before taking up the seed sowing and even at different growth stages of the crop based on the requirement.
- The consumption of meal-based organic fertilizers was valued at USD 927.4 million in 2022. These fertilizers have high nutrient content compared to manures. Meal-based fertilizers like blood and horn meal have higher phosphorus content compared to other meal-based fertilizers, and they are best suited for cash crops.
- The consumption value of oil cake organic fertilizers was valued at USD 860.5 million in 2022. These fertilizers are best suited in horticultural crops due to their slow release of nutrients.
- Major agricultural countries in the region, like India and China, have initiated various programs or schemes promoting organic farming and the application of sustainable agricultural inputs. The growing organic crop cultivation areas and the rising demand for organic commodities may drive the Asia-Pacific organic fertilizer market during the forecast period.
Understand The Key Trends Shaping This Market
- The Asia-Pacific region is rapidly becoming a hotspot in the global organic farming and organic fertilizer market. Major organic crops, like rice, sugarcane, and fresh fruits and vegetables, are grown across the region. China and India are emerging as leaders in organic production. While these two countries have a higher area under organic farming, it still accounts for less than 2.0% of the total agricultural area in these countries.
- The region has seen a significant increase in organic farming area over the last few years, growing from 4.9 million hectares in 2017 to 6.9 million hectares in 2021. This rising trend is driving the demand for organic fertilizers, which is estimated to increase by 73.1% by the end of the forecast period.
- Row crops dominate most countries in the Asia-Pacific region, accounting for about 67.7% of the total organic crop area. This dominance resulted in row crops having the highest consumption of organic fertilizers, accounting for a 79.7% share of the Asia-Pacific region's consumption by value in 2022.
- Various government bodies are encouraging organic or sustainable farming methods through various schemes or programs, including offering incentives for organic fertilizers. This trend is expected to drive the demand for organic fertilizers in the region.
- The Asia-Pacific region is witnessing substantial growth in the organic farming and organic fertilizer market. The region's increasing organic farming area, combined with various government incentives, is expected to drive the demand for organic fertilizers in the region over the forecast period.
