Biological Organic Fertilizers Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Market Overview

The biological organic fertilizer market is projected to grow at a CAGR of 13.3% during the forecast year (2021-2026). The COVID-19 pandemic has impacted the biological organic fertilizer market, resulting in the slow growth of the market during the forecast period. With the effective policies from the government and  implementation of suitable practices can help companies to gain profits post the immediate effects of the pandemic. The increased practice of organic farming is one of the major factors behind the growth of the biological organic fertilizer market. The emphasis on sustainable farming and government support to the manufacturers are two other factors that are augmenting the growth of the market. Asia-Pacific and Europe are the largest markets followed by North America. In middle-east and Africa, there has been a development of a new biofertilizer by Iranian researchers at the Agricultural Research, Education, and Extension Organization (AREEO), from the sulfur removed from refining oil and gas.

Scope of the Report

Organic fertilizers are derived from many animal and plant-based residues and mineral ores; they are also developed from beneficial microorganisms. Biofertilizers or microbial inoculants are carrier-based ready-to-use live bacterial or fungal formulations, which on application to plants, soil or composting pits, helps in mobilization of various nutrients by their biological activity. Biological organic fertilizers add nutrients through the natural processes of fixing atmospheric nitrogen, solubilizing phosphorus and stimulating plant growth through the synthesis of growth-promoting substances. Biological Organic Fertilizers Market is segmented by type into the microorganism and organic residues, by application into grains and cereals, pulses and oilseeds, fruits and vegetables, commercial crops, and turf and ornamentals, and by geography into North America, Europe, Asia-Pacific, South America, and Africa.

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Key Market Trends

Increasing demand for quality and higher crop yields

As per the report published by the Food and Agriculture Organization (FAO), the land equipped for irrigation is expected to expand by 32.0 million hectares (11.0%), while harvested irrigated land is expected to expand by 17.0% by 2050. These scenarios are expected to be witnessed in developing countries, which is leading to an insufficient nutrient supply to the crops. This, in turn, is resulting in a lower yield of crops, along with a decline in the quality of the final product. The growing population across the world is leading to a decline in the proportion of arable land, which is primarily used to produce food. This is necessitating cultivation in poor soils. The application of biological organic fertilizers helps in enhancing the yield and the quality of the soil. Therefore, the application of biological organic fertilizers is expected to improve the bioavailability of all kinds of nutrients. This, in turn, is expected to contribute to productivity, nutrient content, and profitability. Moreover, biological organic fertilizers are less reactive to soil conditions and can significantly enhance nutrient uptake and utilization efficiencies. This is expected to improve the quality of the crop. When biological organic fertilizers are properly used to replenish nutrients removed in previous crops, they are expected to improve the productivity of farms. An increase in farm productivity is beneficial to the environment, primarily due to the lower requirement of land, labor, and energy per unit of output. Owing to the increasing organic area under cultivation, coupled with the increasing demand for good-quality crop, the cultivators are expected to use biological organic fertilizers, instead of excessive synthetic fertilizers.

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