The cereal & grains segment held the highest market share, holding more than half of the global organic fertilizers market. However, the fruits & vegetable segment is expected to manifest the fastest CAGR of 6.3% during the forecast period.
Allied Market Research published a new report, titled, “Organic Fertilizers Market by Source (Plant, Animal, and Mineral), Crop Type (Cereal & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others), Form (Dry and Liquid), and Nutrient Content (Presence of Organic Substance up to 60%, Presence of Organic Substance from 40% to 60%, and Presence of Organic Substance from 20% to 40%): Global Opportunity Analysis and Industry Forecast, 2021-2030.” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.
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The growth of the organic fertilizers market is attributed to increase in focus of farmers toward agricultural expansion, increase in productivity and change in attitude toward agriculture as a crucial contributor to the economy. On the other hand, climatic challenges hamper the market. On the contrary, increase in demand for organic fertilizers produces lucrative opportunities.
This makes it important to understand the practical implications of the organic fertilizers market. To gain a competitive advantage, the players must have something unique. By tapping into the untapped market segment, they can establish a relevant point of differentiation, and this report offers an extension analysis of untapped segments to benefit the market players and new entrants to gain the market share.
As per the report published by Allied Market Research, the global organic fertilizers market generated $8.3 billion in 2020, and is expected to generate $15.9 billion by 2030, manifesting a CAGR of 5.9% from 2021 to 2030.
KEY MARKET PLAYERS:
The report provides the SWOT analysis of the key market players including International ALPHA BIOGREEN SDN BHD, BACONCO CO., LTD., BIO-FLORA (SINGAPORE) PTE LTD., CROPAGRO.COM, CROPMATE FERTILIZERS SDN BHD, PT. JADI MAS, PT PUPUK KALIMANTAN TIMUR AND SUBSIDIARIES, PT. TRIDHARMA TATA PERKASA, SONGGIANH CORPORATION. which gives the business overview, financial analysis, and portfolio analysis of products and services. The latest news related to industry developments in terms of market expansions, acquisitions, growth strategies, joint ventures, collaborations, product launches, market expansions etc. are included in the report for the better understanding of the stakeholders in framing strategic decisions to gain long term profitability and market share.
The plant segment held the largest share in 2020, contributing to more than half of the global organic fertilizers market. The mineral segment, on the other hand, is expected to cite the fastest CAGR of 6.2% during the forecast period.
NEED FOR THE REPORT:
The current situation of pandemic makes it very important for the stakeholders in the organic fertilizers market to understand the market deeply, which will help them in taking sound decisions, to gain the competitive advantage. By exploring the unexplored areas of market, the key players can surely gain a larger market share.
The market across Asia-Pacific, followed by North America, dominated the market with a major share in 2020, holding nearly three-fifths of the global organic fertilizers market. The same province is also expected to witness the fastest CAGR of 6.1% from 2021 to 2030.
KEY OFFERINGS OF THE REPORT:
- Key drivers & Opportunities: An extensive analysis on key factors and opportunities available in different segments for strategizing.
- Current trends & forecasts: A comprehensive analysis on latest trends, and forecasts for next few years to frame strategic decisions as a next step.
- Segmental analysis: An extensive analysis of each segment and driving factors such as revenue and growth rate is offered.
- Regional Analysis: A thorough analysis of each geographic region can help market players devise expansion strategies and gain from the opportunity.
- Competitive Landscape: Useful insights on each of the leading market players for outlining competitive scenario and related strategies have been offered in the report.
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