The market across Asia-Pacific, followed by Europe and North America, dominated the market in 2021, holding more than half of the global phosphate rich organic manure (PROM) market. In addition, the region is expected to register the highest CAGR of 7.4% during the forecast period, owing to rise in population in the region and increased …
Tag Archives: Phosphate Rich Organic Manure (PROM) Market
Phosphate Rich Organic Manure Market Size Is Estimated To Grow With A CAGR of 6.5% from 2022 and 2031
Increase in demand for organic fertilizers and rise in government initiatives have boosted the growth of the global phosphate rich organic manure (PROM) market. However, low consumer awareness hinders the market growth. On the contrary, new product launches and production of PROM using vermicompost are expected to unlock new opportunities in the future. A complete …
Phosphate Rich Organic Manure Market: Analysis of Potential Market Opportunity Worth $5.7 Billion by 2031
The global phosphate rich organic manure (PROM) industry accounted for $2.8 billion in 2021, and is expected to reach $5.7 billion by 2031, growing at a CAGR of 6.5% from 2022 to 2031. Major determinants of the market growth Increase in demand for organic fertilizers and rise in government initiatives have boosted the growth of …