Global Organic Fertilizers Market to Reach US$ 10.23 Billion by 2025
Belgium will continue to be the largest exporter of organic fertilizers, with total exports totalling 1.15 million tonnes in 2015. Netherlands and the U.S. will be the other two key exporters. In terms of imports, France continues to be the largest market globally. Global organic fertilizer demand was pegged at 17 million tonnes in 2016. In terms of value, the market was valued at US$ 5.57 billion. Persistence Market Research projects the market to grow at 7% CAGR through 2025 and reach US$ 10.23 billion. Key Drivers Government initiatives and subsidies promoting the use of organic fertilizers. For instance, in the EU, government is promoting organic sector via conversion subsidies and large subsidies on agricultural inputs. Rising awareness among consumers about organically produced food will continue to provide growth opportunities. From a US$ 15 billion market in 1999, the global organic food and drink market has grown to become a US$ 80 billion market in 2014. Organic fertilizers don’t cause the same level of damage to the environment as conventional fertilizers. This is promoting their adoption among end-users.