DUBLIN – (BUSINESS WIRE)–The “North America Organic Fertilizers Market – Growth, Trends, Impact of COVID-19, and Forecasts (2021-2026)” Report was added to ResearchAndMarkets.com to offer.
The North American organic fertilizer market was valued at $ 1,116.6 million in 2020 and is projected to reach $ 2,456.0 million by 2026 over the forecast period 2021-2026, recording a CAGR of 13.4% .
The COVID-19 pandemic had direct and negative effects on the value chain of the organic fertilizer market in North America. The lockdown in various countries including the United States, Canada and Mexico adversely affected the export-import scenario and the distribution system. Restricted movement across the region resulted in a shortage of raw materials needed to make fertilizers. This meant that the raw material supply was used for further production.
The United States and Canada are the main organic fertilizer markets in North America. Achieving the goals of rural development and sustainable growth by improving land management, conserving biodiversity and promoting resource efficiency help create a favorable environment for organic fertilizers and fertilizers.
Government policies and easier registration procedures in North American countries such as the United States and Canada favor the organic fertilizer industry. For example, in the United States, the registration process is done at the state level, and organic fertilizers are registered under soil additives because they contain organic constituents. The favorable government policy for organic farming also benefits the organic fertilizer market directly.
California Organic Fertilizers Inc.
Kiwa Bio-Tech Products Group Corporation
Rizobacter Argentina SA
BioFert Manufacturing Inc.
Fertilizers USA LLC
Agricultural Solutions Inc.
Nutrein (Actagro LLC)
Market participants enter into distribution agreements with local retailers to expand their presence in the region.
Important market trends
Increased demand for quality and high crop yields
The growing population in North America is leading to a decrease in the amount of arable land used primarily for food production. This requires cultivation on poor soil. The use of biological organic fertilizers helps to increase the yield and the quality of the soil. Therefore, the use of organic organic fertilizers improves the availability of nutrients of all kinds. This in turn is said to contribute to productivity, nutrient content and profitability.
In addition, organic and organic fertilizers are less responsive to soil conditions and can significantly improve nutrient uptake and use efficiency. This is intended to improve the quality of the harvest. When used properly, organic fertilizers to replenish nutrients removed in previous crop cycles will improve farm productivity. Increasing agricultural productivity is beneficial to the environment, mainly due to the lower need for land, labor and energy per unit of production.
According to the Research Institute for Organic Agriculture (FiBL), the organic acreage in North America has increased from 3130,331 hectares in 2016 to 38,38,393 hectares in 2020.Cultivation and growing demand for high quality crops, farmers are expected to use organic fertilizers instead use of synthetic fertilizers.
Growing consumption of organic food in the US
Organic food is food that is produced according to organic farming standards. These agricultural standards are regulated by the government agency responsible for them and contain regulations for the cultivation of food and animal welfare. In particular, the use of chemical fertilizers, synthetic pesticides, growth hormones and antibiotics is not or only partially allowed.
In the United States, organic food sales have seen tremendous growth over the past decade. For this reason, not only specialist retailers sell organic food, but also classic supermarkets and discounters. Well-known organic retailers in the US include Whole Foods Market and Sprouts Farmers Market. Whole Foods Market is the largest specialist organic retailer in the United States, headquartered in Austin, Texas.
Due to the fact that organic foods are healthier and more nutritious compared to conventionally grown products, there has been an increase in the consumption of clean, organic products, which has led to an increase in organic food sales in the United States. According to the Organic Trade Association, US organic food sales in 2020 were approximately $ 56.4 billion, compared to $ 43 billion in 2016. This is increasing US public awareness of the consumption of Organic foods, the country is seeing an expansion in organic farming, which is likely to fuel the organic fertilizer market in North America over the forecast period.
Key topics covered:
1 market dynamics
1.1 Market overview
1.2 Market drivers
1.3 Market Restrictions
1.4 Porter’s Five Forces Analysis
2 market segmentation
2.1.1 Organic residues
2.2.1 Grain and Grain
2.2.2 Legumes and oilseeds
2.2.3 Crop plants
2.2.4 Fruit and vegetables
2.2.5 Other uses
2.3.1 United States
2.3.4 Rest of North America
3 competitive landscape
4 Market Opportunities and Future Trends
5 Effects of COVID-19 on the Industry
For more information on this report, see https://www.researchandmarkets.com/r/vrun9j