The global market for organic fertilizers is estimated at USD 7.9 billion in 2024 and is projected to reach USD 13.6 billion by 2029, at a CAGR of 11.5% during the forecast period.
Conventional farming’s reliance on synthetic fertilizers poses significant risks to soil health, water quality, and biodiversity. In contrast, organic fertilizers sourced from natural origins offer a more sustainable alternative, reducing chemical runoff and environmental damage. As consumers increasingly prioritize sustainably produced goods without synthetic additives, the surge in demand for organic food directly impacts the need for organically cultivated crops, thus driving the market for organic fertilizers.
This trend is underscored by the significant increase in organic food sales, with the Organic Trade Association reporting that organic food sales in the United States surpassed USD 60 billion in 2022, marking another milestone for the resilient organic sector. Total organic sales, inclusive of non-food organic products, reached a record-breaking USD 67.6 billion, highlighting the growing momentum toward environmentally friendly and health-conscious consumption habits.
By crop type, fruits & vegetables are estimated to grow at the highest CAGR during the forecast period.
The burgeoning consumer preference for organic fruits and vegetables stems from heightened health awareness and apprehensions regarding chemical residues found in conventionally cultivated produce. As consumers increasingly recognize the advantages of organic farming methods, they exhibit a growing willingness to pay premium prices for organic fruits and vegetables. This escalating demand is fueling the necessity for organic fertilizers to bolster the cultivation of these crops.
Moreover, the abbreviated growth cycles inherent to fruits and vegetables, in contrast to grains or oilseeds, facilitate swifter turnover and accelerated returns on investment for farmers embracing organic practices. Additionally, the typically elevated market prices commanded by fruits and vegetables compared to other crop varieties furnish farmers with heightened incentives to embrace organic production techniques. This confluence of factors underscores the anticipated surge in demand for organic fertilizers in the fruits and vegetables segment of the market during the forecast period.
By form, the dry segment is estimated to dominate the organic fertilizers market.
The growth in North America can be attributed to several factors, including increasing consumer awareness and demand for organic products, stringent regulations promoting sustainable agricultural practices, and a shift towards environmentally friendly farming techniques. Additionally, the region’s advanced agricultural infrastructure and technological innovations further propel the adoption of organic fertilizers among farmers.