North America Organic Fertilizers Market: Introduction
In
terms of value, the organic fertilizers market in North America is anticipated to expand at a
CAGR of ~7% from 2020 to 2030. Constant
growth in the food & beverages industry in North America has augmented the
demand for organic food products in the region. Rise in awareness about organic
food products and their health benefits is a key factor driving the organic
food industry in the region. This, in turn, is boosting organic farming
activities, thereby augmenting the consumption of organic fertilizers in North
America. North America has abundant availability of raw materials that
are used in the manufacture of organic fertilizers. These include plant waste,
animal farming waste, processing industry waste, and resident sanitary waste.
Production of organic fertilizers in North America is estimated to increase
significantly during the forecast period owing to the large-scale supply of
organic wastes throughout the region.
Long
Periods for End Results and High Overall Cost of Organic Fertilizers to Hamper
Market
Organic
fertilizers are slow release fertilizers. The time required to get the end
results with organic fertilizers is much longer than the time required with
chemical fertilizers. Organic fertilizers cannot be employed in applications
requiring immediate results. These fertilizers sometimes carry the risk of
toxic overdose of chemicals. Organic fertilizers need to be broken down
chemically to release nutrients in order to get absorbed by crops. Some organic
fertilizers with fresh manure can even carry parasites that can harm the crops.
Essential nutrients such as nitrogen, phosphorous, and potassium are present in
unequal quantities in organic fertilizers. As a result, despite being cheaper
in per unit cost than chemical fertilizers, the overall cost of using organic
fertilizers proves to be costly, as more quantities of fertilizer are required
to meet the specific nutrient requirement.
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The
ongoing COVID-19 pandemic has adversely impacted the economy of North America.
The epidemic that originated in China is spreading at an alarming pace in
countries in North America, especially the U.S. According to The National
Association of Printing Ink Manufacturers (NAPIM), the COVID-19 pandemic has
adversely affected the supply of raw materials used in the manufacture of
organic fertilizers. Industrial shutdown in the U.S. has not only negatively
impacted the production of organic fertilizers, but has also hampered the sales
of fertilizer products in the country. This is likely to hinder the demand for
organic fertilizers in North America in the next few years.
Nitrogen
Fertilizers to Dominate North America Organic Fertilizers Market
In
terms of product type, the organic fertilizers market in North America has been
divided into nitrogen fertilizers, phosphate fertilizers, potassium
fertilizers, ferrous fertilizers, zinc fertilizers, and others. In terms of
revenue, the nitrogen fertilizers segment dominated the organic fertilizers
market in North America in 2019.
The phosphate fertilizers segment also held key share of the organic
fertilizers market in North America in 2019. Demand for phosphate fertilizers
is expected to increase substantially in the region by 2030.
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Plant
Segment to Offer Lucrative Opportunities
In
terms of source, the organic fertilizers market in North America has been
classified into plant, animal, mineral, and others. The animal segment
dominated the organic fertilizers market in the region in terms of revenue
in 2019. The
plant segment is expected to be highly lucrative from 2020 to 2030. Plant-based
organic fertilizers are derived from various materials including cottonseed
meal, molasses, legume cover crops, green manure cover crops, kelp seaweed,
alfalfa meal, and compost tea. Key nutrients available in plant-based organic
fertilizers include nitrogen, phosphorous, potassium, trace minerals, and
micronutrients. Plant-based fertilizers improve moisture retention in soils.
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Fruits
& Vegetables to be Dominant Crop Type
Based
on crop type, the organic fertilizers market in North America has been
segregated into cereals & grains, oilseeds & pulses, fruits &
vegetables, landscaping/gardens, and others. The fruits & vegetables
segment held major share of the organic fertilizers market in North America
in 2019.
It is anticipated to continue its dominance in the market from 2020 to 2030. Organic
fertilizers are widely used in the production of organic fruits and vegetables.
Rise in demand for organic fruits and vegetables is driving the segment.
U.S.
to be Lucrative Country of North America Organic Fertilizers Market
Based
on country, the organic fertilizers market in North America has been bifurcated
into the U.S. and Canada. The organic fertilizers market in the U.S. is
projected to expand at a CAGR of more than 7% during the forecast period.
The demand for organic fertilizers in the U.S. is driven by increase in
demand for organic food in the country. The U.S. is focusing on optimizing the
efficiency of raw materials and energy. The usage of plant & animal based
raw materials has been rising in the manufacture of organic fertilizers in the
country. Moreover, the implementation of stringent regulations related to the
usage of synthetic fertilizers is also driving the organic fertilizers market
in North America.
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Competition
Landscape
The
organic fertilizers market in North America was fragmented with the presence of
small and medium scale fertilizer manufacturers in 2019. The
U.S. has been a lucrative country of the organic fertilizers market in North
America since the last few years. Leading players have taken initiatives to
expand their presence through acquisitions, increase of production capacity,
and strategic partnerships. In May
2019, Italpollina, a U.S.-based producer of organic
fertilizers, acquired Horticultural Alliance Inc.
In March 2019, Fertoz,
an organic phosphate development company, announced that it had completed the
distribution agreement with Federated Co-operatives Ltd (FCL). In 2017, Valencia
Ventures Inc. signed an agreement to acquire EarthRenew, a Canada-based organic
fertilizer company.
Key
manufacturers operating in the organic fertilizers market in North America are Fertoz, Ecoson, California
Organic Fertilizers, Inc., Italpollina S.p.A., True Organic Products, Inc.,
Sigma AgriScience, LLC, Soda Springs Phosphate Inc., Suståne Natural
Fertilizer, Inc., Midwestern BioAg Inc., and Westbridge Agricultural Products.
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