Organic fertilizer is applied in bulk or in concentrate depending on the nutrient level content in the particular concentration of product ingredients. These are low cost renewable sources of plant nutrients which supplement chemical fertilizers. The selected strains of beneficial soil microorganisms used either for seed treatment or soil application are particularly gaining momentum among farming community.
Focus on organic cultivation and the need for sustainable farming practices are the major reasons for a growing consumption of organic fertilizers in Africa. Various government subsidies and initiatives in developing countries for sustainable organic farming is expected to maintain continuous growth in the market. Less awareness among the farmers especially is restraining the growth of the market. The developing and untapped markets of Africa would provide substantial growth opportunity for the market.
The regional organic fertilizers market is divided into two major segments namely organic residue based fertilizers and microorganism (biofertilizers) depending on the source of nutrients and raw materials. More than half of the market share is covered by microorganism based organic fertilizers.
By means of microorganisms, nitrogen fixing bacteria such as rhizobium, azotobacter are widely applied and account for major market share. Organic residue based fertilizers are classified into farm yard manure (FYM), crop residues and green manure etc. depending on the source of raw material. By application in crops, the market is segmented into crop based and non-crop based applications.
The consumption of organic fertilizers in Africa is expected to increase with rising awareness among the farmers about the benefits of bio based and organic residue based fertilizers. The regional demand is led by countries like South Africa.
The key players in the market are focused on new product launch to cater to wider consumer base and expand market share in local market. The major players in the market are CBF China Biofertilizer A.G., Novozymes A.S., Rashtriya Chemicals & Fertilizers Ltd and Agri Life etc.
1.1 Key Deliverables of the study
1.2 Study Assumptions
1.3 Market Definition
2. Research Approach & Methodology
2.2 Research Designs
2.3 Study Timelines
2.4 Study Phases
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering and Econometric Modelling
2.4.4 Expert Validation
3. KEY FINDINGS OF THE STUDY
4. MARKET OVERVIEW
4.1 Market Dynamics
126.96.36.199 Increased practise of organic farming
188.8.131.52 Government support to the manufacturers
184.108.40.206 High synthetic fertilizers demand and easy regulatory structure
220.127.116.11 Less awareness among farmers about application and benefits
18.104.22.168 Organizations promoting organic agriculture
4.1.4 Porter's Five Forces Analysis
22.214.171.124 Bargaining Power of Suppliers
126.96.36.199 Bargaining Power of Buyers
188.8.131.52 Threat of New Entrants
184.108.40.206 Threat of Substitute Products
220.127.116.11 Degree of Competition
5. MARKET SEGMENTATION
5.1 By Type
18.104.22.168 Blue-green Algae
22.214.171.124 Phosphate solubilizing bacteria
5.1.2 Organic residues
126.96.36.199 Crop residues
188.8.131.52 Green manure
5.2 By Application
5.2.3 Fruits and Vegetables
5.3 By Geography
184.108.40.206 South Africa
6. Competitive Landscape
6.1 Mergers & Acquisitions
6.2 Joint Ventures
6.3 New Product Launches
6.4 Most active companies in the past five years
6.5 Market Share Analysis
7. Company Profiles
7.1 Novozymes A/S
7.2 Rizobacter Argentina S.A.
7.3 Lallemand Inc.
7.4 T Stanes & Company Limited
7.5 Camson Bio Technologies Limited
7.6 Nutramax Laboratories Inc.
7.9 Agri Life
7.10 Biofosfatos do Brasil
7.12 Bio Protan
7.13 Bio Nature Technology PTE Ltd.