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 South America. Increasing cost of chemical fertilizers along with chemical toxicity of chemical inputs pave the way for shifting to safer application of organic fertilizers. 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 South America 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. Application of these fertilizers is more in oil seed crops and perennial crops like fruits and vegetables.
The consumption of organic fertilizers in South America 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 major export based agriculture regions of Brazil and Argentina.
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 market place is fragmented due to the presence of number of local manufacturers. Most active companies in the South American biological organic fertilizer market are- Bonafrux Agricola Ltda., Subir Comcio E Represent., Nutriorganica, Organics Brasil and Tecbox Rio - High Quality Organic Brazilians 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
188.8.131.52 Increased practise of organic farming
184.108.40.206 Hazards of chemical fertilizers
220.127.116.11 Government support to the manufacturers
18.104.22.168 High synthetic fertilizers demand and easy regulatory structure
22.214.171.124 Less awareness among farmers about application and benefits
126.96.36.199 Organizations promoting organic agriculture
188.8.131.52 Untapped South American market
4.1.4 Porter's Five Forces Analysis
184.108.40.206 Bargaining Power of Suppliers
220.127.116.11 Bargaining Power of Buyers
18.104.22.168 Threat of New Entrants
22.214.171.124 Threat of Substitute Products
126.96.36.199 Degree of Competition
5. MARKET SEGMENTATION
5.1 By Type
188.8.131.52 Blue-green Algae
184.108.40.206 Phosphate solubilizing bacteria
5.1.2 Organic residues
220.127.116.11 Crop residues
18.104.22.168 Green manure
5.2 By Application
5.2.3 Fruits and Vegetables
5.3 By Geography
5.3.1 South America
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 Rashtriya Chemicals & Fertilizers Ltd
7.7 Nutramax Laboratories Inc.
7.8 Antibiotice S.A.
7.9 Biofosfatos do Brasil
7.11 Bio Protan
7.13 Bonafrux Agricola Ltda.
7.14 Subir Comcio E Represent.
7.16 Organics Brasil
7.17 Tecbox Rio - High Quality Organic Brazilians