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.
Increased practices of organic cultivation and focus on environmentally sustainable farming are the major reasons for a growing consumption of organic fertilizers in Asia-Pacific. Increasing cost of chemical fertilizers is another demand driving factor for the cost sensitive market of Asia-Pacific to opt for organic fertilizers. Push from Governments in many developing countries for sustainable farming is expected to maintain high growth in the market. Less awareness among the farmers especially in developing countries is restraining the growth of the market. The developing countries of Asia-Pacific 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; the market is estimated to grow at the CAGR of 14.2% during the forecast period of 2015-2020 and is estimated to reach $18,148.3 million by 2020.
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 cereal crops and the segment accounts for around 40% of the market share. Fruits and vegetables are the second largest and fastest growing segment.
The consumption of organic fertilizers in Asia-Pacific 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 concentrated among major agriculture based countries like China, India, Thailand and Vietnam while China and India are leading the market developments.
The organic fertilizer market in Asia-Pacific is the fastest growing among all the other regions. 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. Major global players are trying to enter the Asian market and the regional market place is fragmented with the presence of many active small scale local players. The major players in the market are CBF China Biofertilizer A.G., Novozymes A.S., Rashtriya Chemicals & Fertilizers Ltd and Agri Life etc. Some of the regional players with considerable market share are- Baconco Vietnam, BIOWAY-ORGANIC 5C, Shanghai Megchem Company ltd 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
220.127.116.11 Increased practise of organic farming
18.104.22.168 Emphasis on sustainable farming
22.214.171.124 Government support to the manufacturers
126.96.36.199 High synthetic fertilizers demand and easy regulatory structure
188.8.131.52 Less awareness among farmers about application and benefits
184.108.40.206 Organizations promoting organic agriculture
220.127.116.11 Untapped Asia-Pacific market
4.1.4 Porter's Five Forces Analysis
18.104.22.168 Bargaining Power of Suppliers
22.214.171.124 Bargaining Power of Buyers
126.96.36.199 Threat of New Entrants
188.8.131.52 Threat of Substitute Products
184.108.40.206 Degree of Competition
5. MARKET SEGMENTATION
5.1 By Type
220.127.116.11 Blue-green Algae
18.104.22.168 Phosphate solubilizing bacteria
5.1.2 Organic residues
22.214.171.124 Crop residues
126.96.36.199 Green manure
5.2 By Application
5.2.3 Fruits and Vegetables
5.3 By Geography
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 Lallemand Inc.
7.3 National Fertilizers Limited
7.4 Madras Fertilizers Limited
7.5 Gujarat State Fertilizers & Chemicals Ltd
7.6 T Stanes & Company Limited
7.7 Camson Bio Technologies Limited
7.8 Rashtriya Chemicals & Fertilizers Ltd
7.9 Nutramax Laboratories Inc.
7.10 Antibiotice S.A.
7.12 Agri Life
7.13 Premier Tech
7.14 Biofosfatos do Brasil
7.15 Bio Nature Technology PTE Ltd.
7.17 Baconco Vietnam
7.18 BIOWAY-ORGANIC 5C
7.19 Shanghai Megchem Company ltd
7.20 CBF China Biofertilizer A.G