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.
Growth in organic food industry is driving the organic fertilizers market. Increased concern about environment has paved way for use of bio based organic fertilizers. Growth in rate of adoption of sustainable farming and increasing cost of chemical fertilizers are another demand driving factors of the market. Push from Governments in many developing countries for sustainable farming is expected to maintain steady 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 organic fertilizers market in North America 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 due to its diversified product application.
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.
North America is one of the regions with high product penetration given to the stringent environmental regulations and government support for organic agriculture. The consumption of organic fertilizers in the region is led by United States with the increasing cultivated lands under organic agriculture. The market in United States is forecasted to grow at a moderate CAGR while countries like Canada would show a higher growth rate. Investment in research and development of organic fertilizers is expected to expand market in North America and maintain a moderate growth rate.
Investment in research and development to introduce effective strains is the most sought after strategy of major players. The key players in the market are also focused on new product launch to cater to wider consumer base and expand market share in local market. All the major players have presence in North America and the regional market place is divided among the big players along with some regional players. The major players in the market are Biofertilizer A.G., Novozymes A.S., and Labiofam S.A. etc. Mergers and acquisitions and joint ventures are the preferred strategies adopted by major players to increase their respective market shares in the North America.
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
22.214.171.124 Increased practise of organic farming
126.96.36.199 Emphasis on sustainable 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 High R&D Costs & Low Product Availability
18.104.22.168 Organizations promoting organic agriculture
22.214.171.124 Product development and innovation
4.1.4 Porter's Five Forces Analysis
126.96.36.199 Bargaining Power of Suppliers
188.8.131.52 Bargaining Power of Buyers
184.108.40.206 Threat of New Entrants
220.127.116.11 Threat of Substitute Products
18.104.22.168 Degree of Competition
5. MARKET SEGMENTATION
5.1 By Type
22.214.171.124 Blue-green Algae
126.96.36.199 Phosphate solubilizing bacteria
5.1.2 Organic residues
188.8.131.52 Crop residues
184.108.40.206 Green manure
5.2 By Application
5.2.3 Fruits and Vegetables
5.3 By Geography
5.3.1 North 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 Nutramax Laboratories Inc.
7.7 Antibiotice S.A.
7.10 Agri Life
7.11 Premier Tech
7.13 Bio Protan
7.14 Circle-One Internatiomal, Inc.
7.15 Bio Nature Technology PTE Ltd.