The global green manure market size was estimated at USD 1,880.3 million in 2020 and is projected to register a CAGR of 4.5 %, to reach USD 2,677.5 million by 2028. However, due to the COVID-19 impact, the market size was affected, and estimated a market size of USD 1,868.9 million in 2020 and is projected to register a CAGR of 4.1 % to reach USD 2,583.1 million by 2028. Green manures are considered environmental-friendly, as they promote soil health. Green manure helps retain more moisture and nutrients, loosen the soil, and promote the healthy growth of microorganisms, all of which contribute to plant health. Moreover, the use of green manure significantly decreases the need for pesticides that contain both beneficial and harmful chemicals for the soil.
In addition to these, an increase in the sale of organic food, particularly in the Asia Pacific and Europe as people are becoming more aware of the health benefits of eating organic food, is increasing the use of green manure in organic farming. This is expected to further enhance market growth over the forecast period. However, green manure market in very unorganized as the abundant availability of sources globally. Thus, most of the times, farmers and cultivators doesn’t need to buy green manure products from manufacturers or distributers but can grow themselves and further can be utilized according to their own requirement.
This research report categorizes the market for green manure based on various segments and region and forecasts revenue growth and analysis of trends in each of the sub-markets. The report analyses the key growth drivers, opportunities and challenges which influence the green manure market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger and acquisition have been included in order to draw the competitive landscape in the green manure market. The report strategically identifies and profiles the key market players and analyses their core competencies in each segment such as source, type, form, distribution channel, and application of the green manure market.
Based on source, the market is divided into sunhemp, dhaincha, sesbania, and others. Among these, the dhaincha segment is expected to hold the largest market share during the forecast period. Dhaincha can be grown all year if there is enough moisture in the soil. It not only improves physical properties of the soil, but also helps in meeting the nitrogen needs of the subsequent crops. It can be grown in a variety of soil types. When grown in sandy loam to loamy soils, it produces the best results. Green manure produced from dhaincha yields 12-15 tonnes per hectare with seeding at a rate of 35-40 kg/ha.
Based on type, the global green manure market is bifurcated into leguminous and non-leguminous. The leguminous segment was estimated to account for the largest share in the global green manure market in 2020. Leguminous crops fix nitrogen from the atmosphere, release high concentrations of organic nutrient into the soil, and improve soil nutrient circulation and water retention. Legumes have a lot of potential for conservation agriculture due to their multiple functions. They can be used as a growing crop or even as crop residue.
Based on form, the market is divided into dry and liquid. The dry segment has been estimated to hold the largest market share during the forecast period. Dry green manure can be made up of a single ingredient or a combination of ingredients. These dry forms of green manure are less expensive than the liquid form, but they must be used in larger quantities, as they are not completely absorbed by the crops. Almost all dry green manures provide a wide range of nutrients. A few dry green manure with a balanced ratio of nitrogen, phosphate, and micronutrients are also available. They are popular among farmers, as they do not necessitate the use of high-tech machines for the dry green manure application.
Based on application, the market is divided into grains and cereals, pulses and oilseeds, fruits and vegetables, and others. The grains and cereals segment was estimated to hold the largest market share in the global green manure market in 2020. Rice ranked first among cereal crops in terms of the volume of production in 2014, according to the Food and Agricultural Organization. Cereals are one of the most important staple crops around the world. Green manures aid in the efficient absorption of nutrients by cereal crops. Green manures are one of the most important aspects of nutrient management, as they are renewable and less expensive than synthetic fertilizers. Green manures promote plant growth and yield while also improving soil health and fertility. They also aid in improving disease resistance in crops, thereby lowering crop protection chemical costs.
Based on the distribution channel, the market is divided into online and offline. The offline segment is estimated to hold the largest market share during the forecast period. However, the online segment is expected to grow at the highest CAGR of 4.7% during the forecast timeframe. The industry of green manure is offline-intensive and transparent. The offline channel necessitates a significant time investment by the buyer and high selling costs, as well as extensive market knowledge on the seller's part. Therefore, with the proliferation of smart devices and internet connectivity, the online distribution channel is expected to grow at a faster rate between 2020 and 2028. This distribution channel has the benefit of enabling a broader exposure to the product produced by the manufacturers. Furthermore, it provides a secondary channel for product marketing and sales, resulting in lower marketing costs. It serves as an additional channel for product marketing and sales, with lower marketing costs than the traditional offline sales channels. Moreover, the online channel offers a fair review of the services and products that foster confidence in customers/clients, allowing them to increase their profit margins.
By region, the global green manure market is segmented as North America, Europe, Asia Pacific, Middle East & Africa, and South America. The Asia Pacific region was estimated to account for the largest share in the global green manure market in 2020. The presence of key manufacturers in the APAC region may help maintain the region's dominant market position. Furthermore, there is a rising demand for food due to increasing population in developing countries, such as India and China, as well as the easy availability of raw materials in these countries. In addition, several government initiatives in developing countries, such as India and China, to improve crop yields, as well as rising rice demand and supply, will contribute to green manure market growth in the region.
In addition to these, an increase in the sale of organic food, particularly in the Asia Pacific and Europe as people are becoming more aware of the health benefits of eating organic food, is increasing the use of green manure in organic farming. This is expected to further enhance market growth over the forecast period. However, green manure market in very unorganized as the abundant availability of sources globally. Thus, most of the times, farmers and cultivators doesn’t need to buy green manure products from manufacturers or distributers but can grow themselves and further can be utilized according to their own requirement.
This research report categorizes the market for green manure based on various segments and region and forecasts revenue growth and analysis of trends in each of the sub-markets. The report analyses the key growth drivers, opportunities and challenges which influence the green manure market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger and acquisition have been included in order to draw the competitive landscape in the green manure market. The report strategically identifies and profiles the key market players and analyses their core competencies in each segment such as source, type, form, distribution channel, and application of the green manure market.
Based on source, the market is divided into sunhemp, dhaincha, sesbania, and others. Among these, the dhaincha segment is expected to hold the largest market share during the forecast period. Dhaincha can be grown all year if there is enough moisture in the soil. It not only improves physical properties of the soil, but also helps in meeting the nitrogen needs of the subsequent crops. It can be grown in a variety of soil types. When grown in sandy loam to loamy soils, it produces the best results. Green manure produced from dhaincha yields 12-15 tonnes per hectare with seeding at a rate of 35-40 kg/ha.
Based on type, the global green manure market is bifurcated into leguminous and non-leguminous. The leguminous segment was estimated to account for the largest share in the global green manure market in 2020. Leguminous crops fix nitrogen from the atmosphere, release high concentrations of organic nutrient into the soil, and improve soil nutrient circulation and water retention. Legumes have a lot of potential for conservation agriculture due to their multiple functions. They can be used as a growing crop or even as crop residue.
Based on form, the market is divided into dry and liquid. The dry segment has been estimated to hold the largest market share during the forecast period. Dry green manure can be made up of a single ingredient or a combination of ingredients. These dry forms of green manure are less expensive than the liquid form, but they must be used in larger quantities, as they are not completely absorbed by the crops. Almost all dry green manures provide a wide range of nutrients. A few dry green manure with a balanced ratio of nitrogen, phosphate, and micronutrients are also available. They are popular among farmers, as they do not necessitate the use of high-tech machines for the dry green manure application.
Based on application, the market is divided into grains and cereals, pulses and oilseeds, fruits and vegetables, and others. The grains and cereals segment was estimated to hold the largest market share in the global green manure market in 2020. Rice ranked first among cereal crops in terms of the volume of production in 2014, according to the Food and Agricultural Organization. Cereals are one of the most important staple crops around the world. Green manures aid in the efficient absorption of nutrients by cereal crops. Green manures are one of the most important aspects of nutrient management, as they are renewable and less expensive than synthetic fertilizers. Green manures promote plant growth and yield while also improving soil health and fertility. They also aid in improving disease resistance in crops, thereby lowering crop protection chemical costs.
Based on the distribution channel, the market is divided into online and offline. The offline segment is estimated to hold the largest market share during the forecast period. However, the online segment is expected to grow at the highest CAGR of 4.7% during the forecast timeframe. The industry of green manure is offline-intensive and transparent. The offline channel necessitates a significant time investment by the buyer and high selling costs, as well as extensive market knowledge on the seller's part. Therefore, with the proliferation of smart devices and internet connectivity, the online distribution channel is expected to grow at a faster rate between 2020 and 2028. This distribution channel has the benefit of enabling a broader exposure to the product produced by the manufacturers. Furthermore, it provides a secondary channel for product marketing and sales, resulting in lower marketing costs. It serves as an additional channel for product marketing and sales, with lower marketing costs than the traditional offline sales channels. Moreover, the online channel offers a fair review of the services and products that foster confidence in customers/clients, allowing them to increase their profit margins.
By region, the global green manure market is segmented as North America, Europe, Asia Pacific, Middle East & Africa, and South America. The Asia Pacific region was estimated to account for the largest share in the global green manure market in 2020. The presence of key manufacturers in the APAC region may help maintain the region's dominant market position. Furthermore, there is a rising demand for food due to increasing population in developing countries, such as India and China, as well as the easy availability of raw materials in these countries. In addition, several government initiatives in developing countries, such as India and China, to improve crop yields, as well as rising rice demand and supply, will contribute to green manure market growth in the region.
WHAT THIS STUDY PROVIDES
- Green manure market and sub-market forecast covering the period of 2017 to 2028, with accompanying analysis
- Extensive details and analysis of contracts, projects, and programs
- Analysis of game-changing technological trends and how these will shape the industry
- Explanation or political, regulatory and technical factors to consider
- Barriers to entry analysis for markets around the world
- Profiles of leading companies operating within the sector with market share analysis
- SWOT analysis of the major strengths and weaknesses of the market, together with the opportunities available and the key threats faced
- Market conclusions & recommendations
KEY QUESTIONS ANSWERED BY THIS REPORT
- How the green manure market is evolving?
- What is driving and restraining factors for global green manure market?
- How will each green manure sub-market segment grow over the forecast period and how much sales will these sub-markets account for in 2028?
- How will market shares of each green manure sub-market develop from 2017-2028?
- Which green manure sub-market will be the main driver of the overall market from 2017-2028?
- How will political and regulatory factors influence regional green manure markets and sub-markets?
- Will leading national green manure broadly follow macroeconomic dynamics, or will individual country sectors outperform the rest of the economy?
- How will market shares of the national markets change by 2028 and which nation will lead the market in 2028?
- Who are the leading players and what are their prospects over the forecast period?
- How will the sector evolve as alliances form during the period between 2017 and 2028?
Frequently Asked Questions about the Green Manure Market
What is the estimated value of the Green Manure Market?
What is the growth rate of the Green Manure Market?
What is the forecasted size of the Green Manure Market?
Who are the key companies in the Green Manure Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 160 |
| Published | March 2021 |
| Forecast Period | 2017 - 2028 |
| Estimated Market Value ( USD | $ 1764.1 Million |
| Forecasted Market Value ( USD | $ 2583.1 Million |
| Compound Annual Growth Rate | 3.5% |
| Regions Covered | Global |
Table of Contents
1 Market Abstract
2 Market Introduction
3 Research Practice
4 Key Related Data
5 Impact Factor Analysis
6 Market Development Analysis
7 Green Manure Market, by Source
8 Green Manure Market, by Type
9 Green Manure Market, by Form
10 Green Manure Market, by Application
11 Green Manure Market, by Distribution Channel
12 Green Manure Market, Regional Analysis
13 Company Profile
14 Appendix
List of Tables
List of Figures
Companies Mentioned
A selection of companies mentioned in this report includes:
- Krishak Bharati Cooperative Limited (Kribhco)
- Midwestern Bio Ag
- Biofa Gmbh
- Qingdao Haidel Biotechnology Co. Ltd.
- Viggi Agro Products
- Humate (Tianjin) International Limited
- Bio Greens
- Biostar Renewables LLC
- Agrocart
- California Organic Fertilizers
- Shree Raghvendra Agro Processors
- Hello Nature Usa Inc.
- Seek Bio-Technology (Shanghai) Co. Ltd.
- Fertikal
- Kelpak
