Organic Fertilizer Market To Reach About US $ 12.5 Billion By 2027 – CMI | ILSA SpA, Biostar Renewables, Plantin

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SEATTLE, UNITED STATES, November 17, 2021 /EINPresswire.com/ – The Global organic fertilizer market is estimated to be just under US $ 6.7 billion in terms of value in 2018 and is expected to grow at a CAGR of 7.2% during the forecast period (2019-2027)

Organic fertilizers, also called natural fertilizers, are fertilizers made from organic materials such as animal and plant matter; human waste (for example, sweat, urine, and breast milk); leftover vegetables (greens, alfalfa hay, alfalfa beetles, alfalfa meal, cabbage, etc.); fruits and vegetables (fresh products, in particular blueberries, cranberries, cherries, oranges, lemons, limes, melons, peas,. Humic acids, fatty acids, magnesium and calcium, iron, zinc, selenium, manganese, zinc, silicon, thiamine and Folate is one of the organic components included in organic fertilizers. The majority of the ingredients in organic fertilizers used today are carbon-based and biodegradable. Mechanical methods, such as excavating to the heart of the earth or decomposing huge rocks, are frequently used to collect these elements from the soil.

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The organic fertilizer industry is growing due to the increasing demand for environmentally friendly fertilizers with less environmental impact. The organic fertilizer market is growing again as more and more rules and regulations on the use of synthetic fertilizers are implemented. In addition, the ongoing launch by the manufacturer of organic based fertilizer to meet increased demand is likely to drive the growth of the market. For example, in July 2020, IFFCO launched organic manure in the form of Neem cake which was made from inedible and de-oiled Neem cake fertilizer.

Geographically, Europe is expected to experience significant growth over the forecast period, which can be attributed to the increasing implementation of strict EU rules to restrict the use of synthetic fertilizers. For example, in May 2019 the EU adopted a regulation that harmonizes the requirements for fertilizers produced from phosphate minerals and organic or secondary raw materials in the EU. This creates new possibilities for the manufacture and marketing of organic fertilizers on a large scale.

Key developments

1. In November 2019, the Cooperative Sale Society (TSS) of Totagars launched a “TSS Annapurna”, an organic fertilizer on the market. It is a meal based fertilizer

2. In December 2019, Azerbaijan launched a joint venture: an Azerbaijani-Turkish joint venture for the production of organic fertilizers. The company has made an investment of approximately $ 1 million

3. In April 2020, EarthRenew entered into a partnership with CCm, a UK-based company, to produce and test new formulations of organic fertilizer products.

4. In September 2020, the Telangana State Agro Industries Development Corporation (TS-Agros) launched the city compost “Telangana Siri” – organic fertilizer as part of the state government’s efforts to encourage the use of organic manure. and discourage the increasing use of chemical fertilizers. .

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