Asia Pacific Organic Fertilizers Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Source, Crop Type, and Form

Asia Pacific Organic Fertilizers Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Source, Crop Type, and Form

  • November 2020 •
  • 80 pages •
  • Report ID: 5999660 •
  • Format: PDF
The organic fertilizers market in APAC is expected to reach US$ 8,691.62 million by 2027 from US$ 3,473.48 million in 2018 and is expected to grow at a CAGR of 10.8% from 2019 to 2027. Benefits associated with organic fertilizers are bolstering the growth of the APAC organic fertilizers market. The primary function of organic fertilizers is to proffer nutrients under organic forms derived from organic materials of plant or animal origin. Organic fertilizers provide sustainable agricultural benefits to farmers, growers, consumers, and the environment at large. They are free from harmful chemicals that can cause waterway pollution, air pollution, acidification of soil, and chemical burns to crops. They nurture the soil with organic matter that reduces the dependency on chemical inputs. They minimize leaching and lessen the impact of farming and safeguard the ecosystem. The plant-based organic fertilizers like alfalfa meal, compost, corn gluten meal, cottonseed meal, soybean meal, kelp or seaweed, and humus are responsible for adding nitrogen, potassium, and phosphorous to the plants. They make sure that the required nutrients reach the deficient part of the plants. Supplementing the soil nutrients with animal-based organic fertilizers, such as manure, bat or seabird guano, blood meal, bone meal, and fish products, makes the soil appropriate for the growth of fruits, vegetables, and other crops.

Based on crop type, the fruits and vegetables segment is expected to grow at the highest CAGR during the forecast period.Vegetable and fruit plants are composed of carbon, hydrogen, and nitrogen.

They absorb these nutrients from air and water, but they also require additional macro and micronutrients that favor the growth of fruits and vegetables.Blood meal, soybean meal, chicken manure, cottonseed meal, and feather meal are common types of organic fertilizers rich in nitrogen content and act as formulated fruit tree fertilizers.

The blood meal fertilizer is one of the highest sources of nitrogen available and is capable of repelling rabbits, deer, and skunks.The application of soybean meal at the correct times ensures that tomatoes get plenty of nitrogen for growth without slowing fruits’ production.

Chicken manure pellets act as a perfect alternative to inorganic fertilizers. It is suitable for a broad range of fruits and vegetables as it is full of natural slow-releasing plant nutrients that enhance soil fertility. Cottonseed meal proffers slow-releasing nitrogen, potash, and phosphorous. The heavy protein in the cottonseed meal slows the decomposition. Soil microbes process the proteins to release nutrients that are used by fruits & vegetable plants. Feather meal organic fertilizers are perfect for corn, tomatoes, and fall harvested vegetables. They are generally incorporated in the soil before planting or are side-dressed through the entire growing season to proffer a steady release of nitrogen required for the growth of fruits and vegetables. The seaweed fertilizer helps in growing a beautiful garden. It makes the flower and foliage more durable and colorful. It can be easily applied by spray or hand and makes the blooms more plentiful. The organic fertilizers for tomatoes and other vegetables are usually certified. They improve the soil condition, resisting insects, disease, and drought during the growing seasons.

COVID-19 has affected economies and industries in various countries due to travel bans, lockdowns, and business shutdowns.The consequence and impact can be even worse and depends on the spread of the virus.

The governments in Asia Pacific are taking possible steps to reduce the effects of COVID-19 pandemic by announcing lockdowns, which is impacting the revenue generated by the market.The Airports Council International of Asia Pacific warned that the prolonged duration of the COVID-19 outbreak would drastically impact the region’s airports’ connectivity and economic sustainability, significantly restricting them from achieving previously forecasted growth prospects.

Such closures are anticipated to impact the market growth in the coming period negatively.
The overall APAC organic fertilizers market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The method also serves to secure an overview and forecast for the APAC organic fertilizers market with respect to all the segments pertaining to the region.Multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights into the topic.

The participants who typically take part in such a process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the APAC organic fertilizers market. AgroCare Canada; Biostar Renewables, LLC; Coromandel International Limited; Italpollina SpA; Krishak Bharati Cooperative Limited; National Fertilizers Limited; ScottsMiracle-Gro; and Suståne Natural Fertilizer, Inc. are among key players operating in the APAC organic fertilizers market.

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