Asia-Pacific Biological Organic Fertilizers Market - By Microorganism, Organic Residue, Application and Geography-Market Shares, Forecasts and Trends (2017 - 2022)

Published - Jan 2017 | Category - Agriculture | No. of Pages - 127 | Published By - Mordor Intelligence

Report Highlights

The Asia-Pacific Biological Organic Fertilizer Market is expected to grow at the fastest rate with a CAGR of 14.8% during 20152-2020. Organic fertilizers are derived from many animal plant based residues, mineral ores and also developed from beneficial microorganisms.

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.

In this report we offer,

Market analysis for the Asia-Pacific Biological Organic Fertilizers Market, with region specific assessments and competition analysis on global and regional scales.

Market definition along with the identification of key drivers and restraints

Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale

Extensively researched competitive landscape section with profiles of major companies along with their market shares

Identification and analysis of the macro and micro factors that affect the Asia-Pacific Biological Organic Fertilizers Market on both global and regional scales

A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information

A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market

Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

 

Quick Buy

Latest Publications