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Green Fertilizer Market Size

  • Report ID: GMI10400
  • Published Date: Jul 2024
  • Report Format: PDF

Green Fertilizer Market Size

Green Fertilizer Market was valued at around USD 2.43 billion in 2023 and is anticipated to register a CAGR of over 4.7% between 2024 and 2032. Green fertilizers are gaining prominence in modern agriculture due to their sustainable attributes and increasing relevance in organic farming practices.

 

Unlike synthetic fertilizers, which contribute to soil degradation and water pollution through nutrient runoff and emissions, green fertilizers are derived from organic materials such as compost, manure, and biochar. These natural inputs replenish soil with vital nutrients and stimulate beneficial microbial activity, fostering a healthier soil ecosystem. By enhancing soil structure and nutrient availability, green fertilizers promote resilient crop growth and have the potential to reduce long-term dependency on additional chemical inputs. Moreover, their production often relies on renewable resources and eco-friendly processes, aligning with efforts to minimize environmental impact.
 

The rise in organic farming, driven by consumer demand for safer, healthier, and more sustainably produced food, is a significant driver for the increasing adoption of green fertilizers. Organic farming standards prohibit the use of synthetic fertilizers, making green alternatives essential for maintaining soil fertility and meeting strict certification requirements. Beyond regulatory compliance, green fertilizers contribute to soil health by improving nutrient retention, water infiltration, and erosion control. These benefits support a balanced agricultural ecosystem that enhances crop yields while preserving natural resources and biodiversity. Ultimately, the shift towards green fertilizers reflects a broader commitment to sustainable agricultural practices that prioritize soil health, environmental sustainability, and the long-term resilience of farming system.
 

A significant challenge in the green fertilizer market revolves around cost and availability. Despite their potential long-term benefits for soil health and crop yield improvements, green fertilizers often come with a higher initial cost compared to traditional synthetic options. This cost barrier can pose challenges for farmers, particularly those with limited budgets. Factors contributing to these higher costs include the relatively limited production capacity of green fertilizers compared to the well-established synthetic fertilizer industry. Additionally, logistical issues arise due to the bulkier and heavier nature of organic fertilizers, impacting distribution and transportation expenses.
 

Furthermore, accessibility remains an issue for green fertilizers, especially in less developed regions where synthetic options dominate the market. Limited availability can deter farmers from adopting greener practices, as they may prefer or rely on readily accessible synthetic fertilizers. Concerns also exist regarding the consistency and quality of green fertilizers, as variations in effectiveness may occur depending on the source and production methods. Without standardized quality control measures, farmers may hesitate to switch from synthetic fertilizers that offer more predictable outcomes.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global market size for green fertilizer was valued at USD 2.43 billion in 2023 and is anticipated to register over 4.7% CAGR between 2024 and 2032, due to their sustainable attributes.

The ammonium nitrate green fertilizer market size was USD 1.41 billion in 2023 and is expected to reach over USD 2,143.9 million by 2032, owing to its high solubility and nitrogen content

North America market recorded over USD 815 million in 2023 and will expand steadily through 2032, driven by the robust network of research institutions and established agricultural sectors.

ACHEMA, Agrico Canada, Agroasia, CF Industries Holdings, Inc., Dyno Nobel, EuroChem, Nutrien Ltd, Ravensdown, and URALCHEM Group among others.

Green Fertilizer Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 250
  • Countries covered: 24
  • Pages: 145
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