The surge in the retail organic food and beverage industry in North America and Europe is one of the major factors responsible for the growing demand for organic fertilizers. As per the data published by the International Federation of Organic Agriculture Movement (IFOAM), the demand for organic food items was primarily concentrated in the North American and European countries such as the U.S., France, and Germany, because of their high per capita income.

The demand for these products is expected to rise even more in the upcoming years, which subsequently will create lucrative growth opportunities for the industry players and stakeholders. Moreover, the boom in the retail organic food and beverage industry is causing the generation of immense growth opportunities for not only the local organic stakeholders and industry players but also for the businesses operating in the organic supply chain in the Asia-Pacific (APAC) and Latin American (LATAM) countries.

The dependence of these countries on the import of numerous agricultural commodities can be leveraged for augmenting the supply of organic products, which will, in turn, drive the expansion of the global organic fertilizers market in the coming years. Besides these factors, the surging acreage and number of organic farmlands is also fueling the worldwide demand for organic fertilizers. Due to these factors, the market value is predicted to grow from $4,512.1 million in 2019 to $14,746.2 million by 2030.

Furthermore, the market will exhibit a CAGR of 14.1% from 2020 to 2030, as per the forecast of the market research firm, P&S Intelligence. Organic fertilizers are extensively required for producing various types of crops such as cereals & grains, oilseeds & pulses, fruits & vegetables, strawberries, root crops, and olives. Out of these, the requirement of these fertilizers was found to be the highest for producing cereals & grains in the past years.

Hence, it can be safely said that the demand for organic fertilizers will surge in the coming years, mainly because of the growing requirement for organic food products, due to the growing public awareness about the various health benefits of these foods, and the increasing acreage and number of organic farmlands all over the world.