Dublin, March 28, 2024 (GLOBE NEWSWIRE) -- The "North America Organic Fertilizers - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029" report has been added to ResearchAndMarkets.com's offering.
The North America organic fertilizers market, after navigating through a brief period of sluggish growth due to the COVID-19 pandemic, is now on a path of recovery and is expected to surge to USD 3.05 billion by 2029. This recovery is propelled by the increasing demand for high-quality crop yields amidst diminishing arable land. The compounded annual growth rate (CAGR) for the forecast period of 2024-2029 is projected at a strong 13.40%.
Supply chain efficiency measures and innovations in distribution, such as early shipments and utilization of digital order platforms, have positioned market suppliers favorably to meet the growing market demand. Furthermore, supportive government policies across key North America markets, such as easier registration processes for biofertilizers, foster a conducive business environment ensuring long-term growth in the industry.
United States Dominance in the Market
Leading this market recovery is the United States, which has demonstrated a significant opportunity for organic fertilizers, particularly in the high-value crop segments. Increasing efficiency of organic fertilizers in production, coupled with a rise in organic farming acreage, indicates a clear market demand. The presence of organic fertilizers significantly enhances soil nutrient availability, thereby boosting crop yields and supporting the growing organic food sector.
Industry Overview and Future Outlook
The industry landscape reveals a highly fragmented market with immense growth potential for new and established players. Innovations in product effectiveness and the shift toward sustainable agricultural practices are key trends shaping the future of the North America organic fertilizers market.
The significant growth trend of this market demonstrates the continued progression towards sustainable and organic farming practices in North America. Stakeholders in the agricultural sector of North America are poised to benefit from the ongoing positive developments in the organic fertilizers market. The industry outlook remains optimistic as it gears up to meet the increasing consumer demand for organic products and the broader objectives of sustainable agriculture.
This upward trajectory for the North America organic fertilizers market signifies a positive shift towards environmentally responsible farming, promising a future of improved agricultural outputs and sustainability. The move towards organic is not just a market trend but a transformative shift in agricultural practices across the continent.
A selection of companies mentioned in this report includes, but is not limited to:
- Agrocare Canada
- BioFert Manufacturing Inc.
- Fertilizers USA LLC
- Fertoz Limited
- Agriculture Solutions Inc.
- Nutrein (Actagro LLC)
- California Organic Fertilizers Inc
- Kiwa Biotech Products Group Corporation
- Lallemand Inc
- Rhizobacter Argentina SA
- Pivot Bio Inc
- Agrinos Inc
For more information about this report visit https://www.researchandmarkets.com/r/hi0isa
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