ASIA-PACIFIC ORGANIC FERTILIZERS MARKET FORECAST 2023-2032

The Asia-Pacific organic fertilizers market growth assessment includes the analysis of South Korea, Japan, Vietnam, China, Australia & New Zealand, Indonesia, Thailand, India, and Rest of Asia-Pacific. The organic fertilizers market in China has undergone a significant transformation, progressing from a state of disarray to one of regulatory adherence. Recent reports emanating from the Forschungsinstitut für Biologischen Landbau (FiBL) and the International Federation of Organic Agriculture Movements (IFOAM) reveal that the organic sector in the nation is currently undergoing impressive expansion, with the organic food market witnessing a commendable annual growth rate of 25%.

During the past three years, China has recorded a substantial uptick of 10% in its organic cultivation land, culminating in an expanse of 2,435,000 hectares in 2020. These figures, prominently featured in the Organic Industry Development Report of China (2021) released by the State Administration for Market Regulation, have propelled China to establish itself as the fifth-largest organic cultivation region on a global scale.

Further, in South Korea, the organic fertilizers industry experienced significant growth in 2020, displaying a 2.1% upsurge in the number of farms embracing ecologically conscious production methods. Within this group of farms, those that secured organic certification constituted 30.5% of the total expansion, further enhancing the proportion of organic farms to 2.4% of the overall farm count in the nation.

Furthermore, the market scale of organic agriculture and food products in South Korea achieved an estimated 1.9 trillion South Korean won in 2020. This underscores the rising consumer demand and market potential for organic items within the country. As the organic fertilizers sector continues to expand in South Korea, it will contribute to the broader advancement of a more sustainable and environmentally friendly agricultural scenery.

The Asia-Pacific organic fertilizers market segmentation includes source, form, and crop type. The form segment includes dry and liquid.

Dry organic fertilizers come in two forms: they can consist of a single material like kelp or rock phosphate, or they can be a mixture of various ingredients. While all organic fertilizers offer a wide range of nutrients, blended varieties are specially designed to provide a well-balanced combination of nitrogen, phosphorous, potassium, and essential micronutrients.

A common method of applying dry organic fertilizer involves broadcasting it, followed by incorporating it into the top 4 to 6 inches of soil using a hoe or rake. Alternatively, a small quantity can be placed in planting rows or holes when sowing seeds or transplanting. Unlike dry synthetic fertilizers, dry organic fertilizers are gentle on delicate seedling roots, causing no harm and avoiding burning. To enhance plant growth throughout the growing seasons, you can enhance growth by side-dressing dry organic fertilizers along the drip line of trees and shrubs or within crop rows.

Blood meal serves as a powdered form of dry organic fertilizer that is rich in nitrogen content. Bone meal, finely ground bones, is abundant in calcium and phosphate, promoting robust root systems and flowering. This variety is commonly used for growing flowers, bulbs, and fruit trees. Available in powdered form, bat guano is a valuable source of soluble nitrogen, phosphate, and trace elements. It serves as an effective top dressing for tea plants and can be applied at any time of the year.

Fish emulsion is a partially decomposed mixture of finely pulverized fish, contributing to increased yields without causing root burn. Another type of dry organic fertilizer is cottonseed meal, which is high in protein and fibers.

Some of the leading companies in the Asia-Pacific organic fertilizers market are Tata Chemicals Limited, Coromandel International Limited, Agri Life, etc.

Coromandel International Limited markets and manufactures a range of specialty nutrients like water soluble fertilizers, crop protection products, and phosphatic fertilizers. It provides agri-input solutions to farmers and also exports its crop protection products. The company is headquartered in Secunderabad, India, with operations in Tunisia, Mauritius, Argentina, Brazil, Europe, and Asia-Pacific.