Market Size of Asia-Pacific Biological Organic Fertilizers Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 6.30 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
Asia Pacific Biological Organic Fertilizer Market Analysis
The Asia-Pacific Biological Organic Fertilizer Market is expected to register the fastest growth rate, with a CAGR of 6.3% during the forecast period of 2020-2025. Organic fertilizers are produced from many animal plant-based residues, mineral ores, and beneficial microorganisms. In India, 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 popularity among the farming communities. China accounted for 41.2% of the share in the Asia-Pacific region in 2018. China's grasp over key technologies. The production processes of Chinese organic fertilizer started five decades ago. The practical utilization of the same has gained momentum recently, prompted by a global shift toward the same.
Asia Pacific Biological Organic Fertilizer Industry Segmentation
Biological organic fertilizers are primarily derived from the animal-based and plant-based residues, mineral ores, and beneficial microorganisms. Natural organic fertilizers include animal wastes from meat processing, peat, manure, slurry, and guano. Countries, such as China, India, Australia, Vietnam, and Thailand, recognize the potential of organic agriculture. They have been taking steps to support a more environment-friendly farming system. This factor is expected to boost the demand for organic fertilizers in the Asia-Pacific region.
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Asia-Pacific Biological Organic Fertilizers Market Size Summary
The Asia-Pacific Biological Organic Fertilizers Market is poised for significant growth, driven by the increasing adoption of organic farming practices and the rising demand for organic products. Organic fertilizers, derived from animal and plant-based residues, mineral ores, and beneficial microorganisms, are becoming popular as cost-effective and renewable alternatives to chemical fertilizers. The market is particularly influenced by China, which has a substantial share in the region due to its early adoption of organic fertilizer production technologies. The Chinese government's initiatives to promote green agriculture and reduce chemical fertilizer usage have further bolstered the market's expansion. The growing awareness and preference for organic food among consumers, coupled with improved farming practices, are contributing to the increased area under organic cultivation, thereby driving the demand for organic fertilizers.
The market landscape in the Asia-Pacific region is characterized by fragmentation, with numerous players holding small market shares. Key companies such as Agrinos and China Bio Fertilizer are actively engaging in strategies like product launches, partnerships, and acquisitions to enhance their market presence. The involvement of larger fertilizer manufacturers in the organic segment is also notable, with China boasting a significant number of organic producing enterprises. Collaborative efforts, such as the partnership between Kiwa Bio-Tech Products Group Corp and Postal Savings Bank of China, highlight the industry's focus on supporting farmers and cooperatives financially. This dynamic market environment, coupled with the ongoing shift towards sustainable agricultural practices, is expected to sustain the growth trajectory of biological organic fertilizers in the Asia-Pacific region.
Asia-Pacific Biological Organic Fertilizers Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porters Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Crop
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2.1.1 Grains and Cereals
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2.1.2 Pulses and Oil seeds
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2.1.3 Fruits and Vegetables
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2.1.4 Other Crops
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2.2 Form
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2.2.1 Dry
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2.2.2 Liquid
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2.3 Type
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2.3.1 Organic Fertilizer
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2.3.1.1 Green Manure
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2.3.1.2 Oil Cakes
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2.3.1.3 Bone Meal
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2.3.1.4 Fish Meal
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2.3.1.5 Other Types
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2.3.2 Bio-fertilizer
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2.3.2.1 Blue Green Algae
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2.3.2.2 Mycoorrhiza
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2.3.2.3 Azosprillum
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2.3.2.4 Rhizobium
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2.3.2.5 Azotobacter
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2.3.2.6 Other Bio-fertilizers
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2.4 Geography
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2.4.1 Asia Pacific
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2.4.1.1 India
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2.4.1.2 China
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2.4.1.3 Japan
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2.4.1.4 Rest of Asia Pacific
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Asia-Pacific Biological Organic Fertilizers Market Size FAQs
What is the current Asia-Pacific Biological Organic Fertilizers Market size?
The Asia-Pacific Biological Organic Fertilizers Market is projected to register a CAGR of 6.30% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Biological Organic Fertilizers Market?
National Fertilizer Limited, Agri Life Phytopharma Ltd, Kiwa Biotech, Seek Biotechnology Co. Ltd and Qingdao Hibong Fertilizer Co Ltd are the major companies operating in the Asia-Pacific Biological Organic Fertilizers Market.