Market Trends of South America Biological Organic Fertilizers Industry
This section covers the major market trends shaping the South America Biological Organic Fertilizers Market according to our research experts:
Increased Practice of Organic Farming
The increased concern for the environment has paved the way for the use of bio-based organic fertilizers. The increasing cost of chemical fertilizers and the push from governments for sustainable farming are enabling farmers to adopt organic farming practices. Biofertilizers are used to improve the quality of soil, as they can help in improving the quality of the soil without depriving it of the essential nutrients.
Using biofertilizers also helps in scaling up the nutrient intake of plants, which is essential in the current scenario. Biofertilizers, such as Rhizobium, Azospirillum, and Phosphobacteria, deliver nitrogen and phosphorous nutrients to crop plants through the nitrogen fixation and phosphorous solubilization processes. These biofertilizers are utilized for rice, pulses, millets, cotton, sugarcane, and other horticulture crops. Since biofertilizers are capable of boosting the soil organic matter, they considered to be few of the most important components of soil management, in the current paradigm.
Argentina Dominates the Biological Organic Fertilizer Market
Argentina accounted for 48.6% of the South American biological organic fertilizer market in 2018. The total organic agricultural land, which was treated with the biological organic fertilizers in Argentina, was around 3.39 million hectares in 2017. Argentina has strict controls and legislation regulations for allowing the commercialization of biofertilizers based on Rhizobia. In the country, biological fertilizers are registered under the National Health and Agroalimentary Quality Service (SENASA), which, along with other sectors of the government, determines the adoption, restriction, and marketing of biofertilizers in the country.
As an export-oriented market, the applications of biological organic fertilizer products increased with the adoption of sustainable farming practices and organic ingredients. The cost-efficient product offerings further augmented the market expansion in the country. More than 70% of the country's biological organic fertilizer products are exported by the country. The major crops that are treated with these products are pears, apples, oranges, mandarins, grapefruits, lemons, grapes, onions, garlic, asparagus, lettuce, beets, carrots, and cucumbers.
