The global phosphorus-enriched organic manure market value is predicted to increase from US$ 3,382.9 million in 2024 to US$ 6,347.6 million by 2034. Over the forecast period, global demand for phosphorus-enriched organic manures is projected to surge at a CAGR of 6.5%.
The growing demand for organic products that are favorable to the environment is driving the demand for phosphate rich organic manure (PROM) in the market. PROM is becoming increasingly popular with farmers and gardeners as awareness of sustainable farming and lowering the chemical load on the planet grows.
Unlike chemical fertilizers, PROM neither damage the health of the soil nor pollute the atmosphere. It helps prevent soil erosion and supplies the soil with the macro- and micronutrients it needs, fueling the market growth.
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Farmers are using PROM at a rising pace because of its several uses in various crops and soil types and its value-adding features. It functions as the perfect soil conditioner and increases soil porosity. In addition, a growing number of government programs and product introductions incorporating vermicomposting methods are anticipated to create additional market potential.
Key participants in the industry are becoming increasingly interested in producing organic manures via bio-conversion techniques. This is expected to open up profitable options in the market for organic manure that is rich in phosphate.
Key Takeaways from the Report
- The global phosphorus-enriched organic manure market is projected to thrive at 6.5% CAGR through 2034.
- By source, the animal-based segment is expected to have a CAGR of 5.7% by 2034.
- By crop type, the cereals & grains segment is set to hold a market share of 64.2% in 2024.
- East Asia is expected to account for a significant share of about 29.7% in 2034.
- China is projected to surge at a CAGR of 6.5% by 2034.
- Demand in India is predicted to rise at 7.0% CAGR through 2034.
“The phosphorus-enriched organic manure market is poised to witness healthy growth due to the increasing adoption of sustainable agricultural practices and rising demand for organic produce. Key end-use industries such as farming, gardening, and horticulture are driving the demand for these fertilizers, further propelling market expansion,” – says a lead analyst at Future Market Insights (FMI).
Competitive Landscape
The global phosphorus enriched organic manure market is fragmented, with leading players accounting for around 40% to 45% share. Sustane Natural Fertilizer Inc., Biogen Fertilizers India Private Ltd., Hindustan Bec Tech India Pvt. Ltd., and Jaipur Bio Fertilizers, are the leading manufacturers and suppliers of phosphorus enriched organic manure listed in the report.
Key phosphorus enriched organic manure companies are investing in continuous research for producing new products and increasing their production capacity to meet end-user demand. They are also showing an inclination toward adopting strategies, including acquisitions, partnerships, mergers, and facility expansions to strengthen their footprint.
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Recent Developments
- In 2022, Tessenderlo Group built a new organic fertilizer production line in Vénérolles, France.
- In 2023,OCP, a Morocco-based manufacturer of fertilizers and phosphates, sent 1.7 million tons of phosphate-based fertilizers to India.
More Insights into the Phosphorus Enriched Organic Manure Report
In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the global phosphorus enriched organic manure market, providing historical data from 2019 to 2023 and forecast statistics for the period 2024 to 2034.
To understand the global market potential, growth, and scope, the market is segmented based on source (plant-based, animal-based), crop type (cereals & grains, oilseed & pulses, fruits & vegetables, others), form (solid, liquid), application (farming, gardening), and region.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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