South East Asia organic fertilizers Market is Expected to Reach $2.1 Billion by 2027

According to a new report published by Allied Market Research, titled, “South East Asia organic fertilizers Market by Source, Crop Type, Form, and Nutrient Content: Regional Opportunity Analysis and Industry Forecast, 2020–2027,” 

The South East Asia organic fertilizers market was valued at $1.2 billion in 2019 and is anticipated to generate $2.1 billion by 2027. The market is projected to experience growth at a CAGR of 7.4% from 2020 to 2027.

Soil contain several nutrients that help plants grow. These nutrients complete required minerals for plants to grow healthy and enhance production capacity and quantity. However, after being used repeatedly for longer time the soil loses its own nutrient concentration. This is also caused if the land is not left to regain its fertility and is being used to yield crops one after other. Organic fertilizers balance the nutrient content of the soil. With the help of fertilizers, the soil gets nutrients such as nitrogen, phosphate, and potassium, which are essential for crop growth. 

Organic fertilizers improve the soil fertility. They help in water retention, makes soil lighter by absorbing air, and keep the soil moist for longer time period. Moreover, there is no salt build-up as is the case in chemical fertilizers. Even though the organic fertilizers take time to release required nutrients to the soil, in the long run, they improve the soil quality. There are different types of organic fertilizers made from
alfalfa meal, cow manure, poultry manure, earthworm composting, blood meal, and many others. 

Depending on several factors, the market is segmented on the basis of source, crop type, nutrient content, form, and region. By source, it is divided into plant, animal, and minerals. The plant segment dominated the market share by 2019 attributed to availability in abundant quantity. However, the mineral segment is expected to grow at a higher CAGR during the forecast period. 

Similarly, depending on crop type, out of cereals & grains, oilseeds & pulses, fruits & vegetables, and others. The cereals & grains segment dominated the market in 2019, as the consumption of cereals and grains is in large quantities. However, the fruits & vegetables segment is expected to grow at a higher CAGR during the forecast period due to growing demand for organic fruits and vegetables. Moreover, on the basis of form, the dry segment dominated the market share in 2019, owing to longer shelf life, ease to transport and apply, and cost-effectiveness. Depending on nutrient content, the segment presence of organic substance from 20% to 40% dominated the market share in 2019, as they help in overcoming mineral deficiency in the soil and aid the crop for optimal produce by providing rich amount of nutrients. Region wise, Indonesia dominated the market in 2019 owing to several policies and cation plans from the government to promote organic farming and is also expected to grow at a higher CAGR during the forecast period 

The key players operating in the organic fertilizers market are Alpha BioGreen, Bio-Flora (Singapore) PTE Ltd., Baconco Co., Ltd., Cropagro, Cropmate Fertilizers Sdn Bhd, PT. Jadi Mas - Fertilizers Factory, PT Pupuk Kaltim, Revisoil, SongGianh Corporation, and Thai Central Chemical Public Company Limited. The players in the market have adopted several strategies to sustain the market competition. The market players are also investing largely into R&D activities for the same, owing to increase in population that directly increases demand for food.

COVID-19 impact

There was disruption in supply chain as the logistic & transportation sector was put under lockdown owing to which agriculture sector was impacted on medium level. Moreover, the farmers were not able to procure raw materials and fertilizers for the crop season. However, the South East Asian countries were spared due to quick and successful actions taken by the government. For example, Laos was the last country to be affected by the virus in the region with low cases thus, providing government and people enough time to handle the situation.

Key findings of the study

• The South East Asia organic fertilizers market size is provided in terms of revenue.
• By country, rest of South East Asia is projected to grow at the highest CAGR of approximately 7.6%, in terms of revenue, during the forecast period.
• By nutrient content, the presence of organic substance from 20% to 40% segment is anticipated to grow with CAGR 7.5%, in terms of revenue, during the forecast period.
• By country, the rest of South East Asia and Indonesia dominated the market for South East Asia region with a revenue share of over 66.1% and 20.8% in 2019.The report provides a comprehensive analysis of the factors that drive and restrain the South East Asia organic fertilizers market growth.
• The qualitative data in this report aims at the South East Asia organic fertilizers market trends, dynamics, and developments in the South East Asia organic fertilizers industry.
• The South East Asia organic fertilizers market forecast and estimations are based on factors impacting the market growth.