Rising Environmental Concerns and Favorable Government Policies are Likely to Impel the Growth of Organic Fertilizers Market in Future
The global organic fertilizers market is segmented into product type such as peat based, manure based and others. Further, manure based organic fertilizer segment grabbed major shares of overall organic fertilizers market in 2016. Further, large availability and low cost of manure based organic fertilizer are augmenting the growth of this segment. Additionally, the adoption of manure based organic fertilizers for crop production is rising owing to its beneficial effects on soil such as improved moisture level and increased nutrient in soil which further help the plants to grow healthy. Global organic fertilizers market is expected to register a CAGR of 6.9% over the forecast period. Moreover, the global organic fertilizers market was valued at USD 3.1 Million in 2016 and is expected to reach at notable revenue by the end of 2024. Rising awareness amongst the population towards benefits of organic farming is estimated to foster the growth of global organic fertilizer market over the...