LONDON, Oct. 15, 2018 (GLOBE NEWSWIRE) -- Meticulous Research^® – leading global market research company published a research report titled “Organic Fertilizers Market by Source (Animal, Plant, Mineral), Form (Dry, Liquid), Application (Broadcasting, Fertigation, Foliar Application), Crop Type (Cereals and Grains, Fruits and Vegetables) and Geography – Global Forecast to 2023”. According to this latest publication, the global organic fertilizers market is expected to grow at a CAGR of 9.1%from 2018 to reach USD 4,606.7 million by 2023, driven by factors such as increasing demand for organic food and growing awareness about the environmental safety with the use of organic fertilizers. Moreover, huge organic waste availability and advances in organic fertilizers manufacturing process further supports the growth of this market.

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Owing to factors such as high nutrition value, quick action and response, low quantity requirement, and easy and huge availability of animal waste, animal-based organic fertilizers market commanded the largest share of the global organic fertilizers market in 2017; this market is also expected to grow at a fastest CAGR during the forecast period.  However, dry organic fertilizers market dominated the global organic fertilizers market in 2017, supported by their higher adoption in the lawn and gardens, long-lasting effects, high efficiency in all climatic condition, and huge and easy availability of the raw materials.

Geographically, Asia Pacific commanded the largest share of the global organic fertilizers market, followed by Europe and Latin America. The major share of this region is mainly attributed to its huge area under the organic cultivation especially in Australia, increasing health awareness, increasing mechanization and irrigation facilities, and huge number of organic operators. Moreover, government policies and others organization’ initiatives in promotion and expansion of organic industry further supports the growth of organic fertilizers market in this region.

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The major players operating in the global organic fertilizers market are Italpollina S.p.A., Tata Chemicals Ltd., Multiplex Group, Coromandel International Limited, Midwestern BioAg, Perfect Blend, LLC, ILSA S.p.A., ScottsMiracle-Gro Company, National Fertilizers Limited, SPIC Ltd, Sigma AgriScience, LLC, AG Global, California Organic Fertilizers, Inc., Biolchim S.p.A., and Camson Bio Technologies Limited, among others.

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