Monday, 18 November 2024
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AgricultureAmericas

North America Organic Fertilizer Market to Surge with 8.2% CAGR Through 2034

  • Market value projected to increase from USD 1,999.4 million in 2024 to USD 4,415.8 million by 2034.
  • Liquid organic fertilizers expected to grow at a 9.5% CAGR, outpacing dry fertilizers.
  • Canada is anticipated to see a notable CAGR of 9.8%, leading regional growth.

The North American organic fertilizer market is poised for substantial growth, driven by increasing consumer demand for organic products and a shift towards sustainable farming practices.

In addition, the rising popularity of organic fertilizers in gardening and agriculture underscores a growing awareness of environmental and health benefits.

Key Drivers Behind North America’s Organic Fertilizer Growth

The organic fertilizer market in North America is forecasted to experience impressive growth, with a projected valuation of USD 4,415.8 million by 2034. This surge is largely attributed to the increasing demand for organic foods and the shift towards sustainable farming methods. Liquid fertilizers are set to dominate, growing at a CAGR of 9.5%, thanks to their versatility and user-friendliness.

Gardening applications of organic fertilizers are also on the rise, with a projected CAGR of 9.3%. The growing emphasis on reducing chemical residues and promoting healthier farming practices is fueling this trend. Both the U.S. and Canada are showing strong growth, with Canada expected to lead with a CAGR of 9.8% due to heightened adoption of organic farming.

The organic fertilizer sector benefits from a growing consumer base that values eco-friendly and safe agricultural practices. Governments are increasingly supporting the use of bio-based fertilizers, aligning with the global shift towards sustainability. This support, combined with rising consumer awareness, is driving the market’s expansion.

As North America embraces organic farming and gardening practices, the organic fertilizer market is set to grow significantly, driven by demand for eco-friendly solutions and healthier produce.

“Organic fertilizers promote eco-friendly farming, helping meet the growing demand for organic produce.” This aligns with the expected market growth as highlighted in the report.

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