Latin America Organic Fertilizers Market

Latin America Organic Fertilizers Market Size (2024 to 2029)

The Latin America organic fertilizers market size is expected to reach USD 2.54 billion in 2024 and reach USD 4.50 billion by 2029, growing at a CAGR of 12.07 % from 2024 to 2029.

Organic fertilizers are derived from human waste, animal waste, or vegetable matter. Organic fertilizers also reduce the risk of diseases in humans. Prominent organic fertilizers available in the market include blood meal, bone meal, composites, earthworm castings, bat guano, fish emulsion, and rock phosphate. Naturally occurring organic fertilizers contain animal matter produced by meat processing industries. Since these fertilizers are obtained naturally, there is a low risk of environmental damage. Selection of organic fertilizers is usually done after determining the nutrients required from the crop.

The market for organic fertilizer has witnessed steady growth in the recent past owing to government support and favorable perception among farmers and end-users. The efficiency of organic fertilizers is a slow and long time. As compared to chemical fertilizers, the production of organic fertilizers has less investment and high benefits. Government and environmental policies minimizing wastage and reducing the consumption of non-biodegradable raw materials have led to increased production of organic fertilizers. Regulations are also emphasizing human safety, and so are supporting markets like organic fertilizers to reduce risk to human life and the environment. The organic fertilizers market is dependent upon the weather (rains/water supply) of that region or area; hence, weather conditions can hamper the growth of the organic fertilizer market. Another concern with organic fertilizers is that a majority of them have a lesser nutrient ratio than chemical fertilizers, which can massively impact farm produce.

SEGMENT ANALYSIS

Latin America Organic Fertilizers Market By Source

• Plant
• Animal
• Mineral

Latin America Organic Fertilizers Market By Crop Type

• Cereals
• Grains
• Oilseeds& pulses
• Fruits& vegetables
• Fruits & Vegetables

Latin America Organic Fertilizers Market By Form

• Dry
• Liquid

COUNTRY ANALYSIS

• Brazil
• Argentina
• Chile
• Mexico
• Rest of Latin America

KEY PLAYERS IN THE LATIN AMERICA ORGANIC FERTILIZERS MARKET

The key players in the market include Tata Chemicals Ltd (India), The Scotts Miracle-Gro Company (U.S.), Coromandel International Limited (India), National Fertilizers Limited (India) and Krishak Bharati Cooperative Limited (India). Other significant players include Midwestern BioAg (U.S.), Italpollina SpA (Italy), ILSA S.p.A (Italy), Perfect Blend, LLC (U.S.), and Sustane Natural Fertilizer, Inc. (U.S.).