Organic Fertilizer Market Is Estimated To Witness High Growth Owing To Trends Toward Sustainable Farming
Organic Fertilizer Market Organic fertilizers are obtained from plant and animal residues or byproducts which helps enrich soil nutrients and improve soil health. It contains essential elements required by plants like nitrogen, phosphorus and potassium. Organic fertilizers are important for sustainable agriculture as they not only improve crop yield but also enhance soil fertility and biodiversity. They release nutrients slowly and do not contaminate groundwater. The Organic Fertilizer Market is estimated to be valued at US$ 12.64 Bn in 2023 and is expected to exhibit a CAGR of 5.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The demand for organic fertilizers is growing significantly owing to trends toward sustainable farming practices and concerns over environmental hazards of chemical fertilizers. Farmers are increasingly adopting organic fertilizers made from organic waste to increase soil fertility