Australia Organic Fertilizers Market Share, Trends, Revenue, Growth Drivers, CAGR Status, Challenges and Future Investment Strategies Till 2033


Australia Organic Fertilizers Market Share, Trends, Revenue, Growth Drivers, CAGR Status, Challenges and Future Investment Strategies Till 2033: SPER Market Research

 Category : Agriculture

 Published: Jul-2024
 Author: SPER Analyst

Australia Organic Fertilizers Market is projected to be worth USD 273.47 million by 2033 and is anticipated to surge at a CAGR of 7.51%.

Organic fertilisers contain critical nutrients for plant growth as well as naturally occurring minerals. These fertilisers help to alleviate difficulties associated with synthetic fertilisers. In contrast to synthetic fertilisers, they require less frequent application to maintain soil fertility. However, inappropriate application of organic fertilisers can result in overfertilization or nutritional deficiencies in soil. As a result, controlled release of organic fertilisers is an effective strategy to sustain agricultural productivity. There are several types of organic fertilisers or chemical-free fertilisers that can be used to grow a variety of seasonal and tropical fruits and vegetables. It delivers far greater cost effectiveness, and most importantly, long-term and critical health to the Soil.

Australia Organic Fertilizers Market Driving Factors and Challenges

Driving Factors- The growing health consciousness of consumers has resulted in an increase in demand for organic food products, which is one of the main drivers of the Australia Organic Fertilisers Market. The market has also been greatly boosted by government initiatives that support organic farming and the use of natural fertilisers. The market is expanding as a result of trends such the rising use of biofertilizers, the creation of cutting-edge organic fertiliser products, and the increased attention being paid to soil health. Technology developments in the manufacture of organic fertiliser along with a move towards sustainable agricultural methods are anticipated to maintain the market's upward trajectory.

Challenges- Compost, manure, and plant leftovers are examples of natural raw materials that are vital to the creation of organic fertilisers. The availability of these raw materials in Australia varies and may not be enough to meet the country's expanding need for organic fertilisers. The supply issues can also be made worse by seasonal fluctuations, geographic limitations, and competition for organic waste from other businesses, such the generation of bioenergy. Market expansion may be hampered by this restricted supply, which can also make organic fertilisers more difficult to scale and produce consistently.

Impact of COVID-19 on Australia Organic Fertilizers Market 
The COVID-19 pandemic posed a significant challenge to the organic fertiliser sector in 2020. In comparison to other industries, the organic fertilisers market had a negative impact on total growth. The COVID-19 epidemic has caused a slump in the worldwide economy from the beginning of 2020. The outbreak of COVID-19 is expected to have a severe impact on fertiliser production and distribution. Logistics are interrupted in several parts of the world, affecting businesses such as agriculture and others. With a drop in worldwide demand, prices of organic fertiliser products have begun to fall around the world as a result of sudden restrictions on their purchase during the coronavirus (Covid-19) pandemic.

Australia Organic Fertilizers Market Key Players: 
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as Neutrog Australia, BioAg Pty Ltd, Fertoz Agriculture Pty Ltd, Sustainable Farming Solutions Pty Ltd.

Australia Organic Fertilizers Market Segmentation:

By Source: Based on the Source, Australia Organic Fertilizers Market is segmented as; Plant-Based Organic Fertilizers, Animal-Based Organic Fertilizers, Mineral-Based Organic Fertilizers.

By Crop Type: Based on the Crop type, Australia Organic Fertilizers Market is segmented as; Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Others.

By Nutrition Content: Based on the Nutrition Content, Australia Organic Fertilizers Market is segmented as; Presence of Organic Substance up to 60%, Presence of Organic Substance from 40% to 60%, Presence of Organic Substance from 20% to 40%.

By Form:  Based on the Form, Australia Organic Fertilizers Market is segmented as; Dry Organic Fertilizers, Liquid Organic Fertilizers.

By Region: This research also includes data for Western Australia, New South Wales, Queensland, Victoria, Rest of Australia.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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