Global Organic Fertilizer Market
According to a new report published by Ultra Market Research, titled, “Organic Fertilizer Market Insights, Trends, Opportunity & Forecast, 2020–2025,” the global Organic Fertilizer market size is anticipated to at a witness single digit growth during forecast period i.e. 2020-2025. North America and Europe collectively accounted for large share of market, due to high standards and guidelines regarding cleanliness in hospitals, clinics and related infrastructure.
The market for organic fertilizers is being driven by rising demand for organic foods and increased awareness about environmental safety. Furthermore, the abundant supply of organic waste and advancements in organic fertilizer manufacturing techniques promote the market's expansion. The organic farming sector has grown in response to the increased demand for organically produced food. Organic fertilizers are in high demand as a result of the growing organic farming sector, as organic fertilizers can increase the soil's overall fertility and viability.
North America accounted for largest market share in the Organic Fertilizer market. In North America, United States is offering growth opportunity during forecast period. Factors such as growing reliance on inorganic techniques of cultivation, and increasing food demand, farmers are gradually relying on the application of synthetic fertilizers to enhance the efficiency of the cultivated land.
According to form, the dry segment for significant portion of market share during 2019. This can be attributed to increasing demand for organic fertilizer that are dried product. Also, surge in spending on dry organic fertilizers is favoring the growth of market.
The global Organic Fertilizer market is segmented into form, source, application and region. Based on form, the market is bifurcated into Dry and Liquid. Based on source, it is classified into Plant Based Fertilizer, Animal Based Fertilizer, and Others. Based on application, it is classified into Farming, and Gardening.
The global Organic Fertilizer market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa). Asia Pacific market is expected to witness lucrative growth during the forecast period. China, India, Japan and Korea are key contributors to the growth of Organic Fertilizer in Asia Pacific.
Impact of COVID-19
Global Organic Fertilizer has been positively impacted by the outbreak of COVID-19 pandemic. The market is anticipated to witness high growth rate as presented in previous estimates. Organic Fertilizer are being adopted due to awareness regarding the need for organic fertilizers. Furthermore, the demand for organic fertilizers has spiked during pandemic which is also contributing to the growth of Organic Fertilizer market.
Key Insights of Organic Fertilizer Market
On the basis of form, the dry segment will be major contributor to the growth of market.
On the basis of application, the farming segment captured highest share of the Organic Fertilizer market in 2019.
On the basis of region, North America accounted for largest regional market the overall market in 2019.
On the basis of region, Asia-Pacific is predicted to observe swift growth rate during the forecast period.
Some of the major Organic Fertilizer companies profiled in the report include
- Coromandel International Limited
- ILSA SpA
- Italpollina SPA
- Biostar Systems, LLC
- The Scotts Miracle-Gro Company
- Bio Nature Technology PTE Ltd
- Multiplex Group
- Herbal Agro Organics
- True Organic Forms, Inc
- Tata Chemicals Limited.
The global healthcare facilities management market size is predicted to surpass US$ 400 billion by 2027, growing at a compound annual growth rate (CAGR) of around 12.98% during period 2020 to 2027.
Growing focus on health and wellness will infuse more facets of business and private life during coming years. Healthcare facility management market is observing a change in technology to advance facility monitoring, efficiency and cost effectiveness. IoT is anticipated to transform the current healthcare BAS (Building Automation System). Implementation of new ICT such as IoT by facility management service providers is anticipated to empower healthcare facilities access real-time information via interconnected sensors that may aid them to enhance manage their business.
Healthcare has emerged as one of the most promising sectors due to growing number of patients and increasing healthcare spending by the private and public participants in healthcare systems. In 2017, according to the CMS (Office of the Actuary) report, the U.S. spent around USD 3.5 trillion on healthcare sector and this number was augmented to around USD 3.8 trillion in 2019. Thus there has been excellent growth in the healthcare expenses that has led to the expansion of numerous facilities in clinics or hospitals for the welfare of patients. These factors are propelling the growth of healthcare facilities management market across the world. Hospitals and clinics are expected to observe profitable progress because of the growing awareness about the cleanliness required to evade scattering of diseases and responsiveness concerning the requirement for controlling the pollution of the environment. However, lack of technical expertise may impede the growth of the market in few regions.
Different services involved in the healthcare facilities management market include hard services and soft services. The hard services segment has been further bifurcated into many non-core healthcare services including air conditioning maintenance, plumbing, electrical maintenance, fire protection systems, mechanical and electrical maintenance, and other hard services like fabric maintenance.
