Market Trends of North America Biological Organic Fertilizer Industry
This section covers the major market trends shaping the North America Biological Organic Fertilizer Market according to our research experts:
Growing Organic Food Industry
Growth in the organic food industry is driving the organic fertilizer market. The shift in preference towards the residue-free, safe, and healthy food is driving the agriculture industry to use chemical-free cultivation practices, which is driving the growth of the organic fertilizer market. According to the report, the US organic food sales amounted to about 47.86 billion US dollars in 2018. This factor highlights the scope for the growth of the biological organic fertilizer market.
Increasing Practise Of Organic Farming
Increased concern about the environment has paved the way for the use of bio-based organic fertilizers. Increasing the cost of chemical fertilizers and push from governments for sustainable farming is enabling the farmers to adopt organic farming practices. This, in turn, increases the demand for the biofertilizers. The area under organic farming in the United States is constantly increasing, which indicates the demand for organic fertilizer. The area under organic farming in the United States has increased from 1,769,001 hectares in 2010 to 2,023,430 hectares in 2018. The increasing preference towards organic methods of cultivation in the country has further driven the plant growth regulators market
