Poultry Manure Biofertilizers Market Updates, Growth, Business Prospects, Forthcoming Developments and Future Investments by Forecast to 2030
The global poultry manure biofertilizers market size is forecast to showcase astonishing growth owing to the increasing prevalence of organic farming in the agriculture space, observes Fortune Business Insights™ in an upcoming report, titled, “Poultry Manure Biofertilizers Market Size, Share & Industry Analysis, By Application (Soil Treatment, Seed Treatment), By Crop Type (Cereals, Oilseeds & Pulses, Fruits & Vegetables, Others) and Regional Forecast, 2023-2030.” These biofertilizers comprise high amount of nitrogen, phosphorus, and potassium compared to other animal manures. They are preferred for usage in the vegetable garden.
The emergence of COVID-19 has created a global panic about zoonotic diseases, which had resulted in the low consumption of meat in the initial stage of the pandemic. This has further negatively impacted the poultry breading business, partially affecting the poultry manure biofertilizers industry. Major companies are working on devising a strategy that would help them recover the losses. At Fortune Business Insights, we will provide you productive data organized as per the requirement of the market through our comprehensive market reports.
Highlights of the Report:
In order to prepare this report, we have captured data on the revenue of several key players through secondary sources such as company websites, corporate filings, annual reports, and investor presentations. We have conducted extensive interviews with key industry experts, such as CEOs, VPs, directors, and executives in order to track and analyze competitive developments such as partnerships, mergers & acquisitions, new product launches, and research & development activities. Our next step included the bottom-up procedure to arrive at the overall size of the market.
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Drivers & Restraints-
Increasing Adoption of Organic Farming Globally to Drive Growth
The increasing adoption of organic farming owing to its benefits, such as improved soil fertility and nutrient retention, is expected to drive the growth of the global poultry manure biofertilizers market. In addition, rising concerns regarding food security due to the ever-increasing global population are expected to further enhance growth. For instance, according to the UN Department of Economic and Social Affairs (DESA), the human population worldwide is estimated to reach 8.6 billion by 2030. However, the high adoption of synthetic fertilizers over biofertilizers is expected to hinder growth.
Highest Production Rate of Organic Agriculture to Help Asia Pacific Dominate
Asia Pacific is anticipated to dominate the global poultry manure biofertilizers market owing to the highest number of producers and largest area for organic farming. For instance, according to the data presented by the Organic-World.net, China owns the largest real-estate for organic agriculture (3 million hectares) whereas India comprises the most producers (835,000 producers).
The market in North America is projected to showcase substantial growth in the forecast timeline. The increasing demand for organic food products among consumers is estimated to drive the growth of poultry manure biofertilizers in the region.
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Adopting Expansion Strategies to Aid Key Players Gain Competitive Edge
Major players operating in the global poultry manure biofertilizers market include manufacturers, multinational corporations, and others. These enterprises are adopting different strategies, such as mergers and acquisitions, new product launches, and collaborations, to gain a competitive edge in the market.
- In November 2019, Ductor, a Finnish-Swiss biotechnology company, introduced its first commercial scale biofertilizer and bogus-producing facility in Mexico, which uses 100% poultry waste.
- In March 2015, The Paramparagat Krishi Vikas Yojna by the Indian Government endorsed commercial organic production through certified organic farming. This initiative is encouraging growers to embrace organic farming practices.
A List of Key Manufacturers Operating In the Global Poultry Manure Biofertilizers Market Report:
- Fabon Agro
- Jaipur Bio Fertilizers
- Ductor Oy
- Lallemand Inc.
- National Fertilizers Limited
- Australian Bio Fert Pty Ltd.
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