Southeast Asia Organic Fertilizer Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2027

The Southeast Asia Organic Fertilizer Market is estimated to witness a rise in revenue from US$ 778.8 Mn in 2021 to US$ 1,265.3 Mn by 2027. The market is registering a CAGR of 8.4% during the forecast period 2022-2027. In terms of volume, the market is registering a CAGR of 7.5% during the forecast period 2022-2027.

Organic fertilizers are naturally produced and contain carbon. Organic fertilizers are naturally available mineral sources that balance the nutrient content of the soil, for plants to grow healthy and enhance production capacity and quantity. Organic fertilizers are an eco-friendly solution which maintains the natural fertility of soil without containing any toxin or chemicals. Moreover, plant-based fertilizers are based on materials, such as alfalfa meal, compost, seaweed and crop residues. Furthermore, the animal-based fertilizers are manure, bone meal, or blood meal, or animal manure. Mineral based fertilizers can add nutrients to the soil, as well as raising or lowering the pH level when needed for healthy plant growth. Some of these types of organic fertilizer include calcium, epsom salt, etc.

Market Dynamics

The major factors responsible for the growth of the Southeast Asia organic fertilizer market are rising awareness regarding environmental safety and increasing land area under organic cultivation. Growing awareness regarding adverse effects of chemical fertilizers has also led to the growth in the demand for organic fertilizers. Moreover, the organic farming has rapidly been growing, thus the increasing land area under the organic cultivation is driving the growth of organic fertilizers market.  Furthermore, the increasing size of potential consumer base, in terms of organic food consumption will create a lucrative growth opportunity for the organic fertilizers market in the forecasting period. However, comparatively unfavourable cost and higher reliance on inorganic means of cultivation creates a significant barrier in the market growth. Also, the high dependency on the chemical fertilizers owing to the rise in crop production as chemical fertilizers are more economical than organic ones. 

Report Summary

The study of the Southeast Asia Organic Fertilizer Market considers various market determinants, industry value chain analysis and competitor analysis of the market. The report discusses the analysis of the organic fertilizer industry for the period 2017-2027, where the base year is 2021 and the forecast period is 2022-2027. The report provides a detailed analysis of the Southeast Asia Organic Fertilizer Market across 18 Chapters and 241 pages. The report includes data presentation across 83 tables and 100 statistical figures. 

The report provides PESTLE analysis, which is a tool to examine the external market environment factors that have an impact on the industry. The PESTLE analysis examines the Political, Economic, Social, Technological, Environmental and Legal factors in the external environment. Thus, sufficiently examining the threats and weaknesses of the industry. The research report also provides Porter’s five forces analysis wherein bargaining power of buyers and competitive rivalry is high.

The subsequent section provides details of the market analysis based on different segments such as source, form, nutrient content, crop type and country. The report includes detailed study of value chain of the industry. It includes raw material providers, manufacturing, distributors and end users. The report also covers extensively about the key competitors in the market for Southeast Asia organic fertilizer.

Impact of COVID-19 on Southeast Asia Organic Fertilizer Market 

The South-East Asia organic fertilizer market witnessed a slight decline in the recent outbreak of the COVID-19 pandemic. There was disruption in supply chain as the government bodies-imposed lockdown owing to which agriculture sector was impacted. Moreover, the farmers were not able to procure raw materials and fertilizers for the crop season. The demand for the organic fertilizer market is significantly reduced due to the reduced investments by government and private companies in fertilizer manufacturing. It further affects the crop cultivation and farming and consumption pattern of consumer, which may pose a negative influence on the market growth, amidst the pandemic.

Moreover, combined with the shutdowns and disruptions in fertilizer, the public and private companies delayed their investment or spending for expanding fertilizers manufacturing plants. This, in turn, is expected to limit the growth of the South-East Asia organic fertilizer market. 

Key Takeaways from the Southeast Asia Organic Fertilizer Market Report

• Based on source, the plant-based segment holds the highest share in the Southeast Asia organic fertilizer market in 2021 owing to the high demand for plants and plant parts for production of organic fertilizers. Whereas, animal-based source segment is anticipated to grow at the highest CAGR during the forecast period. 
• In terms of form, the dry fertilizer segment held the largest share in the organic fertilizer market in 2021 owing to longer shelf life, ease to transport and apply and cost-effectiveness. Moreover, the liquid fertilizer segment is expected to grow at the highest CAGR during the forecast period.
• On the basis of nutrient content, the presence of organic substance from 20% to 40% segment is estimated to hold the largest market share over the forecast period as they help in overcoming mineral deficiency in the soil and aid the crop by providing rich amount of nutrients for optimal produce. While, the presence of organic substance up to 60% segment is anticipated to project the highest CAGR during the forecast period.
• By crop type, the cereals & grains segment dominated the Southeast Asia organic fertilizer market in 2021 owing to the consumption of cereals and grains in large quantities. Moreover, the fruits and vegetables segment are expected to register the highest CAGR during the forecast period owing to high use of organic fertilizers in kitchen gardens which majorly produce fruits and vegetables.
• By country, Indonesia is expected to be the leading country in the Southeast Asia organic fertilizer market due to the growing government initiatives towards the use of organic fertilizers and offering subsidies for organic crop production. Moreover, Vietnam is expected to project the highest CAGR in the market during the forecast period owing to the growing demand for organic food by health concerned consumers coupled with rising awareness about the benefits of organic fertilizers over chemical ones.

Competitive Landscape

The key players in the Southeast Asia Organic Fertilizer Market are BACONCO Co., Ltd, Bio-Flora (Singapore) Pte Ltd., Biomax Technologies Pte. Ltd., Crop Agro, Cropmate Fertilizer Sdn. Bhd., Pt. Jadi Mas - Fertilizer Factory Indonesia, Pt. Tridharma Tata Perkasa, Song Gianh Joint-Stock Corporation, Stamford Resources Private Limited, Pupuk Kaltim and Liberco International Pte Ltd among others. Through extensive research, it is found that big players have adopted various competitive strategies such as mergers & acquisitions in order to have a grip of emerging market. Furthermore, leading companies are expanding their geographical boundaries by acquiring small brands and domestic companies.

Segmentation Overview 

Southeast Asia Organic Fertilizer Market is segmented based on source, form, nutrient content, crop type and country. The industry trends in the Southeast Asia organic fertilizer market are sub-divided into different categories in order to get a holistic view of the Southeast Asia marketplace. 

Following are the different segments of the Southeast Asia Organic Fertilizer Market:

By Source segment of the Southeast Asia Organic Fertilizer Market is sub-segmented into:

• Plant
• Animal
• Mineral

By Form segment of the Southeast Asia Organic Fertilizer Market is sub-segmented into:

• Dry
• Liquid

By Nutrient Content segment of the Southeast Asia Organic Fertilizer Market is sub-segmented into:

• Presence of Organic Substance up to 60%
• Presence of Organic Substance from 40% to 60%
• Presence of Organic Substance from 20% to 40%

By Crop Type segment of the Southeast Asia Organic Fertilizer Market is sub-segmented into:

• Cereals & grains
• Oilseed & pulses
• Fruits & vegetables
• Others

By Country segment of the Southeast Asia Organic Fertilizer Market is sub-segmented into:

• Burma (Myanmar)
• Cambodia
• Indonesia
• Malaysia
• The Philippines
• Singapore
• Thailand
• Vietnam