JERSEY CITY, NJ, May 09, 2023 (GLOBE NEWSWIRE) — InsightAce Analytic Pvt. Announces Release of Market Assessment Report on “Global Green Fertilizer Market Analysis Report, Stocks and Trends by Technology (Alkaline Water Electrolysis, Proton Exchange Membrane and Solid Oxide Electrolysis) and Fertilizers (Packaging, Ammonium Nitrate (AN) and Calcium Ammonium Nitrate (CAN) Market forecast and industry analysis 2031
Globalism green fertilizer market estimated at Reaching more than $3.25 billion by 2031show – display Compound annual growth rate of 5.64% during the forecast period.
Green fertilizers are nitrate-based mineral fertilizers that have the same biological and chemical composition as fertilizers made from fossil fuels (natural gas, coal, and oil). However, their environmental impact is much less because they are made from renewable energy (hydro, wind, solar). In other words, using green fertilizers is an easy, low-impact, non-fossil strategy for reducing carbon emissions in food production. The effects of climate change on local agriculture can now be seen in the form of shortages, droughts, heavy rains and increased insect infestations.
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Population growth, economic growth and rapid urbanization will contribute to a significant increase in these factors. The market for organic fertilizers has witnessed an exponential expansion due to reasons such as the growing demand for increased agricultural production and the awareness of the harmful effects of chemical inputs and the advantages of using organic fertilizers. The high cost of organic fertilizers is a significant factor that is expected to limit the growth of the organic fertilizers market. Too little organic fertilizer also takes longer to make the lawn green and can lead to plant deficiency in the months after the initial fertilizer application.
Furthermore, the number of nutrients present in compost often needs clarification. By reducing the entry of hazardous chemicals into water bodies, which promote algae growth, organic fertilizers increase soil fertility and conserve water.
Recent developments:
- In March 2019, Italpollina SpA purchased Horticultural Alliance, Inc. , a Florida-based company. The Organic Plant Health and Management Division of the Horticultural Alliance, Inc. (United States of America). In addition, Italpollina SpA has created a new company in the United States to produce and market organic fertilizers throughout North America.
List of Major Players in Green Fertilizer Market:
- Yara International ASA
- Siemens Energy
- Origin Energy Limited
- Iberdrola, SA
- HY2GEN AG
- energy cell
- Haldor Topsur A/S.
- H2U Technologies, Inc.
- fusion fuel
- Final praise
- Eneus Energy Limited
- Energy Inax
- Dyno Noble
- CF Industries Holdings, Inc.
- Balance Agro-Nutrients
- Acker Clean Hydrogen
- Air Products Inc.
- ACME Group
Scope of the Green Fertilizer Market Report:
| report attribute | to set |
| Market size value in 2022 | $2.01 billion |
| Revenue forecast in 2031 | 3.25 billion US dollars |
| CAGR growth rate | A compound annual growth rate of 5.64% from 2023 to 2031 |
| Quantitative units | Representation of revenue in US$ million, volume (tons) and CAGR from 2023 to 2031 |
| Historic year | 2019 to 2022 |
| prediction year | 2023-2031 |
| report coverage | Revenue forecasts, company positioning, competitive market statistics, growth prospects, and trends |
| sectors covered | Technology and fertilizers |
| regional scope | north america; Europe; Asia and the Pacific; latin america; Middle East and Africa |
| Country range | we; Canada; United kingdom; Germany; China; India; Japan; Brazil; Mexico; United kingdom; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
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Market dynamics:
Drivers:
The market is primarily driven by the growing number of organic farms, the global acreage, and the growing preference for organic food products due to their numerous benefits in health and fitness. In addition, increasing access to animal and plant waste and improvements in the green fertilizer production process are expanding the market for suppliers of these commodities.
Challenges:
The high cost of the green fertilizer industry is a big factor that is expected to reduce the demand. Too little green fertilizer can take longer to turn your lawn green, and some can deplete plant nutrients in the months after the original fertilizer. Secondly, he often needs to say how many nutrients are in the organic fertilizer. Because green fertilizers break down nutrients more slowly than synthetic fertilizers, and some have unpleasant odors, they can only be used occasionally in indoor gardens. Market expansion must be improved by the above limitations.
Regional trends:
North America green fertilizer market is expected to record significant revenue market share. The presence of major green fertilizer manufacturers and important technology suppliers, the adoption of stringent laws and the growing trend of green fertilizer usage are all factors that are influencing the growth of the green fertilizer market in the United States. Besides, Europe had a large share of the market. Long-term investments are expected to result in only a slight increase in efficiency due to the physical and chemical limitations of current technology. Despite being older on average, Europe’s ammonia facilities are still among the most energy efficient in the world and emit the lowest carbon dioxide emissions. Young plants are often very effective.
Green Fertilizer Market Segmentation-
By technology:
- Electrolysis of alkaline water
- proton exchange membrane
- Solid oxide electrolysis
By fertilizer:
- Packaging
- ammonium nitrate (AN)
- Calcium ammonium nitrate (CAN)
By region-
north america-
Europe-
- Germany
- United kingdom
- France
- Italy
- Spain
- Rest of Europe
Asia Pacific-
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
latin america-
- Brazil
- Argentina
- Rest of Latin America
Middle East and Africa-
- Gulf Cooperation Council countries
- South Africa
Rest of the Middle East and Africa
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