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Seaweed Biofertilizers Market

Seaweed Biofertilizers Market

Seaweed Biofertilizers Market Analysis By Form (Powder Seaweed Biofertilizer & Liquid Seaweed Biofertilizer) By Application (Farm, garden & Others) By Region – Global Market Insights 2022 to 2032

Seaweed Biofertilizers Market
FACT7438MR

Seaweed Bio-fertilizers Market Outlook (2022-2032)

The global Seaweed Bio-fertilizers market is estimated at US$ 14.2 Mn in 2022 and is projected to reach a valuation of US$ 30.5 Mn by 2032, expanding at a CAGR of 8% through the forecast period of 2022-2032.

Attribute

Details

Seaweed Bio-fertilizers Market Size (2021A)

US$ 13.5 Mn

Market Forecast Value (2032F)

US$ 30.5 Mn

Global Market Growth Rate (2022-2032)

8% CAGR

North America Market Share

~21.2%

Top 2 Seaweed Bio-fertilizers Manufacturers’ Market Share

~36.7%

Key Companies Profiled

  • Fox Farm Soil & Fertilizer Co.
  • Grow More Inc.
  • Maxi Crop (UK) Limited Kelp Products International
  • Technaflora Plant Products Ltd.
  • Zhejiang Dongyang Lianfeng Biological Technology Co., Ltd.

The use of seaweed fertilizer may increase the resistance of plants to cold and extreme temperatures. The mineral, micronutrient, vitamin, and fatty acid content of this fertilizer is greater when compared to artificial fertilizers. It also has a larger percentage of organic matter. Because of these characteristics, Seaweed Bio-fertilizers promote plant and agricultural growth while maintaining or improving soil quality.

Growing awareness of the hazards of synthetically produced agrochemicals is anticipated to have an influence on the market for seaweed fertilisers, as organic fertilisers gain in importance as a consequence of growing awareness of the dangers of synthetically produced agrochemicals.

The rapid rise in health and environmental concerns associated with the demand for organic food, as well the rise in income levels, are also expected to act as key determinants favoring the growth of the Seaweed Bio-fertilizers market over a five-year period from 2022 to 2032, according to industry analysts.

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Seaweed Bio-fertilizers Consumption Analysis (2017-2021) Vs. Market Outlook (2022-2032)

As per the latest industry analysis by Fact.MR, market research and competitive intelligence provider, global Seaweed Bio-fertilizers consumption over the past half-decade increased at a CAGR of around 7.5%.

A compound annual growth rate (CAGR) of over 8% is expected for the worldwide Seaweed Bio-fertilizers market between 2022 and 2032, according to industry forecasts. The increased interest in seaweed as a food and feed source is the primary factor driving the industry's development. This has a direct effect on the acquisition of seaweed fertilizer, which will increase the demand for the global market in the global Seaweed Bio-fertilizers market in the years following decade.

In general, Seaweed Bio-fertilizers that are biologically active are high in organic as well as inorganic substances, such as auxins, cytokinin, gibberellins, complex sugars, and amino acids. These can also be used as growth stimulants for seaweeds, or even as a nitrogen source for them.

The presence of all of these nutrients ensures that seaweed develops appropriately, which will drive the growth of the global Seaweed Bio-fertilizers market over the next ten years, according to industry analysts.

Even though synthetic fertilizers have some negative effects on the environment and several countries have implemented regulations on the use of synthetic Seaweed Bio-fertilizers, which can only have a minor impact on the annual growth of the market.

However, continuous efforts from research organizations to develop fertilizers that are non-lethal and non-harmful to the environment will help to support the growth of the global Seaweed Bio-fertilizers market in the next five years.

Country Wise Analysis

Why is North America a Prominent Market for Seaweed Bio-fertilizers Sales?

Owing to its growing focus on bio-based agricultural methods, North America stands as the prominent market for Seaweed Bio-fertilizers. The growing consumer focus on food sources has led food producers to source select farm products from organic farmers. This has led to the surge in demand for bio-based agricultural inputs such as Seaweed Bio-fertilizers in North America.

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Category Wise Analysis

Which form of Seaweed Bio-fertilizers is projected to hold the leading Market Share?

“Seaweed Bio-fertilizers as dry form Projected to Account for Larger Share”

As of 2021, Seaweed Bio-fertilizers in powder form were most popular on the worldwide market, accounting for more than 50% of total sales. Dry fertilizers are put on the land before planting in order to improve soil quality since they provide nutrients for a longer length of time than liquid fertilizers.

In comparison to their liquid counterparts, they have a longer shelf life and are simpler to store. Aside from that, the powder form improves the soil composition and facilitates nutrient absorption.

Which segment of Seaweed Bio-fertilizers is Set to Garner High Share?

“The growing applications of Seaweed Bio-fertilizers in the organic farming will drive the overall market “

Farm applications will continue to dominate the worldwide market in 2032, with a revenue share of more than 80%. In response to the increased demand for organic food and farming, organic treatments in agriculture, such as Seaweed Bio-fertilizers, have seen an increase in their use.

Due to its broad variety of uses, which include fruits, vegetables, and crops, as well as the fact that its usage enhances production, it is expected to become a more feasible alternative to synthetic fertilizers in the coming years.

As people have become more cognizant of the relevance of organic food in their lives, seaweed fertilizer has gained in importance in the last decade, not just on farms but also in gardens and other landscapes. Plant growth is aided with seaweed fertilizer, which is preferred above other organic fertilizers by gardeners since it contains critical nutrients for plant development and is less costly.

Competition Landscape

With the growing use of seaweed in a variety of applications, including fertilizers, the market is fiercely competitive. With rising demand from agricultural sector, competition is projected to heat up even further in the coming years.

Companies are likely to investigate expansion opportunities in important growth nations in Asia Pacific, where penetration is low. Dr. Earth, Kelpak, FoxFarm, Espoma, Grow More, Hydrofarm, Maxicrop, MAX SEA, and Technaflora Plant Products are some of the key participants in the seaweed fertilizer business.

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Key Segments Covered in Seaweed Bio-fertilizers Industry Survey

  • By Form :

    • Powder
    • Liquid
  • By Application :

    • Farm
    • Garden
    • Others
  • By Region :

    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • UK
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
    • Asia Pacific
      • China
      • India
      • Australia
      • Japan
      • Indonesia
      • South Korea
      • Rest of APAC
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE
      • Rest of MEA

- FAQs -

Currently, the global Seaweed Bio-fertilizers market is valued at US$ 13.5 Mn.
Seaweed Bio-fertilizers’ consumption value is expected to increase at a CAGR of around 8% during the period 2022-2032.
In terms of consumption value, Seaweed Bio-fertilizers increased at a CAGR of around 7.5% during 2017-2021.
Key Seaweed Bio-fertilizers suppliers can be mainly seen involved in innovation and R&D along with production capacity expansion.
Top Seaweed Bio-fertilizers manufacturing companies are Fox Farm Soil & Fertilizer Co., Grow More Inc., Maxi crop (UK) Limited, Kelp Products International, Technaflora Plant Products Ltd., Zhejiang Dongyang Lianfeng Biological Technology Co., Ltd.
North America is estimated to hold around 21% share of the global Seaweed Bio-fertilizers market.

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