Sustainable Growth in the Global Green Manure Market

The Business Research Company’s Green Manure Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032

LONDON, GREATER LONDON, UK, December 21, 2023 /EINPresswire.com/ -- The global green manure market is poised for substantial growth, with expectations to increase from $2.03 billion in 2022 to $2.19 billion in 2023, reflecting a commendable Compound Annual Growth Rate (CAGR) of 8.01%. Projections indicate sustained expansion, with the market size projected to reach $2.84 billion by 2027, maintaining a robust CAGR of 6.67%.

Driving Forces: Rising Demand for Organic Food Products:
The exponential growth in the demand for organic food products emerges as a pivotal factor propelling the green manure market. Organic food products are increasingly preferred for their potential health benefits, aiding in the prevention of various diseases such as heart disease and blood pressure problems.
Organic farming methods, supported by the use of green manure, contribute to soil enrichment, erosion prevention, and weed growth inhibition. This creates an optimal environment for the cultivation of organic food products. For instance, a report by the Federal Ministry of Agriculture in Germany indicates a growing preference for organic products, with 38% of respondents expressing frequent (33%) or exclusive (5%) intention to purchase organic products in 2021. Future expectations show a rise to 47% intending to buy organic food frequently (41%) or exclusively (6%).

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Key Market Players:
Major contributors to the green manure market include prominent industry players such as Bio Greens, BioSTAR Organics, Agrocart, California Organic Fertilizers, Fertikal, Krishak Bharati Cooperative Limited (Kribhco), Midwestern Bio Ag, Biofa Gmbh, Qingdao Haidel Biotechnology Co Ltd., Viggi Agro Products, Humate (Tianjin) International Limited, Shree Raghvendra Agro Processors, Hello Nature USA Inc., Seek Bio-Technology (Shanghai) Co Ltd., and Kelpak. Their collective expertise and strategic initiatives significantly influence market dynamics.

Sustainable Agriculture Adoption: Green Manure in Sustainable Agriculture:
A prominent trend in the green manure market is the adoption of green manure for sustainable agricultural practices. This approach aims to enhance soil health, minimize environmental pollution, reduce reliance on chemical fertilizers, and reap additional benefits.
Sustainable agriculture prioritizes long-term crop and livestock growth while minimizing environmental impact. For instance, Nurture.farm, an India-based sustainable agriculture solutions provider, launched an initiative to combat stubble burning. This involves treating stubble with a bioenzyme, transforming it into manure organically within 20–25 days.

Regional Dynamics: Asia-Pacific Leadership:

Asia-Pacific emerged as the largest region in the green manure market in 2022 and is anticipated to continue as the fastest-growing region in the forecast period. Regions covered in the market share report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Market Segmentation:

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Green Manure Global Market Report 2023 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.

The Green Manure Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on green manure market size, green manure market drivers and trends, green manure market major players, competitors' revenues, green manure market positioning, and green manure market growth across geographies. The green manure market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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