Blue-green Algae (BGA) Fertilizer Market Size & Share, by Crop-Type (Grains & Cereals, Commercial crops), End-user (Organic Farms, Nursery, Domestic) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 3362
  • Published Date: Jul 23, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024 - 2036

Blue-green Algae Fertilizer Market size was valued at USD 729.6 Million in 2023 and is projected to exceed USD 9.27 Billion by the end of 2036, registering over 21.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of blue-green algae (BGA) fertilizer is evaluated at USD 871.43 Million.

With the rising interest in organic farming and the shift towards healthier and more sustainable food production methods, there is an increasing demand for organic fertilizers. Globally. Organic farmland increased by 3.0 million hectares (4.1 percent) in 2020. Blue-green algae-based fertilizers, being a natural and organic option, align well with the needs of organic farmers and can gain traction in this market.


Blue-green Algae (BGA) Fertilizer Market Overview
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Blue-green Algae Fertilizer Sector: Growth Drivers and Challenges

Growth Drivers

  • Improved soil health and plant growth- Blue-green algae fertilizers are known to enhance soil structure and nutrient content, promoting better plant growth and crop yields. As agriculture faces the challenge of feeding a growing global population, farmers are continually seeking more efficient and effective ways to improve crop productivity, making blue-green algae fertilizers an attractive choice.
  • Advances in Research & Development - Ongoing research and development in the field of biotechnology and agriculture may lead to advancements in blue-green algae fertilizer formulations. If these advancements result in more cost-effective, efficient, and convenient products, they can drive greater adoption of such biofertilizers.
  • Government support and incentives- Some governments offer incentives and subsidies to promote sustainable and eco-friendly agricultural practices. As part of their efforts to reduce chemical fertilizer usage and its environmental impact, governments may encourage the adoption of alternative fertilizers like blue-green algae-based products, thereby boosting the blue-green algae fertilizer market.

Challenges

  • Limited awareness and knowledge-One of the primary obstacles to the blue-green algae fertilizer market is the lack of awareness and understanding among farmers and consumers. Many potential users may not be familiar with the benefits and proper application of blue-green algae fertilizers, leading to hesitancy in adopting these products.
  • High production costs
  • Variable product quality

Blue-green Algae Fertilizer Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

21.6%

Base Year Market Size (2023)

 USD 729.6 Million

Forecast Year Market Size (2036)

 USD 9.27 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Blue-green Algae Fertilizer Segmentation

Crop Type (Grains & Cereals, Commercial crops)

Grains and cereals account for a significant market share due to the nitrogen-fixing capabilities of BGA fertilizer and low-cost inputs. With vast rice production, the BGA fertilizer market is experiencing significant growth. Rice production in 2021 was estimated to be around 212 million metric tons.

End-User (Organic Farms, Nursery, Domestic)

Organic farms account for the majority of the blue-green algae fertilizer market share of 54% because BGA fertilizers are more commonly employed in organic farms since they produce compounds that increase the quantity of organic matter in the soil. These are great solutions because they assist both the environment and the economy while providing nutrients to crops at an affordable price.

Our in-depth analysis of the global market includes the following segments:

    Crop Type

  • Grains & Cereals
  • Commercial crops

    End-User

  • Organic Farms
  • Nursery
  • Domestic

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Blue-green Algae Fertilizer Industry - Regional Synopsis

North American Market Forecast

The blue-green algae fertilizer market in North America is anticipated to hold a major revenue share of 40% by the end of 2036. This is primarily accounted for owing to the country's strong and sustainable agriculture system and rising demand for bio-fertilizer in the region. Additionally, regions with a concentration of specialty crop production, such as Florida for citrus fruits or Idaho for potatoes, could also see increased adoption of blue-green algae fertilizers. The region’s environmentally friendly practices drive the demand for bio-based fertilizers in various crop types.

European Market Statistics

Europe blue-green algae (BGA) fertilizer market is expected to grow at a significant rate during the forecast period, owing to the European Union's ongoing encouragement of biofertilizers as cost-effective, advising farmers to optimize the application of chemical fertilizers or replace them entirely or partially with eco-friendly ones to result in better economic returns. The EU Common Agricultural Policy encourages the use and adoption of bio-based goods and organic farming. It directs up to 30% of the money to farmers to preserve sustainable farming practices.

Research Nester
Blue-green Algae (BGA) Fertilizer Market Share
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Companies Dominating the Blue-green Algae Fertilizer Landscape

    • Coromandel International Limited
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis

     

    • The Scotts Company LLC
    • Tata Chemicals Ltd. 
    • LidoChem, Inc.
    • OMRI 
    • Grace Breeding Ltd
    • The Fertilisers And Chemicals Travancore Limited
    • MADRAS FERTILIZERS LIMITED 
    • Paradeep Phosphates Ltd. 
    • California Organic Fertilizers, Inc.
    •  Dimiagro.
    • Incitec Pivot Fertilisers

In the News

  • A bioactive derived from "blue-green" algae (Cyanophyta) can uproot and accelerate growth in plants like soybeans and corn by up to 10%. This microorganism from the Pantanal basin has been used to create a product created by Embrapa Energia and the business Dimiagro. It sends a chemical signal to vegetables to support physiological processes, which increases their vitality and productivity.
  • Evolva collaborates with Grace Breeding to replace chemical fertilizers with organic alternatives.

Author Credits:  Nilanjana Ray


  • Report ID: 3362
  • Published Date: Jul 23, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of blue-green algae (BGA) fertilizer is evaluated at USD 871.43 Million.

The blue-green algae (BGA) fertilizer market size was valued at USD 729.6 Million in 2023 and is projected to exceed USD 9.27 Billion by the end of 2036, registering over 21.6% CAGR during the forecast period i.e., between 2024-2036. Improved soil health and plant growth, supportive government policies and incentives, and advances in research and development are some of the major growth drivers for the market over the forecast period.

North America is anticipated to hold a major revenue share of 40% by 2036, propelled by rising strong and sustainable agriculture system along with rising demand for bio-fertilizer in the region.

Coromandel International Limited, LidoChem, Inc., OMRI, Grace Breeding Ltd, The Fertilisers And Chemicals Travancore Limited, MADRAS FERTILIZERS LIMITED, Paradeep Phosphates Ltd., California Organic Fertilizers, Inc., Dimiagro., Incitec Pivot Fertilisers
Blue-green Algae Fertilizer Market Report Scope
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