Blue-green Algae Fertilizer Market Size

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.

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 Size