July 24, 2022 20:00 ET | Source: FACT.MR FACT.MR
Seoul, South Korea, July 25, 2022 (GLOBE NEWSWIRE) -- Fact.MR, a market research and competitive intelligence provider, says that the global Organic Fertilizer Granulators market is slated to reach US$ 874 Million in 2022 and grow at a decent rate 5.2% between 2022 and 2032. With rising emphasis on fitness and health, the end-consumers are into adopting healthy lifestyle habits. This has, in turn, resulted in better consumption of fresh fruits and vegetables. Compound Fertilizer Production Line
Growing benevolence regarding adverse effects of chemicals in agriculture coupled with growing preference for the organic produce is expected to revolutionize the organic fertilizer granulators market.
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Granular fertilizer-making machines to play a vital role in the management of organic waste for creating organic fertilizers. This granulation is usually done at a huge scale for devising effective quantities of fertilizer and render the operation cost-effective.
Which Factors are Shaping Organic Fertilizer Granulator Sales?
“Rising Focus on Sustainability – Key Driving Factor for Market”
Over the past few years, focus on sustainability has increased rapidly and this trend is expected to be rife across the forecast period as well.
Investments in the waste management industry have increased and governments across the world are launching supportive initiatives to promote the production of organic fertilizers and manage waste in the most effective manner possible.
Subsidies and favourable initiatives by governments are expected to aid organic fertilizer granulator manufacturers and push them to launch new innovative products in the global marketplace.
“Lower Efficacy of Organic Fertilizers Compared to Inorganic Counterparts Hampering Market Growth”
Organic fertilizers though popular and preferred by many people across the world have not been as extensively used due to their lower effectiveness as compared to inorganic and chemical-based fertilizers that are used widely.
The presence of several significant market players in the chemical-based fertilizer market also has a hindering effect on the sales of organic fertilizer granulators. Lower utilization of organic fertilizers is anticipated to be a major challenge for organic fertilizer granulator manufacturers over the forecast period.
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Key Segments Covered in the Organic Fertilizer Granulators Industry Survey
The key players are into organic modes of development to strengthen their position in the organic fertilizer granulators market. They include SUZEN Enterprises, Zhangjiagang Mooge Machinery Co. Ltd., FEECO International Inc., and Zhengzhou Victor Machinery Co Ltd.
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Key players in the Organic Fertilizer Granulators Market
Key Takeaways from Organic Fertilizer Granulators Market Study
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