Seaweed Fertilizers Market To Grow With an Impressive CAGR During the Forecast Period
Inclination toward kelp farming is
driving the growth in Global Seaweed Fertilizers Market in the forecast period,
2022-2026.
According
to TechSci Research report, “Global Seaweed Fertilizers Market By Form (Liquid v/s
Powder), By Application (Farm, Garden, Others), By Region, Competition Forecast
& Opportunities, 2026”,
the global seaweed fertilizers market would potentially project an impressive
growth in the forecast period, 2022-2026, with an impressive CAGR on the
account of increasing demand for the seaweed extracts in agricultural sector.
Seaweed extracts are a good resource for seed germination and when used with
the NPK fertilizers (nitrogen, phosphate, and potassium) the seaweed
fertilizers improve the efficiency of the fertilizers and thus supports the
future growth of the global seaweed fertilizers market in the next five years.
World population is rapidly rising and demand for the higher yield of the crops
is surging, using seaweed fertilizers is an organic approach to increase the
yields of the crop therefore aiding the growth of the global seaweed
fertilizers market in the future five years. Government and non-government
initiatives toward organic fertilizers keeping in mind the harmful effects of
chemical fertilizers due to environmental factors and economic changes is also
substantiating the future growth of the global seaweed fertilizers market in
the forecast period, until 2026.
Seaweed extracts are important resource of
essential nutrients for the plants that is used as an integral ingredient in
seaweed fertilizers. Chemical fertilizers are often very harmful and may cause
adverse effects to the environment, soil, and air. Seaweed fertilizers contains
higher nutrient count and does not create any kind of harmful effects for the
environment. Pests like aphids, red spider, and slugs can also be controlled
with the usage of seaweed fertilizers. Researchers are evolving the method of
applications such that efficient spread of the seaweed fertilizer may help with
the agricultural practices and gardening practices. Although excessive and
unconcerned usage of seaweed fertilizers is harmful for human health, thus
proper monitoring during application is required.
Browse over XX market data Figures spread through 110 Pages and an in-depth TOC on " Global Seaweed fertilizers Market"
The global seaweed fertilizers market segmentation
is based on form, application, competitional landscape, and regional
distribution. Based on application, the market is further bifurcated into
garden, farms, and others. Use of seaweed fertilizers in farms all around the
globe are expected to register highest volume of sales in the upcoming five
years and dominate the market segment on the account of advanced agricultural
practices and promotion of organic farming methods. Constant monitoring of
agrochemicals along with rapidly increasing product innovations for the
advanced farming practices is driving the growth of the segment as well as the
global seaweed fertilizers market in the next five years.
Based on form, the market is further divided
between powder form of seaweed fertilizer and liquid form of seaweed
fertilizers. Powder form of the seaweed fertilizers is anticipated to show
significant growth with impressive CAGR in the upcoming five years, on the
account of surging demand for the same for home gardening. Moreover, properties
of the powder fertilizer, like 100% solubility, and resistance against drought,
heat, and frost. Additionally, powder fertilizers are active for reducing plant
shock, helps in promoting seed germination along with higher nutrient uptake
that enhances the use of fertilizers and supports the surge in demand for the
same in the market. These factors are thereby supporting the growth of the
global seaweed fertilizers market in the future five years.
Major market players of the global seaweed
fertilizers market 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., Omex
Agricultural Holdings Limited, Neptune's Harvest, Organic Ocean Inc., Herbal
Agro Organics, SeaNutri LLC, Dr. Earth Inc., Hydrofarm LLC, The Espoma Company,
Agri Bio Care India, among others that hold larger shares of the market. Several
market players are actively involved in the research and technological
development in the product developments. The advanced technology has made it
possible for the industry to provide excellent services through seaweed
fertilizers. Further advancement would aid the market value and brand
establishment in the future five years. New market players may focus on the
research and development to provide options that satisfies the consumer demand
as well as benefits the market players in building their brand value. Other
competitive strategies include mergers & acquisitions and new product
developments.
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“Asia Pacific region is expected to show
robust growth in the future five years. The countries like India, China, South
Korea are highly efficient in the usage of seaweed fertilizers. The countries
are also well-known as agriculture giants in terms of expanding agriculture
sector in these countries. North America region is anticipated to advance its
market on the backbone of advancing technological developments in the
agricultural sector in the countries like United States and Mexico. New market
players may focus on the research and development for better products and
geological analysis for the future brand establishments,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based Global
management consulting firm. “Global Seaweed Fertilizers Market By Form (Liquid
v/s Powder), By Application (Farm, Garden, Others), By Region, Competition
Forecast & Opportunities, 2026”, has evaluated the future
growth potential of global seaweed fertilizers and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in global seaweed fertilizers market.
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