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Chicken Manure Fertilizer Market Segmented By application such as Field Crops, Fruit & Vegetables, Flowers, Trees & Shrubs in Dry and Liquid form
According to latest research conducted, the global market of Chicken Manure Fertilizer is expected to surge ahead at 10-12% CAGR in between the assessment period of 2021-2031.
Owing to its high nitrogen content, phosphorus and potassium presence, it is particularly used as an organic fertilizer, especially for soil which is low in nitrogen nutrients. Growing trend of organic farming, increased growth of agro-based industry and increased poultry breeding are aiding to drive the global market for Chicken Manure Fertilizer.
The global Chicken Manure Fertilizer market is likely to be fueled by a significant growth in demand for organic fertilizers in the agriculture as well as horticulture sectors, across developed as well as developing countries during the forecast period.
Owing to its unique properties, this fertilizer is one of the most desired organic manure because it contains organic matter and nutrients that are necessary for plant growth. The use of these bio-based manure fertilizers can enhance soil structure, boost topsoil fertility, and enhance crop production.
Furthermore, using chicken manure as fertilizer not only helps with waste management, but it also boosts the chemical, physical, and biological fertility of soils. As a result, many governments around the world are introducing various initiatives to encourage the use of organic fertilizers and organic farming, which is expected to increase demand for the market.
The global bio-based manure fertilizersmarket is primarily driven by the rising demand of organic ingredients from agriculture industry, whichis set to help raise the demand of the chicken manure based fertilizer. These fertilizer products are available easily and in a cheaper price when compared to many other chemical fertilizers.
Furthermore, due to the growing trend of organic farming, the consumption of such fertilizer is also expected to rise as soil fertility control helps to avoid nutrient imbalances, which can boost ultimate crop output, hence, the demand for product is expected to rise. Chicken manure based fertilizer includes minerals that ingrain micronutrients necessary for plant growth, particularly for organic producers.
In the global market for Chicken Manure Fertilizer, US is expected to witness demand growth at a significant rate. Owing to the popularity of organic food items among the American consumers, fertilizer producers are also commencing on research and development of novel poultry manure fertilizers, which is likely to stimulate demand the demand of chicken manure based fertilizer market too.
The need for such fertilizer is also expected to rise due to deteriorating soil and yield quality in small and medium farmlands. Also the presence of major manufacturing companies of these fertilizer products in the US also helps with ease access and availability to consumers.
Due to expansion in the agro sector, increased agricultural activities, and fast urbanization and changing lifestyle patterns in the region, Asia Pacific is predicted to dominate the worldwide market over the projected period.
Farmers are now turning to bio-based fertilizers because of the significant profit margins associated with organic grains, fruits, and vegetables. Furthermore, as poultry breeding becomes more popular as a supplemental or primary source of income, more raw material, namely chicken excreta, is produced which is expected to provide ample supply to the market and that too in a cost effective manner.
Furthermore, many government measures to encourage farmers to embrace organic farming are expected to increase demand in markets such as China, India and ASEAN countries.
Some of the leading manufacturers and suppliers include
The manufacturers and suppliers are focusing on the production and provision of high quality fertilizers and expanding capacity by building strategic partnerships with local players to gain more geographical presence and market share.
To boost their presence in the global poultry manure fertilizer market, the industry's leading companies are also planning to launch new products and collaborating with other industry players.
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The Chicken Manure Fertilizer report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.