Seaweed Fertilizers Market by Size, Share, Forecasts, & Trends Analysis
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Meticulous Research®, a premier global market research company, has recently
released an in-depth research report titled, ‘Seaweed
Fertilizers Market by Form (Powder Seaweed Fertilizer, Liquid Seaweed
Fertilizer), Application Mode (Foliar Spray), Crop Type (Field Crops,
Horticultural Crops), End Use (Agriculture, Household Garden) and Geography -
Global Forecast to 2030.’
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Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5577
In accordance with this cutting-edge
publication, the seaweed fertilizers market is poised to achieve a substantial
valuation of $29.6 million by 2030, reflecting a Compound Annual Growth Rate
(CAGR) of 10.4% during the forecast period spanning from 2023 to 2030. The
surge in demand for organic farming and organic food, coupled with
governmental initiatives promoting the use of natural fertilizers, escalating
concerns regarding environmental sustainability, and the expansion of seaweed
cultivation are pivotal factors propelling the market's upward trajectory.
Nevertheless, the market growth is anticipated to face hindrance due to the
relatively higher cost compared to synthetic fertilizers. Despite this,
increasing awareness surrounding the benefits of seaweed fertilizers is
expected to present lucrative growth prospects for stakeholders in the market.
The global seaweed fertilizers market is
meticulously segmented based on form (powder and liquid), application mode
(with a spotlight on foliar spray), crop type (encompassing field crops,
horticultural crops, and other varieties), end-use (covering agriculture,
household garden, and other applications), and geography (spanning North
America, Europe, Asia-Pacific, Latin America, and the Middle East &
Africa). The report also conducts a thorough analysis of industry competitors
while delving into regional and country-level market dynamics.
Breaking down the segments further, the
powder form of seaweed fertilizers is foreseen to dominate the market in 2023,
attributing its supremacy to an extended shelf life, cost-effectiveness, ease
of storage, and heightened efficiency over liquid counterparts. This form
allows for seamless integration into the soil, ensuring a slow-release effect
or swift application when mixed with water.
Within the application mode segment,
foliar spray is anticipated to capture a larger market share in 2023. This
dominance is fueled by advancements in spraying equipment and an increasing
demand for uniform nutrient distribution. Foliar spray, with its direct
application onto leaves, bypasses the root system, providing immediate
nourishment to plants, thereby gaining traction among consumers.
Analyzing crop types, horticultural crops
are projected to witness the highest CAGR during the forecast period, driven
by consumer preferences for organic fruits and vegetables and the expanding
cultivation of organic horticultural crops.
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Furthermore, the agriculture segment is
expected to lead the global seaweed fertilizers market in 2023. The dominance
of this segment is primarily attributed to the burgeoning organic farming
sector, the myriad benefits of seaweed fertilizers in crop production, and a
growing awareness regarding the use of organic fertilizers.
In terms of geography, North America is
poised to command the largest market share in 2023, followed by Europe,
Asia-Pacific, Latin America, and the Middle East & Africa. The preeminence
of North America can be attributed to the presence of major seaweed fertilizer
manufacturers, heightened consumer preference for organic and natural food
products, expanding areas under organic cultivation, an increasing demand for
biofertilizers, and the adoption of innovative agricultural technologies.
Key
Players
Key Players driving innovation and growth
in the global seaweed fertilizers market include DOLLS EXPORTS PVT. LTD.
(India), Donegal Seaweed (Ireland), FoxFarm Soil & Fertilizer Company
(Canada), Kelp Products International (Pty) Ltd. (South Africa), Maxicrop USA,
Inc. (U.S.), Plan “B” Organics (U.S.), QINGDAO SINTA BIOTECHNOLOGY CO., LTD
(China), Seed2Plant India Pvt. Ltd. (India), TAGROW CO., LTD. (China),
TECHSEALAB (France), The Espoma Company (U.S.), and Xiangcheng Jiahe
Biological Technology Co., Ltd (China).
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Key Questions Answered in
the Report-
· What are the
historical market sizes and growth rates of the global seaweed fertilizers
market?
· At what rate
is the global seaweed fertilizers demand projected to grow for the next 5–7
years?
· What are the
major factors impacting the growth of this market at the regional and country
levels? What are the major opportunities for existing players and new entrants
in the market?
· Which segments
in terms of form, application mode, crop type, and end-use are expected to
create major traction for the manufacturers in this market during the forecast
period of 2023–2030?
· What are the
key geographical trends in this market? Which regions/countries are expected
to offer significant growth opportunities for the manufacturers operating in
the global seaweed fertilizers market during the forecast period of 2023–2030?
· Who are the
major players in the global seaweed fertilizers market? What are their
specific product offerings in this market?
· What are the
recent strategic developments in the global seaweed fertilizers market? What
are the impacts of these strategic developments on the market?
About Meticulous Research®
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and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private
limited company under the Companies Act, 1956. Since its incorporation, the
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The name of our company defines our
services, strengths, and values. Since the inception, we have only thrived to
research, analyze, and present the critical market data with great attention
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