The 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 the 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 support the future growth of the global seaweed fertilizers market in the next five years.
The Important Elements of the Seaweed Fertilizers Market
The world population is rapidly rising and demand for higher yields of 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 also substantiate the future growth of the global seaweed fertilizers market in the forecast period, until 2026.
Seaweed extracts are an important resource of essential nutrients for plants that are used as an integral ingredients in seaweed fertilizers. Chemical fertilizers are often very harmful and may cause adverse effects on the environment, soil, and air. Seaweed fertilizers contain higher nutrient counts and do not create any kind of harmful effects on the environment. Pests like aphids, red spiders, and slugs can also be controlled with the use of seaweed fertilizers. Researchers are evolving the method of applications such that the efficient spread of seaweed fertilizer may help with agricultural practices and gardening practices. Although excessive and unconcerned usage of seaweed fertilizers is harmful to human health, thus proper monitoring during application is required.
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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 gardens, farms, and others. The use of seaweed fertilizers in farms all around the globe is expected to register the highest volume of sales in the upcoming five years and dominate the market segment on the account of advanced agricultural practices and the promotion of organic farming methods. Constant monitoring of agrochemicals along with rapidly increasing product innovations for 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 the powder form of seaweed fertilizers and the liquid form of seaweed fertilizers. The powder form of 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, the properties of the powder fertilizer, like 100% solubility, and resistance against drought, heat, and frost. Additionally, powder fertilizers are active in reducing plant shock, helping 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 in the global seaweed fertilizers market
- 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, and Agri Bio Care India, among others hold larger shares of the market. Several market players are actively involved in research and technological development in the product development. 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 research and development to provide options that satisfy 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. Countries like India, China, and South Korea are highly efficient in the usage of seaweed fertilizers. The countries are also well-known as agriculture giants in terms of expanding the agriculture sector in these countries. North American region is anticipated to advance its market on the backbone of advancing technological developments in the agricultural sector in the countries like the 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 the global seaweed fertilizers market.
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