Market Overview
The Latin America organic fertilizers market size reached USD 2.80 Billion in 2024 and is expected to grow to USD 8.50 Billion by 2033. The market is projected to expand at a CAGR of 11.50% during the forecast period of 2025-2033. Growth is driven by rising demand for chemical-free food, government incentives for sustainable farming, increasing soil degradation, and expanding organic farmland.
Study Assumption Years
- Base Year: 2024
- Historical Year/Period: 2019-2024
- Forecast Year/Period: 2025-2033
Latin America Organic Fertilizers Market Key Takeaways
- The market size of the Latin America organic fertilizers reached USD 2.80 Billion in 2024.
- The market is expected to grow at a CAGR of 11.50% during 2025-2033.
- The forecast period for market growth is 2025-2033.
- Organic farming has increased by 60% from 2018 to 2024, reaching 10 million hectares.
- The adoption of biofertilizers and biopesticides is rising to enhance crop yields.
- Countries like Brazil, Argentina, and Mexico are leading the organic fertilizer market in the region.
- Slow-release organic formulations are being developed to improve nutrient absorption.
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Market Growth Factors
The organic fertilizers market in Latin America rapidly grows because consumers increasingly demand chemical-free food, sustainable farming practices increasingly trend, and governments incentivize sustainable farming and organic certification programs in countries including Brazil, Argentina, and Mexico in the region. Organic farmland area grew by 60% from 2018 into 2024. The area reached up to 10 million hectares in 2024 because people increasingly knew of the negative effects from synthetic fertilizer on human health. Large-scale organic farms served exports.
Greater use of biofertilizers should help market growth. Biofertilizers with nitrogen-fixing bacteria like rhizobium, azospirillum and phosphate-solubilizing pseudomonas, bacillus, and fungi like arbuscular mycorrhiza are commercially available and are under development. Brazil and Argentina have led the registration and approval for microbial-based products. Integration of precision agriculture technologies with data-driven nutrient management is providing opportunities for growth in biofertilizers in these countries.
Products such as slow release organic fertilizers are capable of improving the efficiency of nutrient uptake and reducing nutrient leaching losses and may be used as substitutes for synthetic fertilizers in highly productive farming systems. Microbial inoculants and organic nutrient product mixtures can further improve their efficiency. On 11 September 2024, Stoller Argentina launched BlueN, a foliar biofertilizer based on the nitrogen fixer Methylobacterium symbioticum SB23 that can be used with organic crops and most foliar pesticides.
Market Segmentation
Product Insights:
- Organic Residues: Includes farm yard manure, crop residues, green manure, and others, which contribute to soil fertility and organic matter replenishment.
- Biofertilizer: Comprises azotobacter, rhizobium, azospirillum, blue-green algae, azolla, mycorrhiza, and others, facilitating nutrient availability and soil health.
Application Insights:
- Grains and Cereals: Used primarily for staple crops enhancing nutrient supply.
- Oilseeds: Fertilizers tailored for oilseed crop nutrient requirements.
- Fruits and Vegetables: Organic fertilizers help improve crop yield and quality.
- Turf and Ornamentals: Application focused on landscaping and ornamental plant health.
- Others: Includes additional agricultural uses not classified above.
Regional Insights
Brazil, Mexico, and Argentina are key regional markets in Latin America for organic fertilizers, benefiting from government support and regulatory approvals for biofertilizers. The organic farming area in the region increased by 60% between 2018 and 2024 to reach 10 million hectares. The sustainable agriculture movement and the demand for chemical-free food contribute to the growth in these dominant countries.
Recent Developments & News
- April 22, 2024: WIPO GREEN supported the adoption of bio-inputs in Latin American agriculture through a climate-smart agriculture project, involving Argentine peach producer Tomás Gomez and Agro Sustentable to trial biofertilizers and biopesticides.
- July 18, 2024: Terraplant launched MinerOxi+, Brazil's first 3-in-1 organomineral fertilizer, offering immediate soil pH correction and enhanced nutrient availability for sustainable agriculture.
- September 11, 2024: Stoller Argentina introduced BlueN, a foliar-applied biofertilizer based on Methylobacterium symbioticum SB23, suitable for organic farming.
Key Players
- Stoller Argentina
- Terraplant
- Agro Sustentable
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