Overview and Scope
Green manures are crops planted expressly to improve and preserve soil fertility and structure. They are raised and then returned to the soil. It includes cluster beans, cowpeas, khesari, and other crops.
Sizing and Forecast
The green manure market size has grown strongly in recent years. It will grow from $2.17 billion in 2023 to $2.33 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to organic farming practices, soil health awareness, crop rotation practices, government support and subsidies, crop diversification, water conservation, reduced environmental impact..
The green manure market size is expected to see strong growth in the next few years. It will grow to $3.07 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to climate change adaptation, regenerative agriculture practices, consumer demand for sustainable agriculture, integration in precision agriculture, enhanced soil microbial activity, water quality management.. Major trends in the forecast period include integration of leguminous cover crops, use of winter cover crops, no-till and reduced-till farming systems, innovations in cover crop seed varieties, integration of livestock in cover cropping systems..
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Segmentation & Regional Insights
The green manure market covered in this report is segmented –
1) By Type: Leguminous, Non Leguminous
2) By Source: Dhaincha, Sesbania, Sunhemp, Other Sources
3) By Application: Grains And Cereals, Pulses And Oilseeds, Fruits And Vegetables, Other Applications
Asia-Pacific was the largest region in the green manure market in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the green manure market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increase in demand for organic food products is significantly contributing to the growth of the green manure market. Organic food products help in preventing dangerous diseases like heart disease, blood pressure problems, and other diseases. Organic food products are foods that are grown solely using organic farming methods. Green manure helps in increasing the organic content in the soil, prevents soil erosion, and inhibits the growth of weeds. These factors provide a healthy environment for organic food products to grow. For instance, according to a report by the Federal Ministry of Agriculture, a cabinet-level ministry of the Federal Republic of Germany, 38% of respondents said they would buy organic products frequently (33%) or exclusively (5%) in 2021. Moving forward, as many as 47% of respondents expect to buy organic food frequently (41%) or exclusively (6%) in the future. Hence, increasing demand for organic food products is significantly contributing to the growth of the green manure market.
Key Industry Players
Major companies operating in the green manure market report are Bio Greens, BioStar Organics LLC, Agrocart, California Organic Fertilizers Inc., Fertikal N.V., Krishak Bharati Cooperative Limited, Midwestern Bio AG, Biofa GmbH, Symborg SL, Fertiberia S.A., Lallemand Inc., Legume Technology Ltd., Rizobacter Argentina S.A., XiteBio Technologies Inc., BioAtlantis Ltd., Bioiberica S.A.U., BioWorks Inc., Camson Bio Technologies Limited, GreenMax AgroTech, Novozymes A/S, Krishidoot Bio Herbal PVT. LTD., Qingdao Hibong Fertilizer Co. Ltd., Green Cover, Soil First Inc., The Royal Barenbrug Group, Grassland Oregon Inc., Kings Agriseeds Inc., Byron Seeds LLC, Prairie Creek Seed, Seedway LLC.,
The green manure market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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