The Green Manure Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Green Manure Global Market Report 2024, 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..
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.
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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
Green manure in sustainable agriculture is a key trend in the green manure market. Major players in the industry are adopting green manure for sustainable agricultural practices. Green manure is used to improve soil health, reduce environmental pollution, reduce the use of chemical fertilizers, and for other benefits. Sustainable agriculture is a kind of farming that prioritizes growing long-term crops and livestock while causing the least amount of environmental damage possible. For instance, in October 2021, Nurture.farm, an India-based sustainable agriculture solutions provider, launched an initiative to stop stubble burning. The stubble is sprayed with a bio enzyme which turns it into manure in 20–25 days. Bio enzymes are created organically by fermenting fruits, vegetables, sugar, and water.
The green manure market report table of contents includes:
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