Due to the disruption in logistics and transportation of the agriculture industry, the organic fertilizer market had a significant slowdown in sales in the first quarter of 2020.
Organic garbage is the most common sort of trash produced worldwide. Every year, the home, commerce, industry, and construction sectors generate more than 2 billion tonnes of municipal solid garbage and 7 billion to 10 billion tonnes of urban solid waste. Furthermore, the Food and Agriculture Organization of the United Nations (FAO) estimates that more than a third of all food produced (1.3 billion tonnes) is wasted year. These wastes are turned into organic fertiliser raw materials. As a result, advanced technology can be used to decompose these wastes and produce a large quantity of organic fertilizers.
Every year, more than 70 billion farm animals are butchered around the world (Source: Animal Matter Organization).. Around 25% of solid waste generated in the slaughtering industry comes from the animal's per tonne weight, which includes inedible animal components obtained from meat and other animal byproducts, such as organs, integument, ligaments, tendons, blood vessels, feathers, and bones. This waste is improperly disposed of, resulting in pollution of the environment.This slaughterhouse waste is utilised as a raw ingredient for the manufacturing of organic fertilizers.
The research provides a thorough examination of the global organic fertilizers market, including source, form, application, crop type, and geography The global organic fertilizers market is divided into several categories, including source (animal-based, plant-based, mineral-based, and others), form (dry and liquid form), application (broadcasting, fertigation, foliar application, and others), crop type (cereals & grains, fruits & vegetables, oilseeds & pulses, turf & ornaments, and other crops), and geography. The research also assesses and analyses industry competitors.
The Impact of COVID-19 on the Organic Fertilizer Market
The COVID-19 epidemic has had a negative impact on several economies all around the world. COVID-19 battle tactics such as complete lockdown and quarantine have a significant negative impact on numerous industries around the world, including a portion of the agriculture industry. Due to the disruption in disturbance in logistics and transportation of the agriculture industry, the organic fertilizer market had a significant slowdown in sales in the first quarter of 2020. The organic fertilizer market has experienced disruptions in the whole value chain of the sector, from raw materials supply to manufacture, packaging, and distribution, in addition to logistics and transportation.
In early 2020, China, one of the world's top producers and consumers of organic fertilizers, began to assess the impact of the COVID-19 epidemic on the worldwide organic fertilizers sector. The supply chain in China was disrupted for a few months due to the closure of manufacturing units and restrictions on the export and import of organic fertilizers and raw materials, mainly animal waste. Furthermore, this pandemic is projected to have a negative impact on the organic fertilizer market in a number of nations throughout the world, including the United States, India, Australia, Brazil, and the EU-5 countries. Many fertilizer plants in India have shut down or are operating at a reduced capacity as a result of the countrywide lockdown, resulting in a significant drop in domestic organic fertilizer production.
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